Money

Africa’s Most Valuable Bank Sees Profit Rebound as Payrolls Jump

FirstRand Ltd., Africa’s biggest bank by market value, experienced a better-than-anticipated recovery in the past four months after payrolls recovered to pre-coronavirus levels.


From Tesla and Rivian to Ford and GM: Take a look at the electric trucks automakers are planning

The automotive industry is gearing up for a battle royale as companies race to deliver the first all-electric pickup truck to the mass market.


Bank of America shares 2 crucial rules for investors to follow as the S&P 500 climbs 6% by year-end 2021

Bank of America says the S&P 500 will climb 6% by the end of 2021 but the path won't be a straight ride up, and the near-term risk is skewed to the downside.


VW’s ID.3 Quickly Climbs to Top of Europe’s Electric-Car Market

Volkswagen AG’s ID.3 hatchback rose to the top of Europe’s electric-car sales chart a few months after hitting the market, narrowly beating a Renault SA model and trouncing Tesla Inc.’s Model 3.


The athleisure market is heating up as consumers flock to 'comfort in uncomfortable times'

The athleisure market, fraught with competition, is expected to see sales in the U.S. total $105.1 billion in 2020.


Tata Motors share rises 2% after Edelweiss gives 'buy' call

Tata Motors stock touched an intraday high of Rs 174.9, rising 2.04% on BSE


Canadian Banks’ Return-to-Office Plans Thwarted by Virus Surge

A recent surge in Covid-19 cases is derailing Canadian banks’ plans to bring employees back to offices, with one lender even asking some workers who had already returned to go back home.


Jason Momoa was ‘completely’ in debt after ‘Game of Thrones’: ‘We were starving’

Jason Momoa's career has been a slow burn. After his character was killed off "Game of Thrones" in season one, the actor was "completely in debt."


Farm Rescue shifts to help farmers sickened by coronavirus

The wet spring offered only a tiny window for planting, so when North Dakota farmer Paul Ivesdal fell ill with the coronavirus he knew the timing couldn't be worse. The 63-year-old man knew if he didn't recover quickly and plant his crop of wheat, barley, canola and flax, it could mean an end to his decades of farming 2,300 acres (930 hectares) just south of the Canadian border. But his condition deteriorated and, due to the bad weather, even...


Morrisons' new plan to help shoppers get food and toys to those in need this Christmas

It's never been easier for people shopping at Morrisons to get essential supplies as well as a little Christmas joy to families who are struggling this year


JOIN US NEXT WEEK: Elite recruiters from The Carlyle Group, Apollo, and Bain Capital will break down how to get hired in private equity

Join Business Insider for an exclusive live event to learn what it takes to land a coveted job at top private-equity firms.


Deutsche Bank Accounting Head Probed Over EY Wirecard Audit

Deutsche Bank AG’s top accounting executive, Andreas Loetscher, is being investigated over his role as the auditor of Wirecard AG while he was with his former firm, Ernst & Young, two people familiar with the matter said.


Astra Likely to Run Additional Global Vaccine Test, CEO Says

AstraZeneca Plc is likely to conduct an additional global trial to assess the efficacy of its Covid-19 vaccine, according to the company’s chief executive officer, after current studies raised questions over its level of protection.


Italy Lawmakers Aim to Delay Government Sale of Monte Paschi

Lawmakers within Prime Minister Giuseppe Conte’s Italian coalition are plotting to stall finance ministry plans to offload struggling lender Banca Monte dei Paschi di Siena SpA to UniCredit SpA, according to people familiar with the plans.


Entra Mulls $3.5 Billion Castellum Bid After Earlier Snubs

Entra ASA, a Norwegian property firm, said it will look into a takeover proposal by Castellum AB after ending earlier talks with the firm and rebutting a bid by a rival suitor.


World's largest offshore wind farm seals financing deal worth $8 billion

First two phases of the development will be built simultaneously.


Gold Hovers Above $1,800 as U.S. Data Disappoints, ETFs Decline

Gold continued to hover above $1,800 an ounce after disappointing economic data pointed to a rocky recovery in the U.S., while bullion-backed exchange-traded funds saw further outflows.


