by | December 09, 2018 | 03:27

Private sector lender Kotak Mahindra Bank on Friday informed the exchanges that it had not considered any proposal to sell stake in the bank to Berkshire Hathaway. The stock gained 33 percent in the past 12 months compared to an 8.3 percent gain in the S&P BSE Sensex, according to Bloomberg data. Earlier this year, Berkshire Hathaway forayed into India's digital payments space by taking a 25-billion-rupee stake in the parent of Paytm.

by | December 09, 2018 | 02:38

Shopko is closing 39 stores, the company confirmed, as the regional discount store operator seeks to reconfigure its operations. The retailer with headquarters in Green Bay, WI., is closing the locations, majority Shopko Hometown stores, after a liquidation sale.

by | December 09, 2018 | 00:07

With a new character, new technology and a new name, the ŠKODA SCALA completely redefines the compact vehicle segment for the Czech brand. The hatchback rides on a 2,649mm wheelbase, which translates into more cabin space. The 1.5-litre petrol is notable for its cylinder deactivation technology, which can shut down two of the engine's four cylinders when you're cruising to save fuel.

by | December 08, 2018 | 18:26

A source close to the operation told AFP that at least 34 people were arrested for carrying masks, hammers, slingshots and rocks that could be used to attack police. People in other regions have also risen up in protest. Exceptional security measures are in place, aimed at preventing a repeat of last week's rioting .

by | December 08, 2018 | 17:41

Asked to confirm whether Beijing promised to buy American goods immediately, Gao said China will "immediately implement the consensus reached by the two sides on farm products, cars and energy". On Thursday and again on Friday , Trump tweeted that talks with China are going well. China's overall trade - what it buys and sells with all countries, including the U.S.

by | December 08, 2018 | 12:04

The Virginia-based parent of the company behind Marlboro, Parliament and other cigarette brands will acquire a 45 per cent ownership stake in Cronos with the initial investment announced Friday. One of the largest tobacco companies in the world is getting into the cannabis game. The company could also be positioning itself for the possible legalization of marijuana across the U.S., Quartz added .

by | December 08, 2018 | 08:17

A bill to force technology firms including Google , Facebook and Apple to give police access to encrypted data was passed by Australia's lower house of parliament on Thursday, pushing it closer to becoming a precedent-setting law. Attorney-General Christian Porter said the Morrison government would " consider " amendments in line with the recommendations of a joint parliamentary committee that inquired into the bill.

by | December 08, 2018 | 02:18

Said prototype vehicle is a 1970 Aston Martin DB6 Mark II Volante , which trades its original 4.0-liter inline-six for a "cassette" style electric powertrain, which occupies the same space and uses the same mounts as the factory engine and transmission.

by | December 08, 2018 | 02:09

It failed to achieve more than 50 per cent in any of the four key tests that the safety organisation puts a vehicle through. It must be noted, the Euro NCAP awarded this rating despite the Wrangler's flawless score on side-impact tests.

by | December 08, 2018 | 00:52

President Donald Trump is expected to attend. Former President George W. Bush called him "the best dad a son or daughter could ask for". It coincided with a swing in the nation as a whole toward more tribal politics. Mr Trump has cancelled a planned news conference at the G20 summit in Argentina "out of respect for President Bush and his family". Bush Sr was America's 41st president holding office between 1989 and 1993, and is credited with helping to end the Cold War .

by | December 07, 2018 | 22:38

Barra came under pressure from Ohio's two US senators and other lawmakers who want GM to shift production of a vehicle from Mexico or build electric vehicles at the Lordstown Assembly plant in their state that the automaker has said it intends to close .

by | December 07, 2018 | 18:39

Trump added China would roll back tariffs of 40% on cars. However, Trump held out the possibility of an extension. Furthermore, Kudlow seemed to downplay Trump's assertion following the meeting that China agreed to reduce or eliminate its tariffs on American automobiles, telling reporters that there was no "specific" agreement reached.

by | December 07, 2018 | 16:08

Chinese purchases for the aforementioned products have almost completely halted after Beijing imposed tariffs on them in response to the USA tariffs on Chinese goods. In return, China agreed to buy what the White House called a "not yet agreed upon, but very substantial" amount of US products to help narrow America's gaping trade deficit with China.

by | December 07, 2018 | 14:40

Asian shares were mostly lower Tuesday as investors wondered if a 90-day tariff truce was enough for the USA and China to resolve a range of issues from technology development to trade. China's offshore yuan CNH= gained about 1 percent to 6.8796. Against the dollar, the pound fell to its lowest since October at US$1.2708, down almost 0.7 per cent from the day's highs.

by | December 07, 2018 | 10:21

A key goal is to improve margins at its mass-market VW brand, which is its largest division by sales but which has long lagged the profitability of rivals such as Japan's Toyota due in part to high labor costs at its German plants. This includes mainstream auto makers like Audi, Seat and Skoda as well as the luxury arm of the motor giant, which has Bentley, Lamborghini and Porsche on its books too.

by | December 07, 2018 | 10:16

On Wednesday evening, one of the 24 people hospitalized was in critical condition , while another 30 were treated on the scene, ABC News says . The workers were treated at five different hospitals in Robbinsville, New Jersey. "We appreciate the swift response of our local responders". The accident has brought questions into Amazon's safety practices and the use of robots in the workplace.

by | December 07, 2018 | 10:14

Well, if you can't resist The Cheesecake Factory cheesecakes, the app will continue to offer no delivery fees for the restaurant for the rest of the week. Police remained at the Cheesecake Factory to monitor the crowds. A police spokesperson told local media that one person was even arrested after his refusal to follow police orders to leave the restaurant led to a scuffle with the officers.

by | December 07, 2018 | 10:13

A Southwest Airlines Co. jet rolled off the end of a California runway as it landed in the rain, skidding to a stop on a crushable concrete surface created to hinder out-of-control aircraft. A unique safety system that has been installed at several Bay Area airports may have prevented a catastrophic crash of a Burbank-bound flight out of Oakland Thursday morning.

by | December 07, 2018 | 10:06

Today, the BURGER KING ® brand is turning more than 14,000 McDonald's into BURGER KING ® restaurants. Under a blurred-out photo of the Golden Arches is the bejeweled hand of the Burger King himself, adding the letter "W" in a key place. The latest promotion is an example of how the fast-food restaurants have turned to mischevious marketing schemes to help draw customers away from their competitors.

by | December 07, 2018 | 07:39

The curve plots the difference between returns on long- and short-term US Treasury debt, usually 10-year notes compared to two-year notes. Here's what that does: Yields on short-term bonds rise above those of longer-term bonds, historically a signal that an economic slowdown is around the corner.