Blog Posts by Simplus Information Services

  • By Rina Chandran

    MUMBAI (Thomson Reuters Foundation) - The Indian makers of a $4 smartphone hope its low price will allow millions of the poorest people to own a mobile phone in a market with only 10 percent penetration.

    But labour rights campaigners worry that push to churn out cheap handsets and tablets may lead to greater abuse of workers' rights in India, the world's fastest-growing smartphone market.

    Ringing Bells' Freedom 251 smartphone, whose launch in February crashed the company's website, is priced at 251 rupees - possibly the cheapest Android smartphone in the world.

    On Thursday, the company's chief executive Mohit Goel said the first shipment of about 200,000 handsets was due next week.

    Ringing Bells pays fair wages to its workers and its pricier models will help offset the cost of the $4 phone, he added.

    "Our vision is to make mobile phones more affordable to the millions of poor Indians

    Read More »from India's $4 smartphone rings alarm bell on workers' conditions, campaigners say
  • Trump: I'm 'flabbergasted' by the meeting between Bill Clinton and Loretta Lynch

    trump hannity(Donald Trump.Hannity/Fox News)
    Donald Trump slammed a recent meeting between former president Bill Clinton and US Attorney General Loretta Lynch, calling it "so terrible" and "one of the big stories" of the year.

    News emerged on Wednesday that Lynch and the former president had met on an airplane parked on the tarmac at an airport in Phoenix after the two had crossed paths.

    Lynch acknowledged the 30-minute encounter to reporters, but said the two mainly discussed his grandchildren and golf, not the Department of Justice's ongoing probe into Hillary Clinton's email usage.

    "It is an amazing thing," Trump said on the Mike Gallagher Show. "And it was really a sneak. It was really something they didn't want publicized as far as I understand."

    "I think it's so terrible. I think it's so horrible. I think it's the biggest story, one of the big stories of this week, of this month, of this year."

    "Even in terms of judgment, how bad a judgment is it for him or for her to do this? I mean, who

    Read More »from Trump: I'm 'flabbergasted' by the meeting between Bill Clinton and Loretta Lynch
  • The BSE Sensex and NSE Nifty are likely to open on flat-to-cautious note on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.

    At 7.59 am (IST), SGX Nifty was down 9.50 points at 8,326.

    Asian peers jumped on Friday as risk appetite continued to recover from last week's Brexit shock, but the pound came under renewed pressure after the Bank of England's governor hinted at an interest rate cut ahead.

    On Wall Street, the Dow Jones Industrial Average index rallied 1.3 per cent on Thursday, posting its third straight days of gains and erasing a bulk of its losses after Brexit. Some of the overnight gains on Wall Street were attributed to hopes for more monetary easing after BOE Governor Mark Carney said on Thursday the central bank would probably need to pump more stimulus into Britain's economy over the summer in wake of the Brexit shock.

    Back home, domestic equity markets on Thursday wiped off their Brexit losses suffered last week by soaring

    Read More »from Pre-markets: Sensex, Nifty may open on flat-to-cautious note; Auto, OMCs in focus today
  • The Rise of Mixed Martial Arts in Asia

    Chatri Sityodtong, chairman of One Championship, discusses the growth of mixed martial arts in Asia, the challenges they face in China and where he sees opportunity. He speaks to Bloomberg's Haslinda Amin on "Trending Business."

    More from Bloomberg.com

    Read The Rise of Mixed Martial Arts in Asia on bloomberg.com

    Read More »from The Rise of Mixed Martial Arts in Asia
  • By Shinichi Saoshiro and Nichola Saminather

    TOKYO/SINGAPORE (Reuters) - Asian stocks rose on Friday as risk appetite continued to recover from last week's Brexit shock, but the pound came under renewed pressure after the Bank of England's governor hinted at an interest rate cut ahead.

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent.

    The index has recovered nearly all the losses suffered last Friday when global markets plunged in response to Britain's decision to leave the European Union.

    It has gained close to 3.5 percent since Friday's close on a combination of short-covering and relief that Brexit did not spark contagion in the global financial system like that which engulfed markets during the 2008/09 crisis.

    Japan's Nikkei rose 0.6 percent after the yen surrendered more of the territory gained during the flight to quality seen earlier in the week. It is on track for a 4.8 percent

    Read More »from Asia stocks rise as risk appetite recovers, pound under fresh pressure
  • China official manufacturing survey flat as slowdown weighs

    An official survey of Chinese manufacturing shows that activity was flat last month, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown

    HONG KONG (AP) -- An official survey of Chinese manufacturing shows that activity was flat last month, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown.

