Money


Oil falls as USA economic worries linger Oil falls as USA economic worries linger
- October 04, 2019

US private sector employment increased by 135,000 jobs in September, a drop from 157,000 in August, according to the monthly ADP National Employment Report released on Wednesday. "It is simply impossible to predict where the next significant price support will come from, as the focus is firmly on economic developments, and those are anything but optimistic ", according to Tamas Varga of oil broker PVM. (more...)
PMC Bank Board Members, HDIL Promoters Charged With Money-Laundering PMC Bank Board Members, HDIL Promoters Charged With Money-Laundering
- October 04, 2019

Both the directors were summoned in September as well by the Mumbai Police to join a preliminary enquiry (PE) into alleged loan misappropriation and unauthorised sale of units. HDIL promoters allegedly colluded with the bank management to take loans from the its Bhandup branch in Mumbai , the FIR said. The withdrawal limit for account holders was also kept at Rs 1,000 for six months, which was revised upwards to Rs 10,000 and then again to Rs 25,000. (more...)
Uber launches a new app that connects workers with businesses Uber launches a new app that connects workers with businesses
- October 04, 2019

Uber is moving into temping, launching a flexible working app for pairing freelancers with jobs as the company continues the hunt for profits. TechCrunch notes that this technology joins a crowded market: "There are a large number of shift, temp and blue collar work finder apps targeting a similar fast-paced, high turnover employment need in the US and Europe - including the likes of Bacon , Catapult , Gig , JobToday , Limber , Rota , Shiftgig , Shiifty , Snag and Syft to name ... (more...)
HDIL`s Sarang Wadhawan, Rakesh Wadhawan arrested in PMC Bank scam HDIL`s Sarang Wadhawan, Rakesh Wadhawan arrested in PMC Bank scam
- October 04, 2019

The Enforcement Directorate (ED) has filed a money laundering case in the Rs 4,355 crore Punjab and Maharashtra Cooperative (PMC ) Bank fraud matter, sources in the agency said on Friday. The 44 borrower accounts allegedly linked to HDIL were masked by tampering with bank software. It also names the Wadhawans, who were beneficiaries of the loans. (more...)
National Taco Day Deals Happening in San Antonio National Taco Day Deals Happening in San Antonio
- October 04, 2019

You can give the gift of tacos with $5 digital gift cards , which will allow you to give the gift of tacos to a very special person not only on National Taco Day but for the upcoming holiday season. On Friday, October 4, you can get a free taco with any drink purchase at Rubio's Coastal Grill by showing this National Taco Day deal coupon when you order. (more...)
Samsung Pay gets worldwide money transfers and virtual debit card Samsung Pay gets worldwide money transfers and virtual debit card
- October 04, 2019

For now, this feature is only available for Samsung Pay users in the US. Samsung announced this morning that global money transfers have arrived inside of Samsung Pay , powered by Travelex, a Finablr company. That may sound like a whole lot of information, but for the most part, it's pretty standard stuff, and if you've ever used an worldwide money transfer service before, you're probably familiar with this entire process. (more...)
RBI Cuts Key Lending Rate By 0.25%, Here's What Experts Say RBI Cuts Key Lending Rate By 0.25%, Here's What Experts Say
- October 04, 2019

That has raised expectations the RBI will be forced to further downgrade its growth projection of 6.9 percent for the current fiscal year. If the MPC delivers a cut, as the street expects, it will be the fifth consecutive cut by the central bank since January. (more...)
ONTARIO: Numerous chicken products recalled by feds ONTARIO: Numerous chicken products recalled by feds
- October 04, 2019

The recall affects Northeast and North Atlantic Whole Foods stores located in Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, and Rhode Island. Listeria strikes 1,600 US citizens each year, killing around 260, according to the Centers for Disease Control and Prevention . The action came in response to a recall by Consider Bardwell Farm , the cheese manufacturer. (more...)
'Trump-deal Brexit': Corbyn condemns Johnson’s new proposals 'Trump-deal Brexit': Corbyn condemns Johnson’s new proposals
- October 04, 2019

Johnson said that if a deal was not possible then the United Kingdom would leave without a deal on October 31. The new plans to replace the Irish backstop , which Johnson described as "constructive and reasonable proposals" and "a compromise that I hope the European Union appreciates", are based around the establishment of a new regulatory border between Britain and Northern Ireland for four years. (more...)
Facebook Libra backers are having second thoughts Facebook Libra backers are having second thoughts
- October 04, 2019

