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Markets feel the Infosys heat, Sensex dives 182 pts

On Wednesday, the BSE Sensex closed 145 points or 0.49 per cent down at 29,643 while the NSE Nifty ended 34 points or 0.36 per cent lower at 9,203. The gauge had lost 144.87 points in the previous session. Among the BSE sectoral indices, Metal index closed with the biggest dip, down 2.8 per cent. A weak trend in other Asian markets in line with sell-off in the United States on continued geopolitical tensions and comments by President Donald Trump expressing concern about a strong greenback ...

Business

HSBC Holdings plc (HSBA) Earns "Neutral" Rating from Credit Suisse Group AG

The company has market cap of $17.01 billion. The Firm is engaged in the discovery, development and commercialization of antibacterial treatments against multi-drug resistant gram-negative infections. On Thursday, March 16 the stock rating was maintained by JP Morgan with "Overweight". The company was maintained on Wednesday, June 1 by Goldman Sachs.

Business

Uber Tracked Lyft Drivers With 'Hell' Program

Access to such details could have allowed Uber to offer better incentives to those Lyft drivers to leave the rival platform. In the same year, Lyft discovered more than 100 Uber employees hired and canceled Lyft rides, jeopardizing not only Lyft but also the drivers working for it through wasting drivers' time and fuel for the canceled rides.

Business

China's global currency dream revived after Trump back-pedals on trade war threats

In turn, Chuck Schumer, the leading Democrat in the Senate, slammed Trump for his reversal on currency manipulation, lobbing numerous same criticisms the president once made of Barack Obama. "I like her, I respect her", Trump told the Wall Street Journal . Now the president said he does "like" low interest rates and that he has not made a decision on whether he would ask Yellen to stay on when her term expires in early 2018.

Business

Teacher walked off United flight with students after passenger was dragged off

The passenger dragged off the United plane in Chicago was forced to give up his seat not because of traditional overselling but because another kind of overbooking: A crew needed to commute for a flight the following day, and the flight was full.

Business

Effort needed to lower tensions after tough talk over Gibraltar

Gibraltar rejected the idea of Britain sharing sovereignty with Spain by 99 percent to 1 percent in a 2002 referendum, but voted overwhelmingly to remain part of the European Union in last June's Brexit vote. Farage blasted the European Union over its demands to negotiate divorce terms before striking a post-Brexit trade deal, as well as its stance on the British territory of Gibraltar and its multi-billion dollar exit bill.

Business

Britain blames Russian Federation for 'every civilian death' in Syria chemical attack

And a joint operations center in Damascus that includes Iran, Russia and Lebanon-based Hezbollah militants threatened reprisals. McCain said the US should take out Syria's air force as part of stopping Syrian President Bashar Assad from repeating such attacks in the future.

Business

Oil demand growth seen slowing for a second year

Supply and demand in the oil market are close to matching up, the IEA said Thursday, as landmark OPEC-led production cuts are mitigated by rising USA supply and slipping worldwide demand growth. But the organisation predicted supply would grow in coming months, with U.S. oil-producing firms driving the increase. This means that non-OPEC oil production will soon be on the rise again.

Business

Royal Mail: Pension closure plan sparks industrial action threat

It had already closed the scheme to new entrants and more than 40,000 workers have been placed in a defined contribution plan in the past four years. The CWU had previously proposed a defined benefit Wage in Retirement Scheme, or a compromise between Royal Mail's DB scheme and a defined contribution scheme.

Business

Trucking Sector Hiring Slows in March

The construction industry showed the effects weather can have. The increase in USA transportation sector hiring follows a revised gain of 8,100 positions in February and a 10,200-job loss in January. Economists believe an unemployment rate of 4-5 percent represents full employment - as in, anyone who wants a job has one. This is mostly good news for women , who saw their unemployment rate drop from 4.3 percent to 4 percent.

Business

At least 4 missing after powerful Australia cyclone

But the storm still packed damaging winds and dumped huge amounts of rain all the way down the east coast to Sydney and beyond before blowing out over the Tasman Sea. The worst-hit areas included Lismore and Tweed Heads in NSW, and the Gold Coast and Beaudesert in Queensland. Marine experts fear the Great Barrier Reef, already hit by coral bleaching, could have been damaged by churning seas whipped up by the cyclone.

