Tuesday October 15-th, 2019

RBI cuts rates, turns 'accommodative' as economy slows RBI cuts rates, turns 'accommodative' as economy slows

A repo rate cut allows banks to reduce interest rates for consumers on loans, and lowers equal monthly instalments on home loans, auto loans and personal loans. Two-thirds of 66 economists polled by news agency Reuters predicted that the MPC to wra...

Fiat Chrysler, Renault merger talks collapse

The two automakers made public their talks to merge in May after months of negotiations. The Renault source said Le Maire had asked for another board meeting next Tuesday after he returns from a trip to Japan where he was to discuss the proposal wi...

Walmart targets high-school students - Walmart Inc. (NYSE:WMT) Walmart targets high-school students - Walmart Inc. (NYSE:WMT)

It's also adding three more universities to the program: Southern New Hampshire University, Purdue University Global and Wilmington University will join The University of Florida, Brandman University and Bellevue University in being eligible places f...

Qantas to launch new Brisbane-US flights

Meanwhile, Australia and New Zealand have already approved the first application for the joint venture business. American Airlines spokesman Shannon Gilson on Sunday said the airline feels it has "made a compelling case about the benefits of the ...

Australia cuts interest rates as economy falters Australia cuts interest rates as economy falters

Prior to Tuesday, just half the 12 RBA cuts since November 2011 were passed on in full - or within 0.01 percentage points of full - by the major banks. The quick moves from the big four is in stark contrast to when the RBA last cut the cash rate in...

Michelin, GM Unveil Airless Tires That Eliminate Flats, Reduce Waste

Michelin and General Motors have teamed up to develop a new generation of airless wheel technology, dubbed the Michelin Uptis Prototype, which reportedly eliminates flats and blowouts. " UPTIS is an ideal fit for propelling the automotive industry i...

GM, Fiat disclose buying regulatory credits from Tesla GM, Fiat disclose buying regulatory credits from Tesla

Business Insider reports that since 2012, Tesla Inc. has raked in millions of dollars from selling its regulatory credits. The filings affirmed how established carmakers such as GM and Fiat Chrysler have been relying on Tesla to comply with the...

Neil Woodford seeks to reassure investors after fund suspension Neil Woodford seeks to reassure investors after fund suspension

In an apology posted on You Tube, Mr Woodford who manages Woodford Equity Income Fund, said: "As hard a decision as this is, and clearly frustrating for you, our investors, we felt this was necessary to protect your interests". On Monday, it said tha...

Walmart CEO may fire up federal minimum wage debate Walmart CEO may fire up federal minimum wage debate

During a brief address at the company's annual shareholders' meeting held near its headquarters in Rogers, Arkansas, Sanders called on Walmart to pay its hourly workers at least $15 per hour. But Walmart said it has raised its starting wages in the...

Oil Slides as Rising U.S. Stockpiles Stoke Glut Fears Oil Slides as Rising U.S. Stockpiles Stoke Glut Fears

Brent for August settlement dropped 30 cents to $60.98 a barrel on London's ICE Futures Europe exchange. JPMorgan Chase & Co. said Monday the chance of a us recession in the second half had risen to 40 per cent from 25 per cent a month ago.

Conexus to close nine branches across Saskatchewan Conexus to close nine branches across Saskatchewan

Conexus has cited a move to digital as one of the reasons for the closures, with members more mobile than ever and using more digital services and less cash. The company will be hosting information sessions in many affected communities next week. ...

Toyota warns that Mexico tariffs could raise costs by US$1 billion Toyota warns that Mexico tariffs could raise costs by US$1 billion

However, Trump's decision to levy wide-ranging tariffs on Mexico could spark a revolt among Republicans, according to recent media reports. If the duties are imposed, US cattle feeders will import fewer cows due to the increased cost, said Derrell ...

Amazon plots ten 'Clicks and Mortar' high street stores in UK Amazon plots ten 'Clicks and Mortar' high street stores in UK

Emma Jones, 47, founder of Enterprise Nation , said: "We've secured the shops, recruited the..." The year-long pilot programme will explore a new model to help up-and-coming online brands grow their high street presence. The first store opens in Man...

