Business

Business Amazon investment arm picks up 5% stake in Shoppers Stop
Author: 0 Amazon investment arm picks up 5% stake in Shoppers Stop

The move comes on the heels of rival Flipkart raising a war chest from Japan's SoftBank. On the other hand, the Indian online market is estimated around just 2 percent of the total retail in India. Promising further investment in India, Fashion Head of Amazon, Arun Sirdeshmukh said, "In line with this effort, we have entered into a bespoke partnership which enables two leading brands in the retail sector to draw upon each other's strengths to serve the customer base in India".

Business Academy welcomes bipartisan support to establish an Australian space agency
Author: 0 Academy welcomes bipartisan support to establish an Australian space agency

The Federal Government will detail the long-term plans at the 68th International Astronautical Congress in Adelaide, where the Opposition will also reveal its own plan. However at this point the research base is likely to be in Canberra and the operational base looks set for South Australia. "I am confident that with our unique geography, South Australia will naturally be at the forefront of an increased Australian presence in space industries", he said.

Business Yasir passes Pakistan fitness test
Author: 0 Yasir passes Pakistan fitness test

Pakistan has long yearned for home cricket and we are hopeful that this yearning will end soon. Pakistan chief selector Inzamam ul Haq announced the 16-member squad for the tour against Sri Lanka, which features five uncapped cricketers including fast bowler Mir Hamza, batsmen Haris Sohail and Usman Salahuddin, spin-bowling all-rounder Bilal Asif and left-arm Mohammad Asghar.

Business Nuclear War Isn't North Korea's Only Threat
Author: 0 Nuclear War Isn't North Korea's Only Threat

However, South Korea's meteorological agency says it detected 2 different types of seismic waves characteristic of a naturally-caused earthquake. Another U.S. The North Korean leader earlier labelled Mr Trump "mentally deranged" and a "dotard" while Mr Trump labelled Mr Kim a "madman" in response. Social media users in China said they "felt nothing" when Saturday's quake hit, while Russia's weather forecasting service said radiation levels were normal following the tremor, according to a ...

Business The day ATM withdrawal fees died in Australia
Author: 0 The day ATM withdrawal fees died in Australia

Reserve Bank of Australia data shows Australians made more than 250 million ATM withdrawals from banks other than their own a year ago, earning the banks millions of dollars. ANZ's group executive Fred Ohlsson said the bank knows the charge is "most unpopular". Consumer group Choice's spokesman Tom Godfrey said the decision could trigger the death of the ATM fee.

Business Valentino Rossi, the dream becomes real in Aragon
Author: 0 Valentino Rossi, the dream becomes real in Aragon

Rossi will start beside Jorge Lorenzo , the Ducati rider having to come through Q1 after a disappointing showing in FP3, and Vinales. "I have to thank all the people that helped me, starting with the doctor that did the surgery". Marquez, who qualified fifth on Saturday after crashing late on in Q2, was the first man to dip below the 1m50s barrier in warm-up with a 1m49.977s, which he lowered to a 1m48.976s next time around.

Business Russian Federation at United Nations slams 'military hysteria' over N. Korea
Author: 0 Russian Federation at United Nations slams 'military hysteria' over N. Korea

At a news conference Friday on the sidelines of the United Nations General Assembly, Russian Foreign Minister Sergey Lavrov once again hit back on claims his country meddled in the 2016 U.S. "Opening up this plan for negotiations basically would be disregarding this agreement", Lavrov said at a Friday press conference at the UN General Assembly.

Business Tremor detected in North Korea may be another test - China
Author: 0 Tremor detected in North Korea may be another test - China

The Comprehensive Nuclear Test Ban Treaty Organization, a watchdog group that works to end nuclear testing worldwide, said there were two seismic events, neither of very large magnitude. leaders this week. Exported refined oil products must be used fully on civil purposes, not for North Korea's nuclear and ballistic missile programmes, or other activities banned by the UN Security Council, the ministry said.

