Markets
China trade war progressing - TDS
China said it would take unspecified countermeasures after US tariffs on $200 billion of its exports rose to 25% from 10% as of Friday. The U.S. told China it has a month to secure a trade deal or face tariffs on all its exports, ratcheting up pressure after it accused President Xi Jinping's government of backpedaling on promises. [Full Article...]
Petrol price cut by up to 50 paise: Check fuel rates here
While the worldwide crude oil prices are likely to surge in a month's time due to geo-political tensions in Iran, the experts hope the petrol and diesel prices to remain stable till the elections get over on May 19, as the government would not like to upset common people during elections. [Full Article...]
RBA: Need two cuts to reach trend growth - TDS
Also, the central bank pointed that more detailed attention needs to be given to Australia's labour market at its upcoming policy meetings. That's the latest projection of the Reserve Bank of Australia. The lift in underlying inflation back to the bottom of its target also comes despite an expectation that wage growth, as measured by the ABS Wage Price Index, will only accelerate to an annual pa... [Full Article...]
Regulators Approve New Silicon Valley Stock Exchange
The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. Ries is a San Francisco entrepreneur and author of The Lean Startup , a book in which he advocates for the creation of an exchange like LTSE. [Full Article...]
BA-owner IAG reiterates flat profit guidance as fuel prices weigh
Since the International Airlines Group (IAG) was earned on this Basis, 3.2 billion euros. However, passenger revenue rose 5.2 per cent to €4.6bn, helping push total revenue up nearly six per cent to €5.3bn. Passenger revenue per available seat kilometre, a key industry metric for profitability, was down 0.8% to 6.16 euro cents, versus 6.21 cents a year ago. [Full Article...]
Elon Musk to face trial over 'pedo' claim against rescue diver
In calling for the trial, Judge Wilson said a jury would not "necessarily" see Musk's comments as factual, pointing to an email the CEO sent to a BuzzFeed reporter that meant to prompt an investigation into Unsworth and said to, "stop defending child rapists", continuing the idea the British man was involved in unverified crimes. [Full Article...]
Brexit stockpiling helps economy rebound
Britain's gross domestic product (GDP) increased by 0.5 percent in the first quarter of 2019, up from 0.2 percent in the previous quarter, according to preliminary figures released on Friday by the Office for National Statistics ( ONS ). 'The relatively strong growth figures for Q1 may just be a flash in the pan, ' said Tej Parikh, an economist at the Institute of Directors . The Bank of Engl... [Full Article...]
Symantec Corporation (NASDAQ: SYMC) president and CEO Greg Clark has stepped down
Richard Hill was formerly CEO of semiconductor maker Novellus Systems, giving him experience in enterprise sales, an area where Symantec has faltered. The consumer security division's revenue of $605 million was above expectations of $601 million. Symantec expects to produce non-GAAP revenue between $4.76 billion and $4.90 billion in fiscal 2020, along with non-GAAP EPS between $1.65 an... [Full Article...]