Business


9000 bourbon barrels crash down in Kentucky warehouse collapse 9000 bourbon barrels crash down in Kentucky warehouse collapse
- June 25, 2018

Thousands of whiskey barrels were sent crashing into a massive heap Friday after a large section of a storage warehouse collapsed at a distillery in the heart of Kentucky bourbon country. Officials aren't sure if any of the bourbon spilled. The Kentucky Department for Environmental Protection has been on site and the Distillery team implemented a number of actions to minimize any environmental risk. (more...)
Bavarian conservatives heading towards 'German Brexit' over migration: SPD leader Bavarian conservatives heading towards 'German Brexit' over migration: SPD leader
- June 25, 2018

The Italian prime minister Giuseppe Conte said on Thursday that Italy agreed to participate on Sunday's mini-conference on migration, after Chancellor Angela Merkel agreed to shelve a German policy proposal. Migration has decided elections across the bloc from Italy to Hungary, with voters favoring those taking a tougher stance. Interior Minister Horst Seehofer, of the conservative Bavarian Christian Social Union (CSU), which is preparing for regional elections in Bavaria in October, ... (more...)
European Union supporters rally in London for public vote on Brexit terms European Union supporters rally in London for public vote on Brexit terms
- June 24, 2018

Rather than a second Brexit referendum, campaigners were calling for a " people's vote ", to approve the final deal Prime Minister Theresa May makes with the EU. It goes on to say that even though a free deal trade is "eminently possible", it believed it was "time" to move to a World Trade Deal under WTO rules "in light of the reluctance of the European Union swiftly to secure a free trade deal". (more...)
Micron Technology, Inc. (MU) Stake Increased by Stratos Wealth Partners LTD. Micron Technology, Inc. (MU) Stake Increased by Stratos Wealth Partners LTD.
- June 24, 2018

Institutional investors and hedge funds have recently bought and sold shares of the stock. However, its trading capacity stayed around 53.15 million shares in normal days. In an analyst report released on Friday, 22 June, Benchmark analyst has today initiated coverage for Micron (MU ) shares with a Buy rating. In an overview of the current analyst recommendations, Buy count is 10 and Overweight is 0 while the number of analysts recommending Sell and Underweight are 0 and 0, respectively. (more...)
Dow breaks below key level, on track for 8th straight drop Dow breaks below key level, on track for 8th straight drop
- June 24, 2018

Jacobi Capital Management LLC raised its holdings in shares of SPDR Dow Jones Industrial Average ETF by 120.8% in the first quarter. Haverford Trust Co. 134,826 shares of the company's stock traded hands, compared to its average volume of 5,591,822. Shares of DIA stock opened at $244.50 on Friday. (more...)
Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis Victor winner chicken dinner: Germany makes €3 billion from Greece's financial crisis
- June 24, 2018

The Finance Ministers of the Eurozone , the Eurogroup, has reached an agreement that will put an end to Greece's third bailout program , the French Finance Minister said. For the last four years, the money has stayed in Germany. The reform-pushing International Monetary Fund played an active role in the two first Greek bailouts but took only an observer role in the third in the belief that Greece's debt mountain was unsustainable in the long term. (more...)
Bank holds rates at 0.5% but shows mounting support for hike Bank holds rates at 0.5% but shows mounting support for hike
- June 24, 2018

Howard Archer, chief economic adviser to the EY ITEM Club think-tank, said of this week's six-three vote to hold rates: "An unexpected development saw a narrower six-three vote, from seven-two, in favour of unchanged interest rates .With interest rates down at 0.5%, the Bank of England would clearly like to gradually normalise monetary policy given that it is essentially an emergency low rate". (more...)
Airbus threatens to withdraw 14,000 jobs from United Kingdom over Brexit Airbus threatens to withdraw 14,000 jobs from United Kingdom over Brexit
- June 24, 2018

