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Economy

While the government has cut excise duty, petrol prices are likely to remain the same as a new road cess of Rs 8 per litre has been introduced. But petrol and diesel will not be cheap. "We are already on the cusp, in terms of oil prices". As of now, the brent crude oil is hovering over $68 per barrel, after topping $70 mark in mid-January.
  • Crude oil price rises above $70/Bbl again

    Crude oil price rises above $70/Bbl again

    Economy

    Fuel stockpiles are building up: gasoline inventories rose 3.1 million barrels and diesel inventories rose by 600,000 barrels last week, the EIA said. Brent for March settlement rose 57 United States cents to end the session at US$70.53 on the London-based ICE Futures Europe exchange. The API typically discloses its weekly estimates a day before the US Energy Information Administration releases its tally.
  • Morgan Stanley Q4 2017 Earnings Results Send Shares Higher

    Morgan Stanley Q4 2017 Earnings Results Send Shares Higher

    Economy

    Shares of other major banks were flat on Thursday morning. The firm took a charge of $990 million or 55 cents per share for a tax provision. The lower corporate tax rates under the new law lowered the value of those assets. The global bank's Q4 trading revenues were $2.25 billion, a 19.5% drop from a year earlier. Wall Street was looking for earnings per share of $3.55 on revenue of $37.62 billion for the full year of 2017.
  • China's GDP growth hit 6.9% in 2017, beating analyst and government estimates

    China's GDP growth hit 6.9% in 2017, beating analyst and government estimates

    Economy

    Analysts polled by Reuters had predicted full-year investment growth of 7.1 percent, cooling from 7.2 percent in the first 11 months of the year and 8.1 percent growth in 2016. "Real growth of overall exports.more than fully (explained) the pick-up in GDP growth a year ago", Oxford Economics head of Asia economics Louis Kuijs wrote in a note.
  • Bengal receives Rs 17K cr investment proposals on BGBS day one

    Bengal receives Rs 17K cr investment proposals on BGBS day one

    Economy

    Widening her canvas, she said: "I am not talking for Bengal alone". Mr. Ambani shared the dais with Chief Minister Mamata Banerjee , Finance Minister Amit Mitra, steel magnate L.N. Banerjee said the state, which was once synonymous with bandhs, has not lost a single man-day in the past six years and her government was against strikes.
  • Penn student was stabbed at least 20 times

    Penn student was stabbed at least 20 times

    Economy

    Borrego Park, California is where Blaze Bernstein was last seen, January 2, 2018. Carrie Braun, a spokeswoman for the Sheriff's Department, would not confirm to The Associated Press if Bernstein was stabbed but said "the condition of the body at the time it was discovered turned it from a missing person to a homicide immediately".
  • 'Shithole' projected onto Trump's hotel following 'racist' insult

    'Shithole' projected onto Trump's hotel following 'racist' insult

    Economy

    The videos were posted on the Twitter account of Robin Bell, who has staged other projection protests and been likened to a "hit-and-run editorial writer" by The Washington Post . Bell has made news headlines in the past for projecting various messages on buildings with political ties. He reportedly said "Why are we having all these people from shithole countries come here?" and suggested more people from countries like Norway should come to the USA instead.
  • Airbus A380, once the future of aviation, may cease production

    Airbus A380, once the future of aviation, may cease production

    Economy

    Emirates declined to issue an immediate comment. Leahy confirmed a Reuters report that the future of the A380 lies with Emirates, even though other airlines are interested in smaller numbers of the 544-seat jets. Passenger traffic is doubling every 15 years, he said, meaning that the original rationale for the model still holds. For the moment, he said, the only likely customer for those planes is Emirates.
  • December CPI inflation over 5.2%, dashing hopes of RBI rate cut

    December CPI inflation over 5.2%, dashing hopes of RBI rate cut

    Economy

    Consumer non-durables shot up 23.1 percent in December as compared with a growth of 3.3 percent a year ago. The Commerce Department reported Friday that retail sales in the U.S rose 0.4% in December from the month before, meeting a consensus estimate from analysts, and following an upwardly revised November surge of 0.9%.
  • Sports reporter Courtney Roland found after disappearing in Houston

    Sports reporter Courtney Roland found after disappearing in Houston

    Economy

    Driving a blue truck, the man sped off when she got out of her auto in the driveway of her home. Roland was supposed to meet her roommate later, but never showed. She appeared to be unharmed, Houston police tweeted . "She cared for people". Houston police got a tip from a passeryby who spotted Roland under a bridge before 8:15 a.m.
  • Latte Levy: What are businesses doing?

    Latte Levy: What are businesses doing?

    Economy

    Chains Pret A Manger, Costa Coffee, Caffe Nero and Greggs alongside USA firm Starbucks are among the biggest coffee-sellers in Britain, rapidly expanding in the last 10 years to meet increasing demand. Spokesman Mike Turner said: 'The paper cups we manufacture in the United Kingdom are sustainably sourced, responsibly produced, recyclable and. are being recycled.
  • Lalu Yadav's Sentence Will Not Impact RJD's Ties With Us: Congress

    Lalu Yadav's Sentence Will Not Impact RJD's Ties With Us: Congress

    Economy

    A total of six cases related to the scam, were being probed by the investigation authorities. It is unclear whether the 69-year-old will be able to walk out of jail in the near future. He also added that they will approach the High Court for bail. On Friday, Lalu Prasad sought a minimum punishment citing health issues. Lalu Prasad is at present cooling his heels in Birsa Munda Central Jail in Ranchi .
  • Bismarck, Devils Lake Losing Two More Box Stores

    Bismarck, Devils Lake Losing Two More Box Stores

    Economy

    Penney were in particularly hard situations. Sears Holdings Corp. will close two dozen Sears Auto Centers, including three each in California and Texas, as part of a plan to close 103 stores in the company's latest round of closures announced on January 4.
  • Live results for $450M Mega Millions drawing on 01/05/18

    Live results for $450M Mega Millions drawing on 01/05/18

    Economy

    Two ticket holders - one in Rhode Island, the other in MI, split a $42 million prize. "Everything is by chance these days so, you gotta be in it to win it", says Lynn. "If I win, I will tell my kids and grandkids I won, and then I'm out of here!" "I don't play much, but when the number is this big, I'll take a chance", added Singh.