Economy 520
Pulses import may fall 60% next fiscal on good crop expectations: IPGA
There would be lower imports next year also because traders might not be able to buy from overseas market, taking advantage of loopholes in the import quota order
India's forex reserves soar to record $473 billion, gold down by $218 mn
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
BPCL standalone profit zooms to ₹1,261 crore in Q3
State-owned Bharat Petroleum Corporation Ltd (BPCL) reported a standalone net profit of ₹1,260.63 crore in the October to December of FY20 from ₹495.14 crore a year ago mainly on the back of a margina
Chinese Stocks Rise for 7th Consecutive Day Amid Coronavirus Infection
Chinese stocks rose for a seventh day on Wednesday, coinciding with the continuous decline in new confirmed cases of novel coronavirus infection for eight days on the Chinese mainland outside Hubei province. The development signaled an easing of investors' concerns over the viral outbreak's negative impact on economic growth, according to analysts.
Appreciate Group (LON:APP) Earns Buy Rating from Liberum Capital
Liberum Capital reaffirmed their buy rating on shares of Appreciate Group (LON:APP) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports. LON:APP opened at GBX 63.50 ($0.84) on Tuesday. The stock’s 50-day moving average is GBX 59.79. The company has a market cap of $118.33 million and a P/E ratio of 12.96. The company […]
Vinay Dube appointed as GoAir CEO
GoAir has appointed Vinay Dube, the former chief executive officer (CEO) of Jet Airways, as its new CEO. Mr. Dube will report to chairman Nusli Wadia, managing director Jeh Wadia, and the board. He wi
Facebook's Zuckerberg wants 'new framework' for digital tax
Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own ...
AITUC terms the Budget as ‘hoax’
Trade unions to stage protests from February 24
Vodafone’s India venture on brink of collapse after court ruling
Decision means telecoms company must pay billions of dollars in fees by next month
The Berniephobes Are Wrong
Wall Street fears the rise of the Vermont senator. The rest of America has less to worry about.
Wall Street opens slightly higher following mixed US data
Wall Street's main indexes started the day slightly higher on Friday as investors assess the latest batch up of macroeconomic data releases from the U
CBDT notifies 10-IC, 10-ID forms for firms to avail lower corporate taxes
Form 10-IC will have to be filed by the companies that wish to avail the beneficial rate of 22 per cent upon relinquishment of the exemptions/incentives offered under the Income Tax Act.
Tax Appeals Commission dismisses bank’s attempt to write off Revenue bill
Unidentified bank facing assessment of €1.4 million
Volkswagen offered 830-mn-euro settlement for German diesel cases
The mass lawsuit is one of the major legal hangovers from VW's 2015 admission to fitting 11 million vehicles worldwide with software to make motors appear less polluting in regulatory tests than in real driving conditions. While diesel buyers in the US have enjoyed generous buyback and compensation schemes, German drivers had so far gone uncompensated for the impact of the scandal, which has since spread to other carmakers.
Ringgit ends higher versus US dollar
KUALA LUMPUR, Feb 14 — The ringgit closed marginally higher against the US dollar today, tracking the performance of regional peers amid concerns on the Covid-19 outbreak. At 6pm, the ringgit was quoted at 4.1360/1400 versus the greenback from 4.1390/1420 yesterday. FXTM market analyst Han Tan...
US: Unconvinced retail sales data
The United States has just released retail sales data and the numbers were slightly higher but failed to convince the market, Joseph Trevisani from FX
Tesla prices its second offering of stock at US$767 apiece
Tesla priced its second offering of stock at US$767 apiece Friday.
ASOS PLC/ADR (OTCMKTS:ASOMY) Lifted to “Buy” at Berenberg Bank
Berenberg Bank upgraded shares of ASOS PLC/ADR (OTCMKTS:ASOMY) from a hold rating to a buy rating in a research report released on Monday, The Fly reports. A number of other research firms also recently issued reports on ASOMY. ValuEngine downgraded shares of ASOS PLC/ADR from a buy rating to a hold rating in a report […]
Government willing to do more beyond Budget to boost growth, says FM Sitharaman
Sitharaman said the finance ministry will provide details of the scheme soon
Jitters infect trading, Fed withdraws
A large increase in reported coronavirus infected patients saw European and US investors step away from shares in overnight trading. Initial jitters were eased by a WHO official’s statement that the increase was simply a full accounting of cases so far. US indices recovered and made gains, until the US Federal Reserve announced it was tapering its repurchase agreement program, effectively withdrawing liquidity.
Costly onion, potato push WPI inflation to 3.1% in Jan
Both food, non-food articles inflation are expected to rise further, say experts
Teranga secures approvals to acquire stake in Massawa Gold Project
Teranga has secured approvals to proceed to conclude the previously announced acquisition of a 90% stake in the Massawa Gold Project in Senegal, Africa.
Get ready for global economy's dreadful future: Save more, work longer, and expect less
Ultra-low and negative interest rates are taking hold in countries where economic growth has been sluggish.
Yamana Gold: I Stay Bullish After Q4 Report
Yamana Gold reports Q4 2019 results.Higher gold prices lead to significant cash flow generation.Should gold stay at current levels, the company will have the capacity to further increase the dividend
Huge potential for US-India ties in energy sector, ready to meet demand: US
Larry Kudlow, economic advisor to Trump, said that talks are going on between India and the US on a trade deal that could be inked during the visit of the president
Foreign investors in row over Lebanese debt
Ashmore has locked horns with other creditors, including Pimco
Open to bringing tweaks to budget and take steps beyond it, says FM Nirmala Sitharaman
Experts tell the Finance Minister that a Budget proposal could affect the demand for REITs and InvITs in India
Indian Court Stays National Competition Regulator’s Investigation Against E-Commerce Giant Amazon
New Delhi (Sputnik): US E-Commerce major Amazon engaged in deep discounting during the festive season in India. India’s domestic traders are up in arms, alleging that discounting by online retailers is distorting the market
Odisha govt announces DA hike for employees
CM Naveen Patnaik today announced a hike of 5% DA for government employees.The decision will benefit around 3.5 lakh state government employees
US January industrial output falls on weather, Boeing drop
WASHINGTON, Feb 14 — US industrial production fell 0.3 per cent in January as unseasonably warm weather held down the output of utilities and Boeing Co slowed production of civilian aircraft, the Federal Reserve said today. The Fed said manufacturing production fell 0.1 per cent in January,...
U.S. Dollar Rises On Continued Flow Of 'Safe Haven' Money
The recent rise in the value of the US dollar appears to be connected with the flow of risk averse monies seeking a safe haven investment.This is not a new factor for US markets as the country has rec
Dan Loeb’s Third Point Discloses $115M ViacomCBS Stake
The hedge fund also revealed that it cut its holdings in Fox Corp. by more than 37 percent, and acquired a $130 million stake in Amazon.
Singapore reports nine new coronavirus cases – Reuters
Singapore has reported nine new confirmed cases of coronavirus infections, the biggest daily jump, on Friday, lifting the total count in the country t
CBDT to base taxmen's appraisal on their 'Vivad se Vishwas' performance
FM Nirmala Sitharaman had proposed this direct tax dispute resolution scheme in her budget speech on February 1
CBN condemns receiving foreign currency in transfers
CBN has lamented the rate at which international money transfers are done in foreign currencies by Nigerians, saying it is detrimental to naira.
Tax dept notifies forms for firms to avail lower corporate taxes
In September 2019, the govt announced a cut in base corporate tax for existing companies to 22% from the current 30%.The effective tax rate for existing units will be 25.17% as compared to 34.94% now
Graphite India share turned Rs 1 lakh into Rs 25,000 in 1.5 years; here's why
Graphite India share price, which closed at Rs 1,100 on August 14, 2018 ended at Rs 283 on February 14, 2020
Romanian economy slows down to 4.1 percent in 2019
The Romanian economy slowed down to 4.1 percent last year, after 4.4 percent in 2018 and 7.1 percent in 2017, show flash estimates released by...
Royal Bank of Scotland is changing its name to NatWest
The bank's chief executive announced the decision to rebrand while reporting a surge in profits.
Temasek arm sells Rs 204 crore Godrej Agrovet shares
The shares were offloaded on an average price of Rs 539.13, valuing the transaction at Rs 204.04 crore.
Flight centre resumes sales of SAA tickets
The insurer linked to flight centre reinstated insolvency cover for SAA.
IOB to focus on MSME, will increase lending to Rs 50,000 cr: Official
Laying more focus on MSME segment, IOB would increase its lending to the sector from the present Rs 31,000 cr to Rs 50,000 cr in a couple of years from now.
AZ revenues rise, but it says coronavirus could hit 2020
AstraZeneca’s new drugs powered a surge in revenues in 2019, but chief executive Pascal Soriot thinks the Covid-19 outbreak could weight on its 2020 performance.
Renault plans $2.2 billion 'no taboos' cost cuts after first loss in a decade
PARIS (Reuters) - Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
Zuckerberg accepts Facebook may pay more tax outside US: Politico
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes outside of ...
Coronavirus And Credit - A Perfect Storm
This article posits that the spread of the coronavirus coincides with the downturn in the global credit cycle, with potentially catastrophic results.The credit crisis was already likely to be severe,
Sentiment Stays Afloat
The percentage of respondents reporting as bullish has risen to 41.33% from 33.87% last week.Bearish sentiment fell 8.82 percentage points to 26.4%.Neutral sentiment also ticked higher this week, risi
Puerto Rico Falls Prey To $4M Online Fraud
Fraud News: An online scam targeted $4 million in retirement funds from at least four Puerto Rico agencies, according to reports on Thursday (Feb. 14).
WHO: Coronavirus cases among health care workers peaked in third and fourth week of Jan
"We need to know more about the infection of 1,760 Chinese health workers, including the time period and circumstances," World Health Organization (WH
Rational (FRA:RAA) PT Set at €670.00 by Bankhaus Lampe
Bankhaus Lampe set a €670.00 ($779.07) price objective on Rational (FRA:RAA) in a research report report published on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock. A number of other analysts have also recently commented on RAA. Hauck & Aufhaeuser set a €625.00 ($726.74) price target on shares of […]
Canadian home sales up 11.5% compared with 2019: CREA
The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained.
We Showed How Easy It Is to Commit Health Care Fraud. Now Senators Want to Close the Loophole. — ProPublica
The bipartisan proposal comes in response to a ProPublica story that showed how a personal trainer posed as a doctor to defraud prominent health insurers.
4 ASX shares to get you started in investing
If you're looking to get started in investing, here's why I think BHP Group Ltd (ASX: BHP) and these 3 other ASX shares are a great place to begin.
Adani Enterprises hits 52-week high after it signs agreement with AAI
The stock rallied for the ninth straight day, up 17 per cent, against 3 per cent rise in the S&P BSE Sensex during the period.
Data Shows Bitcoin’s Progression From Retail To Institutional Asset
As Bitcoin matures, a wider range of investors begins to consider the asset as an investment to add to their portfolios. New data shows exactly how
RPower net profit declines 57 pc to Rs 49 crore in Dec quarter
Reliance Power (RPower) on Friday said its consolidated net profit has dipped over 57 per cent to Rs 49.39 crore in the December 2019 quarter, mainly due to lower income. The company's consolidated net profit had stood at Rs 116.44 crore in the
New Helen Clark Foundation Report Urges Capital Gains Tax
A new report into New Zealand's shortage of affordable housing has called for a capital gains tax.
Russia: Structural reforms needed to support growth – ABN Amro
Economy outlook for the Russian country improved last year but still lacks the structural ingredients to steam a high growth environment, according to
Lime Asset deliberately deceived investors in awareness of losses: FSS
South Korean fund operator Lime Asset Management and its seller Shinhan Investment deliberately duped investors by concealing their losses and continuing the sale of the related products, the watchdog Financial Supervisory Service said Friday. Based on an intermediary inspection and accounting audit, the FSS estimated that two of the disputed parent funds may suffer losses of up to 730 billion won ($617.5 million). ...
Glenmark Pharma Q3 consolidated net profit rises 64% to Rs 190.83 crore
Consolidated revenue of the company stood at Rs 2,735.56 crore for the quarter under consideration as against Rs 2,555.04 crore for the corresponding period a year ago.
Proposed EU 2021-2027 budget at 1.074% of EU GNI, or 1.095 trillion euros
Chairman of EU leaders proposed the next EU 2021-2027 budget at 1.074% of the EU's gross national income (GNI), or 1.095 trillion euros, Reuters repor
India needs urgent structural reforms: IMF
India urgently needs more ambitious structural and financial sector reform measures and a medium-term fiscal consolidation strategy due to the rising debt levels while ensuring a more accommodative fi
Cashed up super funds hunt for buying opportunities
Unisuper and Hostplus say they are sitting on elevated piles of cash and any major sell-off in equity markets sparked by the coronavirus will come as a buying opportunity.
Canada: CPI inflation is projected to firm to 2.4% in January – TD Securities
Previewing next week's macroeconomic data releases from Canada, "CPI inflation is projected to firm to 2.4% in January on a combination of a 0.3% m/m
2019 brings first and highest current account surplus since 2001
Turkey achieved a higher-than-expected current account surplus in 2019, its first and highest surplus since 2001, official data showed Friday. Having...
