Markets News 

Samo Holding to expand to 10 production lines by 2020

“During a press conference held on Tuesday, Auf said that the company eyes increasing its sales by 40% to reach EGP 650m in 2020” writes Shaimaa Al-aees for dailynewssegypt.com. According to the company’s CEO Ayman Auf, the company produces 400 products of nuts, nougat, peanut butter, coffee, and dates.Auf noted that the company’s investments in Egyptian market exceeds EGP 150m. Source: dailynewssegypt.com

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Trump blasts Dems for holding impeachment hearing while he’s in U.K.

“President Donald Trump on Monday blasted House Democrats for holding impeachment hearings while he is at a NATO summit in London and claimed Ukrainian President Volodymyr Zelenskiy had cleared him of wrongdoing in an interview published earlier in the day” writes Allan Smith for nbcnews.com. Speaking to reporters as he departed the White House for the summit, Trump said Democrats had “decided” to hold the upcoming hearings at “the exact time” he’s in London. Source: nbcnews.com

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Crypto News 

Germany: New Proposed Law Would Legalize Banks Holding Bitcoin

“At present, German banks and financial institutions are prohibited from facilitating the sale of cryptocurrencies for clients” writes Marie Huillet for cointelegraph.com. A new bill in Germany could enable banks to support the sale and custody of Bitcoin (BTC) and other cryptocurrencies by 2020.While an initial draft of the bill had reportedly included a “separation clause” that would have required banks to make recourse to external cryptocurrency custodians or dedicated subsidiaries, the latest version of the proposed law removes this. Source: cointelegraph.com

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Americans are holding record levels of credit card debt — but still planning a holiday splurge

“Credit experts say holiday season pitches to open store credit cards could exacerbate the problem” writes Martha C for nbcnews.com. At the midpoint of the range, general-purpose credit card APRs are hovering around 21 percent, Rossman said.A new survey finds that a significant number of Americans have more debt, and are increasingly worried about being able to service that debt. Source: nbcnews.com

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SAP founder and chairman sells 100 million euro stake, holding now 6.2%

“BERLIN (Reuters) – Hasso Plattner, co-founder and chairman of German software house SAP, has sold a stake worth around 100 million euros ($111 million), putting a slight dent in his multi-billion-euro holding” writes Midwest Communications Inc for 95kqds.com. The divestment, disclosed in a series of regulatory filings, would reduce Plattner’s holding in Europe’s most valuable technology firm to an estimated 6.2% from the 6.3% disclosed in February of this year, according to an SAP spokesman. Source: 95kqds.com

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The best throw of Dwayne Haskins’ young NFL career was negated by a holding call

“Dwayne Haskins made the best throw of his young career on Sunday, but it didn’t even count” writes Scott Davis for businessinsider.com. In the second quarter, Haskins, making his second career start, got flushed from the pocket by the New York Jets.Unfortunately, the play got called back because of a holding penalty on the Washington Redskins. Source: businessinsider.com

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China says holding ‘in-depth’ talks with U.S. on interim trade deal

“Last week, White House advisers said the Dec. 15 tariffs would probably be averted if a ‘phase one’ trade deal was reached” writes Midwest Communications Inc for 95kqds.com. A Reuters poll of economists showed the trade war is unlikely to see a permanent truce over the coming year.China’s economic growth has further slowed since the trade war erupted last year, expanding at its weakest pace in almost three decades.On Tuesday, U.S. President Donald Trump said a trade deal with China was “close” but offered no details and warned that he…

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Read the internal memo where Publicis Groupe CEO encourages staff after a disastrous third quarter

“The world’s third-largest ad holding company Publicis Groupe had a disastrous third quarter” writes Patrick Coffee for businessinsider.com. These developments came despite a string of recent new business wins that put Publicis agencies at or near the top among global holding company rankings issued by management consultancy R3.In an internal memo obtained by Business Insider, CEO Arthur Sadoun cited several recent wins and said 2020 “has to be the year where we transform [these wins] into organic growth.”.  Source: businessinsider.com

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Crypto News 

Coinbase Cryptocurrency Exchange Opens Tezos Staking to All US Customers

“United States-based cryptocurrency exchange and wallet service Coinbase said today that it has expanded access for staking the cryptocurrency Tezos (XTZ)” writes Joeri Cant for cointelegraph.com. In exchange for locking up their assets in a staking wallet, customers get rewarded with more assets from the network.Kathleen Breitman, co-founder of Tezos, said at the time: After today, all eligible Coinbase customers holding Tezos on the exchange will be able to collect an estimated return for Tezos staking of around 5% per holding period of 35–40 days.Coinbase has been actively expanding its…

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Ryerson Holding Q3 Earnings and Revenues Miss Estimates

“Ryerson Holding (RYI) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.63 per share” writes Zacks Equity Research for nasdaq.com. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions.Ryerson, which belongs to the Zacks Steel – Producers industry, posted revenues of $1.10 billion for the quarter ended September 2019, missing the Zacks Consensus Estimate by 0.56%.Ahead…

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