Business News
American Business News for 21 Aug 2019
Is it a wise idea to opt for repo-linked loan?
livemint.com - 21 Aug 2019 19:18RLLR-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 to cut 80 U.S. mortgage jobs as it exits TPO loan channel
American Banker - 21 Aug 2019 18:19Santander 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 Could Destroy This Nation
Forbes - 21 Aug 2019 19:11
Texas shale towns grapple with growth as oil-bust fears fade
Reuters - 21 Aug 2019 13:08In 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 12:53Royal Bank of Canada report that third-quarter profit grew as net interest income rose by almost 10%, but its credit-loss provision climbed 23%.
London Markets: British stocks bid higher for third gain in four sessions
Market Watch - 21 Aug 2019 11:55The path of least resistance was higher on Wednesday as British stocks rallied with little macroeconomic or corporate news.
Britannia Industries falls nearly 4% as worries over demand slump deepen
Business Standard - 21 Aug 2019 06:36
Trump looking at possible tax cuts amid economic jitters
Reuters - 21 Aug 2019 01:51President 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. Sold for $100,000. What just happened?
L.A. Times - 21 Aug 2019 00:4820 amazing products you need to practice self-care
USA Today - 21 Aug 2019 21:38
"Salome" Is the Opera That Fascinates Me Most
The New Yorker - 21 Aug 2019 17:40Alex 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.
U.S. markets regulator proposes new guidelines on shareholder advisers
Reuters - 21 Aug 2019 16:43The 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 Grind Consumers' Gears, And What You Can Do About It
Forbes - 21 Aug 2019 16:33
For Manufacturers in China, Breaking Up Is Hard to Do
Wall Street Journal - 21 Aug 2019 16:33Court Documents Tie Huawei to Iran, Syria, Sudan, Describe New Banking Links
Wall Street Journal - 21 Aug 2019 16:01For This Global Leader, Smart Money Follows Smart Ideas
Forbes - 21 Aug 2019 15:57
Market Snapshot: Dow rises 200 points amid good earnings from Target and Lowe's
Market Watch - 21 Aug 2019 15:46U.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 Limit Transparency And Harm Investors
Forbes - 21 Aug 2019 15:12
Q2 Roundup: Walmart Wins Big, Department And Apparel Stores Must Prepare For Tariffs
Retail Touch Points - 21 Aug 2019 15:01
Dell unveils new XPS, Inspiron, and Vostro models with Intel Comet Lake processors
Venture Beat - 21 Aug 2019 15:00Ahead 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 | Silver surge 4% in August
Money Control - 21 Aug 2019 13:46
Book in the news... the inside story of Spain's tumultuous crisis
MoneyWeek - 21 Aug 2019 12:23After 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 Nifty inclusion hopes; Indiabulls Housing could make way
Business Standard - 21 Aug 2019 11:50
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.
Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests - sources
Reuters - 21 Aug 2019 05:10China'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.