5 bad money habits to give up sooner rather than later
We're not talking about pinching pennies — we're talking about bad money habits that are holding you back from building wealth.
Blame game over 830-mn-euro settlement in VW's German diesel cases
Consumer representatives and car giant Volkswagen each blamed the other Friday for a breakdown in talks over a settlement for 400,000 German customers in the firm's "dieselgate" emissions cheating scandal.
Canopy Growth: Only Faint Positives
Canopy Growth beat consensus estimates for FQ3.The Canadian cannabis company still had a massive free cash flow loss of C$360 million.The stock has a fully diluted market cap of $8.4 billion and FY21
German economy stagnates in sign of Europe's difficulties
FRANKFURT, Germany (AP) — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell, official figures showed Friday.The flat reading underlines the challenge facing the broader eurozone economy as it struggles against headwinds from the U.S-China trade dispute and Britain's departure from the European Union.Both the German and eurozone figures were the weakest since 2013, when the region was suffering from a debt crisis that nearly spelled the end of the euro currency.Germany's state statistics agency said Friday there was zero growth in the fourth quarter and a mediocre 0.6% increase for the whole year.
3 Steps to a Socially Conscious Portfolio
So you want your investment holdings to reflect your values and you’re confused by all the so-called E.S.G. funds. Here’s how to start.
Trader: Ethereum Can Hit $440 But Indicator Warns Altcoin ‘Overbought’
“Serious resistance” should trigger above $400 as General Strength Indicator suggests Ether is at its most overbought since May 2019.
Range Resources: Leverage Risk Climbs Sharply
The credit line may not be available when the company most needs it.Cash flow in the third quarter dropped nearly 50% from the previous year.Fourth-quarter cash flow should continue the pattern of pro
Zuckerberg accepts Facebook may pay more tax outside US - Politico
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes outside of ...
Our real estate biz not dependent on govt reforms & we continue to do well: Adi Godrej
Adi Godrej, Chairman, Godrej Industries, says the last two years have been record years for Godrej Properties. The chemical business is doing well while the consumer company is under a little pressure as peoples purchasing power has come down.
US: UoM Consumer Confidence improves to 100.9 in February from 99.8
The University of Michigan's Survey of Consumers revealed that the Index of Consumer Sentiment in February improved to 100.9 (preliminary) from 99.8 i
Jes Staley’s Jeffrey Epstein issue is just the latest Barclays tangle
Here’s why running this particular British bank is like riding a rollercoaster
Supreme Court orders telcos to clear AGR dues by Mar 17, threatens contempt
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
IndusInd Bank hits over 3-year low; tumbles 11% in six sessions
The private sector lender's stock was trading at its lowest level since January 10, 2017
Renault slashes dividend as Nissan income falls 84%
Carmaker, which owns 43% of Nissan, saw full-year profit miss estimates after sales fall
BIR: Taxpayers should use online tax payment facilities
As the filing of the 2019 income tax returns nears, the Bureau of Internal Revenue (BIR) asked yesterday all taxpayers to make use of the online payment system which is more convenient and easy to use.
ONGC net profit falls 50% to ₹4,152 crore in Q3
ONGC has reported a ₹4,151.63 crore standalone net profit for the third quarter of financial year 2019-2020. This is 49.75 per cent lower than the ₹8,262.7 crore profit reported in the comparable quar
Burberry Group (LON:BRBY) PT Lowered to GBX 2,600 at Credit Suisse Group
Burberry Group (LON:BRBY) had its target price reduced by Credit Suisse Group from GBX 2,650 ($34.86) to GBX 2,600 ($34.20) in a report issued on Monday morning, Stock Target Advisor reports. They currently have an outperform rating on the stock. A number of other equities research analysts also recently weighed in on the stock. Deutsche […]
Top headlines: SC shocker for telcos, wholesale inflation rises, and more
From SC's rejection of telcos' plea for new schedule for AGR payments to wholesale inflation rises to 3.1% in January, here are the day's top headlines
Facebook may have to pay more tax, Zuckerberg accepts
Global cross-border taxation rules are set to be rewritten
IRB Infra Q3 PAT down 27% at Rs 160 crore
Total expenses increased to Rs 1,534.36 crore, from Rs 1,446.82 crore earlier.
Construction Activity Can Signal When Credit Booms Go Wrong
The risk of a bad boom- where a rapid credit growth episode is followed by a financial crisis or subpar economic growth -increases when there is also a boom in house prices.We find that signals from c
The Refined Investor Series 2020 promises to provide actionable insights for investors
The Refined Investor Series, reputed for high-level conversations is well attended by high profile business leaders and investors- and this year is no different as Fine & Country West Africa will be collaborating with PwC and Udo Udoma & Belo-Osagie as knowledge partners to execute what has been described as one of the most anticipated & insightful Real Estate events for the upper quartile market in Nigeria.
Kraft Heinz’s Junk Downgrade Rekindles Bond Market Jitters
Kraft Heinz Co., the iconic food giant created in a merger five years ago, was downgraded to junk by two credit raters, raising fresh worries among investors that a slowing economy could threaten the broader corporate bond market.
Nest-egg nerves: the challenge facing super funds
With consistently good returns under their belt, how well prepared are super funds for a downturn?
Zuckerberg accepts Facebook may pay more tax in different places - Politico
MUNICH — Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.
MyTheresa eCommerce Fashion Brand Plans To Go Public
MyTheresa, the online luxury fashion retailer, plans to list on the New York Stock Exchange to take advantage of robust equity markets.
These were the best performing ASX 200 shares last week
The IDP Education Ltd (ASX:IEL) share price was among the best performers on the ASX 200 last week…
RBS changes name to NatWest in bid to shed legacy of bailout
The majority state-owned U.K. bank RBS announced a name change on Friday as it tries to leave behind its near-collapse during the 2008 financial crisis.
Asian shares aim for second week of gains amid virus scare
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
German EcoMin: Economy is still experiencing a period of weakness
The German Economy Ministry is out with its assessment of the economy after the fourth quarter 2019 GDP showed stagnation. Key Quotes: German economy
WTI climbs to fresh two-week highs above $52
The barrel of West Texas Intermediate (WTI) fell below the $51 handle on Thursday but recovered a large portion of its losses to close the day at $51.
Kraft Heinz Is Still a Mess
Another disappointing earnings report shows that the company's still in disarray.
Capgemini to hire up to 15,000 freshers this year via campus recruitment
At present, 1.2 lakh employees work in the Indian offices of Capgemini. With this, India accounts for more than half of the French IT services company's global strength
2020 - A Close Look At What To Expect
As Q4-2019 earnings continue to push the US stock market higher, what should traders expect going forward in 2020?There are a number of things that could potentially disrupt foreign market expectation
Poundland sells 40,000 engagement rings just before Valentine's Day
Poundland has sold 40,000 engagement rings ahead of Valentine’s Day, the retailer has said. The discount giant claims to have sold almost twice as many engagement rings this year compared to last.
JLL Reports Record Fourth-Quarter And Full-Year 2019 Results
NEW ZEALAND, 14 February 2020 – Jones Lang LaSalle Incorporated (NYSE: JLL) has reported outstanding operating performance for the fourth quarter and full year of 2019.
Is COVID-19 a 'black swan'?
The Chernobyl disaster played a big part in making the Soviet public ripe for regime change. Could the coronavirus have a similar effect in China?
You could be cheating on your taxes without realizing it. Here's how to tell.
Recent changes in tax laws eliminating or curtailing some long-time deductions and credits could turn ordinary taxpayers into inadvertent tax cheats.
Obtaining PAN card will be made simpler, says Nirmala Sitharaman
Sitharaman made the comments during an interactive session titled 'Budget and Beyond' with professionals from asset management, wealth advisory, tax consultancy and other related industries at NITI Aayog
Antitrust probe into e-commerce firms stalled after Amazon challenge
CCI last month ordered a probe into Amazon and rival Walmart's Flipkart over alleged violations of competition law and certain discounting practices
US manufacturing output hit by Boeing troubles, slips 0.1%
Excluding the production of airplanes and parts, factory production rose 0.3%.
'Almost a mass psychosis': Tesla's 250% stock rally makes no sense, Bob Lutz says
Bob Lutz has no idea why Tesla stock has rocketed more than 250% in six months.
Renault reports net losses of 141 million euros in 2019
Renault said its outlook for 2020 was bleak with a fresh fall in operational profitability, a statement said Friday.
SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%
"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.
Replace your entire wage with dividends from ASX shares
You can replace your entire wage with dividends from ASX shares.
U.S. January core retail sales unchanged; December revised down
Sales at clothing stores declined by the most since 2009
I-T Dept notifies forms for companies to avail lower corporate taxes
CBDT has notified Forms 10-IC and 10-ID for existing companies that want to avail lower I-T rate and new manufacturing firms, respectively
LYFT (NASDAQ:LYFT) Given “Buy” Rating at JMP Securities
JMP Securities reissued their buy rating on shares of LYFT (NASDAQ:LYFT) in a report published on Monday morning, TipRanks reports. The firm currently has a $88.00 price target on the ride-sharing company’s stock. Other research analysts have also recently issued research reports about the stock. Wolfe Research upgraded shares of LYFT from an underperform rating […]
RompHim goes out of business
RompHim, the rompers-for-men company that achieved viral success a couple of years back, is going out of business. CNN reports that the initial focus on marketing to straight bros limited their app…
Tesla raises $2 billion in secondary stock offering priced at $767 a share — 5% below where it's trading now
Tesla will sell 2.65 million shares of common stock for a price tag of $US767 a share, the company announced Friday. That’s a 4.6% discount on Thursday’s closing price.
Court rejects unions’ application over SAA job cuts
Unions are expected to appeal the decision.
VN-Index dips, ending three-session gaining streak - VnExpress International
Vietnam’s benchmark stock market index slipped 0.08 percent to 937.45 points Friday, ending a three-session gaining streak.
New Jersey’s American Dream Mall Readies for Its Ultimate Test
Two decades in the making, the American Dream mega-mall is about to open its doors to shoppers. The question is how many will show up.
Valentine's Day: Shoppers flock to California Flower Mall in downtown LA for last-minute deals
Love was in the air at the California Flower Mall in downtown Los Angeles on Valentine's Day as last-minute shoppers scrambled to find the perfect gift for their special someone
LuLu Group to expand retail arm Tablez, consolidate hotels in India
To also set up large-format malls in Hyderabad, Lucknow and Bengaluru
HKTDC Helps SMEs Amid Unprecedented Challenges
HKTDC Chairman Dr Peter K N Lam said Hong Kong has experienced unprecedented challenges over the past year, affecting the local political, economic and social landscape, as well as people's livelihood. Given that Hong Kong's economic outlook is already subdued because of the ongoing Sino-United States trade dispute, the weak global economy and the local social unrest over the past months, the impact of the current coronavirus outbreak could be higher than that of SARS (Severe acute respiratory syndrome) in 2003, further weakening demand in retail and catering and affecting the job market in the first half of this year.
Tactical Asset Allocation Views (February 2020)
China and the rest of Asia are likely to see the most pronounced decline in growth for Q1 2020, as economic activity is disrupted from quarantines, factories shutdowns and canceled transportation serv
Friday’s analyst upgrades and downgrades
Inside the Market’s roundup of some of today’s key analyst actions
Wirecard quarterly profit strength meets expectations
BERLIN (Reuters) - Payments company Wirecard reported strong quarterly results in line with analyst expectations on Friday and reiterated guidance for core profit growth of 34% this year.
Only 2,200 professionals in India disclosed annual income above ₹1 crore
I-T Dept shares data on income tax returns for 2018-19 via tweets
3 Small-Cap Stocks With Big-Cap Potential
You may wish you had bought Axos Financial, Telaria, and Yext now if they hit their upside potential later.
Sebi constitutes municipal bonds development committee
Markets regulator Sebi on Friday said it has constituted a committee which will suggest on policy matters pertaining to development of municipal debt securities and facilitate municipalities for issuance of such bonds. The regulator has constituted
Ford Is In The Doghouse.
Ford is once again in trouble after a poor quarter, with the share price back around $8.The dividend is well covered and the stock looks cheap, but investor sentiment is strongly against this name.Inv
Why you can never have too much super
If you're working hard and planning for retirement, you might wonder if you have too much in super. In my opinion, you can't.
FM Sitharaman says the govt is open to tweaking inside and outside Budget for economic growth
irmala Sitharaman said the immediate feedback to the Union Budget has been motivating, as it has had a 'positive impact' on the currency, bond and equity markets.On the REITs and InvITs, the Finance Minister said she wanted to hear the views of the economists and other tax experts on the Budget
The inside story of a gas deal gone bad
ASX-listed Horizon Oil went from challenging a strongman in PNG to ignoring corruption warnings and paying a shell company $US10.3 million.
