And in any case, the options for Japanese banks are limited – the Bank of Japan (BoJ) has already reduced its benchmark interest rate to -0.1 percent, so keeping cash in its vaults is expensive, and -0.035 percent seems like quite a good deal.
Separately, Flipkart announced that Nagori was also quitting the company. “In that case, it will be the investors who will decide on the strategic changes in the company rather than the founder or CEO having to decide”.
One assumption is Tesla does not run out of federal tax eligibility before the Model 3 is for sale or very many are sold, which is possible by 2018 unless an extension is granted.
Federal Reserve Chair Janet Yellen said the us economy faces a number of global threats that could hamper growth and compel the Fed to slow the pace of future interest rate hikes.
Speaking to analysts during parent company Time Warner’s fourth quarter earnings call, HBO CEO Richard Plepler on Wednesday disclosed that some 800,000 subscribers signed on for HBO Now between April 7 and December 31. Now has gained about 800,000 paying subscribers since...
Much like Facebook, which gives you the option to see the most recent stories or “top stories”, the feature is opt-in, which should calm at least some of the people down who were freaking out about this proposed change when word leaked last weekend.
The Japanese auto giant is recalling 4.4m cars worldwide, including 1.2m in Europe, because of Takata Corp air bag inflators which can explode and hurl shrapnel into the vehicle. Mark Rosekind, the head of the National Highway Traffic Safety Administration, last month warned that...
Chennai: Indian Overseas Bank saw its losse widens to Rs 1,425 crore for the third-quarter as it set aside more money to cover bad loans. The bank’s total income has decreased by 1.72% to Rs 6911.62 crore for the quarter under review from Rs 7032.70 crore for the...
World stock markets were also up Wednesday. Policy makers next gather to consider a rate change on March 15-16. The Nasdaq composite added 51 points, or 1.2 per cent, to 4,319. Exports out of China were down 1.4 percent in December, continuing a downward trend seen throughout the fall.
“In prepared testimony to be delivered to Congress on Wednesday, Yellen acknowledged that there are several risks to US economic growth – borrowing costs are rising, stock prices have declined a lot so far this year and the dollar continues to strengthen against its...
Hart pointed out that close fires like this increase the damage that it creates and, in turn, decreases the flight crew’s ability to respond to it. If up on flame, these lithium-ion batteries can go as hot as 1100 degrees which are basically the melting point of aluminum, a...