Money


Tencent takes 10% of Universal Music Tencent takes 10% of Universal Music
- January 03, 2020

The deal , which gives UMG a total enterprise value of €30 billion, also gives the consortium an option to acquire an additional stake of up to 10% on the same terms until January 15 next year, meaning that both transactions could bring €6 billion to Vivendi's coffers. (more...)
Tesla Reports Record Q4 Deliveries Tesla Reports Record Q4 Deliveries
- January 03, 2020

Tesla's new factory in Shanghai, China , produced just under 1,000 cars for sale and has deliveries have started in the world's largest auto market, the company said in a prepared statement. "Our delivery count should be viewed as slightly conservative, as we only count a vehicle as delivered if it is transferred to the customer and all paperwork is correct", the company said in a press release . (more...)
These are the world's safest and most punctual airlines
- January 03, 2020

A list of the 10 safest low-priced airlines of 2020 was also revealed, reported Liberty Times . In total it studies more than 400 carriers. According to AirlineRatings.com Editor-in-Chief Geoffrey Thomas, these airlines are standouts in the industry and are at the forefront of safety, innovation, and launching of new aircraft. (more...)
Sen. Hawley to file motion to dismiss articles of impeachment Sen. Hawley to file motion to dismiss articles of impeachment
- January 03, 2020

In December, Trump became the third president in American history to ever be impeached. Greater clarity of the future of Trump's impeachment could be derived Friday when the US Senate reconvenes and Senate Majority Leader Mitch McConnell is likely to speak on the floor. (more...)
Spain's Manufacturing Sector Extends Decline In December: PMI Spain's Manufacturing Sector Extends Decline In December: PMI
- January 03, 2020

The Nikkei/Markit purchasing managers' index in December rose to 50.1, from 49.4 in November. It has remained below the 50 line separating growth from contraction since June. The PMI survey showed business sentiment for the next 12 months was cheered by optimism on greater demand in new products and hopes for the trend in the global manufacturing industry to pick up. (more...)
China to cut reserve requirement for banks as economy slows China to cut reserve requirement for banks as economy slows
- January 03, 2020

It said there was no intention to flood the banking system with liquidity which would "remain basically stable, flexible and moderate". It brought the ratio for big banks down to 12.5%, compared with 17% at the start of 2018. Currently, the required reserve ratio is 13 percent for large financial institutions and 11 percent for smaller ones since the last adjustment came into effect on September 16 . (more...)
Japan Airlines offers 50000 free flights to worldwide tourists Japan Airlines offers 50000 free flights to worldwide tourists
- January 03, 2020

Japan Airlines (JAL) is giving away 50,000 free round trip tickets for foreign visitors who wish to visit the country between July 1 and September 30, 2020, CNN reported. All Nippon Airways, Japan's largest airline, will be offering discount airfares to lesser-visited parts of Japan this summer. Almost 2.5 million foreign residents visited Japan in October 2019 alone, according to JTB Tourism Research . (more...)
GRT offering extended service, free rides on New Year's Eve GRT offering extended service, free rides on New Year's Eve
- January 03, 2020

Fiacco and his crew will make sure that you and your vehicle get home safely after a night out. The process involves calling a taxi company and telling them "It's on McDivitt". But the transit authority says there will be additional service and extended hours on buses, SkyTrain and Canada Line this New Year's Eve. The program is available from 10 p.m.to 3 a.m. (more...)
USA stock indexes open higher on first trading day of 2020 USA stock indexes open higher on first trading day of 2020
- January 02, 2020

London-listed shares .FTSE climbed 0.9%. Despite seeing the reading tick marginally higher than the first estimate, the worry is that we have not seen the post-election data provide any decent improvement in terms of activity and business in the sector. (more...)
Georgia gas prices New Year Archives Georgia gas prices New Year Archives
- January 02, 2020

A gallon of gas in the OC is 1 cent less than one week ago and 23.1 cents lower than one month ago, but 19.4 cents higher than one year ago. The overall yearly national average is expected to be at $2.60, two cents less than last year, however, GasBuddy says the national average could jump as much at 75 cents per gallon this year between February and May. (more...)
Uber, Postmates sue to challenge California’s new labor law Uber, Postmates sue to challenge California’s new labor law
- January 02, 2020

The law was seen by many labor activists and struggling gig-economy workers as being a potential salvation that would lead to more full-time employment, while many - including those who prefer making a living on a freelance basis. The lawsuit marked the latest salvo in Big Tech's tooth-and-nail fight against the California law, which would require app-based firms like Uber to pay workers a minimum wage and give them benefits such as sick days. (more...)
Wall Street warns of road slowdown after 2019 boil Wall Street warns of road slowdown after 2019 boil
- January 02, 2020

