Economy

Author: 0 Sensex slips a tad ahead of RBI policy move

Major losers were SBI, ICICI Bank , HDFC Bank, Axis Bank, HDFC Ltd, Maruti Suzuki, Bajaj Auto , Hero MotoCorp, Tata Steel , ITC Ltd and Wipro . "RBI's neutral stance despite firm inflation expectations, and recent falls rendering stocks attractive, whetted the appetite of buyers", said Anand James, chief market strategist, Geojit Financial Services.

Economy Uber-Waymo case: Dramatic turn as judge says Uber lawyers withheld evidence
Author: 0 Uber-Waymo case: Dramatic turn as judge says Uber lawyers withheld evidence

Waymo on Tuesday secured the delay of a trial against Uber over driverless vehicle technology that had been scheduled to start on December 4. To view the full article, register now. On Tuesday, Alsup delayed it so Waymo can have more time to gather evidence. "Given Uber's consistent failures to meet its discovery obligations in this case, and apparent misrepresentations to this court, Waymo has no choice but to seek a continuance of the trial date to enable Waymo to take additional ...

Economy Small Business Saturday Gives Back To The Community
Author: 0 Small Business Saturday Gives Back To The Community

Small Business Saturday was started by American Express in 2010. And her store will be open from 8 a.m.to 5 p.m., on Small Business Saturday. While major chains take in huge revenue on Black Friday, Kimerling says he hopes to do about 20 percent more business than usual on Small Business Saturday.

Economy Amazon CEO Jeff Bezos now worth $100 bn
Author: 0 Amazon CEO Jeff Bezos now worth $100 bn

Thanks to Black Friday , as quoted from Business Insider , Saturday (11/24/2017), Bezos is the first person in the modern era with a wealth of more than $100 billion or equivalent to IDR1,330 trillion. Back in August alone, Gates donated 5% of his net worth to charity, making it a lot easier for Bezos to pass him on the "rich as fuck" scale. But as the company continues to grow, Mr Bezos has seen his wealth increase by $32.6bn in the a year ago alone.

Economy CBS, Dish settle after millions miss Cowboys-Chargers game
Author: 0 CBS, Dish settle after millions miss Cowboys-Chargers game

Dish had offered free digital antennas and installation to its subscribers in the affected markets so they could continue to watch CBS programming and gave them the option to drop their local channels from their programming package, saving $10 on their monthly bill.

Economy Rogers trumpets tax reform bill
Author: 0 Rogers trumpets tax reform bill

In a statement November 17, Bishop Dewane cited findings by the nonpartisan congressional Joint Committee on Taxation that show the bill's raising of taxes on the working poor beginning in 2023 while giving simultaneous tax cuts to the highest-income Americans is problematic.

Economy Moody's raises India rating, cites Modi's economic reforms
Author: 0 Moody's raises India rating, cites Modi's economic reforms

Furthermore, Jaitley said the steps taken by the government in the last few years have contributed to the strengthening of the Indian economy, which ultimately lead to the upgradation. "Longer term, India's growth potential is significantly higher than most other Baa-rated sovereigns", it said. Rajnish Kumar, the chairman of the country's largest lender State Bank of India, said that over time, this would reduce the borrowing costs of the government and financial institutions and result in ...

Economy Rhode Island unemployment rate remains at 4.2 percent
Author: 0 Rhode Island unemployment rate remains at 4.2 percent

However, looking at the year overall, employment was up by 1,000 and unemployment dropped by 58,000. The labour force declined by about 4,900, from 3.965m in July to September to 3.960m in August to October 2017, according to China News .

Economy In One Hour, Alibaba's Singles Day Sales Exceed $10 Billion
Author: 0 In One Hour, Alibaba's Singles Day Sales Exceed $10 Billion

USA singer and producer Pharrell Williams, British pop star Jessie J and other celebrities will help launch this year's November 11 "Singles' Day", Chinese e-commerce company Alibaba said. Alipay processed 1.5 billion payment transactions in total, up 41% from 2016, and processed 256,000 transactions per second at peak. But environmentalists accuse Alibaba and other e-tailers of fuelling a culture of excessive consumption and mountains of waste.

