Finance

Finance ANZ Treasurer Rick Moscati on leave amid cartel charges
Author: 0 ANZ Treasurer Rick Moscati on leave amid cartel charges

The ACCC has said it will not be providing any further comment on the case while it is before the court. "And with the ongoing Royal Commission (into financial sector misconduct), the pressure to take action against banks is even greater".

Finance Viral video shows mice in buns at Delaware Burger King
Author: 0 Viral video shows mice in buns at Delaware Burger King

The video posted to Facebook on Thursday by Wilmington resident Shantel Johnson warned the almost 700,000 viewers "Don't go to Burger King on 202 [Concord Pike]" along with a skull and crossbones and a pair of mouse emojis. Droppings were found in the floor near the ice machine, the water heater, under dry storage, near syrup storage boxes and behind fryers. Inspectors also found part of the ceiling to be leaking, and flies coming out of a drain.

Finance Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B
Author: 0 Tentative ZTE Deal with U.S. Could Bring Fine to $1.7B

A new report claims ZTE has signed a preliminary agreement with the USA government that would allow it to once again use parts from US phone suppliers. The terms outlined by Reuters are similar to the those Trump outlined in a May 25 tweet , saying that ZTE might reopen "with high level security guarantees, change of management and board, [and it] must purchase USA parts and pay a $1.3 Billion fine".

Author: 0 ZTE Signs Preliminary Agreement With Commerce Department To Lift US Ban

The Department of Commerce will also change its 2017 settlement agreement with ZTE, counting the $361 million it has already paid in penalties toward the sum, Reuters reported . "If the USA is truly going to make an example out of ZTE, the name itself is now toxic and can not be used going forward", Earl Lum, the President of EJL Wireless Research , a consultancy and research firm based in the United States, said when the ban came into force.

Finance Germany’s Bayer to complete Monsanto purchase on Thursday
Author: 0 Germany’s Bayer to complete Monsanto purchase on Thursday

The acquired product portfolio will now become a part of Bayer product and service range, the statement claims. Through this strategic move, the company reportedly aims to close its United States dollars 62.5 billion acquisition of Monsanto, an agrochemical & agricultural biotech firm.

Finance EU Commission Endorses New Duties on US Imports Effective From July
Author: 0 EU Commission Endorses New Duties on US Imports Effective From July

The College of EU Commissioners endorsed on Wednesday the decision to impose rebalancing duties on the set of U.S. products it had submitted to the World Trade Organisation (WTO) effective from July, as part of EU response to the steep USA tariffs on imported steel and aluminum, the European Commission said in a press release.

Finance Cabinet approves Rs 8,500 cr bailout package for sugar industry
Author: 0 Cabinet approves Rs 8,500 cr bailout package for sugar industry

Days after the ruling BJP suffered an electoral setback, primarily in the sugarcane-growing belt of western Uttar Pradesh, and with farmers in parts of the country stopping supplies of essential commodities to protect price fall, the Centre is expected to announce a fresh package of nearly Rs 80 billion to bail out the sugar sector.

Finance Chris Grayling Delays Meetings On Timetable Chaos Due To… Timetable Chaos
Author: 0 Chris Grayling Delays Meetings On Timetable Chaos Due To… Timetable Chaos

There is no confidence in Chris Grayling , her bungling Transport Secretary, and this was self-evident in the Commons on Monday when he came under fire from MPs of all parties and from all parts of the country. He added that officials in the transport department have been working "around the clock". This will look at if the operator had sufficient resources and skills to deliver the new timetable and what contingency plans were in place.

Finance RBI hikes repo rate by 25 basis points to 6.25%
Author: 0 RBI hikes repo rate by 25 basis points to 6.25%

The repo rate is pegged at 6.25% from the earlier 6% and the reverse repo rate has been raised to 6% from the earlier 5.75%, in the June bi-monthly meet. A rate hike complicates the growth outlook in an economy that's showing early signs of an uneven recovery. The rate hike was important to stabilise a weak rupee.

