Business

Business PM joins other SE Asia leaders, China for Mekong meeting
Author: 0 PM joins other SE Asia leaders, China for Mekong meeting

China is the largest trading partner of Cambodia, Myanmar, Vietnam and Thailand and the second largest of Laos. Beijing has pledged billions of dollars to build new infrastructure in Cambodia, officials said, Thursday, as Chinese Premier Li Keqiang ended a two-day charm offensive currying favour for its mega-dams across the Mekong River.

Business Canada complains to WTO about United States trade duties
Author: 0 Canada complains to WTO about United States trade duties

Canada is in essence arguing that the American use of anti-dumping and countervailing duties violates global trade rules. There are 122 instances involving various countries listed in the WTO filing, which dates to December. Critics have accused the Trump administration of wanting to hobble the WTO. But it also goes well beyond Canada-U.S. softwood lumber spats, citing alleged worldwide trade breaches by the U.S.

Business Infosys investors jittery! Can IT major deliver better Q3 numbers than TCS?
Author: 0 Infosys investors jittery! Can IT major deliver better Q3 numbers than TCS?

Consolidated net profit for the quarter ended in December fell 3.6% to 65.31 billion rupees ($1.03 billion) from 67.78 billion rupees a year earlier. Other segments such as energy and utilities also performed well. The fast growing, high margin digital revenues today stand at 22.1 per cent accounting for more than United States dollars 4 billion in revenues, which is a growth of almost 40 per cent, year on year.

Business IndusInd Bank slips in volatile trade
Author: 0 IndusInd Bank slips in volatile trade

In it's financial audit, IndusInd stated that they have transferred an amount of Rs 70 crore towards floating provisions for advances during the quarter ended June 30, 2017. "The growth is pretty secular - two-wheelers, three-wheelers and tractor segments are also witnessing growth", he said. On BFIL, IndusInd mentioned that the scheme is subject to the approval of the Reserve Bank of India (RBI), the Competition Commission of India (CCI), the Sebi, the respective shareholders of the bank ...

Business Acquires 20600 Shares of Cisco Systems, Inc. (CSCO)
Author: 0 Acquires 20600 Shares of Cisco Systems, Inc. (CSCO)

Synchrony Financial (NYSE:SYF) has declined 10.35% since January 4, 2017 and is downtrending. It has underperformed by 19.79% the S&P500. Sciencast Management LP purchased a new stake in Cisco Systems , Inc. (NASDAQ:BIIB). Los Angeles Capital Mgmt Equity invested 0.28% of its portfolio in Biogen Inc. Bowen Hanes & Co Inc who had been investing in Henry Schein Inc for a number of months, seems to be bullish on the $11.51B market cap company.

Business Markets set new records on earnings optimism, liquidity
Author: 0 Markets set new records on earnings optimism, liquidity

The BSE Sensex gained 88.90 points to end at 34,592.39, while the broader NSE Nifty finished at 10,681.25, up 30.05 points. Similarly, the Nifty touched an intraday high of 10,690.40 and a low of 10,597. New Delhi, Jan 12 Shares of TCS today fell by almost 2 per cent after the company said its net profit slipped 3.6 per cent in three months to December.

Business Spark sets precedent with outcomes models, $850K gene therapy price tag
Author: 0 Spark sets precedent with outcomes models, $850K gene therapy price tag

The first commercial gene therapy available in the US will cost $850,000, Endpoints News reports . Spark said it will offer rebates to insurers if the treatment doesn't work. As a result of current government drug price reporting rules, the company can not offer an installment plan without being forced to sell the drug to Medicaid at an unsustainably low price.

Business Kenya Airways starts process of direct flights to NY
Author: 0 Kenya Airways starts process of direct flights to NY

The flight is scheduled to leave JKIA at 10:30pm every day, lasting for a duration of 15 hours - a significant reduction from the current 22 hours required for the journey. Kenya Airways Chairman Michael Joseph said that the flights will symbolize the comeback for the airline that has been making losses for the past few years.

Business Act Now to Correct Property Assessment Errors
Author: 0 Act Now to Correct Property Assessment Errors

The summary above provides estimates of average 2017 versus 2018 assessed values of residential homes throughout the Okanagan region. This is the third-largest increase in the Greater Victoria area, behind Langford and Metchosin, where the average home price jumped 21 and 25 per cent, respectively.

