Business


'I should have told the president' - Nhlanhla Nene on Gupta meetings 'I should have told the president' - Nhlanhla Nene on Gupta meetings
- October 08, 2018

According to Business Day , Nene's request will be tabled during an ANC meeting on Monday. The minister then issued an apology to the South African people for his failure to disclose the information. He told the Commission of Inquiry into State Capture last week about the meetings with the Guptas after previously having said he had only met the three brothers on social occasions, prompting opposition parties to call for him to step down. (more...)
Facebook triples its United Kingdom tax bill to £15.8m Facebook triples its United Kingdom tax bill to £15.8m
- October 08, 2018

The tech giant saw United Kingdom revenues of more than £1.26bn, but corporation tax is paid on profits rather than revenues and Facebook saw its profits suppressed by spending £758m to bring in sales and another £444m on administrative expenses. (more...)
US, UK authorities hose down server supply chain hack claim US, UK authorities hose down server supply chain hack claim
- October 08, 2018

In a statement, the DHS said: "Like our partners in the United Kingdom, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story". Amazon Web Services said, "At no time, past or present, have we ever found any issues relating to modified hardware or malicious chips in Super Micro motherboards in any Elemental or Amazon systems". (more...)
Two Indian companies to buy Iranian oil in November: Dharmendra Pradhan
- October 08, 2018

Meanwhile, the Trump administration was in discussions with countries that want to continue buying Iranian oil after sanctions are reimposed early next month, according to two USA officials. India is the world's third-largest oil importer, and Iran's second-biggest oil customer after China. US crude was down $1.14 at $73.20. Pradhan reportedly said Monday that India does not know if it would get a waiver from the U.S. (more...)
Petrol, Diesel prices rise in metros despite cuts; Check todays rate Petrol, Diesel prices rise in metros despite cuts; Check todays rate
- October 08, 2018

The diesel consumers in the state will get a relief of Rs 4.06 per litre as the Centre has already reduced the prices on the fuel by Rs 2.50 per litre. In Kolkata, petrol prices rose to Rs 83.52, whereas diesel prices were at Rs 75.09. According to an official release, Value-Added Tax on petrol in state has been reduced from 26 per cent to 22.20 per cent, whereas it will be 15 per cent on diesel as against the earlier rate of 19 per cent. (more...)
Company recalls 6.5M pounds of beef due to possible salmonella contamination Company recalls 6.5M pounds of beef due to possible salmonella contamination
- October 08, 2018

Roughly 6.9 million pounds of raw beef are being recalled after being linked to a salmonella outbreak . This is actually an announcement was made on Tuesday by the USA agriculture's foods inspection and safety department. Children under the age of 5, elderly adults, and anyone with a chronic illness or weakened immune system are more likely to suffer serious complications from this infection. (more...)
Popeye's is testing out gold-coated chicken wings Popeye's is testing out gold-coated chicken wings
- October 08, 2018

At four of its restaurants on October 4, customers will be able to order a bundle of six boneless, guilded chicken wings, a side, and a warm biscuit while the stores' supplies last. Femail writer Danielle Zoellner, who tried the glittery wings, definitely enjoyed their flavor, though she wasn't convinced the gold coating truly elevated her eating experience. (more...)
U.S. actively considering waivers on Iran oil sanctions U.S. actively considering waivers on Iran oil sanctions
- October 08, 2018

The oil price now stands at just over $84. In May, Trump withdrew from a multilateral nuclear deal with Iran and he re-imposed sanctions against Tehran. Indeed, some well-regarded analysts have warned that if oil prices reach $100, it could lead to a global economic collapse and a collapse of the equity market. (more...)
Tsukiji, Tokyo's famed fish market, closes down after 83 years Tsukiji, Tokyo's famed fish market, closes down after 83 years
- October 08, 2018

The operators of the low-speed mini-vehicles drove them on a 2.3 kilometre stretch of road to the new Toyosu fish market, including a section that has yet to be opened to general use, with permission from the Tokyo metropolitan government. (more...)
Passengers aboard Australian cruise ship refunded, thanks to 1,300 unruly Indians Passengers aboard Australian cruise ship refunded, thanks to 1,300 unruly Indians
- October 07, 2018

Reports say the company had apparently also hired burlesque dancers. Susquehanna Bancshares upped their target price on shares of Royal Caribbean Cruises from $142.00 to $146.00 and gave the company a "positive" rating in a research note on Friday, June 15th. (more...)
Canadian economy gains 63000 jobs in September Canadian economy gains 63000 jobs in September
- October 07, 2018

Analysts in a Reuters poll had forecast a gain of 25,000 positions. However, nearly all of the September job gains came from an increase in part-time employment and were mostly concentrated in Ontario and British Columbia with little change in other provinces. (more...)
USA unemployment rate falls to 3.7 pct in September
- October 07, 2018

BLS reported some slowing of job growth for the month as the establishment survey showed a gain of 134,000 jobs. S&P Global economist Satyam Panday noted that the three-month average for job gains was 190,000, slightly below the rate of 201,000 over the a year ago. (more...)
Precision Drilling trumps Ensign bid for peer Trinidad Precision Drilling trumps Ensign bid for peer Trinidad
- October 07, 2018

