Economy

Sebi bans Kishore Biyani for insider trading

Sebi bans Kishore Biyani for insider trading

A probe by Sebi found that this arrangement had come into existence on March 10, 2017, and Kishore Biyani and others traded in the shares of Future Retail between March 10 and April 20, when they ...

by · Economy
Private Sector Employment Rose by 174K in January

Private Sector Employment Rose by 174K in January

Economists polled by The Wall Street Journal were expecting it to show a lower gain of 50,000 jobs. The goods-producing sector added 19,000 jobs, while the service-providing sector added 156,000. Th...

by · Economy

Oil Price Rally Triggers Overbought RSI Signal Ahead of OPEC Meeting

Nevertheless, recent developments in the RSI offers a constructive outlook as the oscillator climbs above 70, with the push into overbought territory likely to be accompanied by higher oil prices like...

by · Economy

Oil hits 11-month high after fall in US crude stocks

WTI for next year topped $50 a barrel on Wednesday to trade at the highest since February. "With inventories starting to drop in 2H20, the structure of the futures curve has shifted to become downwa...

by · Economy
Australian Open players to isolate after positive Covid test at hotel

Australian Open players to isolate after positive Covid test at hotel

He is now in a health hotel. It's a guard that was working in one of the tennis quaratine hotels. Between 500 and 600 Australian Open players, officials and support staff will go into isolation af...

by · Economy
India's Services Industry Improved in January; Job Cuts Continued

India's Services Industry Improved in January; Job Cuts Continued

The latest activity snapshot from financial data firm IHS Markit, where a score over 50 signals growth, plunged to 39.5 in January as the latest restrictions shuttered businesses from hairdressers to ...

by · Economy
Microsoft supports Australian Government in new media proposal

Microsoft supports Australian Government in new media proposal

However, it has also recently agreed to pay 120 French media companies more than $142 million over the next three years to promote its Google News Showcase product, while Prime Minister Scott Morri...

by · Economy
Alberta records six new cases of COVID-19 variants

Alberta records six new cases of COVID-19 variants

As of Sunday, there were 43 active cases in Cold Lake and 66 cases in the Municipal District of Bonnyville. In 24 hours, 355 new cases have been identified with 7,300 tests performed for a positivit...

by · Economy
Exxon Mobil Reports Heavy Losses

Exxon Mobil Reports Heavy Losses

Tan Sri Wan Zulkiflee Wan Ariffin, the former president and group chief executive officer of Malaysia's national oil company, is now on the board of directors of U.S. Exxon's oil and gas output was fl...

by · Economy
Wall Street climbs ahead of Amazon, Alphabet earnings; stimulus in focus

Wall Street climbs ahead of Amazon, Alphabet earnings; stimulus in focus

For the year, Cloud segments brought in $13.06 billion in revenue and reported an operating loss of $5.6 billion. Google's advertising business contributed $46.2 billion in revenues in the quarter...

by · Economy
Data Breach Exposes 1.6 Million Jobless Claims Filed in the Washington State

Data Breach Exposes 1.6 Million Jobless Claims Filed in the Washington State

A data breach may have exposed the personal information of 1.6 million residents who filed for unemployment benefits past year, as well as other information from state agencies and local governments, ...

by · Economy
Jeff Bezos Is Stepping Down As CEO Of Amazon

Jeff Bezos Is Stepping Down As CEO Of Amazon

Amazon Web Services, the cloud computing giant led by the now-future Amazon CEO, closed out 2020 with more than $13.5 billion in annual operating profits, responsible for more than 63% of the entire c...

by · Economy
Broad Support for Biden’s Covid Relief Agenda

Broad Support for Biden’s Covid Relief Agenda

The supplements are in addition to state benefits. The U.S. Chamber of Commerce is urging the Biden administration not to go around Republicans to pass the president's $1.9 trillion stimulus package...

by · Economy
Eurozone 4Q GDP falls less than expected; another fall seen in 1Q

Eurozone 4Q GDP falls less than expected; another fall seen in 1Q

The European Union's statistics office Eurostat said that according to its preliminary flash estimate, gross domestic product in the 19 countries sharing the euro fell by 0.7 percent quarter on qu...

by · Economy
Talks to revive Italian govt fail, all eyes on president

Talks to revive Italian govt fail, all eyes on president

Meanwhile, the Italian president has summoned the former European Central Bank President Mario Draghi as the head of state said he wanted to put together a new, "high profile" government. More than ...

by · Economy
Australia calls Google's bluff; Microsoft offers Bing as replacement

Australia calls Google's bluff; Microsoft offers Bing as replacement

Meanwhile, the Australian Financial Review reported that Microsoft had told Morrison that Bing is capable of filling the void created by Google's exit. "We will continue to make our case to the Au...

by · Economy
Oil prices rise as major producers commit to cut crude output

Oil prices rise as major producers commit to cut crude output

According to Stephen Innes, global market strategist at Axi, "the critical take away from yesterday's oil market recovery rally is that OPEC + members seem to be taking their commitment to output cut...

by · Economy
Indigo Paints Makes Stellar Stock Market Debut, Lists At Premium Of 75%

