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Finance

Diesel too hit a new lifetime high with prices in Delhi touching Rs 69.06 a litre, Kolkata Rs 71.61 per litre, Mumbai Rs 73.53 a litre and in Chennai Rs 72.91 per litre. Amid the rise in fuel prices, crude oil futures fell 2.73 per cent to Rs 4,485 per barrel on Monday, in line with the weak trend overseas as the market eyed an increase in output from top crude producers - Russia, the United States, and Saudi Arabia.
  • Male Hollywood stars must take pay cuts, says Salma Hayek at Cannes

    Male Hollywood stars must take pay cuts, says Salma Hayek at Cannes

    Finance

    The number of women taking part is the same as the number of films directed by women to have been selected to feature at Cannes in its more than seven-decade history. "We couldn't have done it without a few good men, like my husband", she said, adding that it was "so sexy and unnerving when he comes up with ideas that I should have".
  • Khedira in Germany World Cup squad

    Khedira in Germany World Cup squad

    Finance

    However, Loew's top concern is whether his captain and goalkeeper Neuer will be fit for the World Cup finals, which kick-off on June 14. Mario Gomez could add to his 73 caps in Russian Federation, having previously played in Euro 2008, the 2010 World Cup, Euro 2012 and Euro 2016.
  • Gap Makes Apology to China for Shirt That Omitted Taiwan

    Gap Makes Apology to China for Shirt That Omitted Taiwan

    Finance

    According to the Washington Post , it also drew ire for not correctly demarcating China's claimed territory in the South China Sea . As an independent and sovereign nation, the people of Taiwan will not be subdued by any threat or intimidation, and any such attempts will only stir resentment from the people of Taiwan toward the Chinese government, he added.
  • Iran sanctions, Opec output cuts keep oil prices buoyed

    Iran sanctions, Opec output cuts keep oil prices buoyed

    Finance

    Both haven't hit those levels in more than three years. In China , the world's biggest oil importer, refinery runs rose almost 12 percent in April compared with the same month a year ago, to around 12.06 million barrels per day, marking the second-highest level on record on a daily basis, data showed on Tuesday.
  • Iran turns to China as Europe tries to save nuclear deal

    Iran turns to China as Europe tries to save nuclear deal

    Finance

    Iran's main concern is that renewed USA sanctions will have a far-reaching impact on the willingness of non-American companies and banks to deal with Iran, crippling its trade, oil exports and an already strained economy. In the past week, it has slapped a new series of sanctions against Iran. But the reach of the U.S. financial system, the dominance of the USA dollar, Trump's efforts to weaken the WTO and the presence of European companies' operations in the United States all weaken any ...
  • French FM slams 'unacceptable' U.S. sanctions on Iran

    French FM slams 'unacceptable' U.S. sanctions on Iran

    Finance

    France urged Europeans to stand up to U.S. President Donald Trump over the Iran nuclear deal and not act as "vassals", as the region scrambles to save the 2015 accord and billions of dollars in trade. Which companies could be affected? The IAEA has verified that Iran was abiding by the agreement. "We will do the right thing", Jeff Knittel, chairman of Airbus Americas, was quoted by Reuters as saying .
  • Rudy Giuliani Tells HuffPost: Trump 'Denied' AT&T-Time Warner Merger

    Rudy Giuliani Tells HuffPost: Trump 'Denied' AT&T-Time Warner Merger

    Finance

    AT&T paid Essential Consultants LLC, a firm set up by Cohen, a total of US$600,000 (S480,000) over 2017 for the advice. "Why doesn't the Fake News Media state that the Trump Administration's Anti-Trust Division has been, and is, opposed to the AT&T purchase of Time Warner in a now ongoing Trial", Trump wrote.
  • Hogan Lovells' Tech Team Takes Lead on Walmart's $16 Billion Flipkart Buy

    Hogan Lovells' Tech Team Takes Lead on Walmart's $16 Billion Flipkart Buy

    Finance

    But instead of competing with Flipkart , Walmart has essentially taken over the company. Other major investors, such as Tiger Global , Tencent and SoftBank , will all retain their shares in the company. By buying 77% stake in Flipkart Group for $16 billion , Walmart valued the company at about $21 billion. Their paths crossed at Amazon too, where both worked for this Jeff Bezos led company.
  • Walmart to soon announce its Flipkart deal in India

