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Business

Warren Buffett lands on Cherry Coke cans in China

Buffet was also a genuine consumer, and had said in 2015 that he drank at least five cans a day - regular Coke at the office, and Cherry Coke at home. "But we're thrilled, and he's selling well". Literally. A cartoon likeness of the Berkshire Hathaway CEO is now appearing on cans of Cherry Coke in China.

Business

US Will 'No Longer Take Excuses From China' On North Korea

Trump held out the possibility, in an interview published on Sunday by the Financial Times , of using trade as a lever to secure Chinese cooperation against North Korea . Trump did not disclose his plans to a question how he would tackle Pyongyang, but said: "I am not the United States of the past where we tell you where we are going to hit in the Middle East".

Business

South Korean Automakers Cut China Production Amid Missile Row

South Korean automotive giant Hyundai and subsidiary Kia Motors have reduced their production of vehicles in China due to ongoing diplomatic tensions over the deployment of the USA anti-ballistic missile defence system near Seoul, sources told to Reuters on Tuesday (April 4).

Business

Hotel Lotte scraps IPO, stung by China's reprisal

Domestic sales by South Korea's largest automaker Hyundai Motor Co. grew in March despite overall depressed auto sales thanks to its face-lifted midsized sedan Sonata New Rise. On a wider level, China has banned South Korean pop concerts and tampered with the images of pop stars and actors in Korean programs. Other Lotte brands also made big jumps on the list, but its duty-free units, suffered and dropped out of the top 100 as almost 80 percent of their sales depend on Chinese tourists.

Business

Aldi and Lidl benefit as inflation pushes up supermarket prices

In fact, 54% of the population purchased a "free from' product during the past three months - that's 3.3 million more people than a year ago". In terms of the performance of individual retailers, both Lidl and Aldi reached new record high market shares during the past 12 weeks, now accounting collectively for 11.7% of the grocery market.

Business

Ivanka Trump Getting A West Wing Office Is Nepotism At Its Worst

President Donald Trump just offered his daughter, Ivanka, her very own office at the White House. Others raised concerns about her lack of accountability given that she won't have an official title, despite her expanding role in her father's administration.

Business

A 'Sci-Fi' Cancer Therapy Fights Brain Tumors, Study Finds

She was diagnosed in December 2014 with Glioblastoma. When compared with then-current phase 3 data investigating paclitaxel treatment alone in recurrent ovarian cancer, Optune plus paclitaxel nearly doubled progression-free survival as well as improving overall survival.

Business

Boeing signs new $3 billion deal with Iran's Aseman Airlines

The agreement also gives the airline the right to buy another 30 of the aircraft. Never miss a story again - sign up to our Telegram channel and we'll keep you up to speed! Representatives of the two companies signed the contract in Tehran after a year of negotiations, Reuters reports.

Business

Top intel Dem hints at dragging Trump before House Intelligence Committee

Flynn is a wonderful man", Trump said. Also under fire is House Intelligence Committee Chairman Devin Nunes (R-Calif.). On Sunday's edition of " State of the Union " on CNN , House Intelligence Committee top Democrat Rep. Spicer described Farkas's comments as "devastating" evidence of an Obama administration effort to gather intelligence on Trump. I think the answer may come from the president, himself , and you can say a lot of things about the president, but one thing you cannot say ...

Business

Petards Group plc's (PEG) Speculative Buy Rating Reiterated at Beaufort Securities

Nikko Asset Mgmt Americas Incorporated invested 0.01% in Domino's Pizza, Inc. The stock decreased 0.53% or $0.64 during the last trading session, reaching $119.88. The rating was revealed in a report on Monday morning. Surgical Innovations Group Plc ( LON:SUN ) opened at 3.60 on Tuesday. The firm earned "Sell" rating on Thursday, January 28 by Pareto Securities.

Business

Scottish independence referendum: PM receives letter from Nicola Sturgeon

Sturgeon says her mandate for another vote was now "beyond question". However, Mrs May has repeatedly said "now is not the time" for a new vote, arguing that all focus should be on the Brexit talks and saying a referendum in the short-term would not be fair on Scottish voters.

Business

The Yahoo, AOL Brands Will Soon Die, To Be Replaced By 'Oath'

AOL Chief Executive Officer Tim Armstrong took to Twitter to validate previous reports on the matter while also sharing Oath's logo that says "Oath: A Verizon company". An earlier story published by Business Insider reported a similar name change. "Billion+ Consumers, 20+ Brands, Unstoppable Team". It's not known whether the Yahoo name will continue on as any part of Oath .

