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Big banks score win as U.S. regulator proposes easing post-crisis derivatives rules

A U.S. banking regulator on Tuesday proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration.

Source: Reuters: Business News | 18 Sep 2019 | 1:09 pm(NZT)

Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

Source: Reuters: Business News | 18 Sep 2019 | 1:03 pm(NZT)

Saudi oil attacks came from southwest Iran, U.S. official says, raising tensions

The United States believes the attacks that crippled Saudi Arabian oil facilities last weekend originated in southwestern Iran, a U.S. official told Reuters on Tuesday, an assessment that further increases tension in the Middle East.

Source: Reuters: Business News | 18 Sep 2019 | 1:02 pm(NZT)

U.S. seeks U.N. action on Saudi attacks despite likely Russian opposition

A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames on Iran, but it was unclear what action he sought or whether Washington might secure Russian cooperation.

Source: Reuters: Business News | 18 Sep 2019 | 12:59 pm(NZT)

Explainer: Why Asia's biggest economies are backing hydrogen fuel cell cars

China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

Source: Reuters: Business News | 18 Sep 2019 | 11:54 am(NZT)



Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp's best bet for wider acceptance of hydrogen power - technology so far eclipsed by electric vehicles.

Source: Reuters: Business News | 18 Sep 2019 | 11:50 am(NZT)

U.S. FAA to brief international regulators on status of Boeing 737 MAX

Federal Aviation Administration chief Steve Dickson has invited about 50 aviation safety regulators from around the world to an informal briefing in Montreal next week on the status of the grounded Boeing 737 MAX, according to an email seen by Reuters.

Source: Reuters: Business News | 18 Sep 2019 | 11:26 am(NZT)

House panel asks Boeing CEO to testify October 30 on 737 MAX

The U.S. House Transportation and Infrastructure Committee formally asked Boeing CEO Dennis Muilenburg on Tuesday to testify on the now grounded 737 MAX that has been involved in two deadly crashes since October 2018 that killed 346 people.

Source: Reuters: Business News | 18 Sep 2019 | 11:26 am(NZT)

Shampoo tycoon: 'leave the details to the experts'.

Shampoo tycoon: 'Don't try to solve all the technical problems. Leave the details to the experts.'

Source: BBC News - Business | 18 Sep 2019 | 11:04 am(NZT)

Adobe's fourth-quarter forecast, marketing software unit disappoint

Adobe Inc on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.

Source: Reuters: Business News | 18 Sep 2019 | 11:04 am(NZT)



The robot that cleans floors and tells jokes

More than 100 fully autonomous cleaning robots are coming to Singapore this year, made by local manufacturer Lionsbot. Ella's job is cleaning the floors at the National Gallery.

Source: BBC News - Business | 18 Sep 2019 | 11:03 am(NZT)

Why the Fed's interest rate move matters

The Federal Reserve, the US central bank, is expected to cut its main interest rates on Wednesday.

Source: BBC News - Business | 18 Sep 2019 | 11:02 am(NZT)

'My derelict pub still got TripAdvisor reviews'

TripAdvisor says it is winning the fight against fake reviews using fraud detection technology.

Source: BBC News - Business | 18 Sep 2019 | 11:02 am(NZT)

Cash machines closing fastest in poor areas, chancellor told

Consumer group Which? urges the chancellor to act over the loss of free ATMs in poor communities.

Source: BBC News - Business | 18 Sep 2019 | 11:02 am(NZT)

Saudi Arabia to restore oil output fully by end of September: energy minister

Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.

Source: Reuters: Business News | 18 Sep 2019 | 10:58 am(NZT)

Saudi Defense Ministry press conference to show Iranian involvement in Aramco attacks: state TV

A Saudi Defense Ministry spokesman will hold a press conference on Wednesday to provide information about last week's attack on Aramco, state TV said early on Wednesday.

Source: Reuters: Business News | 18 Sep 2019 | 10:58 am(NZT)

Trump says China trade deal could come before U.S. election, or not

U.S. President Donald Trump said on Tuesday his administration could seal a deal on trade with China before the U.S. presidential election, or an agreement could be reached the day after U.S. voters go to the polls.

Source: Reuters: Business News | 18 Sep 2019 | 10:25 am(NZT)

Oil price falls as Saudi Arabia calms supply fears

The country's energy minister says output will return to normal later this month after drone attacks.

Source: BBC News - Business | 18 Sep 2019 | 8:15 am(NZT)



Estate agents urged to tell buyers about air pollution

The industry trade body says providing this information should now be standard practice.

Source: BBC News - Business | 18 Sep 2019 | 4:02 am(NZT)

Gatwick Airport commits to facial recognition tech at boarding

The London airport will regularly scan passengers' faces at departure gates from 2022.

Source: BBC News - Business | 18 Sep 2019 | 3:52 am(NZT)

Smart meters: What is going on?

Smart meters were supposed to make our lives easier. and cheaper, but their introduction has been controversial.

Source: BBC News - Business | 18 Sep 2019 | 3:10 am(NZT)

Giant Yorkshire mine faces uncertain future

Developer Sirius Minerals has to cancel plans to issue a £403m bond to finance the project.

Source: BBC News - Business | 18 Sep 2019 | 1:02 am(NZT)

UK's full-fibre broadband coverage rises to 8%, says Ofcom

Ofcom's report highlights how much work must be done to provide full fibre access to all by 2025.

Source: BBC News - Business | 18 Sep 2019 | 12:38 am(NZT)

Hong Kong tries and fails to hire PR firms to rebuild image

Amid ongoing protests the government contacted eight PR firms, but all of them turned down the job.

Source: BBC News - Business | 17 Sep 2019 | 11:48 pm(NZT)

F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger

Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.

Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)

Google Restricts Huawei’s Access to Android After Trump Order

The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)

DealBook Briefing: Tech’s Cold War Just Started

Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.

Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.

Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

















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