Finance

Breaking up big U.S. banks

Breaking up big U.S. banks

During the repeal of Glass-Steagall Act, the banks of U.S. had an authority to own both investment banking operations and High Street banks in the year 1999. The S&P 500 bank index .SPXBK quickly retr...

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China's Xi decries protectionism, touts Silk Road

China has signed cooperation deals with 68 countries and global organisations during the two-day Belt and Road Forum. Over 20 heads of state were attendance, including Turkish President Recep Erdoğa...

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200000 cyberattack victims in 150-plus states - Europol

After that it was used to hack many machines across the internet. Researchers remained on high alert for new variants that could lead to a fresh wave of infections. "The fact is the NHS has fallen v...

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Australia banks could make customers pay for surprise tax

But it also introduced plans for an $8 billion tax increase phased in over four years through the Medicare levy to pay for disability insurance. The government said existing training benchmarks have...

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Things to know about the latest ransomware cyberattacks

Other organisations targeted worldwide included Germany's rail network Deutsche Bahn, Spanish telecommunications operator Telefonica , French carmaker Renault, US logistics giant FedEx and Russia's I...

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US homebuilder sentiment climbs higher in May

US homebuilder sentiment climbs higher in May

Scores for each component are then used to calculate a seasonally adjusted index where any number over 50 indicates most homebuilders view conditions as good rather than poor. The index "reliably" for...

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Liberals eke out win as minority government

Clark also deflected questions about her role in the Liberal Party's loss of seats. She said voters sent the message they want a bigger economy, not a bigger government, while keeping middle class t...

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Buffett: United made 'terrible mistake' with dragged passenger

Berkshire is also one of the largest investors in United rivals American Airlines Group Inc, Delta Air Lines Inc and Southwest Airlines Co. "We're not going to change anything at the railroad just f...

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Trump Is Open To Raising The Gas Tax

Trump Is Open To Raising The Gas Tax

White House Chief of Staff Reince Priebus told ABC's "This Week" the Trump administration's tax reform push may target the so-called carried interest loophole used by some financial managers to lo...

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$124bn for China's Silk Road

They also "reiterate the importance of expanding economic growth, trade and investment based on level playing field, on market rules and on universally recognised global norms". However, some Western ...

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Conductor to be charged with causing 'catastrophe' in deadly Amtrak crash

But at state level, the Pennsylvania Attorney General , Josh Shapiro, said the scope of his charges "go beyond" what was considered in the Philadelphia case. In response, attorneys filed a private co...

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How lawmakers get their health care

How lawmakers get their health care

In Gallup's most recent survey, the ACA had an approval rating of 55 percent, its highest to date. Doctors groups like the American Medical Association, seniors groups like the AARP, patient groups ...

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Aadhaar not mandatory for PAN, ITR in J&K, Assam & Meghalaya

Aadhaar not mandatory for PAN, ITR in J&K, Assam & Meghalaya

Now, IT department has an opened a link on its website homepage (https://incometaxindiaefiling.gov.in/) to simplify linking of two unique identities of the citizens without having to open the e-fili...

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Iran keen to deepen ties with South Korea under new president

Iran keen to deepen ties with South Korea under new president

While some are anxious that Moon and Trump's summit might take place too soon, it's critical for the two leaders to quickly meet, share their opinions and find a compromise in light of the vacuum in t...

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China to agree on economic cooperation with 30 countries

A high-level forum on worldwide cooperation within the framework of the "One belt, one way" strategy was held in Beijing on May 14-15. In 2013, the Chinese president proposed the Belt and Road For...

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Derek Jeter Denies He's Trying to Buy Marlins After Yankees Retirement Ceremony

Derek Jeter Denies He's Trying to Buy Marlins After Yankees Retirement Ceremony

Sunday night, The New York Yankees held ceremonies to retire his number and dedicate the plaque that has been placed in Monument Park. Jeter, who played his final season in 2014 after a 20-year ca...

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Oil prices rise in Asia in expectation of Aramco supply cut

Oil prices have plummeted from around $100 a barrel in 2014 to less than $50 now after a spike United States shale oil production. U.S. crude production is expected to rise by more than previously e...

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North Korea says missile test aimed at testing carrying large nuclear warhead

Tensions around North Korea's activities with both nuclear and non-nuclear weapons have drastically escalated in recent months, after Pyongyang conducted a number of nuclear tests and ballistic missil...

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Express your love for Mom with these Mother's day quotes

Express your love for Mom with these Mother's day quotes

So Mother play an important role in the history of a human. Little ones could give her a coupon book filled with things like a free foot massage, take out the trash or a free hug and kiss, all thing...

