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Business

After US, Singapore steps up to reduce visas for Indian IT professionals

This comes in the backdrop of Indian companies asked to hire local talent in Singapore. We will keep you updated as we receive more information on Singapore's objections to Indian IT professionals. The key advantage of H-1B1 visa is that it allows Singaporean citizens to avoid the H-1B quota which often runs out quickly. The Indian government has now planned against expanding the scope of goods where import duties would be cut.

Business

SpaceX launches used rocket from Kennedy Space Center

The rocket launched from Florida's Kennedy Space Center at 6.37pm EST and approximately 32 minutes later deployed its telecommunications satellite into orbit. Not all the savings will be passed on to SpaceX customers, some of whom were awaiting the outcome of Thursday's flight before agreeing to fly on a used booster, Musk said.

Business

Truck, SUV sales keep rising as car sales continue to slide

Private Bank & Trust Co. now owns 39,216 shares of the auto manufacturer's stock worth $473,000 after buying an additional 1,240 shares during the period. If you are accessing this report on another domain, it was copied illegally and republished in violation of USA & global trademark & copyright laws. A number of equities research analysts recently commented on the stock.

Business

Should Trump take money back from 'sanctuary cities'?

Sessions said Monday that cities with sanctuary policies "make our nation less safe by putting risky criminals back on the street". Some leaders in MA sanctuary cities say their policies do not prohibit cooperation with federal immigration authorities.

Business

Trump says United States ready to act alone on North Korea

Asked how he would tackle North Korea , he said: "I'm not going to tell you". Mr Trump's national security aides have completed a review of U.S. options to try to curb North Korea's nuclear and missile programmes that includes economic and military measures but leans more towards sanctions and increased pressure on Beijing to rein in its neighbour, a United States official said.

Business

Oil up on Libya disruptions, but bloated United States market still weighs

Brent for May settlement, which expires Friday, slipped 38 cents to $52.58/bbl on the Europe exchange. Additionally, the WTI-Brent spread, which widened early in the month, narrowed to the tightest since March 3, after exports picked up last week, he said .

Business

Reckitt Benckiser Group Plc 9.4% Potential Upside Indicated by Jefferies International

According to the analyst this now indicates there is a potential increase of 25.96% from Arrow Global Group's current price of 363.62. Analysts await Toll Brothers Inc (NYSE:TOL) to report earnings on May, 23. The firm has "Buy" rating given on Thursday, March 30 by Shore Capital. It focuses on the United Kingdom, French and Irish building and construction markets with a presence in Italy and the Middle East, and sales to specific niches in the rest of the world.

Business

Uber Puts Its Self-Driving Cars Back On The Road After Crash

On Monday, March 27, 2017, Uber said it is resuming its self-driving vehicle program in Arizona and Pittsburgh after it was suspended following a crash over the weekend. John Simpson of the California-based advocacy group Consumer Watchdog said Ducey has abandoned his responsibility to protect the public by buying into the hype surrounding Uber .

Business

Train derails at NYC's Penn Station; no injuries reported

There has been a minor derailment involving a NJ TRANSIT train at Penn Station. Passengers on as many as four trains can not immediately exit their train because the cars are not in alignment. The NJ Transit train derailed on Track 9 around 9 a.m., officials said. Amtrak says passengers should expect delays due to the derailment. No serious injuries were reported in the March 24 incident.

Business

Ex-IRA leader Martin McGuinness' body carried home

Prime Minister Theresa May told parliament she could never condone the ex-IRA commander's violent past but she credited his "indispensable" role in moving the Republican movement away from violence. In 2015 Mr Hegarty's son Ryan said Mr McGuinness should be questioned in connection with the murder. Blair adds: "I will remember him therefore with huge gratitude for the part he played in the peace process and with genuine affection for the man I came to know and admire for his contribution to ...

Business

Oil prices slide on bulging U.S. crude inventories

Energy Information Administration said in its weekly report that crude oil inventories rose by 5.0 million barrels last week to an all-time high of 533.1 million. According to Goldman Sachs, the rising US shale production could lead to an oversupply by 2018 or 2019. Oil prices extended their streak of losses on Thursday, as traders focused on the persistent oversupply of crude in the global market that has weighed on prices in recent years.

