Markets
Gold dips as solid USA economic data lift dollar
- September 02, 2020
Sequentially, the turnover in August was up 18% from Rs 38,052 crore in July. The dollar index dropped close to a two-year low and was on track for its fourth consecutive monthly decline. The gold/ silver ratio now stands at 77.64 to 1, which means the amount of silver required to buy one ounce of gold. Gold and silver prices edged lower today in Indian markets amid muted global cues and a strong rupee. (more...)
- September 02, 2020
Sequentially, the turnover in August was up 18% from Rs 38,052 crore in July. The dollar index dropped close to a two-year low and was on track for its fourth consecutive monthly decline. The gold/ silver ratio now stands at 77.64 to 1, which means the amount of silver required to buy one ounce of gold. Gold and silver prices edged lower today in Indian markets amid muted global cues and a strong rupee. (more...)
TikTok US Sale in Jeopardy After New Chinese Tech Export Rules
- September 02, 2020
While ByteDance hasn't disclosed its asking price for TikTok, the Wall Street Journal reported last week that it is seeking roughly $30 billion for TikTok's USA operations. Zhang stands to make billions no matter what happens with Trump. Just as important, if he sells the USA business, he can never get it back. TikTok claims about 100 million monthly active users in the United States. (more...)
- September 02, 2020
While ByteDance hasn't disclosed its asking price for TikTok, the Wall Street Journal reported last week that it is seeking roughly $30 billion for TikTok's USA operations. Zhang stands to make billions no matter what happens with Trump. Just as important, if he sells the USA business, he can never get it back. TikTok claims about 100 million monthly active users in the United States. (more...)
French Barb Accuses UK Of Playing For Time In Post-Brexit Talks
- September 02, 2020
Ex-Australian PM Tony Abbott, who has spoken to ministers about a role in post-Brexit trade talks, yesterday told MPs in an online meeting he hoped the European Union "comes to its senses" and offers "at least a Canada-style free trade deal". (more...)
- September 02, 2020
Ex-Australian PM Tony Abbott, who has spoken to ministers about a role in post-Brexit trade talks, yesterday told MPs in an online meeting he hoped the European Union "comes to its senses" and offers "at least a Canada-style free trade deal". (more...)
Canada contracts with Novavax for 76 million vaccine doses for 2021
- September 01, 2020
Prime Minister Justin Trudeau announced it has reached agreements with Novavax and Johnson and Johnson. The government originally announced deals with Pfizer and Moderna on August 5, but didn't provide details on the number of doses at that time. (more...)
- September 01, 2020
Prime Minister Justin Trudeau announced it has reached agreements with Novavax and Johnson and Johnson. The government originally announced deals with Pfizer and Moderna on August 5, but didn't provide details on the number of doses at that time. (more...)
Workers will see smaller paychecks under Trump's payroll tax deferral
- September 01, 2020
It allows employers to offer their workers a temporary deferral of the 6.2 per cent payroll tax employees pay into the Social Security Trust Fund for the rest of this year. "But under a simple deferral , employees would be stuck with a large tax bill in 2021". The deferral of payroll taxes applies to employees making less than $104,000 a year. (more...)
- September 01, 2020
It allows employers to offer their workers a temporary deferral of the 6.2 per cent payroll tax employees pay into the Social Security Trust Fund for the rest of this year. "But under a simple deferral , employees would be stuck with a large tax bill in 2021". The deferral of payroll taxes applies to employees making less than $104,000 a year. (more...)
Trump heads uninvited to Kenosha to push law and order message
- September 01, 2020
Portland has become a flashpoint for demonstrations against police brutality and racism since the police killing of African-American man George Floyd in Minneapolis on 25 May triggered a wave of national and worldwide outrage. "Realistically, from our perspective, our preference would have been for him not to be coming at this point in time", he told NPR radio. Poisoning the values this nation has always held dear. (more...)
- September 01, 2020
Portland has become a flashpoint for demonstrations against police brutality and racism since the police killing of African-American man George Floyd in Minneapolis on 25 May triggered a wave of national and worldwide outrage. "Realistically, from our perspective, our preference would have been for him not to be coming at this point in time", he told NPR radio. Poisoning the values this nation has always held dear. (more...)
Trump says Pelosi wants bailout money only for states run by Democrats
- September 01, 2020
The Pelosi-Meadows phone call comes hours before President Donald Trump was due to accept his party's nomination Thursday evening. "Over a month ago, House and Senate Democrats said that we would be willing to cut a trillion dollars from the Heroes Act if the White House would add one trillion to the Senate bill ". (more...)