In its Brexit "risk assessment" published on Thursday , Airbus said if the United Kingdom left the EU next year without a deal - meaning it left both the single market and customs union immediately and without any agreed transition - it would "lead to severe disruption and interruption of United Kingdom production". (more...)
KGNS Today celebrates KGNS Today celebrates "Bring Your Pet to Work Day"
- June 24, 2018

It's National Take Your Dog to Work Day! Andrea Hayes and June Rodgers and their dogs Dash and Poppy celebrate Dog Friendly Ireland Day with Dogs Trust on Bring Your Dog to Work Day. It's hard to believe it, but some folks don't like dogs, so be sure to check with workplace management and your coworkers to ensure nobody is allergic, afraid or opposed to dogs in the office before you bring in your four-legged friend. (more...)
Greece 'turning a page' as eurozone declares crisis over Greece 'turning a page' as eurozone declares crisis over
- June 24, 2018

The yield on Greece's benchmark 10-year bond eased 0.2 percentage points to 4.1 per cent. The finance ministers of the 19 European Union countries reached the compromise after a day of marathon talks in Luxembourg early on June 22. Greece's post-bailout future may not feel much different from the present, as it will include binding targets, compliance reviews, and even disbursements, according to an internal memo circulated among its creditors. (more...)
Daimler expects lower 2018 earnings due to new tariffs Daimler expects lower 2018 earnings due to new tariffs
- June 24, 2018

UBS Group set a €92.00 ($106.98) price objective on Daimler and gave the company a "buy" rating in a research note on Thursday. He is separately promising to impose tariffs on up to $200 billion of Chinese goods. The Mercedes-Benz Cars segment offers premium vehicles of the Mercedes-Benz brand, including the Mercedes-AMG and Mercedes-Maybach brands; and small cars under the smart and Mercedes me brands, as well as electric mobility products under the EQ brand. (more...)
Anti-Brexit campaigners descend on London to demand second referendum
- June 24, 2018

The second anniversary of the referendum was also marked elsewhere in Europe, with the organizers of one pro-EU march in Berlin claiming to have attracted 1,000 participants. Writing in the Sun , Mr Johnson said the public were keen to get on with breaking away from Brussels. More prominent manufacturing firms are set to issue warnings about Britain's Brexit negotiations within days, after Airbus and BMW broke cover to say they could reconsider their United Kingdom investment plans ... (more...)
Supreme Court rules on internet sales tax Supreme Court rules on internet sales tax
- June 24, 2018

The ruling explicitly exempts smaller businesses along with all but the most successful of individual sellers using, say , eBay or other online sales channels. The stock was last off 0.7 percent and was among the biggest drags on the benchmark S&P 500 stock index. Some states have a base sales tax set at 2.9% while others have set theirs as high as 7.25% and even 10.5%. (more...)
Trump threatens 20% tariff on European Union cars Trump threatens 20% tariff on European Union cars
- June 23, 2018

US President Donald Trump threatened today to impose a 20 per cent tariff on cars imported from the European Union, after the bloc's additional tariffs on dozens of American products took effect. The exemption applies to seven US -based companies importing steel products from Japan, Sweden, Belgium, Germany and China, the department said. The EU tariffs, which took effect at midnight (2200 GMT Thursday) according to the EU's official journal, will further fuel jitters on world stock ... (more...)
Chinese Investment in US Falls amid Asset Sales, Tighter Scrutiny - Rhodium Chinese Investment in US Falls amid Asset Sales, Tighter Scrutiny - Rhodium
- June 23, 2018

China's direct investment in the US slumped in the first half of this year, amid deteriorating economic relations between the two nations, according to research firm Rhodium Group LLC. He recently imposed a 25 percent tariff on billions of dollars worth of Chinese goods, and indicated that could rise to upwards of $200 billion if China doesn't comply with USA demands. (more...)
Above $74: Brent oil rises by $1 ahead of OPEC decision Above $74: Brent oil rises by $1 ahead of OPEC decision
- June 23, 2018

