Business

Sensex up 75 points on firm global cues; metal, IT stocks shine

Sensex up 75 points on firm global cues; metal, IT stocks shine GDP growth doubled to 0.6 per cent from 0.3 per cent in the second quarter as growth accelerated in most major seven economies, with the exception of the United Kingdom and Germany, where growth slowed in the third quarter, the OECD said. With initial confusions over the likely impact of the demonetization giving way to a clearer picture about the possible consequences emerging, market experts and... [Full Article...]

Authorities: 4 children dead, mom hurt in Indiana house fire

Authorities: 4 children dead, mom hurt in Indiana house fire The fire happened in the 100 block of East Columbia Street in Flora. He was overcome by smoke and heat during an unsuccessful attempt to rescue the girls from the house's second-story. has been absolutely wonderful", Carroll County Sheriff Tobe Leazenby said in a Facebook post. He is in stable condition , Redmon added. Authorities say four children have died in a house fire north of Indianapoli... [Full Article...]

Barclays launches contactless cash withdrawals

Barclays launches contactless cash withdrawals Contactless cards are already widespread in the UK. It will initially be trialled in the North of England and later will be rolled out to around 600 cash machines at over 180 Barclays branches across the country, the bank said. Barclays' launch follows in the steps of Bank of America, which launched contactless withdrawals using Android phones earlier this year. "With contactless cash, customers... [Full Article...]

Police Say Shooting At Oklahoma City Airport Was 'Premeditated'

Police Say Shooting At Oklahoma City Airport Was 'Premeditated' The suspected gunman, 45-year-old Lloyd Buie, was a former employee of Southwest Airlines who had resigned in April 2015. "Obviously he shot himself afterwards", said Paco Balderrama, spokesperson for the Oklahoma City Police. A jet carrying inmates to the transfer site was allowed to land while the rest of the airport was shuttered. Yesterday the Will Rogers World Airport in Oklahoma C... [Full Article...]

India Struggles as Millions Throng Banks to Swap Currency

Eight days since Modi's announcement there was no sign the government had managed to print enough notes to replace its withdrawal of 86 per cent of currency in circulation. One luxury watch outlet in north-west Mumbai saw 45 units of Rolex watches sold on a single day, according to a representative of a watchmaker, who was present when the sales took place. [Full Article...]

Obama administration withdraws from making Trans-Pacific Partnership a reality

The Trans-Pacific Partnership was supposed to be the trade deal of the century. House Speaker Paul Ryan had earlier said he would not bring the legislation to a lame-duck vote. This will be impossible unless the USA, whose GDP accounts for 60%, ratifies it. Ag would gain about $4.5 billion in net exports under the deal. If passed, critics say the deal would make government spying easier by stopp... [Full Article...]

Donald Trump denies claims of chaos and in-fighting among closest allies

Kellyanne Conway, campaign manager for President-elect Donald Trump , speaks to media at Trump Tower, Wednesday, Nov. 16, 2016, in NY. "With his Tuesday night actions, the Trump Administration is shaping up to be the least accessible to the public and the press in modern history", wrote Alexandra Jaffe and Ali Vitali for NBC News . [Full Article...]

Message to Trump? Countries say climate fight 'irreversible'

Kerry drew attention to melting glaciers, stronger storms, and record-breaking droughts as incontrovertible evidence of climate change . "At some point even the strongest sceptic has to acknowledge that something disturbing is happening", Kerry said at a United Nations climate conference in Marrakesh , just a week after Trump's election to the White House. [Full Article...]

Sustained Inflation Rise Required — ECB's Draghi

Sustained Inflation Rise Required — ECB's Draghi He noted that a "sustained adjustment in the path of inflation still relies on the continuation of the current, unprecedented financing conditions". "So monetary policy doesn't need to respond automatically whenever inflation deviates from levels consistent with the definition of price stability", he said. [Full Article...]

Queues seen outside banks, ATMs on second day

It said that consequent to the withdrawal of legal tender character of existing Rs500 and Rs1000 bank notes, it has made arrangements to distribute the notes in new Rs2000 and other denominations across the country. We only have 500- and 1,000-rupee notes which are worth nothing . Arundhati Bhattacharya, Chairperson of State Bank of India, India's largest bank, said in Mumbai that it will tak... [Full Article...]

