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Economy

According to Carspring , Cairo has the world's cheapest taxi fares - a typical 3km ride would cost US$0.55 (S$0.75). Among other cities in the region, Mumbai was cheapest (2nd), followed by Jakarta (4th), and Bangkok (7th). Following the two Swiss cities, Tokyo ranked 3rd most expensive city for 3km taxi ride with US$15.95. The cheapest flagdown rate is Tunis at just $0.19.
  • ONGC gets nod to acquire HPCL

    ONGC gets nod to acquire HPCL

    Economy

    It also makes operational sense for a merger of HPCL and MRPL, another subsidiary of ONGC, to take place. The source said ONGC will not have to make an open offer to minority shareholders of HPCL as the government's holding is being transferred to another state-run firm and the ownership isn't changing.
  • Mindy Kaling Is Pregnant With Her First Child

    Mindy Kaling Is Pregnant With Her First Child

    Economy

    The " Wrinkle In Time " star is starting to tell her friends she is expecting her first child but reportedly won't divulge to them who the father is. "So this is a hot mess". "I'm going to not actively plan, but if it happens, it would happen", she affirmed in a 2015 Yahoo! When it comes to her pregnancy, Mindy Kaling is keeping it as hush hush as possible.
  • Janney Montgomery Upgrades Vertex Pharmaceuticals to Buy

    Janney Montgomery Upgrades Vertex Pharmaceuticals to Buy

    Economy

    Vertex finished previous year with $1.683 billion in total CF product revenues-consisting of $980 million from Orkambi (Kalydeco [ivacaftor] and lumacaftor) and $703 million from Kalydeco. State Of New Jersey Common Pension Fund D reported 0.08% stake. AngioDynamics, Inc. has a consensus hold rating from 5 Wall Street analysts, and the number of shares now sold short amount to at least 5.19% of shares outstanding.
  • Rare Form of Mad Cow Disease Found in Alabama

    Rare Form of Mad Cow Disease Found in Alabama

    Economy

    At no time did it present a risk to the food supply, or to human health. The cow wasn't slaughtered and its meat didn't enter the food chain. The U.S. "Another important component of our system - which led to this detection - is our ongoing BSE surveillance program that allows USDA to detect the disease if it exists at very low levels in the US cattle population".
  • Pizza Hut plans to hire roughly 14000 new drivers this year

    Pizza Hut plans to hire roughly 14000 new drivers this year

    Economy

    Pizza Hut said DNA monitors outside factors that could delay a delivery such as weather and traffic and then alerts customers during the trip when estimated wait times are extended or shortened. The service, which is available in all USA -based Pizza Hut restaurants effective immediately, can more precisely predict when orders will arrive based on weather, construction and other obstacles.
  • Venezuela, Trump minaccia sanzioni: Maduro rinunci a Costituente

    Venezuela, Trump minaccia sanzioni: Maduro rinunci a Costituente

    Economy

    Il presidente del MUD , che sta per Mesa de Unidad Democratica, il principale partito di opposizione a Maduro (che sta vivendo il picco di minor popolarità della sua presidenza) parla di prova di potere delle opposizioni, di tentativi di sabotaggio dei maduristi, e di aspettative di voto ampiamente superate.
  • IBM shares fall after worse-than-expected second quarter revenue decline

    IBM shares fall after worse-than-expected second quarter revenue decline

    Economy

    Excluding one-time items, IBM earned $2.79 per share, according to Thomson Reuters I/B/E/S, beating analysts' estimates of $2.74. Analysts had expected that outcome, as CNBC's Deirdre Bosa reported earlier on Tuesday. According to TBR senior analyst, Jennifer Hamel, IBM's Global Technology Services (GTS) struggled with a lull between two major contract wind-downs, announced in the prior quarter, and the ramp-up of recent large-scale cloud migration signings such as Lloyds Banking Group in ...
  • Morgan Stanley Flirts With Buy After Earnings, Solid Trading Revenue

    Morgan Stanley Flirts With Buy After Earnings, Solid Trading Revenue

    Economy

    Morgan Stanley (MS ) reported better-than-expected second-quarter earnings and revenue growth on Wednesday. Investment bank Morgan Stanley said its second-quarter profits rose 11 per cent from a year ago, and the bank's trading desks outmanoeuvred Morgan's major rivals in the last quarter's tough market.
  • Tamil Nadu hikes MLAs' salaries to over Rs 1 lakh per month

    Tamil Nadu hikes MLAs' salaries to over Rs 1 lakh per month

    Economy

    The pension for Tamil Nadu MLAs has also been raised from Rs 12,000 to Rs 20,000. The announcement which is like a jackpot for many, was made by Chief Minister Edappadi K Palanisamy in the state assembly. Just before Palaniswami announced "Achche Din" for his MLAs, Samajwadi Party's Rajya Sabha MP, Naresh Agarwal had put forth the same requirement in the monsoon session today.
  • Trump agenda setback scuttles the dollar

    Trump agenda setback scuttles the dollar

    Economy

    The U.S. dollar dropped against major rivals Tuesday, with selling picking up after Republican leaders in the Senate late Monday ditched their effort to repeal and simultaneously replace much of the Affordable Care Act. Central banks are also a factor in the dollar's moves. "The failure of the healthcare bill added the newest pressure to the dollar, but it was already under pressure after Yellen's comments last week", said Mitsuo Imaizumi, Tokyo-based chief foreign exchange strategist for ...