Markets


Confident of meeting April deadline for GST rollout: Revenue Secretary Hasmukh Adhia Confident of meeting April deadline for GST rollout: Revenue Secretary Hasmukh Adhia
- August 09, 2016

Many companies with a nationwide presence would set up warehouses in different parts of the country to avoid paying multiple taxes. Mr. Pankaj Kumar Jain, Director, KW Group, said "Eliminating the threat of double taxation, GST Act is soon to emerge as one of the major relief for all the stakeholders of the real estate sector as the GST Bill has been finally approved by Rajya Sabha". (more...)
USA retail giant Walmart to buy Jet.com for $3bn
- August 09, 2016

The Wall Street Journal had reported last week that Wal-Mart was poised to acquire Jet, so the deal likely did not come as a surprise to investors. Greg Bensinger and Rolfe Winkler contributed to this article. For Jet.com, which has been pouring money into splashy TV ads and other marketing, the deal provides big financial backing. Jet.com, which touts its service, delivers to two-thirds of the country overnight in its purple boxes. (more...)
Donald Trump's new tax plan, economic policy, summarized
- August 09, 2016

An economic adviser to the campaign, Stephen Moore, who helped work on the speech , said Trump's policies were aimed at boosting economic growth in an effort to bolster middle-class workers, whose wages have stagnated for decades. Trump , a real estate developer who has never held elected public office, touts his practical experience and potential to create jobs, blaming President Barack Obama for what he calls a weak recovery from the economic recession. (more...)
Residents: No amount of money is enough for fracking payout Residents: No amount of money is enough for fracking payout
- August 09, 2016

Last year, then chancellor of the exchequer George Osborne said the government would create a shale wealth fund that would receive up to 10 per cent of tax revenue from shale gas developments for investments in communities affected by the projects. (more...)
Bombardier reports US$490-million loss Bombardier reports US$490-million loss
- August 09, 2016

Revenue in the latest period declined almost 7% to $4.31 billion. SWISS received the first of the new Bombardier CS100 aircraft on 29th June for its short- and medium-haul fleet. Revenue in the company's business jets division declined almost 19 percent in the second quarter. "The spending decline of the C Series development program will contribute to sustainable cash flow improvement", he said. (more...)
Clinton attacks Trump economic proposal
- August 09, 2016

At the moment, parents can deduct a maximum of $6,000 for child care expenses for two (or more) children from their federal income taxes . Trump is in Detroit to unveil a new version of his economic plan . And he used the setting of the speech - Detroit - to draw a stark contrast with his rival's approach. Clinton says she opposes TPP but Trump suggested she was concealing her true support, and said the deal would be even worse for Detroit's automakers than NAFTA. (more...)
Trump suggests Clinton emails linked to Iranian's execution Trump suggests Clinton emails linked to Iranian's execution
- August 09, 2016

Trump awkwardly endorsed both senators last week after initially refusing to do so. But Trump ultimately backed Ryan on Friday after a tumultuous week of intra-party fighting. That would be a major drop from the current 35 percent corporate tax rate, though many companies pay much less because of various deductions. The blistering letter, made public Monday afternoon, warns Mr. (more...)
Bank of England Cuts Interest Rate to 0.25% Bank of England Cuts Interest Rate to 0.25%
- August 09, 2016

Technology companies continued to make the biggest gains and oil prices rose for the second day in a row. Quincy Krosby, market strategist at Prudential Financial, said investors were playing it safe as they waited for the Labor Department's July employment report. (more...)
USA military: Air strikes killed 14 civilians in Iraq, Syria
- August 09, 2016

Your current subscription does not provide access to this content. You have now viewed your allowance of free articles. The coalition has repeatedly been accused of targeting and killing civilians. Garver said he's not surprised at the amount of ISIL activity in the region. "Save the Children supported maternity hospital in #Idlib bombed, casualties reported - numbers unconfirmed". (more...)
Global Ballistic Missile Threats Beginning to Outpace US Defense Capability Global Ballistic Missile Threats Beginning to Outpace US Defense Capability
- August 09, 2016

South Korea referred to the launch as North Korea's way of showing its ambition to broadly and directly attack neighboring countries and target South Korean airfields and seaports. In a statement, the organization urged North Korea "to heed the united call of the worldwide community to reverse its course and return to the process of honest dialogue ". (more...)
Brooklyn Smith found; Father arrested Brooklyn Smith found; Father arrested
- August 09, 2016

