Economy 17
Royal Bank of Scotland is calling time on its recent checkered past, rebranding as NatWest and setting out new goals to become a 'purpose-led bank' focused on enterprise, learning and climate.
14 Feb 09:20 • 2 articles
Bailed-out RBS to rebrand as NatWest
Royal Bank of Scotland is calling time on its recent checkered past, rebranding as NatWest and setting out new goals to become a 'purpose-led bank' focused on enterprise, learning and climate.
14 Feb 09:20 • Finextra • 6000504750460407929.htmlRoyal Bank of Scotland is changing its name to NatWest
The bank's chief executive announced the decision to rebrand while reporting a surge in profits.
14 Feb 08:12 • Metro • 970161747594086961.htmlA group of unique bondholders will either reap massive profits or lose hundreds of millions of dollars as the coronavirus outbreak escalates.
14 Feb 13:10 • 3 articles
An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being, Business Insider - Business Insider Singapore
Business Insider - The World Bank called the bonds "a momentous step" in curbing disease, while a public health expert deems them "inappropriate and ineffective.". Read more at businessinsider.sg
14 Feb 13:10 • www.businessinsider.sg • 5090408757499766261.htmlAn inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being
A group of unique bondholders will either reap massive profits or lose hundreds of millions of dollars as the coronavirus outbreak escalates.
14 Feb 13:10 • Business Insider Malaysia • 8325046884084196853.htmlAn inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being
A group of unique bondholders will either reap massive profits or lose hundreds of millions of dollars as the coronavirus outbreak escalates.
14 Feb 13:10 • Business Insider Australia • 5575934301843727861.htmlHere’s what you need to know before the markets open.
14 Feb 13:00 • 7 articles
10 things you need to know before the opening bell
This is what traders are talking about.
14 Feb 13:00 • Business Insider Nederland • 7680839747214637707.html10 things you need to know before the opening bell
This is what traders are talking about.
14 Feb 11:58 • Business Insider • 6060062399878003339.htmlS&P 500, Dow little changed amid Covid-19 worries; Nvidia forecast buoys Nasdaq
NEW YORK, Feb 14 — The S&P 500 and the Dow barely moved today, as worries over an economic hit from the coronavirus outbreak refrained investors from making big bets ahead of a long weekend, while gains in Nvidia shares kept the Nasdaq in positive territory. Adding to the downbeat sentiment...
14 Feb 15:53 • Malaymail • 302165935562598091.htmlExports contract for 6th straight month, drop 1.66 per cent in January; trade deficit widens
Shipments of petroleum products, plastic, carpet, gems and jewellery, and leather products contracted by 7.42 per cent, 10.62 per cent, 5.19 per cent, 6.89 per cent, and 7.57 4 per cent, respectively, in January. Imports also fell for the eighth consecutive months, down 0.75 per cent to USD 41.14 billion in January, widening the trade deficit to a seven-month high of USD 15.17 billion, according to the government data released on Friday.
14 Feb 13:14 • The Economic Times • 7653256036693360607.htmlExports decline by 1.66% year-on-year to $25.97 billion in January
Imports too declined by 0.75 per cent USD 41.14 billion, leaving a trade deficit of USD 15.17 billion during the month under review
14 Feb 13:02 • Business-Standard • 1502508925334738578.htmlU.S. January core retail sales unchanged; December revised down
Sales at clothing stores declined by the most since 2009
14 Feb 13:51 • The Globe and Mail • 68426411435508592.htmlUS core retail sales unchanged in January
WASHINGTON, Feb 14 — US consumer spending appears to have slowed further in January, with sales at clothing stores declining by the most since 2009, which could raise concerns about the economy’s ability to continue expanding at a moderate pace. The Commerce Department said today retail sales...
