Business


CBOE May Launch Ether Futures by the End of 2018 CBOE May Launch Ether Futures by the End of 2018
- September 02, 2018

The next step, according to the report , is to wait for approval from the CFTC . The plan, which was initially revealed by Business Insider , had its impact on the cryptocurrency market. While anticipation for bitcoin futures contracts is believed to have helped the flagship cryptocurrency surge to a new all-time high of almost $20,000 in mid-December, shorting them is also believed to have helped it drop. (more...)
Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate' Donald Trump Scraps Federal Employees' Planned Pay Raise, Calls It 'Inappropriate'
- September 02, 2018

The president's tax and spending reforms are slated to add more than $ 1 trillion to the deficit over ten years, according to government figures. Mark Warner, D-Va., called it "the latest attack in the Trump Administration's war on federal employees". (more...)
Statement by the IMF's Managing Director on Argentina Statement by the IMF's Managing Director on Argentina
- September 02, 2018

In efforts to prop up the currency the bank has sold more than $13.5 billion this year, leaving it with $54.3 billion in foreign currency reserves. President Mauricio Macri asked the International Monetary Fund on Wednesday for an early release of funds from a USD50 billion deal with the IMF to ease concerns that Argentina will not be able to meet its debt obligations for 2019. (more...)
KFC offers $11000 prize for first baby named Harland born on Sept KFC offers $11000 prize for first baby named Harland born on Sept
- September 01, 2018

Entries for the contest are open, although entries can not fully be submitted until after your baby is born on September 9. Parents must legally register their child's first name as Harland and register their details with KFC within a month of the birth. (more...)
India’s GDP Grew 8.2% in the Last Quarter India’s GDP Grew 8.2% in the Last Quarter
- September 01, 2018

The latest figures, which mark India´s highest growth rate in eight quarters, shot up from 5.6 per cent for the same period past year and reinforces the country´s status as one of the world´s fastest growing economies. It had slowed down to 5.6 per cent in the April-June quarter in 2017, before picking up pace and touching 7.7 per cent in the July-September quarter in 2017. (more...)
Toomey: US-Mexico Deal Needs Canada On Board For 'Fast Track' Option Toomey: US-Mexico Deal Needs Canada On Board For 'Fast Track' Option
- September 01, 2018

A key element of the US-Mexico talks has been content requirements for autos, which Mexico agreed to increase to 75 percent from North America to get duty free NAFTA treatment. "I have said that is not acceptable to us". The U.S. Congress also wants a deal that includes Canada. "On that particular issue, what benefits the United States also benefits Canada". (more...)
US President Donald Trump threatens to withdraw United States from WTO US President Donald Trump threatens to withdraw United States from WTO
- September 01, 2018

Trump said he was considering the possibility of withdrawing the U.S. from the organization during an interview with Bloomberg News on Thursday. A U.S. sovereignty as some decisions have gone against the country. The US President, who is engaged in a trade war with China and the European Union over steel tariffs, has demanded changes to the way the WTO is run. (more...)
Canada NAFTA Talks Will Resume Wednesday Despite Break Off Canada NAFTA Talks Will Resume Wednesday Despite Break Off
- September 01, 2018

Lighthizer's statement Friday said Trump intends to sign a new trade deal with Mexico , whether or not Canada is part of it. In its deal this week with Washington, Mexico agreed to raise its level to US$100 from US$50. What about other trade agreements? Mr Trump has also threatened to withdraw the U.S. from the World Trade Organization ( WTO ), saying it treats his country unfairly. (more...)
Ford Cancels China-Made Import Because Trump Ford Cancels China-Made Import Because Trump
- September 01, 2018

Ford had planned to begin shipping a new version of the Focus from China, starting in the second half of 2019. Ford also said it will not change its mind about dropping the Focus Active from its lineup should the tariffs go away. Moody's Investors Service this week downgraded the company's credit rating to a step removed from junk, citing risks associated with a turnaround effort that Chief Executive Officer Jim Hackett has warned could be costly and take years. (more...)
EU set to end switch between summer and winter time: Juncker EU set to end switch between summer and winter time: Juncker
- September 01, 2018

Outside the EU, a number of European countries have stopped switching between summer and winter time, including Russia, Turkey and Iceland. "Millions of Europeans used our public consultation to make their voices heard", Bulc said. The Commission's proposal will require support from the 28 national governments and MEPs to become law. Research shows that the time change messes up people's sleep schedules and can negatively impact workplace productively, though supporters of the practice ... (more...)
Rupee pares early losses, down 10 paise at 70.69 against United States dollar Rupee pares early losses, down 10 paise at 70.69 against United States dollar
- August 31, 2018

