Business

Asian stocks mostly rise on hopes for higher United States rates

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.3% as traders looked to August US nonfarm payrolls due on Friday after a run of strong economic data and hawkish comments from Fed officials. Housing credit rose 0.5%, unchanged from June. The euro inched up 0.1% to $1.1158, down 0.1% for August. A weaker yen boosted Japan's exporters, sending the Nikkei stock index 2.3 percent higher at the close.

Business

Port announces new restrictions in wake of Hanjin bankruptcy filing

Gonzales assured the release of those containers in MICT would not be affected by Hanjin's troubles. Hanjin has been losing money for years. Hanjin accounts for 7.8 percent of trans-Pacific trade volume for the USA market. The South Korean giant filed for bankruptcy protection on Wednesday, Aug. 31, and stopped accepting new cargo. "Retailers' main concern is that there is millions of dollars worth of merchandise that needs to be on store shelves that could be impacted by this", Gold said.

Business

Applications for unemployment benefits slipped last week

More broadly, jobless claims touched a four-decade low in April and have hovered modestly above the level for most of the spring and summer. This represents a decrease of 4,000 from the prior week's 263,000 reading. The four-week moving average for claims now sits at 261,250, down from last weeks' 263,000. With the labor market near full employment and the economy's recovery from the 2007-09 recession showing signs of aging, the slowdown in job growth is normal.

Business

Videocon Mobiles ties up with Reliance Jio to the Welcome Preview Offer

There has been a war of words going on between the industry body COAI and Jio, since Reliance announced its full fledged services roll out. "Freebies can not be extended beyond 90 days". This will result from a potentially double traffic from Jio, than their own network. Ambani is said to have constructed almost 100,000 telecoms towers across India and estimates that Jio already covers some 18,000 cities and 200,000 villages.

Business

HP waves goodbye to its software side in $8.8 billion deal

HPE CEO Meg Whitman is trying to create a company better able to compete with Dell Technologies, following its just-completed acquisition of EMC, as well Cisco and IBM , as large companies shift spending to cloud computing services. The accord with Micro Focus, a multinational software firm based in Newbury, United Kingdom, was reported together with HPE's recent quarterly earnings.

Business

Wells Fargo Fined $185 Million Over Creation Of Fake Accounts For Bonuses

Money reported that federal regulators said the employees secretly created millions of bank and credit card accounts that were not authorized by customers since 2011. After creating the accounts, employees transferred funds from consumers' authorized accounts to temporarily fund the new, unauthorized accounts. The $5.8 million Ferguson Empowerment Center, which is under construction at the former QuikTrip at 9420 W.


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