Thursday September 19-th, 2019

SEC settles with founders of Bitqyck for defrauding investors on crypto offering SEC settles with founders of Bitqyck for defrauding investors on crypto offering

The US Securities and Exchange Commission ( SEC ) has settled with crypto exchange Bitqyck and its founders Bruce Bise and Sam Mendez over what the SEC believed was an unregistered token sale that raised $ 13 million . The SEC sought ...

Early trade in New York: dollar modestly higher with eased trade tensions Early trade in New York: dollar modestly higher with eased trade tensions

Statements from U.S. President Donald Trump and China's commerce ministry on Thursday that the countries were scheduling trade talks brought some respite to equities, which have been roiled by the escalating trade war. Investors are anxious that th...

Lloyds and RBS shares rise as PPI deadline nears Lloyds and RBS shares rise as PPI deadline nears

The deadline to doubtlessly declare a refund on mis-sold PPI is tonight. Some banks say they'll accept your claim if you post the letter on August 29, while others say they must have received it by then, so double-check what applies at your provide...

Air Canada ordered to pay $21000 to two francophones over language violations Air Canada ordered to pay $21000 to two francophones over language violations

Less than one month later, Air Canada is also receiving airtime for a similar complaint. But previously, the airline got away with a slap on the wrist - and an apology. In 2014, the Supreme Court ruled that they could not sue the air liner on an glob...

Austal ups profit forecasts on Australasian gains Austal ups profit forecasts on Australasian gains

The US Navy has ordered a total of 33 littoral combat ships and expeditionary fast transport ships from Austal, 20 of which have been delivered, including three previous year. The geographical mix is also reflected in Austal's order book. As well a...

NextGen PSBs: Indian Bank-Allahabad Bank merger to boost scale of ops NextGen PSBs: Indian Bank-Allahabad Bank merger to boost scale of ops

We did not lose our identity and Indian Bank is rightly recognised for its self-driven growth. She said banks would play an important role in making India a $5 trillion economy , for that they needed more lending capacity so they could provide bet...

Wall St slips on mixed data, looming tariffs ahead of market holiday Wall St slips on mixed data, looming tariffs ahead of market holiday

The S&P 500 was up 36.64 points, or 1.27 per cent, to 2,924.58. The Nasdaq Composite gained 88.90 points, or 1.13%, to 7,945.78 at the opening bell. Investors are also bracing for a new round of USA tariffs on some Chinese goods that would come int...

Magic Waters gets new name, new waterslide in 2020 Magic Waters gets new name, new waterslide in 2020

The front auto will feature the face of the Jersey Devil - the mythical creature from the state's Pine Barrens region. The water park will also receive major upgrades for the 2020 season, which include new signage, renovated dining areas and fres...

YouTube Will Pay Up to $200 Million for Violating Privacy Rules YouTube Will Pay Up to $200 Million for Violating Privacy Rules

The settlement with the world's largest video service represents the most significant US enforcement action against a big technology company in the past five years over practices involving minors. Its alleged infraction was collecting data on youthfu...

BCUC finds no evidence of collusion in gas price inquiry BCUC finds no evidence of collusion in gas price inquiry

In northern B.C., Morton said there was an unexplained difference of six cents. "There is no evidence to suggest that collusion among the retail operators exists nor is there evidence of cartel behaviour", the BCUC final report concludes.

Ford recalls 665,000 vehicles for safety issues Ford recalls 665,000 vehicles for safety issues

Ford is not aware of any accidents or injuries associated with any of these conditions. The first recall is for a lack of seat restraints and covers 483,325 vehicles in the USA and another 58,712 in Canada. If bolts are already broken or missing, t...

Cannabis Tilray acquires Alberta cannabis retailer Four20 Cannabis Tilray acquires Alberta cannabis retailer Four20

According to Tilray CEO Brendan Kennedy in a conference call earlier in August, there are still " severe distribution constraints " in terms of the cannabis industry's retail visibility. The deal comes amid expected consolidation in the cannabis se...

