Business News - The Last 24 Hours

Greece emerges from eurozone bailout programme
BBC - 31 min 13 sec ago
The past three years saw Athens receive €61.9bn to deal with the fallout from its debt crisis.

Former Trump lawyer Michael Cohen reportedly investigated for bank fraud exceeding $20 million
CNBC - 47 min 24 sec ago
Investigators are looking at more than $20 million in loans to a taxi company Michael Cohen owns with his family, The New York Times said. The value of the scrutinized loans to President Donald Trump's former lawyer had not been previously reported.

COMMENTARY:

BusinessInsider - Michael Cohen is reportedly being investigated for over $20 million in bank fraud - 38 min 2 sec ago

Zero Hedge - Michael Cohen Under Federal Investigation For Bank Fraud Totaling "Well Over $20 Million" - 2 hours 6 min ago

Fox Business - Russian space executive, 2 others charged with fraud - 13 hours 31 min ago

Asia shares inch up, cautious on Sino-U.S. trade talks
Reuters - 49 min 5 sec ago
Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks, while keeping a wary eye on the Chinese yuan and Turkish lira for any new signs of strain.

Asia markets poised for higher open on Monday following positive news on US-China trade
CNBC - 1 hour 22 min ago
Asia markets are poised for a moderately positive open on the first trading day of the week following the Dow's rise last week amid news that leaders of the U.S. and China are planning to meet for trade talks.

RELATED:

New York Times - The Week Ahead: China Trade Talks Resume, and the Fed Chairman Will Speak - 6 hours 6 min ago

COMMENTARY:

SCMP - China and Asia’s middle class to power region’s rise as the world’s top advertising market - 20 hours 12 min ago

Twitter CEO Dorsey says platform is 'ready to question everything' amid banning controversies
CNBC - 3 hours 42 min ago
The leader of the social media giant said in an interview that the company is "ready to question everything" in its efforts to create a healthier platform.

COMMENTARY:

Zero Hedge - Twitter 'Endorses' NYT's Sarah Jeong "Being Cruel To Old White Men" - 1 hour 9 min ago

MarketWatch - Dorsey says Twitter isn’t the arbiter of truth, doesn’t ban users for their views - 2 hours 2 min ago

Washington Post - Twitter CEO Jack Dorsey admits ‘left-leaning’ bias but says it doesn’t influence company policy - 4 hours 36 min ago

TechCrunch - Jack Dorsey admits Twitter hasn’t ‘figured out’ approach to fake news - 5 hours 56 min ago

BusinessInsider - It looks like Elon Musk and Grimes stopped following each other on Instagram and Twitter (TSLA, FB, TWTR) - 6 hours 35 min ago

VIDEO:

CNN Video - Twitter CEO explains 'time-out' for Alex Jones - 6 hours 27 min ago

Exclusive: Saudi PIF in talks to invest in aspiring Tesla rival Lucid - sources
Reuters - 5 hours 26 min ago
PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund an offer to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday.

COMMENTARY:

BusinessInsider - Elon Musk used to fly 'a Russian fighter jet' while founding SpaceX and Tesla and raising his kids - 11 hours 48 min ago

24/7 Wall St. - Tesla Is Still Worth More Than GM - 13 hours 29 min ago

China's Xi says military must resist 'corrosion' of corruption
Indiatimes - 6 hours 44 min ago
China's military has been an important focus of Xi's campaign against corruption since he took power six years ago.

PSBs’ earnings will reflect impact of reforms in next two quarters: Financial Services Secretary
Indiatimes - 6 hours 44 min ago
We have reinstated confidence in public sector banks by recapitalisation and comprehensive reforms, Financial services secretary Rajiv Kumar

COMMENTARY:

Fox Business - Lowe's Earnings: What to Watch - 8 hours 11 min ago

24/7 Wall St. - Alibaba, HP, Target and More Earnings Coming This Week - 10 hours 48 min ago

Iran says no OPEC member can take over its share of oil exports
Indiatimes - 6 hours 44 min ago
Trump has called on OPEC to pump more oil to bring down prices.

Britain's May could face trouble over Brexit deal, Conservative lawmaker warns
Indiatimes - 6 hours 44 min ago
Prime Minister Theresa May could face trouble getting her Brexit deal approved by the British parliament before exit day unless she changes her proposals.

