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Top 100 Stories to Know for 21 Oct 2019 - Global

Andrew Pearse told a court in New York how he pocketed the money through a massive kickback scheme and named ex-colleagues he says made millions of their own.
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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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WiseTech critic defiant on claims against $10bn tech giant

Sydney Morning Herald - 20 Oct 2019 15:00
Short-selling hedge fund J Capital Research remains defiant about its claims that WiseTech has overstated its earnings despite a detailed rebuttal by analysts
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How America's Largest TruckJimmy Haslam III relies on frank advice from colleagues and friends to steer Pilot Flying J
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IMF says corporate income taxThe International Monetary Fund on Friday supported India's recent decision to reduce corporate income tax, saying it has a positive impact on investment. It, however, said India should address... continued fiscal consolidation and secure long-term stability of the fiscal conditions.
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Despite IMF projections, IndiaIndia remains among the fastest growing economies of the world and efforts are being made to make it grow faster, Union finance minister Nirmala Sitharaman has said.
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China's Economic Growth Slows as Challenges Mount

The New York Times - 18 Oct 2019 04:42
China's Economic Growth SlowsThe U.S. trade war is only part of the problem, as Beijing grapples with weakening investment and increasingly pessimistic consumers.
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Universal Music GroupTwo months after Universal Music Group rocked the music world with a $33 billion valuation tied to an impending investment, its parent company revealed that other investors may want in "at a similar... price level." UMG parent Vivendi on Thursday said unnamed investors are seeking to follow Chinese investment firm Tencent Holdings in acquiring a...
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China Economic Growth Slows Even More

Wall Street Journal - 18 Oct 2019 04:00
China Economic Growth SlowsChina's economy expanded by 6% in the third quarter from a year earlier, down from the period before, which hit the bottom end of Beijing's target range for economic growth this year.
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Asian stocks edged higher on Friday, tracking the global lift in sentiment after the UK and the European Union struck a long-awaited Brexit deal, but concern about the Chinese economy is likely to cap... gains with data expected to show weaker growth.
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U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc , according to... a filing on Wednesday.
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Citigroup Inc has named Peter Babej, the U.S. bank's global head of financial institutions group, as its new Asia Pacific chief executive officer, according to an internal memo seen by Reuters on... Thursday.
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Some Say A Nonprofit ResearchThe Alliance for Aging Research (AAR) says ICER's calculations discriminate against older adults.
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Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world's largest economy, sucking the steam out of a five-session rally, while hopes of a... Brexit deal kept sterling volatile.
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Banks have yet to finalise a resolution plan for the mortgage lender.
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Netflix Heads Into ShowdownNumbers provide evidence that Netflix's salad days may be over, particularly in the U.S.
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Amazon's Staten Island workersWorkers at Amazon's new Staten Island warehouse are getting hurt at three times the rate of other warehouse workers nationwide, according to a report out Wednesday. Employees at the year-old,... four-story facility, where merchandise is sorted into yellow bins on conveyor belts, feel pressure to work "harder and faster," resulting in a higher-than-average injury rate,...
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Roger Federer Confirms He WillRoger Federer's 2020 spring and summer may be one of his busiest yet
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Asian shares inched higher while sterling came off five-month highs in volatile trade on Wednesday as investors looked to whether Britain can secure a deal to avoid a disorderly exit from the European... Union.
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A New Standard That MakesThe music industry is embracing a new standard called MEAD (Media Enrichment And Description) for communicating metadata--information about music that will make it easier to describe and find.
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Goldman Sachs says it lostGoldman Sachs said it lost $80 million on its investment in WeWork, helping fuel a 26 percent profit drop at the Wall Street giant. The collapse of WeWork's parent company's initial public offering... last month weighed heavily on Goldman, which had a 1.4 percent stake in the office-sharing startup. Goldman had reportedly floated that Wall...
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Lingerie company suesA Hollywood actor has been posing as a lingerie company's talent scout as part of a lurid scheme to convince women to send him nudie photos, according to an explosive lawsuit by the company. Daniel... Giovanni Watson, who appeared in "Canal Street," "Love Triangle" and "Unsolved: The Murders of Tupac and the Notorious B.I.G.," has...
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Ford and Chrysler workers getFord and FCA workers pay close attention to GM-UAW talks knowing they could be next. They also volunteer to join the picket line, donate goods.       
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Lineage is a powerhouse in Asia-Pacific mobile markets, with Lineage M and Lineage 2: Revolution bringing in more than an estimated $4 billion since 2016 on iOS and Android.
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Fed's back printing money - so what gives?

New York Post - 15 Oct 2019 04:39
Fed's back printing money - soAlthough there's been no official announcement, the Federal Reserve has restarted QE -- better known as Quack Economics. You might know it better as Quantitative Easing, in which the central bank buys... large amounts of government bonds or other assets to help stimulate the economy. There have been three of these QEs since the financial...
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