Coastal banks to merge: Syndicate with Canara; Corporation with others Coastal banks to merge: Syndicate with Canara; Corporation with others

Finance Minister Nirmala Sitharaman announced that the gross non-performing assets (NPAs) in the baning sector have come down from Rs 8.65 lakh crore to 7.90 lakh crore. "United Bank will cease to exist upon merger and outcome for IDBI bank will de...

USA consumers boost spending in July USA consumers boost spending in July

An inflation measure in the report increased 0.2% in July and 1.4% from a year earlier, evidence that inflation remains mild. Economists polled by Reuters had forecast consumer spending advancing 0.5% in July. This so-called real consumer spending ro...

Whirlpool, KitchenAid and JennAir cooktops recalled over potential fire hazard Whirlpool, KitchenAid and JennAir cooktops recalled over potential fire hazard

Health Canada says no injuries have been reported in this country, although there has been one report of cabinet damage due to the cooktop being on for a long time. Whirlpool encourages consumers who have the appliances in their home to contact the c...

Canadian economy posts strong quarterly growth, but details underwhelm, trade risks loom Canadian economy posts strong quarterly growth, but details underwhelm, trade risks loom

The Bank of Canada is to release its next interest rate decision on September 4 and most analysts think it will not move. Whether the Bank of Canada waits until early 2020 to lower interest rates or does so this year has left economists polled by R...

Industry pressures draw Toyota, Suzuki closer in new partnership Industry pressures draw Toyota, Suzuki closer in new partnership

While the first announcement of this alliance came out in 2016 , it was in March 2019 when the companies announced that they've agreed for joint product development and collaboration in production by promoting mutual supply of products.

India announces series of mergers of state-run banks India announces series of mergers of state-run banks

All the anchor banks in the consolidation process will get capital support. She said the creation of next-generation banks was imperative for India to become a USA $5 trillion economy in the next five years. IOB will continue its presence in the so...

Trump slams GM for shrinking its U.S. presence Trump slams GM for shrinking its U.S. presence

Taxpayers funded a $50 billion package that bailed out General Motors after the company went bankrupt in 2009, as the federal government ultimately lost $11.2 billion in the process. In fact, GM now employs more workers in China than it does memb...

Microsoft vendors bag $7.6 billion U.S. government deal Microsoft vendors bag $7.6 billion U.S. government deal

While the Microsoft Office 365 productivity software is cloud-based, the contract isn't related to the hotly disputed "JEDI" cloud project that the Pentagon has yet to award. "DOD's cloud strategy includes both general goal and fit-for-purpose clou...

'GET READY': Trump promises 'giant package' related to ethanol to please farmers 'GET READY': Trump promises 'giant package' related to ethanol to please farmers

After the U.S. Environmental Protection Agency approved 31 waivers for oil refineries that ethanol producers say destroys demand for corn, support for the president among Iowa agriculture is being tested. DeLanghe said the ethanol industry has been b...

Twitter CEO Jack Dorsey's account apparently hacked Twitter CEO Jack Dorsey's account apparently hacked

The hacker also told users to follow an account "or Twitter headquarters is blowing up". At approximately 12:45 PST today, tweets coming from the account seemed to be the work of either a hacker or a disgruntled employee. The posts are now in the p...

U.S. pending home sales decrease 2.5 percent in July U.S. pending home sales decrease 2.5 percent in July

Washington, DC, August 29, 2019-The Pending Home Sales Index decreased 2.5% to 105.6 in July, down from 108.3 in June, according to the National Association of Realtors. Pending home sales in the South decreased 2.4 percent to an index of 122.7 in Ju...

Changes to expect after FM’s announcements on PSU bank mergers Changes to expect after FM’s announcements on PSU bank mergers

Objective of the mergers, she said is to make them global sized banks. Modi's government has vowed to clean up the banking sector and reduce the number of state-run banks. The combined entity will have an advances base of Rs 3.51 lakh crore and a d...

United States firms in China hurt by trade war United States firms in China hurt by trade war

The president also said he was surprised the regime hasn't done more to curb the flow of synthetic opioid fentanyl into the United States, which Chinese leader Xi Jinping had agreed to during a meeting with Trump at the G-20 Summit in Argentina las...

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