Economy London Living Wage rises to £10.20 an hour
Author: 0 London Living Wage rises to £10.20 an hour

Lidl's wage rise means the discounter is paying its United Kingdom employees a greater hourly wage than all its supermarket rivals, including the "Big Four", which are in the process of slashing jobs to cover higher employment costs. Lidl has announced that it will be increasing wages of more than 16,000 of its employees next year, as a result of a bump in the living wage. More than 150 employers have become accredited to the living wage in recent weeks including the National Gallery, the ...

Economy Wells Fargo reports profit decline due to legal costs
Author: 0 Wells Fargo reports profit decline due to legal costs

The stock increased 2.06% or $0.46 on October 12, reaching $22.54. Wells Fargo & shares last traded at $53.69, with a volume of 35,308,653 shares changing hands. The firm earned "Buy" rating on Wednesday, August 30 by RBC Capital Markets. Capital Research Global Investors raised its holdings in shares of Wells Fargo & by 19.7% in the second quarter.

Economy Samsung Electronics Co CEO resigns
Author: 0 Samsung Electronics Co CEO resigns

Oh-Hyun Kwon will leave not only that post but also his positions as CEO of Samsung Display, head of the company's components arm, and Vice Chairman. But Samsung did not celebrate the news for long, following up the rosy earnings guidance by announcing the resignation of a top executive. "It has not been an easy decision, but I feel I can no longer put it off", Kwon said in his letter.

Economy Chicago's soda tax repealed, in blow to 'nanny-state crusade'
Author: 0 Chicago's soda tax repealed, in blow to 'nanny-state crusade'

Chicago and many suburban areas - board committee voted 15-2 to repeal the tax, which charged individuals a penny per ounce of pop. Healthy Food America's executive director Dr. "Today's events also underscore the fact that the beverage industry, with its virtually unlimited financial resources, will stop at nothing to halt or overturn beverage taxes that threaten its profits and its ability to market sugar-sweetened drinks to the communities it claims to care about".

Economy India's Renewable Energy Capacity to Double by 2022
Author: 0 India's Renewable Energy Capacity to Double by 2022

The IEA addressed the proposed tax plan, saying "the current uncertainty over proposed federal tax reforms, global trade, and energy policies could have implications for the relative economics of renewables and alter their expansion over the forecast period".

Economy Tesco unveils first dividend since accounting crisis
Author: 0 Tesco unveils first dividend since accounting crisis

Shareholders will be cheered by news that the supermarket giant has re-introduced a 1p per share interim dividend payment, the first time since 2014/15, equating to around a 3p dividend for the whole year. ETX Capital analyst Neil Wilson said Tesco's drive to keep down prices was giving the company "an edge over the other big players in terms of coping with discounters", such as growing German players in the United Kingdom market, Aldi and Lidl.

Economy Ford in strategic switch away from traditional vehicles
Author: 0 Ford in strategic switch away from traditional vehicles

Ford plans to boost its strength in electric vehicles , after recently announcing a dedicated electrification team within the company. Marakby said Team Edison will be "cross-functional", handling everything from marketing to engineering to determining Ford's overall electric-vehicle strategy.

Economy Kent's Henry Bolton becomes latest Ukip leader
Author: 0 Kent's Henry Bolton becomes latest Ukip leader

Based in Folkestone, the former soldier and police officer was considered to be a front-runner in the contest and had seen the odds on him winning fall dramatically in recent weeks. Bolton distanced himself from the anti-Islam direction advocated by Waters and to a lesser extent by the early favourite, Peter Whittle, who finished a surprise fifth in the contest.

Economy Jumbo jet makes emergency landing after engine blowout
Author: 0 Jumbo jet makes emergency landing after engine blowout

Air France flight AF66 from Paris to Los Angeles declared a mayday while flying over the Atlantic, and landed safely at Goose Bay Airport in Labrador a short while ago. They said one of the engines had been "seriously damaged". The re-routing has taken place so that the flight passed over Greenland, the aircraft landed at Goose Bay at 17h42 gmt, said the spokesman.