Business

Rex Tillerson Meets With Vladimir Putin

Tillerson said he had a "productive", two-hour meeting earlier in the day with Russian President Vladimir Putin at the Kremlin. The Trump administration on Tuesday revealed intelligence that it said proved Syrian forces had carried out the deadly chemical weapons attack in the northern Idlib province that led to the USA missile strike, the Washington Post reported .

Business

Airline won't use police to remove overbooked passengers

In the meantime, federal lawmakers are vowing to create legislation to address how airlines should handle bumping passengers. Munoz said the solution would be to re-examine the policies that led to the incident, allowing more room for employees to exercise common sense.

Business

Oil in biggest rally since December, as Saudis seen backing curbs

Brent crude futures were up 13 cents, or 0.23 per cent, at their highest since early March at $56.36 per barrel at 0544 GMT. US crude oil refinery inputs averaged 16.7 million barrels per day during the week ending April 7, 2017, 268,000 barrels per day more than the previous week's average.

Business

Dems: Trump's Tax Secrecy Complicates Legislative Overhaul

Show us your taxes, Mr. President! Ultimately, Trump was the first presidential candidate in decades to win without making his tax returns public. Trump has promised to cut taxes for middle income workers. "The Chinese have done nothing on North Korea, and I don't think they will unless they think America is tough". The Senate leader also revealed that he had his first one-on-one phone call with Trump last Thursday - after US military airstrikes against Syria began.

Business

BMW pulls advertising from Fox News' "O'Reilly Factor"

O'Reilly or the company in exchange for agreeing to not pursue litigation or speak about their accusations against him". In a statement to The Times on Saturday, 21st Century Fox said: "Notwithstanding the fact that no current or former Fox News employee ever took advantage of the 21st Century Fox hotline to raise a concern about Bill O'Reilly, even anonymously, we have looked into these matters over the last few months and discussed them with Mr.

Business

The iShares MSCI Brazil Index Target of Unusually High Options Trading (EWZ)

Developed by James O'Shaughnessy, the VC score uses five valuation ratios. In general, a higher FCF score value would represent high free cash flow growth. The Relative Strength Index (RSI) is one of multiple popular technical indicators created by J. Welles Wilder. Narrowing in a bit closer, the 5 month price index is 1.14617, the 3 month is 0.99647, and the 1 month is now 0.99581.

Business

White House accuses Russia of covering up Syria chemical attack

Speaking after several hours of talks with visiting U.S. Secretary of State Rex Tillerson, he said Russian Federation has no intention to "shield anyone". A day before the Khan Shekhoun attack, Haley indicated the U.S. had ditched the Obama administration's policy of removing Assad. "Our priority is no longer to sit and focus on getting Assad out", Haley had told reporters on March 30.

Business

Westinghouse files for bankruptcy, with 4 United States nuclear reactors unfinished

President Donald Trump over the impact it could have on local jobs and finances as a bankruptcy could costs borne by U.S. taxpayers for two nuclear power plants projects in Georgia and SC or even imperil their completion. The flash chip sale should raise at least $9 billion for half the company and Tosh said it believes the unit will be valued at around $18 billion. Toshiba has said it expects to book a net loss of 1 trillion yen ($9 billion) for the year ending in March, up from an ...

Business

You won't be saying hello to Bixby on your new Galaxy S8

Samsung plans to add Bixby Voice support to the GS8 "later this spring". With the launch of Bixby , Samsung was aiming to take on Apple's Siri, Amazon's Alexa, Google's Assistant and Microsoft's Cortana. Bixby is expected to become more and more capable in the coming months and years as more and more apps feature voice activation. Now that you know Bixby won't be available, would you be interested in buying it during the launch when it comes to India? It seems Samsung is ...

Business

British Columbia election campaign starts, race neck-and-neck

The New Democrats blame the Liberals for continuing to fill party coffers while the party turned down six attempts to ban union and corporate donations to political parties. Green Party Leader Andrew Weaver in 2013, and Saanich North and the Islands to the NDP's Gary Holman. Horgan said it was "absolutely rich" for the Liberals to point fingers when it comes to big money in politics.

Business

Infosys Q4 profit beats estimates on key client wins

The company expects its 2017-18 revenue to grow between 6.1 per cent and 8.1 per cent in dollar terms and 6.5-8.5 per cent in constant currency terms. Wipro shares were trading 1.55 percent lower at Rs 493 apiece while TCS was down 2.39 percent to Rs 2,337. Last month, HCL Technologies had announced share buybacks worth Rs 3,500 crore.