When The Facts Change
The coronavirus is a human tragedy, but the markets remain sanguine.A slowing of global growth is already factored into market expectations.Further central bank easing is expected to calm any market f
Pakistan has achieved all economic goals, IMF says
--Global financial body says 'govt has made considerable progress in last few months to advance economic reforms' The International Monetary Fund (IMF) on Friday announced that Pakistan
Over 15 tonnes of used cooking oil dispatched from Madurai to Telangana for bio-fuel production
The oil was collected from 222 shops in the city that used more than 40 litres of oil a day
Govt willing to do more beyond Budget to boost growth: FM Sitharaman
The country's GDP growth is estimated to slow to an 11-year low of 5 per cent in the current financial year
SpiceJet Q3 net profit soars 21% to Rs 78 crore despite 737 MAX troubles
SpiceJet reported growth in air transport services during the December quarter, as segment results for the period almost doubled to Rs 115.05 crore from Rs 58.55 crore from the year-ago period
Euro Buyers see Best Exchange Rate Since mid-December as Pound Sterling Boosted by Expectations for Increased Govt. Spending under Sunak
The British Pound has advanced against the Euro for six months in a row now and the momentum has taken the GBP/EUR exchange rate back up to 1.20
South Africa's fuel prices to drop (with diesel users to benefit most)...
The AA says “steady declines in international oil prices" have set the stage for fuel price reductions at month end, despite a weakening rand.
Cocoa traders expect adverse weather, hoarding to hit Ivorian sales
ABIDJAN/LONDON (Reuters) - Adverse weather and hoarding in Ivory Coast could see sales of the top cocoa producer’s largest export fall some way short of consensus, which could push global prices higher, traders said.
European shares hit record even as coronavirus shows no signs of peaking
Stock markets across the world ticked higher on Friday, even as investors debated whether China's coronavirus outbreak would cause long-lasting ...
Sensex rises over 200 pts; Nifty above 12,200
According to traders, domestic equities advanced tracking significant foreign fund inflow ahead of the release of wholesale inflation data.
Jetstar ground crew set for 24-hour strike
Jetstar passengers are set to face major disruptions around the country in the coming days as baggage handlers and ground crew plan a 24-hour strike over Jetstar baggage handlers and ground crew are set for a 24-hour strike over the Australian budget airline's current employment proposal.
The Perils Of Late-Cycle Investing
It may well be that structured credit hedge funds constitute a sensible vehicle for riding the remaining bucks of the late bull and surviving the downturn when it arrives.Structured credit hedge funds
Samsung's jailed board chairman has resigned
Lee Sang-hoon was convicted of violating South Korean union labor laws in December 2019, and sentenced to 18 months in prison.
Punjab: Just one MLA volunteered to pay tax on salary drawn from govt
CM had appealed to them to do so two years ago, as it would save the strained exchequer Rs 52 lakh; MLA Kuljit Singh Nagra says he pays Rs 80,000 as tax each year
India's curbs on Malaysian palm imports stir up edible oil trade
"A rebalancing is happening in the palm oil market," says a Mumbai-based dealer with a global trading firm.
Private firms to invest Rs 3,000 cr in MP, to create 14,000 jobs
The announcement in this regard was made by Madhya Pradesh Chief Minister Kamal Nath during the textile and garment sector round table held here
Warren Buffett just lost $1 billion in 2 days after Kraft Heinz disappointed again
Warren Buffett lost more than $US1 billion this week after Kraft Heinz stock plummeted 11% in two days.
GBP/USD: Pound sparkling with the new romance on Downing Street
The cable is holding onto gains triggered by the replacement of the Chancellor of the Exchequer. Us consumer confidence and Brexit will also be eyed t
Pound-to-Dollar Rate Retreats from Greenback but Charts Point Higher
The British Pound vs the US Dollar: GBP/USD News and Conversion Level for Pounds to Dollars
Supreme Court orders Indian telcos to pay $13bn or face action
The court has threatened contempt proceedings against the companies and Department of Telecommunications government officials for non-compliance with that ruling.
Brazil’s Largest Crypto-Friendly Bank Posts 42% Rise In Q4 2019
The largest standalone investment bank in Latin America, Banco BTG Pactual SA, recorded an impressive 42% net income growth during last year's fourth
Ramaphosa’s speech underscores weak SA credit outlook – Fitch
Fitch says Ramaphosa's speech left important questions unanswered.
Japan: GDP will see a severe contraction – Westpac
Economists forecast a sharp drop in Q4 GDP for Japan, Westpac Institutional Bank reports. USD/JPY is trading at 109.805 after rising since the start o
CPPIB reports 3.6% rate of return after expenses in third quarter
Net assets for the Toronto-based fund manager grew to $420.4 billion as of Dec. 31, up from $409.5 billion at the end of the previous quarter.
Govt Hikes Fuel,Adjusts Electricity Prices
The government followed up their January increase on electricity prices by adjusting February prices by...
Netherlands: GDP grew 0.4% in all quarters of 2019 – ABN Amro
Gross domestic product (GDP) increased in the fourth quarter in the same numbers as did in the previous quarters of 2019. Senior economist at ABN Amro
Banks' loans rise over 7% in two weeks to January 31: RBI report
Non-food credit rose Rs 1.02 trillion to Rs 100.24 trillion
German economy flatlines after spending and exports slowdown
GDP growth at 0% for final quarter of 2019 with no upturn forecast in the short term
4 of the biggest news pieces from the ASX200 this week
These were 4 of the biggest news items from the ASX 200 (ASX:XJO) this week. Read how this affected these individual companies.
January Wholesale Price Index stands at 3.1%
The annual rate of inflation based on monthly Wholesale Price Index stood at 3.1% (provisional) for the month of January 2020 (over January 2019) as compared to 2.59% (provisional) for the previous
Aphria Stock Isn’t Profitable Enough to Be Worth the Risk
Aphria's results indicated that its profitability is weakening. As a result, Aphria stock is unattractive at this point.
Financial infidelity: 1 in 5 Canadians keep money secrets from their partner
While love is in the air for some this Valentine’s Day, a new survey finds that secrets are too with one in five Canadians admitting to engaging in financial infidelity.
Irish whiskey sales in US on the up as American spirits exports plunge due to tariffs
It marks an even better year for Irish whiskey than 2018 when US sales topped $1 billion for the first time ever.
Zuckerberg ‘accepts’ that Facebook may have to pay more tax in Europe
Mark Zuckerberg accepts that global tax reforms mean Facebook may have to pay more taxes in some countries, including in Europe.
USD/TRY: CBRT rate cut will not impact the lira – TDS
The Central Bank of the Republic of Turkey (CBRT) will announce on Wednesday, 19 February its policy rate. A rate cut is expected for economists at TD
These were the 10 biggest European tech stories this week
These were the 10 biggest European tech stories this week
AUD/USD steadies above 0.6700, looks to snap six-week losing streak
The AUD/USD pair is struggling to make a decisive move in either direction on Friday and continues to fluctuate in a relatively tight range above the
HCB Financial: A Modestly Overvalued Bank
HCB Financial is a solid community bank serving an area in southwestern Michigan.A conservative loan portfolio, however, offsets a remarkably low cost deposit base to limit the company's net interest
Exports contract for 6th straight month, drop 1.66 per cent in January; trade deficit widens
Shipments of petroleum products, plastic, carpet, gems and jewellery, and leather products contracted by 7.42 per cent, 10.62 per cent, 5.19 per cent, 6.89 per cent, and 7.57 4 per cent, respectively, in January. Imports also fell for the eighth consecutive months, down 0.75 per cent to USD 41.14 billion in January, widening the trade deficit to a seven-month high of USD 15.17 billion, according to the government data released on Friday.
Could Beyond Meat Stock Beef Up Your Portfolio?
As Beyond Meat stock is already up significantly in 2020, it may be time to take some money off the table.
WH adviser Kudlow: Trump administration may propose 10% middle-class tax cut
The Trump administration may propose a 10% middle-class tax cut when they reveal the next tax plan in September, White House economic adviser Larry Ku
Euro rebounds as U.S. stocks drop, growth concerns remain
NEW YORK — The euro bounced against thegreenback on Friday as U.S. stocks declined from record highs,though concerns about growth in the eurozone are expected tokeep weighing on the single currency.
German economy stagnated in fourth quarter
FRANKFURT — Growth ground to a halt at the end of the year in Germany, Europe’s largest economy, as manufacturing remained in a slump and exports fell. The figure underlines the challenge facing the eurozone.
Volume of construction works, up almost 28 pct, in 2019
The volume of construction works increased last year by 27.6 pct as compared to 2018, as gross series, according to data released by the...
Indian banks' loans rise over 7% in two weeks to Jan 31: RBI
Outstanding loans rose ₹98926 crore ($13.86 billion) to ₹101.03 trillion in the fortnight to Jan. 31.Non-food credit rose ₹1.02 trillion to ₹100.24 trillion, while food credit fell ₹3,202 crore to ₹78,899 crore
IMF's Georgieva: Coronavirus is big uncertainty today for world economy
The coronavirus outbreak is a big uncertainty for the world economy, International Monetary Fund's (IMF) Managing Director Kristalina Georgieva said o
The Australian Dollar Cheers RBA's Optimism but Virus Concerns Tipped to Weigh
The Pound vs Australian Dollar: Latest GBP/AUD Forecasts, News and Analysis
GoAir appoints Vinay Dube, former Jet Airways chief, as new CEO
In recent weeks the airline has been facing challenge due to delays in deliveries of aircraft and spare engines resulting in cancellation of flights
Zuckerberg ready for Facebook to pay more tax as welcomes rules review
MUNICH (Reuters) - Facebook (FB.O) Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.
NZX profit reflects growth in capital markets
The NZX says its full year result reflects the stellar performance of the capital markets over the past year, with momentum expected to drive growth in the coming year. The capital market operator's net profit rose 25.7 percent to $14.6 million in the year to December, and rose 7.1 percent on continuing operations. The market operator said it spent most of its capital investment to upgrade the NZX trading system and NZX Wealth Technologies over the past year. NZX chair James Miller said the 2019 results showed encouraging earnings growth, assisted by strong growth in the local market, which rose more than 30 percent over the year. "This extends the excellent run of New Zealand's sharemarket over the past decade," Miller said, noting the NZX's share price had increased 42 percent over that period.
Plastics tax, carbon-trading cash to cover EU’s Brexit gap, officials say
BRUSSELS, Feb 14 — Top European Union official Charles Michel proposed today filling the Brexit gap in the EU’s next long-term budget with revenue from a new tax on plastics and funds from trading carbon emissions. Presenting a so-called negotiating box, which will form the basis of intense...
Minister Vladislav Goranov: The Bulgarian Currency is Undervalued
The Bulgarian lev is undervalued, Bulgaria's Finance Minister Vladislav Goranov said, referring to econometric models for evaluating the exchange rates used by the IMF. Once again, Goranov has denied fears that the savings of Bulgarian citizens will melt after joining the eurozone and confirmed that the country will enter the eurozone with the same lev-euro exchange rate as it currently has.
US: Industrial Production declined 0.3% in January vs. -0.2% expected
Industrial Production in the US declined 0.3% in January, the data published by the Federal Reserve showed on Friday. This reading came in slightly wo
The best places to buy a home if you're single
A new ranking has revealed affordable spots in each region.
Malaysia's modest GDP growth in line with neighbouring countries: Azmin
KUALA LUMPUR: Malaysia’s modest gross domestic product (GDP) growth of 4.3 per cent last year is considered better than some of its neighbours, said Economic Affairs Minister Datuk Seri Azmin Ali.
Dr M to announce economic stimulus package on Feb 27
KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad will announce an economic stimulus package on Feb 27 to mitigate the adverse external economic impacts brought about by the Covid-19 outbreak.
10 things you need to know before the opening bell
This is what traders are talking about.
Meaty increases push up annual food prices - Stats NZ
Higher prices for meat, poultry, and fish contributed to a 3.5 percent increase in food prices for the year ended January 2020, the largest annual rise in food prices in over eight years, Stats NZ said today.
Govt expects to complete Air India sale in first half of FY21: DIPAM secy
The deadline for submitting the EoI is March 17
Indonesia: IDR limited pressure in the wake of a rate cut – TDS
Low inflation and slower growth are the reasons cited by strategists at TD Securities to forecast a rate cut of 25 basis points in Indonesia. This mea
Bailed-out RBS to rebrand as NatWest
Royal Bank of Scotland is calling time on its recent checkered past, rebranding as NatWest and setting out new goals to become a 'purpose-led bank' focused on enterprise, learning and climate.
Market Wrap, Feb 14: Sensex falls 202 pts post AGR verdict
Among telcos, Vodafone Idea tumbled over 23 per cent to Rs 3.44 apiece on the BSE post the AGR verdict
Canopy Rivers swings to loss, withdraws guidance on industry headwinds
TORONTO — Canopy Rivers Inc. says it swung to a loss in its third quarter of 2020 and has withdrawn its full-year guidance over multiple headwinds in the cannabis industry. The venture capital arm of Canopy Growth says it had a net loss of $2.
Consumer Spending Drives Jan. Retail Sales Boost
News: Retail sales, which are an indication of purchases at restaurants, stores and online, rose a seasonally adjusted 0.3 percent last month from December.
