Business

by | July 21, 2019 | 00:35

JSE-listed Pioneer Foods' share price rose by almost 31% on Friday after the company announced the conclusion of an agreement with New York-headquartered PepsiCo , which plans to acquire all of the outstanding shares in Pioneer at R110 a share.

by | July 21, 2019 | 00:30

Barry said more details about the stores will be announced in the coming weeks, including an added online experience. Toys will be displayed out of the box to allow for testing before purchase and the space will feature an open play area.

by | July 20, 2019 | 00:47

What's more, the vehicle also has around 163-miles of WLTP range on a single charge, making it suitable for the vast majority of road users in the UK. One might also point out that British brand's electric model is still nearly twice the price of their combustion engine version, although, of course, EV customers spend less on both fuel/charging and maintenance.

by | July 19, 2019 | 02:16

This would depress the economy at a time of economic boom, ' he said. Congressional Democrats will also tout the policy victory in their re-election bids next year. "This is a historic day", Speaker of the House Nancy Pelosi said, according to the New York Times . The Congressional Budget Office said in a report earlier this month that an increase to $15 would provide a financial boost to almost 30 million workers and raise more than a million out of poverty, but it also would result in ...

by | July 18, 2019 | 00:45

Conditions have obviously slowed progress in housing construction. "If the Fed thinks rate cuts are going to send housing construction up like a rocket, they better think again". The PHLX housing index was lower, underperforming in a broadly weak US stock market. The greenback weakened in opposition to a basket of currencies, whereas U.S.

by | July 18, 2019 | 01:25

Delivering remarks to a Paris economic conference, Powell says that since the depths of the Great Recession in early 2009, growth and inflation in the United States and other countries are averaging a full percentage point lower than before.

by | July 17, 2019 | 01:13

In Australia, according to the vehicle order page, prices don't look much different (before on road costs): Standard Range - $66,000; Long Range AWD - $85,000; Performance model - $91,200. The carmaker predicted its production and deliveries to continue growing in the third quarter of the year. Shares of Tesla lost more than 2% in early trading Tuesday after it slashed prices for vehicles shipped to China, cut two vehicles from its USA lineup, and lowered the price of a third.

by | July 17, 2019 | 00:56

Some fans, for example, took to criticizing the functionality and design of the new steering wheel as soon as Chevrolet showed it off last week and implied it'd already soured them on the rest of the auto. The seven generations of this emblematic sports vehicle have all had one key aspect in common: a front-mounted engine spinning the rear wheels. Other than its odd shapes, the rest of the steering wheel is pretty typical with its large Corvette-badged horn button, silver posts, paddle ...

by | July 16, 2019 | 01:17

Net exports contributed to 20.7 per cent to output growth in the first half, down from 22.8 per cent in the first quarter. But analysts say question marks remain over whether the two sides can reach a deal to remove tariffs introduced over the past 12 months.

by | July 15, 2019 | 01:07

Trump has meanwhile unleashed a vicious attack on virtual currencies, slamming them for their alleged shadowy nature and arguing that Libra had no standing nor dependability - unlike the dollar. In his tweet , the president went ahead to say companies like Facebook have made a decision to position themselves as banks and will have to follow the same regulations as banks.

by | July 14, 2019 | 00:48

The outage has also wreaked havoc at Caltex service stations and Woolworths stores. "At this stage we haven't received any updates from our Merchant Servicing team confirming if there is an issue", a company spokesperson wrote on Twitter.

by | July 13, 2019 | 01:52

Volkswagen will contribute its Autonomous Intelligent Driving (AID) company to the venture. "Our global alliance is beginning to demonstrate even greater promise, and we are continuing to look at other areas on which we might collaborate", Diess said.

by | July 13, 2019 | 02:03

The outlet reported that nine people were transported to a nearby hospital after the plane landed safely. The aircraft was a Boeing 777-200, with 269 passengers and 15 crew on board. The affected people are being examined by medical personnel, an Air Canada spokesperson told the channel. That number was later updated to 37 by emergency officials in Honolulu.

