Markets

Markets GST rates slashed on several products
Author: 0 GST rates slashed on several products

The minister also said that there would be a special meeting of the GST Council on August 4 to discuss in detail ways to promote MSME and small industries and to promote digital payment systems among more people, especially the rural and the poor.

Markets Embraer scores on Day 2 of Farnborough Air Show
Author: 0 Embraer scores on Day 2 of Farnborough Air Show

Day two also went well for Boeing who signed an order with GECAS for 35 737-800 Boeing Converted Freighters along with 20 Boeing 737 Max 8's for Aviation Capital Group. Global air freight demand grew by almost 10% previous year with demand growth outpacing capacity growth by a factor of three. Since entering service in 2011, the 787 family has allowed airlines to launch more than 180 new nonstop routes around the world.

Markets Blaming Xi for blocking trade deal is bogus
Author: 0 Blaming Xi for blocking trade deal is bogus

Kudlow on Wednesday implied Jinping is refusing to heed Trump's calls to alter China's technology transfer and other trade policies. While Beijing described those latest threats as "totally unacceptable", Trump administration officials continued to demand China reform its hardline trade negotiating tactics and curtail the theft of American technology and intellectual property, a major campaign pledge of President Trump.

Author: 0 Trump again slams Fed, trading partners

In a statement to news channel CNBC , the US President said, "I'm ready to go 500", alluding to the United States dollars 505.5 billion in Chinese imports into the US in 2017. The Federal Reserve was created in 1913 to provide stability to US currency. When it came to interest rates, Nixon told his advisers "we'll take inflation if necessary, but we can't take unemployment".

Markets Trump threatens to slap tariffs on all $505bn of Chinese imports
Author: 0 Trump threatens to slap tariffs on all $505bn of Chinese imports

Markets around the world lost ground on the comments . I want them to do well. President Trump isn't happy with the Federal Reserve-but the fact that he said so is surprising. The last known example of U.S. presidential strong-arming came when George H W Bush was fighting for re-election. The dollar index fell immediately after the remarks were broadcast and on Friday morning, a stronger yen saw Tokyo shares edge down 0.5 per cent.

Markets Microsoft beats 4Q expectations as annual revenue tops $100 billion
Author: 0 Microsoft beats 4Q expectations as annual revenue tops $100 billion

Microsoft looks to continue investing in games as a service now that they're working on a game streaming service that will stream console-quality games to any device, such as Xbox consoles, PCs and phones. And Dynamics products and services sales were up 11 percent. Switching gears to the More Personal Computing category, revenue increased by 17 percent, moving up to $10.8 billion.

Author: 0 'Not thrilled' with interest rate hikes

He went on to criticize the declines in the euro and the Chinese yuan, contending the Fed rate increases put the U.S.at a disadvantage. Markets around the world lost ground on the comments . "Currency is now part of the trade war folks", said Greg McKenna, chief market strategist at AxiTrader. The Fed is now chaired by Trump appointee Jerome Powell , whom Trump described as 'a very good man'.

Markets USA oil inventories increase in week ending July 13
Author: 0 USA oil inventories increase in week ending July 13

The US had asked all other nations to cease the import of oil from Japan by November. Oil prices dropped on Wednesday after an industry group reported that us crude inventories rose last week, defying analyst expectations for a significant reduction.

Markets Google finds friend in Trump amid European Union battle
Author: 0 Google finds friend in Trump amid European Union battle

A spokeswoman for Google did not immediately respond when asked for comment on Trump's tweet. European Union officials on Wednesday also ordered Google to stop using its popular Android mobile operating system to block its rivals, adding to trade tensions between Washington and Brussels.

Markets British FM urges MPs to rethink Brexit strategy
Author: 0 British FM urges MPs to rethink Brexit strategy

In response to this, the government says joining a customs union would mean the United Kingdom would still have to apply external tariffs to other trading partners and so would stop the United Kingdom striking new trade deals around the world [VIDEO ] after Brexit.

Markets Inflation holds firm as retail offsets energy and fuel hikes
Author: 0 Inflation holds firm as retail offsets energy and fuel hikes

Economists were expecting inflation to rise to 2.6%. Underlying inflation rose by 1.9% on a year-over-year basis, slowing from 2.1% in the previous month and missing forecasts of 2.2%. "Transport [as a contributor to headline CPI] increased from 0.7 of a percentage point in May 2018 to 1.0 percentage points in June". While the WPI is no longer the primary focus in the Reserve Bank of India's inflation-targeting approach to monetary policy formulation - having ceded that role to the Consumer ...

Author: 0 Jeff Bezos' Blue Origin launches spacecraft higher than ever

Although Blue Origin is yet to provide details, it is understood the company has already purchased the first landing ship for returning New Glenn boosters. Blue Origin's New Shepard booster on its launch pad in West Texas. Last week, it was reported that the firm's space trips could cost at least $200,000.