    The survey of factory purchasing managers out Friday eased to 50.0 in June from 50.1 the month before.

    By coming in at the exact midpoint of the 100-point scale, the latest reading on the Chinese Federation of Logistics & Purchasing's survey indicates that factory activity neither expanded nor contracted from the month before.

    A separate private survey released the same day painted a more pessimistic picture of conditions in China's manufacturing sector, which employs many millions of workers.

    The Caixin/Markit index slipped to 48.6 last month from 49.2 in May as production shrank at the quickest pace in four months.

  • Clinton and Lynch met privately at Phoenix airport

    NEW YORK (AP) — Former President Bill Clinton spoke with Attorney General Loretta Lynch during an impromptu meeting in Phoenix, but Lynch said the discussion did not involve the investigation into Hillary Clinton's email use as secretary of state.

    Lynch told reporters that the meeting at a Phoenix airport on Monday was unplanned and happened while the former president was waiting to depart and walked over to the attorney general's plane after she landed there.

    Lynch was traveling with her husband and said her conversation with the former president "was a great deal about his grandchildren" and their travels. The former president, who recently became a grandfather for the second time, told her he had been playing golf in Arizona and they discussed former Attorney General Janet Reno, whom they both know.

    "There was no discussion of any matter pending for the department or any matter pending for any other body. There was no discussion of Benghazi, no discussion of the State Department

    Read More »from Clinton and Lynch met privately at Phoenix airport
  • [$$] Lions Gate’s Latest Deal May Be Starz-Crossed

    The merger that John Malone saw in the Starz is finally coming to fruition. But even the financial benefits of a marriage with Lions Gate Entertainment may not shield the combined company from its harsh strategic reality.

    Lions Gate said Thursday it was buying Starz for $4.4 billion, or $32.73 a share, in cash and stock. The deal, which includes debt, has been long in the making. Liberty Media Chairman Mr. Malone, who controls Starz, took a 3.4% stake in Lions Gate in February 2015 in a swap that gave Lions Gate 4.5% of Starz, representing 14.5% of total voting power.

    The rationale behind the merger has rested on the idea that Lions Gate, whose earnings fluctuate based on its movie studio’s ability to produce hits, could benefit from Starz’s steadier affiliate-fee-based income stream. Meanwhile, Starz, which is vulnerable as a standalone media company in negotiations with distributors, could be bolstered by Lions Gate’s content. Starz also benefits from Lions

    Read More »from [$$] Lions Gate’s Latest Deal May Be Starz-Crossed
  • How Online Lenders Can Finance Home Improvements

    Peer-to-peer lending websites—online marketplaces that match borrowers with investors willing to lend—are an increasingly popular source of cash for home improvements.

    Sites like Prosper, Upstart, SoFi, and LendingClub are mostly known for credit-card debt consolidation and small-business loans. Now, at least one online-loan marketplace, San Francisco-based Prosper, is actively encouraging loans for home improvements, recently announcing a partnership with HomeAdvisor.com, a national website that links homeowners with contractors.

    Unlike a mortgage or home-equity loan/line of credit, marketplace loans don’t have to be secured against a home or other collateral, and the peer-lending websites have less stringent credit-qualification requirements than banks and other traditional lenders. This may appeal to borrowers who can’t qualify for a home-equity loan or line of credit.

    However, peer-lending websites often charge higher interest

    Read More »from How Online Lenders Can Finance Home Improvements
  • Flamboyant fashion designer Betsey Johnson is trading her Hamptons house for a mobile home in Malibu.

    Ms. Johnson, who relocated to Malibu a year ago from New York City, is selling her four-bedroom Hamptons house for $1.5 million, just in time to spend about $2 million for a roughly 1,400-square-foot mobile home in the remarkably upscale Paradise Cove trailer park. Her New York City apartment is still on the market for $2.25 million. Ms. Johnson said she’s also redecorating her villa in Mexico with plans to start renting it out.

    Jaime Lopez Measuring about 2,900-square-feet, the Hamptons house was purchased by Ms. Johnson in 1999 for $695,000. Read More »from Betsey Johnson Trades East Hampton for Malibu’s Paradise Cove Trailer Park

Blog Posts by Simplus Information Services

  • By Rina Chandran

    MUMBAI (Thomson Reuters Foundation) - The Indian makers of a $4 smartphone hope its low price will allow millions of the poorest people to own a mobile phone in a market with only 10 percent penetration.