- September 01, 2020
The Pelosi-Meadows phone call comes hours before President Donald Trump was due to accept his party's nomination Thursday evening. "Over a month ago, House and Senate Democrats said that we would be willing to cut a trillion dollars from the Heroes Act if the White House would add one trillion to the Senate bill ". (more...)
Portugal could be added to quarantine list after rise in Covid cases
- September 01, 2020
The Uk Authorities is assessing travel corridors for worldwide locations that go the threshold of 20 circumstances for each 100,000. On Friday, Portugal reported its highest new daily virus figure for seven weeks, with just over 400 cases detected. (more...)
- September 01, 2020
The Uk Authorities is assessing travel corridors for worldwide locations that go the threshold of 20 circumstances for each 100,000. On Friday, Portugal reported its highest new daily virus figure for seven weeks, with just over 400 cases detected. (more...)
MGM Resorts lays off 18,000 furloughed workers
- September 01, 2020
The layoffs at MGM, which amount to about a quarter of its U.S staff of about 70,000, caps a wave of job cuts and buyouts this week across a broad array of industries. Tech company Salesforce is cutting 1,000 jobs and Bed Bath & Beyond cut 2,800 positions. Those numbers represent only a fraction of the job losses besetting the USA economy. (more...)
- September 01, 2020
The layoffs at MGM, which amount to about a quarter of its U.S staff of about 70,000, caps a wave of job cuts and buyouts this week across a broad array of industries. Tech company Salesforce is cutting 1,000 jobs and Bed Bath & Beyond cut 2,800 positions. Those numbers represent only a fraction of the job losses besetting the USA economy. (more...)
Amazon’s drone delivery ambitions hit key milestone with new FAA approval
- September 01, 2020
As of today, Amazon is officially an "air carrier". The approval comes at a time when Amazon's business has surged during the on-going coronavirus pandemic as consumers around the world are opting to have their goods delivered to their doorsteps rather than visit traditional stores. (more...)
- September 01, 2020
As of today, Amazon is officially an "air carrier". The approval comes at a time when Amazon's business has surged during the on-going coronavirus pandemic as consumers around the world are opting to have their goods delivered to their doorsteps rather than visit traditional stores. (more...)
The latest on Kenosha police shooting of Jacob Blake
- September 01, 2020
But it was the Wisconsin's governor - not the president - who activated the National Guard. Trump is due to travel today to the city to meet law enforcement officials and view damage from unrest triggered by Blake's shooting last weekend. (more...)
- September 01, 2020
But it was the Wisconsin's governor - not the president - who activated the National Guard. Trump is due to travel today to the city to meet law enforcement officials and view damage from unrest triggered by Blake's shooting last weekend. (more...)
India’s GDP growth suffers worst-ever crash, govt says ‘along expected lines’
- September 01, 2020
The slide in real GDP - which is measured on the basis of prices in 2011-12 - had been expected after the Narendra Modi government clamped the world's severest lockdown in March to stop the spread of the coronavirus pandemic, triggering a slump in consumer spending, private investment and exports. (more...)
- September 01, 2020
The slide in real GDP - which is measured on the basis of prices in 2011-12 - had been expected after the Narendra Modi government clamped the world's severest lockdown in March to stop the spread of the coronavirus pandemic, triggering a slump in consumer spending, private investment and exports. (more...)
Tesla, Apple stock parts clear route for additional increases
- September 01, 2020
Shares of technology companies rose as a dizzying rally in some of the largest companies in the sector continued, drawing more small-scale speculators. So, how have shares of Apple performed after its previous stock splits? While the splits themselves won't have any direct effects on the market caps of the companies, eToro says that stock splits can play an important emotional role for investors. (more...)
- September 01, 2020
Shares of technology companies rose as a dizzying rally in some of the largest companies in the sector continued, drawing more small-scale speculators. So, how have shares of Apple performed after its previous stock splits? While the splits themselves won't have any direct effects on the market caps of the companies, eToro says that stock splits can play an important emotional role for investors. (more...)
Vaccine trials: Vital signs of volunteers normal
- August 31, 2020
The Bangladeshi generic medicine producer Beximco Pharmaceuticals Ltd. (BPL) has announced its intention to cooperate with the Serum Institute of India (SII) for the exclusive supply of its vaccine in Bangladesh. According to the report, the vaccine will be available for procurement at around $3 per dose for the government and about $6 per dose for end consumers. (more...)
- August 31, 2020
The Bangladeshi generic medicine producer Beximco Pharmaceuticals Ltd. (BPL) has announced its intention to cooperate with the Serum Institute of India (SII) for the exclusive supply of its vaccine in Bangladesh. According to the report, the vaccine will be available for procurement at around $3 per dose for the government and about $6 per dose for end consumers. (more...)
