Finance

Aramco's IPO value could rise to $29.4 billion: Banker

Aramco's IPO value could rise to $29.4 billion: Banker At that price, the company would be worth $1.7 trillion. The IPO, however, fell short of the Saudi Crown Prince's $2 trillion valuation. Riyadh and Washington have blamed the September strikes on Iran, which denies involvement. It was originally expected to sell around 5% through a dual-listing on the local market and on a major global stock exchange. Saudi Arabian government institutions spen... [Full Article...]

For November in Canada has risen the unemployment rate

For November in Canada has risen the unemployment rate A repeat of November's weak jobs report could force the central bank to reconsider, analysts said on Friday. Workers build the 2020 Ford Explorer at Ford's Chicago Assembly Plant in Chicago, Ill., on June 24, 2019. The jobs growth was the best since January's 312,000 and well clear of the November 2018 total of 196,000. Financial activities employment grew by 13,000, with the industry ... [Full Article...]

Almost 6,000 U.S. sexual assaults reported to Uber in 2017 and 2018

Almost 6,000 U.S. sexual assaults reported to Uber in 2017 and 2018 Uber bases its numbers on reports from riders and drivers, meaning the actual numbers could be much higher. Uber has a unit devoted to handling the most sensitive safety reports , but a September Washington Post investigation found that investigators are are instructed to keep the company's interests foremost, including through restrictions on their ability to report apparent felonies to poli... [Full Article...]

OPEC nears deal to reduce output target

OPEC nears deal to reduce output target However, Edward Moya, an analyst at Oanda, told AFP that the new cuts would be "more of a housekeeping move that will narrow the gap between (producers') current target and the overcompliance we have seen from the alliance". Bush. Brent crude oil hovered near $63 per barrel Thursday. Futures slipped 0.3% in NY having been whipsawed throughout the previous session after six hours of fraught O... [Full Article...]

USA threatens huge tariffs on French goods over digital tax

USA threatens huge tariffs on French goods over digital tax French sparkling wine, yoghurt and Roquefort cheese are on the latest list of goods that could be targeted as soon as mid-January, after a report from the U.S. Earlier this year , France voted in favor of a new tax on tech giants. "It's not the behavior we expect from the United States toward one of its main allies". [Full Article...]

Residents, police clash in southern China

Residents, police clash in southern China Especially after pro-democracy parties scored a landslide victory in Sunday's district council elections in Hong Kong , criticism against China's Communist Party has grown across the globe, making it " more hard for Japan to welcome Xi", the source said. [Full Article...]

Hong Kong Airlines delays salaries as protests hit tourism

Hong Kong Airlines delays salaries as protests hit tourism Hundreds of silver-haired activists joined young Hong Kong protesters for a unity rally Saturday, vowing that their monthslong movement will not fade away until there is greater democracy in the Chinese territory. The legislation slaps economic sanctions on individuals who commit human rights violations in Hong Kong and bars them from entering the US. "Markets got jittery this week as Trump ... [Full Article...]

Lexington Black Friday shoppers hit the stores hunting for bargains

Lexington Black Friday shoppers hit the stores hunting for bargains How many days do Amazon and Walmart run their Black Friday sales for? Retailers have made up additional shopping holidays like Cyber Monday and Prime Day. Do Amazon and Walmart offer Black Friday deals? According to research from GfK South Africa, televisions were particularly popular, with TV sales increasing by 66% to over 93,000 units on Black Friday 2018 compared to the year ... [Full Article...]

Lidl Black Friday 2019: Best UK deals, offers, discounts - what to expect

Lidl Black Friday 2019: Best UK deals, offers, discounts - what to expect When we look at the two week period that surrounds the actual Black Friday - including the sale prices the week before and after - Which one? found that three quarters (74%) of products were cheaper or at the same price in the next six months. [Full Article...]

Westpac CEO Brian Hartzer to step down

Westpac CEO Brian Hartzer to step down However, his so-far unvested short and long-term bonuses will not be paid and he will not be eligible for any future bonuses. Two top executives at Westpac ( WBK ), one of Australia's biggest banks, are out after the company was hit with extensive claims that it had systematically allowed money laundering on its watch. [Full Article...]

