Economy

But the project has drawn brickbats from many people who instead want the government to devote its resources to infrastructure, education and development. He said that they must declare their untaxed income and then "sleep peacefully". He said people had written to him "in large numbers", asking him "not to feel exhausted, not to stop and take the most stringent measures..." Modi praised the common man for supporting his demonetisation move and said people have been rather patient.
  • Wall Street's Post-Election Rally Paused in Mixed Trading Day

    Economy

    Goldman Sachs rose 1.7 percent and Regions Financial rose 2.1 percent. FedEx's fell 2.5 percent after reporting earnings that fell fell short of Wall Street's forecast as expenses rose. Brent crude, the worldwide standard, gave up 17 cents to $55.04 a barrel in London. They're trading at their highest prices in about 18 months after a big six-week rally.
  • Dow Jumps 100 Points, Nearing Milestone 20000 Mark

    Dow Jumps 100 Points, Nearing Milestone 20000 Mark

    Economy

    That helped financial firms. Goldman Sachs added $2.79, or 1.2 percent, to $241.86 and Regions Financial rose 34 cents, or 2.3 percent, to $14.62. Strong earnings from cruise line operator Carnival lifted its shares 2.3 percent. Linde and Praxair began talking about a possible deal in August, but a few weeks later Linde said they'd failed to agree on details. CURRENCIES: The dollar, which has been trading at 14-year highs, continued to gain strength.
  • Tear gas fired in DR Congo at anti-Kabila protesters

    Tear gas fired in DR Congo at anti-Kabila protesters

    Economy

    On Tuesday sporadic gunfire crackled in several districts of the capital Kinshasa , a city of 12 million, as measures to thwart dissent fanned fears of more violence. France urged the European Union re-examine its links with Congo because of the "seriousness of the situation". Since September, members of the Congolese opposition have been protesting against President Joseph Kabila.
  • Signs of balance lift oil prices higher

    Economy

    Notably, the oil-price volatility of the last two years is not without precedent. The US JP Morgan bank has revised the forecasts for oil prices upon OPEC's historic agreement to cut production in conjunction with non-OPEC. "We're up today because Goldman Sachs bumped up its oil estimates and the Russians said their oil companies would reduce output", said Phil Davis, managing partner of venture capital fund PSW Investments in Woodland Park, New Jersey.
  • Obama Protects Federal Waters From Oil Companies, Trump Administration

    Obama Protects Federal Waters From Oil Companies, Trump Administration

    Economy

    The federal government has placed a moratorium on offshore oil and gas licensing in the Arctic, a measure which will need to be reviewed every five years. The Center for Biological Diversity - one of more than 45 environmental, coastal and indigenous groups that have been asking Obama to permanently protect USA waters since writing a joint legal petition in March - hailed today's decision.
  • Beloved Harlem deer with one antler to be euthanized, city officials say

    Beloved Harlem deer with one antler to be euthanized, city officials say

    Economy

    Cuomo stepped in again Thursday night, saying the state government would personally transport the deer out of the city. A permit from the state is required to relocate deer in NY. The deer was caught Thursday near West 155th Street after he wandered out of Jackie Robinson Park , where he had been drawing crowds for about two weeks.
  • Consumer prices slip in the West, but are up from past year

    Consumer prices slip in the West, but are up from past year

    Economy

    The Labor Department said its Consumer Price Index rose 0.2 percent last month as gasoline price increases slowed and food costs remained soft. The result reflects the fact that gasoline prices rose 2.5 percent last month, less than half the 6.7 percent October gain.
  • Nusli Wadia says had differences with Ratan Tata over Nano draining funds

    Nusli Wadia says had differences with Ratan Tata over Nano draining funds

    Economy

    He had previously made a plea to non-promoter shareholders to "save the soul of Tata Group" by voting against his removal from the board. "Almost 20% of shareholders of TCS-that accounts for more than 70% of non-promoter shareholders-supported Cyrus by voting against the resolution or abstained (expressing their disapproval of the promoter actions)", the statement said.
  • 5 held with Rs 3.25 cr in old notes

