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Economy

Economy class air travel will become cheaper with tax rate fixed at 5 per cent against the existing 6, under the upcoming Goods and Services Tax (GST) regime from July 1. Luxury cars will be taxed at 28% GST plus a cess of 15%, while small petrol cars will be taxed at 28% GST plus a 1% cess and small diesel cars at 28% plus 3% cess.
  • Weir Group PLC (WEIR) Receives GBX 1870 Average PT from Analysts

    Weir Group PLC (WEIR) Receives GBX 1870 Average PT from Analysts

    Economy

    The stock of Ocado Group PLC (LON:OCDO) has "Conviction Buy" rating given on Thursday, December 22 by Goldman Sachs. TRADEMARK VIOLATION NOTICE: "Future plc (FUTR) Earns Buy Rating from Numis Securities Ltd" was posted by Markets Daily and is the property of of Markets Daily.
  • (ANF) Stock Rating Reaffirmed by Morgan Stanley

    (ANF) Stock Rating Reaffirmed by Morgan Stanley

    Economy

    For the current estimate trends of EPS, pool recommendation was $-0.70 and for one month was $-0.69. During the same quarter previous year, the company earned ($0.53) earnings per share. About 136,429 shares traded. (NYSE: ANF ) is a huge mover today! It has underperformed by 64.52% the S&P500. Finally, Oppenheimer Holdings Inc. reissued a "sell" rating on shares of Abercrombie & Fitch Co.in a research report on Thursday.
  • UN rights chief pleads for sparing Syrian civilians under IS

    UN rights chief pleads for sparing Syrian civilians under IS

    Economy

    According to the Observatory, 37 civilians were killed in coalition raids on the town on Thursday night, including 13 children, and another 15 were killed in coalition strikes on Wednesday. The worldwide alliance is providing air cover for twin offensives on IS's remaining bastion cities: Raqa in northern Syria and Mosul in neighbouring Iraq .
  • Ferrari's Kimi Raikkonen on pole at Monaco, Hamilton takes 14th spot

    Economy

    Sauber's Grand Prix then turned into a double DNF before racing had even resumed, when Marcus Ericsson nosed his auto slowly into the barriers at Ste Devote. What we did today was pretty much the best possible - at least what we could do in qualifying. "In Q2, I had a really good lap, the tyres worked, then in Q3 not quite so good with the rear tyres".
  • South Africa's Zuma says not opposed to inquiry into corruption allegations

    South Africa's Zuma says not opposed to inquiry into corruption allegations

    Economy

    In the damning report, Betrayal of the Promise: How South Africa is being stolen, the researchers warned that South Africa was in danger of a silent coup by "a rotten, risky and expanding powerful elite" who are concentrated around President Jacob Zuma and which has been allowed to flourish by an immoral government.
  • Durbin rips Republican health care bill after CBO report

    Economy

    In addition to millions losing their insurance, Americans who are older, sick or have pre-existing conditions will see their insurance costs soar. About 20 million people gained insurance under Obamacare. It would replace former USA president Barack Obama's tax subsidies for health insurance consumers with tax credits based largely on age instead of income.
  • Almost all WannaCry victims were running Windows 7

    Almost all WannaCry victims were running Windows 7

    Economy

    The public key is for encrypting, and the private key is for decrypting the victim's data and files. While the initial version of Guinet's software solution only helped out Windows XP users, this wasn't a huge help in and of itself given that most users affected by WannaCry were Windows 7 users.
  • India imposes security lockdown in Kashmir to stop protests

    India imposes security lockdown in Kashmir to stop protests

    Economy

    Witnesses said strict restrictions were imposed around Tral to prevent people from attending the funeral. In occupied Kashmir, thousands of people, defying curfew and other restrictions, turned up at the funeral of martyr, Faizan Ahmed Butt at Tral in Pulwama district.
  • ARP Americas LLC Cuts Position in Huntsman Co. (HUN)

    Economy

    Recent session action on shares of Regions Financial Corporation (NYSE:RF) puts the stock on today's active list. Teachers Advisors LLC owned about 0.22% of Huntsman worth $10,236,000 at the end of the most recent reporting period. Analysts are forecasting Huntsman Corporation to report revenue of about $2.62B, versus the $2.54B posted past year. Its revenue has grown at an average annualized rate of about 2.70% during the past five years.
  • Basquiat painting sells for record $110.5 million at auction

    Economy

    The painting was an untitled piece by late American artist Jean-Michel Basquiat . According to CNNMoney, Maezawa said that he intends to loan his newest possession out for exhibitions worldwide, and then make it the centerpiece of his art museum in Chiba, his hometown.