    Walmart to soon announce its Flipkart deal in India

    Finance

    Nowhere in the world, Walmart has a market place model, " Mr Mahajan said in a letter written to the Prime Minister. Notably, Walmart is going ahead with this in spite of the reported efforts of Amazon to interrupt this deal. "While the immediate focus will be on serving customers and growing the business, Walmart supports Flipkarts ambition to transition into a publicly-listed, majority-owned subsidiary in the future", it said.
  • Disney CEO Bob Iger Not Worried Over Comcast's Fox Bid

    Disney CEO Bob Iger Not Worried Over Comcast's Fox Bid

    Finance

    As part of the historic deal, Disney would acquire 21st Century Fox's critically acclaimed film production businesses, including 20th Century Fox, Fox Searchlight Pictures and Fox 2000 - the homes of Avatar , X-Men, Fantastic Four , Deadpool , The Grand Budapest Hotel , Hidden Figures , Gone Girl , The Shape of Water , The Martian and much more.
  • Weekly National Grid plc (LON:NG) Ratings as of May 6, 2018

    Finance

    Deutsche Bank's target price points to a potential downside of 8.65% from the stock's current price. Hermes Mngmt Ltd owns 0.06% invested in Bunge Limited (NYSE:BG) for 65,762 shares. The stock of Centrica plc (LON:CNA) earned "Hold" rating by Deutsche Bank on Friday, December 11. On Tuesday, May 1 the rating was maintained by Peel Hunt with "Add".
  • Buffett interested in adding to Apple holding at right price

    Buffett interested in adding to Apple holding at right price

    Finance

    Buffett told CNBC that the reports he gets from Berkshire Hathaway's many businesses show that the economy is doing well. Two of Berkshire's biggest stock investments, Wells Fargo & Co (WFC.N) and Coca-Cola Co (KO.N), had tough first quarters, falling 13.6 percent and 5.3 percent, respectively.
  • Sonam Kapoor's wedding celebrations begin

    Sonam Kapoor's wedding celebrations begin

    Finance

    In one photograph, Sonam is seen surrounded by four women, including Bollywood's " henna queen" Veena Nagda, as they draw out customary designs on the " Veere Di Wedding " actress' hand and feet. Sonam Kapoor and Anand Ahuja . Among Bollywood celebrities, there were Jacqueline Fernandez, Siddhanth Kapoor, Rani Mukerji, Varun Dhawan and filmmaker Karan Johar.
  • Buffett says health partnership will likely have CEO in 'couple months'

    Buffett says health partnership will likely have CEO in 'couple months'

    Finance

    That's why his company is looking to "find big things to do" in big and growing economies that hold potential, such as China, Buffett said . Buffett, 87, and his longtime partner and fellow billionaire Charlie Munger, 94, are leading Berkshire's annual meeting in Omaha, Nebraska, where they are fielding five hours of questions from shareholders, journalists and analysts.
  • Flipkart co-founder, chairman Sachin Bansal likely to quit after Walmart takeover

    Flipkart co-founder, chairman Sachin Bansal likely to quit after Walmart takeover

    Finance

    An another report by FactorDaily states that Walmart will spend at least $14.6 billion in cash, with the rest expected to be in the form of stock. The Amazon bid offers a breakup fee of $ 2 billion , while the Walmart offer includes the buyout of over 80% stake. Co-founder, Binny Bansal , will probably remain after the merger since reports have indicated that Walmart is keen on keeping one of them.
  • BP flags possible dividend boost as profits surge

    BP flags possible dividend boost as profits surge

    Finance

    Operating cash flow excluding Gulf of Mexico oil spill payments* in the quarter was $5.4 billion including a $1.8 billion negative impact from an increase in working capital ($1.7 billion after adjusting for inventory holding gains) driven by higher oil prices and seasonal inventory builds.
  • A sunny afternoon in the QC

    A sunny afternoon in the QC

    Finance

    Showers, mostly to partly cloudy. Slight chances for rain will remain in the forecast. Warmer temperatures and sunshine into next week, however, will make ideal weather for enjoying the outdoors. Monday - Sunny, with a high near 67. Winds could gust as high as 24 miles per hour. Sunday: Patchy fog before 8 a.m. A chance of snow showers before 10am, then a chance of rain and snow showers between 10am and 11am, then a chance of rain showers after 11am.