Business

FCA proposes rules to address persistent credit card debt

Tougher rules to get millions of people out from being trapped under billions in long-term credit card debt have been proposed by the financial watchdog. As these customers are by far the most profitable for the credit card firms, the companies have "little incentive to intervene", it adds. "Credit cards can be a very effective product for consumers, but a significant minority of customers experience real difficulties", said Andrew Bailey, chief executive of the FCA.

Business

British government cuts stake in Lloyds Bank to below 2 percent

So will further sales of the remaining 1.97% holding - those 1.41 billion Lloyds shares left in the government's investment portfolio are now worth a little under £1 billion. The average volume of a stock suggests the liquidity of a particular company. The stock's market capitalization is 209.28M. EPS breaks down the profitability of the company on a single share basis.

Business

(SBUX) Shares Bought by Capital Guardian Trust Co

So Starbucks is trying to come up with a new way to help those customers. Integrated Investment Consultants LLC boosted its stake in Starbucks by 1.0% in the third quarter. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the company earned $0.46 earnings per share.

Business

Official results confirm Serbia PM Vucic elected president

Based on almost half of the votes counted from a sample of polling stations, the Ipsos agency predicted that Vucic would win 55.8 percent of the votes, with opposition candidate Sasa Jankovic coming in second with about 15 percent. The mainstream media under Vucic's control have been demonizing most of the 10 opposition challengers running in the election , without giving them the opportunity to respond.

Business

BP sells Forties North Sea pipeline to Ineos

In a statement , Jim Ratcliffe said the North Sea continues to present new opportunities for his company. The deal has been criticised for giving Ineos - which already co-owns Scotland's only crude oil refinery at Grangemouth - too much control over the North Sea.

Business

Trump plans to sign broadband privacy repeal into law

President Donald Trump should veto this blatant assault on Americans' basic privacy rights. This is an important issue for consumers and for the companies that are trying to use that data for sales and marketing. Various websites, including giants like Facebook and Google, can already see a lot about users depending on what people do on those websites . Search engines, websites and cell phone applications all collect information on users - information that's used to build a consumer ...

Business

Donald Trump calls Russia probe 'witch hunt' as Flynn seeks immunity

The chair then refused to share those materials and sources with his committee, though he immediately briefed both the press and the White House on what he claimed the documents showed. But Mr. Trump earlier encouraged Flynn to ask for immunity , tweeting that the ongoing congressional inquiries are nothing short of a "witch hunt".

Business

Arrow Global Group (LON:ARW) Receives Buy Rating From Jefferies International Analysts

GBX 263.18's average target is -13.20% below currents GBX 303.2 stock price. Mylan Inc. had 3 analyst reports since March 31, 2017 according to SRatingsIntel. About 75,178 shares traded. N+1 Singer has reiterated SDL PLC (LON:SDL) to Corporate in a statement released on 4/03/2017. It has outperformed by 19.98% the S&P500.

Business

Nifty hits record high; rupee, bonds rally

The Sensex ended 2016-17 fiscal with a gain of 16.88 per cent or 4,278.64 points to 29,620.50, making investors richer by Rs 26.79 lakh crore. The NSE Nifty today opened higher and breached the again 9,200-mark and touched all-time high of 9,245.35.

Business

Gennady Golovkin earns tough unanimous decision over Daniel Jacobs at MSG

Golovkin was able to land his signature power punches in round four as he dropped Jacobs after two right hands to the head. "But it didn't go my way and I won't complain". "This is sport, this is boxing". The post Boxing: Golovkin edges Jacobs by decision to defend titles appeared first on UNTV News . This wasn't a case of Golovkin taking an easy challenger to stay in shape for the big fight later this year.

Business

ANC wasn't consulted on reshuffle - Zweli Mkhize

The timing of the reshuffle in the early hours of Friday, with 10 out of 35 ministers losing their jobs in all, was created to reduce the impact on financial markets. His firing is another blow to Africa's most industrialized economy that grew just 0.5 percent a year ago and suffers from 27 percent unemployment. "We are going have to see if we can do a Black Monday until action happens".

Business

Oil drops on rising USA drilling, steady OPEC supply

The global benchmark crude closed at a US$2.71 premium to May WTI, the widest since January. The dollar index, which measures the greenback against a basket of six major currencies, was flat at 100.32 after touching its lowest since February 7 of 100.020.

Business

Oil bounces off November lows, but bloated U.S. stockpiles pressure market

A deal between the Organization of the Petroleum Exporting Countries and some non-OPEC producers to reduce output by 1.8 million barrels per day (bpd) in the first half of 2017 has had little impact on bulging global stockpiles of oil. If correct, that would be the tenth weekly crude stock build in the last 11 following a surprise dip in the prior week and could boost inventories back to a record high.

