Economy

Tata Motors Reduces Up To 1500 Employees As Part Of Restructuring Exercise

Tata Motors Reduces Up To 1500 Employees As Part Of Restructuring Exercise Consolidated profit and revenue in Q4 was lower due to translation impact from Pound to Indian Rupee. JB Chemicals: In its Q4FY17, the company reported a net profit of Rs 42.15 crore, which was down by 17% year-on-year (YoY). The Financial Results for the Quarter and Year ended March 31, 2017, are enclosed. For the fourth quarter, revenues were 10% higher at £7.3 billion and pre-tax profit... [Full Article...]

Duterte declares martial law in southern Philippines

Partly in response to American criticism, Duterte has loosened the Philippines' traditionally strong ties with its ally. The objective of Tuesday's raid was to capture Isnilon Hapilon , a leader of the Abu Sayyaf group which is notorious for piracy and for kidnapping and beheading Westerners. [Full Article...]

Senate panel narrows Flynn document request

Senate panel narrows Flynn document request Republican Chairman Richard Burr and Democrat Ranking Member Mark Warner have expressed their disappointment in Flynn's decision and have made it clear he won't be getting immunity. Trump in February fired Flynn over the misleading statements, but he has since defended Flynn and his integrity. John Brennan says that when he was Central Intelligence Agency director he shared classified inf... [Full Article...]

Why has Theresa May had to rework commitments on social care?

Under the proposals unveiled last Thursday in her party's manifesto, people would have to pay for their social care if they had assets worth more than £100,000. But if she gains less than an impressive majority, her electoral gamble will have failed. But in briefings and press releases the party explicitly rejected it, arguing that the system was "fairer and more equitable" than such a system, w... [Full Article...]

Perdue Weigh in on NAFTA Renegotiations

Perdue Weigh in on NAFTA Renegotiations Renegotiation of Nafta was a key campaign promise of American president Donald Trump , who frequently said the 23-year-old trade pact was a "disaster" that has drained U.S. Canada Foreign Affairs Minister Chrystia Freeland, who met with Lighthizer on May 16 and meets her Mexican counterparts in Mexico City next week, also said the negotiations must be among the three nations. [Full Article...]

Moody's: Dragon economy to lose strength; debts to soar

Moody's Investors Service downgraded China's sovereign rating to A1 from Aa3 today, with a stable outlook. "While ongoing progress on reforms is likely to transform the economy and financial system over time, it is not likely to prevent a further material rise in economy-wide debt, and the consequent increase in contingent liabilities for the government", it said. [Full Article...]

Eurozone jobs growth running at 'near-decade highs'

Eurozone jobs growth running at 'near-decade highs' In Greece, short-dated government bond yields rose sharply and banking stocks fell after euro zone finance ministers failed to agree debt relief for Greece with the International Monetary Fund and did not release new loans to Athens. "As much as the pessimism at the start of the year was exaggerated, the current euphoria is as well". Buoyant demand meant firms across the bloc built up backlogs... [Full Article...]

Glencore Makes Takeover Approach to Bunge

Glencore Makes Takeover Approach to Bunge In a sign of its limited appetite to negotiate a sale to Glencore , Bunge said it was "committed to continuing to execute its global agri-foods strategy and pursuing opportunities for driving growth and value creation". Its shares are up more than 11% this year. Several years of commodity price declines have helped spur the series of mega-deals now reshaping the seed and chemical industry, in... [Full Article...]

Poor and disabled big losers in Trump budget; military wins

Poor and disabled big losers in Trump budget; military wins Trump's budget , like all presidents', represents policy priorities and is an opening bid in negotiations with Congress over spending. "The president is right to take a close look at spending", says Sen. Republicans are under pressure to deliver on promised tax cuts, the cornerstone of the Trump administration's economic agenda. The cuts could "hobble our ability to provide tomorrow's cures ... [Full Article...]

Unicef chief hails Roger Moore as 'champion for children''

Based on the long-running book series by Leslie Charteris, The Saint ran for six series on TV, starting in 1962, and featuring 118 episodes in total. Moore appeared in 13 additional pictures during his career as " Bond ", but followed the end of his role as "007", he would take fives years off from the silver screen. [Full Article...]