Oil: Energy sector up – ANZ
Crude oil was able to shift pressure and the market looks like convenient with the latest news about coronavirus. WTI trades at $51.75, ANZ Research r
Retirement hack: cheap dividend stocks could make you a million
Buying undervalued income shares could boost your chances of generating a seven-figure portfolio.
Czech Republuc: Healthy economy – ABN Amro
Anke Martens from ABN Amro summarize the situation of the Czech economy which has good health. EUR/CZK trades at 24.7815 as has fallen since January.
The White House is likely to unveil 10% tax cuts for the middle class in September, Kudlow says
President Donald Trump could announce a second tax cut package just months ahead of the 2020 election this fall, offering a revamped campaign message after the first round failed to gain widespread support.
How to save money on car insurance—10 ways
Lowering your auto insurance bill doesn’t mean you have to sacrifice coverage or customer service.
Delta will invest $1 billion to become first carbon-neutral airline
Delta will invest $1 billion over the next decade in an effort to become the world's first carbon-neutral airline, the company announced Friday.
Don’t let the coronavirus scare have you turning bearish on equities
The economic fallout with be transitory in nature
Europe wants G20 to make taxing digital giants top priority this year
Finance ministers and central bank governors of the world’s 20 biggest economies meet on Feb. 22-23 in Riyadh
If you haven't started saving for retirement, don't panic, but get a plan
OTTAWA - Canadians are bombarded by advertising preaching the virtues of starting to save for retirement early, letting the benefits of time and compound in
Euro skids to new low ahead of GDP data, dollar shines
LONDON, Feb 14 — The euro eased to another nearly three-year low today as investors worried about slowing growth momentum in the euro zone ahead of an estimate of how its economy performed in the fourth quarter. The European single currency has lost 1 per cent so far this week and is on track for...
Renault cuts dividend, slices profit goal for 2020
French carmaker Renault warned that auto demand remained volatile, cut its dividend for 2019 and set a lower operating margin goal for 2020, a ...
Bed Bath & Beyond's Meltdown Has Only Just Begun
The retailer’s unexpected fourth-quarter update indicates that things could get much worse before they get any better.
US core retail sales unchanged in January
WASHINGTON, Feb 14 — US consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said today retail sales...
Bill.com: Material Deceleration On The Horizon
Bill.com reported its fiscal Q2 2020 results last week, beating top line estimates and reporting 50% year-over-year revenue growth.Despite an incredible report, revenue growth rates are expected to sl
Consumer sentiment hits highest level since 2018 despite coronavirus outbreak
American consumers were increasingly optimistic about the economy this month despite a deadly viral outbreak. The University of Michigan said Fr...
Indian Overseas Bank to focus on MSME-lending: CEO
Laying more focus on the MSME segment, Indian Overseas Bank (IOB) will increase its lending to the sector from ₹31,000 crore at present to ₹50,000 crore in a couple of years from now, said a top offi
Amazon, Flipkart seek rollback of new Indian tax on online sellers
NEW DELHI (Reuters) - Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters.
Total considers stopping fuel oil sales for power: CEO
ABERDEEN, Scotland (Reuters) - France’s Total (TOTF.PA) is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.
Cisco Remains Big Tech Laggard
Fiscal Q2 continues top/bottom line beat trend.Guidance in-line with expectations down meaningfully.Dividend raised by a penny.
No talks on opening up poultry and dairy markets to US companies: Govt
International media reports on Thursday suggested that India had finally allowed market access to chicken legs from the US
Mike Ashley’s Frasers Group adds name to business rates letter
More than 50 retailers wrote to the Chancellor this week demanding changes to transitional relief.
India’s pulses import may fall 60% next fiscal: IPGA
There would be lower imports next year also because traders might not be able to buy from overseas market, says IGPA Chairman
Irish homeowners with €300k mortgage paying €229 more a month than euro area average
Irish homeowners with a €300k mortgage being repaid over 30 years are paying €229 more a month than their euro area counterparts, according to figures released today by the Brokers Ireland group.
Market movers: Stocks seeing action on Friday - and why
A roundup of some of the North American equities making moves in both directions today
Exports dip 1.66% in January
The trade deficit was $15.05 billion in January 2019.Imports too declined by 0.75$ $41.14 billion, leaving a trade deficit of $15.17 billion during the month under review
Royal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
Europe Seeks To Have G20 Tackle Tech Firm Taxation
Europe now wants global financial leaders in the G20 to make taxing digital giants a priority in 2020.
Gold prices rise ₹75, silver gains ₹147
Gold prices on Friday rose by ₹75 to ₹41,481 per 10 grams in the national capital amid rupee depreciation, according to HDFC Securities. Likewise, silver also gained ₹147 to ₹47,036 per kg from ₹46,88
Gold in search of a firm direction, stuck in a range around $1575 region
Gold lacked any firm directional bias and oscillated in a narrow trading band around the $1575 region through the early European session on Friday. A
R&L upgrades PH credit rating
In a report to the Department of Foreign Affairs (DFA), the Embassy said the upgrade was made in view of the steady progress of the government’s reforms to modernize the tax system, the prioritization of the socio-economic agenda, the launch of the Bangsamoro Transition Authority (BTA), and the Build, Build, Build program.
Property Tax Parishkaram from tomorrow
GHMC will conduct tax adalats in the name of ‘Property Tax Parishkaram’ at its circle offices every Sunday, starting from February 16 to March 29.The sessions will review various petitions, court case
Street's Most Famous Bear Worries Retail Investors Don't Appreciate Corporate Debt Risk
Albert Edwards gave an interview to Bloomberg this week, and much of the discussion centered around the risks embedded in investment grade debt.There's a ton of nuance to this discussion, and I want t
SpiceJet soars 10% on 21% YoY rise in net profit; B737 may return this year
On the operational front, Passenger Load Factor came in at 91.9 per cent in Q3, with the fleet size growing to 119 aircraft as on December 31, 2019.
ICAO forecasts $4-5 billion hit to first-quarter airline revenue from virus
ICAO forecast global airline revenue could fall by $4bn to $5bn in the first quarter due to flight cancellations linked to the coronavirus
U.S. January industrial output falls on weather, Boeing drop
WASHINGTON (Reuters) - U.S. industrial production fell 0.3% in January as unseasonably warm weather held down the output of utilities and Boeing Co (BA.N) cut production of civilian aircraft, the Federal Reserve said on Friday.
Home sales see big jump
The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained.
Star fund manager's bet on $4.3 billion worth of Argentine debt is dangerously close to unraveling
Franklin Templeton and its star money manager, Michael Hasenstab, have $4.3 billion worth of Argentine bonds as the country marches towards rest...
Z Stock Could Win but the U.S. Might Not
Demographic megatrends presents a massive tailwind for Zillow, but housing affordability is a metric to watch.
Kinross Gold: Q4 Performance Puts The Company Back On Track
Kinross Gold reports Q4 2019 results.Higher gold price helps and the company delivers significant operating cash flow.Production guidance for the next year is slightly down from 2019 numbers, but Kinr
Indonesia: BI to stay on hold – Standard Chartered
Indonesia will release trade data on 17 February and the Bank of Indonesia (BI) will hold its monthly meeting on 19-20 February. Economists at Standar
What every Canadian investor needs to know today
A look at the morning’s market action
4 Things Royal Dutch Shell Investors Need To Know In 2020
Royal Dutch Shell is an above-average, quality high-yield stock with a trustworthy dividend.Royal Dutch Shell offers above-average growth potential courtesy of a smart strategic focus on LNG.The valua
Odisha to tap 5T model for mineral resource mapping, extend KALIA scheme
State to also set World-class core sample laboratory and develop select rural habitats as smart villages akin to smart cities
USD/CAD slides to mid-1.3200s, reverses Thursday’s positive move
The USD/CAD pair extended its steady intraday slide and refreshed daily lows, around mid-1.3200s during the early European session on Friday. The pair
NERC: Power sector recorded N1.7trn tariff shortfall in four years
The Nigerian Electricity Regulatory Commission (NERC) says the power sector recorded ₦1.72 trillion tariff-related revenue shortfall from 2015 to 2019. The commission said this in a newly released consultation paper
Top NMC shareholder Muhairi quits board amid turmoil
Abu Dhabi-based healthcare group has faced turbulent time since report questioning finances
Gold Price Analysis: XAU/USD trading in 10-day highs near $1580.00/oz
XAU/USD is trading in a bull trend above the main daily simple moving averages (SMAs). Gold is rising in a bull channel while the market is being supported ab
Rand firmer after Ramaphosa’s speech, stocks flat
South Africa’s rand firmed on Friday after President Cyril Ramaphosa set out brief plans to stimulate economic growth during his state of the nation address, although his speech was short on specifics and timeframes.
Facebook’s Zuckerberg wants ‘new framework’ for digital tax
Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his...
SNB's Zurbruegg: Risk on Swiss banks from rising property prices is not too high
"Risk on Swiss banks from rising property prices is not too high," Swiss National Bank's Vice-Chairman Fritz Zurbruegg said on Friday. "Affordability
Manipur CM announces state budget estimate of over Rs. 20,000 crore
Biren Singh informed the House that revenue expenditure is estimated at Rs 16,445 crore. As such, the capital outlay is estimated at Rs 3,356 crore, which is an increase of Rs. 397 crore over revised estimates of 2019-20.
Forget saving money! I’d invest using these 3 Warren Buffett tips
I think adopting a value investing strategy such as that used by Warren Buffett could be a better idea than having cash savings.
Another rate cut early March, stimulus package end-February?
KUALA LUMPUR: The expectation of a monetary policy adjustment, on top of a fiscal stimulus package, to boost Malaysia’s economy soon is getting higher.
Jet buyers back Boeing-Embraer deal as Airbus expands reach
SINGAPORE — Some of the world’s biggest aircraft buyers are urging the European Union to clear Boeing’s tie-up with Embraer, fearing Embraer’s commercial aviation business would struggle on its own now Airbus has swallowed its main competitor in regional jets.
RCom Q3 consolidated loss widens to Rs 10,598 cr, income slips to Rs 263 cr
The company had posted a loss of Rs 238 crore in the same period a year ago
German economy stagnates as eurozone growth reaches 7-year low
Germany, Europe’s largest economy, has recorded a zero growth between October and December, as manufacturing remained in a slump and exports fell.
Kresna goes about business as usual despite reports of problems related to Jiwasraya
The Financial Services Authority (OJK) has denied reports that investment management firm PT Kresna Asset Management (KAM) and life insurer PT Kresna Life are under investigation by the Attorney General’s Office (AGO).
German Economy Slumps, Exports Fall, Underlines Eurozone Woes
Growth ground to a halt at the end of the year in Germany, Europe´s largest economy, as manufacturing remained in a slump and exports fell.
3 of the best ASX dividend shares to buy next week
Why I think income investors should buy Telstra Corporation Ltd (ASX:TLS) and these ASX dividend shares next week
Not Time To Buy KLX Energy Services Holdings
Telling a story about a wealthy CEO and cyclicality is not enough to overcome facts on the ground.The entire oilfield sector faces real headwinds well into the future.Ongoing losses mean this company
Singapore woos world’s biggest money managers with new law
The law, known as the Variable Capital Companies Act, makes it easier for overseas and domestic entities to register funds in Singapore if they have a locally based fund manager.
GM Scrambles to Shield U.S. Plants From Virus Disruption
General Motors Co. is working to maintain the flow of parts to some of its most profitable U.S. plants to keep them from becoming the next factories idled by the coronavirus spreading in China.
Market LIVE: After SC AGR order on modification pleas by telcos, RIL, Airtel gain, Vodafone Idea falls
Share Market News Today | Sensex, Nifty, Share Prices LIVE: Bharti Airtel was the top gainer, up 3.54 per cent, followed by Bajaj-Auto, RIL and Sun Pharma. On the flip IndusInd Bank was the top loser.
An EU judge told Google it's landed on Monopoly's 'Go to Jail' square and reportedly threatened to increase its $2.6 billion antitrust fine, Business Insider - Business Insider Singapore
Business Insider - Google faced stinging criticism from an EU General Court judge as it fights a $2.6 billion antitrust fine first imposed in 2017.. Read more at businessinsider.sg
Fortis Q3 net loss narrows to Rs 69.32 cr on good show in hospital business
The third quarter of 2019-20 continues to witness earnings growth with margin expansion in the hospitals business
IHS Markit Teams to Use Credit Benchmark’s Credit Analytics Tools for its Securities Financing Platform
IHS Markit has confirmed that it has teamed up with Credit Benchmark in order to use the company’s credit risk analytics tools for its securities financing so
Calgary's housing market shows growing strength
The market is in better shape than you might think.The latest housing market update from the City of Calgary points to improving economic conditions that put Calgary’s housing market in balan…
Congressional Budget Office: Democratic paid leave bill would cost more than expected, leaving a shortfall
Democratic legislation to provide universal paid family and medical leave will wind up costing taxpayers more than expected, according to the Congressional Budget Office.
An EU judge told Google it’s landed on Monopoly’s ‘Go to Jail’ square and reportedly threatened to increase its $2.6 billion antitrust fine
Google’s legal battle with the EU over antitrust fines has just gotten fierce.