Sanofi eyes 1.4B doses of coronavirus vaccines

A WORKER fills vials at a Sanofi lab. — SANOFI PASTEURSANOFI PASTEUR is seeking to produce as many as 1.4 billion doses of coronavirus vaccines by the end of next year as part of a plan to boost its manufacturing capacity to meet global demand, a company official said.


Samsung Galaxy S21 series to get Bixby voice unlock

Samsung plans to extend One UI 3.1 to all its Galaxy devices eventually.


ATN Holdings eyes P1-B sales until 2022 from infra projects

MIKITA YO/UNSPLASHLISTED ATN HOLDINGS, Inc. is looking to generate P1 billion in the next two years from selling construction materials that will help it ride on the Philippines’ increased investments on infrastructure.


ICTSI raises nearly P5B in share sale

LISTED port operator International Container Terminal Services Inc. (ICTSI) said on Thursday it had entered into a placement agreement for the sale of its 40 million treasury shares to raise funds for general corporate purposes.


Chinese Lala cannot move in India

Founded in 2013, Lalamove entered the Indian market in December 2018 and launched services in 2019. Registered as Lalamove (India) Private Limited, the company claimed to have specialised in end-to-end logistical solutions


Mexico Economy Grows at Record Pace With Long Recovery Ahead

Mexico’s economy grew at the fastest pace in at least three decades in the third quarter, as a surge in manufacturing to meet U.S. demand helped claw back a portion of the output lost since last year.


ByteDance has reportedly been given another week to sell off TikTok's U.S. business

ByteDance has been given another week to sell off TikTok's U.S. business and avoid a ban, according to reports.


Oil Slips From 8-Month High as Rally Fizzles Out

Oil fell from an eight-month high as the dollar recovered, while disparities in demand set the stage for OPEC+’s key policy meeting next week.


Deutsche Bank is reportedly considering a permanent 2-day work-from-home policy, weeks after its research arm said people choosing to work remotely should be taxed 5%

Deutsche Bank told Business Insider it was "working on a hybrid model that will combine working from home as well as in the office."


Bitcoin Plunges Along With Other Coins

Bitcoin plunged on Thursday in a sell-off that saw other digital assets fall as much as 27%, a slide likely to stoke speculation about the durability of the latest boom in cryptocurrencies.


Bitcoin tumbles by more than $2,000 as cryptocurrency bulls cash in on this month's stellar run

"It feels more and more like we're hitting a Bitcoin tipping point," one crypto trader said. "In fact, a cooldown is to be expected."


Warren Buffett joked that he would be 'eating Thanksgiving dinner at McDonald's' if the US government hadn't bailed out the banks in 2008

The billionaire investor wouldn't mind too much, as he typically grabs breakfast there on his way to work and has a McDonald's gold card.


The book Mark Cuban read in his 30s that helped him get rich

Tech billionaire and "Shark Tank" star Mark Cuban said this book was a big motivator for him early on in his career.


Sonu Sood's Pravasirojgar raises Rs 250 crore from Temasek-backed GoodWorker

Sood during the COVID-19 lockdown had helped 7.5 lakh migrant workers and families reach their hometowns. Back in July, he had partnered with education and vocational skills provider Schoolnet India to launch Pravasirojgar.com


Stock Rally Pauses as European Cyclicals Retreat: Markets Wrap

The rally in global risk assets lost steam as the spreading pandemic tempered gains in European stocks and U.S. equity futures. Bitcoin tumbled as much as 13%.


Facebook to reimburse some advertisers after miscalculating effectiveness data

The company's "conversion lift" tool suffered a glitch that reportedly affected thousands of ads between August 2019 and August 2020.


Chevron Philippines names Billy Liu country chairman, general manager

New CPI General Manager and Country Chairman Billy Liu envisions more progressive years ahead for Chevron as he takes on his role.CHEVRON Philippines, Inc. has appointed petroleum industry expert Billy Liu as the firm’s new country chairman and general manager to lead its downstream business, the company said on Thursday.


