Business


SiriusXM will buy Pandora to create world's largest audio company SiriusXM will buy Pandora to create world's largest audio company
- September 24, 2018

The transaction builds on SiriusXM's position in subscription radio and as a curator of exclusive audio programming with one of the largest United States audio streaming platforms, enabling SiriusXM to expand its presence beyond vehicles into the home and other mobile areas. (more...)
Michael Kors to buy out Versace for at least $2B Michael Kors to buy out Versace for at least $2B
- September 24, 2018

Celebrity shoemaker Jimmy Choo , luxury jeweller Tiffany & Co and United States fashion group Michael Kors Holdings were listed as possible buyers. Versace, which makes more than half of its sales in Asia, would be a crown jewel for Michael Kors Holdings (kors), which past year purchased shoe brand Jimmy Choo for $1.2 billion. (more...)
Sensex Tanks Over 500 Points, Nifty Below 11,000: 10 Points Sensex Tanks Over 500 Points, Nifty Below 11,000: 10 Points
- September 24, 2018

Similarly, the NSE Nifty declined by 65.50 points, or 0.59 per cent, to 11,077.60 after a touching a high of 11,170.15. Seeking to calm the nerves of anxious investors, Finance Minister Arun Jaitley on Monday said that the government would take all measures to ensure adequate liquidity for non-banking financial companies (NBFCs) and mutual funds. (more...)
Singapore competition watchdog fines Grab, Uber $9.5 million Singapore competition watchdog fines Grab, Uber $9.5 million
- September 24, 2018

Grab was fined about $6.4 million while Uber was fined about $6.58 million by the Competition and Consumer Commission of Singapore (CCCS). In return, Uber received a 27.5 percent stake in Grab. Grab will continue to adhere to our pre-transaction pricing model, pricing policies and driver commissions. Uber will also be required to sell its auto rental business to any rival that makes a reasonable offer and will not be allowed to sell those vehicles to Grab without the watchdog's permission. (more...)
Gold miner Randgold unveils £13.7bn merger with Barrick Gold miner Randgold unveils £13.7bn merger with Barrick
- September 24, 2018

Randgold chief financial officer Graham Shuttleworth will fill the same role at the new entity. "Randgold has the agility and swift-footedness of a younger and smaller company, much like Barrick in its early years while Barrick has the infrastructure and global reach of a large corporate company", Barrick Chairman John Thornton said in a conference call. (more...)
Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros
- September 24, 2018

That's an increase of 11 paisa - the same hike as in Delhi, where the a litre of petrol costs Rs 82.72. NDTV is one of the leaders in the production and broadcasting of un-biased and comprehensive news and entertainment programmes in India and overseas. (more...)
OPEC, Russia rebuff Trump's call for immediate boost to oil output
- September 24, 2018

OPEC and its allies are scheduled to meet on Sunday in Algeria to discuss how to allocate supply increases to offset a shortage of Iran supplies due to USA sanctions. Falih said Saudi Arabia had spare capacity to raise output but such a move was not required at the moment and might not be needed next year as, according to OPEC's projections, a stellar rise in non-OPEC production could exceed global demand growth. (more...)
Petrol crosses Rs 90-mark in Mumbai
- September 24, 2018

Diesel price remained unchanged at Rs 78.42 per litre in Mumbai, Rs 78.10 in Chennai and Rs 75.72 in Kolkata. Fuel prices have been witnessing a steep rise since the past few weeks. Centre has maintained that global crude oil prices and falling rupee along with worldwide factors are leading to rise in prices of petroleum products. (more...)
Pompeo: US Would Win Trade War with China
- September 24, 2018

But Trump has taken an increasingly hard line on trade around the world, with $200 billion (R2 863 300 000 000,00) in tariffs on Chinese exports set to take effect on Monday. Vice Premier Liu He was planning to travel to Washington next week with a trade delegation, following an invitation from US Treasury Secretary Steven Mnuchin. (more...)
Michelle Guthrie departs from role as ABC Managing Director Michelle Guthrie departs from role as ABC Managing Director
- September 24, 2018

He said it was an honour to lead the corporation. She was less than two and a half years into a five-year contract. "We appreciate that a change in leadership creates uncertainty, however, we are firmly of the view that this decisions is in the best interest of the organisation", he said. (more...)
Student pilot charged with attempt to steal plane Student pilot charged with attempt to steal plane
- September 24, 2018

Police say Sankat, who carries a Florida driver's license, has dual citizenship with Canada and Trinidad and Tobago. "There obviously seemed to be planning involved", Lori Booker, a spokesperson for the airport, said at a press conference on Thursday morning, according to CNN . (more...)
NAFTA talks grind on, Canada quells talk of US quota… NAFTA talks grind on, Canada quells talk of US quota…
- September 24, 2018

While Canada wants to be included in the latest NAFTA agreement between the US and Mexico , Prime Minister Justin Trudeau said he is not afraid to walk away from a bad deal. The uncompromising tone by Trump, who came to power past year threatening to tear up NAFTA unless major changes were made to a pact he blames for the loss of manufacturing jobs, has stoked market fears about the potential damage to three nations' highly integrated economies. (more...)
Germany's Porsche says it won't produce new diesel models Germany's Porsche says it won't produce new diesel models
- September 24, 2018

Porsche will focus on gasoline, electric and hybrid vehicles because demand for diesel is declining, the Stuttgart, Germany-based manufacturer said in an emailed statement on Sunday. "We have never developed and produced diesel engines ourselves", Blume told the paper. "Petrol engines are well suited for sporty driving". Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries and causing a sector-wide crackdown on ... (more...)
Could you stay 30 hours in a coffin? Could you stay 30 hours in a coffin?
- September 24, 2018