Economy Theresa May threatens U.S. with trade war over Bombardier row
Author: 0 Theresa May threatens U.S. with trade war over Bombardier row

But Boeing conceded no ground, accusing Bombardier of illegally dumping its products in the US single-aisle airplane market out of desperation. "The magnitude of the proposed duty is absurd and divorced from the reality about the financing of a multibillion-dollar aircraft program", Bombardier said .

Economy Unilever to Buy Cosmetics Firm Carver Korea in a $2.71 Billion Deal
Author: 0 Unilever to Buy Cosmetics Firm Carver Korea in a $2.71 Billion Deal

Political tensions between Korea and China, however, have had an adverse effect on some Korean brands - retailer Lotte, for example, has announced it will sell a number of its Chinese stores with the possibility of withdrawing from the country completely - and analysts appear divided on how this will play out in the beauty sector.

Economy Budget airline Ryanair cancels 2000 flights, CEO admits issue was badly handled
Author: 0 Budget airline Ryanair cancels 2000 flights, CEO admits issue was badly handled

O'Leary told Ryanair's Annual General Meeting that it did not have sufficient spare pilots for September, October and November to ensure smooth operations and was considering forcing some pilots to change their annual leave plans. "We would like to advise that with immediate effect, the pilot workforce at the bases [airports] listed below rescind the goodwill that has been extended toward the company for many years, including working days off and turning up early".

Economy Oil prices rise toward $56 as demand outlook brightens
Author: 0 Oil prices rise toward $56 as demand outlook brightens

Futures jumped 1.2 per cent in NY, and closed just 11 cents shy of the US$50 mark. OPEC and a number of other producers including Russian Federation agreed a year ago on production cuts to ease a global supply glut, but prices haven't risen much above $50 per barrel as compliance has been a problem.

Economy China plans to completely ban petrol and diesel cars
Author: 0 China plans to completely ban petrol and diesel cars

China's Ministry of Industry and Information Technology will work out the timetable for the ban. Both countries have aimed to outlaw the sale of conventional petrol and diesel cars and vans by 2040 - though hybrids will still be permitted.

Economy Google Appeals Against 2.4-billion Euro Fine by European Union
Author: 0 Google Appeals Against 2.4-billion Euro Fine by European Union

Google has already submitted a rough draft to regulators over changes it must make by September 28 to avoid further fines, which should include giving equal treatment to rivals. It is anticipated to take years before the Luxembourg-based General Court rules on the case. It denied other companies the chance to compete on the merits and to innovate.

Economy US House sends self-driving auto bill to the Senate
Author: 0 US House sends self-driving auto bill to the Senate

The newly passed bill is created to accelerate the timeframe for allowing self-driving vehicles to be on the roads for testing without humans behind the wheel. A 2014 report from the administration says traffic crashes account for $836 billion in economic loss, with human error responsible for 94 percent of crashes.

Economy Number two at US Federal Reserve to step down
Author: 0 Number two at US Federal Reserve to step down

His unexpected departure adds to a leadership vacuum at the top of the Fed as it navigates a hard path. Yellen and Director of the National Economic Council Gary Cohn are among contenders to lead the central bank next year, according to US media.

Economy California governor declares state of emergency for wildfire
Author: 0 California governor declares state of emergency for wildfire

Though mandatory evacuation orders were imposed, many Lumpkin Road residents elected to shelter in place, Chavez said. Thousands of people have been driven from their homes in OR and hundreds in California, where a blaze burned 10 homes and threatened 500 more near a hard-hit community and another kept a popular road to Yosemite National Park closed.

Economy USA economy creates fewer jobs than expected in August
Author: 0 USA economy creates fewer jobs than expected in August

Over the past year, wage growth has increased at a rate of 2.5%, which is a solid number. "Hurricane Harvey had no discernable effect on the employment and unemployment data for August", the report stated. Pay raises typically average 3.5% to 4% when the unemployment rate is this low. Lewis Alexander, chief USA economist at Nomura, said low productivity growth and other structural factors will hold down overall economic growth in a Friday research note.

1 2 3 4 5 6 7 8 9 10