Tag Archives: 000

U.S. economy loses 33,000 jobs after hurricanes, first decline in seven years. But unemployment falls to 4.2 percent

Widespread flooding caused by Hurricane Harvey in La Grange, Tex. (Ralph Barrera/Austin American-Statesman/AP) The U.S. economy lost 33,000 jobs in the aftermath of Hurricanes Harvey and Irma last month, the first decline since September 2010. The unemployment rate declined slightly to 4.2 percent, the lowest since February 2001. Analysts had been expecting job growth to slump in September after the one-two punch ... Read More »

US economy creates 209,000 jobs in July

The US economy saw strong jobs growth in July, helped by a wave of hiring in the hospitality industry. The Bureau of Labor Statistics said 209,000 jobs were created in July, which was more had been expected. The unemployment rate edged lower to 4.3%, matching May’s figure which was the lowest since 2001. Employment in food services and drinking places rose ... Read More »

US firms added 227,000 jobs in January

US businesses added 227,000 jobs in January, way above economists’ forecasts of about 175,000. The figure, from the Bureau of Labor Statistics, compares with December’s rise of 157,000, revised up slightly from last month’s first estimate. However, average pay barely rose, and the number of people working part-time but looking for full-time work rose. Even so, the jobs growth suggests ... Read More »

Tesco Bank boss Benny Higgins spent more than £18,000 on taxis

The boss of Tesco Bank spent more than £18,000 on London taxis in just eight months last year, being taken to upmarket restaurants, private members’ clubs and the supermarket’s various head offices despite the tough new approach to costs adopted by the grocer’s chief executive, Dave Lewis. When Lewis arrived at the business in October 2014, he ordered the immediate ... Read More »

HDFC Bank plans to raise Rs 50,000 crore via bonds

The HDFC Bank headquarters in Mumbai. (Reuters file photo) NEW DELHI: Private sector lender HDFC Bank on Friday said it plans to raise Rs 50,000 crore through bonds over one year to fund business growth. The board has accorded approval for seeking shareholders nod at the annual general meeting (AGM) for issue of perpetual debt instruments, Tier II bonds, senior ... Read More »

David Cameron’s mother gave PM £200,000 gift

David Cameron’s mother gave him a £200,000 gift after his father’s death which could potentially avoid inheritance tax, his accounts show. In a first for a UK prime minister, Mr Cameron has released a summary of his tax returns from 2009-15 as he tries to defuse a row over personal finances. The two £100,000 payments were made a year after ... Read More »

Sensex recaptures 25,000, posts fourth weekly gain

The main Sensex losers were Jindal Steel, down 5.07 percent at Rs 377.50; BHEL, down 3.01 percent at Rs 224.20 MUMBAI: : The truncated week saw the market enduring anxiety of deadly terrorist attack in Brussels, while extending gains for the fourth week in a row, as the benchmark Sensex clinched 384.82 points to finish at 25,337.56 and the broader ... Read More »

Festival advance for Maharashtra govt employees hiked to Rs 10,000

Keeping in view guidelines of the Centre, the Maharashtra government has decided to increase the festival advance of non-gazetted employees to Rs 10,000. The advance, which was earlier Rs 5,000, will cover nine major festivals – Diwali, Ramzan Id, Christmas, Parsi New Year, Rosh Hoshnaa (Jewish new year), Buddha Jayanti, Independence Day, Republic Day and Sanvatsari (last day of Jain’s ... Read More »