Louis is offering a competition inviting guests to stay in a coffin for 30 hours and the grand prize is $300. Six coffin dwellers will be chosen as part of Missouri Six Flags' Fright Fest . Coffin dwellers will be given designated restroom breaks, but if leaving the coffin for any other reason, they will be eliminated from the contest. (more...)
Ripple Surges By 67%, Surpasses Ethereum to Become Second Largest Cryptocurrency Ripple Surges By 67%, Surpasses Ethereum to Become Second Largest Cryptocurrency
- September 24, 2018

Assuming that happens successfully, there is a good chance the XRP price may start looking up again. It's total value is now pegged by the site at $46bn, compared to Ethereum's $23bn and Bitcoin's $113. Among which is Santander and American Express. Ripple's xCurrent is used by banks to settle worldwide transactions and is used to confirm each stage of a cross-border payment in real-time, according to the company. (more...)
New Zealand supermarket withdraws Australian strawberry brand over needles New Zealand supermarket withdraws Australian strawberry brand over needles
- September 24, 2018

The supermarket chain said there have so far been no illnesses reported from consuming the brand of strawberries. Countdown says there have been no reports of any illness or injury related to this issue in New Zealand, and there is no impact on New Zealand strawberries which are now on the shelves. (more...)
Oil price up as Trump calls OPEC to lower prices
- September 23, 2018

The statement from Trump, meanwhile, was not his first criticism of OPEC. Higher gasoline prices for USA consumers could create a political headache for Trump before November mid-term congressional elections. On Sunday, Kazempour reiterated Iran's production was stable at 3.8 million bpd. Falih said returning to 100 percent compliance was the main objective and should be achieved in the next two-three months. (more...)
United Kingdom probes use of British companies tied to Danske laundering United Kingdom probes use of British companies tied to Danske laundering
- September 23, 2018

All he stated was that the lead investigator of this case stated that he believed that a large part of the $234 billion worth of transactions emitting from Estonia could be classified as suspicious. "We see no reason to date why the concerns regarding Danske Bank should create an exception to that rule". Following the findings of an investigation into Danske Bank's Estonian branch, the bank's CEO resigned on Wednesday. (more...)
CBN Takes Over Skye Bank, Changes Name To Polaris Bank CBN Takes Over Skye Bank, Changes Name To Polaris Bank
- September 23, 2018

Godwin Emefiele, CBN Governor, announced the decision to withdraw the licence on Friday. The CBN back in April also said the board was given a new two-year term to turn around the operations of the bank. Polaris Bank has taken over the assets and liabilities of Skye Bank, the Central Bank of Nigeria said today. The expert, however, said that the direct effect of the troubled bank would be on the shareholders as they would lose all their shares in the bank. (more...)
Coca-Cola Is Eyeing the Cannabis Market Coca-Cola Is Eyeing the Cannabis Market
- September 23, 2018

Following the official word from the company, stock-price of Aurora Cannabis Inc. had raised exponentially in the market. Cannabidiol does not produce the high commonly associated with marijuana. The new beverages will be pegged to drinkers who suffer with inflammation, pain or cramping. But now, after 130 years as the friendly face of the ongoing obesity crisis, the world's largest beverage company might be eyeing a return to its roots - but with an altogether different drug of choice. (more...)
Needles found in strawberries at Auckland supermarket, customers warned
- September 23, 2018

A South Australian man who reported finding a needle in his daughter's strawberry has been charged after police found his claims to be false. The fruit, imported from Western Australia and sold under the Choice brand, had been sold at a supermarket in Auckland , Woolworths-owned Countdown - one of NZ's two major supermarket groups. (more...)
Oil prices slip as Donald Trump calls on OPEC to lower prices Oil prices slip as Donald Trump calls on OPEC to lower prices
- September 23, 2018

Varga further expanded by saying that the current trade war between the United States and other countries should have impacted the price of oil. According to, oil prices reached over $70 a barrel on Wednesday, showing an increase of 8 percent in just the last month. (more...)
Uber in early talks to acquire Europe's Deliveroo Uber in early talks to acquire Europe's Deliveroo
- September 23, 2018

Uber CEO Dara Khosrowshahi has made food-delivery business a top priority ahead of the ride-hailing giant's planned 2019 initial public offering. London-based Deliveroo was a year ago valued at more than $2 billion (roughly Rs. Uber is reportedly in early talks to buy Deliveroo , a hot London-based food delivery startup. The service is available in more than 200 cities on four continents. (more...)
Cathay Pacific spells its own company name wrong on aircraft Cathay Pacific spells its own company name wrong on aircraft
- September 23, 2018

And to prove that it's a good sport, if not necessarily a good speller, Cathay Pacific shared the photos on social media, announcing on its Twitter account: "Oops this special livery won't last long!" The plane came to Hong Kong from Xiamen in China and has been part of the fleet since 2004, according to the Guardian . (more...)
Speculation mounts over possible Emirates merger with Etihad Speculation mounts over possible Emirates merger with Etihad
- September 23, 2018

Emirates Airline has denied a report that it is considering a takeover of fellow Persian Gulf carrier Etihad . Any deal would require the blessing of the rulers of the two UAE emirates. The cargo and logistics arm of Middle East carrier Etihad Airways will redeploy its Boeing 777 freighter capacity on "core trade lanes" to connect its Abu Dhabi hub to selected global markets in Asia, Europe and the US. (more...)

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