Economy

Mitsubishi board considers new allegations against Ghosn

Mitsubishi board considers new allegations against Ghosn Ghosn - once the driving force behind the Alliance of Renault , Nissan and, later, Mitsubishi sits so since the 19th century. The visiting French delegation is seeking an explanation from Nissan's management regarding its corporate governance in the wake of Ghosn's arrest, the Nikkei business daily reported, without citing sources. [Full Article...]

Morgan Stanley makes changes to bonus payouts for juniors

Morgan Stanley makes changes to bonus payouts for juniors USA stocks eked out gains on Thursday to consolidate near a one-month high, helped by advances in the healthcare and industrial sectors and as financials shrugged off Morgan Stanley's disappointing earnings. Wall Street's smallest major bank posted a fourth-quarter profit of $1.53 billion, or 80 cents a share, missing Wall Street's forecast of 89 cents a share. [Full Article...]

John Bogle dies at 89; fought for lower fees for investors

John Bogle dies at 89; fought for lower fees for investors He had been diagnosed with an erratic heartbeat as a young man, had his first of six heart attacks at 31 and underwent a heart transplant at 66. Today index funds account for more than 70% of Vanguard's $4.9trn assets under management but the concept was ridiculed as "un-American and "a sure path to mediocrity" when Bogle launched the First Index Investment Trust in 1976". [Full Article...]

Lotus to Build Cars in China

Lotus to Build Cars in China The planning authority of Hubei province approved Geely's plans for the plant in late December. While it is not clear what portion of the new Wuhan plant would be devoted to the British brand, greater production volumes would be consistent with Geely's stated ambition to grow the market for Lotus by broadening its lineup. [Full Article...]

Angel tax: Centre’s measures are a ‘mixed bag’, say experts

Angel tax: Centre’s measures are a ‘mixed bag’, say experts Under the new rules, a startup will first need to be recognised by the department of industrial policy and promotion (DIPP ) to be eligible for concessions for shares that have been issued or are proposed to be issued. Of the total number of assessees who filed income tax returns past year, only around 1.5 lakh assessees mentioned an annual income of more than Rs 50 lakh, according to Shreeji... [Full Article...]

Shopko announces store closures in Idaho, Utah

Shopko announces store closures in Idaho, Utah All other stores remain open as the Company continues to optimize its store footprint. The company announced the bankruptcy filing Wednesday morning. "This decision is a hard, but necessary one", said Russ Steinhorst, chief executive officer, in a news release. In a bankruptcy court filing, the Shopko CEO said that, like many other retail companies, the business has fallen victim to consumers ... [Full Article...]

Guy's Crazy Stunt Gets Him Banned From Cruise Line

Guy's Crazy Stunt Gets Him Banned From Cruise Line In midair, Naydev begins to flail his limbs before he ultimately hits the water. Speaking to KOIN , Naydev said that he was not allowed back on to the ship and was forced to buy a $200 plane ticket to Miami . It's believed he was picked up by a small boat after the dive, brought back to the ship and then asked to leave. If you're wondering the one thing you should never do on a cruise: We... [Full Article...]

Goldman Sachs reports higher fourth-quarter trading revenue

Goldman Sachs reports higher fourth-quarter trading revenue Nevertheless, Solomon on Wednesday still appeared to be making excuses for the bank's entanglement with Low, noting that Goldman wasn't the only bank that had been working with him. So far, it hasn't been all that rosy for some of the largest US banks, and expectations remain modest on Wall Street. 80 were reported by Nuwave Mgmt. [Full Article...]

Facebook commits $300 mn to support local news

Facebook commits $300 mn to support local news The goal of the $ 300 million investment, according to Campbell Brown, Facebook's vice president of global news , is to help news organizations with "newsgathering needs in the immediate future", and provide more longterm support as they "build sustainable business models". [Full Article...]

Microsoft pledges $500m to boost affordable housing

Microsoft pledges $500m to boost affordable housing While Microsoft's efforts could be a boon for the area , the company estimates all of King County needs about 305,000 affordable housing units to keep up with demand and the area's expansion. Rising rent forces many Seattle-area workers to make long commutes daily because they can't afford to live near the city. Encompassing areas of King County, the initiative will see the money split betwee... [Full Article...]