Business

G-7 ministers seek unity in bid to press Russia over Assad

Tensions between Moscow and Washington have further aggravated over Syria after the US missile strike on a Syrian military airfield Thursday, which it claims to be in response to the alledged Syrian government's chemical weapons attack last Tuesday in Khan Sheikhoun.

Business

Central London house prices fall in March on Brexit, tax

In addition, the majority of surveyors are observing a fall in transactions. But while there are fewer properties available for sale, they are not being snapped up by eager buyers. "The house builders" share prices are running as if there are no problems ahead and simply take the view that the new homes market has "shrugged off Brexit'".

Business

Russian Federation vetoes United Nations resolution to condemn Syria chemical attack

Russia, Assad's staunchest ally, has insisted that Assad is blameless and that it was actually the rebels responsible for the disbursed chemical weapons. White House spokesman Sean Spicer later told reporters that the facts backed up the US version of events. -Russian dispute concerned culpability for the chemical weapons, broader disagreements over everything from Ukraine to Russia's support for once-fringe candidates in European elections were among other sore points.

Business

United Airlines CEO finally apologizes for violent incident

This can never, will never happen again on a United Airlines flight. Now, United could have offered more money to get passengers to give up their seats. Dao was one of four passengers selected at random for removal from the overbooked Kentucky-bound flight. The 69-year-old grandfather was seen being ripped from his seat after refusing United Airline's $1,000 in compensation as he said he had patients to see the following day.

Business

Russia calls to prevent new U.S. strikes on Syria, says Lavrov

Putin said the United States is using the same tactic it did in the lead-up to the Iraq war. It's unclear, Tillerson noted, whether Moscow had failed to take seriously its responsibility to purge Syria of chemical weapons or was just incompetent.

Business

New Nintendo Direct Will Cover Splatoon 2 and ARMS

Nintendo's freakish new IP, the slinky-punch fighting game ARMS , is slated to come out in June. Last year's Nintendo 3DS rewards programme offered the same terms and monetary amount. Majority reported that they were not extremely rough with the console with other reporting their console was docked most of the time. Maybe we'll get an official release date for it.

Business

Unemployment rate climbs in BC for March

A major shift of jobs from full-time to part-time appears to have ended, with 400 full-time jobs gained in two months. "It's pleasing to see total employment and full-time employment both pick up", Mr Bacon said. Full-time employment rose by 74,500 jobs, while the number of part-time jobs was down 13,600. However, in March alone, BC had the lowest unemployment rate in Canada at 5.4 per cent.

Business

United won't use police to remove overbooked passengers - CEO

After the incident, he remained in Chicago to receive treatment at a local hospital for his injuries, according to a statement on Tuesday from his lawyers. A passenger who witnessed the episode said that two officers tried to calmly talk the man out of his seat before a third approached him in an aggressive manner.

Business

United Airlines CEO apologizes for passenger dragged off flight

The head of United's parent company has scrambled to contain the damage to the carrier's reputation. Appearing on Good Morning America earlier today, Munoz admitted that his original response to the incident may have seemed a bit icy.

Business

Blue Jays 3B Donaldson departs with calf injury

The last win was against Minnesota in 2011. Toronto had 29 runs over the same period last season with a 3-4 record. It has lost all four. "We brought him over here to hit so we want to make sure we string some games together to let him get going".

Business

Wells Fargo Rescinds Millions More From Former Execs Over Scandal

Wells Fargo's board said on Monday (Tuesday AEST) that it would claw back an additional $US75 million in compensation from the two executives on whom it pinned most of the blame for the company's scandal over fraudulent accounts: the bank's former chief executive, John Stumpf, and its former head of community banking, Carrie Tolstedt.

Business

Trump says prepared to take on North Korea without China if needed

There is speculation that the country could be preparing a missile launch, or even another nuclear test, to mark the 105th birthday anniversary of its founder Kim Il-Sung on Saturday. China will not remain indifferent to Pyongyang's aggravating violation of the UN Security Council (UNSC) resolution. Pyongyang hopes its gamble will work, but all signs point to the opposite direction.

Business

Qualcomm countersues Apple over modem chip performance

There is no David in this story-just two Goliaths alleging that the other one threw the first punch. Don Rosenberg, Qualcomm executive vice president and general counsel, reckons that Apple has played a major role over the past decade in making mobile technology mainstream with its popular devices and services, but it should not belittle Qualcomm's major role in the process.


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