Markets


International Monetary Fund raises China growth forecast but warns on debt International Monetary Fund raises China growth forecast but warns on debt
- January 16, 2017

These concerns may take center stage if developed market central banks like the US Federal Reserve raise rates further in 2017, which could push up the cost of raising finance in the overseas market. Maurice Obstfeld, Economic Counsellor and IMF Research Department Director, at a news conference here, said among emerging economies, China remains a major driver of world economic developments. (more...)
No decision by GST Council on dual control yet, says Kerala FM No decision by GST Council on dual control yet, says Kerala FM
- January 16, 2017

As far as those above Rs 1.5 crore turnover is concerned, the assessment will be done on a 50:50 basis between the Centre and states. "The power to levy and collect IGST [integrated GST] tax is with the Cente, but as per a special provision in law, states will be cross-empowered in same ratio", Jaitley said. (more...)
Glass manufacturer Luxottica merges with lens manufacturer Essilor Glass manufacturer Luxottica merges with lens manufacturer Essilor
- January 16, 2017

The merged group will be reportedly listed in Paris. It is hoped that the merger, creating a company called EssilorLuxottica, will bring an end to a turbulent few years in the Luxottica boardroom, which has seen three chief executives leave the company in the last two years. (more...)
Sinn Fein pushes Northern Ireland elections closer Sinn Fein pushes Northern Ireland elections closer
- January 16, 2017

Sinn Fein - once the political arm of the IRA - has refused to fill its senior spot in the coalition after Martin McGuinness resigned as deputy first minister on January 9 effectively toppling the devolved government. Speaking on the programme after week-end of consultations with the parties for which he remained in Northern Ireland he echoed similar sentiments to those of Ireland's Foreign Minister Charlie Flanagan that elections now seem inevitable. (more...)
India's SpiceJet to buy 205 Boeing jets in $22bn deal India's SpiceJet to buy 205 Boeing jets in $22bn deal
- January 16, 2017

The airlines expansion plans come on the heels of India being declared as the world's fastest growing aviation market. "The Boeing 737 class of aircraft has been the backbone of our fleet since SpiceJet began (in 2005), with its high reliability, low operation economies and comfort", said Ajay Singh, Spicejet chairman and managing director. (more...)
Peel Hunt Issues Price Target With 25% Upside On Mothercare PLC
- January 16, 2017

Macquarie restated a "neutral" rating and issued a GBX 245 ($2.98) price objective on shares of Barclays PLC in a report on Friday. The company presently has a consensus rating of "Hold" and an average price target of GBX 378.67 ($4.60). In other news, insider Angela Seymour-Jackson purchased 36,973 shares of the company's stock in a transaction dated Monday, November 14th. The shares were acquired at an average cost of GBX 342 ($4.16) per share, with a total value of £9,234 ($11,229.48). (more...)
India's Wholesale Price Inflation Rises Less Than Expected India's Wholesale Price Inflation Rises Less Than Expected
- January 16, 2017

The slide in onion prices continued, with wholesale inflation rate falling for the widely consumed bulb falling (-) 37.20 percent in December from an 18.32 percent jump in December a year ago. The benchmark tracking manufactured products rose 0.1 percent as base metal prices rose on the back of a global rally in copper, zinc and nickel metals. (more...)
New embassy a sign of pope's love for Palestine, President Abbas says New embassy a sign of pope's love for Palestine, President Abbas says
- January 16, 2017

President Mahmoud Abbas said Saturday that the upcoming worldwide peace conference on the Palestinian-Israeli conflict planned to be held in Paris on Sunday in the presence of 70 countries and four global organizations could be the last chance for the implementation of the two-state solution. (more...)
Khaidi No 150 Movie 5 Days Total Worldwide Box office collections | Chiranjeevi Khaidi No 150 Movie 5 Days Total Worldwide Box office collections | Chiranjeevi
- January 16, 2017

It is still doing good business with good occupancy ratio in Andhra Pradesh and Telangana. Khaidi No.150's collections are predominantly solid in overseas and the movie has just broken into the $2 million club. It was directed by AR Murugadoss. In the U.S. it did a business of Rs 8 crore. According to the reports, the first-day box office collections of the flick are Rupees 14 crores. (more...)
Bought milk in Arizona? You could get some cash Bought milk in Arizona? You could get some cash
- January 16, 2017

