Economy

Sugar, tea, coffee, milk powder to cost less under GST

Sugar, tea, coffee, milk powder to cost less under GST

Telecommunication services now attract a service tax of 14 per cent, along with Swachh Bharat Cess (SBC) of 0.5 per cent and 0.5 per cent Krishi Kalyan Cess (KKC). Automotive manufacturers also claimed that such high tax rates on hybrid vehicles can act as a deterrent and affect the government's long-term plans for promoting electric vehicles. Read More

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Nigeria lucky again as OPEC extends oil output cut by 9 months

Strict compliance level among OPEC members can increase oil prices to $50-$55 a barrel range from sub-$50, but it will also encourage U.S. shale producers to boost production, limiting output-cut effects. Wood Mackenzie said that, if meetings Thursday result in agreements to a deeper cut in production, oil would move to just over $60 per barrel. The oversupply of oil in the market should not persist past the third quarter as inventory numbers are declining and continue moving in a ... Read More

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US Inks China Trade Deal Promoting Finance Services, Beef

US Inks China Trade Deal Promoting Finance Services, Beef

US Commerce Secretary Wilbur Ross told reporters at the White House that the deal will help reduce the US trade deficit with China , which reached almost $350 billion previous year. "We look forward to providing almost 1.4 billion new customers in China with the same United States beef that we feed our families". But those commitments came alongside an agreement for China to resume imports of USA beef and to speed up its approvals of genetically modified crops and other ... Read More

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Opec Considers Nine-Month Extension in Output Cut

Equatorial Guinea has been accepted as a new member of the Organization of the Petroleum Exporting Countries ( OPEC ), according to the Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih. The minister rejected the notion that the group's efforts to stabilise the oil price would be hampered by United States oil production rising off the back of the Opec deal. Read More

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North Korea poses threat to China, Russia

The head of the U.S. Pacific Command warned Wednesday that the combination of ballistic missiles and nuclear warheads in the hands of North Korean leader Kim Jong Un represents "a recipe for disaster". If it's under the, again, under the right circumstances. In April Trump had said Seoul should pay as much as $1 billion for the missile defense system. Read More

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National Retail Properties, Inc. (NNN) Stake Increased by Shell Asset Management Co

National Retail Properties, Inc. (NNN) Stake Increased by Shell Asset Management Co

Mutual of America Capital Management LLC now owns 112,031 shares of the real estate investment trust's stock worth $5,697,000 after buying an additional 5,027 shares during the period. It has a dividend yield of 4.83%. The ex-dividend date of this dividend was Wednesday, April 26th. Finally, TheStreet cut Retail Properties of America from a "b-" rating to a "c+" rating in a research note on Friday, February 17th. Read More

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Stocks Roundup Cheniere Energy, Inc. (NYSEMKT:LNG), Huntington Bancshares Incorporated (NASDAQ:HBAN)

It has outperformed by 34.61% the S&P500. Janney Montgomery Scott Lc reported 0% in Community Financial Corp (NASDAQ:TCFC). $106,976 worth of stock was bought by GROSS JONATHAN S on Wednesday, March 8. The rating was upgraded by Howard Weil on Tuesday, June 14 to "Sector Outperform". Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, May 4th. Read More

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Ramsey fires Wenger to record seventh FA Cup

Welbeck also called the win "a great team performance" after Aaron Ramsey found the winning goal three minutes after Diego Costa had equalised for 10-man Chelsea . "I'm happy for the manager", Ramsey said on the pitch. With all of our problems, we can't do anything but trust Wenger in his plans. But for all that, it's one game where all that matters is who shows up. Read More

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Thunderstorms leave behind damaged homes, power outages in Iowa

The National Weather Service issued a tornado warning in the Texas Panhandle Tuesday afternoon and a tornado watch from the Panhandle through western Oklahoma and into western Kansas in addition to much of northern Wisconsin . The storm struck about 7:15 p.m. a subdivision south of Elk City, Oklahoma , almost 110 miles west of Oklahoma City. Two people died and dozens were injured when tornadoes flattened a housing subdivision in Oklahoma and a mobile home park in Wisconsin ... Read More

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Oil Holds Advance as Saudis, Russia Favor Output Cut Extension

The agency trimmed its estimate for first-half global demand growth by 115,000 barrels a day, citing weaker consumption in "previously solid countries" like India and the US, yet kept the full-year growth forecast steady. Crude oil inventories in the United States are expected to fall for a sixth straight week, by 2.3 million barrels, according to a Reuters poll of seven analysts ahead of weekly inventory reports from the American Petroleum Institute and the US Energy Information ... Read More

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Oil drops after OPEC-led output cut extension falls below expectations

While stubbornly high global inventories have taken longer than expected to drain, signs that USA stockpiles are easing from a record had added to the optimism. For the week, Brent oil futures were 2.7 per cent lower and WTI declined 1.1 per cent. "Some market participants may have expected either a deeper cut, a longer one, inclusion of more countries, or other such icing on the cake", the bank said . Read More

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Opec extends output cut by nine months

While he expects a "healthy return" for US shale, that won't derail OPEC's goals, he said. On Thursday, OPEC agreed to keep its own cuts of around 1.2 million bpd in place for nine months, Kuwaiti Oil Minister Essam al-Marzouq said. Motorists headed out for extended trips during the Memorial Day weekend are facing moderate gasoline prices as crude oil prices slumped massively after OPEC extended their production cuts through March 2018. Read More

