Business

Yields briefly extend rise after U.S

Yields briefly extend rise after U.S Investor sentiment remains fragile after President Donald Trump's recent pronouncements on trade and as optimism for a resolution becomes more hard to sustain. Italian bonds rose as the country moved toward forming a new government. Elsewhere, oil maintained gains after a bigger-than-expected drop in American crude inventories and as Iran all but ruled out a USA meeting. [Full Article...]

PNB, Oriental Bank and United Bank to be merged: Sitharaman

PNB, Oriental Bank and United Bank to be merged: Sitharaman Union Bank , Andhra Bank and Corporation Bank will be merged: Apart from the above, Sitharaman said that Union Bank, Andhra Bank and Corporation Bank will be merged to create India's 5th largest entity, while Canara Bank will be merged with Syndicate Bank to form 4th largest government bank. [Full Article...]

What lower GDP means for you and me

What lower GDP means for you and me But more importantly, the economy grew at 8 per cent in nominal terms - courtesy low levels of inflation - the slowest since the third quarter of 2002-03, taking into consideration the previous two series of national accounts. Global analytical firm CRISIL has cut India's GDP growth forecast for this fiscal by 20 basis points to 6.9 percent citing weak monsoon, slowing global growth, and sluggis... [Full Article...]

Trump slams Washington Post over report on pardons

Trump slams Washington Post over report on pardons The Democratic-led House of Representatives-which had been investigating Trump for obstruction of justice-- is to decide whether or not to launch impeachment hearings when it reconvenes from summer recess next month. "It's astonishing and sad to see Trump's border wall being built through the most spectacular Sonoran desert ecosystem on the planet", Laiken Jordahl, the borderlands campaigner wit... [Full Article...]

Toyota enters into a capital alliance with Suzuki

Toyota enters into a capital alliance with Suzuki The development is positive in terms of technology transfer from Toyota to Suzuki as their development of hybrid and AI technology is much faster, said Sameer Kalra, Founder, Target Investing. Following with the investment, both Japanese car-makers confirmed that the new alliance has been created to overcome new challenges facing the industry by "building and deepening cooperative relationships in... [Full Article...]

Tennessee man sues Popeyes for selling out of chicken sandwiches

Tennessee man sues Popeyes for selling out of chicken sandwiches Messages to Restaurant Brands International, the owner of the Miami-based chicken chain, were not immediately returned. Popeyes introduced their fried chicken sandwich on August 12th. "They've got everyone gassed up on them". Ahead of the release, they calculated 'operational challenges, supply chain and. a lot of forecasting'. Whether the move was pure savagery or genuine kindness is up... [Full Article...]

China trade dispute could include sanctions flexibility

China trade dispute could include sanctions flexibility This is according to data from the United States Department of Energy. In its Crude Oil Stocks report for the week ended on August 23, the American Petroleum Institute (API) says that a surprise 11.1 million barrels of decline was witnessed in the U.S. [Full Article...]

Costco opens first store on Chinese mainland

Costco opens first store on Chinese mainland By noon, the store was begging customers not to come to the store via text message. All in all, the Costco only managed to remain open till 1:40 p.m. However, according to Shine.cn, after the initial excitement wore off, many customers ended up feeling unsatisfied with the prices at the outlet, complaining that, apart from ultra-cheap eggs, they weren't much different from other grocery stores. [Full Article...]

Ireland criticises suspension of British parliament

Ireland criticises suspension of British parliament The United Kingdom is committed to leaving the European Union on October 31, said British Brexit minister Stephen Barclay on Wednesday, speaking just hours after UK Prime Minister Boris Johnson moved to limit parliament's ability to derail Brexit. [Full Article...]

China's central bank could launch cryptocurrency in several months

China's central bank could launch cryptocurrency in several months Anonymous source first confirmed that these seven institutions were the first buyers of China's central bank-backed cryptocurrency . Further, reports say that since previous year the technology for the crypto is ready and that the launch of the crypto is to be expected soon. [Full Article...]

