Economy

Exchange-traded funds linked to oil prices, continued to climb today as crude prices remained on track to end the week in the green amid data showing that the US crude glut is shrinking and OPEC's production cuts are making a dent in global supplies.
  • Bank of England poised to readjust growth outlook

    Economy

    Speaking at a press conference following the announcement, Carney said the Bank was "tolerating" an overshoot in inflation now as it was the result of the exchange rate adjusting ahead of Brexit negotiations. The currency slipped to 1.288 against the dollar after trading near 1.292 before the announcement. Howard Archer, chief economist at IHS Global Insight, said: "We hold the view that the Bank of England is being too optimistic on the United Kingdom growth outlook".
  • SpaceX Just Performed Its Most Mysterious Mission Yet

    SpaceX Just Performed Its Most Mysterious Mission Yet

    Economy

    The operation went smoothly on Monday, marking SpaceX's first flight for the U.S. Department of Defense . The aerospace company said the launch had initially been scheduled for Sunday, but was postponed in the last seconds before take-off due to a "sensor issue" with the rocket.
  • BJP terms Delhi CM Arvind Kejriwal as 'Mr Corrupt', demands his resignation

    BJP terms Delhi CM Arvind Kejriwal as 'Mr Corrupt', demands his resignation

    Economy

    Mishra had last week filed a complaint against Kejriwal accusing him of receiving Rs 2 crore as bribe money. But the tax payable on her income was merely Rs 4,000. Earlier, Mishra submitted documents related to the tanker scam to the ACB, while saying that he also apprised the agency about the misuse of the money by the Delhi government.
  • Korea Investment CORP Boosts Stake in SYSCO Co. (SYY)

    Korea Investment CORP Boosts Stake in SYSCO Co. (SYY)

    Economy

    A rating of 1 would be equivalent to a Strong Buy, and a rating of 5 would indicate a Strong Sell rating. PGGM Investments owned approximately 0.08% of SYSCO worth $23,187,000 at the end of the most recent quarter. SYSCO's dividend payout ratio (DPR) is now 71.74%. ILLEGAL ACTIVITY NOTICE: "Korea Investment CORP Boosts Stake in SYSCO Co". If you are accessing this article on another publication, it was copied illegally and reposted in violation of U.S.
  • Trump says open to raising gasoline tax to fund infrastructure

    Trump says open to raising gasoline tax to fund infrastructure

    Economy

    Currently, the top rate on those entities is 39.6%. Standard deductions and individual deductions: The new plan would double the standard deduction , which is now $6,350 for single filers and $12,700 for married couples. That compares with 31 percent who said lawmakers should disregard Trump's blueprint and start from scratch with their own bill. Henrietta Treyz, a managing partner and director of economic policy at Veda Partners, called Trump's corporate tax plan "a shot for the ...
  • S Korea's new leader discusses N Korea, defense system with China's Xi

    Economy

    Ties between Seoul and Beijing have soured over the South's deployment of a controversial USA anti-missile system aimed at guarding against threats from the nuclear-armed North. President Donald Trump with perhaps his most pressing security issue. Beijing sees the system as a threat to its own security. It's also significant that Moon indicated (albeit in an indirect manner) during his phone call with Japanese Prime Minister Shinzo Abe that he doesn't mean to adhere to the December 2015 ...
  • EU demands urgent talks with Washington over airline laptop ban

    Economy

    Cellphones would still be allowed in cabins but virtually every other electronic device would not be permitted and would need to be stowed in checked bags. The official said U.S. Homeland Security Department Secretary John Kelly told European ministers over the phone Friday that the department does not plan immediate any new measures.