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Apple dropped plan for encrypting backups after FBI complained - sources

Apple dropped plan for encrypting backups after FBI complained - sources

Apple dropped plans to let iPhone users fully encrypt backups of their devices in the company's iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters. Yahaira Jacquez has more.
Reuters Business
UBS misses targets, dials back ambitions

UBS misses targets, dials back ambitions

UBS Group saw its shares tumble over 5% after revealing it missed profit and cost targets for 2019, as wealthy clients pulled money in the fourth quarter.
Reuters Business
A 'trillion trees' is not enough: Thunberg vs Trump

A 'trillion trees' is not enough: Thunberg vs Trump

Thousands of miles away from his impeachment trial in Washington, President Trump was in Davos where he pledged to plant join an initiative to plant trillion trees. Teen climate activist Greta Thunberg delivered her retort.
Reuters Business
Thunberg: Pretty much nothing has been done to reduce CO2 emissions

Thunberg: Pretty much nothing has been done to reduce CO2 emissions

Greta Thunberg, who has inspired a new generation of activists to attend the World Economic Forum (WEF) in Davos this year, urged world leaders on Tuesday to listen to young people.
Reuters Business
China virus fear slams European shares

China virus fear slams European shares

European shares were on pace for their sharpest decline in three weeks on Tuesday, as mounting concerns over a new coronavirus outbreak originating in China sparked a rush to safe-haven bets.
Reuters Business
"Not Surprising", Says Kiran Shaw On IMF Prediction Of India Slowdown

"Not Surprising", Says Kiran Shaw On IMF Prediction Of India Slowdown

Biocon chief Kiran Shaw today said the International Monetary Fund's markdown of India's growth story is not surprising and the government needs to focus on investment and exports to put the flagging economy back on track.
NDTV
Ebix Inc CEO Robin Raina On Expectations From Budget 2020

Ebix Inc CEO Robin Raina On Expectations From Budget 2020

Robin Raina, CEO of Ebix Inc, believes taxes must be rationalised further in Budget 2020. He also shares his views on the e-commerce sector.
NDTV
Boeing seeks $10 bln amid 737 MAX crisis: source

Boeing seeks $10 bln amid 737 MAX crisis: source

The world's largest commercial aircraft manufacturer is seeking to borrow $10 billion or more as it awaits approval for its 737 MAX planes to fly again.
Reuters Business
At Davos, Scientists Join Forces On Climate Change

At Davos, Scientists Join Forces On Climate Change

At Davos, Scientists Join Forces On Climate Change
NDTV
Record-breaking run ends as Infotech drags on the market: ASX closed 0.2% lower

Record-breaking run ends as Infotech drags on the market: ASX closed 0.2% lower

21 Jan 2020 - The local bourse failed to move into positive territory closing 0.2% lower. Tech losses are led by Wisetech Global (ASX:WTC) and Technology One (ASX:TNE). HUB24 (ASX:HUB) shares are down despite posting record first half net inflows ...
Finance News Network
4mins
Orocobre (ASX:ORE) shares on the decline despite new deals: ASX tracking 0.4% lower at noon

Orocobre (ASX:ORE) shares on the decline despite new deals: ASX tracking 0.4% lower at noon

21 Jan 2020 - The ASX fell at the open and has failed to gather momentum throughout the morning so far is now tracking 0.4% lower at noon. Orocobre (ASX:ORE) shares are on the decline – this comes as they reported yesterday they have signed two ne...
Finance News Network
3mins
MACA (ASX:MLD) plans to stop operations in Brazil

MACA (ASX:MLD) plans to stop operations in Brazil

21 Jan 2020 - MACA (ASX:MLD) says it will stop operations in Brazil from this month.
Finance News Network
1min
Data# 3 (ASX:DTL) expects to hit top end of guidance

Data# 3 (ASX:DTL) expects to hit top end of guidance

21 Jan 2020 - Australian business technology solutions leader Data# 3 (ASX:DTL) expects to hit the top end of its guidance for net profit before tax of between $11 million to $12.5 million in the six months to December 31.
Finance News Network
1min
Splitit Payments (ASX:SPT) names CEO Brad Paterson as managing director

Splitit Payments (ASX:SPT) names CEO Brad Paterson as managing director

21 Jan 2020 - Monthly instalment payment company, Splitit Payments (ASX:SPT) reports that Chief Executive Officer, Brad Paterson has been appointed to the Board as Managing Director, along with Jan Koelble who has joined as an independent Non-Exec...
Finance News Network
1min
Pact Group Holdings (ASX:PGH) plan to divest its Contract Manufacturing division

Pact Group Holdings (ASX:PGH) plan to divest its Contract Manufacturing division

21 Jan 2020 - Pact Group Holdings (ASX:PGH) has started a sale process in respect of its Contract Manufacturing division.
Finance News Network
1min
MMA Offshore (ASX:MRM) appoints new non-executive director

