N.Korea fires ballistic missiles, marking fourth in a week

Breadcrumb Trail Links PMN Business Author of the article: Publishing date: Sep 30, 2022  •  28 minutes ago  •  2 minute read  •  Join the conversation Article content SEOUL — North Korea fired two short-range ballistic missiles towards the sea off the east coast on Saturday, South Korea’s military said, marking Pyongyang’s fourth launch in a … Read more

It’s Time to Buy Tech Again. Here Are 20 Stocks to Start With.

One cruel truth the stock market confirmed this past week is that trying to pick the bottom for technology stocks is a fool’s errand. The Nasdaq Composite’s terrible September—it was down 10.5% on the month—has made the bottom-fishing that took place over the summer look ill-advised. As I’ve noted before, the first downturn in tech … Read more

rbi: View: RBI strikes a right balance between growth and inflation

Governor Shaktikanta Das announced a 50-bps hike in policy repo rate to 5.9% from 5.4% during the monetary policy committee’s meeting on 30th September 2022 and maintained withdrawal of accommodation. With this, the rates have gone up 190-bps cumulatively since the start of the current calendar year. The rate hike was decided by a majority … Read more

S&P puts UK credit rating on notice with ‘negative outlook’

The UK’s credit rating was threatened with a downgrade late on Friday when S&P, one of the world’s largest credit rating agencies, put the country on a “negative outlook” after chancellor Kwasi Kwarteng’s “mini” Budget last week. The rating agency maintained the UK’s double A investment grade credit rating but warned the outlook was negative. … Read more

Disney names Carolyn Everson to board in deal with activist investor Third Point By Reuters

© Reuters. FILE PHOTO: A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/File Photo (Reuters) -Walt Disney Co on Friday announced a truce with activist investor Third Point, saying it would … Read more

United to Pull Out of JFK in October

Backing up its threat issued in early September, United Airlines on Oct. 29 will “temporarily suspend” its service at New York’s John F. Kennedy International Airport, the carrier confirmed to BTN. United had warned of its departure if it wasn’t allotted more slots by the U.S. Federal Aviation Administration.  The carrier’s New York area hub is … Read more

U.S. has much to gain from Nord Stream damage, Russia says at U.N.

Breadcrumb Trail Links PMN Business Author of the article: Reuters Timothy Gardner and Simon Lewis Article content The Russian ambassador to the United Nations on Friday told the Security Council that the U.S. has much to gain in gas trade from damage to the Nord Stream pipeline system under the Baltic Sea but stopped short … Read more

Burkina Faso hit by second coup in eight months

Mutinous soldiers deposed Burkina Faso’s president Paul-Henri Sandaogo Damiba in a coup, according to a statement read on national television on Friday evening, capping a day that began with gunfire in the capital of Ouagadougou and ended with the second coup in eight months in the west African nation wracked by a jihadist insurgency. Army … Read more

Intel’s self-driving unit Mobileye files for U.S. IPO By Reuters

© Reuters. FILE PHOTO: Mobileye driverless car logo is seen on a vehicle at the Nasdaq Market site in New York, U.S., July 20, 2021. REUTERS/Jeenah Moon/File Photo (Reuters) – Intel Corp (NASDAQ:)’s self-driving unit, Mobileye (F:), on Friday filed for an initial public offering in the United States, revealing a 21% growth in revenue … Read more