Business S & U (LON:SUS) Stock Rating Reaffirmed by Peel Hunt
Author: 0 S & U (LON:SUS) Stock Rating Reaffirmed by Peel Hunt

Sun Life Financial Inc. had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Monday, February 6 by Shore Capital. Cim Ltd Limited Liability Company accumulated 111,475 shares. Gamco Inc Et Al holds 0.04% of its portfolio in Tesco PLC (LON:TSCO) for 107,900 shares.

Business Nikkei hits fresh 26-year high; Fast Retailing soars
Author: 0 Nikkei hits fresh 26-year high; Fast Retailing soars

The Chinese officials, who were not named, said the market for USA government bonds is becoming less attractive relative to other assets, according to the report. With economic activity picking up globally, the dollar has been undermined by expectations the Fed will not be the only central bank tightening policy this year.

Business Tech Billionaire Trump Backer Peter Thiel Also A Big Investor In Bitcoin
Author: 0 Tech Billionaire Trump Backer Peter Thiel Also A Big Investor In Bitcoin

The post Peter Thiel's Founders Fund Amasses "Hundreds of Millions" in Bitcoin appeared first on Bitsonline . Bitcoin seems to be gaining global fame in the past year. Bitcoin has mostly hovered around the $15,000 mark in today's session and is now trading at around $14,990. NEO, which was breaking its own records today, closing in on $100, also dropped sharply following Bitcoin's rise.

Business CES 2018 | Nissan is working on cars that can read your mind
Author: 0 CES 2018 | Nissan is working on cars that can read your mind

While most automakers rely on computers to command their semi-autonomous systems, Nissan is researching how to let drivers control the technology - with their brains! Brain-to-Vehicle technology is able to improve the driver's reaction time to obstacles in the road by detecting when the driver plans to make an evasive maneuver.

Business New Gadgets Galore as the 2018 CES Kicks Off
Author: 0 New Gadgets Galore as the 2018 CES Kicks Off

CES , formerly known as the Consumer Electronics Show , begins Tuesday and lasts through Friday in Las Vegas . CES is expected to draw more than 170,000 people, as some 4,000 exhibitors showcase their wares over the equivalent of almost 50 football fields, or more than 11 NY city blocks.

Business Traders Secrets on JPMorgan Chase & Co. (JPM), Altaba Inc. (AABA)
Author: 0 Traders Secrets on JPMorgan Chase & Co. (JPM), Altaba Inc. (AABA)

About 159,822 shares traded. The company was maintained on Friday, January 15 by Argus Research. It has outperformed by 17.04% the S&P500. New Mexico Educational Retirement Board decreased its stake in Jpmorgan Chase Co (JPM) by 1.42% based on its latest 2017Q3 regulatory filing with the SEC.

Business China, France promise cooperation on climate, security
Author: 0 China, France promise cooperation on climate, security

Our relationship is anchored in time, and in my opinion is based on civilization, in the sense that France and China are two countries with very different cultures but which both have a universal calling. The airliners would be delivered in 2019 and 2020. "The French foreign minister's November visit to China seemed to ignore human rights, giving an impression of insincerity and inconsistency on rights issues", Jeannerod said.

Business Hyundai to Offer Autonomous Cars by 2021
Author: 0 Hyundai to Offer Autonomous Cars by 2021

Chris Urmson , CEO of Aurora. General Motors Co. acquired Cruise Automation in 2016 for $581 million and Ford Motor Co. forged a $1 billion partnership with Argo AI at the beginning of a year ago. Based in Germany, the company now produces close to 10 million vehicles each year. The partnerships will pair Aurora's sensors and software - its machine learning and artificial intelligence technology - with two companies that together produce more than 15 million vehicles each year.

Business Water main break at JFK stops international arrivals to terminal 4
Author: 0 Water main break at JFK stops international arrivals to terminal 4

The official Twitter account for the Port Authority of NY and New Jersey tweeted news of the break , which also led to a shutdown of worldwide arrivals into Terminal 4. The arrivals and Customs and Border Patrol sections were shut down, and electricity to the entire terminal was shut off to prevent short circuits, he said.

Business This Is Why Amazon Might Buy Target in 2018
Author: 0 This Is Why Amazon Might Buy Target in 2018

Influential analyst Gene Munster predicted that Amazon ( AMZN ) would buy Target ( TGT ) in 2018. Loup Ventures admits that the timing of such a deal is hard to pin down, but "seeing the value in the combination is easy". Amazon has long ceased to be an online-only company. "A deal with Amazon allows the combined company to consolidating their operating expenses and build a new working model that provides much better bottom line", Fosina said.