Business News - The Last 24 Hours

Next govt should abolish MSP in 3 years, cut corporate tax by 5 per cent: Economist Surjit Bhalla
Indiatimes - 20 min 36 sec ago
The former Economic Advisory Council to the Prime Minister (EAC-PM) member also said India is unlikely to fall in the middle income trap.
RELATED:
Indiatimes - Next govt should abolish MSP in 3 years, cut corporate tax to 5 per cent: Economist Surjit Bhalla - 1 hour 20 min ago
Fox Business - 3 Ways to Pay Less Tax in Retirement - 16 hours 44 min ago
COMMENTARY:
MarketWatch - Tax Guy: The tax-smart way to loan money to family members - 4 hours 51 min ago
The Japan Times - Japanese economy grows in first quarter in news that could quell tax hike debate - 13 hours 50 min ago



China won't take Trump's Huawei ban lying down
Fox Business - 22 min 10 sec ago
Anyone who thinks that China will take this sitting on its rear end has probably been betting the Mets every day.
RELATED:
CNBC - Chipmaker stocks plunge on report that companies are dropping business with Huawei - 1 hour 14 min ago
Reuters - Wall St. set for weak opening on Huawei crackdown fallout fears - 1 hour 32 min ago
Fox Business - Chipmaker shares drop on fallout from Huawei blacklisting - 3 hours 4 min ago
COMMENTARY:
24/7 Wall St. - Are US Restrictions Putting the Controversial Huawei Out of Business? - 52 min 55 sec ago
Vox - Recode Daily: The US government’s battle with Huawei, explained - 2 hours 21 min ago
Washington Post - Trump’s Huawei Ban Will Reverberate Beyond China - 3 hours 10 min ago
The Japan Times - Top U.S. tech companies begin to cut off vital Huawei supplies - 4 hours 50 min ago
TechCrunch - Huawei responds to Android ban with service and security guarantees, but its future is unclear - 5 hours 22 min ago
VIDEO:
Reuters Video - European shares hobbled as worries about Huawei fallout mount - 2 hours 47 min ago
CNBC Video - Markets point to a lower open amid US crackdown on Huawei - 4 hours 12 min ago



Goldman selects Mazars to audit European operations
Reuters - 37 min 37 sec ago
Goldman Sachs said on Monday it has appointed Mazars to audit its European operations in a major coup for the Paris headquartered accounting firm.
RELATED:
CNBC - Goldman Sachs in talks to buy B&B Hotels from PAI Partners - 4 hours 50 min ago
Reuters - Goldman Sachs in talks to buy B&B Hotels from PAI Partners - 5 hours 35 min ago



Sprint and T-Mobile merger may be back on track after FCC hints it will bless the deal
CNN - 40 min 4 sec ago
Sprint and T-Mobile have been trying to get married for years. They just got a step closer.
RELATED:
Reuters - Chairman of U.S. telecoms regulator backs T-Mobile, Sprint merger - 52 min 9 sec ago
New York Times - F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger - 1 hour 11 min ago
COMMENTARY:
Zero Hedge - Sprint, T-Mobile Jump As FCC Signals Merger Approval - 1 hour 44 min ago



El-Erian: Don't underestimate the possibility of a 'Reagan moment' for Trump on China
CNBC - 49 min 44 sec ago
President Trump stands a chance of creating a new economic world order in his China trade fight, says the chief economic advisor of Allianz.
RELATED:
SCMP - Unmoved by trade war escalations, China’s commercial real estate market outperforms competitors - 8 hours 50 min ago
New York Times - In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China - 13 hours 45 min ago
COMMENTARY:
The Japan Times - U.S. sends warship near South China Sea flash point as Beijing and Washington spar over trade - 8 hours 50 min ago
VIDEO:
CNBC Video - Here's how Trump's threats toward Iran and China could impact the economy - 2 hours 31 min ago



