Business News - The Last 24 Hours

Banned outfits in Pakistan operate openly on Facebook: Report
Indiatimes - 16 min 2 sec ago
The names of all banned outfits - including acronyms and small variations in spelling - were searched on Facebook to find pages, groups, and user profiles.
COMMENTARY:
Seeking Alpha - Facebook's Gameroom Should Also Cater To Hardcore PC Gamers - 2 hours 17 min ago



Live: Mario Draghi weighs in on euro, says stimulus measures need to stay
CNBC - 24 min 16 sec ago
Our live blog is tracking reaction after Mario Draghi signalled the ECB is not yet ready to unwind its fiscal stimulus.
RELATED:
Bloomberg - Draghi Worries About U.S. Protectionism as Euro Area Strengthens - 11 hours 33 min ago
COMMENTARY:
Zero Hedge - Watch Live: Draghi Speaks At Euro Parliament, Makes Case For More Easing - 16 hours 11 min ago



Microsoft has identified a kind of person who can make A.I. more human
CNBC - 2 hours 13 min ago
Microsoft is studying multilingual speech patterns that might be used to make virtual assistants more human-like.



Venezuelan opposition threatens country won’t pay Goldman Sachs’ $2.8 billion bond deal
CNBC - 3 hours 15 min ago
Venezuela’s National Assembly leader threatened a later government may refuse to pay $2.8 billion in bonds Goldman bought.



Singapore's Central Bank Penalizes Credit Suisse, UOB
New York Times - 4 hours 15 min ago
The bank said it has imposed financial penalties after completing its two-year review of banks involved in 1MDB-related transactions.
RELATED:
Reuters - Singapore's central bank ends 1MDB review, penalizes Credit Suisse, UOB - 4 hours 16 min ago
CNBC - Singapore's central bank fines Credit Suisse and UOB for 1MDB-related transactions - 4 hours 27 min ago
COMMENTARY:
Zero Hedge - What Is Happening In The Hong Kong Housing Market "Is A Sea Of Madness" Even Central Bank Warns - 4 hours 43 min ago
Seeking Alpha - All The Central Bank Bashing Is (Mostly) Pointless - 20 hours 30 min ago



Strong start to summer driving season pushed U.S. oil rises towards $50
Reuters - 4 hours 25 min ago
SINGAPORE (Reuters) - U.S. crude oil prices rose toward $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.
COMMENTARY:
Seeking Alpha - Not OPEC, China Dictates The Oil Prices - 4 hours 46 min ago
Zero Hedge - Ignore OPEC, It's China That Dictates Oil Prices - 9 hours 15 min ago
VIDEO:
CNBC Video - The next catalyst to push oil prices above $50 could be Venezuela. Here's why - 5 hours 39 min ago



Why India's Zombie Debt Imperils Modi's Plans: QuickTake Q&A
Bloomberg - 4 hours 28 min ago
The economy in India is growing faster than just about anywhere else. But there’s a threat to that expansion, one that the authorities are struggling to address: the mountain of bad debt at the nation’s banks. Those soured loans have contributed to a $191 billion pile of zombie debt that’s cas ...
RELATED:
Indiatimes - India seen staying fastest growing major economy in January-March quarter: Poll - 21 hours 16 min ago
VIDEO:
CNBC Video - India's Q1 GDP print expected at 7.5%, says Moody's Analytics - 5 hours 33 min ago



Dollar firms against sterling, euro amid political uncertainties
Reuters - 4 hours 45 min ago
TOKYO (Reuters) - The dollar firmed on Tuesday, taking back ground against the euro and sterling which were pressured by political uncertainties in the UK and eurozone.
COMMENTARY:
Seeking Alpha - Dollar Steady After North Korea Missile Test, Euro Dips - 13 hours 35 min ago



Ford to cut jobs as sales flatten, stock prices fall behind
China Daily - 4 hours 45 min ago
DETROIT - The Ford Motor Co is getting leaner as it faces an onslaught of challenges, from slowing United States sales, to high-tech challengers, to its own disgruntled shareholders. The 114-year-old automaker said on Wednesday that it is cutting 1,400 non-factory jobs in North America and Asia-Pa ...