Consumer Sentiment Soars on Improved Optimism and Best Income Gains Since 1960
Consumer sentiment climbed again in early February, moving toward the highest level in 15 years. | Economy
Biggest jump in world defence spending in 10 years: study
Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases from the US and China, a study said Friday.
Export of services rises 11.6% to $20 bn in Dec; imports up 10.3%
Surplus in trade services stood at $7.45 billion for December
Suspended NMC Health vice chair resigns amid legal review
NMC Health announced today that vice chair Khalifa Butti Omeir Bin Yousef has resigned with immediate effect amid a legal review.
South African Rand Risks Fresh Depreciation Despite SONA's Positives
The British Pound Sterling vs the South African Rand: Latest GBP/ZAR News and Analysis
Mark Zuckerberg 'accepts' Facebook may have to pay more tax in Europe
Facebook boss Mark Zuckerberg says he recognises that tech giants may to have pay more tax in Europe in future and understands the "frustration".
Is professional investment advice worth the fees?
Determining the value of professional investment advice is a catch-22. While professional guidance has proven to boost returns over time, the cost of paying for it also eats away at those returns over time.
Germany unlikely to stoke stuttering eurozone coffers
Germany entered 2020 with a flatlining economy and manufacturers in distress, leaving it ill prepared for continued trade uncertainty and the new coronavirus threat.
LIC Housing Finance asks 14 developers to seek AIF funding
Experiencing growth in the sector, things will improve: MD
Premarket: European shares scale record even as coronavirus shows no signs of peaking
Hopes of government stimulus support shares globally
USD/CHF Price Analysis: Greenback off fresh 2020 highs, trades above 0.9800 figure
USD/CHF is easing after hitting new 2020 highs this Friday. The quote is trading below the 100/200-day simple moving averages suggesting an overall bearish bia
Irdai concerned over rising hospital tariffs, plans to standardise charges
"We plan to introduce a system in which people will have the liberty to choose their TPAs," Irdai member said
SpiceJet gets ‘interim offer’ from Boeing
Claims ₹537 cr. citing grounded craft
Smartlands Looks to Lichtenstein Law for Blockchain based Services, Targets HNWs
Smartlands, a blockchain based Fintech that lays claim to tokenizing the first real estate offering in the UK, says it will revise and expand its legal framewor
The Daily Chase: Rail blockade fallout continues; Canopy rallies as revenue surges
CN said yesterday it has begun an “orderly shutdown” of its network in Eastern Canada, which forced Via Rail to halt service on all but two of its routes across the country as blockades continue to impede rail traffic.
Vodafone's India operation on brink of bankruptcy after court ruling
India's Supreme Court has rejected an application to delay the payment of billions of dollars in backdated taxes and penalties that bankrupt Vodafone Idea.
ETF Deathwatch For January 2020
The ETF Deathwatch list decreased in size in January. Ten exchange-traded products were added to the list, and 23 funds were removed.The funds added in January were a mix of actively managed, internat
WanaArtha Life’s securities accounts blocked by AGO in Jiwasraya trickle down effect
WanaArtha Life assured its policyholders that the policy benefits in the insurer were safe and that it was trying to handle the situation with the AGO, OJK and other relevant authorities.
3 Reasons Why DexCom's Q4 Update Delighted Investors
The medical-device maker delivered good news across the board for the quarter.
STR: U.S. hotel construction up 6.8% in January
HENDERSONVILLE, TENNESSEE - STR's hotel pipeline data for the U.S. showed 1,615 projects accounting for 208,807 rooms in construction as of the end of January 2020. This represented a 6.8% year-over-year increase in the number of rooms in the final phase of the development pipeline. “The industry is now up to more than 208,000 rooms in construction, which is as close as the country has come to the prior end-of-month peak of 211,700 in December 2007,” said Bobby Bowers, STR’s senior
Politico: Zuckerberg accepts Facebook may pay more tax in different places
MUNICH, Feb 14 — Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday. Cross-border tax rules are set to be...
Dip In TrustCo Bank's Price Provides Opportunity
Earnings are expected to be unchanged in 2020 due to flat growth in net-interest income. Further, increase in non-interest income is likely to be countered by provisions charge.Quarterly dividend is e
EUR/JPY challenges 119.00 ahead of US data
The persistent soft tone surrounding thje European currency in combination with the stead pace in the Japanese safe haven are forcing EUR/JPY to trade
US: Consequences of a move to the far left – Rabobank
Philip Marey, a US strategist at Rabobank, take a look at the campaign promises made by Bernie Sanders, at present the strongest candidate from the fa
Best-ever January for housing market as mortgages, house sales skyrocket
Turkish house sales jumped 55.8% year-on-year in January, the best-ever start to the year for the housing market, according to a national statistical body...
Poland: No hurry to raise interest rates – ABN Amro
Economists at ABN Amro analyze the outlook for the Polish economy in 2020, which is expected to grow at a slower pace. EUR/PLN is dealt at 4.2426 as h
The Interview That Should Terrify Owners of Freeport-McMoRan Stock
Freeport-McMoran stock works on paper. But higher cash flow will go to a management team that's already destroyed billions in value.
Ringgit lower against US dollar in early trade
KUALA LUMPUR: The ringgit opened lower against the US dollar in early trade today on weak buying interest due to weaker-than-expected fourth-quarter 2019 gross domestic product (GDP) results.
Software Maker Toast Raises Funds at $4.9 Billion Valuation
Toast Inc., which makes point-of-sale technology for restaurants, raised $400 million at a $4.9 billion valuation in a fundraising round led by investors including Bessemer Venture Partners and TPG.
US retail sales up a modest 0.3% in January
WASHINGTON — U.S. retail sales rose a modest 0.3% in January, a slight improvement over December, as unseasonably warm weather boosted sales at hardware stores and furniture stores.
Profits at River Island’s Irish arm rise 53%
Revenue declines by 15%
Renault reports first net losses in decade for 2019
Renault also took a hit from a decline in the financial contribution of a likewise struggling Nissan
Government willing to do more beyond Budget to boost growth: Finance Minister Nirmala Sitharaman
The finance minister had similar interactive sessions in Mumbai, Chennai and Kolkata last week.
ONGC Q3 net halves on fall in oil, gas prices, output
State-owned Oil and Natural Gas Corp (ONGC) on Friday reported halving of its December quarter net profit after it faced the double whammy of falling oil and gas prices and a drop in production. Standalone net profit in October-December at Rs 4,152
Royal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
From March 2021, pharma firms marketing drugs will be held responsible for their quality
Currently, only the manufacturers are held liable under the Drugs and Cosmetics Act
Breaking: Lagos closes 16 companies over N126.19m tax evasion
The Lagos State Internal Revenue Service(LIRS) on Friday announced that it had closed 16 companies in the state over alleged failure to
DMart share sale sees 3 times subscription, investors bid for 45 mn shares
The stock fell 5.6 per cent to end at Rs 2,401 in secondary market trade. A further 1.5 million shares meant for retail investors will be auctioned on Monday.
African Development Bank says World Bank chief’s criticism ‘misleading’
The African Development Bank on Thursday pushed back against World Bank President David Malpass’ comments that it and.”
USD/CAD drops below 1.3250 as WTI rebounds above $52
The USD/CAD pair continues to react to crude oil's performance in the absence of significant macroeconomic data releases on Friday. As of writing, the
Europe wants G20 to make taxing digital giants top priority this year
BRUSSELS (Reuters) - Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), a document showed.
Rupee settles 6 paise lower at 71.37 against US dollar
On a weekly basis, the rupee has gained 3 paise.
Miami and Atlanta are more vulnerable to aftershocks from WeWork’s woes than cities like New York and San Francisco
Cities most vulnerable to a pullback in the office-share craze sparked by the rise of WeWork aren’t New York and San Francisco, according to a new DBRS...
The Reserve Bank of India can’t counter food inflation without factoring in extreme weather events
What’s behind the rising price of onions in every alternate year since 2013? Climate change.
Exports decline 1.7% in January, trade deficit widens to $15 billion
During the first 10 months of the current fiscal, while exports contracted 1.9%, imports shrank 8.1%.Of the 30 major items in India’s export and import baskets, 21 export items and 17 imported goods fell
Shares step back as hopes of early end to coronavirus fade
Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices ...
Singapore PM says recession possible due to coronavirus outbreak
SINGAPORE — Singapore’s economy could enter recession due to the blow from the coronavirus outbreak, its prime minister said on Friday, adding that the city-state was bracing for a “significant” hit in the coming quarters.
AutoNation - 2020 Is Shaping Up To Be A Good Year
AutoNation not only easily beat Q4/2019 earnings expectations, but was able to report strength across the board.The company saw higher margins, strong same-store sales and expects this to continue due
CBDT notifies forms for firms to avail lower corporate taxes
The income tax (I-T) department has notified forms for companies to avail the reduced corporate tax rates that were announced in September last year. The Central Board of Direct Taxes (CBDT) has
Brexit investments paying off for UK mining companies
UK mining sector earnings have increased by over £2bn since the UK voted to leave the EU in June 2016, according to analysis of the latest ONS figures.
AfDB refutes World Bank President’s remarks on Africa’s debt profile
The AfDB responds to World Bank President's David Malpass recent remarks about multilateral development banks contributing to Africa’s debt profile.
Coronavirus: India Inc will shiver if China can't contain outbreak
Efforts to contain the coronavirus outbreak within next three to four months will be critical as it would determine the fate of many industries around the globe, including in India.
Treasury Market Flashes New Warning As Real Yields Go Negative
Real yields for key maturities in inflation-indexed government bonds (TIPS) have slipped into negative terrain lately.It comes as no surprise to learn that the 10-year TIPS rate is plumbing depths bel
Nissan shares tumble to ten-and-a-half year low after earnings rout; Renault also suffers
TOKYO (Reuters) - Shares of Nissan Motor Co sank to their lowest in more than a decade on Friday, after deep cuts to the troubled Japanese automaker’s earnings forecast and dividend raised questions about its future profitability.
Motorists to pay more for fuel
Super petrol and diesel prices go up Sh2.67 and Sh2.13 respectively.
Sarb moves to sell stake in African Bank
Sarb sees the disposal process being completed within 18–24 months after a suitable buyer is identified.
Taiwan’s Foxconn Technology and Yulon to develop electric cars together
Apple supplier owns 51% of new unnamed joint venture
More people failed to pay property taxes in 2019: City of Regina
“The numbers are a little bit different from last year, a little bit higher.”
Nigeria has potential to feed Africa’s 1.2 billion people — Ecobank
Ecobank says Nigeria has the capacity to feed Africa’s estimated 1.2 billion people if it harnesses the gains of the agricultural value...
Samsung's jailed board chairman quits
SEOUL (Reuters) - Samsung Electronics’ (005930.KS) board Chairman Lee Sang-hoon, who was convicted and jailed for sabotaging union activities, has resigned from the South Korean company, it said on Friday.
Supreme Court orders Indian telcos to pay US$13b or face action
NEW DELHI, Feb 14 — India’s Supreme Court today ordered top telecom companies to pay US$13 billion (RM53.8 billion) in unpaid spectrum and licensing fees by March 17 or face punishment in a fresh blow to ailing mobile carriers. Shares in Vodafone Idea, which said it would be hardest hit by the...
HubSpot: A Growth Stock For The Long Term
Shares of HubSpot rocketed up more than ~7% after the company reported Q4 results and released FY20 guidance.The company is also projecting continued strong ~25% y/y revenue growth in FY20.Perhaps mor
Tesla prices its second offering of stock at $767 apiece
Tesla priced its second offering of stock at $767 apiece Friday.
Yamana Gold: Digging Into The FY-2019 Report
Yamana Gold reported FY-2019 production results, meeting both cost and annual production guidance, and is expecting similar operating metrics for FY-2020.The company raised its dividend yet again last
Misguided Attempts To Improve The Housing Situation
Today there have been calls to rehash the capital gains tax argument and restrict the ability for rental property owners to borrow funds. These are misguided calls.
The secret to finding the best ASX shares – breaking all the rules
Let's look at David Gardner’s six rule breaker traits and see how they apply to the best ASX growth shares like CSL Limited (ASX:CSL).
Exxon Mobil: A Great American Company With A 5.66% Dividend Worth Investing In
Exxon Mobil has increased its dividend for 37 consecutive years and with yields closing in on 6% it is an income lover's dream.Exxon Mobil is positioning itself for the future as its recoverable resou
Basf (ETR:BAS) Given a €68.00 Price Target at UBS Group
UBS Group set a €68.00 ($79.07) target price on Basf (ETR:BAS) in a report published on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the basic materials company’s stock. BAS has been the topic of a number of other research reports. Credit Suisse Group set a €66.50 ($77.33) price objective […]
Open to tweaking Budget to address concerns of the industry, says FM
Finance ministry to come out with detailed rules on Vivad Se Vishwas Bill in a couple of days
GBP/USD: Spending will not alleviate Brexit pressure – Rabobank
The cable gained some traction yesterday following the resignation of the Chancellor Sajid Javid, but analysts at Rabobank are still seeing hurdles in
Lonestar Resources: Likely To Be Overwhelmed By Debt Burden And Interest Costs
Lonestar is capable of maintaining production in 2020 while generating a bit of positive cash flow. Its high interest costs prevent it from being able to scale up more though. With debt at 3.9x unhedg
Do Not Sell AT&T After The Share Price Rally
In view of the price increases, investors wonder whether AT&T is now overvalued.This question can be approached from different perspectives and the answer depends, as always, on personal strategy.And
4 ASX shares to watch in week 3 of reporting season
Here are 4 great ASX shares to watch during the busiest week of February's ASX reporting season.
