Money

Supreme Court quashes all mining leases in Goa

Supreme Court quashes all mining leases in Goa Soon after the order by the apex court, Parrikar told reporters, that the State Government would need two-three days to study the import of the order and formulate a response. Mining companies in Goa earlier lobbied to get the export duty on iron ore reduced given a large stockpile of already-mined ore in the state. The decision, the Bench said, was taken only to augment the revenues of the Stat... [Full Article...]

Mercedes-Benz apologises after upsetting Chinese consumers with Instagram post

Mercedes-Benz apologises after upsetting Chinese consumers with Instagram post Mercedes's Instagram post showed a white auto on a beach along with the Dalai Lama's words, " Look at situations from all angles, and you will become more open ". Mercedes-Benz's apology statement was posted in Chinese on its official Weibo microblog. "Some foreign companies are dredging up gold in China's market at the same time as they are harming the Chinese people, what do they want to do?" ... [Full Article...]

Tesco braces for £4bn lawsuit over gender pay gap

Tesco braces for £4bn lawsuit over gender pay gap Birmingham City Council is now liable for over £1bn pounds in payments after settling an equal pay claim from women employed as cleaners, cooks and carers. An equal pay claim has been made against supermarket giant Tesco over alleged gender pay disparity between store workers and depot workers' pay. They are still working their way through the legal system. [Full Article...]

After a steady rise, oil prices are now dropping sharply

After a steady rise, oil prices are now dropping sharply Asian shares were broadly lower on Monday as inflation fears fueled projections that global central banks may tighten monetary policy more aggressively in the near term. It said the price is expected to hit $78 per barrel within months, as new productions and supplies kicks off among the members of the Organisation of Petroleum Exporting Countries (OPEC) and non- OPEC members. [Full Article...]

All the reaction as England's World Cup kit is revealed

All the reaction as England's World Cup kit is revealed In the 1 minute 20 second clip, Wilfred Ndidi , John Obi Mikel, Alex Iwobi and Kelechi Iheanacho are shown giving their verdict on what is a dazzling offering from Nike. "Moreover, they celebrate everything we relish about our culture". We are also introduced to the athlete journey pieces which we'll likely see our players wear off the pitch. [Full Article...]

Overwatch introduces Year of the Dog event

Overwatch introduces Year of the Dog event The big attraction has to be the Ayutthaya map, which Kaplan calls "absolutely gorgeous". Previously, CTF games relied on existing maps for players to enjoy, making the Thailand map a first for Overwatch . In an attempt to even further balance the mode, heroes with abilities that increase mobility (such as Lúcio, Soldier: 76, and Winston) will no longer be able to use those abilities to their... [Full Article...]

Featured Stock to See: Vipshop Holdings Limited (VIPS)

Currently, Vipshop Holdings Limited (NYSE: VIPS ) has an average volume of 10.81 Million. The firm has "Buy" rating by Panmure Gordon given on Monday, February 22. Citigroup has "Neutral" rating and $156 target. The firm has "Hold" rating by Needham given on Thursday, October 19. The stock of ResMed Inc. (NYSE:BEN) rating on Thursday, November 10. [Full Article...]

Revenue Estimates of the Stock: Rio Tinto plc (RIO), Dominion Resources, Inc

Revenue Estimates of the Stock: Rio Tinto plc (RIO), Dominion Resources, Inc Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. Rio Tinto's coffers will also swell from its divestment program with the miner looking to sell off its non-core coal, aluminium and copper assets. [Full Article...]

Amid Volatility Surge, Credit Suisse Terminates VelocityShares ETN

Amid Volatility Surge, Credit Suisse Terminates VelocityShares ETN Investors may become hesitant to sell because they don't want to miss out on greater profits in the future. Dedicated investors may try strategies that have been passed on to them from other seasoned investors. Welles Wilder, and it oscillates between 0 and 100. We don't have a new financial crisis (yet), but we do have the steepest fall in Wall Street stocks in six years and a newly popularized... [Full Article...]

Elon Musk back to earth: Tesla's annual loss hits $2.7 billion

Elon Musk back to earth: Tesla's annual loss hits $2.7 billion The Model 3 numbers aren't a surprise - Tesla issued a " update in January stating that it had delivered 1,550 Model 3s to customers in the fourth quarter of 2017, and had another 860 en route to them. But first it needs to ramp up Model 3 production. The Palo Alto, California-based automaker is struggling to meet production targets for its first mass-market vehicle, the Model 3 sedan. [Full Article...]