Ford is cutting 7,000 white-collar jobs, about 10% of its salaries workforce
Indiatimes - 50 min 36 sec ago
The company said that the plan will save about $600 million per year by eliminating bureaucracy and increasing the number of workers reporting to each manager.
RELATED:
BBC - Ford announces 7,000 job cuts - 1 hour 2 min ago
Fox Business - Ford is cutting 7,000 white-collar jobs - 1 hour 15 min ago
CNBC - Ford to cut 7,000 jobs by August, including 900 this week - 1 hour 30 min ago
COMMENTARY:
Zero Hedge - Ford CEO Cuts 7,000 Workers As Global Salaried Workforce Decimated - 1 hour 20 min ago



Google Restricts Huawei’s Access to Android After Trump Order
New York Times - 1 hour 6 min ago
The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.
RELATED:
Indiatimes - Huawei to support its devices after Google Android bar - 1 hour 50 min ago
Reuters - Huawei to support its devices after Google Android bar - 2 hours 32 min ago
New York Times - Google Restricts Huawei’s Access to Android After Trump Order - 2 hours 41 min ago
CNN - Google dumps Huawei; Markets stutter; Powell speech - 4 hours 48 min ago
SCMP - Huawei set for immediate test of Google ban on demand for new Honor smartphone - 7 hours 34 min ago
CNBC - Google may have just hit the 'kill switch' on Huawei's global smartphone ambitions - 9 hours 5 min ago
BBC - Google 'restricts Huawei's use of Android' - 17 hours 10 min ago
COMMENTARY:
LA Times - Huawei without Google: Does the Chinese telecom giant have a backup plan? - 40 min 44 sec ago
TechCrunch - Google’s own data proves two-factor is the best defense against most account hacks - 1 hour 20 min ago
The Guardian - Google’s Huawei ban is good news: tech giants shouldn’t always get their way | Simon Jenkins - 4 hours 29 min ago
MarketWatch - Google, Xilinx begin to comply with Trump ban on China’s Huawei - 4 hours 33 min ago
The Japan Times - Google halts some tech biz with Huawei after Trump blacklist: source - 18 hours 50 min ago
BusinessInsider - Google suspended some business with Huawei after Trump blacklisted the company - 18 hours 58 min ago
VIDEO:
CNBC Video - Google pulls Huawei's Android license as China state media ratchets up anti-US rehetoric - 4 hours 2 min ago



Ford Motor Co cutting about 10% of global salaried workforce
Reuters - 1 hour 12 min ago
Ford Motor Co said on Monday it will eliminate about 10% percent of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.
RELATED:
Deutsche Welle - Ford cuts 7,000 white collar jobs worldwide - 1 hour 15 min ago
VIDEO:
CNBC Video - Ford announces job cuts as part of its workforce redesign - 1 hour 14 min ago



Tech stocks drag Wall Street lower at open
Reuters - 1 hour 12 min ago
The Nasdaq Composite index fell more than 1% at the open on Monday, weighed down by fears about the impact on major technology companies from the United States' crackdown on China's Huawei Technologies.
RELATED:
SCMP - Wall Street gripped by fear that Donald Trump’s China tariff escalation will disrupt Apple’s tech supply chain - 13 hours 20 min ago
COMMENTARY:
Zero Hedge - Wall Street's Most Bearish Analyst Asks "What Did I Miss" - 18 hours 30 min ago



Lyft dips after lawsuit claims the company misled investors in its IPO prospectus
CNBC - 1 hour 16 min ago
The suit claims Lyft failed to disclose issues it knew about concerning its bike-sharing program and labor.
RELATED:
SCMP - China’s former securities regulator Liu Shiyu is probed over family members’ insider trading and favouring hometown IPOs, sources say - 5 hours 20 min ago
COMMENTARY:
TechCrunch - Clinc raises $52m Series B as it marches towards IPO - 2 hours 44 min ago
MarketWatch - Outside the Box: IPOs are particularly risky right now - 5 hours 13 min ago
The Japan Times - Japan startup making paper from stone seeks more pre-IPO funding - 6 hours 50 min ago