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JPMorgan buys office building in Ireland amid Brexit fears

JPMorgan buys office building in Ireland amid Brexit fears

Ireland's financial services minister, Eoghan Murphy, said in a statement on Monday that JPMorgan's announcement was "a welcome vote of confidence in the strength of Ireland's offering and Dublin's st...

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London stocks hit record high on rallying oil price

London stocks hit record high on rallying oil price

The global "ransomware" cyber attack disrupted factories, hospitals, shops and schools, but spurred investors on Monday to buy stocks set to benefit from higher cyber security spending by firms and go...

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New S. Korean administration's response to N. Korea's missile test

New S. Korean administration's response to N. Korea's missile test

State media paraphrased North Korea's leader as saying that "the most ideal weapon systems in the world will never become the eternal exclusive property of the USA", warning that "the US should not ...

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China's economy slows in April as credit tightens

China's economy slows in April as credit tightens

Home prices in China's biggest cities were likely to rebound if government curbs were relaxed, a senior official from the country's top economic planner was quoted as saying in late April, suggesting ...

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Venezuela hopes no country hinders China's 'fantastic' Silk Road initiative

The deals came as Pakistani Prime Minister Nawaz Sharif met Chinese President Xi Jinping ahead of the Beijing summit expected to be attended by leaders from at least 29 countries to promote Xi's visio...

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Mobile and Sprint merger talks have started up again

Mobile and Sprint merger talks have started up again

The resumption of talks may have been triggered by an April 27th deadline passing that concluded a spectrum auction blackout period for participants to pursue deals. 3,52,405 crores) - about $23 billi...

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United Says Some Cockpit Door Passwords Compromised

United Says Some Cockpit Door Passwords Compromised

Beleaguered United Airlines, an operating unit of United Continental Holdings (NYSE: UAL ), admitted that details of its cockpit security have been made public. The flight deck access procedures inclu...

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IT Industry Layoffs May Continue Up To 2 Years, Say Experts

IT Industry Layoffs May Continue Up To 2 Years, Say Experts

Similarly, Wipro and Tech Mahindra are also either firing employess or handing them single-digit appraisals citing cash crunch. Wipro has also reportedly started the process of making the organisa...

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Emergency Declared At Nuclear-Contaminated Site In Washington State

Crews working at the Hanford Nuclear Reservation following a tunnel collapse on Tue., May 9, 2017. Hanford, located in southcentral Washington state, has about 9,000 employees and a lot of them were...

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Jefferies Group LLC Boosts Dcc Plc (DCC) Price Target to GBX 8500

Compass Group plc (LON:CPG) has risen 6.88% since October 10, 2016 and is uptrending. Over the last twelve months shares in Unite Group PLC have increased by 4.87% from 614.58 to 644.5. It has a 18....

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U.S. to Arm Syrian Kurds

U.S. to Arm Syrian Kurds

The PKK is considered a terrorist group by the U.S., Turkey and the European Union. The news about the USA plan to arm Syrian Kurds comes, as the Trump administration mulls sending as many as 5,000 ...

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Coach buys Kate Spade for $2.4bn (£1.85bn)

Coach buys Kate Spade for $2.4bn (£1.85bn)

Coach will pay $18.50 a share in cash for Kate Spade, a premium of 9% to the closing price on Friday, The two companies also offer a combination of men's wear, ready-to-wear fashion, accessories, frag...

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Civil Rights Groups Vow to Battle Trump's 'Religious Liberty' Order in Court

Civil Rights Groups Vow to Battle Trump's 'Religious Liberty' Order in Court

The order was widely praised by religious organizations that either felt hemmed in by the law or openly violated it, but the American Civil Liberties Union promised to sue to stop it, saying the order...

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Vodacom agrees R34.6bn Safaricom deal to tap Kenyan market

Vodacom agrees R34.6bn Safaricom deal to tap Kenyan market

Vodafone will retain a 12.5% shareholding in Vodafone Kenya. "The proposed transaction will expose Vodacom Group to the attractive high growth Kenyan market, being one of the largest and most adva...

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Oil Gets a Boost From Shrinking US Crude Glut

The bullish inventories report came in after crude prices dipped 1% when EIA highlighted its near-term outlook for US oil production and reiterates its estimates for oil prices. OPEC boosted estimates...

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Trump invites new S Korean president Moon to visit US

Trump invites new S Korean president Moon to visit US

Lee Nak-yon, a regional governor who was a political ally of two former presidents who held summits with North Korea in 2000 and 2007 was nominated as prime minister. But his scope for maneuver will b...

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