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Business News

Location American Business News for 21 Aug 2019

Is it a wise idea to opt for repo-linked loan?

livemint.com - 21 Aug 2019 19:18
RLLR-based home loan will ensure faster rate cut transmission.In the past, there has been a lot of talk of banks not being able to effectively transmit rate cuts to customers
Santander Bank's U.S. unit will be eliminating 80 mortgage-related positions as it withdraws from the third-party origination sales channel and refocuses on producing home loans through its branch... network.
Modern Monetary Theory CouldIf we attempt MMT in the next decade, it will end the US dollar's reserve currency status and produce out-of-control inflation.
In west Texas, the center of the U.S. oil boom, about 3,800 students at Permian High School are crammed into a campus designed for 2,500, with 20 portable buildings to help with the overflow.

Royal Bank of Canada's Profit Increases

Wall Street Journal - 21 Aug 2019 12:53
Royal Bank of Canada report that third-quarter profit grew as net interest income rose by almost 10%, but its credit-loss provision climbed 23%.
The path of least resistance was higher on Wednesday as British stocks rallied with little macroeconomic or corporate news.
Britannia Industries fallsFor the quarter ended June 30, 2019, Britannia Industries reported a 5.9 per cent year-on-year (YoY) growth in consolidated net sales at Rs 2,677.3 crore, while its net profit fell by 3.7 per cent YoY
President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world's top... economy could be heading for a recession.
Once listed for $1 billion.After listing for $1 billion last year, a 157-acre Beverly Hills property called the Mountain has sold at foreclosure auction for $100,000 to the estate of Herbalife founder Mark Hughes, the... property's previous owner.
20 amazing products you needYou deserve it to treat yourself with products like essential oil diffusers, yoga mats, bath salts, and more.       

"Salome" Is the Opera That Fascinates Me Most

The New Yorker - 21 Aug 2019 17:40
Alex Ross writes about Richard Strauss's opera "Salome," whose staggeringly original score, unsettling sexual and racial politics, and disjointed scale effectively raised the curtain on... twentieth-century music.
The U.S. Securities and Exchange Commission on Wednesday proposed new guidance that aims to clarify how investors and advisory firms that vote on their behalf should cast their votes in corporate... elections on issues like pay and diversity.
7 Things That Really GrindAre you getting on your customers' nerves?

For Manufacturers in China, Breaking Up Is Hard to Do

Wall Street Journal - 21 Aug 2019 16:33
For Manufacturers in China,As trade fight intensifies with the U.S., companies are rushing to set up new supply chains in countries such as Vietnam. They're quickly finding no place offers the complete solution that China does.
Court Documents Tie Huawei toNew details about the U.S. sanctions-busting case against Huawei Technologies emerged in court filings in Canada, including about the Chinese telecom giant's alleged dealings in Iran, Syria and Sudan.
For This Global Leader, SmartTom Costabile, Exec.Dir. of the American Society of Mechanical Engineers, explains why engineering at its best is first about ethics, not tech.
U.S. stocks head higher Wednesday after upbeat quarterly results from some of the nation's biggest retailers Target Corp., and Lowe's.
New Accounting Rules LimitWe raise awareness for both regulators and investors of how recent changes in disclosures affect average investors.
Q2 Roundup: Walmart Wins Big,With another major earnings week underway, the biggest names in retail continue to grab the most attention, albeit for quite contradictory reasons: Walmart was a big winner despite its internal... struggle over high e-Commerce losses; Department stores such as Macy's, Kohl's and JCPenney still haven't shown significant signs of growth even as partnerships and investments ramp up; and Current and looming Chinese tariffs continue to put worry lines on the faces of department store and apparel retail executives. Walmart reported a 37% increase in e-Commerce sales, along with a total revenue increase of 2.9% to $131.7 billion, while same-store sales jumped 2.8%.The average ticket was up 2.2%, better than a 1.8% increase a year ago. Adjusted earnings per share (EPS) was $1.27, outperforming the...
Ahead of the IFA 2019 conference in Berlin, Dell unveiled a slew of new XPS, Vostro, and Inspiron models packing Intel's latest-generation Core processors.
Commodities@Moneycontrol |Here#39;s a roundup of key happenings in the commodities market
After the Fall Crisis, Recovery and the Making of a New SpainA book that goes beyond politics to offer a deeply sympathetic portrayal of a country. The post Book in the news... the inside story of... Spain's tumultuous crisis was first published on MoneyWeek.
Nestle rallies on NiftyICICI Direct says Nestle India could have a weightage of near 1 per cent in Nifty index

NMDC stock plunges after it loses licence for K'taka mine

The Economic Times - 21 Aug 2019 05:19
"We expect NMDC's profitability to be impacted by potential loss of leases in Chhattisgarh that are coming up for renewal soon," said Amit Dixit, metals analyst at Edelweiss.
China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge... of the matter told Reuters.