It said no suitable offers had been received. Earlier this year, Akita Drilling Ltd. said it hoped to gain greater access to the US market by buying Calgary rival Xtreme Drilling Corp.in a $209-million cash-and-shares deal. Precision said it expects to realize more than $30 million per year in savings from synergies with Trinidad. It plans to leverage its increased scale and realize long-term incremental operating efficiencies through a recently upgraded information technology ... (more...)
Mobile Us Inc (NASDAQ:TMUS) EVP Sells 5,000 Shares of Stock
- October 07, 2018

Price earnings ratio (P/E) ratio of China Mobile Limited (CHL ) is 11.43. The lowest EPS estimate is $0.63 and the highest is $1.07. The difference between Actual EPS and Estimated EPS was 0.05 Percent. The return on assets ratio shows how well management is employing the company's total assets to make a profit. Currently, the stock is trading -2.81% ahead of its 52-week high and 26.28% beyond its 52-week low. (more...)
USA stocks tumble amid rising rate fears USA stocks tumble amid rising rate fears
- October 07, 2018

The Toronto Stock Exchange's S&P/TSX composite index was down 60.50 points, or 0.38 per cent, at 15,946.17. The Dow Jones Industrial Average dipped 180.43 points, or 0.7 per cent, to 26,447.05. Their losses were partly offset by gains among banks, which tend to benefit from rising rates and bond yields. US Treasury bond yields are on a seven-year high, echoing a market correction in February when rising yields of risk-free government debt made equities less attractive and lowered their ... (more...)
Waitrose trials 'in-home' delivery service Waitrose trials 'in-home' delivery service
- October 07, 2018

The retailer will initially test demand for the new service , called " While You're Away ", later this month with 100 customers in south London . The trial , with Yale , will require customers to install smart locks that delivery staff can use in a service dubbed " while you're away ". (more...)
India's Central Bank Retains Key Rate Unexpectedly India's Central Bank Retains Key Rate Unexpectedly
- October 07, 2018

The benchmark Sensex plunged by 527.94 points, or 1.39 per cent, to 35,447.69 in morning deals. The domestic currency was quoting 65 paise lower at 74.23 (intra-day) against the dollar soon after the RBI announced its monetary policy . (more...)
Cook County Lawsuit Alleges LaCroix Contains Ingredients Used In Cockroach Insecticide Cook County Lawsuit Alleges LaCroix Contains Ingredients Used In Cockroach Insecticide
- October 07, 2018

All essences contained in LaCroix are certified by our suppliers to be 100 percent natural. National Beverage Corp., which owns La Croix, fought back against the allegations and told CBS Philadelphia that the lawsuit was filed "without basis in fact or law regarding the natural composition of its LaCroix sparkling waters". (more...)
Mega Millions jackpot at $420 million for tonight Mega Millions jackpot at $420 million for tonight
- October 07, 2018

The Mega Millions jackpot is not the only big jackpot up for grabs this weekend. The winning numbers were 27, 28, 32, 41 and 69. No one won the grand prize, which was worth $420 million dollars. (more...)
Wi Fi To Get Radical Makeover Wi Fi To Get Radical Makeover
- October 07, 2018

The general public have always been confused with the names of the Wi-Fi versions, but by moving to a numbered scheme, the Wi-Fi Alliance hopes that users will start understanding more about the technology. Not all Wi-Fi networks are same and figuring out which generation of Wi-Fi you are using can be hard. "For almost two decades, Wi-Fi users have had to sort through technical naming conventions to determine if their devices support the latest Wi-Fi". (more...)
Here's What the Mattress Firm Bankruptcy Means for Customers Here's What the Mattress Firm Bankruptcy Means for Customers
- October 07, 2018

Bankruptcy is often a tool that retailers use to get out of unwanted leases. While two St. Louis-area Mattress Firm stores will close in the coming days amid the company's financial troubles, the clearance store in Fairview Heights will remain open. (more...)
Jobs at risk as firm behind Unilad enters administration Jobs at risk as firm behind Unilad enters administration
- October 07, 2018

David Sefton, the managing partner of Linton Capital LLP was made interim executive chairman until the appointment of a new board. He added that Unilad was attractive as a business as it pulled in "core programmatic revenue" of between £6m and £7m per year. (more...)
Bond Investors Catch Up With Fed’s Plans
- October 07, 2018

A flood of strong USA economic data continues to flow into the capital markets, providing the impetus for possibly another hike in the federal funds rate by the Federal Reserve in December. The estimates for 2020 and 2021 were lower than those initially reported, bringing further relief to bond markets rattled by the new government's plans to ramp up spending. (more...)
U.S. crude drops 2.7%, as traders cash in on rally U.S. crude drops 2.7%, as traders cash in on rally
- October 07, 2018

This situation essentially leaves Saudi Arabia, the world's only swing producer, powerless to prevent a supply shock and subsequent price spike to $100 in the final quarter of this year. administration". "The scale of the demand slowdown is likely to be far less than the U.S. output slowdown and the loss of Iranian oil". Putin's comments come after Trump criticised Russian Federation and Opec for a 2016 deal in which they agreed to restrain production to bolster prices. (more...)
Postal worker leaves mail on side of road, quits job Postal worker leaves mail on side of road, quits job
- October 07, 2018

The discarded mail was found Sunday in the 3900 block of River Road in Pennsauken by a local resident who shared the photo on Facebook . "If [you're] looking for your mail, it may be on river road by [the 36th Street] station", the user wrote . (more...)

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