Money
Hong Kong’s CKA snaps up Greene King in £2.7bn deal
- August 23, 2019
Greene King will also need to have its shares delisted from the exchange. MORE - Greene King to be sold to Hong Kong property giant National chairman Nik Antona said: "The news that Britain's largest pub and brewery company has been sold to an global asset company is very concerning for our beer scene". (more...)
- August 23, 2019
Greene King will also need to have its shares delisted from the exchange. MORE - Greene King to be sold to Hong Kong property giant National chairman Nik Antona said: "The news that Britain's largest pub and brewery company has been sold to an global asset company is very concerning for our beer scene". (more...)
Brent oil prices rise above $60, buoyed by U.S. stock drawdown
- August 23, 2019
The American Petroleum Institute is scheduled to release its inventory data later in the day, while the U.S. Energy Information Administration's weekly oil report is due Wednesday morning. Ongoing growth in liquefied natural gas export capacity and the expanded ability to reach new markets have supported increases in USA natural gas production. (more...)
- August 23, 2019
The American Petroleum Institute is scheduled to release its inventory data later in the day, while the U.S. Energy Information Administration's weekly oil report is due Wednesday morning. Ongoing growth in liquefied natural gas export capacity and the expanded ability to reach new markets have supported increases in USA natural gas production. (more...)
Guelph's first pot shop proposed for Downtown Guelph
- August 23, 2019
After the AGCO receives the applications, residents will have a chance to give written submissions if they believe the store locations go against public interest. If the registrar determines that an applicant has not followed the requirements set out, they will be disqualified from the lottery. Last month, city crews sealed the entrances of four CAFE locations with 2,000-kilogram concrete blocks as part of efforts to finally close down the resilient illicit retailer. (more...)
- August 23, 2019
After the AGCO receives the applications, residents will have a chance to give written submissions if they believe the store locations go against public interest. If the registrar determines that an applicant has not followed the requirements set out, they will be disqualified from the lottery. Last month, city crews sealed the entrances of four CAFE locations with 2,000-kilogram concrete blocks as part of efforts to finally close down the resilient illicit retailer. (more...)
US states ready antitrust probe of tech titans
- August 23, 2019
A group of U.S. states is reportedly moving forward with an antitrust investigation into the countries biggest tech companies. Not only will the likes of Apple , Google , Facebook , and Amazon have to gird themselves with more attorneys and lay out more cash to defend themselves, the mere size of having to fend off a dog pile of states wanting a pro-consumer resolution could be present difficulties. (more...)
- August 23, 2019
A group of U.S. states is reportedly moving forward with an antitrust investigation into the countries biggest tech companies. Not only will the likes of Apple , Google , Facebook , and Amazon have to gird themselves with more attorneys and lay out more cash to defend themselves, the mere size of having to fend off a dog pile of states wanting a pro-consumer resolution could be present difficulties. (more...)
Donald Trump: 'I Am the Chosen One' to Fight China
- August 23, 2019
China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation. President Trump called himself "the chosen one" Wednesday in referring to his role confronting China for chronic US trade deficits that his predecessors didn't tackle. (more...)
- August 23, 2019
China said on Thursday it hopes the United States will stop its wrong tariff action, adding that any new tariffs would lead to escalation. President Trump called himself "the chosen one" Wednesday in referring to his role confronting China for chronic US trade deficits that his predecessors didn't tackle. (more...)
Direct London to Sydney flights a step closer with Qanats tests
- August 23, 2019
The airline is calling the test flights "Project Sunrise", scheduled to take place later this year. While there's excitement around Qantas' test flights, they may not be here to stay. Pilots will wear an EEG (electroencephalogram) device to track their brain wave patterns and monitor alertness. Customer feedback on food choices, separate stretching and wellbeing zones, as well as entertainment options, will also be tested. (more...)
- August 23, 2019
The airline is calling the test flights "Project Sunrise", scheduled to take place later this year. While there's excitement around Qantas' test flights, they may not be here to stay. Pilots will wear an EEG (electroencephalogram) device to track their brain wave patterns and monitor alertness. Customer feedback on food choices, separate stretching and wellbeing zones, as well as entertainment options, will also be tested. (more...)
Target, Lowe's results boost Wall St; stocks hold gains after Fed minutes
- August 23, 2019
Financial stocks rose as bond prices fell, pushing yields higher. The National Association of Realtors said sales of previously occupied US homes rose 2.5% last month. Lowe's, the nation's second largest home improvement retailer behind Home Depot , blew past Wall Street's second-quarter earnings expectations, buoyed by strong demand for spring goods and sales to contractors. (more...)
- August 23, 2019
Financial stocks rose as bond prices fell, pushing yields higher. The National Association of Realtors said sales of previously occupied US homes rose 2.5% last month. Lowe's, the nation's second largest home improvement retailer behind Home Depot , blew past Wall Street's second-quarter earnings expectations, buoyed by strong demand for spring goods and sales to contractors. (more...)
