By Andy Mukherjee | Bloomberg, Even if it proves to be a blip, this week’s volatility in gold may have its uses. For one thing, Tuesday’s steepest single-day price decline in seven years should make bankers in India wary of storing up future trouble by writing risky subprime loans against the country’s most-loved commodity. Gold has a strong emotive appeal to Indians,…
By Alex Webb | Bloomberg, When negotiating with U.S. cable billionaire John Malone, your team can ill afford to have a weak link. Unfortunately for Sunrise Communications Group AG, its biggest shareholder is just that. Malone’s Liberty Global Plc announced a 110 Swiss franc-per-share deal on Wednesday that values the Zurich-based mobile carrier at 6.8 billion…
When it comes to asserting the powers of his office, President Donald Trump is no shrinking violet. In the response to the coronavirus, however, Trump’s critics say he could do more with a law at his disposal that can speed up production of items needed by hospitals and health care professionals. Trump has used the…
The Zoning Board of Appeals will hold a meeting on Thursday, August 13, 2020 at 7:00 p.m. During this meeting a public hearing will be held to discuss 1705 Lay Boulevard. Daniel Edlund is requesting a use variance from Chapter 4, Section 4.1, to utilize this residential structure as a duplex due to the floor…
NEW DELHI: Delhi chief minister Arvind Kejriwal held a meeting last week with a panel of industry leaders, young entrepreneurs to kickstart the consultation process for Delhi’s new policy for startups. The idea was to discuss ways to develop Delhi as a leading choice for startups. According to a report by TiE from September 2019…
SEOUL (Reuters) – Satellite imagery suggests recent flooding in North Korea may have damaged pump houses connected to the country’s main nuclear facility, a U.S.-based think-tank said on Thursday. A view of the Yongbyon Nuclear Scientific Research Center shows flooding along the bank of the Kuryong River in Yongbyon, North Korea, August 6, 2020. Picture…
MANILA (Reuters) – The Philippine unit of Royal Dutch Shell said on Tuesday it will permanently shut one of the country’s two oil refineries, blaming a pandemic-led slump in margins, with other regional closures likely to follow, according to analysts. FILE PHOTO: Residents transport commuters and soda bottles on tricycles past a Shell petrol station…
TOKYO (Reuters) – The dollar fell against most of its peers on Thursday amid fading hopes for a compromise between Republicans and Democrats over additional stimulus for the U.S. economy. FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado RuvicThe Australian dollar rose after better-than-expected jobs data eased concerns…
TOKYO (Reuters) – The dollar fell against most of its peers on Thursday amid fading hopes for a compromise between Republicans and Democrats over additional stimulus for the U.S. economy. FILE PHOTO: Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick WilkingThe…
WELLINGTON (Reuters) – New Zealand was scrambling to trace the source of its first coronavirus outbreak in more than three months, reporting 13 new community infections on Thursday, after Prime Minister Jacinda Ardern had sought to eradicate the virus with a hard lockdown. FILE PHOTO: New Zealand Prime Minister Jacinda Ardern speaks during a joint…