The child had reportedly been seen with her biological father in the Cartersville area. Monday, Brooklyn Smith made contact with her mother from a blocked number, according to police. Smith told her mother she is with friends and is okay. "I said Brooklyn, Brooklyn what are you doing?" said Selena Smith. Police haven't said why Brooklyn was believed to be in such danger, but Smith - who is undergoing a bitter divorce from Spires - told 11Alive that he was violent and abusive. (more...)
Delta struggles to clear backlog after computer system knocked out
- August 09, 2016

Industry consultants say airlines face an increasing risk from computer disruptions as they automate more of their operations, distribute boarding passes on smartphones and outfit their planes with Wi-Fi. "It'll be a long day, but there's nothing you can do", Heger said, joking that at least this way they would be able to see a little more of the country, if just briefly. (more...)
Delta recovering after global outage delays, cancels flights Delta recovering after global outage delays, cancels flights
- August 09, 2016

But the local electric company, Georgia Power, said that it was not to blame and that the equipment failure was on Delta's end. A power outage in Atlanta , Delta's headquarters, prompted the world's second largest airline to issue a ground stop early Monday morning. (more...)
Tyrrells crisps agrees to $300m takeover from United States snack brand Tyrrells crisps agrees to $300m takeover from United States snack brand
- August 09, 2016

The company generated approximately $111 million in sales during the past 12 months, ended June 30, according to Amplify Snack Brands. Amplify, the USA owner of SkinnyPop popcorn, plans to increase USA sales of Tyrrells products, which include parsnip crisps and sour cream flavoured tortillas with poppy seeds. (more...)
What to watch at the Rio Olympic Games on Saturday What to watch at the Rio Olympic Games on Saturday
- August 09, 2016

Rio 2016 has had a hard upbringing with worries about the country's ability to afford it, Rio's preparations and sport's credibility in the face of a divisive doping crisis, but South America's first ever Olympics is now ready to entertain the world and perhaps revive a nation. (more...)
UMD School of Medicine to host Zika vaccine clinical trial UMD School of Medicine to host Zika vaccine clinical trial
- August 09, 2016

The trial, led by VRC's clinical trial head Julie Ledgerwood, will divide participants into four groups of 20. At the moment, there are no DNA vaccines approved for use on humans in the USA, but apparently the Zika vaccine is similar to one developed for West Nile virus, which is considered to be safe. (more...)
Lower Interest Rates 'Another Blow For UK Pensions' says Ros Altmann
- August 09, 2016

European stocks are climbing and the British pound is skidding after the Bank of England moved to shore up the British economy after the nation's vote to leave the European Union. Germany's DAX was up 0.7 percent to 10,245 and France's CAC 40 gained 0.5 percent to 4,343. The outlook for growth in 2016 was left at 2% due to a strong first half even as the bank sees little activity in the second half. (more...)
Adam Peaty's grandmother swimming at fast pace on Twitter Adam Peaty's grandmother swimming at fast pace on Twitter
- August 09, 2016

Her only goal was to get more followers than Caroline - who braved her first ever flight to Rio to see her son compete in the Olympics. She also changed her Twitter profile description to read: "Proud Nan to a World Champion Breaststroker". (more...)
Dollar edges down, kiwi firm despite rate cut expectations Dollar edges down, kiwi firm despite rate cut expectations
- August 09, 2016

The dollar was down 0.2 percent at 102.33 yen, well above last week's low of 100.68 yen, while the euro was steady at $1.1085. Although the strong USA data dampened the safe-haven appeal of government debt with Japanese 10-year bond futures tanking in early trade, futures markets 0#FF: were only pricing in a US rate hike only in 2017 as other major central banks looked set to add more stimulus in the coming weeks. (more...)
Rio Olympics 2016: Canadian Women Advance To Semifinals In Rugby Rio Olympics 2016: Canadian Women Advance To Semifinals In Rugby
- August 09, 2016

In the main press centre, condoms are free - an adventurous innovation even for this, one of the most sensuous cities on earth; yet I found myself paying BRL8 (a bit more than £2) for a croissant. In other big matches before then, Canada and Britain - both unbeaten - will meet to determine the top spot in Pool C and New Zealand will play France in Pool B. (more...)

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