Markets

by | December 24, 2018 | 02:42

GST on movie tickets costing up to Rs 100 was cut to 12 per cent, from 18 per cent, tickets over Rs 100 will attract 18 per cent GST, against 28 per cent earlier. The Finance Minister said that there will be no GST cut on cement and auto parts. On Tuesday, Modi said the government was planning to cut the number of items taxed at the highest rate so that over 99% of items, with the exception of luxury goods, come under 18% or lower rates.

by | December 23, 2018 | 00:33

The S&P 500 declined 1.6%. December is generally the strongest time of the year for us stocks . The strong U.S. dollar also has made American goods more expensive. World's second-largest stock exchange lost almost 3 percent, bringing its losses to 20 percent from its previous high. And investors fled risky stocks.

by | December 23, 2018 | 00:21

The Dow slipped as far as 679 points during Thursday's trading session. The index broke 23,000 in its downward slide for the first time in over a year on Thursday and shows no sign of bouncing back anytime soon, having lost a total of 1,655 points in its worst week since October 2008.

by | December 23, 2018 | 00:18

That's the e-cigarette maker that dominates the vaping market here in the US, and which some public-health advocates worry is getting another generation hooked on nicotine. Benefiting from a rise in the number of youths taking to e-cigarettes, the startup is on track for US$2 billion in annual revenue. And he worries that the new giant will fight off efforts by the FDA to limit what the agency calls an epidemic of teen vaping.

by | December 22, 2018 | 02:18

US officials say Washington's withdrawal from the pact was prompted by Russian violations of the treaty, which Moscow vehemently denies. Putin has previously said that Russian Federation would be forced to train its own missiles on any European countries that host US rockets.

by | December 22, 2018 | 01:27

Ken Hu defended Huawei, saying these countries were only trying to block out the company because it is their strongest competition. A number of countries have moved to ban the company from selling its equipment there, while operators including BT, SoftBank and Deutsche Telekom are reportedly reconsidering the use of Huawei equipment for 5G.

by | December 21, 2018 | 10:25

Instead, the campaign says it intends to donate the money raised to legal services to underserved immigrant children, families, and refugees though the Refugee and Immigrant Center for Education and Legal Services (RAICES), a Texas-based nonprofit.

by | December 21, 2018 | 09:28

Health-care stocks were under pressure after a Federal judge ruled that Obamacare unconstitutional. The presumed rate hike drew the ire of President Donald Trump on Monday, as he fired off a tweet criticizing the Fed. Shares of Goldman Sachs Group Inc dropped 2.8 percent to a two-year low after Malaysia filed criminal charges against the bank in connection with an investigation into suspected corruption and money laundering involving the sovereign wealth fund 1MDB.

by | December 20, 2018 | 02:29

Revealed from a cache of 270 internal Facebook documents, the report revealed that Facebook gave Netflix and Spotify the ability to read users' private messages and let Amazon access usernames as well as contact information through friends.

by | December 19, 2018 | 03:22

He chose to take action after the police said they were unable to investigate the case. We hope you enjoy this video as much as we did - because it's just so good. It starts spinning when the thief opens the box. Since police won't do anything, one brilliant YouTuber named Mark Rober made a decision to take matters into his own hands - with a GLITTER BOMB! As of Tuesday afternoon, the video had more than 11 million views.

by | December 19, 2018 | 02:04

In a tweet , President Trump advised the Fed to "feel the market" and not to "just go by meaningless numbers". In an interview with Reuters last week, Trump said he needed the flexibility of lower rates to support the broader United States economy as he fights a growing trade battle against China, and potentially other countries.

by | December 19, 2018 | 01:58

Our 2019/23 production floater forecast is based on oil trading in this price range over the next five years. Finally, prices are also being supported by a recovery in USA equity markets, which were underpinned by reports that China was preparing to lower tariffs on automobiles.

by | December 18, 2018 | 00:54

The company has lease agreements at 315 and 345 Hudson Street in New York City as well as a letter of intent to lease space at 550 Washington Street . The move is a major part of Google's expansion plans in the city that will let it more than double its headcount in NYC, to over 14,000 workers, over the next decade.

by | December 18, 2018 | 00:48

Farming Inc. of Santa Maria California have been recalled. A farm on California's Central Coast linked to the massive E. coli outbreak involving romaine lettuce has announced a recall of cauliflower and other types of lettuce as a precaution, CBS SF Bay Area reports .

by | December 15, 2018 | 02:45

The arrests came days after Canada detained a top Chinese business executive sought by the United States on fraud charges. As of Wednesday, Canadian authorities had been notified, by fax, only of Kovrig's arrest. The detention of two Canadian citizens in China is unacceptable and they must be returned, US Secretary of State Mike Pompeo said during a press briefing on Friday with Secretary of Defense James Mattis and their Canadian counterparts.

by | December 14, 2018 | 02:00

But China has been out of the market since Beijing imposed a tariff on USA soy imports in July, pushing prices of the oilseed to decade-lows. The sources said the White House was delaying its approval mainly on hopes China will soon resume purchases of soybeans, something that has raised questions over what extent of aid will be necessary.

by | December 13, 2018 | 03:05

Energy Secretary Perry made a two-stop Middle East visit in the weekend, and held bilateral meetings with al-Falih, and the CEO of Saudi Aramco and other energy industry stakeholders operating in Saudi Arabia . Oil edged higher after a USA industry report signaled a bigger-than-expected draw in crude inventories last week. Saudi Arabia will be the country to witness the most significant drop in oil production among OPEC member countries.

by | December 13, 2018 | 01:50

The tampons are sold at retailers in the US and Canada. - A voluntary recall has been issued for some Kotex tampons after several complaints that the tampons have come apart during use and even caused some infections. People with the tampons should stop using them immediately and seek medical help if they begin to suffer any symptoms. The company did not specify how many women have been affected.

by | December 13, 2018 | 01:48

Why was he even asked this? Google CEO Sundar Pichai testifies before the House Judiciary Committee at the Rayburn House Office Building, in Washington, D.C., on December 11. "I've got an iPhone", Poe said, waving his device. While Pichai has denied any political bias in Google products, several Republican lawmakers appeared unsatisfied with his answers.

by | December 12, 2018 | 17:15

A top executive of Chinese tech giant Huawei Technologies has returned to a Canadian court to fight for her freedom. Meng's arrest also caused fallout on world stock markets but the USA and China have tried to keep the case separate from their wider trade dispute and suggested Tuesday that talks to resolve their differences may resume.