You're also eligable if you bought other dairy products like yogurt, sour cream, or even cottage cheese. Apparently Big Dairy was busted for artificially increasing milk prices and, as a result, they've been ordered to pay damages of $52 million to settle an antitrust class-action lawsuit. (more...)
Oxfam highlights world inequality ahead of WEF Davos summit Oxfam highlights world inequality ahead of WEF Davos summit
- January 16, 2017

The organisation is calling for leaders attending this week's World Economic Forum in Switzerland to do more to end the disparity. It is beyond grotesque that a group of men who could easily fit in a single golf buggy own more than the poorest half of humanity. (more...)
Govt increases petrol price for next fortnight Govt increases petrol price for next fortnight
- January 16, 2017

Fuel prices have a significant impact on inflation in an economy which depends heavily on diesel for transport, power generation and agriculture, while kerosene is used in many households for lighting and cooking. Actual price increases would vary from state to state depending on local levies. This decision had been taken also keeping in view the fact that kerosene catered to the energy needs of the poor, especially in the winter season. (more...)
Iranian oil price falls 9 cents per barrel in a week
- January 15, 2017

They have cut the production by almost 1.8 mn barrels per day. The Energy Information Administration (EIA) said in its weekly report on Wednesday that the U.S. In case the rise in global prices becomes realized as a result of agreement among OPEC and non-OPEC states during Trump's presidency, interests of all producers will be supplied and, on the contrary, if prices plunge, Americans will definitely seek to create a psychological shock in the oil market by imposing sanctions against some ... (more...)
Afcon Results: Zimbabwe Warriors in 2-2 draw thriller with Algeria Afcon Results: Zimbabwe Warriors in 2-2 draw thriller with Algeria
- January 15, 2017

The two first teams of each pool will qualify for the quarter finals scheduled from 28 January. Kudakwashe Mahachi and Danny Phiri are part of The Warriors squad that get their campaign today against Algeria at Stade de Franceville, returning to the continent showpiece for the first time since the 2006 edition in Egypt after over a decade in the wilderness. (more...)
The American Apparel Brand Won't Disappear After All US Stores Close
- January 15, 2017

According to American Apparel's newest CEO, multiple companies were interested in the facility, and the victor was chosen because it proposed to re-open it for knitting and dyeing and potentially re-hire the people who worked there. He was also at the heart of the racy advertising which received so much criticism. As such, it is expected that almost 3,500 workers will lose their jobs. (more...)
Theresa May to Appeal for Unity in Wake of Brexit Negotiations
- January 15, 2017

Hammond hoped Britain would remain "in the mainstream of European economic and social thinking", but said it would have to change course "if we are forced". In a report released on Saturday, the panel of British lawmakers charged with scrutinizing Brexit said her government must deliver its road map by the middle of February. (more...)
Trump hits out at 'sleazebags' and 'guilty as hell' Clinton Trump hits out at 'sleazebags' and 'guilty as hell' Clinton
- January 15, 2017

He also encouraged his audience to focus on what the DNC leaks allegedly revealed - that Hillary Clinton had received debate questions in advance. The president-elect's pick for US ambassador to Israel, David Friedman, is a vocal supporter of the West Bank settlements and had reportedly said he would function as ambassador in "Israel's eternal capital, Jerusalem". (more...)
Late flurry sees England post highest ODI score against India Late flurry sees England post highest ODI score against India
- January 15, 2017

His knock built on the platform provided by Jason Roy and Joe Root, who both scored half-centuries. The Surrey man reeled off 10 boundaries in the first 10 overs, passing 50 in 36 balls after successfully reviewing an errant lbw decision with just 18 to his name. (more...)
Asaduddin Owaisi asks Centre to end Haj subsidy Asaduddin Owaisi asks Centre to end Haj subsidy
- January 15, 2017

Soon after, the Minority Affairs Ministry on Thursday constituted a six-member panel to look into the Haj subsidy given to Muslim pilgrims in the form of discounted air fares on Air India. Most of the Muslim scholars argue that Haj is not compulsory to any person if he or she is financially incapable of it. "Haj should be done on one's own earned money and not from the subsidy", a scholar recently said. (more...)
Missing New Zealand yachtsman Alan Langdon found in Ulladulla Australia Missing New Zealand yachtsman Alan Langdon found in Ulladulla Australia
- January 15, 2017

The pair arrived in Ulladulla 27 days later. Alan Langdon says he was forced to take six-year-old Que to Australia in a tiny catamaran after the boat's rudder broke, but concerns were raised for the pair after they failed to arrive in the Bay of Islands as originally planned. (more...)

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