Markets

What role is Roger Ailes playing in Donald Trump's campaign?

The campaign's new leadership combines Bannon, a combative conservative, with Conway, a data-driven analyst who has been trying to broaden Trump's appeal to women and independent voters. Conway was repeatedly asked about immigration after both Univision and BuzzFeed reported that Trump sounded like someone who could be open to legalize some of the undocumented immigrants who are already in the country at a meeting with Hispanic leaders on Saturday. Read More

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Global stocks ease back after earnings-driven gains

The Dow Jones industrial average fell 14 points, or 0.1 percent, to 18,598 as of 11:15 a.m. The S&P energy index rallied 1.3 per cent, making it the top gainer among the 10 major sectors, led by a 1.26 per cent rise in Chevron . The stock fell $2.44 to $68.85. Investors are concerned about higher levels of USA crude production and that a coming meeting among major oil producers may not alleviate the global supply glut. Read More

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Urjit Patel to be new RBI governor

Urjit Patel to be new RBI governor

Ensuring undisruptive redemption of Dollars 20-25 billion, inflation control and bank cleanup will be the main challenges that will face Urjit Patel, who takes over as the 24th Governor of Reserve Bank early next month. - controlled by India's richest man, Mukesh Ambani. He has also played a key role in setting up the inflation-targeting mechanism at the RBI, which means Rajan's legacy of taming India's sticky inflation problem would continue. Read More

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Administration OKs new fuel-efficiency standards for trucks

That's why we support the new Phase II standards for medium and heavy-duty trucks . "Freight trucks use nearly 120 million gallons of fuel every day, and emit hundreds of millions of metric tons of climate pollution each year". "This next phase of standards for heavy and medium duty vehicles will significantly reduce greenhouse gas emissions while driving innovation, and will ensure that the United States continues to lead the world in developing fuel efficient technologies through the ... Read More

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Turkish and Russian presidents meeting raise eyebrows

Petersburg. An "axis" between Moscow and Ankara would be a victory for Putin, also in terms of resolving the Syrian crisis. He added that the two countries are working to restore charter flights from Russian Federation to Turkey. Turkish relations with the US and European Union countries have suffered in that time as well. It is also pertinent to be mentioned here that US Secretary of State John Kerry is also expected to visit Turkey in the coming weeks to discuss the crucial issues which ... Read More

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Tesla minibus and semi truck set to debut next year, CEO says

Tesla minibus and semi truck set to debut next year, CEO says

Tesla reported an adjusted net loss of ($1.06) per share, larger than consensus estimates, which called for a loss of ($0.52) per share. The filing to the U.S Securities and Exchange Commission also included the statement that the company would be using considerable cash amounts related to conversions of 2018 Notes and they might even pursue other actions in a bid to reduce their balance of convertible notes. Read More

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India Inc appreciates Rajan's last monetary policy review

Dr Rajan, however, strongly defended his controversial public speeches as "perfectly legitimate" ones within the remit of a central bank head and asserted that he was never critical of the government in any instance. In the morning, Rajan said he wants to "completely utilise" the remaining 28 days in office and intends to introduce measures like peer to peer lending guidelines and measures to deepen the corporate bond market. Read More

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Facebook hates ad blockers so much it now blocks them

Facebook hates ad blockers so much it now blocks them

From a technical standpoint, Facebook is able to circumvent ad blockers relatively easily because it loads ads into its service itself. But, analysts say, as mobile device usage grows, so too will the use of mobile ad blockers. Adblock Plus, one of the most popular adblockers for Chrome, Safari and other web browsers, called Facebook's move "anti-user". It's possible that ad blockers will find a way around this in the future, but it'll be a lot more work for them. Read More

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GST good but tax rate should not exceed 18%: Rahul

The upper house passed what is called the Constitution (One Hundred and Twenty-Second Amendment) Bill, 2014, with 203 ayes in the final vote. GST will also give a boost to organised service providers leading to greater efficiencies, better use of technology and cost advantages, he said, adding these could result in savings to the tune of 30 to 50 per cent. Read More

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Brazil disappoints again in men's soccer, draws Iraq 0-0

Given that Brazil prioritized winning their first Olympic gold over the Copa America Centenario this summer, a group-stage exit might be more embarrassing than the infamous 1-7 against Germany two years ago. Portugal snatched its second consecutive win when they faced Honduras in Group D, booking a last eight berth. The host country's global woes continued Sunday night when Brazil tied lowly Iraq , 0-0, in group play. Read More

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Feared Dead After Floodwaters Collapse Indian Bridge

About 20 boats with almost 160 personnel of Coast Guard, NDRF, and Navy, apart from local fishermen and rafters, are at the work to find the remains of the two buses and other vehicles, which are also suspected to have been swept away. There were two bridges on the Highway the bridge that goes from Mumbai To Gao and the other one that goes from Goa to Mumbai . No survivors or bodies have been recovered despite a gruelling 14-hour search and rescue operation yesterday. Read More

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Rangers to acquire Carlos Beltran from Yankees for Dillon Tate, additional prospect

Rangers to acquire Carlos Beltran from Yankees for Dillon Tate, additional prospect

The New York Yankees continued the immolation of their current roster right up to the trade deadline. Red Sox-Yankees trades are rare, but they do happen. Beltran, who has been the subject of trade rumors over the past month, is the third Yankee dealt before the August 1 trade deadline. The New York Yankees have already traded away relievers Aroldis Chapman and Andrew Miller , signaling a seller's mentality with deadline less than a day away. Read More

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Global stocks steady, lower oil prices cap gains

Global stocks steady, lower oil prices cap gains

Prices dropped to a 13-year low in February, but have since risen around 60%, though they remain sharply lower than two years ago when prices hovered at around $100 a barrel. Cheap crude has led refiners to produce more fuel worldwide, adding to the oversupplied market. "We have more than ample supply around the world", said Gene McGillian, a senior analyst and broker at Tradition Energy in Stamford, Connecticut. Read More

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