Celtics-Cavs Odds: Boston Enters Game 4 As Huge Underdogs Again

Celtics-Cavs Odds: Boston Enters Game 4 As Huge Underdogs Again Did you know NBA Commissioner Adam Silver was so anxious about the league's TV ratings that he rang up LeBron James and told him to take it easy on the Celtics? And while James was criticized in some circles for not doing more, Celtics coach Brad Stevens was understandably cautious in his analysis. [Full Article...]

Greek bailout talks end with no deal

Greece will receive billions of euros to repay the institutions it has borrowed money from in time for a crucial July deadline, avoiding another situation that could plunge the country into crisis - as when it almost defaulted on its loans in 2015. [Full Article...]

Germany, France pledge new effort to strengthen eurozone

Germany, France pledge new effort to strengthen eurozone Germany and France have pledged to help strengthen the eurozone, with the harmonisation of corporate taxes among the possible measures considered. "We've been talking for years about progress in the integration of the eurozone, but things aren't advancing quickly enough or far enough", Le Maire said. [Full Article...]

'Evil losers' behind Ariana Grande concert attack

I extend my deepest condolences to those so terribly injured... and to the so many families of the victims. "We stand in absolute solidarity with the people of the United Kingdom". "We must seize them together". "This wicked ideology must be obliterated", he declared. We can not stand a moment longer for the slaughter of innocent people. [Full Article...]

Essex Property Trust Inc (ESS) Stock Rating Upgraded by Zacks Investment Research

The price/earnings ratio (P/E) is 17.58 and the forward P/E ratio stands at 32.28. The Company's segments include Carolinas/Richmond; Chicago/Milwaukee; Florida; Houston; Lehigh/Central PA; Minnesota; Philadelphia; Southeastern PA; United Kingdom, and Other, which includes Arizona; Atlanta; Cincinnati/Columbus/Indianapolis; Dallas; DC Metro; New Jersey; Southern California, and other. [Full Article...]

The French Election Results Aren't as Clear as They Seem

The French Election Results Aren't as Clear as They Seem The party's Vice President, Florian Philippot, who is gay, said the party must now undergo major change, with a new name being inevitable. Macron handily defeated far-right National Front leader Marine Le Pen in Sunday's presidential runoff, and now must pull together a majority of lawmakers in the mid-June legislative election . [Full Article...]

Trump heads for Bethlehem to see Palestinian leader

Most of the major streets in the Old City of Jerusalem were shut down for the visit, preventing storeowners from opening their businesses and tourists from visiting the sites. No Arab-Israeli war has ever been ignited by the Palestinian issue, as highlighted by the conclusion of the 1948-49 war, at which point Egypt, Jordan, Iraq and Syria occupied Gaza, Judea and Samaria (the West Bank ) and... [Full Article...]

Ivanka Trump receives $134m women's fund donation from Saudi Arabia and UAE

Since the 1979 Islamic Revolution brought the ayatollahs to power, Iran has been the world's central banker for terrorists , financing, arming and training them. " I am speaking of course of Iran ", Trump said. While neither country is in a position to dictate to Trump where to fly, his arrival nonetheless reflects the warming relationship between them. [Full Article...]

Donald Trump is 'exhausted'

Israeli ministers have approved a number of measures aimed at improving the Palestinian economy and facilitating crossings, said to be at Mr Trump's request. Trump told his audience of autocrats: "We are not here to lecture you". A bomb blast at a Bangkok army hospital injured at least two dozen people on the third anniversary of a military coup, police said. [Full Article...]

Manchester Arena blast: What we know so far

Prime Minister Theresa May said the incident was being treated as a terrorist attack. Canadian officials have expressed concern and solidarity with the British people. The pop world also rallied, with Katy Perry tweeting: "Praying for everyone at Ariana Grande's show". "Innocent lives lost. I'm so sorry to hear this", Nicki Minaj tweeted. [Full Article...]


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