MMA Offshore (ASX:MRM) appoints new non-executive director

21 Dec 2020 - MMA Offshore (ASX:MRM) has appointed Ian Macliver as a Non-Executive Director of the Company with effect from today.
Finance News Network
1min
BHP (ASX:BHP) coal output hit by poor air quality from bushfires

BHP (ASX:BHP) coal output hit by poor air quality from bushfires

21 Jan 2020 - BHP (ASX:BHP) released figures for their operational review for the year ending 31St December 2019 with showing energy coal production decreased by 12 per cent to 12 Million Tonnes.
Finance News Network
1min
Martin Luther King Day leaves markets muted: ASX poised to open flat

Martin Luther King Day leaves markets muted: ASX poised to open flat

21 Jan 2020 - A US holiday yesterday, Martin Luther King day, saw muted markets leaving the ASX poised to open flat. BHP (ASX:BHP) will release its half year operational review later this morning. Stay tuned for those results. On the commodities f...
Finance News Network
3mins
India Not Growing, Yet Inequality Is: Oxfam India CEO Amitabh Behar Tells NDTV

India Not Growing, Yet Inequality Is: Oxfam India CEO Amitabh Behar Tells NDTV

One of the biggest releases at the World Economic Forum in Davos, Switzerland, is the Global Inequality report, a reality check on the disproportionate spread of wealth around the world. The report is a stark contrast to what Davos used to be - a ...
NDTV
12mins
Climate crisis: a world economic failure? Davos awaits Greta

Climate crisis: a world economic failure? Davos awaits Greta

On the eve of the annual World Economic Forum in Davos, focus is on teenage activist Greta Thunberg as she prepares to challenge the global financial elite to fight climate change. Conway Gittens reports
Reuters Business
MSC and French shipyard seal cruise liner 'mega' deal

MSC and French shipyard seal cruise liner 'mega' deal

Shipping company MSC and France’s Saint Nazaire shipyard have signed a 2 billion euros ($2.2 billion) deal to build two cruise liners, in a contract forming part of this week’s “Choose France” drive.
Reuters Business
Weak Credit Growth In India, Says IMF Chief Economist Gita Gopinath

Weak Credit Growth In India, Says IMF Chief Economist Gita Gopinath

Weak Credit Growth In India, Says IMF Chief Economist Gita Gopinath
NDTV
10mins
South African Airways says flights 'normal' as funding woes continue

South African Airways says flights 'normal' as funding woes continue

South Africa's struggling state-owned airlines said on Monday that flights to all destinations are operating as normal, as government discussions continue to try and rescue the carrier.
Reuters Business
European shares dip as investors eye week ahead

European shares dip as investors eye week ahead

European shares retreated on Monday after striking a record closing high in the previous session, as investors paused before launching into a week packed with economic data and the European Central Bank's first policy meeting of the year.
Reuters Business
UK courts deeper trade ties with Africa ahead of Brexit

UK courts deeper trade ties with Africa ahead of Brexit

British Prime Minister Boris Johnson called for deeper trade ties with Africa on Monday, at a summit in the UK capital attended by the leaders of 21 African countries.
Reuters Business
China demands release of Huawei CFO Meng

China demands release of Huawei CFO Meng

China has repeated a call for Canada to release detained Huawei Technologies CFO Meng Wanzhou as soon as possible.
Reuters Business
New Hope (ASX:NHC) served with HCA special leave application: Aus shares close 0.2% higher

New Hope (ASX:NHC) served with HCA special leave application: Aus shares close 0.2% higher

20 Jan 2020 - It’s been an upbeat day of trade, with the ASX200 finishing 0.2 per cent higher despite a mid-session dip. This marks the 5th consecutive session of gains for the local bourse. The Materials sector led the gains, bolstered by strong ...
Finance News Network
4mins
New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon

New Energy Solar (ASX:NEW) considers expansion of asset sale: Aus shares 0.3% higher at noon

20 Jan 2020 - The Australian share market opened slightly lower this morning. It jumped in the first twenty minutes of trade, has been tracking sideways into the mid-session and is now tracking 0.3% higher. Shares in Nib Holdings (ASX:NHF) were hi...
Finance News Network
3mins
G Medical Innovations (ASX:GMV) secured Taiwan FDA approval

G Medical Innovations (ASX:GMV) secured Taiwan FDA approval

20 Jan 2020 - Medical product provider, G Medical Innovations (ASX:GMV) has secured regulatory approval from the Taiwan Food and Drug Administration for its Prizma device.
Finance News Network
1min
Nib (ASX: NHF) downgrades profit guidance

Nib (ASX: NHF) downgrades profit guidance

20 Jan 2020 - Nib Holdings (ASX:NHF) has downgraded its profit guidance for the 2020 financial year.
Finance News Network
1min
Kogan (ASX:KGN) achieves record sales

Kogan (ASX:KGN) achieves record sales

20 Jan 2020 - Diversified online retailer, Kogan.com (ASX:KGN) has recorded the highest half yearly gross sales and gross profit in the company’s history.
Finance News Network
1min
Resolute Mining (ASX:RSG) adds to $US gold hedge book