Harambe's exhibit barrier wasn't up to standards say inspectors

On May 28, a 3-year-old boy slipped through the barrier and a hedge to fall 15 feet into the zoo's Gorilla World exhibit. Harambe pulled the boy along the shallow moat, then stood him up and appeared to inspect his clothes. The Department of Agriculture inspectors said in a report dated June 6 there had been " some slack " in wire cables in the barrier that could have been "manipulated to an eig... [Full Article...]

Professor who tweeted about white gun deaths placed on leave

Professor who tweeted about white gun deaths placed on leave Allred, who is white, was taken to the hospital Tuesday night and released later that night. "He also tweeted about it: ".for exercising my fucking first amendment rights. According to NBC 4 , Allred's comments escalated to the point that he threatened to kill white people. The day after Trump's election victory, Allred Tweeted, "If I see any Trump bumper stickers on the road today, my brakes ... [Full Article...]

Gold now US$100 lower since Trump victory

Gold now US$100 lower since Trump victory US gold futures dipped 0.7 pct to $1208.4 an ounce, after shedding almost 1 percent earlier in the day. Gold steadied early Thursday as the USA dollar retreated from near 14-year highs touched against a basket of currencies the day before. [Full Article...]

Oil steadies as Saudi Arabia says it's optimistic on OPEC deal

Oil steadies as Saudi Arabia says it's optimistic on OPEC deal Analysts said uncertainty over the OPEC deal lingered in the markets and even if the producers' group does reach a deal, the impact is expected to be short lived. - UBS sees Brent oil trading at $55 a barrel in six months as supply and demand rebalance, and at $60 in 12 months, according to an e-mailed report. [Full Article...]

New Zealand: Earthquake Leaves Residents and Tourists Stranded In Kaikoura

New Zealand: Earthquake Leaves Residents and Tourists Stranded In Kaikoura A convoy of 27 military trucks reached the stricken New Zealand town of Kaikoura on Friday, five days after the seaside community was completely cut off by huge landslides caused by a 7.8-magnitude quake that killed two people. The government said on Thursday it would investigate why the newer buildings had been unable to withstand the quake. "It is a concern, people do want to know the building... [Full Article...]

First Solar steps up a gear

First Solar steps up a gear Chief Executive Mark Widmar said earlier this month that if the company can not reduce the cost of the Series 5, it will speed up the introduction of the next-generation Series 6. Considering the shakeup and asset-impairment charges, valued at $500 million to $700 million, First Solar now expects a loss of $2 to $4 a share for the year, but elevated its adjusted profit forecast by 30 cents to a ... [Full Article...]

India on shaky ground in first England Test

England skipper Alastair Cook said scoring his ninth Test century in Asia during the drawn first Test against India made the struggle of being away from his newborn baby "worthwhile". "In the meantime, Gautam got the chances that he got. It is important play against momentum sometimes, it helps you become a better team", said Kohli at the post match presentation. [Full Article...]

Sticky future for oil as IEA warns of 'boom and bust'

In a review of the UK's energy policy, published on Wednesday, leading academics called for a clearer focus on energy in the government's forthcoming industrial strategy, as well as new strategies on heat and energy efficiency, progress on which has been stalled by the scrapping of the "green deal" on home improvements. [Full Article...]

Sensex surges 317 points in early trade on key macro data

Sensex surges 317 points in early trade on key macro data The Nifty , after shuttling between 8,151.25 and 8,060.30, concluded 31.65 points or 0.39 per cent down at 8,079.95, a level last seen on May 26, 2016, when it closed at 8,069.65. The index rose 39.65 points or 0.48% at the day's high of 8,151.25 in early trade. Shares of telecom, teck, IT, finance and banking sectors moved down due to selling pressure, while utilities, power, metal, refinery a... [Full Article...]

Housing starts in United States surge to a nine-year peak in October

Housing starts in United States surge to a nine-year peak in October That was the highest level since November 2015 and the second time so far in 2016 that permits have exceeded 1.2 million units at the annual rate. Permits for single-family homes were up 2.7% to a rate of 762,000. The trend in single-family permits has nudged higher in the past couple of months, but we doubt it will be sustained given the rollover in applications for new mortgages to finance hou... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70  Next »