Despite the downbeat start to the holiday-shortened week, the S&P 500 is on pace to finish the year with a gain of 28.5%, which would make be its strongest annual gain since 2013. Apple did in fact precipitate one of the biggest sell-offs of the year on January 3 with a warning of slowing demand for iPhones. His base case 2020 S&P 500 price target of 3,000 is almost 7 percent below where the index finished 2019. (more...)
Reliance JioMart set to take on Amazon, Flipkart, Big Basket, Grofers Reliance JioMart set to take on Amazon, Flipkart, Big Basket, Grofers
- January 02, 2020

A Reliance Retail official told the LiveMint that the company will soon launch an app for JioMart . This is similar to what Amazon Prime Now and Grofers are doing. It is also worth noting that JioMart does not come with any minimum order value, express-delivery, and "no-questions-asked" return policy. As per a report by ET, as an aggregator, JioMart will partner local grocers and equip them with points of sale (PoS) terminals, integrated billing applications, low-interest working ... (more...)
Google ends the Google ends the "Double Irish, Dutch Sandwich" tax system
- January 02, 2020

Google's 2017 filings to the Dutch government showed it moved €22bn (£19bn) through a shell company to Bermuda in 2018 by licensing intellectual property held in the tax haven. The scheme allowed companies like Google to shift large portions of profits overseas by licensing intellectual property rights to foreign subsidiaries by exploiting gaps between different countries' tax systems. (more...)
Gold wraps up best year since 2010 Gold wraps up best year since 2010
- January 02, 2020

Gold for February delivery on Comex closed up $4.50, or 0.3%, to settle at $1,523.10 an ounce, marking the the highest finish for gold since September 24 and its sharpest annual gain for the metal since 2010, according to FactSet data. "With liquidity much reduced in Asia, there is some potential for gold to spike higher on low volume with some risk hedging added into the mix", he said. (more...)
MAX fiasco fallout: Boeing to pay Turkish Airlines $225 million MAX fiasco fallout: Boeing to pay Turkish Airlines $225 million
- January 02, 2020

The year 2019, which has already been a controversial year for Boeing BA, seems to end on a dismal note for the aircraft manufacturing giant, with the recent announcement of its decision to temporarily suspend the production of 737 Max jetliner, beginning January 2020. (more...)
Global Stocks Cling onto Gains, Dollar Seems Under Pressure Global Stocks Cling onto Gains, Dollar Seems Under Pressure
- January 01, 2020

The South China Morning Post reported, citing a source, that Chinese Vice Premier Liu He is set to lead a delegation to Washington this Saturday to sign the phase one trade deal with the U.S. The trade-sensitive Australian dollar, Chinese yuan and Scandinavian currencies all rose to their highest levels in weeks. Sterling has gained almost 3% against the dollar and 5% versus the euro this year. (more...)
Stocks close strongest year since 2013 on winning note Stocks close strongest year since 2013 on winning note
- January 01, 2020

US -listed shares of Tencent Music Entertainment Group TME.N rose 1.0% after a consortium led by the China-based company agreed to buy a stake in Vivendi's Universal Music Group. Anthem slid 1.5% Humana dropped 1%. The Dow climbed 22.3%, its best year since 2017. The Nasdaq, which closed above 9,000 for the first time in late December, has marked 31 new highs this year, beating last year's 16 times. (more...)
Petrol, diesel prices continue to rise Petrol, diesel prices continue to rise
- January 01, 2020

State-run oil marketing companies on Tuesday increased the price of petrol by 10 paise in Delhi, Mumbai and Chennai and nine paise per litre in Kolkata. The government is now charging 17% general sales tax (GST) on all petroleum products. Its new price is Rs99.45 per litre. Apart from that, petroleum levy is being collected on these products from the consumers. (more...)
USA tariffs lead to job losses, higher prices for American manufacturing USA tariffs lead to job losses, higher prices for American manufacturing
- December 31, 2019

Aaron Flaaen and Justin Pierce's report from the Fed's Research and Statistics and Monetary Affairs Division found that the rates set in 2018 were accompanied by a loss of production jobs and increased production costs. Futures Soar on Positive U.S. It also uncovered that producers of aluminum sheets, steel products, transportation equipment, boilers and household appliances were among industries whose consumer prices increrased the most after tariffs were implemented. (more...)

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