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Business

GST Council meet from Thursday to fix rates on goods, services

With the GST Council meeting on Thursday and Friday to finalise the rules pertaining to various aspects of GST, industry leaders and tax experts have raised several issues that the Council must look at. Tax rate which is closest to the present incidence of tax on a good or service will be chosen with a view to keeping the shift from the present regime of excise duty plus VAT or service tax to GST regime neutral for consumers.

Business

America First Keeps G-7 on Toes as Mnuchin Says They Understand

But Mnuchin said trade was discussed "a lot" and his counterparts have become "more comfortable" with the administration's agenda. Mr Mnuchin said the opening-up of the market for beef sales to China was a "huge deal" for the administration and for U.S.

Business

UK's May promises voters immigration curbs, fairer society

The manifesto outlines five main challenges, one is "Brexit and a changing world", as the text unwittingly makes the case for remaining in the EU: "As there is increasingly little distinction between domestic and worldwide affairs in matters of migration, national security and the economy, Britain must stay and strong and united - and take a lead in the world to defend our interests".

Business

Drax Group Plc (DRX) Lifted to Buy at Jefferies Group LLC

Among 17 analysts covering ON Semiconductor Corp. The consensus target price is 1,376.00GBX with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 13 firms rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

Business

Does $7.27 justifies Spirit Realty Capital, Inc. (SRC) shares?

JPMorgan Chase & Co. downgraded Spirit Realty Capital from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $13.00 to $9.00 in a research note on Thursday, May 4th. TheStreet downgraded shares of Spirit Realty Capital from a "b-" rating to a "c+" rating in a research report on Wednesday, March 15th. The stock touched 52-week High of $13.31 on 08/04/16 and 52-week Low of $6.64 on 05/04/17.

Business

Instagram ranked worst social network for young people's mental health

Overall, Snapchat and Instagram received the lowest scores. However, the leader of the UK's psychiatrists said the findings were too simplistic and unfairly blamed social media for the complex reasons why the mental health of so many young people is suffering.

Business

North Korea links nuclear advances to hostile United States policy

South Korea's Unification Ministry deems that reopening of communications with North Korea is a good idea. Symantec and Kaspersky Lab said on Monday that some code in an earlier version of the WannaCry software had also appeared in programs used by the Lazarus Group, which researchers from many companies have identified as a North Korea-run hacking operation.

Business

Green Machine is back, Deere posts a big 1Q and ups outlook

Industry sales for agricultural equipment in the USA and Canada are forecast to be down about 5 percent for 2017, reflecting weakness in the livestock sector and the continuing impact of low crop prices. Analysts on average were expecting earnings of $1.68 cents per share on revenue $7.32 billion, according to Thomson Reuters. Its adjusted revenue was $7.26 billion, which also topped Street forecasts.

Business

Oil Prices Rise after Hint of Longer Extension to OPEC Cut

Iraq and Algeria said they were in favor of extending that deal, which cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year. Global oil prices recently dipped briefly under USD 50 dollars per barrel for the first time since OPEC and Russian Federation scaled back output as concerns whether the deal would be renewed and the impact of rising output in the United States weighed on the market.

Business

Global Oil Supplies Inch Down In April: IEA

Global benchmark Brent increased by as much as 3.3 per cent to US$52.52 a barrel on ICE Futures Europe and West Texas Intermediate climbed by up to 3.4 per cent, to $49.45 a barrel on the New York Mercantile Exchange. The country's oil minister said last week Iraq would support a six-month extension. "That said, we are sceptical about Russia's willingness to actively participate in any extended cuts".

Business

Fiat Chrysler in talks with government over diesels

The company said it will also seek permission to modify the 2014-2016 versions of the diesels that are in dispute to end the standoff with federal regulators. Governments the world over have started investigations into Volkswagen and other diesel manufacturers that might be cheating on tests. The company already faces accusations in Europe that its cars produce far more nitrogen oxides in normal driving than during tests.

Business

Steven Mnuchin at G7: 'We don't want to be protectionist'

BARI, Italy Japanese Finance Minister Taro Aso said on Saturday that he was gradually seeing the course of USA economic policies after a two-day gathering of Group of Seven financial leaders in the southern Italy. Group of Seven finance chiefs signed up to a pared-down pledge on global trade as the presence of Donald Trump's administration of the world stage continued to redefine the established economic order.

