Money

GDP growth in Q2 at 6.3% as economy perks up

GDP growth in Q2 at 6.3% as economy perks up The economy has broadly moved past the disruptions encountered after a shock ban on high-value banknotes in November 2016, economists said. GDP growth had slowed to a three-year low of 5.7 per cent in the April-June quarter. Quarterly GVA at basic prices for Q2 of 2017-18 from "manufacturing" sector grew by 7.0 percent as compared to growth of 7.7 percent in Q2 of 2016-17. [Full Article...]

Sensex crashes 453 points, Nifty at 10226 on fiscal worries

Sensex crashes 453 points, Nifty at 10226 on fiscal worries The BSE Sensex fell 453 points or 1.4% to 33,149 and the NSE Nifty50 Index declined 1.3% or 135 points to 10,226 mark. Investors turned conservative on Tuesday as the Sensex broke its forward march of eight days after the participants chose not to lower their guard further ahead of September quarter GDP data. [Full Article...]

EP is concerned about impact of Brexit on Irish border

EP is concerned about impact of Brexit on Irish border The UK can then spend the next decade trying to renegotiate on less favourable terms the 59 trade deals it now enjoys with other countries as a member of the European Union - and, more likely than not, dealing with a renewed IRA insurgency in Northern Ireland . [Full Article...]

India, S'pore to deepen naval ties

India, S'pore to deepen naval ties The Singapore minister called for more activities in the Andaman Sea and the Strait of Malacca which is one of the most important trade routes and the main shipping channel between the Indian Ocean and the Pacific Ocean. "Privileged to be flown on the Tejas, India's own designed and manufactured fighter aircraft". Ng was flown in the Tejas aircraft at Kalaikunda airforce station in West Bengal, ... [Full Article...]

USA crude stocks fall, but gasoline, distillates up

USA crude stocks fall, but gasoline, distillates up The API reported an unexpected build in crude oil stocks . January natural gas rose 1.6% to settle at $3.179 per million British thermal units, up sharply for a third-straight session on the back of weather-related expectations for higher demand. [Full Article...]

Xavier Rolet leaves London Stock Exchange with immediate effect

Xavier Rolet leaves London Stock Exchange with immediate effect [Full Article...]

Robots could destroy 73 million jobs in USA by 2030

Robots could destroy 73 million jobs in USA by 2030 The report studied 46 countries and over 800 occupations. Jobs are at risk across a number of sectors, from machine operation to data collection, due to the varied application of emerging automated technologies. China was cited as likely having the most to lose in its human employment makeup, with as many as 100 million in danger of losing their jobs if automation takes hold. [Full Article...]

Digital media company BuzzFeed cutting jobs in US, UK

Digital media company BuzzFeed cutting jobs in US, UK In a memo to employees, BuzzFeed Chief Executive Jonah Peretti said the jobs being cut in the US were all on the business side of the company. About 100 jobs in the U.S. Native ads are content created for advertisers that looked similar to BuzzFeed's popular, snarky videos, lists and quizzes. The reductions represent around eight per cent of its United States workforce and less than six pe... [Full Article...]

All American Airlines pilots got Christmas off thanks to a computer glitch

All American Airlines pilots got Christmas off thanks to a computer glitch [Full Article...]

CME Group Plans to Manage Customer Exposure to Bitcoin Futures

CME Group Plans to Manage Customer Exposure to Bitcoin Futures Over the summer, the Chicago Board Options Exchange, or CBOE, the largest USA options exchange, said that it will launch bitcoin derivatives trading products in the early part of 2018. If you're anxious about the soaring price of bitcoin, the financial industry has a solution: Bitcoin derivatives. In September, the price of bitcoin dived after Chinese regulators put curbs on fundraising and the tr... [Full Article...]

Nestle India rejects allegation of ash; says Maggi noodles safe for consumption

Nestle India rejects allegation of ash; says Maggi noodles safe for consumption On the other hand, lab test report of Maggi noodles confirmed the presence of ash content higher than the permissible limit in samples. The district administration also imposed a fine of Rs 45 lakh on Nestle, Rs 15 lakh on its three distributors and Rs 11 lakh on its two sellers. [Full Article...]