Reuters: Oil prices stabilize, set for weekly gain on hopes for supply cut
The Organization of the Petroleum Exporting Countries and its allied producers are considering cutting output by up to 2.3 million barrels per day.
This 6% Yield Is Not Fat, It Is Just A Little Husky
Husky Energy has delivered one of the worst returns among the Canadian large cap energy space.At the core of the issue is the fat capex which prevent meaningful free cash flow generation.We examine th
Facebook’s Zuckerberg wants ‘new framework’ for digital tax
Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants...
US Dollar Index Price Analysis: DXY grinds to fresh 2020 highs, challenges 99.20 resistance
The US dollar index (DXY) is trading near its highest since October while trading well above its main daily simple moving averages (SMAs). DXY is spiking to t
NY Fed's GDP Nowcast drops to 1.4% for first quarter of 2020 from 1.7%
The US economy is expected to expand by 1.4% in the first quarter of 2020, the Federal Reserve Bank of New York's latest Nowcasting Report showed. "Ne
Falling Oil Prices An Economic Warning Sign
Global demand has already been falling for the last several months, and oil prices are sending warnings that market hopes for a global reflation are likely not a reality.Falling gasoline prices have h
RBS to rebrand as Natwest as bank posts £4.2bn profit under new boss Alison Rose
Royal Bank of Scotland reported profit of £4.2bn for 2019 today, beating predictions as new boss Alison Rose outlined a rebrand of the bank as Natwest.
On heels of quarterly loss, Nissan again slashes full-year outlook amid economic uncertainties
After posting only its first third quarterly loss in 11 years, Nissan Motor Co. on Thursday again cut its annual profit forecast due to weak demand and eco
Mark Carney sees silver lining in Brexit hit to economy
Mark Carney has said there may be a silver lining to Brexit and welcomes the Prime Minister's plans to address weak productivity.
Russian oil firms favor extending than deepening output cuts - S&P Global Platts
Citing the Chiefs of Russia’s oil giants, S&P Global Platts reports that a majority of the Russian oil companies back the case for oil output cut exte
Income and Growth Investors Will Benefit as CVS Adopts Managed Care
CVS stock should attract both income and growth investors as it leads the trend of managed care against competitor UnitedHealth.
CBDT notifies forms for firms to avail lower corporate taxes
The move comes after the government had slashed corporate tax rate last year in September as a measure to boost economic activity. The base corporate tax for existing companies was brought down to 22% from the current 30% while for new manufacturing firms, the tax was reduced to 15 per cent from the current 25 per cent.
Biggest jump in world defence spending in 10 years: study
Global spending on defence rose by four percent in 2019, the largest growth in 10 years, led by big increases from the US and China, a study said Friday.
Kraft Heinz downgraded to junk status by Fitch Ratings
Food firm ends up with massive debt load due to deals and jeopardised credit ratings
Tennessee Republicans worry women will go on tampon-buying frenzy
During an annual three-day holiday, shoppers are allowed to buy computers and clothing tax-free, but a proposal to include tampons has gotten pushbackWomen can’t be trusted around tax-free tampons. If you cut the price of menstrual products they’re bound to go tampon-mad and buy boxes of the stuff, just
Canopy Growth shares surge after reporting smaller-than-expected loss
To pacify investors impatient for profits, Canopy and its rivals started the year by announcing a wide range of cost reductions
These were the worst performing ASX 200 shares last week
The Blackmores Limited (ASX:BKL) share price was among the worst performers on the ASX 200 last week…
The numbers that could reward the RBA's optimism
Upbeat company profit results, better readings from consumers and another record sharemarket high are backing the Reserve Bank's optimistic view on the economy.
SpiceJet reports 21% rise in Q3 profit to ₹78 crore
If the airline had not recognized such ‘other income’, it would have reported a loss of ₹173.19 crore.Expenses at the airline increased by about 56% from a year ago to about ₹3,848.61 crore in Q3
7 Micro-Cap Stocks That Could Double
Hidden micro-cap gems are hard to find, unless investors screen for value and strong revenue growth.
Friday’s Insider Report: Chairman invests $1.2-million in this stock yielding nearly 5%
A look at recent notable transactions
Opinion: How Justin Trudeau can turn a lose-lose Teck decision into a delicate victory
By approving the Teck Frontier oil sands mine under the greenhouse-gas vows that Alberta Premier Jason Kenney has laid out, Mr. Trudeau can use the free market to wiggle his way out from between a rock and a hard place
Lakshmi Vilas Bank needs up to ₹2,000 cr. to stay afloat: CEO
Third quarter results kindle hope of raising funds, he says
S&P affirms India's rating at 'BBB-' with stable outlook
Fiscal deficits have exceeded the government's plan, S&P said, adding it expects limited consolidation over the next few years.
CGS-CIMB launches online trading platform for retail investors
With the launch of an online trading platform, PT CGS-CIMB Sekuritas Indonesia hopes to get more individuals to invest in Indonesia's stock market.
Enbridge raises bets on U.S. Gulf Coast LNG, reports higher Q4 earnings
Calgary-based Enbridge Inc. is raising its bets on the growing liquefied natural gas export sector on the U.S. Gulf Coast by buying the pipeline that would supply the proposed Rio Grande LNG export facility.
MAX 737: SpiceJet considering Boeing compensation offer for grounded planes
The no-frills carrier has been impacted by the grounding of its 13 Boeing 737 MAX planes since March last year as it is incurring various costs related to the aircraft
Some Potential Swaps To Consider (If You Own The Sell Fund)
RVI to OPP, MMT to EHI, CIK to DHY, FLC/PSF to FPF, DSL to DBL, EFR to BSL, BLW to VLT.The buy candidate is not necessarily a buy on its own but it's cheaper and we think better to own here than the s
Analyzing Piper Sandler Companies (PIPR) & Its Competitors
Piper Sandler Companies (NYSE: PIPR) is one of 36 publicly-traded companies in the “Security brokers & dealers” industry, but how does it contrast to its competitors? We will compare Piper Sandler Companies to similar companies based on the strength of its dividends, institutional ownership, analyst recommendations, profitability, earnings, valuation and risk. Profitability This table compares […]
Hong Kong stocks end week higher as virus deaths fall
Hong Kong stocks edged up on Friday, as the daily death and infection tolls in the epicentre of the coronavirus outbreak returned to lower levels, following a dramatic spike the previous day. At the
Sun TV Q3 PBT drops by 8.12% at Rs 498.46 crore; revenue grows marginally
The subscription revenues for the quarter was up by 18 per cent to Rs 411.85 crore from Rs 349.60 crore for the corresponding quarter ended December 31, 2018
Ramaphosa unveils overhaul of South African energy industry
The government will invite private companies to submit bids to supply additional renewable energy to the grid.
Vellore entrepreneurs welcome capital subsidy increase
The Vellore District Micro and Small Entrepreneurs Association (VDMSEA) has welcomed the budget proposal for an increase in subsidy for investments in MSMEs. In a press release issued here, VDMSEA pre
River Island’s Irish profits jump more than 50%
Gordon Deegan Pre-tax profits at the Irish arm of fashion retailer River Island increased by 53% to €4.89m in 2018, newly-filed accounts show.
RBI’s lending push amid inflation to crimp fixed deposit (FD) returns
Soon after the RBI monetary policy review earlier this month, banks dropped their fixed deposit rates. Mint explains the implications of the RBI action
Renault reports first net losses in decade for 2019
French carmaker Renault said Friday it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan.
Boeing to extend labor contract with engineer's union by four years
(Reuters) - U.S. planemaker Boeing Co (BA.N) said it has agreed to a tentative deal with its engineers’ union to extend its labor contract by another four years.
Renault plans US$2.2b ‘no taboos’ cost cuts after first loss in a decade
PARIS, Feb 14 — Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by €2 billion (RM9.1 billion) over the next three years from the carmaker today, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take...
Lakshmi Vilas Bank posts ₹334-cr loss in Q3
Our Bureau Private sector lender Lakshmi Vilas Bank (LVB) posted a net loss of ₹334 crore in the third quarter of FY20 when compared to the ₹373-crore net loss recorded in the same period the previous
Minister: Malaysia to cut red tapes, streamline investment process
KUALA LUMPUR, Feb 14 — Malaysia will be undertaking extensive reforms of the investment process to improve the ease of doing business for both foreign and domestic investors, the Ministry of International Trade and Industry (MITI) said. “Investors can expect red tape to be cut, bureaucracy to...
Reliance Retail fastest growing globally: Deloitte
Mukesh Ambani-led Reliance Retail has topped the list of ‘50 Fastest-growing retailers globally between FY2013-2018’ in the Deloitte’s Global Powers of Retailing 2020 index. The Indian retailer had r
2 top ASX dividend shares to buy and hold for the next decade
Here's why you can't go past these two top ASX dividend shares as long-term investments over the next decade.
TN budget 2020-21 highlights: State's economy was strong despite global slowdown, says OPS
Tamil Nadu achieved growth of 8.1 per cent in 2018-19, says Deputy Chief Minister O Paneerselvam in his state budget speech.
TSMC becomes first Taiwan individual stock added to Global Islamic Indexes
Taiwan’s semiconductor manufacturing giant expects more business opportunities from Middle East
Chips are down as Toshiba logs ¥145.63 billion loss for April-December
Toshiba Corp. said Friday it posted a group net loss of ¥145.63 billion ($1.32 billion) in the April-December period due to the sluggish performance of its
Belarus to Russia: We'll siphon off your transit oil to Europe if necessary
MINSK — Belarus threatened to siphon off oil from Russia’s transit pipeline to Europe unless Moscow restarted crude supplies and accused the Kremlin on Friday of using energy prices as leverage to try to swallow up its former Soviet neighbor.
4 signs it's time to switch banks
If you've been with your bank since you were born and never considered switching, it may be time to take a look at your options.
Experienced interim moves to new challenged trust
A struggling hospital trust has appointed an experienced interim chief executive for the coming financial year.
World Bank questions Uganda’s growth with no jobs
Kampala, Uganda | THE INDEPENDENT | The World Bank has said Uganda should ask hard questions on why the country is growing but not creating enough jobs and people incomes remain stagnant. In the Economic update for Uganda launched on Thursday, the international lender said Uganda’s level of per capita income – that is money …
United Bancorporation Of Alabama: Annual Update On Alabama's Southern Banking Belle
United Bancorporation of Alabama has exceeded most of our expectations over the last two years. The company's operating performance has benefited from some nonrecurring items, especially awards relate
Goods exports dip 1.6% to $25.97 b in Jan; trade deficit at $15.17 billion
Coronavirus outbreak, persisting protectionism add to exporters’ woes
Sical Logistics posts Q3 loss of ₹48 crore
Sical Logistics Ltd. an integrated logistics provider and unit of the Coffee Day group, has posted a net loss of ₹48.28 crore for the third quarter ended December 2019 against a profit of ₹7.96 crore
Procurement, Digital Banking See VC Funding Rounds
This week's B2B funding focused on Software-as-a-Service (SaaS), cash flow amid streamlining payments and supply chain visibility, as well as digital banking.
FTSE 100 ends week lower after week AstraZeneca, RBS results
UK blue-chip shares fell for a second day on Friday after AstraZeneca and RBS reported underwhelming results, while investors remained unsettled because of concerns over the impact of the coronavirus outbreak on the global economy.
"Oversold" Pound Sterling finds Buying Interest
It was a sea of green for the British Pound on the global currency performance board at the start of the new week as it rallied against the majority of its peers and confirmed that while there is much anxiety over looming trade negotiations
Statement at the Conclusion of the IMF Mission to Pakistan 2020
An International Monetary Fund (IMF) Mission led by Ernesto Ramirez Rigo visited Islamabad during February 03-13, 2020 to initiate discussions on the second review of the authorities’ economic reform program supported under the Extended Fund Facility (EFF) arrangement. At the conclusion of the visit, Ramirez Rigo made the following statement released on February 14: “The IMF staff team had constructive and productive discussions with the Pakistani authorities and commended them on the considerable progress made during the last few months in advancing reforms and continuing with sound economic policies. The mission and the authorities made significant progress in the discussions on policies and reforms. In the coming days progress will continue to pave the way for the IMF Executive Board’s consideration of the review. “The macroeconomic outlook remains broadly as expected at the time of the first review. Economic activity has stabilized and remains on the path of gradual recovery. The current account deficit has…
Japan: GDP to have turned negative – Standard Chartered
Japan is scheduled to release preliminary Q4 GDP data on 17 February, trade data for January and core machine orders for December on 19 February and C
ESG ETFs Help Investors Avoid Exposure To Some Headline Risks
ETFs that incorporate environmental, social and governance (ESG) principles provide investors with a diversified core portfolio position that is capable of avoiding some risk-off events due to the und
Investors Continue To Look Past The Coronavirus
Tokyo was a notable exception in the Asia Pacific region, as the other major equity markets, like in Hong Kong, China, Taiwan, South Korea, and Australia, advanced. The MSCI Asia Pacific Index rose fo
AT&T: When The Market Crashes
AT&T's 5.5% dividend yield is compelling, and the payments keep growing, but what happens when the market crashes?This article reviews the health of the business, valuation, risks, dividend safety, an
'Open to Tweaking Inside And Outside Budget For Economic Growth', Says Nirmala Sitharaman
The government had announced a host of steps in the Union Budget, presented on February 1 in Parliament
CPP Investment Board posts 3.6 per cent rate of return for its third quarter
The Canada Pension Plan Investment Board says it earned a return of 3.6 per cent during its most recent quarter, after expenses.