14 Feb 15:09 • Malaymail • 302165936156033187.htmlPARIS (Reuters) - Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
14 Feb 12:05 • 5 articles
Renault plans $2.2 billion 'no taboos' cost cuts after first loss in a decade
PARIS (Reuters) - Renault’s (RENA.PA) first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
14 Feb 12:05 • Reuters • 8334514180424320043.htmlRenault plans US$2.2b ‘no taboos’ cost cuts after first loss in a decade
PARIS, Feb 14 — Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by €2 billion (RM9.1 billion) over the next three years from the carmaker today, as it tries to put the Carlos Ghosn affair behind it. As ex-Volkswagen brand manager Luca de Meo prepares to take...
14 Feb 13:41 • Malaymail • 302165935869964294.htmlRenault reports first net losses in a decade for 2019 on lower sales
Renault said in a statement it suffered net losses of 141 million euros ($152 million)
14 Feb 10:58 • Business-Standard • 1502508924899604270.htmlRenault reports first net losses in decade for 2019
French carmaker Renault said Friday it went into the red last year for the first time in a decade on lower sales and a falling contribution from its Japanese partner Nissan.
14 Feb 13:38 • Tech Xplore • 4945708897830347105.htmlRenault reports first net losses in decade for 2019
Renault also took a hit from a decline in the financial contribution of a likewise struggling Nissan
14 Feb 11:26 • BusinessLine • 5283601354495289.htmlCAMEROON, Cameroon — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions.
14 Feb 13:24 • 2 articles
UN experts: North Korea enhances nukes and illicit trade
CAMEROON, Cameroon — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance its illicit nuclear and ballistic missile programs in violation of sanctions. The experts identified new methods that the country is using to evade U.N. sanctions, including …
14 Feb 13:24 • City NEWS 1130 • 5858657120563111009.htmlUN experts: North Korea enhances nukes and illicit trade
UNITED NATIONS (AP) — U.N. experts say North Korea has increased imports and exports of banned and restricted goods such as coal and petroleum products as it continues to enhance...
14 Feb 17:23 • The Seattle Times • 9121942837997780237.htmlTokyo Olympic organizers and the International Olympic Committee said Friday there is no "Plan B" for the 2020 Games, which open in just over five months and have been jolted by the outbreak of a virus in neighboring China.
14 Feb 13:26 • 2 articles
Tokyo Olympics: Games on track, will monitor China athletes, say organisers
The coronavirus has infected almost 64,000 people globally with almost 1,400 deaths in China, but only one in Japan where fear is rising with so much attention focused on the outbreak
14 Feb 13:26 • Business-Standard • 1502508925443227336.htmlNo 'Plan B' for Olympics; questions over Chinese presence
Tokyo Olympic organizers and the International Olympic Committee said Friday there is no “Plan B” for the 2020 Games, which open in just over five months and have been jolted by the outbreak of a virus in neighboring China.
14 Feb 16:18 • Fox News • 7362823820150205504.htmlNEW DELHI: After Supreme Court rap, the telecom department on Friday began issuing orders, asking firms such as Bharti Airtel and Vodafone Idea to clear past dues immediately.
14 Feb 12:32 • 2 articles
After Supreme Court rap, DoT orders telcos to clear dues immediately
The order by the DoT has asked telcos to clear dues by 11.59 pm Friday.
14 Feb 12:32 • The Economic Times • 7653256038501752631.htmlAfter SC's warning, govt orders telcos to clear dues by 11.59 pm tonight
After Supreme Court threatened contempt proceedings against top executives of of Bharti Airtel, Vodafone Idea and other telecom firms, the telecom department on Friday began issuing orders, asking firms to clear past dues immediately. The government has also asked telecom companies to pay their dues by 11.59 pm tonight
14 Feb 17:19 • Oneindia • 2023829371616727878.htmlBy: PTI | New Delhi | Updated: February 14, 2020 5:35:43 pm
14 Feb 12:05 • 5 articles
AGR-hit Vodafone Idea postpones Q3 analyst call
The filing, in late evening on Thursday, said the new date of the call will be intimated separately but did not give any reason for the postponement.