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OPEC excludes Nigeria, Libya in 1.8m bpd oil output cut

OPEC is to extend oil production cuts for nine more months after last year's landmark agreement failed to eliminate the global oversupply or achieve a sustained price recovery. Extension term of OPEC deal on cutting oil production is not important for Russia, Russian Energy Minister Alexander Novak told journalists. Brent crude oil prices have rallied from lows of below $48 per barrel in the first week of May. Read More

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Karp Capital Management Corp Invests $3.683 Million in Range Resources Corp. (RRC)

The company's market cap is $6.02 Billion, and the average volume is 5.13 Million. The expected future growth in earnings per share ("EPS" ) is an incredibly important factor in identifying an under-valued stock. Viking Global Investors Lp increased Dentsply Sirona Inc stake by 985,547 shares to 1.68 million valued at $97.00 million in 2016Q4. It also upped Rice Energy Inc (NYSE:RICE) stake by 194,301 shares and now owns 461,298 shares. Read More

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Citigroup reiterated Persimmon PLC (LON:PSN) as 'Neutral'

It has by 0.00% the S&P500.The move comes after 7 months negative chart setup for the $837.54M company. Today, Friday morning, Shawbrook Group (LON:SHAW) stock Hold was reiterated at Shore Capital in an analyst note. The rating was maintained by Bank of America with "Neutral" on Wednesday, March 23. The firm has "Buy" rating by Lake Street given on Tuesday, January 3. Read More

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G-7 summit ends without unanimity on climate

Though the president has yet to make a final decision , his chief economic adviser, Gary Cohn, indicated Friday that the president was growing more attuned to the European stance on the issue. Prior to Trump's arrival, the pope had publically disagreed with some of the president's plans and policies, inlduing ones to build a wall along the entire U.S. Read More

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Cisco cuts 1100 jobs as earnings disappoint

Cisco cuts 1100 jobs as earnings disappoint

Prentiss Smith & Co owns 3.39% invested in Cisco Systems, Inc. Analysts reported that the Price Target for Cisco Systems, Inc . might touch $42 high while the Average Price Target and Low price Target is $35.66 and $28 respectively. That forecast would put Cisco's sales in a range of $11.84 billion to $12.1 billion. Now the P/E of Cisco Systems, Inc . stands at 17.41. Switching revenue raised by 2.00 percent. Read More

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Arsenal beat Chelsea 2-1 to win FA Cup

Chelsea's hopes of a comeback seemed to be dealt a significant blow when Victor Moses received a second yellow card for diving. It meant no glorious farewell for departing skipper John Terry, who bows out on 717 appearances and 17 major honours after spending the match on the bench. Read More

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United States beats Kiwis on opening day of America's Cup qualifiers

With thousands flocking to the Americas Cup Village this evening, the same scene is expected as the event progresses. It is often said in the America's Cup that "the fastest boat wins". And should he be right, and defenders Oracle repeat what they achieved in 2013 in San Francisco, Bermuda could again be picked as hosts. The experience, made in collaboration with cinematic VR company Jaunt , enables users to join Ben Ainslie's team in Bermuda during their final preparations, as they get ... Read More

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All you need to know about the OPEC's oil pricing gimmicks

All you need to know about the OPEC's oil pricing gimmicks

With the U.S. entrance into the crude oil exporting market and little change in global loading, production may not be the only weight on commodity prices and crude oversupply. Yergin noted that the USA shale production is profitable at $40 to $50 per barrel today. And for its own exports, OPEC loads only started to slow in May, said Antoine Halff, senior research scholar at the Center of Global Energy Policy at Columbia University, in his commentary, 'OPEC's Catch 22?' "It appears that ... Read More

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BA says 'power supply issue' behind IT failure that grounded flights

BA says 'power supply issue' behind IT failure that grounded flights

Chief executive Alex Cruz, in a video posted on Twitter, said a power supply issue was to blame for the computer system failure. "We are working to resolve the problem as quickly as possible", British Airways tweeted. "For hour now.no offer of drinks. and because ba only takes cards now, we only have cash.wat we supposed to do!??", Twitter user Julie Adie wrote. "None were working, apart from one", said Terry Page, booked on a flight to Texas. Read More

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Australia's drug convict Schapelle set to leave Bali

Australia's drug convict Schapelle set to leave Bali

Dozens of police and media and surrounded Corby as she was taken out the gate of her home in Kuta and shoved into a waiting black auto with her sister Mercedes. Bali corrections chief Surung Pasaribu said: "We will pray for her that she will repent. I don't see a security threat for her but we are responsible as police, whether there is a threat or not". Read More

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Wenger to give away FA Cup medal if Arsenal beat Chelsea

Wenger to give away FA Cup medal if Arsenal beat Chelsea

Wenger had shared the record of six FA Cup wins with George Ramsay, who won his first in 1887 and last in 1920, but is now the most-successful manager in the world's oldest cup competition. I can not believe that after all he has achieved over the last 12 years that the fans are against him. "I've got you". You're like, "yeah, I'd love to" - and off he takes you". Read More

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Kushner proposed secret communication channel with Kremlin

The FBI is looking into Russian meddling in the 2016 presidential election and possible connections between Russia and the Trump campaign. The contacts between Trump campaign associates and Russian officials during the presidential campaign coincided with what USA intelligence agencies concluded was a Kremlin effort through computer hacking, fake news and propaganda to boost Trump's chances of winning the White House and damage his Democratic opponent, Hillary Clinton. Read More

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