Business

TPG Telecom, Vodafone Hutchison Australia merge to battle Singtel's Optus, Telstra

TPG Telecom, Vodafone Hutchison Australia merge to battle Singtel's Optus, Telstra

Berroeta said: "The Australian telecommunications market is characterised by the presence of Telstra and Optus". Follow Business Insider Australia on Facebook , Twitter , LinkedIn , and Instagra...

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Oil Sector Slows GDP to 1.50 Percent in Q2

Oil Sector Slows GDP to 1.50 Percent in Q2

As a sector it contributed 8.55% to total real GDP in Q2 2018, down from 9.61% in the preceding quarter of Q1, 2018. The contraction in the oil and gas sector stood at about -3.95 per cent, compared...

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99.40% of demonetised notes returned: RBI

99.40% of demonetised notes returned: RBI

How much money is back? On November 8, 2016, when the demonetisation process kicked-in, currency notes of denominations of Rs 1,000 and Rs 500 (SBNs), valued at Rs 15.4 lakh crore and constituting...

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Elon Musk is back to insinuating Thai cave diver is a

Elon Musk is back to insinuating Thai cave diver is a "pedo"

The multi-billionaire hasn't been shy about his awareness of the blockchain sector, either - in Janurary, Musk joked that the Boring Company flamethrowers would have "the safe word "cryptocurrency" ...

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4 takeaways from the U.S.-Mexico trade deal

4 takeaways from the U.S.-Mexico trade deal

Details of the U.S. -Mexico agreement were expected to be unveiled later Monday. The Trump administration said the deal improves labour provisions, in part by requiring 40-45 per cent of cars to...

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Trump says he's ditching NAFTA but that's not what's happening

Trump says he's ditching NAFTA but that's not what's happening

In announcing the tentative accord Monday at the White House, Trump said a new pact would be called "the United States-Mexico Trade Agreement". This email will be delivered to your inbox once a ...

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U.S., Mexico reach tentative trade deal that could replace NAFTA

U.S., Mexico reach tentative trade deal that could replace NAFTA

It's also a win for Mexico. Members of an OPEC and non-OPEC monitoring committee found producers cut their July output by 9 percent more than called for in their output reduction pact, two sources f...

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Toyota, Uber to develop driverless vehicles

Toyota, Uber to develop driverless vehicles

Uber has previously tested its self-driving cars in Arizona and California. Uber is teaming up with Toyota to build self-driving cars for its ride-hailing service after its efforts to do it alone we...

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Warren Buffett Prepares To Sign Into Vijay Shekhar Sharma’s Paytm

Warren Buffett Prepares To Sign Into Vijay Shekhar Sharma’s Paytm

But a deal, including the size of the investment , has not been finalised yet. They realize that technology companies go through a cycle of losses before they start generating cash. But this has not ...

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Trump financial chief 'given immunity'

Trump financial chief 'given immunity'

Media outlets are reporting that federal prosecutors have granted immunity to the executive in charge of the National Enquirer amid an investigation into hush-money payments made on behalf of Presid...

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China's top ride-hailing firm suspends carpool service after woman is killed

China's top ride-hailing firm suspends carpool service after woman is killed

Zhao got into the auto at around 1 pm on Friday. The 27-year-old driver had no prior criminal record but that a complaint was made against the driver on Thursday by a passenger who alleged the drive...

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Lawyer Lanny Davis backs off claims about information Michael Cohen has

Lawyer Lanny Davis backs off claims about information Michael Cohen has

Bush's ethics lawyer suggested, "really quite ugly". Manafort, Trump's former campaign chairman, was found guilty on eight counts, including filing false tax returns and two bank fraud charges that ...

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Aramco IPO: A done deal, or a pipe dream?

Even if the IPO is eventually revived, the Aramco-Sabic deal will allow the kingdom to achieve some of the original aims Crown Prince Mohammed bin Salman set for the jumbo share sale. In addition to A...

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Mexico's president-elect thanks Trump for not insulting Mexicans

Mexico's president-elect thanks Trump for not insulting Mexicans

Trump has threatened to withdraw from the 24-year-old trade pact between the United States, Mexico and Canada if it is not reworked to the advantage of USA workers. Negotiators from both the US and Me...

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Alipay Moves Away From Cryptocurrency As China's Clampdown Increases

Alipay Moves Away From Cryptocurrency As China's Clampdown Increases

Alipay has always adhered to the principle of not providing services to virtual currency transactions. China: Report has it that an Alibaba's payment affiliate , Ant Financial , is teaming up...

