Nov 30, 2016 10:58 am IST Electronic-payment company Euronet Worldwide Inc. cut its financial projections for the quarter, citing a cash crunch that is wreaking havoc through India’s economy. Shares, up 3% this year, fell 5.4% to $70.66 in after-hours trading. India, which is replacing its largest-denomination bank notes to fight corruption and counterfeiting, is the fifth-largest market by revenue for the Kansas-based company, accounting for $78.7 […]
The Australian Attorney-General’s Department (AGD) has advised that it expects the lifetime capital costs for telcos to comply with data retention obligations to hit the AU$198.5 million mark by the end of the 2016-17 financial year, the Australian Communications and Media Authority (ACMA) said in its Communications report 2015-16 [PDF] tabled in Parliament on Wednesday. (Image: ACMA) The estimate is based on costs submitted to AGD by […]
Muscat, November 30, 2016 As part of its on-going support of Small and Medium Enterprises (SME) and in line with the Government’s initiatives to boost the SME sector within the country, Bank Sohar recently participated and sponsored as a bronze sponsor in the fourth edition of the Ebda‘at Omaniya SME Expo; marking its second consecutive year of support for the event. As part of its participation, the […]
Replicas of R$100,00 banknotes are hung on a clothesline during a protest of the national union of prosecutors against money laundering in Brazil, at the Esplanade of Ministries in Brasilia March 18, 2015 (Reuters/Ueslei Marcelino). The Brazilian Federal Revenue Secretariat (SRF) has some good news to cheer: a big haul of fines and taxes from assets held offshore by Brazilians. The deadline for filing under Brazil’s equivalent […]
BERLIN German Chancellor Angela Merkel told parliamentary members of her conservative Christian Democrats on Tuesday that she opposed opening new negotiations with Turkey as part of its quest to join the European Union, the Bild newspaper reported. That means the discussions are effectively over, the newspaper reported in Wednesday editions, citing sources who participated in the party meeting. Merkel recommended spelling that out to voters who asked […]
November 30, 2016 by: FT Confidential Research The FTCR China Business Activity Index, a composite reading of the month-on-month change in activity in the real estate, export and freight sectors, fell to a 10-month low in November. The index dropped to 47.8 from 50 in October, below last November’s 48.6. Our BAI readings have always fallen sequentially in November but this is the weakest reading for the […]
Beijing is launching an investigation into alleged corrupt dealings by the spouses and children of officials in the city’s municipal government, in a pointed reminder to more powerful residents of the city to rein in their relatives’ behaviour. An audit of their assets would take place next year and on a rotating basis in subsequent years, the official Xinhua news agency said on Monday night. Like London […]
5825 25 by Shannon K. O’Neil November 4, 2016 DATE IMPORTED:November 02, 2016Protestors call for the removal of President Jacob Zuma outside court in Pretoria, South Africa, November 2, 2016 (Reuters/Mike Hutchings). Report May Bring Down South Africa’s President New allegations may finally bring down teflon president Jacob Zuma. Despite his earlier legal protests, South Africa’s public protector’s office released a report suggesting that a wealthy family close […]
By Jonathan Stempel Shmaltz Brewing Co says some of its beer names, including several with Jewish themes, “can be a bit unorthodox.” Now a large California winery wants one of those names to be reformed. Sutter Home Winery Inc sued Shmaltz late on Monday, accusing the brewery of infringing its “Menage a Trois” trademark by selling a 12-pack of its beers with the “MANNAge a Trois” name. […]
Amazon Web Services will be launching the Amazon AWS Alexa Partner Program, the cloud giant announced Tuesday at the AWS Re:Invent conference in Las Vegas. AWS has heard a “deep desire to integrate Alexa and voice capabilities” into services offered through the partner network, said Terry Wise, director of the Amazon Web Services worldwide partner ecosystem. Already, more than 3,000 Alexa skills have been developed by AWS […]
5836 25 by Shannon K. O’Neil November 11, 2016 A man displays a new 2000 Indian rupee banknote after withdrawing from a bank (Reuters/Mukesh Gupta). France’s Anticorruption ReformsAfter years of criticism for failing to prosecute foreign bribery, France adopted a new anticorruption law that will force companies doing business on its soil to take more aggressive preventative measures, and also gives the government stronger tools to fight […]
Video ‘The Priority: Saving Lives’ A chartered plane carrying 81 people, including a soccer team from Brazil, crashed on the outskirts of Medellin, Colombia, killing most on board. By YARA BISHARA on Publish Date November 29, 2016. Photo by Luis Benavides/Associated Press. Watch in Times Video » A chartered plane carrying 81 people, including members of a Brazilian soccer team that had made a stunning climb up […]