Business

Carrie Lam elected Hong Kong's new chief executive

The third, and most liberal candidate, retired judge Woo Kwok-hing received only 21 votes. The protesters told CNN they were told to report to a police station Monday, one day after Carrie Lam was selected by a Beijing-dominated election committee to be the city's next leader.

Business

Beyonce fans bet on twin baby girls after 'teasing' Instagram photos

She wore a blue dress and a pair of purple earrings along with other matching accessories, so we wonder, is she having a boy and a girl? "The flower probably means girls!", one user wrote. In February, she posted an image of herself doing the peace sign, which later became clear was in fact the number two for twins. So now, let the chromosomes decide what 5-year-old Blue Ivy will have, a brother and sister, 2 brothers, 2 sisters.

Business

Why is Westinghouse declaring bankruptcy?

According to the agreement over nuclear liability which followed former U.S. President Barack Obama's visit to India in January 2015 and Prime Minister Narendra Modi's visit to Washington DC in June 2016, both sides had agreed to "work toward finalising the contractual arrangements by June 2017" for six reactors to be built in Andhra Pradesh by Westinghouse and the Nuclear Power Corporation of India Ltd (NPCIL).

Business

Oil Drops as US Drilling Growth Threatens to Counter OPEC Cuts

Investors now want to see whether Wednesday's figures from the Energy Information Administration, a unit of the Department of Energy (DoE), confirm the rise. Crude has made a few attempts to rebound after a 10 percent decline a week-and-a-half ago, but the surges have generally been brief. USA shale oil producers have been adding rigs, pushing up the country's oil production to about 9.1 million bpd, from around 8.5 million bpd in late 2016.

Business

Cyclone Debbie: Baby girl born amid the destruction

Jenny and David Clarke spoke on the phone on Tuesday morning during the peak of the storm, when the roof came off the house. "Everyone is going to be in shock tomorrow, just to see the full impact of this cyclone", she said. The BoM said strong wind gusts of up to 120km/h will also continue, and that large seas with abnormally high tides will cause unsafe beach conditions.

Business

Oil stable on falling Libyan output, but bloated U.S. market still weighs

WTI, the US benchmark for the price of oil, was down 0 .14 percent to $50.28 per barrel. West Texas Intermediate oil slipped below $50 USA a barrel several times during North American trading. The nation cut crude output by an average 202,000 barrels a day in March, according to the Energy Ministry. (NYSE: BHI ) will publish weekly USA oil rig figures.

Business

United States military opens investigation into Mosul airstrike

The blast, which hit the checkpoint at the main southern entrance to the city on Wednesday night, also wounded at least 36 people, the officials said. Officials and witnesses say air strikes have taken a devastating toll on those who remain. He said that was different from using civilians as human shields and that ISIS did not want the coalition to know the civilians were in the building so that a strike would kill them.

Business

Little girl survives as three others drown in swollen river

The vehicle went into the Tweed River off Dulguigan Road near Tumbulgum just after 1.40pm on Monday, a NSW Police spokeswoman said. A 10-year-old girl escaped from the vehicle but her family - believed to be a mother and two children - were trapped inside after it crashed off Dulguigan Road at Tumbulgum at 1.40pm.

Business

Moorside nuclear reactor builder Westinghouse goes bust

The deal was supposed to help Westinghouse complete the USA reactor projects. Westinghouse said in a statement that it filed the Chapter 11 petition in U.S. In the USA, nuclear power still generates about one-fifth of the nation's electricity. "We apologise to all stakeholders, including shareholders, for causing this trouble and worry over our nuclear business", he said.

Business

Uber suspends self-driving car program in 2 states

According to a representative of Uber from Arizona Uber has stopped the fleet of self driving cars . Mayor Bill Peduto said that Uber has been pioneering force in making Pittsburgh a hub for self-driving cars , and that its benefits to the our economy far outweigh the risks.

Business

Samsung starts pre-orders for Galaxy S8

But so far it seems that Galaxy S8 could have been an even better - and it is no doubt a very fine phone - if it had a more exciting camera in it. In fact, many observers have noted that the increased price-tag expected for the "iPhone 8" appears to be aimed in part at controlling market demand to reduce potential supply issues.


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