Tag Archives: but

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 »

Urjit Patel: An RBI governor who doesn’t talk but acts

Raghuram Rajan had taken over as governor of the central bank in the world’s fastest-growing major economy in the thick of the taper tantrum in September 2013 when the local currency was depreciating every day against the dollar and inflation was in double digits. His predecessor D Subbarao had witnessed the collapse of iconic US investment bank Lehman Brothers a ... Read More »

BRICS Summit 2017 has potential to boost trade, economy, finance but members need to start work now

The idea of BRIC emanated from an investment bank which had conjectured a theoretical possibility of four countries in the developing world, i.e. Brazil, Russia, India and China, taking on the role of engine to growth for the world economy. This concept gained more relevance after the financial crisis set in where it was believed that the emerging markets were ... Read More »

GDP Growth Seen Picking Up To 6.6% In Q1 But GST A Hurdle: Poll

Bengaluru: The country’s economic growth likely accelerated to 6.6 per cent in the quarter just ended, but analysts polled by Reuters are sounding increasingly worried that confusion over the Goods and Services Tax (GST) will dampen activity in coming months. The forecast, from a survey of over 40 economists taken over the past week, compares with growth of 6.1 per ... Read More »

Market ‘a little bubbly,’ but pullback coming, expert says

With the earnings propelling equities to new highs, investors will have to wait for an opportunity to get into the market, experts told CNBC on Monday. The Dow Jones industrial average notched its ninth straight record close Monday, ending up 25.61 points at 22,118.42, amid a stronger-than-expected earnings season. “Earnings have been getting better and better,” trader Peter Costa said. While he’s not ... Read More »

ITC’s cigarettes business lit up Q1 results but cess hike a wet blanket

In the June quarter, 93% of the increase in ITC’s segment profit over a year ago was contributed by the cigarettes business. Photo: Reuters LATEST NEWS » Elon Musk likened to common car dealer as Model 3 can reach $59,500 India Today group CEO Ashish Bagga steps down Spotify is coming after Apple with a new podcast initiative Nitish Kumar ... Read More »

Dow halts 4-session skid, but Nasdaq slumps as technology stocks stumble

The Dow industrials on Monday ended a string of daily losses at four, but the Nasdaq Composite faltered, putting pressure on the broader market. The Dow Jones Industrial Average DJIA, +0.07%  rose 14.79 points, or less than 0.1%, at 21,409.55. The Nasdaq Composite Index COMP, -0.29%  shed 18.10 points, or 0.2%, to 6,251 as Apple Inc. AAPL, -0.31%  dropped 0.3%, ... Read More »

Shivraj Singh Chouhan on indefinite fast, but Madhya Pradesh farmers continue stir

A file photo of Madhya Pradesh chief minister Shivraj Singh Chouhan. Photo: Pradeep Gaur/Mint Bhopal: Facing an agrarian unrest in Madhya Pradesh, Chief Minister Shivraj Singh Chouhan on Saturday launched an indefinite fast here with an appeal for peace and met farmer leaders, but failed to reach a compromise, while the opposition Congress dismissed it as mere “drama”. No major ... Read More »

State Bank of India (SBI) cleared on cash transaction charges: Rs 25 will be charged but only …

SPECIAL THINGS 25% charge per withdrawal on withdrawal of money from SBI Bank Big ATM Media reports that SBI would charge 25 rupees for all ATM transactions SBI Bank has given clearance in this regard. New Delhi: Country’s largest bank, State Bank of India (SBI) has made changes in the service charge of some cash transactions related to ATM withdrawals, ... Read More »

Brexit economy: workers face squeeze but firms remain upbeat

Shoppers apparently shrugged off any worries about rising prices to keep spending in April. Photograph: Luke MacGregor/Reuters The Brexit squeeze on household budgets has intensified over the past month, but companies and investors remain cautiously optimistic about the economic outlook in the run-up to the election, a Guardian analysis shows. With a fortnight to go until the general election, the ... Read More »