In the wake of Donald Trump’s surreal ascension to POTUS, Facebook CEO Mark Zuckerberg publicly defended his company’s culpability in Trump’s win. Critics have pointed to Facebook’s propagation of fake news via the site’s algorithmically curated “Trending Topics” module and—perhaps even most dastardly—within users’ News Feed as directly responsible for the rise of America’s first potentially authoritarian-ish leader. Zuck’s public refutation exists within a larger […]
Tuesday 15:15 GMT Overview The dollar and Treasury yields are steadying, but US equities are edging lower, as stronger-than expected US GDP data raise concerns that the Federal Reserve may quicken the pace of interest rate rises. The firmer buck is adding to pressure on commodity prices, with gold selling off and oil prices sliding on scepticism over an Opec deal to curb output. Hot topic It […]
4237 28 by Adam Segal November 29, 2016 New York City skyline is seen at sunrise during a power outage August 15, 2003. (Reuters) The Digital and Cyberspace Policy Program has launched a new Cyber Brief. This one is authored by CFR Senior Fellow and Net Politics contributor Rob Knake. The U.S. federal government has long debated using insurance as a tool to create incentives for better cybersecurity in […]
November 29, 2016 The UAE Banks Federation, the professional body representing 49 banks in the UAE, hosted today (Tuesday, November 29, 2016) its 4th CEOs Advisory Council Meeting in Dubai. The meeting provided an engaging platform to assess UBF’s progress in developing a unified approach to customer complaints, discussed the industry’s preparedness in cyber-security domain and reviewed latest developments in the sector. Speaking on the sidelines of […]
In a report confirming that the ECB is preparing for a rerun of a post-Brexit scenario, Reuters writes that the ECB is ready to temporarily step up purchases of Italian government bonds if the result of next Sunday’s crucial referendum, which according to WSJ will likely determine the future of not only Monte Paschi but other insolvent Italian banks, “rocks markets” and sharply drives up borrowing costs […]
American Airlines has selected IBM Cloud to be a service provider as it moves its internal applications to the public cloud. The airline has said that it was looking to move some of its customer web site and back office applications to the public cloud. American Airlines was evaluating Amazon Web Services, IBM and Microsoft. Terms of the deal weren’t disclosed. IBM said that American will use […]
Vocus Communications has said it will be investing more in data analytics and digitising its customer service processes over the next year in order to continue competing in the telecommunications landscape. “This year, we have decided to invest in our data analytics capability, taking advantage of the forced shift from copper to fibre occurring over the next few years in both Australia and New Zealand,” Vocus chair […]
Sunday, June 8 – The Islamic Finance Gateway (IFG) Briefing, published from Sunday to Thursday, carries the latest market-moving news and data for institutions offering Islamic financial services. To view the full IFG Briefing click here: bit.ly/1qb3njw Top Stories: Islamic Economy: Islamic credit cards and startup financing focus for EFICA 2014 (Page 3) Country: Advertisement ? Call for more private sector involvement in Turkey’s Islamic finance sector […]
The Surface Phone is probably closer than most people think, at least according to a report by Chinese financial publication Commercial Times, who claims that Pegatron, a main supplier for Apple, is reportedly working with Microsoft and is already administering production trials of the enigmatic Surface Phone. Surface Phone Rumors The Surface-branded phone has enjoyed its wealth of rumors in recent months. Others predict it as a high-end […]
With the Trump cabinet filling up, but a number of key positions still to be announced, vice-president-elect Mike Pence told Fox News tonight that “there will be very important announcements tomorrow.” Vice President-elect @mike_pence: There will be very important announcements tomorrow. #NewsAlert pic.twitter.com/VOAXMsBhMa — Fox News (@FoxNews) November 29, 2016 So who will it be? POSTS ALREADY FILLED WHITE HOUSE CHIEF OF STAFF * Republican […]
The US Securities and Exchange Commission is examining the timing of $3bn of impairment charges that Rio Tinto booked on a disastrous Mozambique coal deal, sources close to the company have confirmed. The Anglo-Australian miner was already facing scrutiny from US regulators when it contacted law enforcement authorities this month about a questionable payment made to a consultant operating in Guinea. The Mozambique investigation, first reported by […]
The Chicago Stock Exchange, which is seeking to win approval for a controversial takeover deal by Chinese investors, on Monday said that two companies controlled by the Lu family would own a combined 39 per cent of the exchange, but their voting power would be limited to 20 per cent. In a filing with the Securities and Exchange Commission, the Chicago exchange detailed the underlying investors in […]