Business

Merkley Agrees NAFTA Needs Renegotiated, But Wary Of Trump Administration

Lighthizer, who is the administration's main trade negotiator and whose confirmation process dragged on until last week, said that the pact had been successful for some industries, such as agriculture, but that for others, such as manufacturing, it had not.

Business

How Salesforce Won on Earnings

Earnings per share (EPS) breaks down the profitability of the company on a single share basis, and for salesforce.com, inc. the EPS stands at 0.28 for the previous quarter, while the analysts predicted the EPS of the stock to be 0.26, suggesting the stock exceeded the analysts' expectations.

Business

Coca Cola HBC AG (CCH) Stock Rating Reaffirmed by Jefferies Group LLC

Chesley Taft & Associates LLC's holdings in The Coca-Cola were worth $9,659,000 as of its most recent filing with the SEC. It fall, as 76 investors sold KO shares while 623 reduced holdings. The Coca-Cola's dividend payout ratio is 93.33%. "Increases Stake in The Coca-Cola Co (KO)" was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem.

Business

Snap shares tank 23 percent after reporting $2.2 billion net losses

The company's expenses after going public, however, face it with a long-term challenge to become profitable again and have sparked worries among investors. It wasn't just the Snaps that were disappearing on Wednesday. And now with Snap, with our company, we believe that everyone is going to develop a camera strategy because I think we really help people understand how valuable the camera is.

Business

Ross Stores, Inc. (ROST) Updates Q2 Earnings Guidance

They noted that the move was a valuation call. Finally, Jefferies Group LLC increased their price target on Ross Stores from $59.00 to $63.00 and gave the company a "hold" rating in a research report on Wednesday, March 1st. The ex-dividend date of this dividend is Friday, June 2nd. The Return on Equity ratio of Ross Stores Inc . Taking a look back at some historical performance numbers for Ross Stores, Inc .

Business

Comey Testimony Before Lawmakers in Doubt After Special Counsel Named

Mueller will have sweeping powers and the authority to prosecute any crimes he uncovers. On Wednesday, a deputy attorney general named former FBI Director Robert Mueller to lead the Russian investigation. Rosenstein said the Mueller appointment was "necessary in order for the American people to have full confidence in the outcome". In Rosenstein's meetings with lawmakers, he reiterated the scathing critique laid out in his memo concerning Comey's handling of the investigation into ...

Business

Oil market seesaws over U.S. supply increases, OPEC cut

USA crude oil was up 32 cents, or 0.7 per cent, at $49.67 a barrel, after finishing the previous session at $49.35 a barrel, the highest close since April 26. U.S. crude inventories fell by 1,8-million barrels for the week to May 12, less than the of 2,4-million barrels that had been forecast. And analysts now say U.S.

Business

Ford to cut 10 percent of global workforce

Ford Motor Co is planning to shrink its workforce of salaried employees in both Asia and North America by as much as 10% in its attempt to boost its profits and its sliding price of stock, said sources familiar with its plans. Michelle Krebs, an analyst with AutoTrader, said Ford may be taking a prudent action to prepare for declining USA industry sales. In January, Ford also added 700 MI jobs, following criticism from Trump over plans to increase production in Mexico.

Business

Robert W. Baird Reiterates Neutral Rating for Juniper Networks, Inc. (JNPR)

Juniper Networks (NYSE:JNPR)'s trailing twelve month revenues are $5.11 Billion, whereas its price to sales ratio for the same period is 2.22. Barclays PLC upped their target price on Juniper Networks from $28.00 to $29.00 and gave the stock an "equal weight" rating in a report on Thursday, January 26th.

Business

Global oil supply dips by 41000 bpd in April

On Wednesday, the rise in both benchmarks was seen after the news of drop down came in USA crude inventories and a dip in US output. The U.S. Energy Information Administration said inventories fell 1.8 million barrels in the week to May 12 to 520.8 million barrels.

Business

Pockets hit as inflation reaches a three-year high

Matt Whittaker, chief economist at the Resolution Foundation, said: "Having hovered close to zero back in 2015, inflation has really picked up in 2017, doubling in the last six months alone and now at its highest level for nearly four years".

Business

Yamana Gold Inc. (AUY) Stock Rating Upgraded by Vetr Inc

A number of other brokerages have also weighed in on AUY . Growth in EPS is an important measure of management performance because it shows how much money the company is making for it's shareholders, not only due to changes in profit, but also after all the effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition).