Holiday trends to watch: Adult Play-Doh; stores that ship

NEW YORK (AP) — The pandemic is turning this into a holiday shopping season like no other. Toy companies are targeting stuck-at-home grown-ups with latte-smelling Play-Doh and Legos that turn into Warhols. Those who added a puppy to their family during the pandemic will see tons of gift options for their new furry friend. And with more people shopping online, stores are doing double duty as shipping centers to try to get gifts to doorsteps as...


Let Salesforce Billionaire Benioff Land His Trendy Tech Whale

A takeover would be risky, but nabbing Slack may be a risk worth taking.


Price of K-pop love? An average of P68,000

AN assortment of merchandise featuring Eunhyuk of Super Junior. — LENY MAGISJ/FACEBOOKIT’S no question that K-pop — Korean popular music — has carved out a big chunk of the music world for itself and the resulting “fandoms” have evolved from being just fans clubs to actual forces of nature that can troll and derail a political rally and the social media of US President Donald Trump. And these K-pop fans spend — and spend a lot — for their...


Aldi, Tesco, Asda & Morrisons tease Black Friday deals on Fifa, iPhones and Echo Dot

Retail giants across the UK are gearing up for the biggest sales day of the year, with even supermarkets promising discounts galore. But are the deals any good? We take a look


MPIC finance chief Nicol to leave post by month’s end; replacement named

DAVID J. NICOL, chief financial officer of Metro Pacific Investments Corp. (MPIC), is leaving his post by the end of the month.


Swedes Lose Faith in Covid-19 Strategy With Virus Rampant

Swedish confidence in the nation’s strategy to fight the coronavirus pandemic has slumped, with concerns over capacity in the health-care system now almost universal.


Philippine shares down on continued profit-taking

Philippine shares extended its losing streak for the third straight session on Thursday as market players continued to cash in on gains from the previous sessions. The benchmark PSEi shed 73.76 points or 1.05% to 6,927.75 at the closing bell. The broader All Shares lost 46.19 points or 1.10% to 4,138.09. “The PSEi ended lower, marking three days of consecutive losses on persistent profit taking,” AAA Equities head of research Chris Mangun said....


October BoP surplus biggest in nearly a decade

THE COUNTRY’S balance of payments (BoP) surplus reached its highest in nearly a decade in October, supported by the Bangko Sentral ng Pilipinas’ (BSP) income from foreign investments and foreign exchange operations.


Full MMFF lineup includes films from canceled summer festival

FANTASY film MagiklandTHE 10 official full-length films that will be featured in the wholly digital version of the Metro Manila Film Festival (MMFF) have been named and will include the typical mix of fantasy, comedy, romance, and drama that the festival is known, as well as some of the official entries of the canceled Summer MMFF.


Saudi Arabia Broadens Central Bank’s Mandate to Promote Growth

The Saudi Central Bank updated its mandate to include supporting economic growth as one of its prime objectives, formally changing its fundamental operating principles for the first time in more than 60 years, Vice-Governor Ayman Alsayari said.


Zambian Inflation Accelerates to Four-Year High in November

Zambian inflation quickened for the third straight month in November to a four-year high.


The Chase's Anne Hegerty takes swipe at new chaser Darragh Ennis in pay row

The Chase star Anne Hegerty refused to confirm she felt positively about new chaser Darragh Ennis as she revealed the other chasers have taken a financial hit


AgriNurture, PITC team up to import raw inputs for rice-corn production

LISTED agricultural firm AgriNurture, Inc. has partnered with the Philippine International Trading Corp. (PITC) on the importation of raw materials for the production of Bigas-Mais (BigMa) or rice-corn blend.


Ex-President Arroyo named Duterte adviser

PHILSTARPresident Rodrigo R. Duterte has appointed former President Gloria Macapagal-Arroyo as his adviser for projects at the Clark Freeport and Special Economic Zone in Pampanga province.


BSP policy stance to stay accommodative

BW FILE PHOTOTHE CENTRAL BANK has room to remain accommodative if there is further need to support the economy towards recovery, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Francisco G. Dakila, Jr. said.


Wirecard Sought to Obstruct a Special Audit That Hastened Its Demise

Wirecard AG continuously obstructed a special audit of its books by accounting firm KPMG LLP, a probe that ended up uncovering fictitious bookings on a massive scale and hastened the collapse of the once high-flying mobile payment company.