Opporsition leader among injured in latest Venezuelan protests
Euronews - 4 hours 47 min ago
Violent clashes have once again erupted on the streets of Caracas during anti-government protests. One person is thought to have died and as many



Timpson CEO: 'Trust your staff'
BBC - 5 hours 43 min ago
Timpson CEO John Timpson says trust your staff to take the initiative.
RELATED:
Reuters - Japan Tobacco plans to quadruple smokeless tobacco output capacity by 2018: CEO - 18 hours 4 min ago
COMMENTARY:
Washington Post - Elon Musk is the unusual CEO who says his stock is overvalued - 4 hours 45 min ago
Seeking Alpha - Delek Group's (DGRLY) CEO Asi Bartfeld on Q1 2017 Results - Earnings Call Transcript - 12 hours 28 min ago
The Guardian - British Airways CEO will not resign despite 'catastrophic' IT failure - 13 hours 25 min ago



Small firms hit as government tax relief delayed
BBC - 6 hours 2 min ago
Thousands of small firms are still waiting for the government's promised help on business rates.
RELATED:
CNBC - Backdoor IRAs: Another way for high earners to save on taxes in retirement - 15 hours 16 min ago
COMMENTARY:
The Guardian - Sky high carbon tax needed to avoid catastrophic global warming, say experts - 11 hours 23 min ago
BusinessInsider - How Australia's biggest tax fraud syndicate was brought down by a routine inquiry - 13 hours 36 min ago
Fox Business - 5 Ways to Grow Your Tax Refund - 15 hours 9 min ago
Seeking Alpha - Citigroup CCAR: U.S. Tax Reform And Dividend Versus Buyback Question - 17 hours 4 min ago



Canada's Ambrose Says Trudeau Is Doing Good Job on Nafta
Bloomberg - 6 hours 45 min ago
Former Conservative Interim Leader Rona Ambrose joins Bloomberg TV Canada's Lily Jamali to discuss the new Conservative leader Andrew Scheer, the party's new priorities ahead of the 2019 federal election, and the Trudeau government's approach to trade. (Source: Bloomberg)
RELATED:
Bloomberg - Trudeau Tiptoes Toward Trump Trade Talks as Nafta Clock Ticks - 20 hours 16 min ago



White Collar Watch: When ‘Political Intelligence’ Meets Insider Trading
New York Times - 7 hours 8 min ago
Proving a recent case will hinge on how broadly the rules will apply when the information is leaked from a government agency rather than a corporation.



Vietnam Leader Looks to Salvage Obama Trade Gains in Trump Visit
Bloomberg - 7 hours 16 min ago
Vietnamese Prime Minister Nguyen Xuan Phuc has a tough task when he visits the White House this week: Convince President Donald Trump to advance trade ties that blossomed under the Obama administration.
COMMENTARY:
Washington Post - This remote factory is where Trump may finally draw the line on trade - 4 hours 45 min ago
Der Spiegel - EU Commissioner Malmström: 'Millions of U.S. Jobs Depend On Trade with EU' - 14 hours 6 min ago



Why Wall Street is to blame for airline industry's customer service problems
CNBC - 8 hours 17 min ago
Pressure on corporate America is creating an increasingly Dickensian experience as companies focus on maximizing profit.
COMMENTARY:
Washington Post - Once considered the titans of Wall Street, hedge fund managers are in trouble - 7 hours 45 min ago



MI5 launches internal probe over Manchester attack warnings
Indiatimes - 8 hours 46 min ago
A man was arrested in the southern coastal town of Shoreham-by-Sea, more than 400 km from Manchester on Monday over the attack claimed by the IS group.
RELATED:
Indiatimes - Trainee pilot arrested in connection with Manchester attack - 13 hours 45 min ago
Euronews - Manchester residents queue up for "solidarity" tattoos - 22 hours 56 min ago
COMMENTARY:
BusinessInsider - UK police arrest 16th person in connection with Manchester attack as security services probe missed warnings - 22 hours 45 min ago



New Russian jet heralds carbon manufacturing shake-up
Reuters - 10 hours 54 min ago
PARIS (Reuters) - Russia's new jetliner, which conducted its maiden flight on Sunday, may have a hard time challenging the sales duopoly of Boeing and Airbus, but it does point the way to radical changes in how they could be building jets in the future.
COMMENTARY:
Seeking Alpha - Copper Price To Fall With Slowing Manufacturing Data And Higher Interest Rates - 15 hours 41 min ago



