Business

Rupee Reverses Day's Losses To Close Above 70 Per Dollar: 10 Points

Analysts said the falling rupee could lead to higher inflation as Indians pay more for imported goods and services. "The RBI was there to curtail the vola...


Turkey accuses United States of 'stab in back' as currency woes persist

That's helping to push the USA dollar higher, which hurts big United States exporters. Separately, the Istanbul and Ankara prosecutor's offices launched inv...


Global Stocks Drop Amid Concerns About Turkey

Markets in Europe were also turbulent with Germany's DAX falling two percent , French CAC 40 falling nearly two percent, and Britain's FTSE 100 declining 0.8 p...


Alaska Airlines plane crashes after unauthorised take-off from Seattle airport

The Pierce County Sheriff said the man who stole the plane was "suicidal" and confirmed the incident was not related to terrorism. According to the Pierce C...


Turkey Lira crisis in pictures: Locals sell wealth to save currency

President Donald Trump says the United States has made a decision to increase tariff rates on Turkish steel and aluminum. Germany's exporter-heavy DAX . E...


How US-China trade war may bring cheaper oil to Indian shores

Moreover, amid both economic growth as well as Beijing's mandate that gas make up at least 10 percent of the country's energy mix by 2020 to offset the effect...


Buck-a-beer details confirmed, Ontario brewery announces participation

The minimum price - which was hiked from $1 to C$1.25 by the previous Liberal government in 2008 - will apply to beers that have less than 5.6% alcohol conten...


White House adviser warns China 'better not underestimate' Trump on trade - International

U.S. President Donald Trump earlier proposed 10 per cent tariffs on an additional $200 billion of Chinese imports. "The US side has repeatedly escalated the...


Elon Musk is seriously considering taking Tesla private

Following the company's surge after last week's earnings, Musk took aim again at a short-seller in a reposted short YouTube video that likened these investors t...


July labor report: 157000 new jobs; unemployment dips below 4%

Ahead of this morning's new jobs report , most projections said the USA economy added roughly 190,000 jobs in July. Hary Bottka, senior vice president at R...


Loans to get costlier as RBI hikes repo rate again

RBI also raised the inflation projection to 4.6 per cent in second quarter of fiscal 2019, 4.8 per cent in second half of 2018-19 and 5 per cent in first qua...


China frustrates U.S. efforts to end Iran's oil exports

In order to pass through tough times ahead the returning USA sanctions, we need to promote our cooperation with global power like China , Russia, and the EU, A...


China warns against blackmail as Donald Trump considers higher tariffs

At a campaign rally in Florida Tuesday night, Mr. Trump said China's response targeting US farmers has been "not nice". The United States may jack up the ta...


Apple just became the second company to hit $1 trillion dollars

Cook has put a focus on digital content and services, positioning Apple to make money from music, movies, apps, subscriptions and more - all sold to the vas...


China says tariff threat against US 'justified'

US President Donald Trump has said he is determined to reduce the large US trade deficit with China. The tariffs follow talks this spring that failed to produ...


Sales tax holiday starts Wednesday

It's Back to School season on the First Coast and parents will have the opportunity to save on school supplies this weekend. This year, the state of Louisia...


RBI hikes lending rate, loans likely to become dearer

The rate action was in line with a Reuters poll last week, which showed 37 of 63 economists expecting a rate increase. "Serious end-user demand is back on the...


Apple has become America's first trillion-dollar company

Apple sold 43.1m iPhones in the June quarter , as customers flocked to its more expensive models like the iPhone X . Shares of Apple this week traded at ab...


Tesla cuts losses on Model 3 sales, Musk promises profits next quarter

In the past year, Tesla has come under scrutiny for its factory conditions , vehicle production, treatment of employees, odd cost cutting measures , and CEO...


Turkey's President Tayyip Erdogan says US's threatening language will not benefit anyone

In a tweet translated by the state-run Anadolu news agency , Cavusoglu also vowed that the "US attempt to impose sanctions on our two ministers will not go u...


Apple's pricey iPhone X, subscriptions deliver earnings beat

Apple has also hit what Cook called a pocket of success with the Apple Watch , though the company doesn't break down smartwatch revenue . Shares in the Sil...


US' Trump, EC's Juncker say they agree to work toward 'zero tariffs'

Critics of the agreement were especially miffed that existing steel and aluminium tariffs will remain in place despite the White House meeting. Now, the goal wi...


Amazon quarterly profit jumps 12-fold to $2.5 billion

Amazon reported net income of $2.53 billion, or $5.07 per share, in the three months ending June 3, blowing past the $2.48 per share Wall Street analysts exp...


Twitter's toxic avenging takes a toll on overall user counts

But Chief Financial Office Ned Segal told analysts that the event, which carried into the third quarter, raked in less revenue in its second two weeks. Profit w...


Facebook's value falls $148 billion after Q2 earnings call

The company's second-quarter revenue - $13.23 billion - missed expectations by about $70 million. The proof was in Facebook's stock, which during the call w...