Libra is also the focus of an antitrust investigation in Europe . It's nearly like it's a bad idea to trust Facebook with this! Even Swiss regulators are sometimes less than ebullient about the ramifications of the Libra stablecoin, which doesn't bode well for regulatory consensus to push the project forward. (more...)
Case against Google over tracking iPhone users to go ahead Case against Google over tracking iPhone users to go ahead
- October 04, 2019

High Court to dismiss the case was wrong, and that the claimant was now free to serve legal papers on Google in the US. Last October, the High Court quashed the case , even though over in the US, Google faced similar accusations and ended up coughing up a settlement of $22.5 million. (more...)
Facebook's strategy designed to take on TikTok leaked Facebook's strategy designed to take on TikTok leaked
- October 03, 2019

However, some experts believe that breaking up big tech would be a bad decision . "I am deeply concerned right now that the space around companies like Amazon , Facebook, Google is now referred by venture capitalists as the kill zone", Warren said in a recent interview. (more...)
Forever 21 plans to close most Cincinnati-area locations Forever 21 plans to close most Cincinnati-area locations
- October 03, 2019

The affected locations, which include Fashion Valley, University Towne Center, and Parkway Plaza in El Cajon, could be shut down "pending the outcome of continued conversations with landlords", according to court documents. The apparel retailer will close up to 178 stores in the United States. Forever 21 Canada now has 44 stores in Alberta, British Columbia, Manitoba, Ontario, Quebec and Nova Scotia and employs approximately 2,000 people. (more...)
Tesla deliveries miss Wall Street estimates; shares fall 6% Tesla deliveries miss Wall Street estimates; shares fall 6%
- October 03, 2019

Tesla CEO Elon Musk had hinted the electric carmaker could reach 100,000 vehicles delivered in the third quarter. That was below analysts' estimates of 97,477 vehicles, according to IBES data from Refinitiv. The company also reported it built 96,155 vehicles in Q3. "We know of no operational issues that could have prevented TSLA from delivering more vehicles if demand were available", JMP Securities wrote in a research note as it cut its rating on Tesla shares to market perform from ... (more...)
Germany may have fallen into recession in September, services PMIs show
- October 03, 2019

Taken as a whole, this week's PMIs pointed to the sharpest fall in employment since December 2009. Commercial activity was the worst-performing segment in September. The PMI data are not a fail-safe guide to the outlook for the economy. Williamson said the PMI indicated the bloc's economy would expand 0.1 per cent this quarter at best, weaker than the 0.2 per cent predicted in a Reuters poll last month. (more...)
What newly released ISM data meas for the U.S. dollar & its economy What newly released ISM data meas for the U.S. dollar & its economy
- October 03, 2019

And for companies that have a global export product, or a high portion of input costs coming from China , that have yet to make a plan, that falls on them for not being proactive. "Most of the materials are not made in the USA and made only in China", said an executive at a food and beverages manufacturer . Greater weakness may threaten President Donald Trump's re-election prospects in 2020. (more...)
Chevrolet Corvette C8.R To Battle It Out With European Racers Chevrolet Corvette C8.R To Battle It Out With European Racers
- October 03, 2019

The convertible Stingray follows on from the reveal of the the mid-engined C8 Corvette in July. and it came with a surprise in tow. The convertible maintains the tunnel-dominant structure and use of high-integrity die-cast parts found in the Stingray coupe . (more...)
United Kingdom response to WTO ruling on Airbus United Kingdom response to WTO ruling on Airbus
- October 03, 2019

The World Trade Organisation authorised the United States to impose duties on $7.5 billion worth of European goods after it decided that the EU failed to end subsidies for Airbus . By contrast, they said, imposing tariffs only on future orders from the European Union would give airlines an incentive to buy USA -made planes. The surprise decision to omit imported aircraft sections came in a list of tariffs that was smaller in percentage terms and in scope than initially signalled by ... (more...)
Over to EU now on Brexit, Britain says after last ditch offer Over to EU now on Brexit, Britain says after last ditch offer
- October 03, 2019

The compromise moves a step closer to a Northern Ireland-only backstop - something the European Union has long pushed for, said Sam Lowe, senior research fellow at the Centre for European Reform. With the European Union still left wondering whether Johnson was truly seeking an agreement or just trying to create a semblance of negotiation to then blame it if and when it fails, the bloc was cautious. (more...)
Google 'tracking iPhone users' case goes ahead
- October 03, 2019

These were then offered to subscribing advertisers to choose from when deciding who to direct their marketing to, according to the claim. It was brought by Richard Lloyd , former director of the consumer rights group Which? Mishcon de Reya, the authorized agency appearing for one of many consultant claimants, described the appeals courtroom transfer as " groundbreaking " because it " confirms quite a few essential authorized rules beneath Knowledge Safety regulation ", and will even mark ... (more...)

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