Business

Alibaba quarterly profits almost double to USD 1.55 bn

Revenue from e-commerce business rose 47 percent to 31.57 billion yuan in the first quarter. Its core e-commerce business remains strong, thanks to robust consumption in the world's second largest economy. Like its U.S. rival Amazon - which claims more than 300 million customer accounts - Alibaba has expanded into a wide range of services, including cloud computing and media, via its Youku Tudou video hosting service.

Business

Sean Spicer Rebuts Report that Trump Asked Comey to Pledge His Loyalty

Trump's warning prompted new accusations of interference in an investigation into allegations of collaboration between Russian Federation and the Trump presidential campaign previous year. Former director James Comey was abruptly fired on Tuesday . "Did he order Comey to end the investigation?" They said Trump was prompted by a scathing memo written by Deputy Attorney General Rod Rosenstein, only to acknowledge Trump had been planning to fire Comey regardless of the recommendation.

Business

DeVos Education Budget Cuts Public Education To Fund Religious Schools

Another $250 million will be spent on "Education Innovation and Research Grants", which would be dedicated for expanding school vouchers for private schools and for studying the impacts of these vouchers. The new education budget should not be a surprise. That money would be added to the $15.9 billion that the Title I program will receive under the 2017 budget .

Business

Gap profit jumps 12.6 pct (GPS)

While arriving at a price target, analysts and investors alike use various metrics to determine where the stock might be directed. Blackrock Advsrs Ltd invested in 0.15% or 6.42 million shares. ILLEGAL ACTIVITY NOTICE: This report was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & global copyright & trademark legislation.

Business

Shopper tackles a DEER in a Minnesota Wal-Mart

A Wal-Mart shopper in central Minnesota wrestled a deer to the ground and held it down until the animal could be set free, authorities said Wednesday. "It came in through the garden doors, and it must have been eating the flowers or something", said customer Stephanie Koljonen. She said Tom Grasswick was the person to capture the deer.

Business

Free Dunkin' Donuts frozen coffee taste test today

Earlier in May, the coffee-and-donut chain launched Frozen Coffee, a blended beverage replacing the chain's cult favorite Coffee Coolatta . Many viewed the Coffee Coolatta as a sweet, decadent treat. There are still giveaways taking place today. The fun design makes the day a Frozen Friday by adding an icy motif to your image, and can be unlocked at any of Dunkin' Donuts' U.S.

Business

Three-Storey Building Collapses In Lagos

He told the News Agency of Nigeria (NAN ) in Lagos that as at 12.35 a.m. Friday morning, three dead bodies had been recovered. 16 people have so far been rescued and taken to hospital. "Meanwhile, others with serious injuries were rushed to the hospital". The National Emergency Management Agency and Lagos state Fire Service are now at the scene of the incident.

Business

Campbell Soup misses profit, sales estimates; trims sales forecast

The stock decreased 0.82% or $0.47 during the last trading session, reaching $56.94. Van ECK Associates Corp now owns 2,918 shares of the company's stock worth $176,000 after buying an additional 543 shares during the period. Looking forward, for the quarter ending Jan-17, 10 analysts have a mean sales target of 2,216.94 million. She said the company would raise its earnings outlook, however, to 2 to 4 percent for adjusted earnings and 3 to 5 percent for adjusted EPS.

Business

Shares slip from highs as Macron win seen priced in

The Prime Minister added that he is looking forward to working with Macron to further deepen the cooperation between India and France. The message crossed French borders: Germany's foreign minister, Sigmar Gabriel, laced his welcome for Macron with a warning to the French: "If he fails, in five years Mrs.

Business

Foot Locker Disappoints Investors In First Quarter

Todd Asset Management LLC now owns 467,014 shares of the textile maker's stock worth $31,626,000 after buying an additional 147,267 shares in the last quarter. Foot Locker reported first-quarter earnings of $1.36 a share, trailing the $1.38 predicted by analysts. Shares were down 0.6% in 2017 through Thursday, while the S&P 500 has gained 5%.

Business

Mortgage rates retreat amid political turmoil in Washington

The 15-year FRM also decreased slightly to 3.27%, down from 3.29% last week, but still up from 2.81% last year. The borrowing cost on 30-year mortgages, the most widely held type of USA home loan, averaged 4.02 percent in the week ended May 18, down from 4.05 percent the previous week, the mortgage finance agency said.


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