Honda City 2020: What to expect from fifth-generation sedan sultan

Honda City 2020: What to expect from fifth-generation sedan sultan The front bumper has also been updated, now housing just the central air intake and air vents on either side. Honda claims that the new engine delivers superior driving performance to the outgoing 1.5-liter unit and the same torque as a 1.8-liter power station. [Full Article...]

Instagram Expanding Test of Hiding Like Counts from Public View

Instagram Expanding Test of Hiding Like Counts from Public View As Adam Mosseri , head of Instagram tweeted on Thursday that there will be a small portion of people globally won't be able to see the number of likes on other people's photo anymore. They can tap through to view the Likers list but would have to manually count them. According to a TechCrunch report which quoted a study by HypeAuditor , Instagram influencers in countries where the ... [Full Article...]

Vodafone Idea at risk of 'imminent bankruptcy': ICICI Sec

Vodafone Idea at risk of 'imminent bankruptcy': ICICI Sec Analysts on average expected the company to report a consolidated net loss of 44.22 billion rupees for the quarter, according to Refinitiv data, although those figures did not include the charge. The Voda Idea CEO is hopeful that the government may extend AGR-specific relief "on the (quantum) of interest, penalties and interest on penalties as well as the principal amount after adjustment for er... [Full Article...]

Fiat Chrysler Q3 operating profit tops expectations on North America

Fiat Chrysler Q3 operating profit tops expectations on North America On the other hand, Groupe PSA employs 210,000 people and owns brands like Peugeot , Citro├źn , DS, Opel and Vauxhall . The Italian-American auto company on Thursday reported a loss of 179 million euros (nearly $200 million) due to weaker performance in Europe and by its luxury Maserati division. [Full Article...]

Trump blames impeachment inquiry for stock market dip

Trump blames impeachment inquiry for stock market dip The Fed lowered the target for its benchmark rate to a range of 1.5% to 1.75%. Last week, there was only an 18% chance of a 25-bps rate cut through the end of the year. United States hiring continues and unemployment is low, while inflation is creeping up to the Fed's 2.0 per cent target. Analysts, however, aren't so sure. [Full Article...]

Peugeot owner 'in merger talks with Fiat Chrysler'

In a short press release, PSA said: "Following recent reports on a possible business combination between Groupe PSA and FCA Group, Groupe PSA confirms there are ongoing discussions aiming at creating one of the world's leading automotive Groups". [Full Article...]

Hong Kong leader warns of harm to U.S. interests

Hong Kong leader warns of harm to U.S. interests Lam was able to deliver the annual address more than an hour later by video, but the hostile reception inside the Legislative Council marked a slap in the face for the embattled chief executive grappling with anti-government protests now in their fifth month. [Full Article...]

Trump considers the elimination of Chinese companies from United States stock exchanges

Trump considers the elimination of Chinese companies from United States stock exchanges A gauge of world equity markets had rebounded earlier, buoyed by optimism U.S. It was still heading towards its worst weekly performance since mid-August, though. Trump said on Wednesday a trade address China would possibly well perhaps perhaps well come sooner than folk whisper, and praised the Chinese purchases. [Full Article...]

Corporate tax cuts: Modi government's strike on bears

Corporate tax cuts: Modi government's strike on bears NDTV delivers reliable information across all platforms: TV, Internet and Mobile. On the flip side it will negatively impact the bond market as the revenue forgone due to the tax rate reduction will make it hard to stick to the gross fiscal deficit/gross domestic product budgeted target. [Full Article...]

US Secretary State Pompeo wants 'peaceful solution' to Iran tensions

US Secretary State Pompeo wants 'peaceful solution' to Iran tensions The US wants a peaceful solution to the crisis sparked by attacks on Saudi oil facilities , Secretary of State Mike Pompeo said Thursday, after Iran raised the prospect of " all-out war ". Pentagon spokesman Jonathan Hoffman said Thursday that the USA has a high level of confidence that officials will be able to accurately determine exactly who launched the attacks last weekend. [Full Article...]


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