Finance

by | August 01, 2017 | 22:57

There have been reports that Snapdeals decision to walk away from the Flipkart deal and instead pursue an independent path has not gone down well with a section of shareholders. From an operational perspective, the Snapdeal buyout made little sense for Flipkart. The two players have been locked in an intense battle for leadership in the Indian market and have been pumping in millions of dollars to strengthen infrastructure as well as bring more sellers and buyers online.

by | August 01, 2017 | 22:55

The numbers came a week after the International Monetary Fund (IMF) said the eurozone was strengthening, but warned of instability around Brexit and low inflation rates. Doubts over Donald Trump's ability to push through any sort of meaningful policy changes and a pushing back of expectations for Federal Reserve rate hikes has now seen the Dollar index relinquish nearly 9% of its value since the beginning of March alone.

by | August 01, 2017 | 22:53

Diamond, who knows his way around a golf course, also helped his pal with his shaky putting a year ago. "He reminded me who I was, basically". McIlroy is expected to compete at this week's Bridgestone Invitational in Akron, Ohio, and then the PGA Championship is in two weeks at Quail Hollow in North Carolina.

by | August 01, 2017 | 22:52

Although free cash flow was down $392 million versus an increase of $1.14 billion in the first quarter of 2017, that's only because Sprint culled its debt issuance by $2.3 billion year-over-year, retiring more than it issued in the recently completed quarter.

by | August 01, 2017 | 22:51

As part of changes to the bank΄s management structure confirmed in March, Flint will be replaced by Insurance group AIA Chief Executive Mark Tucker in October, while Gulliver will step down in 2018. "You could argue there is a more focused, logical, cohesive set of businesses that remain and there is absolutely growth" on show at HSBC now, Gulliver said on a call with analysts.

by | August 01, 2017 | 22:52

It broke previous record closing of 10,077.10 hit yesterday. Expectations are building that the RBI would take note of the softening inflationary trend and ease policy at its upcoming meet on Wednesday. Hero MotoCorp, M&M, Bajaj Auto and Tata Motors cruised. Maruti Suzuki rose as much as 2.2 per cent to touch an all-time high, after reporting a 21 per cent increase in July sales.

by | August 01, 2017 | 22:51

Russian President Vladimir Putin had approved the move, according to his spokesman, Dmitry Peskov. "Russian President Vladimir Putin , speaking ahead of the Senate vote, accused US lawmakers of 'insolence' and promised retaliation if the sanctions become law", as NPR's Scott Neuman reported Thursday.

by | August 01, 2017 | 22:49

The amended bill for its fresh approval will now have to be returned to the Lok Sabha. The bill was passed - without the main clause which relates to its composition - by 74 to 52 votes. He said the Congress had "hatched a conspiracy" against the backward classes and the party's behaviour in the Rajya Sabha "exposes its anti-backward mindset" and MPs need to expose it, sources said.

by | August 01, 2017 | 22:48

In Southeast Asia, Vietnam's PMI ranked second, after the Philippines whose index stood at 52.8 in July. Sub-indices for production and new orders came in at 53.5 and 52.8, respectively, down from 54.4 and 53.1 last month, but the narrower gap between the two suggested an improved supply and demand relationship, Zhao said.

by | August 01, 2017 | 22:47

The meeting, scheduled at 12.00 BST on Thursday, August 3, is not expected to result in a change of policy, despite the relatively close vote of 5-3 not to raise interest rates at the previous meeting. Patersons Securities economic analyst Tony Farnham said Dr Lowe's comments were a clear hint that the central bank's consumer spending outlook could be lowered.

by | July 31, 2017 | 07:26

A shocked onlooker told Sun Online the "smiling" worker had earlier knocked the passenger's phone out of his hand as he appeared to try and photograph him at Nice airport, in France. The man, still holding the baby, was taken away but eventually let on the flight. Guitars said the airport communicated with Samsic , informing them they suspended the employee.

by | July 31, 2017 | 00:43

In a statement provided by family spokesperson Miranda Barnard to the The Salt Lake Tribune , Kristy's loved ones expressed their heartbreak over the slaying. The ship left Seattle on Sunday. A man on the ship told authorities when he asked Kenneth Manzanares what had happened, he replied, " She would not stop laughing at me ", according to an Federal Bureau of Investigation criminal complaint.