Blue States Let Furloughed Federal Workers Collect Unemployment Benefits

Blue States Let Furloughed Federal Workers Collect Unemployment Benefits Leon ruled that such an order would incite "chaos" and was against the public interest since it's unclear how many workers would choose to still go to work without pay. Kansas Dept. of Labor Interim Secretary Delia Garcia pointed out the unemployment program is meant to help any worker who weren't working for reasons outside of their control. [Full Article...]

Burger King Shades Donald Trump for Misspelling 'Hamburgers'

Burger King Shades Donald Trump for Misspelling 'Hamburgers' Trump said he paid for more than 1,000 "hamberders", and within one hour, they were all gone. Be it showing his back to Queen Elizabeth II or quashing climate change reports, Trump has, time and again, unknowingly entertained us with his amusing antics. [Full Article...]

Chinese envoy to Canada warns against any future Huawei 5G ban

Chinese envoy to Canada warns against any future Huawei 5G ban The Justice Department and Huawei both declined to comment on the WSJ's report. Federal prosecutors are reportedly launching an investigation into Huawei over allegations it stole trade secrets from U.S. "Moving forward, we must combat China's theft of advanced USA technology and their brazen violation of USA law", Van Hollen added. Handelsblatt quoted Huawei founder Ren Zhengfei as sayi... [Full Article...]

UK PM May seeks to end Brexit stalemate after winning confidence vote

UK PM May seeks to end Brexit stalemate after winning confidence vote Cabinet colleagues are to meet senior opposition politicians, but opposition Labour leader Jeremy Corbyn has refused to negotiate unless a no-deal Brexit is ruled out. Scottish National Party leader Nicola Sturgeon said she needed to keep the option of a second Brexit referendum on the table. "I propose we negotiate with Europe to extend Article 50 for one year not as a delaying tactic but for... [Full Article...]

Shutdown bites economy, US Coast Guard, as talks to end impasse stall

Shutdown bites economy, US Coast Guard, as talks to end impasse stall But Trump insisted that some Democrats are being prevented from working with him. Trump declined to address the stalemate over the speech Thursday during a visit to the Pentagon, simply promising that the nation will have "powerful, strong border security ". [Full Article...]

China "Expanding Access" To Strategic Ports In Pak, Sri Lanka: Pentagon

China The US, of course, is alarmed at the prospect of losing its military and economic supremacy over China in the ongoing shadow-boxing in the Indo-Pacific, where Beijing is also assiduously using its multi-billion-dollar One Belt, One Road (OBOR) and Digital Silk Road initiatives to make deep strategic inroads and shape interests. [Full Article...]

NBS: China's imports of Cu concs surge 14% in 2018

NBS: China's imports of Cu concs surge 14% in 2018 However, in a sign that the White House's punitive measures are having an impact, China's exports to the United States sank last month. Russia-China trade turnover has grown significantly over recent years. "I think Beijing clearly knows the pressure that they are under to restore confidence domestically in their leadership but also internationally", Associate Professor at Fulbright Univer... [Full Article...]

Canadian air traffic controllers send pizza to USA counterparts affected by shutdown

Canadian air traffic controllers send pizza to USA counterparts affected by shutdown Air traffic controllers in Portland, Maine were sent pizzas from their Canadian counterparts as part of a show of solidarity amid the ongoing USA government shutdown . The government shutdown began on December 22, over a stalemate instigated by President Donald Trump for his proposed border wall between the USA and Mexico, a tent pole of his presidential campaign. [Full Article...]

US Senators Introduce Bill Targeting US Export to China's Telecom Industry

US Senators Introduce Bill Targeting US Export to China's Telecom Industry Those trade secrets include technology related to a robotic device that T-Mobile used to test smartphones , The Wall Street Journal reported Wednesday. The carrier sought $500 million in damages; three years later, T-Mobile was awarded $4.8 million by a jury. Huawei has been accused of similar conduct-breaking USA sanctions by selling technology to Iran under a subsidiary company named Skyc... [Full Article...]

Huawei Founder Denies Spying Allegations, Says No Backdoor Request Ever Made

Huawei Founder Denies Spying Allegations, Says No Backdoor Request Ever Made Asked about the arrest of his daughter Meng on a U.S. extradition request, Ren said that he missed her, and he trusted the legal systems of the USA and Canada. He said the company has signed 5G contracts with 30 carriers and has shipped 25,000 base stations. "It is controlled by telecom operators, not by Huawei", he said. [Full Article...]


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