How some airlines are turning aircraft into flying art projects
CNBC - 12 hours 16 min ago
Airlines sometimes decorate planes with limited edition themes to mark a special occasion.
COMMENTARY:
BusinessInsider - Here's how much room you get on each of America's airlines (AAL, DAL, UAL, LUV, JBLU, ALK) - 12 hours 43 min ago



After Technical Chaos, British Airways Looks to Restore Schedule
New York Times - 13 hours 5 min ago
The airline said it was running most flights as normal, but the weekend disruption has resulted in tense scenes at London’s two biggest airports in particular.
RELATED:
Reuters - With flights back in the skies, British Airways must now repair damaged reputation - 14 hours 41 min ago
CNN - Computer meltdown may cost British Airways over $100 million - 17 hours 28 min ago
Indiatimes - British Airways IT crash: Passengers face third day of disruption - 22 hours 46 min ago
COMMENTARY:
The Economist - A computer failure at British Airways causes chaos - 18 hours 8 min ago
VIDEO:
CNN Video - British Airways' costly computer system crash - 15 hours 22 min ago



India needs more jobs for women to boost growth: World Bank
Indiatimes - 14 hours 16 min ago
A World Bank report said just 27% of Indian women were working or actively looking for a job, a matter of "serious concern" that was holding back economic growth.
VIDEO:
CNN Video - Medicaid cut could put jobs in Kentucky at risk - 8 hours 19 min ago



Warren Buffett takes 3 per cent stake in Germany's Lanxess
Indiatimes - 15 hours 16 min ago
In a regulatory filing, Lanxess said that Berkshire Hathaway's General Reinsurance unit took a stake of just over 3 percent on May 19.



RBS investor group accepts offer to end lawsuit over 2008 cash call
Reuters - 15 hours 29 min ago
LONDON (Reuters) - A group representing Royal Bank of Scotland investors has accepted an out-of-court deal to settle a lawsuit that aimed to call disgraced former CEO Fred Goodwin to account over a 12 billion pound ($15 billion) cash call in 2008.
RELATED:
BBC - RBS reaches settlement with disgruntled shareholders - 18 hours 51 min ago
COMMENTARY:
The Guardian - RBS: investors urged to settle case with bailed-out bank - 14 hours 52 min ago



ECB waiting for new data but overall extraordinary monetary policy needs to stay
CNBC - 16 hours 6 min ago
The European Central Bank is set to receive updated data when it meets next month, but according to its president, it is not yet time to tighten monetary policy.
VIDEO:
CNBC Video - Too early for ECB to consider tapering its asset purchase programmes: Pro - 5 hours 16 min ago



Arun Jaitley to visit Paris next week, sign OECD pact on tax evasion
Indiatimes - 17 hours 46 min ago
During his three-day visit beginning June 7, Jaitley will also attend the OECD Ministerial Council meeting, in which ministers from the OECD and partner countries will discuss issues of global relevance.



India to grow at 7.2% in 2017-18: World Bank
Indiatimes - 17 hours 46 min ago
In its bi-annual economic India Development Update, the World Bank said the growth will accelerate to 7.2 per cent from 6.8 per cent in 2016-17.



Bitcoin correction sees nearly $4 billion wiped off value of the cryptocurrency as price falls 19%
CNBC - 18 hours 36 min ago
Bitcoin experts still see the price rallying after the correction.
RELATED:
CNBC - Op-Ed: Bitcoin is more akin to the Nasdaq than gold and is not a safe haven asset - 22 hours 10 min ago
COMMENTARY:
Seeking Alpha - Bitcoin: Buy This 'Crash' - 10 hours 14 min ago
Zero Hedge - One Professional Investor's Take On Bitcoin - 11 hours 46 min ago
BusinessInsider - I threw away $4.8 million in bitcoin - 13 hours 55 min ago



China's slam dunk 'sharing economy' booms, but can it last?
Reuters - 20 hours 2 min ago
BEIJING (Reuters) - Fancy shooting some hoops, but don't have a basketball? Caught in the rain with no umbrella? Smartphone run out of juice?



Fake Media preventing Americans from hearing real story: Donald Trump
Indiatimes - 22 hours 46 min ago
US President Donald Trump has alleged that the "fake media" does not want him to use the social media to prevent Americans from hearing the real story.
RELATED:
Indiatimes - Media says Donald Trump will pull US out of Paris accord - 23 hours 46 min ago



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