Chipotle CEO steps down after health scares and falling sales

Chipotle CEO steps down after health scares and falling sales Ackman's hedge fund, Pershing Square Capital Management, in September 2016 disclosed a 9.9 percent stake in Chipotle . Ackman told Reuters he fully supports Ells' decision. That same month Chipotle named four new directors to its board, including Pershing Square partner Ali Namvar and Matthew Paull, a Pershing Square advisory board member and former McDonald's chief financial officer. [Full Article...]

TODAY'S FORECAST: Sunny, high near 56

TODAY'S FORECAST: Sunny, high near 56 Night: Partly cloudy with a 20 percent chance for precipitation. Wednesday Sunny, with a high near 54. Skies clear again as the front treks east, allowing for another mostly sunny day. SATURDAY: Mainly sunny and dry. Low: low 20s. Day: Partly cloudy with a 20 percent chance for snow in the morning tapering to snow showers in the afternoon. [Full Article...]

Ocado surges on second worldwide partnership, with Casino signing deal in France

Ocado surges on second worldwide partnership, with Casino signing deal in France Yesterday, the company revealed a tie-up with with French supermarket company Groupe Casino that will see Ocado will build an automated warehouse to serve the Greater Paris, Normandy and Hauts de France regions. With the build and launch expected to take at least two years, Groupe Casino said it would pay Ocado for its front-end investment as well as ongoing fees based on utilization. [Full Article...]

Chicago, Cook County sues Uber for concealing data breech

Chicago, Cook County sues Uber for concealing data breech Credit card numbers and dates of birth were not obtained, Uber said. "When this happened, we took immediate steps to secure the data, shut down further unauthorised access, and strengthen our data security", it said in a statement. Uber is expected to begin reaching out to those affected shortly to notify them. News of the hack comes just months after Uber lost its London operating licence ... [Full Article...]

India's Jet, Air France-KLM announce tie-up on routes

India's Jet, Air France-KLM announce tie-up on routes Promising seamless connectivity to flyers between India and the west - Europe and Americas, - Jet Airways on Wednesday entered into an "enhanced cooperage agreement" with Air France-KLM. "Both airlines shall continue to work hand-in-hand for mutual benefits". For the current season, Air France, KLM and Jet Airways will operate 64 flights per week between the four Indian cities of Banga... [Full Article...]

Shoppers using both online, store options spent more after Thanksgiving

Shoppers using both online, store options spent more after Thanksgiving The biggest spenders were older Millennials (25-34 years old) at $419.52. "We are encouraged that we are starting from a position of strength", said Matthew Shay, CEO and president of the NRF . This bodes well for Cyber Monday and the remainder of the holiday season, as consistent growth of approximately 18% would be a good haul for most retailers . [Full Article...]

Air India catfight: Woman passenger, AI official slap each other at airport

Air India catfight: Woman passenger, AI official slap each other at airport The woman had booked a 5 am Air India flight from Delhi to Ahmedabad. "She reported at 0418 hrs for check-in and was denied boarding". According to sources, an argument ensued, leading to a scuffle and the passenger allegedly slapped the staffer, a woman. [Full Article...]

Canadian Hacker Pleads Guilty In Massive 2014 Yahoo Hack

Canadian Hacker Pleads Guilty In Massive 2014 Yahoo Hack Baratov is the only arrest to come out of the Yahoo hack as the other three individuals live in Russian Federation, which will not extraditing them to the United States. Baratov was arrested in Hamilton, Ontario, and later agreed to forego an extradition hearing and face the USA charges. Yahoo user accounts began being compromised at least as early as 2014. [Full Article...]

Scotiabank Q4 profit up, submits $2.9 billion offer for Chilean bank

Scotiabank Q4 profit up, submits $2.9 billion offer for Chilean bank The deal would double Scotia's market share in Chile to about 14%. Scotiabank ( BNS -2.4%) has been on a nice run higher since the spring, so investors are using the occasion of the rare earnings miss as an excuse to lighten up. Scotiabank's provision for credit losses, or money set aside for bad loans, was $536 million, down from $550 million in the same period a year earlier. [Full Article...]


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