Markets

Apple told Congress it found no evidence of server tampering

Apple told Congress it found no evidence of server tampering According to Reuters , Apple's Vice President for Information Security George Stathakopoulos even wrote a letter to congress dismissing the report, saying the company had found no evidence of "malware or other malicious activity". A senior security engineer directly involved in Apple's internal investigation described it as "endoscopic", noting they had never seen a chip like the one described i... [Full Article...]

PayPal to pay an extra $4m to United Kingdom tax authority

PayPal to pay an extra $4m to United Kingdom tax authority In 2016, Facebook's tax bill rose to £5.1m , following a major overhaul of the social media firm's tax structure. In 2017, Facebook gave out 1.48 million restricted ordinary shares (RSU) to employees, a move that reduces its tax liability. [Full Article...]

Ramaphosa’s office ‘not aware’ of Nene’s request to be fired

Ramaphosa’s office ‘not aware’ of Nene’s request to be fired There had been an additional meeting in 2014 when the family's patriarch Ajay had - according to Nene - attempted to extract information from him. Uncertainty over the future of Finance Minister Nhlanhla Nene is leaving markets jittery, in a development the Banking Association of South Africa (Basa) has described as "unfortunate". [Full Article...]

Brent crude drops below $83 on expectations Iran will maintain some exports

Brent crude drops below $83 on expectations Iran will maintain some exports But the administration is "in the midst of an internal process" of considering exceptions called SRE waivers, or significant reduction exemptions, said a government official who spoke on the condition of anonymity. "One way or another, it looks as though India is going to take some Iranian crude", said Olivier Jakob of Petromatrix, adding that the development was helping oil to "retrace some of th... [Full Article...]

US SEC Files Amendments Related to Bitcoin ETFs

US SEC Files Amendments Related to Bitcoin ETFs With the deadline now set for October 26, 2018, the SEC not only provided the opportunity for comments in favor of or against the GraniteShares Bitcoin ETF but also for the Direxion Daily Bitcoin ETF , the ProShares Bitcoin ETF , and the ProShares Short Bitcoin ETF . [Full Article...]

Rahul Gandhi wants petrol, diesel brought under GST

Rahul Gandhi wants petrol, diesel brought under GST A day after coming down significantly due to a cut in taxes by the Centre and state governments, petrol and diesel prices went up by 19-32 paise across major cities on Saturday morning. Whereas Maharashtra government has not done any additional reduction on petrol price and Jharkhand also not slashed down the price. Chandigarh has reduced the fuel prices by Rs 1.50. [Full Article...]

Million pounds of beef recalled due to salmonella outbreak

Million pounds of beef recalled due to salmonella outbreak Department of Agriculture's Food Safety and Inspection Service are investigating a multistate outbreak of Salmonella Newport infections linked to ground beef produced by JBS Tolleson, Inc. 57 cases of salmonella illnesses have been reported across 16 states in connection to the recall. The Centers for Disease Control says no deaths have been reported. [Full Article...]

Unilever abandons plans to move its headquarters from London

Unilever abandons plans to move its headquarters from London If Unilever is a backward step, it's more that several influential shareholders were expected to vote against the project at the next general assembly. "The board continues to believe that simplifying our dual-headed structure would, over time, provide opportunities to further accelerate value creation and serve the best long-term interests of Unilever", board chairman Marijn Dekkers stated. [Full Article...]


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