Money


Hong Kong’s CKA snaps up Greene King in £2.7bn deal 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...)
Brent oil prices rise above $60, buoyed by U.S. stock drawdown 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...)
Guelph's first pot shop proposed for Downtown Guelph 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...)
US states ready antitrust probe of tech titans 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...)
Donald Trump: 'I Am the Chosen One' to Fight China 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...)
Direct London to Sydney flights a step closer with Qanats tests 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...)
Target, Lowe's results boost Wall St; stocks hold gains after Fed minutes 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...)
Top US CEOs say shareholders' profits no longer top priority 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...)
Report shows US deficit to exceed $1 trillion next year 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...)
The chicken sandwich tweet that started the latest viral Twitter debate 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...)
China's new lending reference rate set slightly lower at 4.25% 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...)
CK Noble purchase Greene King 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...)
India needs to reduce ecommerce restrictions to revive economy: Amazon executive 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...)
Fed minutes reveal members saw rate cut as 'mid-cycle adjustment' 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...)
United States govt to announce plan for longer detention of migrant families 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...)
Trump slams Fed, calls Chair Powell 'golfer who can't putt' 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...)
Yields rise from three-year lows, trade concerns remain 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...)
Court Blocks Dublin Ryanair Pilots From Striking This Week 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...)
US Steel lays off 200 MI workers temporarily 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...)
Elanco To Acquire Bayer's Animal Health Business For $7.6B 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...)

« previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 356 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 407 408 409 410 411 412 413 414 415 416 417 418 419 420 421 422 423 424 425 426 427 428 429 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 480 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 531 532 533 534 535 536 537 538 539 540 541 542 543 544 545 546 547 548 549 550 551 552 553 554 555 556 557 558 559 560 561 562 563 564 565 566 567 568 569 570 571 572 573 574 575 576 577 578 579 580 581 582 583 584 585 586 587 588 589 590 591 592 593 594 595 596 597 598 599 600 601 602 603 604 605 606 607 608 609 610 611 612 613 614 615 616 617 618 619 620 621 622 623 624 625 626 627 628 629 630 631 632 633 634 635 636 637 638 639 640 641 642 643 644 645 646 647 648 649 650 651 652 653 654 655 656 657 658 659 660 661 662 663 664 665 666 667 668 669 670 671 672 673 674 675 676 677 678 679 680 681 682 683 684 685 686 687 688 689 690 691 692 693 694 695 696 697 698 699 700 701 702 703 704 705 706 707 708 709 710 711 712 713 714 715 716 717 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 735 736 737 738 739 740 741 742 743 744 745 746 747 748 749 750 751 752 753 754 755 756 757 758 759 760 761 762 763 764 765 766 767 768 769 770 771 772 773 774 775 776 777 778 779 780 781 782 783 784 785 786 787 788 789 790 791 792 793 794 795 796 797 798 799 800 801 802 803 804 805 806 807 808 809 810 811 812 813 814 815 816 817 818 819 820 821 822 823 824 825 826 827 828 829 830 831 832 833 834 835 836 837 838 839 840 841 842 843 844 845 846 847 848 849 850 851 852 853 854 855 856 857 858 859 860 861 862 863 864 865 866 867 868 869 870 871 872 873 874 875 876 877 878 879 880 881 882 883 884 885 886 887 888 889 890 891 892 893 894 895 896 897 898 899 900 901 902 903 904 905 906 907 908 909 910 911 912 913 914 915 916 917 918 919 920 921 922 923 924 925 926 927 928 929 930 931 932 933 934 935 936 937 938 939 940 941 942 943 944 945 946 947 948 949 950 951 952 953 954 955 956 957 958 959 960 961 962 963 964 965 966 967 968 969 970 971 972 973 974 975 976 977 978 979 980 981 982 983 984 985 986 987 988 989 990 991 992 993 994 995 996 997 998 999 1000 1001 1002 1003 1004 1005 1006 1007 1008 1009 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 1021 1022 1023 1024 1025 1026 1027 1028 1029 1030 1031 1032 1033 1034 1035 1036 1037 1038 1039 1040 1041 1042 1043 1044 1045 1046 1047 1048 1049 1050 1051 1052 1053 1054 1055 1056 1057 1058 1059 1060 1061 1062 1063 1064 1065 1066 1067 1068 1069 1070 1071 1072 1073 1074 1075 1076 1077 1078 1079 1080 1081 1082 1083 1084 1085 1086 1087 1088 1089 1090 1091 1092 1093 1094 1095 1096 1097 1098 1099 1100 1101 1102 1103 1104 1105 1106 1107 1108 1109 1110 1111 1112 1113 1114 1115 1116 1117 1118 1119 1120 1121 1122 1123 1124 1125 1126 1127 1128 1129 1130 1131 1132 1133 1134 1135 1136 1137 1138 1139 1140 1141 1142 1143 1144 1145 1146 1147 1148 1149 1150 1151 1152 1153 1154 1155 1156 1157 1158 1159 1160 1161 1162 1163 1164 1165 1166 1167 1168 1169 1170 1171 1172 1173 1174 1175 1176 1177 1178 1179 1180 1181 1182 1183 1184 1185 1186 1187 1188 1189 1190 1191 1192 1193 1194 1195 1196 1197 1198 1199 1200 1201 1202 1203 1204 1205 1206 1207 1208 1209 1210 1211 1212 1213 1214 1215 1216 1217 1218 1219 1220 1221 1222 1223 1224 1225 1226 1227 1228 1229 1230 1231 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 1282 1283 1284 1285 1286 1287 1288 1289 1290 1291 1292 1293 1294 1295 1296 1297 1298 1299 1300 1301 1302 1303 1304 1305 1306 1307 1308 1309 1310 1311 1312 1313 1314 1315 1316 1317 1318 1319 1320 1321 1322 1323 1324 1325 1326 1327 1328 1329 1330 1331 1332 1333 1334 1335 1336 1337 1338 1339 1340 1341 1342 1343 1344 1345 1346 1347 1348 1349 1350 1351 1352 1353 1354 1355 1356 1357 1358 1359 1360 1361 1362 1363 1364 1365 1366 1367 1368 1369 1370 1371 1372 1373 1374 1375 1376 1377 1378 1379 1380 1381 1382 1383 1384 1385 1386 1387 1388 1389 1390 1391 1392 1393 1394 1395 1396 1397 1398 1399 1400 1401 1402 1403 1404 1405 1406 1407 1408 1409 1410 1411 1412 1413 1414 1415 1416 1417 1418 1419 1420 1421 1422 1423 1424 1425 next »