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Business News

Global Business News for 21 Oct 2019

LHC Capital, the only significant external investor in suspended ASX tech darling iSignthis, has backed its business model and taken a shot at regulators.
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RNC Minerals' Beta Hunt keepsThe Kambalda mine has coughed up another whopper gold specimen, worth $7 million.
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Tesla Model 3 named New Car ofThe Model 3 also bagged gongs for the best electric model, best company car and a safety award having aced the industry's crash tests. It's the first time an electric vehicle has Parkers' best new car... title.
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9 Myths About Credit Scores

Wall Street Journal - 21 Oct 2019 04:10
People think they know what causes a credit score to rise or fall. They're often wrong.
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A Tax Trap Many Fund Investors Fall Into

Wall Street Journal - 21 Oct 2019 04:08
Don't buy a mutual fund just before a big capital-gains distribution.
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It's hard enough to influence people's behavior when you're alive. After you're dead? You may be inviting trouble.
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Test How Much You Really Know About Credit Cards

Wall Street Journal - 21 Oct 2019 04:05
What might happen if you're late on a payment? See if you're right.
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Advice for a Couple That Has Way Too Much Credit-Card Debt

Wall Street Journal - 21 Oct 2019 04:02
The Smiths have a lot of debt on credit cards. A financial planner offers ideas for how they can fix that and get on with their own plans.
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U.S. negotiators dangled a Trumpian carrot before North Korean diplomats during nuclear talks two weeks ago: a promise to complete and expand a tourist resort that has been a favorite project of Kim... Jong-un.
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Inside Jet Edge's New BoeingComing soon, as in the next couple weeks, Jet Edge plans to make this queen of the private skies readily available in the U. S.
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Oil prices eased on Monday amid persistent concerns about the global economic outlook and the impact on oil demand, while Russia again missed its target to cut oil output last month.
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Diversification and innovation are proving to be a key factor in the survival of multi-generation farming families.
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Copies of the letters sent by the group to both the board of Infosys and the SEC were shared with ET.
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Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.
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Thomson Reuters Corp is engaged in succession planning for Chief Executive Jim Smith as "a matter of good governance," the business information company said on Sunday.
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Tax cuts a must to make IndianIndian carriers are paying a much higher cost of operation and, therefore, they are not competitive with others, he said
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Christine Lagarde, former head of the International Monetary Fund, says President Donald Trump is responsible for many of the risks facing the global economy, and warns that the rise of nationalism is... not the answer to economic fears.
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Australia's largest travel agency pays a $252,000 penalty for allegedly misleading customers about the conditions of its holiday period promotions.
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NAB paid $1m in commissions to unlicensed introducers: ASIC

Sydney Morning Herald - 21 Oct 2019 02:17
A document filed in the Federal Court as part of ASIC's case against the bank provides new details on how much was paid in commissions.
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How Programmatic Disruption IsOnline marketing has gone through three distinct phases so far, where innovation and economic upheaval have more or less systematically brought about the end of one era and a shift toward the next.... Some think that the age of having everything move entirely online in marketing is already upon us, but I actually beg to...
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Amid Surge Of Large NewBusiness jet makers' factories have been humming at a higher pace this year, but with fears of a recession rising, the outlook for sales of new planes is softening, according to a new forecast, with... more owners expressing an interest in buying used models.
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Lebanon is swarming withSam Tarling/Getty Images Hundreds of thousands of people swarmed the streets of Lebanon over the weekend to protest governmental corruption in fiery demonstrations that swept the country's largest... cities. People initially flooded the streets of cities like Beirut and Tripoli to protest a proposed tax of $0.20 daily on calls via WhatsApp and other messaging apps on Thursday, but continued demonstrations over the next few days to push back on wider issues like corruption and poor infrastructure. "We are not here over the WhatsApp, we are here over everything: over fuel, food, bread, over everything," said Abdullah, a protester in Beirut told the BBC. Visit Insider's homepage for more stories. Hundreds of thousands of people swarmed the streets of Lebanon over the weekend to protest...
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Are Breakfast Food Start-UpsA slew of consumer-packaged food brands challenging the traditional breakfast category has entered the market in recent months with newly raised capital.
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G.M. Contract Terms May Be a Tougher Fit for Its Rivals

The New York Times - 21 Oct 2019 01:01
G.M. Contract Terms May Be aGeneral Motors made cost concessions to get the union to accept the shutdown of three plants -- a priority that Ford and Fiat Chrysler don't have.
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Investor Group Increases Bid for Owner of Saks

Wall Street Journal - 21 Oct 2019 15:58
Investor Group Increases BidHudson's Bay moved closer to exiting the public markets after an investor group raised its offer for the owner of Saks Fifth Avenue, which has grappled with shifts in the retail landscape.
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