But oil prices have found some support from global demand, which has been increasing strongly this year. USA crude inventories fell by three million barrels to 430.6 million barrels up to June 15, according to an American Petroleum Institute report on Tuesday. (more...)
This is (potentially) a $45m Ferrari 250 GTO This is (potentially) a $45m Ferrari 250 GTO
- June 23, 2018

Widely considered the most attractive Ferrari design, the model was one of the most successful road/racing cars that the marque ever built, claiming overall victory or 1st in class in almost 300 races worldwide. Mr Bulgari, along with the next owner Corrado Ferlaino, campaigned the GTO in the 1963 and 1964 Targo Florio, winning in its class. In 20 races, it was never crashed and never failed to finish. (more...)
Lycopodium Limited (LYL) Moved Up 0.21% on Jun 21
- June 23, 2018

There are many different tools to determine whether a company is profitable or not. Value of 50. The Q.i. There is constantly news and information swirling about the next big stock that is ready to take off. Investors who are able to develop a high level of self confidence may be able to pull the handle on a trade that most other people wouldn't. A ratio of under 1 typically indicates that the shares are undervalued. (more...)
Rats chew through £13,000 in cash in India Rats chew through £13,000 in cash in India
- June 23, 2018

When technicians arrived June 11 to fix a broken State Bank of India cash machine in the town of Tinsukia they found a dead rat inside it and Indian currency notes worth almost 1.3 million rupees, or a little over $US19,000, chewed to shreds. (more...)
Turkey hits US with retaliatory tariffs Turkey hits US with retaliatory tariffs
- June 23, 2018

India and Turkey have begun implementing retaliatory tariffs against the United States, joining the European Union (EU), China, and other countries in adopting matching measures against US President Donald Trump's administration. In March, American President Donald Trump imposed a 25 percent tariff on imported iron and steel, and a 10 percent tariff on aluminum - since then the issue has been discussed heatedly among the USA and its major trade partners. (more...)
Smartphone explosion leads to death of Cradle Fund CEO Smartphone explosion leads to death of Cradle Fund CEO
- June 23, 2018

As per the reports, it is believed that the initial explosion resulted in some minor injuries which seem to have incapacitated the man further resulting in his death due to fire. While nothing is confirmed yet, The Malaysian Insight reports that the phone's explosion caused a blunt trauma to the back of Hassan's head. Who would have thought such an innocuous routine procedure is the reason three young kids will grow up without their father by their side, the brother-in-law said in a message. (more...)
Saudi bourse will be ready for capital inflows after… Saudi bourse will be ready for capital inflows after…
- June 23, 2018

It will also be included in the MSCI ACWI Index and other global and regional indexes. For Argentina , MSCI's reclassification will reverse a downgrade to "frontier market " status made in 2009 after the Latin American country imposed capital controls. (more...)
BMW joins Airbus in warning about Brexit BMW joins Airbus in warning about Brexit
- June 23, 2018

Only 35% of people said Brexit would be good for the United Kingdom economy, while 39% said it would be bad. Labour Alyn and Deeside assembly member Jack Sargeant said Airbus workers at Broughton "urgently require reassurance". The risk assessment says: "A no-deal Brexit must be avoided, as it would force Airbus to reconsider its footprint in the country, its investments in the United Kingdom and at large its dependency on the UK". (more...)
Owen Smith: 'Unmitigated disaster' if Airbus quits UK over Brexit
- June 23, 2018

Far from "Project Fear", this is a dawning reality for Airbus. "Immediate mitigation measures would need to be accelerated", he added. Peter Sinnott who has worked at the Broughton site since 1980, said the news had been "inevitable" since the Brexit vote. (more...)
Uber will pay drivers in some cities to use electric cars Uber will pay drivers in some cities to use electric cars
- June 23, 2018

Lyft does not yet have a similar EV programme, according to the Los Angeles Times , but the Uber competitor claimed to have made a multi-billion dollar investment in purchasing carbon offsets, and that every Lyft ride in the United States in now carbon-neutral. (more...)

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