Tag: Yahoo Finance

Amazon’s Bezos to Face Unprecedented Protests During India Trip

(Bloomberg) -- Amazon.com Inc. founder Jeff Bezos is likely to be greeted by an unprecedented show of opposition during his short India visit this week, after thousands of small-time local retailers pledged to protest its pricing and exclusive-selling practices.The Amazon chief executive is slated to headline the inaugural session of Amazon India’s event for small and medium businesses -- “smbhav” -- which kicks off Wednesday in New Delhi. The billionaire is scheduled to take the stage alongside Amazon India chief Amit Agarwal in a fireside chat, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire Kishore Biyani, who recently sold a stake in his retail group to Amazon.Bezos’s visit underscores India’s growing importance to his company. Competition there is building to record levels as Asia’s richest man, Mukesh Ambani, prepares to go live with JioMart and Walmart Inc.’s Flipkart Online Services Pvt delves deeper into the...

Correction On The USD Comes To An End

Last week was week of comebacks. It was a week of small, mid-term corrections, going against the main long-term trend. Corrections are useful, they create an occasion to jump in into a trade for those who were initially late. Thanks to corrections, they can open trades with more desirable prices....

Law firm Schirp says it's applying for special audit of Wirecard

Law firm Schirp said on Monday it was applying for a special audit of German payments company Wirecard, which is facing allegations of fraud and false accounting, on behalf of its shareholders. Wirecard was hit a year ago by allegations in the Financial Times that its Singapore office made fake book-keeping entries to 'pad' its revenues. In-house auditor EY investigated those claims and gave Wirecard management a clean bill of health....