Markets Papa John’s founder: Stepping down as chairman a
Author: 0 Papa John’s founder: Stepping down as chairman a "mistake"

In a letter to Papa John's board of directors obtained by the Wall Street Journal , Schnatter called his decision to resign under pressure "a mistake" and criticized the board for pushing him to step down without a proper investigation. "I, of course said no - which is a truthful statement as those of you who know me well will attest and of course, if you felt otherwise you would not be sitting on the Papa John board".

Markets Papa John's says founder resigned as chairman of the board
Author: 0 Papa John's says founder resigned as chairman of the board

Papa John's announced Wednesday evening that Schnatter had resigned from the company's chairman seat. Per Forbes: "On the May call, Schnatter was asked how he would distance himself from racist groups online". It hasn't been the best year for Papa John's or its founder John Schnatter . Papa John's will appoint a new chairman in the coming weeks. Papa John's shares fell almost 5 percent Wednesday after the report, closing at $48.33.

Markets Elon Musk calls the cave diver who insulted him a
Author: 0 Elon Musk calls the cave diver who insulted him a "pedo"

Musk vented his anger through the social media platform after Unsworth said Musk should "stick his submarine where it hurts" . "He's just a PR stunt merchant - that's all he is", he said. Just over one week ago, Elon Musk tweeted that engineers from his SpaceX and Boring Company were heading to Thailand to "see if we can be helpful" to the government.

Author: 0 Netflix Shares Crash After New Subscriptions Fall Short of Expectations

Revenue rose 5.6 percent, to $3.91 billion. Netflix had an average of 124.4 million paying subscribers in the quarter, up from 118.9 million in the first quarter but below its guidance of 125 million. While most of the company's revenue growth comes from global markets, the vast majority of its costs remain dollar-denominated. The company did roughly meet analyst expectations on earnings, at $3.91 billion compared to estimates of $3.94 billion.

Markets Chinese president eyes closer China-EU partnership
Author: 0 Chinese president eyes closer China-EU partnership

Chinese Ambassador to the European Union wrote in a Chinese newspaper editorial on Sunday before the talks: "I hope during the summit China and the European Union will consolidate consensus and trust... The WTO has "not worked well, or not as well as it was meant to work when China was brought into the WTO in the year 2000", Treasury Undersecretary for International Affairs David Malpass said at an event in Washington on Monday.

Author: 0 Trump hits back at Canada for retaliating against tariffs with WTO complaint

Nonetheless, European officials suggest that Trump, who has also targeted Europe with tariffs, has created a widow of opportunity to show that EU-China relations can be a bulwark for global trade. Leaders failed to find sufficient consensus for a joint statement after meetings in 2016 and 2017. Forecasters say if the first United States round of tariffs, implemented on 6 July, is expanded to cover another $200bn of goods as Trump has threatened, China's economy could lose 0.4 percentage ...

Markets Papa John Founder Offers Horrible Excuse For Why He Used N Word
Author: 0 Papa John Founder Offers Horrible Excuse For Why He Used N Word

John Schnatter quits as chairman after using racial slur during a conference call on how to handle controversial situations. Not long after he resigned from Louisville's board he resigned as the chairman of the board of the pizza company. and a resurgent Pizza Hut eat into its market share. The chain has said it's trying to appeal to more cash-strapped customers by pushing discounted fare.

Markets Amazon wants everyone to sign up for Prime before Prime Day
Author: 0 Amazon wants everyone to sign up for Prime before Prime Day

Both models are already available at just Rs 500 more than their offer price, which is said to be effective during the Prime Day sale. To ensure you don't end up buying a lot of things you don't need, it's better to decide what you want. The app also lets you get notifications when there are deals on items in your watchlist, track your packages, and manage your shopping list. Amazon will continue adding more cities.

Markets Amazon Prime Day: Big discounts and special deals in summer sale
Author: 0 Amazon Prime Day: Big discounts and special deals in summer sale

Using the app, click into the menu section in the upper left corner and choose "Today's Deals", then click the "Upcoming" tab. You get two TCL TVs for the price of one. Other deals include 30 percent off its Mama Bear diapers and baby products. Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods.

Markets Furious Elon Musk calls Thailand cave rescue diver a 'pedo'
Author: 0 Furious Elon Musk calls Thailand cave rescue diver a 'pedo'

Musk then shipped the submarine out to Thailand , commenting that it was ready to be used if and when it was needed. The Elon Musk story took a freaky turn Sunday morning, as the world famous entrepreneur took to Twitter to suggest a critic of his submarine rescue plan is a pedophile.

Markets 5 things to know about Tesla's China plans
Author: 0 5 things to know about Tesla's China plans

The other is which manufacturer Musk will pick to supply the cells that Tesla turns into battery packs. The Model 3 was created to be Tesla's first mass-market vehicle, meant to broaden the company's customer base beyond the luxury segment and increase the rate of electric-vehicle adoption.