How major USA stock indexes fared Friday
- August 31, 2020
It's lapped the other United States (US) stock indexes many times over, thanks to market-leading gains for big technology stocks, and it's up 30.3 per cent for 2020 so far. "(The Fed's) new-found acceptance of higher inflation suggests the recovery could continue for much longer, as will near-zero rates", Carter added. (more...)
- August 31, 2020
It's lapped the other United States (US) stock indexes many times over, thanks to market-leading gains for big technology stocks, and it's up 30.3 per cent for 2020 so far. "(The Fed's) new-found acceptance of higher inflation suggests the recovery could continue for much longer, as will near-zero rates", Carter added. (more...)
GDP Growth At -23%, Sharpest Contraction On Record | Read
- August 31, 2020
With activity in India's vast informal sector, which makes up nearly half of the GDP, unlikely to be reported, output in the formal sector could be used as a proxy and overestimate growth. The data released by NSO gives an indication of India's economy which has been badly impacted by cornavirus-led nationwide lockdown during the quarter under review. (more...)
- August 31, 2020
With activity in India's vast informal sector, which makes up nearly half of the GDP, unlikely to be reported, output in the formal sector could be used as a proxy and overestimate growth. The data released by NSO gives an indication of India's economy which has been badly impacted by cornavirus-led nationwide lockdown during the quarter under review. (more...)
CEO: United Airlines is dropping its ticket change fees
- August 31, 2020
The customers having basic economy tickets will not be liable to the benefit. United collected $625 million in ticket cancellation and change fees past year, trailing Delta Air Lines Inc . This new decision made by the Airlines will definitely attract more and more customers to their Airlines. But, on March 16, those numbers began to drop off in a major way - only 953,699 were screened that day, compared to 2019's 2.17million screenings that same day. (more...)
- August 31, 2020
The customers having basic economy tickets will not be liable to the benefit. United collected $625 million in ticket cancellation and change fees past year, trailing Delta Air Lines Inc . This new decision made by the Airlines will definitely attract more and more customers to their Airlines. But, on March 16, those numbers began to drop off in a major way - only 953,699 were screened that day, compared to 2019's 2.17million screenings that same day. (more...)
Buffett’s Berkshire takes stakes in Japanese trading companies
- August 31, 2020
Berkshire acquired the stakes of about 5 per cent in Itochu Corporation , Marubeni Corporation , Mitsubishi Corporation , Mitsui & Company and Sumitomo Corporation over the past 12 months, the U.S. On Monday, Marubeni and Sumitomo ended up over 9%, followed by Mitsubishi and Mitsui at over 7%. Mitsubishi Corp. held 20% of Mitsubishi Motors Corp.as of March 31. (more...)
- August 31, 2020
Berkshire acquired the stakes of about 5 per cent in Itochu Corporation , Marubeni Corporation , Mitsubishi Corporation , Mitsui & Company and Sumitomo Corporation over the past 12 months, the U.S. On Monday, Marubeni and Sumitomo ended up over 9%, followed by Mitsubishi and Mitsui at over 7%. Mitsubishi Corp. held 20% of Mitsubishi Motors Corp.as of March 31. (more...)
Reliance Industries Buys Future Group's Business for Rs 24,713 Crore
- August 31, 2020
Future Group and Reliance did not immediately respond to Reuters' requests for a comment. The addition of new stores will bring more economies of scale to Reliance Retail. The Undisputed Leader RIL's retail cost matrix is superior to those at its peers, providing enough scope for margin improvement of the acquired assets. (more...)
- August 31, 2020
Future Group and Reliance did not immediately respond to Reuters' requests for a comment. The addition of new stores will bring more economies of scale to Reliance Retail. The Undisputed Leader RIL's retail cost matrix is superior to those at its peers, providing enough scope for margin improvement of the acquired assets. (more...)
TikTok Allegedly Made a $ 20 Billion Offer
- August 31, 2020
The joint bid by Centricus and Triller would include $10 billion in cash upfront while another $10 billion would be in profit-sharing from the resulting venture, Bloomberg quoted a person in the know of the matter. A source allegedly in control of the financial details of the deal stated that the $ 20 billion offer will be financed by Centricus. Bobby Sarnevesht also said in his statement, "We understand our offer is upsetting to some TikTok U.S. (more...)
- August 31, 2020
The joint bid by Centricus and Triller would include $10 billion in cash upfront while another $10 billion would be in profit-sharing from the resulting venture, Bloomberg quoted a person in the know of the matter. A source allegedly in control of the financial details of the deal stated that the $ 20 billion offer will be financed by Centricus. Bobby Sarnevesht also said in his statement, "We understand our offer is upsetting to some TikTok U.S. (more...)
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