Économie

Kudlow's comments on trade keep Wall Street afloat

Kudlow's comments on trade keep Wall Street afloat Leading the most actives were Advanced Micro Devices ( AMD ), Bank of America ( BAC ) and Apple ( AAPL ), which rose following the U.S. Supreme Court's decision not to hear an appeal in the University of Wisconsin's claim the iPhone-maker appropriated technology incorporated in the 5s, 6 and 6 Plus without permission. [Full Article...]

FT: HSBC to slash up to 10,000 jobs

FT: HSBC to slash up to 10,000 jobs In the same month, its group chief executive and director of HSBC Holdings John Flint stepped down, prompting Noel Quinn to be appointed as interim group chief executive and a director of HSBC Holdings. HSBC is reportedly implementing a cost-cutting scheme named "Project Oak" that may threaten 10,000 jobs, according to media outlets such as ST and FT. [Full Article...]

RBI rate cut to complement government’s measures to boost growth: Finance Ministry

RBI rate cut to complement government’s measures to boost growth: Finance Ministry Also, RBI's revision of real GDP growth for FY20 downwards to 6.1 percent from 6.9 percent in the August policy and upward revision in CPI inflation projection slightly upwards to 3.4 percent for Q2 FY20 from 3.1 percent earlier spooked investors. [Full Article...]

Lanka may face indirect consequences — European Union trade battle

Lanka may face indirect consequences — European Union trade battle With US officials slapping the 25% tariff on single-malt whiskies coming from the United Kingdom but not from the Republic. But officials also indicated they still hoped to find common ground to avoid escalating trade tensions that risk battering economies across the globe. [Full Article...]

PayPal bails on Facebook-led Libra cryptocurrency dream

PayPal bails on Facebook-led Libra cryptocurrency dream Although there has been no official announcement from any other member, these payment companies are said to be uneasy about being on the wrong side of the law and would do anything to avoid authorities breathing down their necks. The Libra Association, based in Switzerland, was supposed to give the currency project a comfortable arm's length distance from Facebook , which wouldn't own Libra . [Full Article...]

Tehran Will Use All Possible Means For Crude Oil Export - Iranian Minister

Tehran Will Use All Possible Means For Crude Oil Export - Iranian Minister Total had planned to invest $1 billion under its 2017 contract with Iran , but backed out of the project amid pressure from Washington , which has reimposed us sanctions on Tehran in response to its nuclear and ballistic missile programs and is calling on other countries to stop doing business with Iran . [Full Article...]

Cut: Repo by 25 bps, GDP by 80 bps

Cut: Repo by 25 bps, GDP by 80 bps To its credit, the MPC has faithfully and succinctly provided its analysis and assessment of the current situation: underlying the growth deceleration for five consecutive quarters culminating in a dismal 5 per cent in the first quarter of 2019-20 from the demand perspective was a sharp slowdown in private consumption expenditure to an 18-quarter low, and a muted gross capital formation for the la... [Full Article...]

Apple's Tim Cook Dismisses Cryptocurrency Plans

Apple's Tim Cook Dismisses Cryptocurrency Plans Unfortunately, the excitement was short-lived as Cook states he is not sure about the idea of private companies getting into designing a competing currency . The Libra road has been significantly rough however, as U.S. Congressmen have not been very supportive about allowing Facebook to wield that much power. [Full Article...]

Cafom : vers une cession d'Habitat

Cafom : vers une cession d'Habitat Le conseil d'administration du Groupe Cafom a annoncé jeudi l'ouverture d'un processus de cession de sa filiale de magasin d'ameublement et de décoration Habitat. Cette annonce intervient un an après que Cafom a lancé un plan de redressement de l'enseigne. L'enseigne a réalisé un chiffre d'affaires de 56,3 M€ au premier semestre 2019 pour 5,4 M€ de pertes. [Full Article...]

Économie en Guadeloupe: Offre de dernière minute pour sauver XL Airways

Économie en Guadeloupe: Offre de dernière minute pour sauver XL Airways Aucune information n'a filtré pour le moment sur le nombre de salariés qu'il reprendrait sur les 570 que compte la compagnie low cost. " LIRE AUSSI - Faillite d'Aigle Azur: que vont devenir les créneaux horaires laissés vacants? ". Dans l'hypothèse où son offre serait cette fois retenue, Gérard Houa a d'ores et déjà annoncé qu'il supprimerait les liaisons avec la République dominicaine, les... [Full Article...]

