FINANCE MORNING FOR 8TH DECEMBER 2016

New innovations in barbing that could impact your business

Do you own barber shops or saloons? If so, you are sitting on billions of dollar global business. Barbing shop But, how much money you are making from the business depends on professionalism, location and innovation/ technology you bring into the operation. Source: Vanguard. Read More.

NGO takes anti corruption campaign to schools

The Executive Director,  of a Non Governmental Organisation, “Corruption not in my counmtry, “Mr. Akin Fadeyi has said that in order to eradicate corruption in Nigeria, the war against corruption must be  taken to secondary schools, a move that would tackle corruption at the grass root level. Fadeyi said this during an anti corruption capacity building workshop for secondary school students held at Lagos Progressive Junior Secondary School, Surulere, Lagos. Source: Vanguard. Read More.

Oil prices rise on U.S. crude stock decline, weaker dollar

Oil prices edged up in thin trading on Thursday after steep falls in the previous session, supported by a weaker dollar, positive economic data and a drawdown in U.S. crude stocks.

International Brent crude futures were trading up 4 cents at $53.04 a barrel at 0345 GMT after closing the previous session down 93 cents. Source: Reuters. Read More.

China top court rules in favor of Michael Jordan in trademark case

China’s highest court has ruled in favor of former basketball star Michael Jordan in a long-running trademark case relating to a local sportswear firm using the Chinese version of his name, overturning earlier rulings against the athlete.

The former Chicago Bulls player sued Qiaodan Sports in 2012, saying the company located in southern Fujian province had built its business around his Chinese name and famous jersey number “23” without his permission. Source: Reuters. Read More.

Japan third quarter GDP slashed as capex, inventories shrink

Japan’s economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories – renewing concerns about Japan’s growth prospects.

The Cabinet Office said on Thursday the economy grew at a 1.3 percent annualized rate in July-September, a severe revision from the 2.2 percent annualized growth first estimated and barely over half the median estimate for a 2.4 percent annualized expansion. Source: Techcrunch. Read More

Brexit: French financial regulator wooing London banks

France’s leading financial regulator has told the BBC that major banks are in advanced stages of planning to shift some operations from London to Paris.
Benoit de Juvigny said that “large international banks” have undertaken the due diligence needed to set up a subsidiary in the French capital.
He also told Newsnight that “many other companies” had lodged informal inquiries about moving post-Brexit. Source: BBC. Read More.