Amazon Expands 1-Day Delivery Ahead of Prime Day Amazon Expands 1-Day Delivery Ahead of Prime Day

The company also said that one-day delivery for Prime is available coast to coast, up from 10,000 cities and towns cited in its Q4 call. It did say, however, that it planned to invest $800 million to shorten the delivery window. Starting Monday, th...

Ikea and Ori team up to launch Rognan robotic furniture in Asia Ikea and Ori team up to launch Rognan robotic furniture in Asia

You'll have to wait until next year to purchase any of the robotic furniture, but IKEA promises it will provide more information this summer. Not yet. "We need to use spaces and furniture that adapt to us and our activities, not the other way around"...

Volkswagen ID. R sets new Nurburgring EV record Volkswagen ID. R sets new Nurburgring EV record

The 671bph Volkswagen ID R has smashed the electric lap record at the Nurburgring Nordschleife , with Romain Dumas lapping the 12.9-mile circuit in 6 min 05.336 secs. VW spent months preparing for the record attempt , ensuring that the batteries wo...

China's Xi in Russian Federation to usher 'new era' of cooperation China's Xi in Russian Federation to usher 'new era' of cooperation

Ties now are "at an unprecedented level", Mr Putin said at the start of the meeting on Wednesday (June 5). Xi arrived here on Wednesday for a state visit to Russian Federation. Nevertheless, China's share in Russian foreign trade has almost doubled...

Gold holds near three-month peak on slowdown fears, Fed rate views Gold holds near three-month peak on slowdown fears, Fed rate views

At 11:23 a.m. ET, the Dow Jones Industrial Average was up 117.64 points, or 0.46%, at 25,449.82, while the S&P 500 was up 8.85 points, or 0.32%, at 2,812.12. In the U.S. Treasuries market, benchmark 10-year notes last rose 5/32 in price to yield 2.10...

Jaguar Land Rover and BMW to team up on EV tech Jaguar Land Rover and BMW to team up on EV tech

Jaguar Land Rover will launch a plug-in hybrid Evoque and Discovery Sport in the next 12 months, while BMW will introduce the electric iX3 next year, closely followed by the i4 , an electric equivalent to the 3 Series. In a statement , BM...

Southwest Airlines 3-day sale has flights from Detroit for $49

To take advantage of the airline's fare sale, travelers will have to book flights by 11:59 p.m. on June 6. Example fares include $49 one-way nonstop flights between Phoenix and Las Vegas , as well as one-way nonstop between Atlanta and Nashville ...

General Motors working on revolutionary airless tires General Motors working on revolutionary airless tires

Airless tires, often called tweels, are nothing new. The real-world tests are created to help further develop the tires so GM can introduce them on passenger vehicles as early as 2024. They also haven't been tested widely enough to determine whethe...

Facebook shareholders revolt in bid to topple Mark Zuckerberg as chairman Facebook shareholders revolt in bid to topple Mark Zuckerberg as chairman

The revolt against Facebook is gathering momentum, but CEO Mark Zuckerberg can rest easy for the time being. Results from the Facebook's annual shareholder meeting last week show that numerous investor proposals meant to limit Zuckerberg's powe...

Britain’s Ineos to invest $2 billion in Saudi plants Britain’s Ineos to invest $2 billion in Saudi plants

The U.S. Congress has blocked about $2 billion in arms sales to Saudi Arabia in the past year, although the Trump administration is trying to work around Congress to supply arms to the kingdom. CEO of Ineos Nitriles, said. The investment in the Mid...

Oil prices rebound on Saudi supply reassurances Oil prices rebound on Saudi supply reassurances

U.S. West Texas Intermediate crude was down 50 cents at $52.98 a barrel. In gasoline, the authority reported a build of 3.2 million barrels for the week to May 31. Mexico said it would reject a U.S. idea to take in Central American asylum seekers...

United States recession warning as China trade war escalates United States recession warning as China trade war escalates

Also sounding the alert, economists at Goldman Sachs Group Inc. said they now expect the U.S.to impose 10% tariffs on the remaining $300 billion-worth of imports from China and on all Mexican goods, too. The rift between the Trump administration an...

IN CASE YOU MISSED IT