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Commonwealth Bank's blockchain bond receives support from seven investors

Commonwealth Bank's blockchain bond receives support from seven investors

The World Bank has announced that the Commonwealth Bank of Australia ( CBA )-backed blockchain bond has raised more than $80 million. "Since announcing the mandate, the interest we've receiv...

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S&P 500, Nasdaq end at records after Fed speech

S&P 500, Nasdaq end at records after Fed speech

Powell, speaking at the annual Jackson Hole monetary conference, also said declining economic mobility, an unsustainable federal deficit and low productivity are long-term structural challenges. "...

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How is Michael Cohen's 'Truth Fund' faring?

President Donald Trump's personal attorney was an unexpected casualty of the Friday news that Trump Organization CFO Allen Weisselberg was getting immunity in exchange for information related to...

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Elon Musk drops plan to take Tesla private after bombshell tweet

Elon Musk drops plan to take Tesla private after bombshell tweet

Tesla's board agrees with Musk's decision. He said it would avoid the short-term pressures of reporting quarterly results. Musk also said previously that Saudi Arabia's PIF, which bought a stake i...

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Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe

Prosecutors grant Trump Organization CFO Allen Weisselberg immunity in Cohen probe

And now everyone from Michael Cohen to Omarosa to Sacha Baron Cohen is releasing audio and video tapes exposing Trump as a liar. Trump testified in a case years ago that Weisselberg was the one who ...

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Kalashnikov unveils new electric auto to rival Tesla

Kalashnikov unveils new electric auto to rival Tesla

The only thing that we're interested in now is 'how much does this auto actually weighs?' By comparison, the 422-hp (310 kW), 660-Nm (487 lb-ft) Model S 90D needs 4,4 seconds to move its 2,220-kg (4,8...

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USA oil extends gains after crude inventories decline

USA oil extends gains after crude inventories decline

USA oil prices went up 3.07 percent on Wednesday as a result of higher-than-expected decrease of crude oil stocks in last week and weaker US dollar against main currencies. But while the outlook for o...

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Team Trump trots out three last-ditch defenses against Cohen's charges

Team Trump trots out three last-ditch defenses against Cohen's charges

Cohen found ways to profit from the arrangement, making millions from corporations by selling access to Trump, but felt adrift and isolated from Trump, according to two people familiar with his thinki...

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Trump says ‘everybody would be very poor’ if he’s impeached

Trump says ‘everybody would be very poor’ if he’s impeached

But an unchastened Trump appears intent on riding out the storm as Washington grapples with the latest upheaval in his tumultuous presidency. The growing list includes Pecker, former White House sta...

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Trump Defends Manafort, Says Flipping ‘Almost Ought to Be Outlawed’

One was the conviction of Paul Manafort , the president's former campaign chairman, on eight counts of fraud, after a 12-day trial brought by special counsel Robert Mueller's Russian Federation inves...

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Stocks mixed even as S&P 500 index marks longest bull run

Stocks mixed even as S&P 500 index marks longest bull run

Cramer said the 2011 S&P downgrade of USA government debt from AAA to AA+ was been one of the darkest moments in the bull market . The S&P 500 materials sector.SPLRCM jumped 1.2 percent , the bigges...

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Fed chairman defends steady interest rate hikes

Mazen Issa, senior FX strategist at TD Securities in NY, said Powell's remarks built on a stance seen in the minutes of the Fed's latest policy meeting released on Wednesday. Speaking at a research ...

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Mexican trade official says NAFTA deal with USA may be hours away

Mexican trade official says NAFTA deal with USA may be hours away

According to Reuters , Mexican Economy Minister Ildefonso Guajardo addressed reporters before holding high-level negotiations with his American counterparts, saying " We hope that we'll have a soluti...

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Turkey crisis could end 'instantly' if pastor freed - Bolton

Turkey crisis could end 'instantly' if pastor freed - Bolton

Very passionately, the US President Trump has been abiding by his perceptions and opinions. Howard Beasey, president and CEO of the American Turkish Council, said a $300 million merger and acquisi...

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US Dollar Index challenges 95.00 on Powell’s speech

US Dollar Index challenges 95.00 on Powell’s speech

In the next few days, United States dollars is likely to be influenced by both the minutes of the latest meeting of the USA policy-setting Federal Open Market Committee , due later Wednesday, and by ...

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