Top US CEOs say shareholders' profits no longer top priority
- August 22, 2019
In his book "Capitalism and Freedom", published in 1962, Friedman called the idea of "social responsibility" a "fundamentally subversive doctrine" in a free society and that in such a society, "there is one and only one social responsibility of business-to use its resources and engage in activities created to increase its profits so long as it stays within the rules of the game, which is to say , engages in open and free competition without deception or fraud". (more...)
- August 22, 2019
In his book "Capitalism and Freedom", published in 1962, Friedman called the idea of "social responsibility" a "fundamentally subversive doctrine" in a free society and that in such a society, "there is one and only one social responsibility of business-to use its resources and engage in activities created to increase its profits so long as it stays within the rules of the game, which is to say , engages in open and free competition without deception or fraud". (more...)
Report shows US deficit to exceed $1 trillion next year
- August 22, 2019
The deficit has expanded under Trump , amid the Republican's $1.5 trillion tax cut package, increased federal spending and an aging population that's boosting the cost of social programs like Medicare. Debt held by the public will come close to equaling the entire size of the economy within 10 years, at 95.1 percent GDP. "Tariffs reduce domestic GDP chiefly by raising domestic prices, which reduces the purchasing power of USA consumers and increases the cost of business investment", the ... (more...)
- August 22, 2019
The deficit has expanded under Trump , amid the Republican's $1.5 trillion tax cut package, increased federal spending and an aging population that's boosting the cost of social programs like Medicare. Debt held by the public will come close to equaling the entire size of the economy within 10 years, at 95.1 percent GDP. "Tariffs reduce domestic GDP chiefly by raising domestic prices, which reduces the purchasing power of USA consumers and increases the cost of business investment", the ... (more...)
The chicken sandwich tweet that started the latest viral Twitter debate
- August 22, 2019
While that debate was going on, Wendy's , known for being snappy on social media, made a decision to chime in. With that in mind, Chick-fil-A tweeted out a message which, based on the timing, was seemingly directed at Popeyes . So it came as no surprise when the fiery-branded chain tweeted out that the others are just playing second sandwich fiddle. As the battle for the best chicken sandwich was going on, thousands were commenting their favorite. (more...)
- August 22, 2019
While that debate was going on, Wendy's , known for being snappy on social media, made a decision to chime in. With that in mind, Chick-fil-A tweeted out a message which, based on the timing, was seemingly directed at Popeyes . So it came as no surprise when the fiery-branded chain tweeted out that the others are just playing second sandwich fiddle. As the battle for the best chicken sandwich was going on, thousands were commenting their favorite. (more...)
China's new lending reference rate set slightly lower at 4.25%
- August 22, 2019
It has stayed near 4.3% - nearly the same as the one-year benchmark lending rate of 4.35%. Around late afternoon, the 225-issue Nikkei Stock Average rose 86.48 points, or 0.42%, to 20,649.64, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 8.08 points, or 0.54%, at 1,502.41. (more...)
- August 22, 2019
It has stayed near 4.3% - nearly the same as the one-year benchmark lending rate of 4.35%. Around late afternoon, the 225-issue Nikkei Stock Average rose 86.48 points, or 0.42%, to 20,649.64, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange added 8.08 points, or 0.54%, at 1,502.41. (more...)
CK Noble purchase Greene King
- August 22, 2019
Li Ka-shing has already snapped up Superdrug and Three Mobile along with various British utilities, and now he owns one of the UK's biggest drinks companies. "In the last financial year the company disposed of 41 trading pubs in Pub Company, 69 trading pubs in Pub Partners and six closed pubs - 116 in all by my reckoning". (more...)
- August 22, 2019
Li Ka-shing has already snapped up Superdrug and Three Mobile along with various British utilities, and now he owns one of the UK's biggest drinks companies. "In the last financial year the company disposed of 41 trading pubs in Pub Company, 69 trading pubs in Pub Partners and six closed pubs - 116 in all by my reckoning". (more...)
India needs to reduce ecommerce restrictions to revive economy: Amazon executive
- August 22, 2019
Agarwal, in a media interaction after the inauguration of the facility, said Amazon has over 60,000 employees in the country "serving our global market places, including India". "In Seattle [headquarters] we have approximately 12 million sq ft, half of it owned and the rest leased". "Amazon laid the foundation stone for the campus building on March 30, 2016". (more...)
- August 22, 2019
Agarwal, in a media interaction after the inauguration of the facility, said Amazon has over 60,000 employees in the country "serving our global market places, including India". "In Seattle [headquarters] we have approximately 12 million sq ft, half of it owned and the rest leased". "Amazon laid the foundation stone for the campus building on March 30, 2016". (more...)
Fed minutes reveal members saw rate cut as 'mid-cycle adjustment'
- August 22, 2019
Although the FOMC swiftly voted to cut interest rates, the presence of two dissenters - Esther George and Eric Rosengren - suggested there was more disagreement about the path of monetary policy. "Such growth potential, nearly like never before!" And on Wednesday, Trump complained that "if Powell were smart" he would lower rates. However, the minutes showed the central bankers are not unified, with several opposed to cutting rates while a couple favored a bigger cut. (more...)