Finance Yamaha organizes activities to create awareness on plastic pollution
Author: 0 Yamaha organizes activities to create awareness on plastic pollution

And like every year, the United Nations Environment council has taken up a new cause. "This year's theme is totally in line with the Yamaha Motor Group Environmental Plan 2020, which aims to promote environment protection through green product development, operations with minimum environmental impact", said Motofumi Shitara , Chairman, YMIG .

Finance Nicaragua violence leaves 15 dead
Author: 0 Nicaragua violence leaves 15 dead

Nicaragua's Catholic bishops have tried to broker a peaceful solution to the unrest but the dialogue broke down when the bishops withdrew from their role as mediators, citing "a lack of consensus among the parties". Rights group Amnesty International , which had a delegation accompanying the march, said it "witnessed the chaos caused by the detonation of firearms", and accused police and pro-government groups, known as "Sandinista mobs", of carrying out attacks.

Finance Buffalo Wild Wings apologizes after Twitter account hacked
Author: 0 Buffalo Wild Wings apologizes after Twitter account hacked

As the uncharacteristic tweets rolled in from the company's account, people on Twitter joked about the incident. One post was directed at film producer Tariq Nasheed and used the n-word. The company later issued a statement regarding the hack. Buffalo Wild Wings is a restaurant and sports bar chain best known for its chicken wings, which it serves with a variety of sauces.

Finance Brent crude gains after touching one-month low amid supply concerns
Author: 0 Brent crude gains after touching one-month low amid supply concerns

U.S. West Texas Intermediate (WTI) crude futures were at $65.05 a barrel up 0.46 percent, while Brent crude futures, the global benchmark for oil prices, were up 0.09 percent, at $75.36 a barrel, according to Interfax. Last week , the week after Memorial Day, the USA contract lost about 3 percent after a decline of almost 5 percent the previous week. OPEC is in the midst of a supply-cutting deal with Russian Federation and other non-members.

Finance Undertaker returning to the ring for WWE next month
Author: 0 Undertaker returning to the ring for WWE next month

Then, he showed up at the event and essentially squashed Cena in a short match to leave WrestleMania victorious and riding high once again. The Undertaker hasn't been seen in Madison Square Garden since back on September 25, 2010, according to Wrestling Inc .

Finance Tesla: Why It's 'All About' Model 3 Production
Author: 0 Tesla: Why It's 'All About' Model 3 Production

A shareholder had proposed that the company replace Musk , who has served as the chairman of Tesla's board of directors since 2004 and its CEO since 2008, with an independent chairman. An individual shareholder had also put forth a proposal that would have required an independent chairman, which was backed by proxy advisers Institutional Shareholder Services and Glass Lewis, but was ultimately voted down.

Finance Hack of DNA Website Exposes Data From 92 Million Accounts
Author: 0 Hack of DNA Website Exposes Data From 92 Million Accounts

Nevertheless, the mysterious hacker behind the breach had about seven months to exploit the stolen data before MyHeritage noticed. Because the passwords were hashed, the actual passwords weren't exposed - hackers only got access to a scrambled string of text compiled by crytogaphic algorithms.

Finance Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow
Author: 0 Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow

Trump has announced tariffs on China, Canada, Mexico and the European Union in the name of national security, bringing threats of tit-for-tat tariffs aimed at farm goods and other US products. Kudlow says Trump "hates multilateral" treaties. Trump on Friday had publicly floated the idea of having individual agreements to replace NAFTA, which he again called "a awful deal".

Finance Lord & Taylor to close storied flagship on Fifth Avenue
Author: 0 Lord & Taylor to close storied flagship on Fifth Avenue

The combined company, which will be named Rue Gilt Groupe, "will serve over 20 million members with a focus on young, affluent, fashion and brand-conscious consumers", Rue La La said in a statement. She said she reorganized management there to have experienced executives run different regions and report directly to her. She said some of the troubles in Europe were the result of an overall weak market but also the retailer's "own missteps".

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