Markets

by | October 24, 2019 | 14:59

New Zealand topped the Ease of Doing Business Index, followed in the Top 10 (in order) by Singapore; Hong Kong SAR, China; Denmark; Korea, Rep; the United States; Georgia; the United Kingdom; Norway; and Sweden. The Ease of Doing Business index is mostly used as a guide by foreign investors to learn more about a country, aiding decisions on pouring money into the economy.

by | October 24, 2019 | 14:13

Mr McDowall said the route's popularity had waned as passengers were presented with more options to choose from to if they wanted to travel to London. " We will be working with our people and their union to help with the next steps in their career, including looking at opportunities in other areas of the airline ", he added.

by | October 24, 2019 | 13:58

In a press conference, telecom minister Ravi Shankar Prasad said today the Narendra Modi government has given its in-principle approval to the merger of BSNL and MTNL and infuse billions of dollars in capital, though he did not specify a time frame.

by | October 24, 2019 | 13:40

Worldwide spending on cloud infrastructure services grew almost 38 per cent year-on-year in the calendar second quarter to $26.3-billion, according to data from research firm Canalys. The company will keep spending to construct data centers to keep up with strong customer interest in Azure, she said. The intelligent cloud business, which includes Azure services, server products and GitHub, grew $2.3 billion, or 27 percent.

by | October 24, 2019 | 12:01

U.S. West Texas Intermediate crude oil CLc1 declined 11 cents to 53.67 dollars a barrel. However, the bank predicts some upside risk to is year-end Brent forecast of US$62 a barrel as headwinds from USA producer hedging and higher recent freight rates fade and tighter supply and demand fundamentals and lower stockpiles in emerging markets drive the market.

by | October 24, 2019 | 07:39

Tesla said it was also ahead of schedule on its long-awaited Model Y crossover. The Tesla Model Y hasn't arrived on the market yet, but there have been a few sightings of the new auto, with the most recent sighting from a Model 3 owner seeing the vehicle in real-life traffic during his morning commute.

by | October 23, 2019 | 23:42

There will also be a new CEO at Under Armour next year. McDermott will replace John Donahoe , who is stepping down from his role leading ServiceNow to become the CEO of Nike, according to a statement . The situation led Parker to apologize to employees during an all-hands meeting in May 2018. Earlier this year, several Nike-sponsored athletes accused the company of enforcing financial penalties if they missed performance goals due to pregnancy, prompting the company to change its policy.

by | October 23, 2019 | 23:26

Charging is wireless at speeds of up to 150kW, and the battery is 110kWh and good for 310 miles of range. Odds are you won't even need to tip it. In the case of the latter, the concept can interact with an autonomous drone called the Lexus Airporter.

by | October 23, 2019 | 19:39

David Marcus , Facebook's blockchain boss, on Sunday reportedly said there could be alternative approaches to the digital coin, including using multiple cryptocurrencies based on national currencies such as the U.S. Dimon, who made the comments at an event in Washington hosted by the Institute of International Finance, did not elaborate on why he believed Libra was a non-starter.

by | October 23, 2019 | 16:55

Another highlight of the new Jazz is that it debuts Honda's 2-motor hybrid system for compact models. The front bumper carries a visibly wider opening for the lower air intake and C-shaped fog lamp housing that makes it look sportier.

by | October 23, 2019 | 14:29

Softbank, which already owned about a third of WeWork, had earlier valued the firm at almost $50bn. Finally there's a joint venture share swap where all of SoftBank Vision Fund's interests in regional joint ventures outside of Japan will be exchanged for WeWork shares at a price of $11.60 per share' and a debt facility consisting of $1.1 billion in senior secured notes, $2.2 billion in unsecured notes, and a $1.75 billion letter of credit facility, which will occur after the tender offer ...

by | October 23, 2019 | 14:22

DUP votes again proved crucial after MPs voted by 322 to 308 to reject his plan to ram legislation approving his Brexit deal through the Commons in just three days. More importantly, lawmakers are uncovering an array of details which they do not particularly like. "It's hard to think of anything which better illustrates this Govt's contempt for people, Parliament & democracy".

by | October 23, 2019 | 11:59

The United States accounts for 40 percent of the world's millionaires, according to the report . However, this year was the first time that China had recorded more members in the global top 10 percent. The report estimates that 55,920 adults are each worth at least US$100 million and 4,830 each have net assets above US$500 million. Credit Suisse said: "In line with the approach that has always been followed by other banks, Credit Suisse is now also introducing negative interest rates ...

by | October 23, 2019 | 10:56

At the same time, Hong Kong seemed to leave open the possibility that Chan could simply go to Taiwan of his own free will. In a odd quirk of fate, Hong Kong leader Carrie Lam tried to use the case as a pretext to bulldoze through controversial amendments to change the extradition laws to allow the surrender of wanted people, not only to Taiwan, but also to Macau and mainland China .

by | October 22, 2019 | 19:39

Last week Trump said he hopes that the first phase of the deal, announced earlier in October , will be signed by the middle of next month. Soybean processors in China were granted permission to buy another 10 million metric tons of US supplies without retaliatory duties, said the people, who asked not to be identified because the information is private.

by | October 22, 2019 | 15:38

Those voting rights were cut to three times those of ordinary shares when Neumann was ousted as chief executive last month. The board of WeWork is meeting on Tuesday to consider a rescue plan worth nearly $10bn (£7.7bn) from its biggest investor, Japan's SoftBank, according to reports.

by | October 22, 2019 | 12:26

The 15% intra-day fall is the most in almost six years - the last time the company's shares fell more than this was on April 12, 2013. "The undated whistleblower complaint largely deals with allegations relating to the CEO's worldwide travel to the United States and Mumbai", the company said.

by | October 22, 2019 | 11:29

Sitharaman spoke to reporters after wrapping up the Indian delegation's participation in the annual World Bank group meetings that were dominated by the ongoing slowdown of the global economy, which, member countries agreed, needed to be addressed differently in different geographies and not through a one-size-fits-all strategy.

by | October 22, 2019 | 08:56

Since the International Air Transport Association (IATA) expects the worldwide annual passenger traffic to grow from $4.6 billion in 2019 to almost double to $8.2 billion by 2037, the long-haul flights are likely to be experimented by more national carriers.

by | October 22, 2019 | 02:00

On Saturday, British lawmakers thwarted a vote on Johnson's newly-negotiated Brexit deal. Speaker John Bercow says the vote the government wants is "in substance the same" as one held on Saturday and so breaches Parliament's rules. Bercow said it would be "repetitive and disorderly" to allow a new vote Monday. What happened to Boris Johnson's Brexit deal? Success or failure then would set the course for the coming week and largely determine whether Johnson's will get his October 31 ...