- August 22, 2019
Although the FOMC swiftly voted to cut interest rates, the presence of two dissenters - Esther George and Eric Rosengren - suggested there was more disagreement about the path of monetary policy. "Such growth potential, nearly like never before!" And on Wednesday, Trump complained that "if Powell were smart" he would lower rates. However, the minutes showed the central bankers are not unified, with several opposed to cutting rates while a couple favored a bigger cut. (more...)
United States govt to announce plan for longer detention of migrant families
- August 21, 2019
Acting Homeland Security Secretary Kevin McAleenan says new rule allowing indefinite detention of migrant families with children will "improve the integrity of the immigration system". Families typically have to wait several months for their cases to work their way through immigration court, DHS officials said, and the new rule would allow DHS to keep those families at detention facilities. (more...)
- August 21, 2019
Acting Homeland Security Secretary Kevin McAleenan says new rule allowing indefinite detention of migrant families with children will "improve the integrity of the immigration system". Families typically have to wait several months for their cases to work their way through immigration court, DHS officials said, and the new rule would allow DHS to keep those families at detention facilities. (more...)
Trump slams Fed, calls Chair Powell 'golfer who can't putt'
- August 21, 2019
While Ashworth highlights the market risk of a more hawkish-than-expected tilt in the Fed's messaging this week, he acknowledges the uncertainty in forecasting the Fed's messaging because, "Fed communication has become woefully bad". "Such growth potential, nearly like never before!" The Fed will release the minutes from its July meeting at 2 p.m. ET Wednesday. Ahead of the meeting, Trump had been calling a for "big cut", and later voiced his disappointment with the Fed's decision. (more...)
- August 21, 2019
While Ashworth highlights the market risk of a more hawkish-than-expected tilt in the Fed's messaging this week, he acknowledges the uncertainty in forecasting the Fed's messaging because, "Fed communication has become woefully bad". "Such growth potential, nearly like never before!" The Fed will release the minutes from its July meeting at 2 p.m. ET Wednesday. Ahead of the meeting, Trump had been calling a for "big cut", and later voiced his disappointment with the Fed's decision. (more...)
Yields rise from three-year lows, trade concerns remain
- August 21, 2019
Tech stocks and banks led the sell-offs, but the retail industry also took a hit. Retailers came under especially heavy selling pressure after Macy's issued a dismal earnings report and cut its full-year forecast. The US yield curve has inverted before every recession for the past 50 years. The yield curve inversion also suggests that investors expect the Federal Reserve to keep cutting short-term interest rates in an effort to boost the economy, Rehling says. (more...)
- August 21, 2019
Tech stocks and banks led the sell-offs, but the retail industry also took a hit. Retailers came under especially heavy selling pressure after Macy's issued a dismal earnings report and cut its full-year forecast. The US yield curve has inverted before every recession for the past 50 years. The yield curve inversion also suggests that investors expect the Federal Reserve to keep cutting short-term interest rates in an effort to boost the economy, Rehling says. (more...)
Court Blocks Dublin Ryanair Pilots From Striking This Week
- August 21, 2019
Belgium's CNE and ACV PULS trade unions have told members not to comply with a Ryanair request to staff flights affected by a planned strike by Portuguese crew from today, a letter sent to the airline seen by Reuters showed. of 3% p.a), they are seeking 101% increases for Ryanair Captains who already earn over 172,000 p.a. It is expected to announce headcount reductions in the coming days. (more...)
- August 21, 2019
Belgium's CNE and ACV PULS trade unions have told members not to comply with a Ryanair request to staff flights affected by a planned strike by Portuguese crew from today, a letter sent to the airline seen by Reuters showed. of 3% p.a), they are seeking 101% increases for Ryanair Captains who already earn over 172,000 p.a. It is expected to announce headcount reductions in the coming days. (more...)
US Steel lays off 200 MI workers temporarily
- August 21, 2019
Unfortunately, that did not materialize. The lay-offs could last longer than six months and will affect almost every department at the facility. In June, the company announced it would halt two blast furnaces at the Great Lakes and Gary Works plants due to the softening demand and low price of steel. (more...)
- August 21, 2019
Unfortunately, that did not materialize. The lay-offs could last longer than six months and will affect almost every department at the facility. In June, the company announced it would halt two blast furnaces at the Great Lakes and Gary Works plants due to the softening demand and low price of steel. (more...)
Elanco To Acquire Bayer's Animal Health Business For $7.6B
- August 21, 2019
It develops, manufactures and markets products for companion and food animals. Indiana State Department of Agriculture Director Bruce Kettler issued the following statement on the agreement announced by Elanco Animal Health today to acquire Bayer's Animal Health business, valued at $7.6 billion. (more...)
- August 21, 2019
It develops, manufactures and markets products for companion and food animals. Indiana State Department of Agriculture Director Bruce Kettler issued the following statement on the agreement announced by Elanco Animal Health today to acquire Bayer's Animal Health business, valued at $7.6 billion. (more...)
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Retail Sales Post Solid Advance to Close Moderate 2019