Money

by | September 11, 2018 | 07:18

Delhi's state government was receiving Rs 15.68 per litre as VAT/sales tax on petrol sold on April 1. The central government collected Rs 2,88,442 crore from indirect taxes on crude oil and other oil products in FY18. The benefit of the sales tax reduction, therefore, has worn off, fallen to below 50 paise. A statement by the Centre of Indian Trade Unions called upon all its members to back the Bandh call against the "unprecedented economic burden being imposed by the BJP-led Modi ...

by | September 11, 2018 | 01:10

Trump said Friday that tariffs on China worth $200 billion would "will take place very soon depending on what happens". "To a certain extent it's going to be up to China", he said. In its letter, Apple argued that the way US trade officials calculate the USA trade balance - attributing the entire value of a product to a country like China where final assembly happens - fails to reflect the true value that Apple generates in the United States.

by | September 10, 2018 | 22:26

President Trump has a solution for how Ford and Apple can avoid getting dinged by his administration's tariffs: shift their manufacturing to the U.S. Mr. Trump presumably learned about Ford's decision to cancel the Focus Active from a TV news program and inferred the announcement meant that Ford would build the CUV in America.

by | September 10, 2018 | 18:43

Petrol and diesel retail prices touched record levels on Monday with hiked prices in the national capital. Petrol dealers said that for the last two weeks, fuel prices have been increasing continuously at least by 20 paise to 30 paise every day.

by | September 10, 2018 | 17:41

Xinhua/Sipa USA/NewscomIn what seems like an admission that his trade war is neither "good" nor "easy to win", President Donald Trump tweeted over the weekend that prices for Apple products, like iPhones, "may increase because of the massive Tariffs we may be imposing on China ".

by | September 10, 2018 | 14:29

The interview lasted over two hours and saw the billionaire CEO sip whiskey and talk about everything from AI overlords to emotional lamentations of fossil fuels. Tesla's stock was down by more than 5 per cent in morning trading. Morton's brief tenure with the company coincided with the aborted go-private push.

by | September 10, 2018 | 13:08

The group has the ability to nominate the majority of directors on the company's board, and now five of Alibaba's eleven board members have been nominated by the partnership. Last year, he made his acting debut with his first kung fu short film Gong Shou Dao, in which he sparred with martial arts master Jet Li. Since handing over the CEO role, Ma has concentrated on philanthropy and promoting Alibaba internationally at business and political events.

by | September 09, 2018 | 23:27

Mr. Moonves, who faces an ongoing investigation into numerous allegations of sexual harassment, has been talking to the board about an exit that would include a payout for far less than the $180 million stipulated in his employment agreement, according to three unnamed sources who spoke to the Times.

by | September 09, 2018 | 10:29

On Friday, the oil marketing companies increased the prices of petrol by 48 paise and that of diesel by 52 paise per litre in Delhi. Opposition Congress has demanded that the Centre cut excise duty as was done by previous governments, which cut rates whenever worldwide oil prices shot up.

by | September 08, 2018 | 21:26

But 2018 Chinese imports through July were up almost 9 per cent over the same period of 2017, according to US Census Bureau data. The Trump administration has already imposed 25% tariffs on $ 50 billion worth of Chinese goods , meant to punish Beijing for alleged unfair trade practices and intellectual property theft.

by | September 08, 2018 | 12:33

For all the recent talk about long-term bullish behavior and bitcoin reaching $10,000 by November, it's becoming clearer and clearer that analysts have no idea what they're talking about, and it's almost impossible to predict where cryptocurrencies will go considering they are all still too vulnerable to outside news and influence.

by | September 08, 2018 | 05:56

US officials say that violates China's free-trade commitments and worry it might erode American industrial leadership. The Trump administration is poised to impose 25% penalties this week on $200 billion of Chinese goods in an escalation of their fight over USA complaints that Beijing steals or pressures companies to hand over technology.

by | September 07, 2018 | 22:58

The electric auto maker's market share is expected to go down to 2.8 percent from the 12.3 percent it is enjoying now. Porsche recently announced the name of its Taycan electric performance vehicle, which will hit the market next year. Cloaked in a visually stunning body created from carbon fibre, extreme levels of technology and functional design define the PF0, delivering a staggering performance for a road vehicle: a stated ambition to accelerate from 0-100 kmph in less than two seconds, ...

by | September 06, 2018 | 23:58

But despite the public optimism, negotiators face a tough task ahead. The two sides broke off talks Friday as Trump formally notified Congress of the deal with Mexico , saying Canada might join later. There are however a number of contentious issues in the U.S. Canadian and US negotiators could not reach a deal to meet Trump's deadline last Friday .

by | September 06, 2018 | 19:15

Analysts had predicted the economy would grow 0.6 percent in the latest quarter. Earlier Briefly.co.za reported what the recession meant for the country and now we're looking at four reasons why Ramaphosa can start biting his nails over the SA economy.

by | September 06, 2018 | 15:46

JD.com, the company which Liu founded in 1998, is an e-commerce juggernaut in China and the main competitor to industry leader Alibaba . Elder said the alleged attack reportedly occurred at 1am local time on Friday, and that Liu was taken into custody later that evening.

by | September 06, 2018 | 02:11

Maravilla found an old McDonald's shirt at Goodwill for $7 and dressed up as an employee. On July 13, Maravilla, Toledo and friends snuck the over-sized poster into the Pearland McDonald's and proceeded to hang it on the wall without being detected.

by | September 06, 2018 | 01:46

The sanctions were originally halted in 2015, when China , Russia, Britain, France, Germany, the European Union, Russia, the UK, Iran and the USA signed the Joint Comprehensive Plan of Action - also known as Iran nuclear deal. expects a plunge of 1.5 to 1.7 million in daily shipments by the end of this year from current levels of about 2.5 million. Brent crude oil was up 20 cents at $77.84 a barrel by 0745 GMT.

by | September 05, 2018 | 09:25

Capuano would be the second Democrat and fourth House incumbent to lose a primary ahead of the November midterms. It's not a sight you see every day, certainly not around Boston - a black woman mounting a plausible challenge to a 10-term white congressman from her own party, a politician with vast connections who votes the progressive line and opposes everything Trump.

by | September 05, 2018 | 05:14

Shares of the e-commerce giant gained about 2% in trading on Tuesday to hit an all-time high of $2,050.27. It crossed the line at 16:40 BST before falling back slightly. Now, Amazon has followed in Apple's footsteps - the online retail giant successfully snagged the trillion-dollar company title for itself today, albeit temporarily.