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Finance

Patel told mediapersons that "the meeting was good", and Banerjee said she was satisfied with the discussion. In her letter to the RBI chief, Banerjee said: "We would like to know from you the nature of allocation of new currency to each of the states in a spirit of transparency and accountability, since there are serious concerns of political discrimination amongst states".
  • Non-OPEC oil producers to cut output 558000 barrels a day

    Non-OPEC oil producers to cut output 558000 barrels a day

    Finance

    In India, Asia's No.2 oil consumer behind China, fuel demand rose 12.1 per cent in November compared with the same month a year ago, hitting 16.64 million tonnes (4.07 million bpd). Oil prices had climbed on Friday as hopes grew of a deal. That move saw Brent and West Texas Intermediate, or WTI, crude jump by over 4 per cent to $US56.68 and $U53.97 on Monday.
  • Grammy Nominations Pit Beyoncé Against Adele

    Grammy Nominations Pit Beyoncé Against Adele

    Finance

    The singers garnered 17 combined nods in numerous same categories, including Record of the Year and Best Urban Contemporary Album . Up against Beyoncé in all three categories is British pop sensation Adele, whose "25" is the best-selling album of 2016, fueled by the global hit "Hello".
  • Italy's largest bank to shed $18.8B in bad loans, cut jobs

    Italy's largest bank to shed $18.8B in bad loans, cut jobs

    Finance

    The company also planned to shut up 944 branches in Italy, Germany and Austria by 2019. UniCredit's gains saw the stock finally recover its losses since the United Kingdom's Brexit vote in June which spurred a selloff across periphery bank stocks with Italy's banking stocks the hardest hit.
  • House prices to inch up 2% next year, says Rightmove

    House prices to inch up 2% next year, says Rightmove

    Finance

    It forecast growth of just two per cent nationally, and five per cent in inner London (where figures published yesterday showed average prices increased just 0.1 per cent in November ). The British Pound took a knock in Asian trading on Monday following more tepid price data from the United Kingdom's housing market. "The sword of Brexit uncertainty hangs over the market, an unknown factor that may - or may not - have damaging consequences for the economy and confidence", said Miles ...
  • Gas Prices in Lincoln are Up

    Gas Prices in Lincoln are Up

    Finance

    The West Coast region experienced a drop in gas prices, according to AAA, while the other regions saw prices increase as crude oil prices went up. Prices at the pump jumped by almost 2 cents a gallon in the past week locally - 3 cents nationally - as fuel price hikes continue to trail the surge in oil prices after OPEC agreed to curtail production last week.
  • Heavyweight champ Joshua back at Wembley for defining fight

    Finance

    Obviously a win over Klitschko would look great on Joshua's record, but if the win comes in apparently easy fashion once again, fans will feel cheated. Such is Joshua's pulling power that a host of leading heavyweights crammed into the sold-out Manchester Arena to witness his successful second defence, including David Haye and Tony Bellew, who were kept apart by layers of security at ringside.
  • Chapman, Yankees reach deal for $86M, 5 years

    Chapman, Yankees reach deal for $86M, 5 years

    Finance

    The person requested anonymity because the deal has not been announced. "You have to think long and hard about where you place your multiyear bets", Hoyer said Wednesday after acquiring closer Wade Davis from the Kansas City Royals for promising outfielder Jorge Soler .
  • Top UK Judges Grill Government Lawyer on Brexit Plans

    Top UK Judges Grill Government Lawyer on Brexit Plans

    Finance

    Wolffe argued that Brexit would impact on devolved matters, and that meant the London parliament should be involved. James Eadie QC warned of the long-term implications if the Government lost the landmark case and accused the rival camp of walking a "tight rope" and creating a "serious constitutional trap".
  • Airtel offers free voice calls bundled with data

    Airtel offers free voice calls bundled with data

    Finance

    In the same pack, customers with 4G handsets will get 1 GB of data in addition to voice benefit. Also, the prices of the unlimited calling packs may vary from circle to circle. These are priced at Rs 148 and Rs 348 respectively. Another recharge of Rs 348 will allow users to make free local and STD calls on any network in the country.
  • Four Olympic sports, one Paralympic lose United Kingdom funding for Tokyo 2020