Here's what to do if the US-China trade war ignites layoffs
CNBC - 1 hour 42 min ago
The trade war with China and rising pressure on manufacturers and retailers is bringing a new worry : layoffs. Here's how to manage if you lose your job.
RELATED:
CNN - The Game of Thrones finale didn't air in China. Some fans are blaming the trade war - 5 hours 3 min ago
SCMP - Hong Kong stocks fall to lowest level since January as trade war weighs down risk appetite - 5 hours 22 min ago
CNBC - Investors who see small caps as a trade war safe haven will likely get burned, BofA warns - 17 hours 50 min ago
COMMENTARY:
Zero Hedge - Key Events This Week: Trade War, EU Elections, Durables, PMIs And Fed Minutes - 1 hour 36 min ago
The Japan Times - Japanese manufacturers brace for fallout — and losses — from U.S.-China trade war - 6 hours 50 min ago
MarketWatch - The New York Post: Trump will win trade war, Stephen Moore predicts - 15 hours 48 min ago
VIDEO:
CNBC Video - Trade war is a clash of two ideologies, Erste Group CEO says - 6 hours 47 min ago



Exposure to Emerging Markets & Munis Just Got Cheaper
Fox Business - 1 hour 50 min ago
This article was originally published on ETFTrends.com.
RELATED:
Fox Business - Goldman Sachs Dials Back Its Exposure to Emerging Markets - 1 hour 50 min ago



Facebook VP: Asking myself this simple question on Monday makes me more productive all week long
CNBC - 1 hour 50 min ago
Julie Zhuo says this little habit has made her more efficient and a better manager.
RELATED:
CNN - Why Facebook is teaching a bug-like robot to walk - 4 hours 15 min ago
Indiatimes - Facebook, Google against making public mail exchanges with Election Commission - 12 hours 50 min ago
COMMENTARY:
The Japan Times - Time to treat Facebook like big tobacco - 3 hours 50 min ago
TechCrunch - Facebook’s latest account purge exposes Africa’s misinformation problem - 7 hours 19 min ago
Zero Hedge - Facebook Registers New Fintech Firm In Switzerland - 7 hours 20 min ago
BusinessInsider - Target's Vineyard Vines collection is being sold for double the original price on Ebay and Facebook after some customers expressed outrage at how quickly stock ran out - 21 hours 39 min ago



Tariffs on all Chinese goods could cut corporate profits by 6%, Goldman forecasts
CNBC - 2 hours 20 min ago
Should President Trump put tariffs on all Chinese imports, it could have a significant impact on the bottom line for U.S. companies.
RELATED:
Reuters - Trump says tariffs making companies leave China, a deal can't be '50-50' - 11 hours 35 min ago
CNBC - Trump says tariffs causing companies to move out of China - 13 hours 2 min ago
COMMENTARY:
Zero Hedge - "S&P 3,000 By Q3": Why Investors Shrugged Off The May 5 Tariff Announcement - 16 hours 50 min ago
VIDEO:
CNBC Video - Here's how tariff hikes between the US and China might affect US retail - 2 hours 30 min ago



China in 'no rush' to restart trade talks
CNBC - 2 hours 45 min ago
Beijing is in "no rush" to resume trade talks between the U.S. and China.
RELATED:
Reuters - USTR Lighthizer to meet Motegi for trade talks in Japan on May 24: sources - 13 hours 37 min ago
COMMENTARY:
The Japan Times - U.S. and China recalibrating in their trade talks - 3 hours 50 min ago
VIDEO:
CNBC Video - US-China trade talks stall as Google cuts ties with Huawei - 2 hours 2 min ago



Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes
Reuters - 2 hours 49 min ago
Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.
RELATED:
Indiatimes - Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes - 8 hours 20 min ago
Reuters - Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes - 9 hours 1 min ago
CNN - Deutsche Bank employees reported suspicious activity from Trump and Kushner, New York Times reports - 17 hours 39 min ago
New York Times - Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts - 22 hours 49 min ago
COMMENTARY:
The Japan Times - Deutsche Bank anti-money laundering staff flagged Trump and Kushner transactions for watchdog: report - 4 hours 50 min ago
The Guardian - Deutsche Bank staff saw suspicious Trump and Kushner activity – report - 19 hours 50 min ago