National Taco Day 2019: Where to Get Taco Deals and Freebies

National Taco Day 2019: Where to Get Taco Deals and Freebies October 4 is National Taco Day , which means your favorite Mexican restaurants are offering up some epic deals on the beloved food item! The only catch is that this deal is limited to 5 tacos per person. You only get one taco per customer but consider a nice, free appetizer before you really dig in. Nope. Instead, you're supposed to be generous yourself - and give someone a " gift set " of fo... [Full Article...]

India's central bank cuts rates again

India's central bank cuts rates again Last month , the RBI took the rare step of limiting withdrawals from PMC, causing depositors to besiege the bank's branches to retrieve their money. Given that the 110 bps rate cut so far has not quite led to the uptick in investment, one can look upon the series of rate cuts as being work in progress to lower the cost of capital gradually over time so that when the investment cycle looks to pic... [Full Article...]

UAW strike forces GM to close Mexican pickup truck factory

UAW strike forces GM to close Mexican pickup truck factory Both sides were still talking Wednesday. The exact number of layoffs has yet to be revealed but industry experts said job cuts are already well over thousands. Cornell's Wheaton said both sides are haggling over labor costs that amount to less than 5% of the sticker price of a auto, so he said he sees room for both sides to bargain. [Full Article...]

US Manufacturing Slumps for 2nd Straight Month

US Manufacturing Slumps for 2nd Straight Month President Trump has blamed the Federal Reserve for the decline in manufacturing, claiming that the strong dollar is what caused the drop. And, while much of this by definition involved higher European imports, this gave associated United Kingdom manufacturing a boost too. [Full Article...]

USTR Official: US will impose retaliatory tariffs on European Union imports

USTR Official: US will impose retaliatory tariffs on European Union imports After the EU's Airbus captured a significant share of the world market for civil aircrafts in early 2000, the U.S. launched a massive trade dispute against Airbus saying that the European company benefited largely because of launch aid/member state financing (LA/MSF) for large civil aircraft granted by France, Germany, Spain, and the United Kingdom. [Full Article...]

Korean-Founded U.S. Fashion Chain Goes Bust

Korean-Founded U.S. Fashion Chain Goes Bust Started as a single store in Highland Park in 1984 by a Korean immigrant couple, Forever 21 employed 43,000 and had $4.1 billion in annual sales at its peak. Forever 21 popularized fast fashion . Do you think the retail sector is still a good place to invest? "The numbers bear out the crisis facing traditional retailers". [Full Article...]

Soybeans, corn, wheat retreat from highs, US crop eyed

Soybeans, corn, wheat retreat from highs, US crop eyed Still, recent Chinese purchases of US soybeans and lower-than-expected estimates for North American supplies limited losses. Wheat stocks were slightly above expectations at 2.385 billion bushels. Wheat futures retreated on investors' technical selling and strong competition for global export business. Soybeans firmed 2.6 per cent on Monday. The deals offered some support to a market anxious t... [Full Article...]

Mahindra, Ford Motor To Form Joint Venture, Deal Valued At $275 Million

Mahindra, Ford Motor To Form Joint Venture, Deal Valued At $275 Million As per the terms of the agreement, Mahindra will own a 51 per cent controlling stake (incharge of operational management) in the JV, while the remaining stake will go to Ford. Ford has two manufacturing plants in India. Under the terms of the deal , which is likely to be finalised by mid-2020, Ford will transfer its local automotive assets, including both its auto manufacturing plants in the co... [Full Article...]

Petrol and Diesel Prices Rise in Delhi, Mumbai and Kolkata; Check Rates

Petrol and Diesel Prices Rise in Delhi, Mumbai and Kolkata; Check Rates According to the AA's fuel price analysis, over 60pc of the cost of a litre of petrol is now made up of taxation, with over 55pc of the cost of a litre of diesel consisting of tax. A week later, by Friday, September 20, Brent prices were back in the $64 per barrel range. Wednesday 2nd October to be more precise, as the department of mineral resources and energy announced yesterday an increase ... [Full Article...]

Bientôt des Ouigo entre la gare de la Part-Dieu et la gare de Lyon à Paris — SNCF

Les horaires de départs seront donc vraisemblablement tôt le matin, tard le soir ou pendant les heures creuses. Trois allers-retours quotidiens seront proposés, de centre à centre, entre 6h26 et 23h30. Dès 2020, Trenitalia (filiale des chemins de fer italiens) devrait arriver avec son TGV Thello, selon nos confrères du Monde . Ouigo , un succès pour la SNCFAvec 18 millions de passagers selon le... [Full Article...]


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