Business

Asos revenues rise 37% as it cashes in on battered sterling

The company said: "As a net exporter, sterling weakness has created a foreign exchange tailwind for the business which has enabled investment above previously planned levels into both price and proposition". Asos said pretax profit in the six months to February 28 rose 14% to 27.3 million pounds ($34 million) against the equivalent period a year ago on a 37% increase in reported revenue to GBP911.5 million, with retail sales rising 38% to GBP889.2 million.

Business

Storm star Cronk to make Sydney move

The 33-year-old said it was time to put someone else first. "Melbourne Storm has been everything to me since moving down here from Brisbane as a kid back in 2003", Cronk said. Cooper Cronk has informed the Club this will be his last season at Storm. Both a premiership player and Clive Churchill medallist in 2012, Cronk has been named Dally M Halfback of the Year on five occasions and in 2016 claimed his second Dally M Player of the Year award.

Business

21 more cases taken from anti-death-penalty prosecutor

However, to counter the Supreme Court decision and restart the death penalty in the state, Scott had signed a bill in March that would require unanimous jury recommendations to enable a judge to impose capital punishment in a case. Ayala cited numerous problems with the death penalty as the basis for her decision, which she said she reached after "extensive and painstaking thought and consideration".

Business

Trump's ex-campaign chief offers to testify on Russian interference

House Intelligence Committee Chairman Devin Nunes, R-Calif., speaks to reporters at the Capitol in Washington , Friday, March 24, 2017. At his press conference, Nunes also announced that former Trump campaign manager Paul Manafort had voluntarily offered to testify before the committee.

Business

S&P downgrades S. Africa to junk status

All of this in the wake of President Jacob Zuma's decision to fire his highly-respected finance minister, Pravin Gordhan. On the same day as the S&P announcement, new finance minister Malusi Gigaba sounded convinced South Africa would not be downgraded.

Business

Truck, SUV sales keep rising as vehicle sales continue to slide

Honda's sales also were off, by 2 per cent. Nissan reported a gain of just over 3 per cent. Therefore 48% are positive. Image source: Ford Motor Company . Afam owns 154,288 shares or 0.81% of their USA portfolio. Deliveries of the Toyota Camry and Honda Accord, longtime leaders in the mid-size sedan segment, dropped 3.6 percent and 12 percent, respectively.

Business

Musk mocks short sellers as Tesla's value passes Ford

It's just $2.4 billion away from surpassing General Motors' (GM) market cap of $51.1 billion. To put this in perspective, Tesla sold just over 76,000 cars in 2016, whereas Ford sold 6.7 million cars in the same year. Correction: This story has been revised to correct the date of Tesla's previous all time high. The Silicon Valley vehicle maker in the past has missed production targets and its newest figures allayed fears of setbacks ahead of the hotly-awaited launch of its Model 3 ...

Business

South Korean women arrive in North Korea for football match

North Korea will be allowed to travel to South Korea for the 2018 Pyeongchang Winter Olympics if it wishes to take part, Seoul's Unification Ministry said on Monday. South Korean Navy's 4,500-ton Kang Gam Chan destroyer and a Lynx helicopter are taking part in the drills along with the Washington's USS McCampbell, a destroyer armed with the Aegis ballistic missile defense system, an MH-60 anti-submarine chopper and a P-3 Orion patrol plane.

Business

Crude oil futures plunge 0.97 percent on weak overseas trend

Futures lost as much as 1.6% in NY after gaining 0.6% last week. OPEC will extend the deal if stockpiles are still above their five-year average, Saudi Arabia Energy Minister Khalid Al-Falih said in an interview with Bloomberg Television last week.

Business

Scottish First Minister Nicola Sturgeon visits California

But he insisted Edinburgh would have to apply for European Union membership, suggesting it would face a wait to re-join. "The people of Scotland must have the right to choose our own future", Sturgeon, leader of the ruling Scottish National Party, said in the letter.

Business

RBA leaves cash rate unchanged at 1.5%

Australian regulators announced measures over the past week to restrain lending to speculative property investors in a bid to cool the sizzling market and tighten lending standards. It also noted that "most measures of business confidence are at, or above, average and non-mining business investment has risen over the past year", as was the case in March.