Even a drop of pollution in Ganga is matter of concern: NGT
Indiatimes - 2 hours 50 min ago
The tribunal also asked the concerned states to take the matter seriously and assist the bench with precise information either through senior officers or through counsel.
RELATED:
CNN - New York Times: New EPA technique could limit estimated deaths counted from air pollution - 2 hours 59 min ago
New York Times - Mediator: Social Media Pollution, a Huge Problem in the Last Election, Could Be Worse in 2020 - 15 hours 1 min ago



The trade war could be losing its power to frighten this battle-tested stock market
CNBC - 2 hours 57 min ago
The S&P 500 is only about 3% from its recent record high despite a tariff panic sell-off, negative investor sentiment and stock outflows.
RELATED:
Reuters - Stock markets slide as worries about Huawei fallout mount - 3 hours 30 min ago
COMMENTARY:
MarketWatch - A downside setup is developing in the U.S. stock market - 34 min 57 sec ago



Trump rejects New York Times report on Deutsche Bank transactions
Reuters - 3 hours 15 min ago
U.S. President Donald Trump on Monday rejected a New York Times report that raised questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner.
RELATED:
CNBC - Deutsche Bank denies a report it prevented Trump transactions being flagged - 3 hours 57 min ago
Reuters - Deutsche Bank shares hit record low ahead of AGM - 4 hours 28 min ago
COMMENTARY:
24/7 Wall St. - Top Analyst Upgrades and Downgrades: Alibaba, Baidu, Bristol-Myers, Cimarex, Deere, Deutsche Bank, Micron, NeoPhotonics, Target, United Continental and More - 2 hours 5 min ago
Zero Hedge - "WRONG!" - Trump Slams NYT Over Latest Deutsche Bank Story - 2 hours 56 min ago
Vox - Deutsche Bank employees say leaders dismissed concerns about suspicious Trump transactions - 17 hours 14 min ago



Exit polls indicate Congress issues of corruption, welfare may not have clicked
Indiatimes - 3 hours 20 min ago
The prediction for UPA numbers also suggest that Congress is not likely to do very well in the polls.
RELATED:
Euronews - Corruption probe a blow for far-right parties ahead of EU elections - 6 hours 9 min ago
SCMP - Liu Shiyu, China’s former top securities regulator, turns himself in as part of corruption investigation - 21 hours 45 min ago



US breaks all-time record for dividends as investor payouts surge
CNBC - 5 hours 45 min ago
Global dividends reached a first-quarter record of $263.3 billion, rising 7.8% despite concerns about the world economy, according to new reach Monday.
RELATED:
SCMP - Will the escalating US-China trade war and its catastrophic aftermath push the global economy into its next recession? - 10 hours 50 min ago
Indiatimes - US to roll out economic part of Mideast peace plan - 18 hours 20 min ago



Amazon Faces Investor Pressure Over Facial Recognition
New York Times - 5 hours 50 min ago
Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.
RELATED:
Fox Business - Amazon's Fire TV Is Widening Its Lead Over Roku - 20 hours 49 min ago
COMMENTARY:
Morningstar - Is Online Travel Amazon's Next Stop? - 2 hours 50 min ago
The Guardian - Unions lobby investors to press Amazon over UK working conditions - 9 hours 49 min ago



OECD: Rebuilding trust in institutions is 'world's greatest challenge'
Euronews - 6 hours 14 min ago
Rebuilding people's trust in institutions is the world's greatest challenge, Angel Gurria, head of the Organisation for Economic Cooperation and Development (OECD), told Euronews' Jannat Jalil.
RELATED:
CNBC - US-China trade uncertainty is 'the enemy of growth', OECD warns as it slashes forecasts - 7 hours 41 min ago
VIDEO:
CNBC Video - Investment is the seed of growth – and it's being stifled, OECD secretary general says - 6 hours 1 min ago