RELATED:

BBC - Standard Chartered chief warning over Brexit staff moves - 13 hours 38 min ago

Euronews - Supporters of second Brexit vote rally in Scotland - 14 hours 3 min ago

COMMENTARY:

The Guardian - British manufacturing output slips to ninth globally behind France - 2 hours 12 min ago

The Japan Times - British fashion brand founder gives £1 million to anti-Brexit campaign - 11 hours 13 min ago

Fox Business - Superdry founder gives $1.28 million to anti-Brexit campaign - 14 hours 34 min ago

BusinessInsider - The cofounder of fashion brand Superdry is donating £1 million to fund a second Brexit referendum - 14 hours 49 min ago

View: Why India must think beyond traditional determinants of growth
Indiatimes - 6 hours 44 min ago
In analysing growth, economists tend to overlook impact of social, political, cultural and environmental factors.

RELATED:

Indiatimes - India's current account deficit to widen to 2.5% of GDP in FY19: Moody's, experts - 14 hours 44 min ago

EU, 11 others back US complaint against India's export subsidies at WTO
Indiatimes - 6 hours 44 min ago
US has challenged almost all of India’s export programmes at the WTO saying they will harm its workers

South Korean swaps bitcoins for 2 mln euros in fake notes
Indiatimes - 10 hours 14 min ago
The seller, a South Korean businessman with a company specialised in the crypto-currency in Singapore, accepted the proposition nevertheless and met the Serbian buyer in July.

This source of tax-free cash can sweeten or ruin your retirement
CNBC - 10 hours 14 min ago
Tax haven or tax bomb? Permanent life insurance allows you to save money on a tax-deferred basis and borrow without any taxes. Just make sure you don't mess it up.

COMMENTARY:

Fox Business - 7 Costly Tax Mistakes to Avoid - 3 hours 11 min ago

US says conserving oil is no longer an economic imperative
Indiatimes - 11 hours 14 min ago
It also cites the now decade-old fracking revolution that has unlocked US shale oil reserves, giving "the United States more flexibility than in the past to use our oil resources with less concern."

COMMENTARY:

Zero Hedge - What Truckers & Railroads Just Said About The US Economy - 6 hours 59 min ago

BusinessInsider - Reversing decades of US policy, the Trump administration says conserving oil is no longer an economic imperative (OIL) - 7 hours 44 min ago

Fox Business - US says conserving oil is no longer an economic imperative - 13 hours 55 min ago

VW's CEO was reportedly told about emissions software months before scandal
CNBC - 15 hours 29 min ago
Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.

COMMENTARY:

The Japan Times - Riedel CEO’s return to Japan flavored with innovation - 2 hours 13 min ago

24/7 Wall St. - VW’s New CEO: What He Knew about Emissions Scandal and When He Knew It - 13 hours 30 min ago

Greece exits bailout: Is the Greek economy strong enough?
Deutsche Welle - 15 hours 51 min ago
Greece will exit its stability program on Monday. How has the Greek economy developed since austerity was imposed in 2010? And is Greece prepared to meet the budgetary targets? A data analysis provides answers.

Iran says no OPEC member can take over its share of oil exports
Reuters - 16 hours 48 min ago
Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.

Ravi Kumar and Apurvi Chandela win mixed air rifle shooting bronze, open Asiad account
Indiatimes - 17 hours 44 min ago
The duo of Kumar and Chandela finished third on the podium with a score of 429.9.

COMMENTARY:

LA Times - Lyft driver shot in the head in apparent road rage shooting, police say - 54 min 24 sec ago

Bitter pills: Recep Tayyip Erdogan's possible remedies for Turkey crisis
Indiatimes - 19 hours 14 min ago
The lira has recently clawed back some of its losses, but economists say Turkey still urgently needs to address imbalances in its economy and avert a full-blown crisis.

COMMENTARY:

SCMP - Turkey’s crisis shows a deeper disease – and Asia is infected too - 44 min 24 sec ago

Zero Hedge - Erdogan's Boycott Fails To Hurt iPhone Sales In Turkey: Report - 6 hours 29 min ago