Business

Verizon to take 'Oath' as new company to run Yahoo, AOL

Verizon , which owns AOL and is buying the sputtering, untrustworthy mess that Yahoo has become, clearly saw the need for some branding that connotes trust. " #TakeTheOath . Summer 2017", Armstrong wrote on Twitter. A report by Recode , meanwhile, claims that Yahoo CEO Marissa Mayer will not be a part of Oath once it is formed.

Business

Will Treat Kejriwal Like One of my Poor Clients: Ram Jethmalani

Jaitley had filed the case in December 2015 and had sought Rs 10 crores from Kejriwal in damages, along with penal action for maligning his public image. "Even now if govt (Delhi) doesn't pay or he can't pay will appear for free, will treat him (Kejriwal) as one of my poor clients", Jethmalani said. However, Delhi government's law department said the bills could not be cleared without L-G's nod.

Business

Australia bolsters checks for Middle East flights

Last month, the USA and the United Kingdom announced a temporary ban on certain nonstop US-bound flights from bringing laptops, iPads, cameras and some other electronics in carry-on luggage. Etihad is also offering unlimited wifi to business and first-class passengers. The International Air Transport Association (IATA) has slammed the electronics ban, with its director general and chief executive Alexandre de Juniac saying it was "difficult to understand their effectiveness".

Business

Uber's Self-Driving Cars Return To Roads After Accident

Ducey's spokesman says a driver monitoring the self-driving vehicle is all the regulation that's needed. Uber's SUVs have been tooling around Phoenix and Tempe for more than three months, and police in both cities said they knew of no accidents before Friday.

Business

Idea approves merger with Voda

Earlier today Vodafone announced it had agreed terms with Idea Cellular over a $23bn merger, a move that will create the largest mobile operator in the country. Idea is set to include all of its assets including its standalone towers and its 11.15% stake in Indus Towers, with a total value of $10.8 billion excluding the Indus stake.

Business

New Rs 200 note coming soon, RBI to introduce new security features

According to it, the decision to introduce new Rs 200 denomination notes was taken in March. Soon after Prime Minister, Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes, new currency notes of Rs 500 and Rs 2000 were rolled out in November 2016.

Business

Stocks end 1Q with solid gains after day of listless trading

Since the start of the year, the S&P 500 is up 5.7 per cent, its best quarterly performance since 2015. Meanwhile, the Nasdaq Composite jumped 16.80 points, or 0.3%, to end at a record 5,914.34. Seven of the 11 major S&P sectors were higher, with the energy index's 0.51 percent rise leading the advancers. DOUBLE DEAL: FMC has agreed to buy part of DuPont's crop protection business, while DuPont has agreed to buy FMC's health and nutrition unit.

Business

Aircel-Maxis deal: 'We are investigating Chidambaram', CBI informs SC

The SC had in February asked BJP leader Subramanian Swamy to bring concrete evidence backing his plea for probe into the role of then Finance Minister P Chidambaram into the alleged breach of norms committed by the FIPB in approving the Aircel-Maxis deal in 2006.

Business

Idea shares tank almost 10%; mcap dips by Rs 3692 cr

It will have revenue of Rs81,600 crore and an operating profit of Rs24,400 crore. The deal gives Vodafone India an implied enterprise value of Rs 82,800 crore and Idea an enterprise value of Rs 72,200 crore. "Idea is strong where Vodafone is weaker and Vodafone is strong where Idea is weaker", Colao pointed out. The scheme of amalgamation includes Vodafone India (VIL) and its wholly-owned subsidiary Vodafone Mobile Services (VMSL) merging with the new company.

Business

Yahoo and AOL to merge into new company Oath

What do you think of the Oath name for the merged version of Yahoo and AOL? Oath will encompass AOL, which Verizon owns, and the parts of Yahoo the USA carrier is buying for several billion dollars, including its search and mail properties.

Business

Trump's rollback of coal rules electrifies Wyoming workers

In short, the change would make it harder to justify action to reduce greenhouse-gas emissions. The government's renewed embrace of coal also appears to be at odds with Australian voters. Commerce Secretary Wilbur Ross, in an interview on CNN's " State of the Union ", said the National Oceanic and Atmospheric Administration, which comes under the Commerce Department's jurisdiction, would not be directed to stop its collection of data on climate change.

Business

Former Trump aide Manafort offers to talk to committee in Russian Federation probe

Manafort has extended same offer to the Senate Intelligence Committee, according to a Senate source. While he would not be administered the oath that accompanies formal testimony, federal law requires that he tell the truth in any communication with Congress.


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