14 Feb 12:05 • The Indian Express • 2885715105698722852.htmlAGR-hit Vodafone Idea postpones Q3 conference call with analysts
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
14 Feb 09:54 • Business-Standard • 1502508924940815175.htmlAGR order: After SC rap, DoT asks telcos to clear dues by midnight
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
14 Feb 12:18 • Business-Standard • 1502508924618220345.htmlAfter SC rap, DoT orders telcos to clear dues by 11.59 pm today
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms.
14 Feb 14:48 • India Today • 4286117812700972090.htmlDoT asks telecommunication companies to clear dues before midnight
15 entities owe the Government Rs 1.47 lakh crore
14 Feb 12:29 • BusinessLine • 5283600189925859.htmlTHE Royal Bank of Scotland Group announced it was renaming itself NatWest - as most customers are south of the border.
14 Feb 09:45 • 4 articles
Royal Bank of Scotland Group changing name to NatWest Group plc as most customers are in England
THE Royal Bank of Scotland Group announced it was renaming itself NatWest – as most customers are south of the border. The rebranding of the Edinburgh-based plc after 51 years is the first ma…
14 Feb 09:45 • The Scottish Sun • 6609127674106480458.htmlRoyal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:19 • Jersey Evening Post • 6141642774224358421.htmlRoyal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:22 • Express & Star • 7324224459688954901.htmlRoyal Bank of Scotland to be renamed after 293 years
The Government-controlled bank will become NatWest Group and agreed to a 5p-a-share special dividend after profits hit £4.2bn last year.
14 Feb 12:18 • Shropshire Star • 3480199992142777365.htmlWarren Buffett lost more than $US1 billion this week after Kraft Heinz stock plummeted 11% in two days.
14 Feb 17:13 • 2 articles
Warren Buffett just lost $1 billion in 2 days after Kraft Heinz disappointed again
Warren Buffett lost more than $US1 billion this week after Kraft Heinz stock plummeted 11% in two days.
14 Feb 17:13 • Business Insider Australia • 5575934300166358462.htmlWarren Buffett loses $1 billion in 2 days after Kraft Heinz disappoints again
Warren Buffett took a $1 billion loss as Kraft Heinz stock plunged 11% in two days. Berkshire Hathaway's 27% stake in the food giant shrank in v...
14 Feb 12:15 • Business Insider • 3364799146641006975.htmlPassengers on a cruise ship that was turned away from ports around Asia over fears they could be carrying the new coronavirus finally began disembarking in Cambodia on Friday.
14 Feb 11:10 • 2 articles
Cruise passengers land after two weeks at sea over coronavirus fears
But the vessel was barred by Japan, Guam, the Philippines, Taiwan and Thailand over fears it was carrying someone with a new virus that has now killed around 1,400 people and sickened 64,000, mostly in China.
14 Feb 11:10 • Deccan Herald • 2027555797521030717.htmlCruise passengers land in Cambodia after two weeks at sea over coronavirus fears
Another ship began letting passengers over the age of 80 off the Diamond Princess cruise ship in Japan.
14 Feb 10:49 • TheJournal.ie • 6446904418541506333.htmlLambasting DoT for issuing circular, SC bench head by Justice Arun Mishra dismisses review petition saying there's "no stay" on coercive action against telcos who'll fail to comply with SC order
14 Feb 10:43 • 2 articles
AGR case: DoT withdraws 'no-coercive order' against telcos after SC slams dept
Lambasting DoT for issuing circular, SC bench head by Justice Arun Mishra dismisses review petition saying there's "no stay" on coercive action against telcos who'll fail to comply with SC order
14 Feb 10:43 • Business Today • 1145527431705129562.htmlAGR row: After SC rap, telecom dept orders operators to clear dues before midnight
Department of Telecommunications has started issuing circle or zone-wise demand notices to telecom firms, asking them to clear pending licence fees and spectrum usage charges before 11:59 pm on February 14
14 Feb 14:09 • Business Today • 1145527430696587462.htmlKraft Heinz, the iconic food giant created in a merger five years ago, was downgraded to junk by Fitch Ratings, raising fresh worries among investors that a slowing economy could threaten the broader corporate bond market.