White House has no regrets about touting economy despite swings

White House has no regrets about touting economy despite swings President Trump delivers remarks on tax reform at Sheffer Corporation in Blue Ash, Ohio on February 5, 2018. And while he often talks up the stock market - and even claims credit for its previously record setting heights - Mr. Since Trump was elected on November 8, 2016, to its peak on January 26, 2018, the Dow Jones industrial average gained a remarkable 45%. The Dow Jones Industrial Avera... [Full Article...]

Newspapers sold to raise digital sphere

Newspapers sold to raise digital sphere Physician Soon-Shiong is founder and chief executive of NantHealth , based in Culver City, and No. 1 on the Los Angeles Business Journal's 2017 list of Wealthiest Angelenos. The company has a market cap of almost $750 million. Watch Tronc's shares trade in real time here . Reporters at the Times were also alarmed by the recent hiring of several news executives who reported to business exec... [Full Article...]

US Prosecutors Charge 36 Suspects in Global Cybercrime Ring

US Prosecutors Charge 36 Suspects in Global Cybercrime Ring Attorney of Nevada, said in a call with reporters. One advert posted on Infraud's online forum in 2011 claimed to have 795,000 log-ins for British customers of HSBC, the indictment says. Along with Bondarenko, those arrested included a number of moderators for the forum, along with vendors and " VIP members ", although the overall number arrested was only a small percentage of the forum'... [Full Article...]

Black Lives Matter Leader Shot Dead in New Orleans

Black Lives Matter Leader Shot Dead in New Orleans The activist drew national attention last February when he was arrested for jumping over a barricade in an attempt to grab a Confederate flag away from a demonstrator at the College of Charleston. " He loved Charleston and loved fighting for what's right ", she said. "He was loved by all of his friends and respected by all those who want to see social and racial justice in Charleston". [Full Article...]

Walt Disney Co (DIS) Shares Bought by Condor Capital Management

Walt Disney Co (DIS) Shares Bought by Condor Capital Management About 11.06 million shares traded or 88.62% up from the average. ServiceNow, Inc. (NYSE:NOW) has risen 42.37% since February 5, 2017 and is uptrending. HM Capital Management LLC now owns 2,690 shares of the entertainment giant's stock valued at $305,000 after acquiring an additional 14 shares in the last quarter. [Full Article...]

The Coca-Cola Company (KO) year to date performance remained at 1.85%

Coca-Cola European Partners plc (NYSE:CCE) ended its day at 37.49 with the rising stream of -0.13% and its total traded volume was 2.92 million shares more than the average volume. The shares were sold at an average price of $46.15, for a total value of $1,072,526.00. Frontier Invest Communication holds 1.71% or 853,580 shares in its portfolio. [Full Article...]

Southwest Plane Slips and Slides at BWI Airport

Southwest Plane Slips and Slides at BWI Airport The plane was towed from the taxiway around 12:30 p.m. ET. No injuries are reported at this time. The FAA said they will investigate the incident. The passengers are being deplaned and bussed to the terminal. "As always, the safety and support of our customers and employees remains our primary focus and we are working to get them on their way as quickly as possible", Southwest spokesman Brian Pa... [Full Article...]

Broadcom will increase landmark bid to $121B to buy Qualcomm

Broadcom will increase landmark bid to $121B to buy Qualcomm Should Qualcomm reject it yet again, that would be the end of this whole acquisition story. Responding to the offer, Qualcomm said its board of directors would review the offer, according to Reuters . The new company will become the default supplier of certain components required to build over one billion smartphones a year. However, a recent report by Nomura analyst Romit Shah makes the de... [Full Article...]

U.S. stock volatility spikes; short volatility ETPs implode

U.S. stock volatility spikes; short volatility ETPs implode All this comes after a year in which global stock markets gained 22% . The Cboe Volatility Index , or VIX, spiked 84% on Monday, its largest single-day increase of all time, according to data going back to 1990. Japan's Nikken was off 4.73%, while China's Hang Seng Index fell more than 5%. The pan-European FTSEurofirst 300 index lost 1.51 percent and MSCI's gauge of stocks across the globe... [Full Article...]

Restrict on auto insurance coverage payouts to avoid wasting BC $1B yearly

Restrict on auto insurance coverage payouts to avoid wasting BC $1B yearly The changes also come into effect April 1, 2019. He said the legislation will propose a definition for minor injury that would include sprains, strains, mild whiplash, cuts, bruises and anxiety and stress after a crash. "The savings from this change, when coupled with other planned initiatives, will restore ICBC to financial sustainability and finance the planned accident benefit improvements", ... [Full Article...]


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