Trump tells European Union leaders he wants a ‘fair trade deal’

The two leaders plan to discuss US tariffs on aluminum and steel that Trump imposed in May as well as Trump's threat to extend duties on European auto imports. ...


Pres. Trump laments decades of US trade policy

U.S. import tariffs of 25 per cent on steel and 10 per cent on aluminium imposed in March will remain in place during the talks, but Mr Juncker added: "It is th...


United Kingdom temperatures set to test all-time record as heatwave continues

The RAC said it is expecting breakdowns across the United Kingdom to be up around 15-20% on what they would normally expect for late July by the end of Thursday...


Facebook's shares tumble as growth disappoints

Its number of daily active users, 1.47 billion, was also up 11% year-over-year. The social media giant's shares are plunging at breakneck speed of nearly 20% in...


#BRICS: SA signs $14 billion trade agreements with China

In the face of growing protectionism globally, South Africa needs to focus on being more competitive rather than fixating on external factors, Fuzile said. Pres...


Jackpot Jumps to $522 MILLION for Tonight's Mega Millions Drawing

Someone in MI, or in one of 43 other states, could win over a half a billion dollars Tuesday night. Robinson says she usually doesn't play the lottery, but she ...


South Floridians flock to purchase Mega Million jackpot tickets

The last MI player to win the Mega Millions jackpot was Kevin Blake in October. The Mega Millions jackpot rose to an impressive $433 million Friday morning, w...


Google owner Alphabet's profits drop after $5bn fine but shares surge

Excluding that amount, the Mountain View, California, company's earnings came to $11.75 per share, which topped the $9.45 per share expected by analysts surveye...


Trump threatens tariffs on more Chinese imports, United States News & Top Stories

In addition, President Trump has told the Commerce Department to investigate whether imported autos and auto parts threaten America's national security - th...


Finally, sanitary napkins to be exempted from GST

Reacting to questions raised by former finance minister P Chidambaram that why rates of 88 items were not reduced by the GST council in 2017, Modi said: "This...


Crude Oil Recovers, Extends Gains To 3rd Straight Session

The official's sentiment is a major step back from the bold U.S. policy objective of reducing Iranian oil exports "to zero" following President Trump's withdr...


Why the EU Just Ordered Google to Pay a $5B Fine

Even for a company as massive as Google, $5 billion isn't exactly pocket change; it represents about 40 percent of Google's net profit in 2017, according to th...


How Elon Musk can regain investors' confidence

According to the MailOnline , Mr Unsworth has not seen Musk's tweets yet but when he does he will weigh up his options and when he was asked whether he will...


Netflix shares take hit as subscriber slip hints at 'lumpy' road ahead

For this quarter, Netflix added 4.5 million subscribers internationally, equivalent to an 8% growth. Revenue: $3.91 billion. Analysts were expecting $3.94...


Blockbusters in Alaska set to close; 1 store left in US

In an interview Thursday, Daymude said many customers had called or stopped by to say they'll miss their local Blockbuster . Apparently it wasn't enough, t...


Louisville Officially Taking Papa John's Name Off Football Stadium

The Washington Nationals has cut sponsorship ties with Papa John's following the resignation of its founder John Schnatter . "While we are appalled by John Sch...


U.S. Poised to Publish $200 Billion China Tariff List

Administration officials said a two-month process would allow the public to comment on the proposed tariffs before the list is finalized. The fight with Chi...


US payrolls rise 213,000; wage gains slow, unemployment up

The legal services employment numbers come amid a generally positive jobs report for the US economy as a whole, which gained 213,000 jobs in June and reporte...


Cavaliers fan sets himself ablaze trying to burn LeBron jersey

Basketballer LeBron James has signed a four-year contract with the Los Angeles Lakers , his management announced late Sunday. The Lakers have failed to reach...


S Arabia unable to raise oil output by 2mn: Iranian OPEC governor

The Democratic opposition has blamed part of that increase on Trump's decision to withdraw the United States from the 2015 nuclear deal with Iran , while Repub...


USA sanctions on Iran won’t disrupt crude supplies: Indian refineries

A report by the Energy Information Administration showed United States crude inventories dropped by 9. 9 million barrels in the week ending June 22, the larg...


China, EU to form group to modernise global trade rules

In an interview on CNBC , Navarro said the US Treasury Department would report to President Donald Trump on Friday on the issue of China investment res...


Harley Davidson Is Moving Some Of Its Production Out Of The US

The company also warned of a potential "significant impact" from retaliatory tariffs after President Donald Trump announced the steel and aluminum tari...


Shopping online? Now you will have to pay taxes

Crowe & Dunlevy attorney Hayley R. Scott, said many people don't report online sales on their state income taxes and making businesses responsible will likely m...


Supreme Court ruling may boost Virginia tax income by $300M

Kadlubek then said to NBC news: "This is going to be a headache. I suspect that we will be hearing from SD shortly on this point". For calendar year taxpayer...