EUR/USD: Extending losses
US consumer data will be the main focus today following disappointing German economy data, Yohay Elam from FXStreet reports. The EUR/USD pair is tradi
Vodafone faces potential collapse after SC orders telecom firms to pay Rs 1.47 lakh crore in a month
Shares of Vodafone Idea tanked on Friday following the Supreme Court verdict. It plunged 16.67% to Rs 3.75 around 2.30 pm.
Royal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
GSA and NIC hold sensitisation forum on Cargo Insurance Draft Protocol
news, story, article
TRB Ventures targets over RM8bil in property deals this year
KUALA LUMPUR: TRB Ventures Sdn Bhd is targeting over 50 per cent increase in new property sales to 21,000 units worth over RM8 billion this year via its property marketplace platform, MHub.
Petrol, diesel prices up
KUALA LUMPUR, Feb 14 — The retail prices of RON97 and RON95 petrol will be higher by two sen per litre, at RM2.36 and RM2.06, respectively, for the week beginning midnight tonight up to Feb 21. A Finance Ministry statement said the price of diesel will be higher by six sen per litre,...
Proposed $3.3bn external borrowing is to finance 2020 budget, Eurobond ― DMO
By Elizabeth Adegbesan The Debt Management Office (DMO) has clarified that the proposed $3.3 billion external borrowings is meant to finance part of the 2020 budget deficit of N2.18 trillion and refinance the federal government’s Eurobond maturing in January 2021. The DMO disclosed this yesterday in a press statement released on its website. In DecemberRead More
FIRS boss, Nami discloses why FIRS failed to meet revenue target under Fowler
The reasons why the FIRS failed to attain its tax revenue projections under former Executive Chairman, Babatunde Fowler, has been disclosed.
Corruption and mismanagement to blame for SA poor economy - Cosatu
Reacting to President Cyril Ramaphosa's SONA, Cosatu warned the government not to outsource its developmental obligations to the private sector.
Withdraw income tax on overseas tours, travel agents petition PM Modi
The government introduced five per cent TCS on overseas tour packages with an aim to plug revenue leakag
More risk capital and a strong corporate governance code, key to India's GDP growth: Uday Kotak
Indias aspirational growth of 6-7% depends on risk capital and strong corporate governance code, Kotak said.
CPP Investment Board posts 3.6 per cent rate of return for its third quarter
TORONTO — The Canada Pension Plan Investment Board says it earned a return of 3.6 per cent during its most recent quarter, after expenses. Net assets for the Toronto-based fund manager grew to $420.4 billion as of Dec. 31, up from $409.
Renault reports first net losses in a decade for 2019 on lower sales
Renault said in a statement it suffered net losses of 141 million euros ($152 million)
Why fund management companies are surging on the ASX
Investing in fund management companies is back in favour after a year of uncertainty. Now the money managers are in the money.
Mark Zuckerberg to voice support for global tax on tech giants
Facebook CEO Mark Zuckerberg is to offer public support for international tax reform which would see technology giants pay more tax in Europe.
India’s Top Court Rebukes Telcos for Default of Dues to Govt
New Delhi (Sputnik): Last year, Vodafone’s global CEO Nick Read said the company’s future in India was in doubt following a court ruling in a tax dispute with the government.
Aviation finance sector looking vulnerable
High aircraft values and low lease-rate factors which do not reflect the commercial and operating risks facing airlines leave the aviation finance industry in a vulnerable state in 2020, says Scope Ratings. Scope expects little change to lease-rate factors in the first half of the year. The slowdown in the global economy will rub off on the aviation industry. More airline defaults and further consolidation are likely in 2020, though stability in oil prices will help the industry keep costs under
Tobacco farmers worry over proposed hike in National Calamity Contingent Duty
‘Move will pave the way for smuggling of illegal cigarettes into the country’
USD/CHF retakes 0.9800 mark, 1-1/2 month tops
The USD/CHF pair climbed to 1-1/2 month tops during the early European session on Friday and was now seen extending the momentum further beyond the 0.
IEA sees first drop in global oil demand
Global oil demand will drop this quarter for the first time in more than a decade as the coronavirus batters China's economy, the International Energy Agency said. The new estimates show that oil markets face a significant surplus despite the latest production cuts by OPEC and its partners. Crude already sank to a one-year low below $50 a barrel last week, and the impact of the epidemic will be felt throughout the year, the agency said. "Demand has been hit hard by the novel coronavirus and the widespread shutdown of China's economy," the Paris-based IEA said. "The crisis is ongoing and at this stage it is hard to be precise about the impact.
Pluralsight: Playing The Value Game
Shares of Pluralsight plummeted nearly 10% after reporting fourth-quarter results, despite beating Wall Street estimates on the top and bottom line.Investors mulled an in-line revenue guidance for FY2
German economy flatlines as eurozone growth hits seven-year low
Germany's economy is stagnating as a slowdown in spending and exports wiped out growth in the fourth quarter of 2019 with GDP unchanged.
Santa Barbara Airport Gets Record Passengers for 2019
The airlines serving Santa Barbara Airport (SBA) have completed their passenger reporting for 2019 and confirm that the Airport has broken all-time records for passenger traffic for calendar year 2019. Still, the Airport’s numbers would have been even higher – exceeding one million passengers – if the Airport had not been closed for 18 hours on August 25, 2019 after a private C-130 aircraft crashed on the main runway, cancelling all flights.
Exports contract for sixth straight month, trade deficit shoots up
While imports contracted by 0.7 per cent, the rate of fall was significantly lower than the 8.9 per cent contraction in inbound trade seen in December
Enterprise Ireland ranked second globally for VC deal count
State agency backed 200 early-stage companies last year with about 1,500 in its portfolio
Dividend Growth Or Higher Yields, You Choose
If you're blinded by a high yield, FRT may not be for you. FRT offers a strong balance sheet, consistent dividend growth, and great management.REG trades a lower multiple of FFO than investors would e
Renault sales and earnings drop in tough market
France's Renault saw its sales and earnings drop last year and says 2020 will be tough due to the need for investment in new technologies just as the market is shrinking.
Edelweiss Q3 profit drops 93% to Rs 17 crore; debt-to-equity ratio improves
Consolidated expenditure of the company increased to Rs 2,598.06 crore in Q3FY20 over Rs 2,439.14 crore in Q3FY19.
Dating apps see exponential growth over past eight years
With romance in the air this Valentine's Day, dating apps like Tinder are racking up huge numbers. We take a closer look. But first, Chinese tech giant Huawei is targeted with a new indictment in the…
Compass Group (LON:CPG) Price Target Raised to GBX 1,800
Compass Group (LON:CPG) had its price objective lifted by Goldman Sachs Group from GBX 1,700 ($22.36) to GBX 1,800 ($23.68) in a research report released on Monday, Stock Target Advisor reports. They currently have a sell rating on the stock. A number of other research firms also recently weighed in on CPG. UBS Group reaffirmed […]
Ag markets turn mostly lower Friday
Investors could remain on the sidelines until the March Prospective Planting Report, one analyst says.
Forex reserves soar to record $473 b
India’s foreign exchange reserves rose by $1.701 billion to a lifetime high of $473 billion in the week to February 7 on account of the increase in foreign currency assets, according to RBI data. In t
33 per cent of us have ended, or would end a relationship because of a partner's debt: Survey
The number one financial reason cited for ending a relationship is a lack of financial honesty, such as hidden debt or purchases
German Economy Grows at Weakest Pace Since Crisis as Coronavirus Hit Looms
Pound Sterling (GBP) Live: Outlook Forecasts and Latest News presented in rolling live format
S&P 500, Dow little changed amid Covid-19 worries; Nvidia forecast buoys Nasdaq
NEW YORK, Feb 14 — The S&P 500 and the Dow barely moved today, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment...
Zambia banks reap record profits from government debt
Stanbic posted a profit before tax and costs of 1.72bn kwacha last year.
EUR/CHF: SNB does not find love in prices – Rabobank
The Swiss National Bank (SNB) has the mandate to maintain CPI inflation near 2% on a yearly basis but is currently running at just 0.2%. CHF’s strengt
Motorists to pay more for petrol, diesel as import bill rises
NAIROBI, Kenya, Feb 14- Motorists will from mid-night pay more for super petrol after the energy watchdog hiked the price of the commodity by Sh2.67 to Kenya breaking news | Kenya news today |
CREA reports home sales up 11.5 per cent compared with a year earlier
OTTAWA — The Canadian Real Estate Association says home sales rose 11.5 per cent in January compared with a year earlier to reach the highest sales figures for the month in 12 years, even as new listings remain constrained.
SC orders telcos to clear dues by March 17, threatens contempt
The court, which had asked companies including Vodafone Idea and Bharti Airtel to pay 920 billion Indian rupees ($12.89 billion) in overdue levies and interest by Jan. 23, had rejected petitions seeking a review of its order last month
Rupee slips 2 paise to 71.33 against US dollar in early trade
The rupee had settled at 71.31 against the US dollar on Thursday.
7 U.S. Stocks to Buy on Coronavirus Weakness
As bad it is, the coronavirus is a short-term problem. It will pass, and when it does, these beaten-up stocks will rebound in a big way.
6 Tax Deductions You Can Claim Without Itemizing
You don't need to itemize to reap these lucrative tax breaks.
DMart OFS: Non-retail quota subscribed 3.4 times
Radhakishan Damani and other promoters of Avenue Supermarts would be selling 2.28 per cent stake or 1.5 crore shares of the company in a Rs 3,500-crore deal.
Pound-Australian Dollar Exchange Rate Forecast to Remain Supported
The British Pound has advanced 0.60% against the Australian Dollar over the course of the past week in line with the broader push higher by Sterling, that leaves it the top performing major currency for the week ending February 14
Glencore secures five-year deal to supply cobalt to Samsung SDI
(This Feb. 10 story corrects to change title of initiative in paragraph 6)
Day Trading Guide for February 14, 2020
Given below are supports and resistances for Nifty 50 futures and seven key stocks that can help in your intra-day trading:₹1241 • HDFC BankS1S2R1R2COMMENT1227121312551270Fresh short positions can be
Shree Cement's Dec-quarter pre-tax profit up 2.8% at Rs 409 crore
PBT in Q3 of the last fiscal year stood at Rs 398.5 crore
India's curbs on Malaysian palm imports disrupts global edible oil trade
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
Zuckerberg accepts Facebook may pay more tax outside U.S. - Politico
MUNICH — Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes outside of the United States, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Analyzing The Safety Of Goodyear's 5.4% Yielding Dividend
Goodyear Tire & Rubber has had a tough year with earnings contracting, and shares losing roughly half of their value.The company's dividend now yields 5.4% and is currently viable despite the near-ter
The IRS won't ask you to report 'Fortnite' V-Bucks on tax returns
The agency's overall approach to in-game currency isn't clear, though.
GTBank, Zenith, Access, First bank, UBA get some Love on Valentine’s Day
Love is in the air and Nigerian bank users have spoken. ‘Who is the love of your life? Who is your crush? Your side boo? Your worst ex? Who will you break up with?’ Here at Ciuci Consulting, our annual banking report – What Retail Banking Customers Want for 2020 has started on a ‘love note’ with the #BankLoveChallenge.
Rouble rate is important factor in Russia's position on OPEC+ deal – Reuters
Russian oil companies are worried about the risk of a higher rouble rate due to the planned sales of Sberbank, Reuters reported on Friday, citing a so
Hong Kong unveils cash handouts as virus deepens economic woes
Hong Kong leader Carrie Lam says the government will dip into its financial reserves – some of the world's healthiest – to give cash subsidies to sectors hit hardest by the crisis
Asian market helps Manulife and Sun Life in latest quarters
Both companies have offices in Waterloo Region
Shore Capital Reaffirms Buy Rating for Frontier Developments (LON:FDEV)
Shore Capital restated their buy rating on shares of Frontier Developments (LON:FDEV) in a research note published on Tuesday, Digital Look reports. Other analysts also recently issued research reports about the stock. Citigroup reissued a buy rating on shares of Frontier Developments in a report on Tuesday. Berenberg Bank reissued a buy rating and set […]
Biz EOD: No relief for telcos in AGR row; WPI inflation worst in 8 months; CCI defends probe against Amazon
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
German economy stagnates as eurozone records weakest growth in seven years
Germany and the eurozone also face the possibility of disrupted trade with Britain, which left the EU on January 31
7 Stock Market Sweethearts You'll Want to Call Your Own
It's easy to adore these great businesses.