    Finance

    Badminton is the only sport to have won a medal - a single bronze - in Rio that had its funding cut completely. It may not be the end of the story as Christie has confirmed through a variety of sources that the decision will be appealed to Sport Resolutions (UK), but for the immediate future the outlook is bleak for the professional UK badminton players.
  • 21st Century Fox Makes Offer for Sky

    Finance

    Sky said: "The independent directors of Sky note today's share price increase, and announce that Sky has received an approach from 21st Century Fox, Inc". News Corp. has since split into 21st Century Fox and News Corp, parent company of The Wall Street Journal. The announcement of the bid to the Stock Exchange saw Sky shares jump almost 30% to £10.26.
  • Oil hits six-week high after OPEC deal, bond yields rise

    Oil hits six-week high after OPEC deal, bond yields rise

    Finance

    A $5 increase in the price of a barrel of oil could result in a 13 cent hike in gas prices, according to AAA . If the group maintains the agreed cuts, oil could trade in the US$50 to US$60 range, Morgan Stanley said. USA and Global futures this morning were trading for more than $50 a barrel. Analysts said the cuts could leave the field open for other producers, especially US shale drillers.
  • FCA plans to tighten rules around investment and loan crowdfunding

    Finance

    The new rules include more prescriptive requirements on the content and timing of disclosures by both loan-based and investment-based crowdfunding platforms. A core aim of new rules would be to have a clearer boundary between crowdfunding and asset management, he said. The regulator has previously warned investors they may lose all their money with so-called equity crowdfunding which involves taking stakes in unlisted start-ups, or make loans to them, similar to the way venture capitalists do.
  • Teetering Italian bank looks for investors

    Teetering Italian bank looks for investors

    Finance

    The European Central Bank (ECB) has reportedly rejected requests from struggling bank Monte dei Paschi, putting further pressure upon the Italian government to intervene. In the new atmosphere of crisis, the proposed recapitalisation of troubled lenders - in particular Monte dei Paschi di Siena - is threatened. The pound has slipped back from a two month high as the government announced plans to stick to its Brexit timetable.
  • Restoration Hardware Holdings, Inc. (NYSE:RH) Analyst Estimates

    Restoration Hardware Holdings, Inc. (NYSE:RH) Analyst Estimates

    Finance

    Fifth Third Bank has 0% invested in the company for 1,500 shares. However, it managed to surpass the Zacks Consensus Estimate of 16 cents. The company also reported revenue of $549 million, beating analysts' prediction of $527.13 million. The company's stock has a market capitalization of $883.46 Million. Will the Share Continue to go Down the Hill? Nordea Investment Management AB raised its stake in Restoration Hardware Holdings by 7,429.1% in the second quarter.
  • EU starts legal action against 4 states over VW emissions

    Finance

    Officials in Brussels said Germany, Britain, Spain and Luxembourg were accused of not imposing the same kind of penalties VW faced in the United States over its use of illegal software to mask emissions of nitrogen oxide (NOx) on tests. But the Commission lacks the authority to fight Volkswagen. No country has penalized the vehicles it previously licensed in spite of probes revealing the use of defeat devices in Germany, Britain, Italy and France.
  • Brexit case sees starkly different views of UK constitution

    Brexit case sees starkly different views of UK constitution

    Finance

    Ministers added an amendment to Labour's non-binding opposition day motion calling on the publication of the plans before Article 50 is triggered, which begins the formal process of Brexit . Michel Barnier, the European Commission's chief Brexit negotiator, said that if Theresa May is able to trigger Article 50 by her March deadline, an agreement can be finalized by October 2018.
  • Bank of Canada keeps key interest rate target on hold

    Finance

    In October the BOC lowered its forecast for Canada's Gross Domestic Product to grow by 1.1 percent this year, down from 1.3 percent forecast in July, and to 2.0 percent in 2017, down from 2.2 percent. The Bank of Canada is set to make its last interest rate announcement of the year today. "Following a very weak first half of 2016, growth in the third quarter rebounded strongly, but more moderate growth is anticipated in the fourth quarter", the BoC said.
  • Oil prices soar after OPEC deal

    Finance

    This will be the first time since 2008 that OPEC would be accomplishing such a feat which is expected to tackle the key challenge of low price of oil in the worldwide market which has affected the global economy with most OPEC member countries including Nigeria feeling the impact.
  • A possible loophole in FCA CFD crackdown