Business U.S. dollar declines as Fed meeting begins
Author: 0 U.S. dollar declines as Fed meeting begins

Janet Yellen has a press conference. The recent deadly hurricanes that caused catastrophic damage in two southern USA states might force the Fed to postpone a rate increase until next year, analysts said. The Dow Jones industrial average .DJI rose 39.45 points, or 0.18 percent, to end at 22,370.8, the S&P 500 .SPX gained 2.78 points, or 0.11 percent, to 2,506.65 and the Nasdaq Composite .IXIC added 6.68 points, or 0.1 percent, to 6,461.32.

Business Japan prepared to face N.Korean H-bomb threat
Author: 0 Japan prepared to face N.Korean H-bomb threat

Kim Jong-Un, the leader of North Korea, made a statement yesterday in response to President Trump's comments about him made at the United Nations. Trump spoke Thursday at a meeting in NY with the president of Afghanistan. Asian stocks fell, and the Japanese yen and Swiss franc gained after the North Korean statements.

Business AAFA urges negotiators to preserve TPLs in NAFTA
Author: 0 AAFA urges negotiators to preserve TPLs in NAFTA

When NAFTA took effect January 1, 1994, trade between the United States and Mexico was only $50 billion each way; previous year, USA exports to Mexico were almost quintuple that amount at $231 billion, and they supported 3 million U.S.jobs.

Business More Trouble For Uber As Company Is Kicked Out Of London
Author: 0 More Trouble For Uber As Company Is Kicked Out Of London

But the London transport firm says its regulation of London's taxi and private hire trades is created to ensure passenger safety - and Uber is not adhering to the rules. The government office also took issue with Uber's use of Greyball , a software that prevents law enforcement and other officials from gaining access to its app, and which is now under investigation by the U.S.

Business How Many Virgin Money Holdings (UK) PLC (LON:VM)'s Analysts Are Bearish?
Author: 0 How Many Virgin Money Holdings (UK) PLC (LON:VM)'s Analysts Are Bearish?

The company was maintained on Thursday, August 6 by N+1 Singer. Liberum Capital has "Hold" rating and GBX 2750 target. The firm has "Neutral" rating given on Monday, March 14 by JP Morgan. The shares were bought at an average cost of GBX 4,386 ($59.13) per share, with a total value of £397,415.46 ($535,816.99). Virgin Money Holdings (UK) PLC (LON:VM) has 0.00% since September 23, 2016 and is.

Business Rafa Benitez reacts to Tim Krul's permanent move to Brighton
Author: 0 Rafa Benitez reacts to Tim Krul's permanent move to Brighton

The visit of Newcastle , fresh from a hat-trick of Premier League wins, is followed by a trip to Arsenal and a home game against Everton for Albion either side of the next global break. The promoted Magpies head into the weekend sitting in fourth place after three successive league victories and targeting another at Brighton on Sunday.

Business Seismic activity detected near North Korean nuclear site
Author: 0 Seismic activity detected near North Korean nuclear site

Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on September 3 prompted the United Nations Security Council to impose further sanctions last week. North Korea also launched two intercontinental ballistic missiles (ICBMs) in July that appeared to bring much of the USA mainland into range. North Korea said its recent nuclear test was a detonation of a thermonuclear weapon built for its developmental ...

Business HPE to reduce staff by 10%
Author: 0 HPE to reduce staff by 10%

Shares of Micron Technology, Inc. RBC Capital Markets upgraded it to "Outperform" rating and $22 target in Thursday, July 20 report . Synovus Financial Corp raised its holdings in shares of Hewlett Packard Enterprise by 11.5% in the 2nd quarter.

Business Crude Oil: Compliance to Production Cuts Reach New Highs
Author: 0 Crude Oil: Compliance to Production Cuts Reach New Highs

Brent crude, the global benchmark, closed at $56.43 a barrel on Thursday, the highest level since February and an increase of more than 25 percent since June. "We need not only to keep up the pace but continue our coordinated joint actions in full, but also work out a strategy for the future, to which we will stick starting from April 2018", he said, adding oil demand was rising at a "high pace".

Business ITC rules affirmatively, and unanimously, in solar safeguard investigation
Author: 0 ITC rules affirmatively, and unanimously, in solar safeguard investigation

Suniva, based in Norcross, Georgia, filed its complaint with the commission in April, saying tariffs are the only way US manufacturers can compete with cheap imports from Asia. Photo Solar panels on a roof at the Brooklyn Navy Yard in NY. The bankrupt Suniva is majority owned by a Chinese company, and SolarWorld Americas' parent company is German.