Indigo Paints Makes Stellar Stock Market Debut, Lists At Premium Of 75%

The ₹1,000 crore share sale concluded with the subscription of a little over 117 times the offer value on January 22. Nirali Shah gave subscribe call to Indigo Paints for listing gains and said,...

by · Economy
Chevron, ExxonMobil Discussed Merger in Early 2020

Chevron, ExxonMobil Discussed Merger in Early 2020

The reason the talks ended could not be learned. Sources requested anonymity because the matter is confidential. According to the newspaper, the value of the combined company could be as high as $...

by · Economy
Oil prices rise in spite of new coronavirus variants discovery

Oil prices rise in spite of new coronavirus variants discovery

Brent crude futures were up 36 cents, or 0.7%, at $55.40 a barrel while US West Texas Intermediate ( WTI ) gained 24 cents, or 0.5%, to $52.44. The U.S. The week started with newswire reports assess...

by · Economy
Silver prices surge to five-month high as retail buyers pile in

Silver prices surge to five-month high as retail buyers pile in

The 37.05m increase in the number of shares of the iShares Silver Trust on Friday was the biggest one-day increase since the ETF started trading in April 2006, data from BlackRock show. The flood ...

by · Economy
Explained: Why the agri-infra cess will not impact consumers

Explained: Why the agri-infra cess will not impact consumers

The Finance Minister said that there is an immediate need to improve agricultural infrastructure "so that we produce more, while also conserving and processing agricultural output efficiently. With ...

by · Economy
Ryanair on track for record losses

Ryanair on track for record losses

Budget airline Ryanair has warned shareholders that it will lose nearly €1 billion in the current financial year as it updates investors on trading. Before the pandemic erupted, Ryanair had hoped ...

by · Economy
United Kingdom online fashion retailer ASOS buys Topshop and three other brands

United Kingdom online fashion retailer ASOS buys Topshop and three other brands

It is the biggest transaction so far in the break-up of the Arcadia empire, which employed 13,000 people and operated from more than 400 stores when it collapsed into administration at the end of No...

by · Economy
Philippines expects 5.6m Covid vaccine doses by end-March

Philippines expects 5.6m Covid vaccine doses by end-March

According to Domingo, the vaccine from AstraZeneca developed with Oxford University has an efficacy rate of 70% after the first dose. These are indemnity and liability frameworks, including the requir...

by · Economy
Digital Budget 2021: 'Made in India' tablet replaces 'bahi-khata'

Digital Budget 2021: 'Made in India' tablet replaces 'bahi-khata'

The Congress MP from Kerala's Waynad took to Twitter and tweeted, " Budget 2021 must: -Support MSMEs, farmers and workers to generate employment. Ever since the beginning of the COVID-19 pandemic ...

by · Economy
China's manufacturing, services sectors weaken in January

China's manufacturing, services sectors weaken in January

Sunday's data also showed that the PMI for China's manufacturing sector came in at 51.3 in January, edging down 0.6 percentage points from December. A sub-index for small firm activity stood at 49...

by · Economy
United Kingdom to apply for Trans-Pacific Free Trade Agreement

United Kingdom to apply for Trans-Pacific Free Trade Agreement

CPTPP members include New Zealand , Japan , Australia, Canada , Vietnam , Singapore, and Mexico . The CPTPP might sound like an official has accidentally lent on their computer keyboard - but it...

by · Economy
Wall St tumbles after J&J vaccine data, GameStop effect weighs

Wall St tumbles after J&J vaccine data, GameStop effect weighs

Shares of Johnson & Johnson fell 4% after the drugmaker said its single-dose vaccine was 72% effective in preventing COVID-19 in the United States, with a lower rate of 66% observed globally. On the m...

by · Economy
Chinese conglomerate announces bankruptcy

Chinese conglomerate announces bankruptcy

The local government of Hainan Province a year ago stepped in and established a working group with other agencies to help solve HNA's financial woes, the company said in February 2020. It also hopes...

by · Economy
Is there private equity interest in Marston's?

Is there private equity interest in Marston's?

All of Marston's 1,368 pubs across the country remain closed because of the coronavirus lockdown. The listed company said the move was an "unsolicited non-binding proposal" from Platinum Equity Advi...

by · Economy
GOP senators offer to negotiate with Biden on COVID relief

GOP senators offer to negotiate with Biden on COVID relief

The Republican senators offered an approximately $600 billion COVID-19 relief package - an offer that falls short of Biden's $1.9 trillion relief plan - and requested a meeting with the President to d...

by · Economy

Six-point plan includes mandatory on-arrival testing for worldwide travellers

Provincial health officials confirmed 1,848 new infections, a decrease from the 2,063 cases reported the previous day. Prime Minister Justin Trudeau had announced a similar policy to test global...

by · Economy
Tesla Updates the Model S With a New Interior, 520 Mile Range

Tesla Updates the Model S With a New Interior, 520 Mile Range

The U.S. electric vehicle maker made a $721 million profit in 2020, reversing its $862 million loss in 2019. Tesla's pandemic-defying performance has been supported by surging demand from China an...

by · Economy
New vaccine shows mixed but promising results in testing

New vaccine shows mixed but promising results in testing

Fauci said this finding makes the case even stronger for as many people to get vaccinated as quickly as possible to prevent the spread of this and other variants from other countries - as well as ne...

by · Economy