by | July 12, 2019 | 02:12

Amid internal economic worries and the troubling external climate of socio-politics, Greece has elected its new prime minister on Monday, 8th July. Eurogroup chief Mario Centeno on Monday however urged the new Greek government to stick to the reforms and public spending commitments agreed by Athens with its eurozone creditors in return for the bailouts.

by | July 11, 2019 | 01:00

While demand concerns have weighed on the market, Brent has still risen nearly 20 percent in 2019 supported by a supply-cut pact led by the Organization of the Petroleum Exporting Countries, and Middle East tensions. In its monthly forecast on Tuesday, the U.S. Energy Information Administration (EIA) cut its 2019 world oil demand growth forecast by 150,000 barrels per day to 1.07 million bpd.

by | July 11, 2019 | 01:01

So, assuming this low does make it out into the Gulf of Mexico - and signs are good that it will - what will become of it then? The Bermuda-based high pressure centre gives winds more of a northerly push over the northern Gulf, but it remains to be seen how much impact it will have on our developing target.

by | July 10, 2019 | 00:48

To participate in Cow Appreciation Day 2019 and get a free Chick-fil-A sandwich today, the guidelines are relatively simple: You must dress up with clothing, a mask, makeup, or a full costume that somehow resembles a cow. The offer can be used on breakfast items too during breakfast hours. You can receive a free entrée during breakfast hours or during lunch and dinner hours.

by | July 10, 2019 | 01:25

In Europe, the SE will have a range of 146 to 168 miles, but U.S. EPA figures have yet to be announced . They're hardly inspiring numbers. If this is the case it would be powered by a 34kWh battery which could produce around 120-miles of range on a single charge.

by | July 09, 2019 | 01:06

In addition to growing in unlicensed rooms, Health Canada also issued its non-compliance rating based on "inaccurate information" provided to the regulator by CannTrust employees, though the company did not disclose the nature of the inaccurate information.

by | July 09, 2019 | 00:52

Ever since Volkswagen and Ford announced that they will be working together on commercial vehicles, there were already rumors about them possible working on more projects together and we can finally learn what is next. Under terms of the new deal, Volkswagen will share its MEB electric vehicle platform with Ford in exchange for access to some proprietary autonomous vehicle technology from Ford.

by | July 09, 2019 | 01:36

Tesla CEO Elon Musk confirms that Tesla will likely stop selling cars to consumers at a reasonable price. All vehicles made since around the end of 2016 are able to receive the self-driving chip, Musk said , and all Tesla vehicles produced in recent months already include it.

by | July 09, 2019 | 01:52

The British pound GBP= edged down 0.1% to $1.2511 after hitting a six-month low against the dollar on Friday as a result of poor economic data and a rise in expectations that the Bank of England will cut interest rates. At 11:00 a.m. ET, the Dow Jones Industrial Average was down 129.29 points, or 0.48%, at 26,792.83, and the S&P 500 was down 14.84 points, or 0.50%, at 2,975.57.

by | July 08, 2019 | 01:53

The remaining 4% stake left to MacKenzie Bezos is just under 20 million Amazon shares, worth an estimated $38 billion. Jeff Bezos after the divorce, got 12% of the shares or $114,8 billion. "Now you are the hottest MILF I have ever imagined!", blurted Twitter cad Don Palovitz Saturday in the comments section of MacKenzie's April tweet announcing her divorce.

by | July 08, 2019 | 01:45

When the vehicle was being assembled, the wheel studs may not have been fully connected and a small gap may exist between them and the hub assembly. During manufacture, wheel studs may not have been fully seated. "If the brake booster rod detaches from the brake pedal, the vehicle may lose its service brakes, increasing the risk of an accident that may cause injury to the vehicle occupants and other road users", it added.