Business Just Before You Decide to Upgrade Your Iphone?
Author: 0 Just Before You Decide to Upgrade Your Iphone?

The tweet issued yesterday is pretty clear that clogging up the 911 emergency system just to test a new iOS 11 feature is clogging up the emergency call system. Location Services and Continuity features, such as Handoff and Instant Hotspot, will also continue to work even if you've toggled off Wi-Fi or Bluetooth .

Author: 0 Key rate stays as is, Fed decides

USA benchmark 10-year Treasury note yields rose as far as 2.29 percent, the highest since August 8., a move which helped push bank stock prices higher also. But Federal Reserve Chair Janet Yellen said she believes the United States economy is ready for less economic stimulus. The Fed said it will not sell bonds or securities in the marketplace to avoid flooding and destabilizing the financial markets.

Business 'Good friends' Ranbir Kapoor, Mahira Khan spotted in NY
Author: 0 'Good friends' Ranbir Kapoor, Mahira Khan spotted in NY

The two actors had sparked dating rumours when they were spotted posing together at the Global Teacher Prize Gala in Dubai few months ago and a video where Mahira seemed to be pleading with Ranbir had also gone viral. How we react defines our own character. Pakistani singer and Afreen Afreen sensation Momina Mustehsan‏ also came in support of the actress and urged people to stop judging a woman so quickly by her lifestyle.

Business Markets in Red, Sensex Slumps 281 Points to 32088, Nifty at 10021
Author: 0 Markets in Red, Sensex Slumps 281 Points to 32088, Nifty at 10021

Meanwhile, the rupee fell to four-month low amid FII outflows on expectation of rate hike by the US Federal Reserve loomed investors sentiment. On the buzz, the 50-share NSE Nifty fell 156.00 points or 1.54% to 9,965.90 while the BSE Midcap and Smallcap indices were down 2.5% each.

Business Euro zone businesses beat forecasts as growth holds strong
Author: 0 Euro zone businesses beat forecasts as growth holds strong

The PMI for manufacturing soared to 58.2 from 57.4, confounding expectations for a fall to 57.1 and chalking up its highest reading since February 2011. The survey data point to 0.7 percent gross domestic product (GDP) growth for the third quarter, with accelerating momentum boding well for a buoyant end to the year, said Chris Williamson, chief business economist at Markit.

Business Sprint, T-Mobile Close to Merging … Or Not
Author: 0 Sprint, T-Mobile Close to Merging … Or Not

T-Mobile and Sprint are close to agreeing to terms of a merger, say sources speaking to Reuters . Hot on the heels of a rumor that claimed that T-Mobile and Sprint are in "active talks" about a merger , another report claims that an agreement is near.

Business Federal Reserve weans USA off stimulus
Author: 0 Federal Reserve weans USA off stimulus

The Fed gave few hints on the likelihood of a third rate increase this year, as the statement was little changed from the prior versions, so analysts will have to watch for Fed Chair Janet Yellen's post-meeting press conference for further indications.

Business Ryanair forced to pay for seats on rival airlines after cancellation scandal
Author: 0 Ryanair forced to pay for seats on rival airlines after cancellation scandal

Brian Strutton, general secretary of United Kingdom pilots" union Balpa, said the comments were "wrong' and would lead to safety fears. In a briefing to the media after the AGM, Mr O'Leary said a number of Ryanair pilots are to be offered a €10,000 annual pay rise where there are recruitment problems such as London Stansted, Dublin, Frankfurt and Berlin.

Business Hong Kong insurer AIA bulking up in Australia, New Zealand
Author: 0 Hong Kong insurer AIA bulking up in Australia, New Zealand

The transaction is expected to be completed in 2018, and make AIA the biggest life insurer in both Australia and New Zealand. AIA plans to reinsure most of the policies acquired in the deal. Australia and New Zealand chief executive Damien Mu told BusinessDesk that there are growth opportunities beyond the larger scale. The scandal was one of a series of crises that has rocked CBA in recent times, culminating in allegations of systemic breaches of money-laundering and terror-financing laws ...