The Indian currency has now lost almost 10 per cent since January making it Asia's worst performing currency. Apart from high crude oil, outflow of foreign funds from the Indian equity and bond markets has had an adverse impact on the rupee. (more...)
India's GDP growth surges over 8 percent, boost for Modi before election
- August 31, 2018

It easily surpassed the 6.7 percent growth posted by China for the same quarter, and it restored India's growth to levels posted by the Congress governments during the decade before Modi's Hindu nationalist Bharatiya Janata Party swept to power in 2014. (more...)
Maker of James Bond's favorite sports vehicle eyes stock market Maker of James Bond's favorite sports vehicle eyes stock market
- August 31, 2018

Existing investors will sell shares in the IPO, leading to about 25 per cent of the company's stock trading on the London Stock Exchange , the company said. "Today's results show that we have continued to deliver sustainable growth, margins and value for our shareholders whilst launching three new models and variants in the first half of the year". (more...)
Coca-Cola takes plunge into coffee with $5.1 billion Costa deal Coca-Cola takes plunge into coffee with $5.1 billion Costa deal
- August 31, 2018

Whitbread said it would return cash to shareholders, cut debt and contribute to its pension fund with proceeds from the deal and further expand its hotel chain Premier Inn in Britain and Germany. The deal is subject to the agreement of Whitbread's shareholders and various other approvals, including from anti-trust regulators. It is expected to complete in the first half of next year. (more...)
Buffett says Berkshire buying own stock, and more of Apple Buffett says Berkshire buying own stock, and more of Apple
- August 31, 2018

For Berkshire, which is under pressure to find investments and whittle down a $108.6 billion stockpile of cash, this marks a rare shift in strategy. The news comes in at a time when India has turned into a battleground for winning the digital payments war. (more...)
Brexit fallout: Panasonic to move Europe headquarters from United Kingdom to Amsterdam
- August 31, 2018

A man is seen next to Panasonic Corp's logo at Panasonic Center in Tokyo, Japan, February 2, 2017. Laurent Abadie, the newspaper said, feared Panasonic being hit with back taxes in the electronics firm's home market if the United Kingdom government carried through threats to protect foreign investment after Brexit by further slashing corporate tax rates. (more...)
Trump cancels pay raise due federal workers in January Trump cancels pay raise due federal workers in January
- August 31, 2018

Trump wrote . Washington has 75,525 people working for the federal government as of mid-2017, according to Governing . Military members are set to receive a 2.6. Reaction on Thursday from Democrats was swift, particularly those from states adjacent to Washington, where large numbers of federal workers reside. (more...)
Caught on Camera: Tesla Model S makes 100-foot jump; driver charged Caught on Camera: Tesla Model S makes 100-foot jump; driver charged
- August 31, 2018

Multiple angles show the auto traveling at an unsafe speed and ramping a set of railroad tracks. Investigators said the vehicle went airborne, landing 100 feet away before crashing into the parking lot and colliding with a a tree. A Canadian man discovered his Tesla could fly, the downside being that it's now "demolished". The vehicle crashed into the parking lot of a public school, and the driver and a passenger both suffered minor injuries, according to Barrie Today . (more...)
Trans Mountain responds to Federal Court of Appeal decision Trans Mountain responds to Federal Court of Appeal decision
- August 31, 2018

The court case combined almost two dozen lawsuits calling for the energy board's review of Kinder Morgan Canada Ltd.'s project to be overturned. "The project should never have been approved, and we are greatly encouraged that the Federal Court of Appeal has recognised the need for Canada to uphold Indigenous Title and Rights on projects on their territories, and fulfil their commitments to true reconciliation", Chamberlin said in a statement. (more...)
JetBlue Hikes Checked Baggage Fees, First Bag Hits $30 JetBlue Hikes Checked Baggage Fees, First Bag Hits $30
- August 30, 2018

JetBlue will also be raising its fee for changing or canceling your ticket worth more than $200. The previous fee structure still applies to all tickets purchased before August 27. Mcgraw also added saying that the airline's Blue Plus fares, which typically cost $10-15 more than standard economy fares, include a free checked bag along with other benefits. (more...)
YouTube alternative Facebook Watch launches in the UK YouTube alternative Facebook Watch launches in the UK
- August 30, 2018