Resolute Mining (ASX:RSG) adds to $US gold hedge book

20 Jan 2020 - Resolute Mining (ASX:RSG) has forward sold an additional 37,200 ounces of gold at an average price of US$1,562 per ounce.
Finance News Network
1min
Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher

Lynas (ASX:LYC) defends High Court proceedings: Aus shares to open higher

20 Jan 2020 - The ASX is set to open higher following strong leads from Europe and US markets. US major indices inked fresh record highs on Friday fuelled by tech stocks, robust retail data and positive sentiment generated from the US-China phase ...
Finance News Network
4mins
Ex-White House adviser Cohn says tariffs didn't help reach trade deals

Ex-White House adviser Cohn says tariffs didn't help reach trade deals

Former White House chief economic adviser Gary Cohn on Sunday said Washington's tariffs impeded U.S. economic growth, working at cross-purposes with a tax cut meant to stimulate business investment.
Reuters Business
Davos 2020: Greta vs. Trump, businesses scored on climate action

Davos 2020: Greta vs. Trump, businesses scored on climate action

Climate change and environmental destruction top the risks highlighted by world decision-makers in a survey ahead of the 2020 gathering of the global elite in the Swiss ski resort of Davos. Conway Gittens reports
Reuters Business
Frost linked to climate change pressures Colombian farmers

Frost linked to climate change pressures Colombian farmers

Early frosts connected to climate change in Colombia's high-altitude Andean areas are laying waste to farm pastures and crops. Roger Fortuna has more.
Reuters Business
Week ahead on Wall Street: Davos, earnings

Week ahead on Wall Street: Davos, earnings

Investors next week will get their cues from headlines from the Davos economic summit and earnings from the likes of Netflix and Comcast.
Reuters Business
Wall Street hits new highs

Wall Street hits new highs

Wall Street climbed to record highs Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Reuters Business
Take profit on high flyers like Apple: wealth manager

Take profit on high flyers like Apple: wealth manager

It’s time investors book some profits on big cap tech stocks, says wealth manager Ken Kamen of Mercadien Asset Management. He suggests investors rotate the proceeds into equal-weighted index funds or financial and industrial stocks.
Reuters Business
Another snub for Amazon in India, despite Bezos jobs pledge

Another snub for Amazon in India, despite Bezos jobs pledge

India's trade minister remains unimpressed with Amazon's $1 billion investment, as Jeff Bezos continues his charm offensive tour visit to the country.
Reuters Business
U.S. to review Tesla vehicle acceleration complaints

U.S. to review Tesla vehicle acceleration complaints

The National Highway Traffic Safety Administration said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla vehicles over sudden unintended acceleration reports. Yahaira Jacquez has more.
Reuters Business
European shares at record high as cross-Atlantic trade tensions abate

European shares at record high as cross-Atlantic trade tensions abate

European shares touched a record high on Friday after EU Trade Commissioner Phil Hogan struck a positive tone on talks with Washington, soothing some concerns over a possible escalation in trade tensions between the cross-Atlantic allies.
Reuters Business
China posts weakest growth in 29 years as trade war bites

China posts weakest growth in 29 years as trade war bites

China's economic growth slowed to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States and sputtering investment, and more stimulus steps are expected this year to help avert a sharper slowdown.
Reuters Business
December Results Thus Far: No Relief In Sight For Auto Companies

December Results Thus Far: No Relief In Sight For Auto Companies

Even as the budget is under preparation, there is bleak news from the December quarter results that have come in thus far. Out of 29 companies to announce their results thus far, 22 are smallcap companies. Data from CMIE shows the income growth in...
NDTV
Macquarie downgrades Magellan (ASX:MFG): Aus shares 0.5% higher at noon

Macquarie downgrades Magellan (ASX:MFG): Aus shares 0.5% higher at noon

17 Jan 2020 - The Australian share market is tracking 0.5% higher at noon. Macquarie has downgraded Magellan Financial Group (ASX:MFG) from a neutral to an underperform, with a 12-month price target of $55.00.
Finance News Network
2mins
Nufarm (ASX:NUF) manages investor expectations ahead of results

Nufarm (ASX:NUF) manages investor expectations ahead of results

17 Jan 2020 - Australian agri chemical company, Nufarm (ASX:NUF) has given an update on market conditions experienced during its first half-year ending 31 January 2020, ahead of its results.
Finance News Network
1min
Bailador (ASX:BTI) to sell $10M holding in SiteMinder

Bailador (ASX:BTI) to sell $10M holding in SiteMinder

17 Jan 2020 - Tech and media investor, Bailador Technology Investments (ASX:BTI) has agreed to sell around $10 million of its current holding in hotel guest acquisition platform, SiteMinder.
Finance News Network
1min
PSC Insurance Group (ASX:PSI) increases initial payment price for Paragon acquisition

PSC Insurance Group (ASX:PSI) increases initial payment price for Paragon acquisition

17 Jan 2020 - Risk management and insurance broker, PSC Insurance Group (ASX:PSI) has provided an update on the performance of its acquisition target Paragon.
Finance News Network
1min