    A possible loophole in FCA CFD crackdown

    Finance

    The FCA said there has been an increase in the number of firms in the " contract for difference " market and it is concerned consumers are opening and trading products "that they do not adequately understand". The FCA's proposed measures are meant to ensure an appropriate level of consumer protection. The FCA also wants providers to set lower leverage limits for inexperienced retail clients who do not have 12 months or more experience of active trading in CFDs, with a maximum of 25:1.
  • 000 coffee shops as it target

    000 coffee shops as it target

    Finance

    At the moment, there is only one Reserve store open for business - in Seattle, where Starbucks has its beginnings. There's only one Roastery in Seattle now with one coming in Shanghai in 2017, one in Tokyo and another in New York City in 2018, and one in Europe that will be announced early next year.
  • Amazon Introduces Grocery Store without Lines

    Amazon Introduces Grocery Store without Lines

    Finance

    The corporation has just opened a brick-and-mortar grocery store dubbed "Amazon Go" in Seattle , Washington and plans on opening 2,000 more locations of varying types. There is just 1800 sq. ft. offering fresh meals, bread, cheese, milk, pre-made snacks and so on. But Amazon Go isn't only a threat to brick-and-mortar supermarkets; others have noted that it threatens retail workers' jobs as well.
  • US, Western leaders calling for immediate Aleppo cease-fire

    Finance

    There are corpses on the streets. The cease-fire proposal was signed by the Aleppo command center, apparently a reference to the collection of factions fighting inside the eastern enclave. The proposal calls for the immediate evacuation of 500 seriously wounded and for allowing civilians wishing to leave to head to northern rural Aleppo , where there is nearly no government presence.
  • Trump Comments On Drug Prices Sink Biotech

    Trump Comments On Drug Prices Sink Biotech

    Finance

    Trump's comments to Time suggest that this may not have been idle campaign rhetoric. The value of biotechnology stocks, for example, which enjoy large profit margins under current law, rose 9% in the day after Trump's election, a rally of relief that the price controls Clinton had proposed would not happen.
  • Markets Right Now: US stocks waver as crude oil price slumps

    Markets Right Now: US stocks waver as crude oil price slumps

    Finance

    USA stocks closed higher Wednesday with the Dow industrials and S&P 500 notching new records, shaking off early weakness in the health-care sector to extend gains. USA government bond prices rose slightly. U.S. stocks edged higher in more cautious trading on Tuesday, as buying fatigue began to weigh on investors ahead of next week's FOMC meeting.
  • Carrier, fresh off Trump talks, increases prices due to higher costs

    Finance

    Businesses have for years been urging Washington to lower its 35% corporate tax rate. Providing tax breaks to any company that threatens to move its operations across the border, however, could cause more problems than it solves. The tweets came days after Trump and aides celebrated a deal with the Carrier heat and air conditioning company, which abandoned plans to move some jobs to Mexico after the state of IN provided $7 million IN tax incentives .
  • Italy hit by market volatility after referendum defeat

    Finance

    Renzi announced he would step down in the early hours of Monday after his constitutional reform was rejected by 59.1 percent of voters, a wider margin that had been expected. Government borrowing costs hit record low or even negative rates for countries like Germany, Italy and Spain, but those low rates also created an earnings shortfall for large banks that carry government bonds on their balance sheets.
  • India, Afghanistan Corner Pakistan On Terror At Heart Of Asia Summit

    Finance

    Raja's statement comes on the backdrop of the sixth "Heart of Asia" conference wherein Afghanistan President Ashraf Ghani held bilateral talks with Prime Minister Narendra Modi. Russia's special envoy on Afghanistan today said all parties involved in the war-torn country's reconstruction must work together and that the Heart of Asia was not the platform for India and Pakistan to score brownie points.
  • Innovia working on "potential solutions" to five-pound notes

    Finance

    A petition to ban the new £5 notes has attracted more than 100,000 signatures. The Vegan Society said: "Tallow is a rendered form of beef or mutton fat, processed from suet". ABC.com.au says a number of religious groups, including Hindus, Sikhs, and Jains are also concerned because many are either vegetarian or consider cows sacred creatures.