Articles by admin

Dividend paying stocks like Mold-Tek Packaging Limited (NSE:MOLDTKPAC) tend to be popular with investors, and for good… …read more […]

The leaders of the House of Representatives Judiciary Committee said late on Tuesday that they had begun receiving data from Facebook, Alphabet’s Google, Amazon and Apple as part of their probe into the companies’ potential breaches of antitrust law. “We have received initial submissions from Alphabet, Amazon, Apple and Facebook as part of our investigation. …read more […]

(Bloomberg) — China threatened to retaliate if the U.S. Congress follows through with enacting legislation that would require an annual review of whether Hong Kong is sufficiently autonomous from Beijing to justify its special trading status.The Chinese Ministry of Foreign Affairs said in a statement on Wednesday that it would take strong measures if the bill passed. The Hong Kong Human Rights and Democracy Act is one of four measures passed by the U.S. House in unanimous voice votes Tuesday.The bill provides for sanctions against officials “responsible for undermining fundamental freedoms and autonomy in Hong Kong.” A similar bill is …read more […]

(Bloomberg) — A fire at the NuStar Energy LP.’s fuel terminal in the San Francisco Bay Area spewed black smoke for miles, prompting officials to order local residents to stay indoors.The company is working to extinguish the fire at its Selby Terminal in Crocket, about 25 miles (40 kilometers) northeast of San Francisco, NuStar said in a statement. The blaze affected two tanks, holding “very low volumes of ethanol” comprising less than 1% of their capacity. Adjacent tanks are being cooled to minimize the risk of the fire spreading. All personnel are safe and accounted for, the company said.The black …read more […]

(Bloomberg) — The Facebook Inc. executive responsible for the embattled Libra cryptocurrency said he doesn’t fault companies that pulled out of the project, adding that he’s optimistic more organizations will sign on despite intense opposition from politicians who seem to fear financial innovation.“I totally respect the fact that those businesses and those leaders have a responsibility to their shareholders, employees and stakeholders,” Facebook’s David Marcus said in a Tuesday interview with Bloomberg Television. “We are going to move forward. We are going to add more members.”Facebook suffered a setback in recent days when a quarter of the membership of Libra’s …read more […]

(Bloomberg) — The U.S. brought a criminal case against one of Turkey’s largest banks for aiding a scheme to evade sanctions against Iran, a move that carries political overtones as tensions build over Turkey’s military incursions in Syria.In an indictment filed Tuesday in Manhattan federal court, prosecutors accused government-owned Halkbank of participating in a wide-ranging plot to violate prohibitions on Iran’s access to the U.S. financial system. The conspiracy involved high-ranking government officials in Iran and Turkey, the U.S. said.“Halkbank’s systemic participation in the illicit movement of billions of dollars’ worth of Iranian oil revenue was designed and executed by …read more […]

(Bloomberg) — Weeks after a Lion Air jet crashed in the Java Sea, killing all 189 aboard, an airline employee gave investigators photographs meant to show that a crucial repair had been properly performed the day before the disaster.Yet the pictures may not show what was claimed.The time displayed in photos of a computer screen in the cockpit of the Boeing Co. 737 Max indicated they had actually been taken before the repair was performed, according to a draft of the final crash report being prepared by Indonesia’s National Transportation Safety Committee, portions of which were reviewed by Bloomberg News.Investigators …read more […]