Google Inc. is converting its Google Shopping site into a paid service for retailers, the Wall Street Journal reports.
Google (NASDAQ: GOOG) will require retailers to bid to display their products on the site, which is free now.
The move, part of Google's effort to bring in more revenue from its search engine, will also affect how Shopping search results are displayed, the report notes.
Google is No. 1 for search, but trails far behind Amazon.com and eBay for shopping searches.
See all your followed company news on your personalized dashboard.
To access the full benefits of bizWatch and receive a weekly email with aggregated news on all the companies you are following, please provide your email address below.
You must have a bizjournals account to follow a company.
Please Log In or Register.
Wholesale Debt Market witnesses trade worth Rs 2,865.07 crore on NSE - Economic Times
Top securities (non-repo) traded at the WDM were: The 8.79 per cent government securities maturing in 2021, which traded at Rs 1015.00 crore at a weighted yield of 8.37 per cent, the 9.15 per cent government securities maturing in 2024, which traded at Rs 590.00 crore at a weighted yield of 8.41 per cent and the 364-days Treasury bills (issue no.190413), which traded at Rs 105.00 crore at a weighted yield of 8.13 per cent.
During the week ended today, the total turnover was Rs 12,207.44 crore and the total number of trades during the week at 516.
The highest amount of trade during the week was at Rs 2,865.07 crore as on today, while the lowest volume Rs 1,956.11 crore as on May 31.
This week, the weighted yield on government securities with a maturity period of 0-3 years, 3-7 years, 7-10 years and more than 10 years was quoted at 8.10 per cent, 8.39 per cent, 8.51 per cent and 8.57 per cent, respectively.
The weighted yields on treasury bills maturing within 90 days was 8.34 per cent, it was 8.36 per cent for bills of 91-182 days tenure, and 8.27 per cent for bills of 183-365 days' tenure.
During the week, the cumulative value of government securities, treasury bills and state government securities trading on the WDM was Rs.10,179.09 crore, trading in Non- Government securities was at Rs 2,028.35 crore, representing 83.38 per cent and 16.62 per cent of the total traded value, respectively, the NSE release said.
Drivers won't benefit from falling oil prices - Citywire.co.uk
The price of oil fell below the $100 a barrel mark on Friday for the first time since last October, but a weaker pound means drivers won’t save a penny at the pumps.
A barrel of Brent crude fell to $98, down from $120 a barrel last month.
The 2p saving drivers should see at the pumps as a result of lower oil prices, however, has been 'knocked out' because the pound has fallen in value by 4% since the middle of May, the AA explained.
'Had the pound remained worth $1.61 instead of around $1.53 now, further falls in the NW Europe wholesale price of petrol (taking it below $1000 a tonne for the first time since January) would have saved drivers a further 2p a litre,' the AA said.
Meanwhile, retailers have also yet to pass on the full 10p a litre saving from previous falls in wholesale prices to drivers.
Drivers have seen a saving of just seven and a half pence per litre at the pumps, Luke Bosdet of the AA explained. So while a weaker pound means they will not benefit from the most recent drop in wholesale prices, they are still owed a two and a half pence saving from the wholesale price falls seen since mid-April.
Yesterday the average price of petrol in the UK stood at 134.92p a litre, down from the record high of 142.8p seen in April. The cost of diesel, meanwhile, has fallen from 147.93p to 140.52p.
Earlier this week, the government warned fuel companies that they were being given 'one last chance' to improve transparency in the market.
Retailers have long been accused of responding to increases in wholesale prices much more quickly than price falls – prices shoot up like a rocket and fall like a feather, said Bosdet.
Transport secretary Justine Greening has now ordered retailers to set up a code of practice that allows drivers to monitor changes in petrol and diesel prices. If they don't, the government has said it will implement legislation.
Retailers claim that the industry does not understand the complex pricing mechanism, said Bosdet. Yet this fall in the price of oil is a perfect example of why greater transparency in the market would benefit suppliers as well as drivers.
On the one hand transparency would show drivers that a quarter of the savings from the original fall in wholesale prices was yet to be reflected at the pump, while on the other retailers and suppliers accused of pocketing the benefits of falling oil prices, would be able to defend themselves as to why a weaker pound means there will be no added savings.
No comments:
Post a Comment