Business News
RBI withdraws circular that asked banks to disclose IL&FS exposure, provisions
livemint.com - 8 May 2019 21:51
The RBI move comes after the NCLAT last week allowed banks to declare defaulting loans of IL&FS and its group companies as bad loans.RBI had earlier said that banks must disclose details, including total amount of exposu...
Trump 'happy' to keep tariffs on Chinese goods; Beijing prepares retaliation
Reuters - 8 May 2019 23:55
U.S. President Donald Trump said on Wednesday he would be happy to keep tariffs on Chinese imports as the two countries prepare for new talks to try to rescue a faltering trade deal amid a sharp increase in U.S. duties.
Google's I/O 2019 keynote fought Apple's privacy FUD with practicality
Venture Beat - 8 May 2019 19:22
Apple has been waving the privacy flag to justify its underperformant services for years, but Google changed the conversation at I/O this year.
White House says China has indicated it wants to make trade deal
Reuters - 8 May 2019 17:52
The United States has received an indication from China that Beijing wants to make a trade deal, White House spokeswoman Sarah Sanders told reporters on Wednesday, after Washington announced it will raise tariffs on $200...
'China has chosen to retreat' -- the U.S. view as negotiations reach critical juncture
Market Watch - 8 May 2019 16:21
The document released Wednesday outlining a planned increase in tariffs on China makes clear the U.S. fury at a perceived backtracking on key positions.
Hospital working to help prevent patient suicides
Miami Herald - 8 May 2019 16:03
A Vermont hospital wants to spend up to $4 million to prevent patient suicides. Staff at the Rutland Medical Center say while there haven't been any suicides in recent memory, …
President Trump's Businesses Lost More Than $1 Billion Over Ten Years, According to Report
Time - 8 May 2019 15:19
President Trump said the report in the 'New York Times' is "highly inaccurate"
Warby Parker proves you can sell quality glasses at more-affordable prices
L.A. Times - 8 May 2019 14:00Belkin Global CMO Departs to Join Startup Looking to Replace Keycards With Smartphone Tech
AdWeek - 8 May 2019 12:00
Belkin International's global CMO, Kieran Hannon has departed the brand and is joining the executive team of Openpath, a Los Angeles startup, in the same role. Launched less than a year ago, Openpath is a company focused...
China April exports unexpectedly fall but imports rebound as trade talks loom
Reuters - 8 May 2019 06:48
China's exports unexpectedly shrank in April but imports surprised with their first increase in five months, painting a mixed picture of the economy as Beijing and Washington make a last-ditch bid for a trade deal before...
Court reinstates Mercury Insurance $27.5M California fine
Miami Herald - 8 May 2019 06:39
A state appeals court says Mercury Insurance Co. must pay $27.5 million to California for charging its customers illegal fees. On Tuesday, the court in Santa Ana reinstated a 2015 …
China's investment in US drops 83% amid growing mistrust
Miami Herald - 8 May 2019 06:07
Chinese direct investment in the United States dropped 83% last year, pushed down by growing mistrust between the world's two biggest economies. In a report out Wednesday, the Rhodium Group …
Ex-Im Bank finally has quorum to back big loans
American Banker - 8 May 2019 19:19
The Senate has confirmed a new president and two board members, giving the U.S. Export-Import Bank the ability to approve loan guarantees of more than $10 million for the first time since 2015.
3 mistakes you're probably making with your money
USA Today - 8 May 2019 15:30
Everyone makes money mistakes, but some common missteps could come at a tremendous cost to your long-term financial security.
AP Interview: German nationalists inspired by Trump campaign
Miami Herald - 8 May 2019 15:20
Europe's new right could take a page out of U.S. President Donald Trump's populist playbook when it comes to winning support ahead of this month's European elections, says the co-leader …
Fish farming could be the center of a future food system
Fast Company - 8 May 2019 13:30
A new report explains how we can expand aquaculture so we can keep eating fish while rehabilitating our oceans. The world population is expected to grow by at least 2 billion people between now and 2050. That’s going t...
Don’t ban Huawei. Do this instead
Fast Company - 8 May 2019 10:00
Telecommunications policy should be based on objective standards, not geopolitical issues, writes MIT Media Lab founder Nicholas Negroponte. Formally preventing U.S. companies and universities from conducting business an...
China's April exports fall amid US tariff war; imports rise
Miami Herald - 8 May 2019 07:06
China's exports fell in April amid a punishing tariff war with Washington, adding to pressure on Beijing on the eve of negotiations aimed at settling the fight over its technology …
Dow jitters? How to avoid investment blunders as the market skids
USA Today - 8 May 2019 04:01
How to avoid investment mistakes amid Dow's sell-off this week. Hint: Don't peek at your investment balance too often and don't think short-term.
CFPB proposes rule to limit debt collectors' calls
New York Post - 8 May 2019 03:58
Federal regulators proposed a new rule on Tuesday to curb debt collectors' calls to delinquent borrowers -- but consumer advocates complained that the rules leave open too many loopholes when it comes to spam emails and ...
After Gas Explosions in Massachusetts, Gas Company Settles for $80 Million
The New York Times - 8 May 2019 03:57
Columbia Gas is paying Lawrence, Andover and North Andover for repairs after explosions there destroyed homes and killed one person.
Prices for Mexican tomatoes expected to increase 40% to 85% with new tariff
USA Today - 8 May 2019 03:42
The U.S. will impose a17.5% tariff on imported Mexican tomatoes, amove that experts say may lead to shortages and price hikes.