India may overtake China in farmed shrimp production

‘Many producers planning to expand capacity’ India is set gain the top slot in farmed shrimp production, overtaking China in 2019-20, said Ravi Kumar Yellanki, president, Society of Aquaculture Professionals. “We have already overtaken China in shrimp exports last year but are on par with regard to farmed shrimp production. Next year, we will overtake China [on this count] too,” […]

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Google wants more time to meet data storage norms

‘Pichai sought two more months for Google Pay to comply’ Technology giant Google has sought two more months from the Indian government to comply with RBI guidelines mandating storing of data by digital payment services providers locally. The Reserve Bank of India (RBI), in April this year, had directed payment system operators to store all data, including full end-to-end transaction […]

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The acronym ‘EGOT’ is trending, and we have Messrs. Legend, Lloyd Webber and Rice to thank

Yes, EGOT. Or, as an aid to comprehension, E.G.O.T. The acronym stands for Emmy, Grammy, Oscar, Tony, and it’s an honorific bestowed upon a winner of all four of those statuettes. John Legend, Andrew Lloyd Weber and Tim Rice — collaborators on the live-television production of “Jesus Christ Superstar,” which aired in April on NBCCMCSA, +0.69%— joined the rarefied ranks […]

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Micron price target lowered at Susquehanna on DRAM pricing concerns

Susquehanna Financial Group analyst Mehdi Hosseini reduced his price target on shares of Micron Technology Inc. MU, +0.47% to $75 from $80 on Monday, writing that memory average selling prices were tracking worse than his expectations. Following meetings in Korea, Hosseini now models that blended ASPs for DRAM products will fall by 15% to 20% in 2019, though he expects […]

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SEC suspends trading of Bitcoin Tracker One, Ether Tracker One

The Securities and Exchange Commission announced Sunday suspensions in trading of the securities Bitcoin Tracker One CXBTF, -2.38% and Ether Tracker One CETHF In a statement, the SEC said trading was suspended as of 5:30 p.m. Eastern and will continue until 11:59 p.m. Sept. 20. The suspension was ordered because of "confusion amongst market participants," the SEC said. Bitcoin Tracker […]

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CBS chief Les Moonves reportedly will resign amid new sexual misconduct accusations

Les Moonves, the longtime chairman and chief executive of CBS Corp. CBS, +2.98% , is set to resign Monday, according to multiple reports, following new sexual misconduct allegations against him from six additional women. In a New Yorker expose published Sunday morning, reporter Ronan Farrow — who first detailed allegations of sexual assault and misconduct against Moonves six weeks ago — […]

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Coffee Board to discuss flood impact on growers

Stresses need for special package for rain-affected crops A high-level meeting will be held on Monday at the Coffee Board to discuss the impact of the floods on coffee-growers, a majority of whom are small cultivators. The meeting is likely to be attended by senior officials of the Union Commerce Ministry, the Coffee Board, planters associations and State government officials, […]

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Trends in app downloads could bode well for these tech companies

Social-media and internet stocks haven’t had an easy stretch lately, but one analyst sees some encouraging behavioral trends in the near-term. Evercore ISI’s Anthony DiClemente regularly looks at app-download data points, which he deems “paramount to understanding the trends underlying the largest internet companies” given how much time consumers spend on their mobile devices. He recently rounded up the August […]

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What McDonald’s can learn from Chick-fil-A and Subway

Chick-fil-A and Subway may be private, but they offer important lessons for publicly held restaurant companies, according to Bernstein analysts. The two chains have followed different paths in recent years, and they’ve also endured different fates. While Chick-fil-A is expanding beyond the South, Subway is planning to close hundreds of U.S. stores, per Bloomberg and others. Bernstein’s Sara Senatore recently […]

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Square has been a ‘classic short squeeze’ but that may be changing

The Square Inc. short squeeze is “losing steam,” according to financial technology and analytics firm S3 Partners. Square SQ, +1.62% has been a “classic short squeeze” amid the stock’s meteoric rise, but S3 analyst Ihor Dusaniwsky said that he’s lately been seeing strong conviction among short sellers. “Total borrowed stock rose to over $2.3 billion over the course of this past […]

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