    But labour rights campaigners worry that push to churn out cheap handsets and tablets may lead to greater abuse of workers' rights in India, the world's fastest-growing smartphone market.

    Ringing Bells' Freedom 251 smartphone, whose launch in February crashed the company's website, is priced at 251 rupees - possibly the cheapest Android smartphone in the world.

    On Thursday, the company's chief executive Mohit Goel said the first shipment of about 200,000 handsets was due next week.

    Ringing Bells pays fair wages to its workers and its pricier models will help offset the cost of the $4 phone, he added.

    "Our vision is to make mobile phones more affordable to the millions of poor Indians

    Read More »from India's $4 smartphone rings alarm bell on workers' conditions, campaigners say
  • Trump: I'm 'flabbergasted' by the meeting between Bill Clinton and Loretta Lynch

    trump hannity(Donald Trump.Hannity/Fox News)
    Donald Trump slammed a recent meeting between former president Bill Clinton and US Attorney General Loretta Lynch, calling it "so terrible" and "one of the big stories" of the year.

    News emerged on Wednesday that Lynch and the former president had met on an airplane parked on the tarmac at an airport in Phoenix after the two had crossed paths.

    Lynch acknowledged the 30-minute encounter to reporters, but said the two mainly discussed his grandchildren and golf, not the Department of Justice's ongoing probe into Hillary Clinton's email usage.

    "It is an amazing thing," Trump said on the Mike Gallagher Show. "And it was really a sneak. It was really something they didn't want publicized as far as I understand."

    "I think it's so terrible. I think it's so horrible. I think it's the biggest story, one of the big stories of this week, of this month, of this year."

    "Even in terms of judgment, how bad a judgment is it for him or for her to do this? I mean, who

    Read More »from Trump: I'm 'flabbergasted' by the meeting between Bill Clinton and Loretta Lynch
  • The BSE Sensex and NSE Nifty are likely to open on flat-to-cautious note on Friday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and firm global cues.

    At 7.59 am (IST), SGX Nifty was down 9.50 points at 8,326.

    Asian peers jumped on Friday as risk appetite continued to recover from last week's Brexit shock, but the pound came under renewed pressure after the Bank of England's governor hinted at an interest rate cut ahead.

    On Wall Street, the Dow Jones Industrial Average index rallied 1.3 per cent on Thursday, posting its third straight days of gains and erasing a bulk of its losses after Brexit. Some of the overnight gains on Wall Street were attributed to hopes for more monetary easing after BOE Governor Mark Carney said on Thursday the central bank would probably need to pump more stimulus into Britain's economy over the summer in wake of the Brexit shock.

    Back home, domestic equity markets on Thursday wiped off their Brexit losses suffered last week by soaring

    Read More »from Pre-markets: Sensex, Nifty may open on flat-to-cautious note; Auto, OMCs in focus today
  • The Rise of Mixed Martial Arts in Asia

    Chatri Sityodtong, chairman of One Championship, discusses the growth of mixed martial arts in Asia, the challenges they face in China and where he sees opportunity. He speaks to Bloomberg's Haslinda Amin on "Trending Business."

    More from Bloomberg.com

    Read The Rise of Mixed Martial Arts in Asia on bloomberg.com

    Read More »from The Rise of Mixed Martial Arts in Asia
  • By Shinichi Saoshiro and Nichola Saminather

    TOKYO/SINGAPORE (Reuters) - Asian stocks rose on Friday as risk appetite continued to recover from last week's Brexit shock, but the pound came under renewed pressure after the Bank of England's governor hinted at an interest rate cut ahead.

    MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4 percent.

    The index has recovered nearly all the losses suffered last Friday when global markets plunged in response to Britain's decision to leave the European Union.

    It has gained close to 3.5 percent since Friday's close on a combination of short-covering and relief that Brexit did not spark contagion in the global financial system like that which engulfed markets during the 2008/09 crisis.

    Japan's Nikkei rose 0.6 percent after the yen surrendered more of the territory gained during the flight to quality seen earlier in the week. It is on track for a 4.8 percent

    Read More »from Asia stocks rise as risk appetite recovers, pound under fresh pressure
  • China official manufacturing survey flat as slowdown weighs

    An official survey of Chinese manufacturing shows that activity was flat last month, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown

    HONG KONG (AP) -- An official survey of Chinese manufacturing shows that activity was flat last month, signaling further weakness in the world's No. 2 economy as it undergoes a prolonged slowdown.