by | July 05, 2019 | 02:34

Angela Merkel faced a wave of fury at home on Wednesday over the nomination of Ursula von der Leyen as the new head of the European Commission that threatened to split her government and cast doubt on her future as chancellor. Even though the Social Democrat bloc also lost ground, Mr Timmermans, the commission's vice president, emerged as a compromise candidate to head the powerful executive.

by | July 04, 2019 | 02:40

Deutsche Bank announced previous year that it would aim to increase its share of revenues from more stable sources such as wealth management to 65 per cent by 2021. Deutsche Bank has a 12 month low of $6.61 and a 12 month high of $13.17. "We need to increase significantly our client footprint, which means the net increase of client facing individuals needs to be material", he said.

by | July 04, 2019 | 01:57

Senior analyst at IBISWorld, Jason Aravanis, said the gold price could continue to rise with the anticipation of more interest rate cuts. The Pound Australian Dollar (GBP/AUD) exchange rate will, however, remain sensitive to political developments surrounding US-China trade discussions and the ongoing Tory leadership race.

by | July 03, 2019 | 01:54

Investors will likely bet Lagarde will share Draghi's taste for aggressive and innovative monetary policy and her appointment would mean the more hawkish Bundesbank President Jens Weidmann misses out. Although not trained as a economist, Lagarde has spent the past eight years at the helm of the Washington-based International Monetary Fund. Furtehr down, we look into what this could mean for the European Central Bank policy and euro.

by | July 02, 2019 | 00:26

The report said the Korean companies could take this opportunity to streamline their inventories, as the chip and display industries are in a supply glut. "It is not a retaliatory measure", Deputy Chief Cabinet Secretary Yasutoshi Nishimura said, noting the measure came about because of overall difficulties in "maintaining a relationship of trust with South Korea in carrying out export controls".

by | July 02, 2019 | 01:04

Mr Trump on Saturday announced American companies would "continue" to do business with the beleaguered tech giant. Xi, for his part, recounted the era of "ping-pong diplomacy" that helped jump-start U.S. He has said the new tariffs, which are paid by USA importers and usually passed onto consumers, might start at 10 per cent. President Donald Trump's decision to allow expanded sales of US technology supplies to Chinese telecommunications giant Huawei will only apply to products widely ...

by | June 30, 2019 | 01:04

Inflatable slides were used to deplane passengers on the runway Saturday morning. "It sounds like everyone on that flight is safe and that's good to hear", ‏she said , citing updates from her captain. that both inbound and outbound flights were stopped due to the emergency, but tweeted at 9:37 that flights have resumed with delays. The airport reopened almost an hour later, CBS New York reported.

by | June 27, 2019 | 01:08

U.S. chipmakers continue to sell product to Huawei, despite a Trump administration ban on the sale of United States technology to the Chinese telecom giant. The company estimated fiscal fourth-quarter revenue of $4.3bn to $4.7bn, with a midpoint slightly below analysts' estimates of $4.56bn, according to data from Refinitiv.

by | June 27, 2019 | 00:53

But he also argued that agreeing to a clear pathway to economic prosperity for the Palestinians is a "necessary precondition" to resolving the conflict . Some Gulf Arab states, like Saudi Arabia and the United Arab Emirates, voiced qualified support for Kushner's plan, while Qatar sent top officials but made no public comment.

by | June 27, 2019 | 01:39

Talking about the central bank's future monetary policy move during an event held by the Council on Foreign Relations in NY on Tuesday, Powell admitted that he and his colleagues have been grappling with the question that "whether these uncertainties will continue to weigh on the outlook and thus call for additional policy accommodation".

by | June 26, 2019 | 00:48

The combination could solve those problems for AbbVie Inc., based in North Chicago, Illinois, and Allergan , which is based in Dublin on paper but operates from headquarters in Madison, New Jersey. "Humira is buying the assets that replace it over the long term", said Gonzalez, who will lead the combined company and remain chairman and chief executive through 2023.