    Economy

    Meanwhile, the five men have identified as the Ansari Abuzar, Fazal Khan, Ansari Affan, Ladu Ram and Mahaveer Singh but it is believed that all the five people are just the carrier and the money belongs to some Mumbai-based hawala operators.
  • India's Wholesale Price Inflation Eases Further

    India's Wholesale Price Inflation Eases Further

    Economy

    NEW DELHI-Wholesale inflation in India eased to the lowest level in five months in November as a currency shortage and brighter farm prospects helped ease price pressures. However, the price of ragi (20%), gram (10%), coffee (10%), wheat (5%), poultry chicken and barley (4% each) and bajra, fish-inland, tea, fish-marine, egg and jowar (1% each) moved up.
  • Goa IT sleuths seize Rs 67.98 lakh at Banda

    Goa IT sleuths seize Rs 67.98 lakh at Banda

    Economy

    The exchange limit was later reduced to Rs 2,000 on November 18, while it was discontinued at banks from November 24, on suspicions that certain unscrupulous elements were using the option related to exchange of old notes to legalise unaccounted cash by using the gullible.
  • Bill Gates leads big names in $1bn climate change battle

    Bill Gates leads big names in $1bn climate change battle

    Economy

    Microsoft founder Bill Gates is heading a $1 billion venture as part of his Breakthrough Energy Coalition, which he launched in December 2015. A string of millionaire entrepreneurs and business captains are joining Gates, including Amazon founder and chief executive Jeff Bezos , PayPal and LinkedIn founder-turned VC Reid Hoffman, Sun Microsystems co-founder Vinod Khosla , Alibaba Group chief Jack Ma and the co-founder of SAP, Hasso Plattner.
  • Putting Energy in the Energy Department

    Economy

    This is major shift for Perry, as he denounced Trump's candidacy when he swung his support to Ted Cruz. "I'm not a scientist, (but) short term, I'm substantially more concerned about Iran changing the temperature of NY". Perry had also been talked about as a potential secretary of defense, agriculture or veterans affairs. But supporters said Perry led a state that has always been a leader in energy production, first in oil and natural gas and now in wind power and other renewable energy as ...
  • Matt Terry crowned X Factor victor 2016

    Economy

    Clearly stunned, Matt dropped to the floor upon hearing that he had become the show's eighth solo male victor, before warmly embracing mentor Nicole in his arms. "You are now part of that chapter". From his first audition, it was clear that Terry would be in the final, but post-win, it's hard to imagine him achieving the success that the show promises.
  • Titans of new industry spring $1 billion clean energy fund

    Titans of new industry spring $1 billion clean energy fund

    Economy

    Announced on Monday an global group of institutions and wealthy executives, including Microsoft's Bill Gates and Ma, are committing $1 billion to an investment fund that will support emerging energy technologies with the goal of reducing greenhouse gas emissions.
  • Oil prices surge to 2-month high as production cut

    Economy

    Treasury yields hit a more than two-year peak on Monday after the world's top crude producers agreed to cut output. Following the weekend agreement between OPEC and key non-OPEC states that set the markets alive, Brent crude futures were up $1.97 at $56.30 per barrel, having hit a session peak of $57.89, the highest since July 2015.
  • Tata Steel agrees deal with union chiefs to save 8000 United Kingdom jobs

    Economy

    The jobs have been at risk since March when Tata Steel announced it was putting its United Kingdom business up for sale amid losses of more than £1m a day, sparking a political crisis as the government scrambled to secure the future of Port Talbot, which is one of only two sites in Britain that produces steel in blast furnaces.
  • Fox approaches Britain's Sky for takeover

    Fox approaches Britain's Sky for takeover

    Economy

    After announcement of the deal, share price of Fox fell 1.5 percent to $28.21 on Friday in NY, while Sky soared 27 percent to £10 in London. Taking control of Sky gives 21st Century Fox, which owns cable networks Fox News, FX and the Fox broadcast channel and a major Hollywood film studio, a distributor in Europe.