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Economy

At 9.33 a.m, the Sensex was trading up 78.82 points or 0.25% at 31,269.38 with 21 components gaining. The central bank left lending rates unchanged citing risks to inflation due to spurt in farm loan waivers by states but raised lending capacity of banks to support economic growth.
  • Apple Unveils Powerful New iMac Pro

    Apple Unveils Powerful New iMac Pro

    Economy

    The new iMacs will run you from anywhere between $1099 for the base configuration of the 21.5 inch model up to a starting price of $1799 for the 5K 27-inch iMac . Combined with the Kaby Lake upgrades, users should see significant performance improvements, though Apple didn't quantify the speed boosts. The most substantive changes to APPLE WATCH focused on fitness, including the ability to track new types of high-intensity workouts.
  • Jeff Sessions offered to resign amid tension with Donald Trump

    Jeff Sessions offered to resign amid tension with Donald Trump

    Economy

    Tension between Trump and Sessions heated up after the attorney general recused himself from the investigation into alleged collusion between Russian Federation and the Trump campaign in the 2016 election, the network reported . Trump is also displeased with lack of progress his Muslim ban has made in the court system, again assigning responsibility to Sessions. Sessions was in charge of the probe into Russian election meddling, before recusing himself from the investigation.
  • Contrasting views of health care report

    Contrasting views of health care report

    Economy

    She said it would lead to more than 28,000 North Dakotans not having coverage and make coverage unaffordable for more than 300,000 in North Dakota with pre-existing conditions . As written, the bill is expected to reduce the deficit by $119 billion between 2017 and 2026. Prior to the changes, the CBO estimated that the bill would result in savings of $150 billion over the next decade and grow the number of uninsured Americans by 24 million.
  • World economy seen picking up, political uncertainty a risk

    World economy seen picking up, political uncertainty a risk

    Economy

    This has led to strong wage growth, it said while inflation has been contained by declines in global energy prices and, more recently, euro-sterling exchange rate developments. The weaker USA outlook was offset by slightly improved perspectives for the euro zone, Japan and China. The OECD said the risks to the USA outlook remain sizeable, mainly the size and timing of the fiscal stimulus are uncertain.
  • Notre Dame Attacker 'Pledged Allegiance To ISIS In Video'

    Notre Dame Attacker 'Pledged Allegiance To ISIS In Video'

    Economy

    As well as a hammer, he was also carrying kitchen knives. "We have passed from a very sophisticated terrorism to a terrorism where any instrument can be used for attacks", Mr Collomb said. The cathedral was put on lock down. Notre-Dame cathedral is one of the most popular tourist attractions in Paris , and visitors typically line up in long queues to enter the building.
  • Moody's cuts China's rating on debt fears

    Economy

    Government-led stimulus has been a major driver of economic growth over recent years, but the pump-priming has also been accompanied by runaway credit growth and has created a mountain of debt - now standing at almost 300 percent of GDP. However, as growth rates slowed and threatened to fall below targets, China past year ramped up policy stimulus. Marie Diron of Moody's Investors Service discusses China's rating cut.
  • London Mayor Floats Canceling Trump's UK Visit

    Economy

    Trump's extraordinary attacks on the popular mayor of a grieving city have disgusted many Londoners, reigniting opposition to a state visit by the American president to the United Kingdom planned for later this year. "We're working with him, working together and that's important - central government and the London mayoralty and his officials working together to ensure we are responding to the attack".
  • 3 terrorists responsible for London attack identified: PM May

    Economy

    The Islamic State group has claimed responsibility. The first known victim of the attack was named as Christine Archibald from Castlegar, Canada. Opposition leader Andrew Scheer said in a written statement Sunday that Canada and the United Kingdom have historically stood "shoulder to shoulder" against threats.
  • Qatar crisis deemed unlikely to hurt Thai oil and gas trade

    Economy

    A United States official said there is no serious consideration of pulling out of the base, though there may be concerns about transporting supplies and basic goods across borders if the current dispute drags on. " More work needs to be done", she said. "They want the sides to de-escalate". Senate Foreign Relations Chairman Bob Corker , a Tennessee Republican, said he wasn't aware of the president's tweets when asked about them Wednesday afternoon at the Capitol.
  • Opec crude production rises led by countries exempt from cuts

    Economy

    The U.S. withdrawal from the landmark 2015 global agreement to fight climate change drew condemnation from Washington's allies - and sparked fears that U.S. Faced with lingering glut woes, the oil cartel also discussed last week reducing output by a further 1 to 1.5 percent, and could revisit the proposal should inventories remain high, according to sources.
  • MPC meet begins; RBI likely to hold policy rate

    MPC meet begins; RBI likely to hold policy rate

    Economy

    According to data furnished by the Ministry of Statistics and Programme Implementation under a new series April retail inflation rate based on the Consumer Price Index (CPI) was lower than 5.47 per cent recorded during April previous year.