    The survey of factory purchasing managers out Friday eased to 50.0 in June from 50.1 the month before.

    By coming in at the exact midpoint of the 100-point scale, the latest reading on the Chinese Federation of Logistics & Purchasing's survey indicates that factory activity neither expanded nor contracted from the month before.

    A separate private survey released the same day painted a more pessimistic picture of conditions in China's manufacturing sector, which employs many millions of workers.

    The Caixin/Markit index slipped to 48.6 last month from 49.2 in May as production shrank at the quickest pace in four months.

  • Clinton and Lynch met privately at Phoenix airport

    NEW YORK (AP) — Former President Bill Clinton spoke with Attorney General Loretta Lynch during an impromptu meeting in Phoenix, but Lynch said the discussion did not involve the investigation into Hillary Clinton's email use as secretary of state.

    Lynch told reporters that the meeting at a Phoenix airport on Monday was unplanned and happened while the former president was waiting to depart and walked over to the attorney general's plane after she landed there.

    Lynch was traveling with her husband and said her conversation with the former president "was a great deal about his grandchildren" and their travels. The former president, who recently became a grandfather for the second time, told her he had been playing golf in Arizona and they discussed former Attorney General Janet Reno, whom they both know.

    "There was no discussion of any matter pending for the department or any matter pending for any other body. There was no discussion of Benghazi, no discussion of the State Department

    Read More »from Clinton and Lynch met privately at Phoenix airport
  • [$$] Lions Gate’s Latest Deal May Be Starz-Crossed

    The merger that John Malone saw in the Starz is finally coming to fruition. But even the financial benefits of a marriage with Lions Gate Entertainment may not shield the combined company from its harsh strategic reality.

    Lions Gate said Thursday it was buying Starz for $4.4 billion, or $32.73 a share, in cash and stock. The deal, which includes debt, has been long in the making. Liberty Media Chairman Mr. Malone, who controls Starz, took a 3.4% stake in Lions Gate in February 2015 in a swap that gave Lions Gate 4.5% of Starz, representing 14.5% of total voting power.

    The rationale behind the merger has rested on the idea that Lions Gate, whose earnings fluctuate based on its movie studio’s ability to produce hits, could benefit from Starz’s steadier affiliate-fee-based income stream. Meanwhile, Starz, which is vulnerable as a standalone media company in negotiations with distributors, could be bolstered by Lions Gate’s content. Starz also benefits from Lions

    Read More »from [$$] Lions Gate’s Latest Deal May Be Starz-Crossed
  • How Online Lenders Can Finance Home Improvements

    Peer-to-peer lending websites—online marketplaces that match borrowers with investors willing to lend—are an increasingly popular source of cash for home improvements.

    Sites like Prosper, Upstart, SoFi, and LendingClub are mostly known for credit-card debt consolidation and small-business loans. Now, at least one online-loan marketplace, San Francisco-based Prosper, is actively encouraging loans for home improvements, recently announcing a partnership with HomeAdvisor.com, a national website that links homeowners with contractors.

    Unlike a mortgage or home-equity loan/line of credit, marketplace loans don’t have to be secured against a home or other collateral, and the peer-lending websites have less stringent credit-qualification requirements than banks and other traditional lenders. This may appeal to borrowers who can’t qualify for a home-equity loan or line of credit.

    However, peer-lending websites often charge higher interest

    Read More »from How Online Lenders Can Finance Home Improvements
  • Flamboyant fashion designer Betsey Johnson is trading her Hamptons house for a mobile home in Malibu.

    Ms. Johnson, who relocated to Malibu a year ago from New York City, is selling her four-bedroom Hamptons house for $1.5 million, just in time to spend about $2 million for a roughly 1,400-square-foot mobile home in the remarkably upscale Paradise Cove trailer park. Her New York City apartment is still on the market for $2.25 million. Ms. Johnson said she’s also redecorating her villa in Mexico with plans to start renting it out.

    Jaime Lopez Measuring about 2,900-square-feet, the Hamptons house was purchased by Ms. Johnson in 1999 for $695,000. Read More »from Betsey Johnson Trades East Hampton for Malibu’s Paradise Cove Trailer Park

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