by | July 30, 2017 | 03:23

The FAA declined and the group filed suit in U.S. District Court in the District of Columbia. This, they said, not only compromises passenger comfort but also their safety as well and this got the judges' attention. A bill now under consideration in the House of Representatives would require the FAA to set minimum seat sizes as well as a minimum distance between rows.

by | July 30, 2017 | 01:34

Many analysts are providing their Estimated Earnings analysis for GlaxoSmithKline plc and for the current quarter 2 analysts have projected that the stock could give an Average Earnings estimate of $0.83/share. The value of the company's investment in GlaxoSmithKline PLC decreased from $52,146,000 to $52,042,000 a change of $104,000 for the reporting period.

by | July 30, 2017 | 01:17

Four men have been taken into custody and the searches at the properties are expected to go late into the night. Police said raids took place in the suburbs of Surry Hills, Lakemba, Punchbowl, and Wiley Park. "We knew them to say hello to and they seemed nice", a woman in her early 30s, who didn't want to be identified, told AAP. He said: "My number one priority, and that of my government, is the safety and security of all Australians, and the public should be reassured that our security ...

by | July 30, 2017 | 01:15

On Wednesday evening, Scaramucci called New Yorker Washington correspondent Ryan Lizza , demanding to know who had leaked the news of his White House dinner with Sean Hannity , the president, the first lady and former Fox News executive Bill Shine.

by | July 30, 2017 | 01:08

AT&T customers can now stream TV over their wireless devices. The potential merger comes at a time when wireless technology providers like Sprint are pairing off with traditional cable companies to be able to offer customers a full suite of Internet access.

by | July 30, 2017 | 00:13

On Tuesday, a US Navy ship fired warning shots at an armed Iranian patrol boat in the northern end of the Persian Gulf, according to two US defense officials. Jafari's comments come a day after the U.S. departments of State and Treasury imposed sanctions against 18 entities and individuals tied to the Iranian military, IRGC and the country's ballistic missile program.

by | July 30, 2017 | 00:13

Additional features could push the price up to US$60,000, and that's before taxes and other fees. And after Tesla's start as a niche purveyor of small-batch cars , the Model 3 will play a central role in Tesla expansion into true mass production.

by | July 29, 2017 | 01:41

In addition to Brady and Ryan , Senate Finance Committee Chairman Orrin Hatch (R-Utah), Senate Majority Leader Mitch McConnell (R-Ky.), National Economic Council Director Gary Cohn and Treasury Secretary Steven Mnuchin signed the statement.

by | July 29, 2017 | 01:17

Tanzania's largest miner Acacia, majority-owned by Barrick Gold is locked in a dispute with the Tanzanian government over tax payments. BARRICK Gold will begin discussions with the government on the concentrate export ban and other issues next week.

by | July 29, 2017 | 01:15

Inside the closing six months period the stock's performance raised 6.00% while overall yearly performance lost -70.66%. Finally, BMO Capital Markets reiterated a hold rating and set a $3.25 target price on shares of Yamana Gold in a report on Tuesday, June 20th.

by | July 29, 2017 | 01:10

European bond yields moved higher ahead of the U.S. open on Friday which triggered an element of selling pressure on gold, although overall selling pressure was limited. "Considering that the Fed sees the near-term risk of the economy is neutral, I don't think the market will expect a third rate hike in the foreseeable future or at least in this quarter", said Mark To, head of research at Hong Kong's Wing Fung Financial Group.

by | July 29, 2017 | 01:01

Industrial production is expected to add 1.9% on month and 1.3% on year after adding 0.2% on month and 0.1% on year in May. Excluding energy and food products, national core CPI did not change from 0.4% seen in May. Another indicator of tightness in the labor market showed that there were 151 jobs available for every 100 job seekers, the strongest showing in more than 43 years.

by | July 29, 2017 | 00:51

Rules on trade and immigration could change during the transition period up to 2022, he said. Lewis' comments are likely to concern British companies that employ European Union workers. There were also indications that after Brexit, EU citizens will be subject to similar immigration rules applicable to Indians and other non-EU citizens; such as work permit.