Banks help drive US stocks broadly higher after wobbly start

Banks help drive US stocks broadly higher after wobbly start Benchmark 10-year notes last rose 21/32 in price to yield 1.4744%, from 1.544 per cent late on Monday. The yield curve is considered inverted when long-term bonds see their returns fall below those of short-term bonds. The drop in bond yields has, in turn, powered rich gains for investors betting on the bond rally to continue, with the iShares Core U.S. Aggregate Bond exchange-traded fund AGG, -... [Full Article...]

Trump says U.S. and China to resume trade talks

Trump says U.S. and China to resume trade talks However, China has not confirmed such calls had taken place, while media in the country has played down the chances of more talks and the leadership's need for a deal. on whopping worth of $300 BN Chinese imports. "We're going to start very shortly to negotiate. but I think we're going to make a deal". Those moves sent USA stock markets stumbling. [Full Article...]

BIDEN: White People Are 'The Reason We Have Institutional Racism'

BIDEN: White People Are 'The Reason We Have Institutional Racism' He died!' That is God's truth, my word as a Biden". According to Biden, he brushed off concerns about the risk of him traveling to the deadly area. Biden did once pin a medal to a soldier who felt he didn't deserve it, but the Post found that it happened in Wardak, and the Army staff sergeant had been trying to save a friend from a burning vehicle, not a ravine. [Full Article...]

KFC testing vegan fried 'chicken'

KFC testing vegan fried 'chicken' There'll also be KFC Beyond Fried Chicken available as boneless wings in 6 or 12-piece sets for approximately $6 and $12 United States dollars. Starting on the 27th of August, 2019, KFC planned to start serving non-meat chicken. Plant-based meat alternatives have grown popular in supermarkets and restaurants across the world, as people search for environmentally friendly and healthier foods ... [Full Article...]

China imposed tariffs, US President retaliates immediately — Business as usual

China imposed tariffs, US President retaliates immediately — Business as usual According to the U.S. President Donald Trump called on American businesses to withdraw operations from China as the trade war between the USA and the Asian giant escalated. Powell to help blunt the effect of his trade war by cutting interest rates to keep the economy humming. Some legal experts said he likely has the authority to do so given the administration's repeated efforts to highlight... [Full Article...]

VMware acquires software firms in deals worth US$4.8 bln

VMware acquires software firms in deals worth US$4.8 bln Carbon Black stockholders will receive United States dollars 26 per share cash, resulting in a net cash payout for VMware of USD 1.9 billion. Indeed, these are two very different companies, but both Carbon Black and Pivotal focus on modern workloads. [Full Article...]

Apple Releases Warning On Storing Titanium Card In Leather and Denim

Apple Releases Warning On Storing Titanium Card In Leather and Denim That's why Apple has posted instructions on how to clean the card properly and warned that some materials might leave blemishes that are hard to remove. "Do not speak to Apple Card ". Though industry experts say the card's financial benefits mirror many of those already out there for consumers, Apple is positioning it as a refreshing change from the thousands of other credit cards that have b... [Full Article...]

Overstock CEO Patrick Byrne resigns in wake of "deep state" remarks

Overstock CEO Patrick Byrne resigns in wake of The phrase " Deep State " is used to suggest there is an architecture of government that operates outside the democratic system. Byrne's involvement in the Russian narrative concerned his relationship with Maria Butina , a Russian gun rights activist who was convicted in the U.S.in 2018 for failing to register as a foreign agent. [Full Article...]

What's behind Trump's flip-flops on gun control and tax cuts?

What's behind Trump's flip-flops on gun control and tax cuts? Murphy suggested Friday that Trump might be more willing to support something closer to the failed bipartisan legislation proposed after the 2012 Sandy Hook school shooting in CT that would have broadened background checks , including on most private party sales. [Full Article...]

Moulton Drops Out of Presidential Race, Cautions Democrats

Moulton Drops Out of Presidential Race, Cautions Democrats Moulton follows Washington Gov. Jay Inslee and former Colorado governor John Hickenlooper , two Democrats who shuttered their bids for the White House in recent days as the nomination contest moves toward the fall - and as the DNC imposes stricter requirements for a spot at upcoming debates. [Full Article...]


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