Markets
MoviePass raises plan price from $10 per month to $15
Answers to those questions continue to arise as MoviePass announces an upcoming price hike, as well as restrictive access to blockbusters. Worse yet, first run movies opening on "1,000+ screens" will be "limited in their availability" during the first two weeks unless otherwise made available on a promotional basis. [Full Article...]
Reach slides as it swings to a loss on regional impairment charges
Reporting its first half-yearly results since the group bought the Express & Star newspapers from Northern & Shell Media in February, the company warned there was now "greater uncertainty" for its regional titles over the medium term. Sales of Reach's national newspapers all fell in the period, with circulation for the Daily Mirror down by 13.9%, the Daily Star down by 12.1% and the Daily... [Full Article...]
Sales tax on school, emergency supplies to take holiday August 3-5
Wisconsin's first ever Sales Tax Holiday starts Wednesday (August 1 - August 5) and there's a list of items you can buy sales tax free. Items to help Virginians prepare for and recover from all hazards, including hurricanes, floods, and tornadoes include: batteries, light sources, radios, miscellaneous items, chain saws, portable generators and Energy Star and WaterSense products . [Full Article...]
Loans to get costlier as RBI hikes repo rate again
Still, a sizable numbers of analysts and market participants believe the RBI could hold off and not hike interest rates, noting that the recovery is nascent and bank credit to corporates is not yet free flowing. They also give major weightage to their cost of deposits while calculating MCLR. New borrowers: Post this rate hike, if you plan on taking a loan, you should not wait any longer. [Full Article...]
Deutsche Bank Shifts Chunk of Euro Clearing to Frankfurt From London
As reported by Deutsche Welle (DW), Germany's worldwide broadcaster, Deutsche Bank is one of the five largest clearers of interest derivatives and their tilt toward Frankfurt is a boost to the financial services market in Germany, which is in line to take significant business from London, depending on how the Brexit cards ultimately fall. [Full Article...]
Trade wars do not benefit anybody: Tata Motors
This comes as its subsidiary, Jaguar Land Rover (JLR), posted lower revenues due to fewer vehicles sold in the period. The company posted higher sales of its new Jaguar E-Pace compact SUV and the Range Rover Velar , helping offset drop in deliveries of models such as the Land Rover Discovery Sport. [Full Article...]
Gay couple bumped from airline seats to make room for straight couple
David and his partner chose to leave the flight to avoid humiliation, but he made sure to air his grievances afterward. He continued: "I can not believe that an airline in this day and age would give a straight couple preferential treatment over a gay couple and go so far as to ask us to leave". [Full Article...]
Indian central bank raises rates for second time
The repo rate is the rate at which the RBI lends money to commercial banks. This is the first time since October 2013, where RBI has gone for a back-to-back rate hike. If liquidity is tight, banks may undertake a rate hike. Sixty percent of the economists polled believed that there may be a 25 basis points (bps) rate hike, while the remaining expected a status quo. [Full Article...]