3 Big Stock Charts for Friday: Dollar General, IPG Photonics, and American Eagle
In this market, winners have run and losers have stayed stuck. These big stock charts focus on three names in between.
Lumber Is Quietly Rising
Lumber has not followed crude oil and copper.An industrial commodity for construction.Rates in the U.S. favor new home building.Levels to watch in the lumber futures market.The futures are dangerous;
Standard Life Aberdeen boss Keith Skeoch confirmed as new chair of Investment Association
Standard Life Aberdeen chief executive Keith Skeoch has been appointed as the new chairman of the Investment Association (IA), whose members manage some £7.7 trillion of assets.
Retirement Advisor: Paying For Your Parents' Retirement (Podcast)
A new survey by AgeUp finds that people don’t know much about their parents’ finances and are worried they may have to kick in their own funds to sustain them.The MassMutual unit is offering deferred
MSME in Tamil Nadu | An up-close view
Tamil Nadu continues to be a vibrant industrial State, with a large base of big factories and small units. The State has an estimated seven lakh registered micro, small and medium enterprises (MSME),
Tax reform, policy uncertainties to cause oil drop in Nigeria, WoodMac warns
A new report by consultancy firm, Wood Mackenzie, has disclosed that Nigeria’s crucial energy sector could experience a 35% decline in oil output.
Eveready's Dec-quarter pre-tax profit jumps on asset sale to Rs 110 crore
The pre-tax profit, adjusted against the one-time land sale and separation costs, remained flat at Rs 21.20 crore
Biggest Family Offices Get Direct Access to Trading Desks
Family offices with assets of at least $1 billion are increasingly bypassing private bankers to deal directly with investment bank trading desks, a Citigroup Inc. executive said.
Hana Financial signs W77b deal to acquire The-K Non-Life
Hana Financial Group said Friday it had inked a sales and purchase agreement with the Korea Teachers’ Credit Union to buy a 70 percent stake in The-K Non-Life Insurance for 77 billion won ($65.1 million). This is the first acquisition deal for Korea’s third-largest banking group since the takeover of Korea Exchange Bank in 2013. The-K Non-Life will become the 14th affiliate and second insurer arm t...
Whenever my husband and I talk about investing, we fight. How can we get on the same path?
He has almost $100,000 invested in a high interest savings account which I don’t think is an efficient strategy
Consulting firms lead recruitment at IIMB
Made 147 offers; overall, 428 students got 518 offers
Mike Ashley's Frasers Group joins calls for business rates reform
Mike Ashley's Frasers Group has said that with the British high street on "life support" the Treasury must take action on business rates reform.
Warren Buffett loses $1 billion in 2 days after Kraft Heinz disappoints again
Warren Buffett took a $1 billion loss as Kraft Heinz stock plunged 11% in two days. Berkshire Hathaway's 27% stake in the food giant shrank in v...
Africa's wealthiest man, Aliko Dangote, acquires additional shares worth $3.99 million in his Cement business
Africa's wealthiest man, Aliko Dangote, has acquired additional shares worth $3.99 million (N1.45 billion) in his publicly-listed company, Dangote Cement.
ONGC's Dec-quarter PBT halves to Rs 5,998 cr on fall in oil, gas prices
Standalone net profit in the period at Rs 4,152 crore was 49.8 per cent lower than Rs 8,263 crore net profit in the same period of the previous fiscal year
BPCL seeks Assam govt’s stand on buying its stake in Numaligarh Refinery
The board of Bharat Petroleum Corporation Ltd (BPCL) has decided to initiate the process of selling its 61.65 per cent stake in subsidiary Numaligarh Refinery Ltd (NRL) amidst indications that the Ass
Facebook’s Zuckerberg wants ‘new framework’ for digital tax
Paris, France | AFP | Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments. “We also want tax reform and I’m glad the OECD is looking …
Rental price indexes: January 2020
The rental price indexes measure the changes in prices that households pay for housing rentals.
USTR Robert Lighthizer unlikely to visit India ahead of Trump's tour
The two countries are negotiating a trade package to iron out certain issues and promote two-way commerce
Stock investors say Ramaphosa’s speech was too light on details
Market participants will look for answers in the budget speech.
Bitcoin Mining Stock Surges as Chinese Economy Falters
The economic fallout from the Coronavirus is starting to be felt across the world. China’s economy has been the hardest hit but contrary to wider market
BlackRock Becomes a Symbol for Anticapitalist Fervor in France
Suspicions that the Wall Street giant sought to influence President Macron’s overhaul of the nation’s pension system have made the company a target of protesters.
Numsa vows to appeal after court rejects bid to block SAA job cuts
An application by two trade unions to block job cuts at struggling state-owned airline SAA was rejected by the country's labour court.
Were these the best results on the ASX last week?
Why I think Commonwealth Bank of Australia (ASX:CBA) and these ASX shares delivered the strongest results last week…
Former Bellamy’s director Jan Cameron charged after ASIC investigation
Former Bellamy's Australia director Jan Cameron will appear in the Hobart Magistrates Court on criminal charges after an investigation by the Australian Former Bellamy's director Jan Cameron failing to disclose her full interest in the infant formula company when it listed on the ASX in 2014, according to the corporate watchdog.
EUR/USD New York Price Forecast: Euro off 34-month lows post-US Retail Sales
EUR/USD is trading in a weak bear trend below the main daily simple moving averages (SMAs) as the quote is bouncing off 34-month lows. The US Retail Sales Cont
South Africa: Rand best CEEMEA performer this week – Rabobank
The South African rand was on track to end this week as the best performer amongst its CEEMEA peers after President Ramaphosa’s speech, Piort Matys fr
MTNL Q3 loss widens to Rs 1065 crore, revenue dips 14% to Rs 624 crore
Employees cost of MTNL during the reported period stood at Rs 755.48 crore
Tennessee Republicans worry women will go on tampon-buying frenzy
During an annual three-day holiday, shoppers are allowed to buy computers and clothing tax-free, but a proposal to include tampons has gotten pushback
Renault sales and earnings drop in tough market
PARIS (AP) — France's Renault saw its sales and earnings drop last year and says 2020 will be tough due to the need for investment in new technologies just as the market is shrinking.The company said Friday that it sold 3.8 million vehicles last year, down 3.4%, with revenue dropping about the same rate to 55.5 billion euros ($60 billion).That almost wiped out its net earnings, which amounted to just 19 million euros last year compared with 3.4 billion euros a year earlier.Interim chief Clotilde Delbos said "the visibility for 2020 is limited due to an expected volatility in the market.
Air India sale expected in first half of next fiscal: DIPAM Secretary
The deadline for submitting the EoI is March 17
Canada: Housing market is back – NBF
Economists at the National Bank of Canada Financial markets summarize the situation of the Canadian housing market which has recovered since a year ag
Traders suspend imports from China
Kampala, Uganda | THE INDEPENDENT | Traders who import most of their goods from China say they have been unable to send money for goods or fly to China as most factories supplying them are closed due to the outbreak of the coronavirus. This will likely have an impact on the prices of most of the …
USD/CAD slides to 2-week lows, further below mid-1.3200s
The USD/CAD pair maintained its offered tone through the early North-American session and dropped to fresh two-week lows, around the 1.3235 region in
Risks Remain, but Amarin Stock Is a Buy at Today’s Prices
With the competition floundering, Amarin stock could soar if Vascepa lives up to expectations. There's plenty of upside left on the table.
GRAINS-U.S. soybeans stay firm as market awaits return of Chinese buying
* Soybeans set for second weekly gain in a row* Market expects Chinese demand as trade deal takes effect* Wheat, corn also steady as virus concerns abate (Updates with European trading, changes)By Gus Trompiz and Naveen ThukralPARIS/SINGAPORE, Feb 14 (Reuters) - Chicago soybean futures edged higher on Friday to stay on course for a second week of gains on expectations that China will step up purchases of U.S. crop.Corn and wheat also ticked up but were heading for a weekly fall as large global supplies offset support from steady export demand.
CBDT backs PM Modi's claim; says only 2,200 professionals declared income above Rs 1 crore in FY19
PM Modi drew flak for his comments recently only 2,200 professionals declared income above Rs 1 crore per annum but CBDT has clarified that it's true
Jefferies Financial Group Analysts Give Delivery Hero (ETR:DHER) a €75.00 Price Target
Jefferies Financial Group set a €75.00 ($87.21) target price on Delivery Hero (ETR:DHER) in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock. Several other research firms have also recently issued reports on DHER. Kepler Capital Markets set a €63.60 ($73.95) target price on Delivery Hero […]
Canopy Growth says more cost cuts coming as it reports $124M loss
Canopy Growth Corp. is planning further cost cutting as it works to achieve positive cash flow and profitability, the cannabis producer's new chief executive said Friday as it reported a $124.17-million loss in its third quarter of 2020.
RBS to slash investment bank, rebrand as NatWest
Royal Bank of Scotland’s new chief executive Alison Rose unveiled a new strategy for the taxpayer-backed bank on Friday, including radically cutting back the size of its loss-making investment bank and renaming the company NatWest, Reuters reports. Rose, the first woman to lead one of Britain’s major banks, is hoping a rebrand will help shift…
SpiceJet shares climb nearly 6% after Q3 results
In the 2018 December quarter, the carrier recorded a profit of Rs 55 crore.
Oil: St. Valentine brings affection – TDS
There are some risks to be dealing with it yet but energy markets are taking a relaxed St. Valentine’s day, according to analysts at TD Securities. Br
Alviva shares crash 25% as ICT distribution comes up short
Shares in technology distribution group Alviva Holdings tumbled more than 25% in intraday trading in Johannesburg on Friday after it shocked investors with a profit warning.
Tesla Sold Shares at Steepest Discount It’s Ever Given Investors
Tesla Inc. investors who got in on Thursday’s share sale received the steepest discount the electric-car maker has offered in its 10-year history as a public company.
Boeing to extend labor contract with engineer's union by four years
U.S. planemaker Boeing Co said it has agreed to a tentative deal with its engineers' union to extend its labor contract by another four years.
This is how much Sunderland council tax is going to rise by
“Raising council tax is one of those difficult decisions, if we don’t raise it we will need to cut services further"
Flywire Buys Simplee to Tap into Healthcare Payments, Raises $120M
Flywire announced on Thursday its acquisition of Simplee, a healthcare technology platform, aiming to enter the medical payments arena.
Dieselgate: VW offers to pay €830m, but talks break down
Volkswagen is facing significant costs five years after its dieselgate scandal after compensation talks collapsed in Germany's largest collective lawsuit.
Play the Contrarian And Buy the Dip in Under Armour Stock
UAA stock plunged on awful fourth quarter numbers from the athletic apparel maker, but the sell-off feels overdone.
Kenyan lovebirds to cough more to buy roses as cost shoot through the roof
Kenyan lovebirds planning to buy a bouquet of roses this valentine will have to dig deeper into their pockets.
Bursa Malaysia ends higher on news of stimulus package
KUALA LUMPUR, Feb 14 — Bursa Malaysia ended higher today as market sentiment was lifted following news that the government will unveil an economic stimulus package to address the Covid-19 outbreak on February 27. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 5.30 points to its intraday...
Positive Earnings Look as If They’re Already Priced in to Teva Stock
Teva stock rose 9% after a positive earnings report. But after $3 billion in cost-cutting, investors may be looking for additional revenue.
10 things you need to know before the opening bell
This is what traders are talking about.
5 Ways to Prepare for a Recession
We don't know when the next downturn will hit, but we do know when to prepare for it.
Exports decline by 1.66% year-on-year to $25.97 billion in January
Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review
Facebook - This Cash Machine Keeps On Spitting Out Money
Facebook's cash (and cash equivalents) balance keeps on increasing, exceeding the $50Bn mark (~$55Bn at year end 2020). This is fuelled by strong annual operating cash flow, which has now surpassed th
Tesla plans second stock offering to raise more than $2B
Feb. 14 (UPI) -- Electric automaker Tesla says it will make a secondary stock offer in a bid to raise more than $2 billion to shore up its balance sheet -- less than two weeks after boss Elon Musk said it "didn't make sense" to raise more money.
Govt willing to do more beyond Budget to boost growth: Nirmala Sitharaman
Sitharaman said that if required, the government would take more steps beyond Budget announcements.
Food delivery company MatHem raises €47.5 million to continue expanding across Sweden
Swedish online grocer MatHem has raised 500 million SEK, or €47.5 million, to develop a new environmentally certified warehouse in Larsboda and to continue expanding its retail delivery business. The company delivers groceries and small household items and, after ten years in business, has served over half of Swedish households. MatHem’s investors span several sectors. […]
Virus fears send Wall Street down after UK finance minister quits
China has been praised by the World Health Organization (WHO) for its transparent handling of the outbreak.
Rand firmer after Ramaphosa’s speech
The rand was subdued following the delay caused by the EFF.