To find it in your Facebook app on Android (or iOS ) you can just hit the Watch icon in your shortcuts bar or the "More" bookmark. "The amount we're investing in this obviously is going to scale with the size of the opportunity, and obviously we're scaling to the entire globe", Matthew Henick, Facebook's head of content strategy and planning, said in an interview. (more...)
Vodafone pledges $5/day roaming to remain after $11 billion TPG merger Vodafone pledges $5/day roaming to remain after $11 billion TPG merger
- August 30, 2018

TPG chairman and chief executive David Teoh will be chairman of the merged group, while Vodafone boss Iñaki Berroeta will be chief executive and managing director. TPG is Australia's second largest internet service provider, with more than 1.9 million subscribers, while Vodafone is the third largest mobile operator with 6 million subscribers. (more...)
Nigeria's GDP grows by 1.5% in Q2 2018 Nigeria's GDP grows by 1.5% in Q2 2018
- August 30, 2018

Chief Executive Officer Of Cowry Asset Management, Mr Johnson Chukwu, told Channels Television's on Channels Television programme, Business Morning said although the GDP Q2 report shows positive growth, the key sectors, however, did not perform positively. (more...)
Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver Elon Musk seems to revive 'pedo' claims against Thai cave rescue diver
- August 29, 2018

Some background: Musk called Unsworth a " pedo " on Twitter last month after Unsworth criticized a mini-submarine Musk contributed to the rescue attempt of 12 Thai soccer boys and their coach trapped in a cave with their coach. Unsworth later responded to Musk's comments, telling the Guardian: "I believe he's called me a paedophile". Subsequently, Unsworth said he might sue - and Musk apologized . (more...)
99.3 per cent of demonetised currency returned to banks: RBI 99.3 per cent of demonetised currency returned to banks: RBI
- August 29, 2018

At that time the demonised notes from Nepal and Bhutan were also yet to be counted. The overall reduction in detection of counterfeit notes was primarily due to the decline in cases of fake old Rs 500 notes. Similarly, 9,892 pieces of counterfeit notes were detected in the new Rs 500 banknotes in 2017-18 - a 4178 per cent jump from 199 in the previous fiscal. (more...)
Uncertainty Abounds as USA and Mexico Announce Trade Deal Uncertainty Abounds as USA and Mexico Announce Trade Deal
- August 28, 2018

Still, Mr Trump did hold the door open for an eventual resolution with China. Wall Street traders sent the Nasdaq and S&P 500 indexes to record highs following a new trade agreement between the U.S. On the surface, this sounds like something Canada can manage. Under the new agreement, to avoid tariffs, vehicle companies will have to make 75 percent of their parts in the US or Mexico instead of overseas. (more...)
Google Pay to Offer Pre-Approved Loans from Some Banks in India
- August 28, 2018

In addition to Assistant , Google Home will also support Hindi. Google Pay was launched in September 2017. Google also stated that over time, the company will bring many India-specific Tez features to Google Pay users in other countries just as the country has brought features launched elsewhere to India. (more...)
Big oil calls proposed NAFTA agreement with Mexico encouraging Big oil calls proposed NAFTA agreement with Mexico encouraging
- August 28, 2018

The U.S. president also threatened America's northern neighbor with penalties if there is no agreement . "It is our wish, Mr. President, that now Canada will also be able to be incorporated in all this", he said on the phone. But a senior Administration official insisted that wasn't the case on a conference call with journalists. Republicans in Congress, who are typically supporters of free trade, have pressed the White House to strike a deal, arguing that the relationship has benefited ... (more...)
Trump announces trade pact with Mexico
- August 28, 2018

Functionally, that likely means more vehicle parts will be built and assembled in the U.S. But it could also raise wages or add more higher-paying positions in Mexico, too. That measure could move some production back to the United States from Mexico and should lift Mexican wages, the White House official said. John Cornyn of Texas, the No. (more...)
President Trump Announces Renaming, Overhaul to NAFTA in 'Fairer' Deal with Mexico
- August 28, 2018

But in recent weeks, Washington and Mexico City chose to tackle their own bilateral issues first. A broad-based rally pushed USA stocks higher on Monday, with the S&P 500 and the Nasdaq closing at record highs for the second consecutive session as investor sentiment was buoyed by a trade agreement reached between the United States and Mexico. (more...)

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