Markets USA ban on China's ZTE lifted
Author: 0 USA ban on China's ZTE lifted

Department of Commerce lifted its ban preventing China's ZTE from receiving goods from U.S. companies. But the move to reverse the harsh penalties, made at President Donald Trump's insistence, has left U.S. The Commerce Department had said it would remove the ban after ZTE paid a $1 billion (761.73 million pounds) penalty and placed $400 million in a USA bank escrow account as part of a settlement reached last month .

Markets McDonald's salads have now sickened people in 6 states
Author: 0 McDonald's salads have now sickened people in 6 states

A parasite that health officials are linking to McDonald's salads has now spread to six states, including Iowa . It has prompted the fast-food restaurant chain to pull salads from stores in IL and in, as well as Iowa, Kentucky, Michigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, South Dakota, West Virginia and Wisconsin, it said.

Markets More than 90 cases of food parasites possibly linked to McDonald’s salads
Author: 0 More than 90 cases of food parasites possibly linked to McDonald’s salads

McDonald's says it is in the process of removing these salads from its restaurants and distributions centers. More than 100 people have been infected with a parasitic outbreak from consuming McDonald's salads. The CDC said as of Friday, it confirmed 227 cases of cyclosporiasis in people in Iowa, Minnesota, Wisconsin and MI who consumed now-recalled Del Monte vegetable trays.

Markets The Department of Justice isn't done fighting the AT&T-Time Warner merger
Author: 0 The Department of Justice isn't done fighting the AT&T-Time Warner merger

It said it was "surprised" by the government's decision and "ready to defend the court's decision". The government's court filing did not disclose on what grounds it intends to challenge the approval. Judge Leon ruled , "Ultimately, I conclude that the Government has failed to meet its burden to establish that the proposed 'transaction is likely to lessen competition substantially".

Markets Massive lines shut down Build-A-Bear's first Pay Your Age event
Author: 0 Massive lines shut down Build-A-Bear's first Pay Your Age event

The promotion promised that shoppers could get any furry friend for the price of your age at Build A Bear Workshop . The company said each store is facing different challenges and are working with local authorities to find solutions. The promotion also reportedly shut down stores in the United Kingdom because of mile-long lines and overwhelming demand. "We understand some Guests [sic] are disappointed and we will reach out directly as soon as possible", the statement read.

Markets China's June exports jump, surplus with USA at record high
Author: 0 China's June exports jump, surplus with USA at record high

China's trade surplus with the United States, which is at the center of the tariff tussle, widened to a record monthly high of $28.97 billion, up from $24.58 billion in May, according to Reuters calculations based on official data going back to 2008.

Markets Economists predict Brent crude to stay between $72 and $80
Author: 0 Economists predict Brent crude to stay between $72 and $80

The price for Brent crude oil , the global benchmark for the price of oil, was down 2.1 percent as of 9:18 a.m. EDT to $77.19 per barrel. Total volume traded was about 9% below the 100-day average. Although the North American pricing benchmark WTI's discount against Dubai and Brent crudes narrowed sharply in recent weeks, Asian refiners may continue to favor United States crude, if the suppliers continue to offer attractive prices on a CFR basis.

Markets Supermarkets recall frozen vegetables over contamination fears
Author: 0 Supermarkets recall frozen vegetables over contamination fears

Woolworths has withdrawn a Frozen Savoury Rice Mix following a worldwide product recall issued by the Hungarian food safety agency . Listeriosis is an illness usually caused by eating food contaminated by bacteria which can grow in food at refrigeration temperatures, the department said.

Markets Its unfortunate: Iran says India didnt keep Chabahar investment pledge
Author: 0 Its unfortunate: Iran says India didnt keep Chabahar investment pledge

A senior Iranian diplomat has warned India that Tehran will end "special privileges" for New Delhi if it attempts to replace Iranian crude with supplies from Saudi Arabia, Russia and the United States, PTI reported. The Trump administration has moved in recent months to impose penalties on Iranian individuals and entities, and senior US officials have said that Washington has begun pressing other countries to end Iranian oil imports by November.

Markets China vows retaliation for latest U.S. tariff threat
Author: 0 China vows retaliation for latest U.S. tariff threat

Stock markets around the globe fell as the latest U.S. announcement and the Chinese response indicated a deepening and protracted trade conflict between the world's two largest economies that could hit global trade and growth. "They are a vital trading partner, and we need to continue to do business with China without the sting of these tariffs", said American Soybean Association President John Heisdorffer in a news release .

Markets Erdogan names army chief top general in military shake-up
Author: 0 Erdogan names army chief top general in military shake-up

Marc Pierini, a former European Union ambassador to Turkey and a visiting scholar at Carnegie Europe, said Erdogan's new powers would effectively make him a "super-executive president". It stood at 4.5655 against the dollar at 1508 GMT, strengthening slightly from Friday's close of 4.5745. Mr Erdogan has largely ruled by fiat since 2016, when he imposed a state of emergency on the country in response to a failed coup attempt against him.