14 Feb 17:22 • 2 articles
Kraft Heinz downgraded to junk status by Fitch Ratings
Food firm ends up with massive debt load due to deals and jeopardised credit ratings
14 Feb 17:22 • The Irish Times • 8204772968031906588.htmlKraft Heinz’s Junk Downgrade Rekindles Bond Market Jitters
Kraft Heinz Co., the iconic food giant created in a merger five years ago, was downgraded to junk by two credit raters, raising fresh worries among investors that a slowing economy could threaten the broader corporate bond market.
14 Feb 14:49 • Bloomberg.com • 4032480120935803853.htmlIndia's halt on Malaysian palm oil imports has disrupted global edible oil trade flows, with Indonesia diverting supplies to feed India, Malaysia rushing to tap markets left behind by Jakarta, and India substituting palm with other oils.
14 Feb 14:17 • 2 articles
India's curbs on Malaysian palm imports stir up edible oil trade
"A rebalancing is happening in the palm oil market," says a Mumbai-based dealer with a global trading firm.
14 Feb 14:17 • DAWN.COM • 4500271767638299317.htmlIndia's curbs on Malaysian palm imports disrupts global edible oil trade
Malaysia's latest palm export data revealed the impact of India's restrictions, with shipments to India in January falling 85% from a year earlier to 46,876 tonnes, the lowest since 2011
14 Feb 09:25 • Business-Standard • 1502508925411529962.htmlBudget carrier SpiceJet on Friday posted a net profit of Rs 73.2 crore for the three months ended December. "This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," the airline said in a release.
14 Feb 09:38 • 2 articles
SpiceJet Q3 profit rises to Rs 73.2 cr, operational revenue up by 47%
"This profit is after a non-cash forex charge on account of Ind AS 116 of Rs 75.9 crore without which the profit would have been Rs 149.1 crore," SpiceJet said in a release.
14 Feb 09:38 • Business-Standard • 1502508926113621907.htmlSpiceJet soars 10% on 21% YoY rise in net profit; B737 may return this year
On the operational front, Passenger Load Factor came in at 91.9 per cent in Q3, with the fleet size growing to 119 aircraft as on December 31, 2019.
14 Feb 09:16 • Business-Standard • 1502508925013337070.htmlIndia, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry
14 Feb 09:52 • 3 articles
Ahead of Trump's visit, govt offers to import US dairy, chicken to seal elusive trade deal
India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry
14 Feb 09:52 • Business Today • 1145527432277603411.htmlIndia offers U.S. dairy, chicken access in bid for elusive trade deal with Trump
Dykes said the U.S. dairy industry was looking for access in viable commercial quantities.
14 Feb 09:29 • Deccan Herald • 2027555796767676007.htmlIndia offers to open up poultry, dairy markets for trade deal with Trump
India, the world's largest milk-producing nation, has traditionally restricted dairy imports to protect the livelihoods of 80 million rural households involved in the industry
14 Feb 09:18 • Business-Standard • 1502508926438182554.htmlNEW DELHI: With the Supreme Court on Friday taking a strong view of non-compliance of its order on payment of statutory dues by telecom firms, situation for Vodafone Idea is "particularly vulnerable" and the risk of duopoly in the sector is higher than before, according to an analyst.
14 Feb 09:45 • 2 articles
Risk of duopoly in telecom sector higher than before: Analyst
The room for manoeuvre is now very less for operators. The situation is particularly grave for Voda Idea.
14 Feb 09:45 • The Economic Times • 7653256036998966742.htmlAGR dues: Risk of duopoly in telecom higher than before, says analyst
Most of the remaining liability is with state-owned BSNL/MTNL and some of the shut/bankrupt telecom companies
14 Feb 09:34 • Business-Standard • 1502508925237233264.html