Former JPMorgan banker charged with bribery relating to Kerry Logistics’ IPO appears in court
SCMP - 8 hours 13 min ago
A former managing director of JPMorgan Securities (Asia Pacific), charged with bribery for allegedly hiring the son of a former chairman of Kerry Logistics Network as a favour to help win work on the company’s IPO, appeared in the Eastern Magistrates’ courts on Monday.Hong Kong’s anti-graft bo ...
RELATED:
CNBC - Political risks may be supporting oil prices, but that's likely just short term, JP Morgan says - 9 hours 36 min ago



Japan's economy expanded for 2nd straight quarter
Indiatimes - 10 hours 20 min ago
The Cabinet Office said seasonally adjusted real gross domestic product, the total value of a nation's goods and services, grew 0.5% in the January-March period from the previous quarter.
RELATED:
BBC - Japan economy beats expectations of slowdown - 10 hours 22 min ago
Fox Business - Japan's economy expanded for 2nd straight quarter - 13 hours 59 min ago
COMMENTARY:
The Japan Times - Japan stocks rise moderately, but topside capped - 6 hours 50 min ago



Asian shares steady after slump, oil jumps on Saudi comments
Reuters - 10 hours 53 min ago
Asian shares steadied on Monday as investors caught their breath following another week of escalating U.S.-China trade tensions, with sentiment turning brighter after the United States said it would lift tariffs in North America.
RELATED:
Reuters - Asian shares steady after steep losses; Saudi comments lift oil - 13 hours 33 min ago
VIDEO:
CNBC Video - Saudi energy minister: Everybody is vulnerable to acts of sabotage - 6 hours 36 min ago



Air New Zealand picks Boeing for wide-body jet order: sources
Reuters - 12 hours 57 min ago
Boeing Co has won a hard-fought contest to sell wide-body aircraft to Air New Zealand Ltd, beating a challenge from Europe’s Airbus, industry sources said on Monday.
RELATED:
Fox Business - Some grounded Boeing 737 Max jets stored in San Antonio - 21 hours 11 min ago
VIDEO:
CNBC Video - RyanAir CEO Michael O'Leary on the Boeing 737 Max, oil prices and more - 2 hours 31 min ago



Buttigieg likens Trump's tweets to 'grotesque things'
Indiatimes - 13 hours 50 min ago
CLAREMONT, N.H. (AP) — Democratic presidential candidate Pete Buttigieg jabbed at President Donald Trump during a Fox News town hall Sunday, saying he understands why people and the media are "mesmerized" by his tweets because "it is the nature of grotesque things that you can't look away.
RELATED:
CNN - Trump tweets threat at Iran: 'Never threaten the United States again!' - 16 hours 59 min ago
COMMENTARY:
The Japan Times - In Fox town hall, U.S. Democratic presidential candidate Pete Buttigieg likens Trump’s tweets to ‘grotesque things’ - 7 hours 50 min ago
VIDEO:
CNBC Video - Hirsch: It appears the markets have become a little callous to President Trump's tweets - 3 hours 49 min ago



OPEC has two main options for June meeting, both foresee output rise: sources
Reuters - 22 hours 12 min ago
Saudi Arabia and Russia are discussing two main scenarios for a meeting of OPEC and its oil-producer allies in June and both frameworks propose increased crude output from the second half of 2019, two sources familiar with the matter said. 
RELATED:
Reuters - OPEC+ will not recommend a course of action on output policy in Jeddah meeting: source - 22 hours 12 min ago
COMMENTARY:
MarketWatch - Futures Movers: Oil prices rise on signs OPEC may extend output cuts - 5 hours 26 min ago
VIDEO:
CNBC Video - Oil partners seem to stay on board with OPEC deal: Energy correspondent - 9 hours 20 min ago



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