Money

Sensex Rises For Second Day; Nifty Ends On Flat Note

Sensex Rises For Second Day; Nifty Ends On Flat Note The strengthening of rupee against the dollar also buoyed sentiment. Stock markets on Tuesday closed in the green as positive global cues on the prospects of easing trade war fears, along with healthy buying across nearly all sectors led by banking, metals and healthcare stocks, lifted investor sentiments. [Full Article...]

China launches crude oil futures

China launches crude oil futures The listed futures for trading are contracts to be delivered from September this year to March 2019. U.S. West Texas Intermediate (WTI) crude futures CLc1 also lost half a percent, or 33 cents, to end at $65.55. Trading margins for the futures were set for 7 percent of the contract value. To attract greater trade participation, Beijing plans to exempt foreign traders and organizations from income ... [Full Article...]

Forget Flamethrowers, Elon Musk Is Now Hawking 'Boring' LEGO Rocks

Forget Flamethrowers, Elon Musk Is Now Hawking 'Boring' LEGO Rocks At the conference, he made two major announcements - his plans to colonize Mars and his plans to start an Earth to Earth, rocket-based transportation system that can get from anywhere on the planet to any major city in about 30 minutes. Musk previously said that the BFR will be ready to travel to Mars by 2019. His idea is to create a habitat "over time terraforming Mars and making it really ... [Full Article...]

United Kingdom judge approves warrant to search Cambridge Analytica offices

United Kingdom judge approves warrant to search Cambridge Analytica offices Investigators with Britain's information commissioner searched the London headquarters of Cambridge Analytica on Friday amid reports that the firm harvested the personal data of millions of Facebook users as part of a campaign to influence the US 2016 presidential elections. [Full Article...]

Naspers raises R115-billion from sale of Tencent stake

Naspers raises R115-billion from sale of Tencent stake The move by a shareholder who hadn't sold a single share since 2001 unnerved the market. Shares fell as much as 7.8% to HK$405 in early trade. As many as 308 million shares changed hands, more than 12 times the daily average volume in the past year. [Full Article...]

JD Sports gets foot in U.S. with $558 million Finish Line buy

JD Sports gets foot in U.S. with $558 million Finish Line buy Bury-based JD is offering $13.50 for each share in the Nasdaq-listed company, at a 28pc premium to their closing price on Friday. Shares in JD Sports reportedly jumped as much as 3.9% in early trading following today's announcement, while Finish Line shares jumped as much as 30 percent to $13.74 in early trading, according to Bloomberg . [Full Article...]

Sensex today: Wipro top loser; index trades flat as Asian markets stumble

Sensex today: Wipro top loser; index trades flat as Asian markets stumble The benchmark BSE Sensex extended volatility for the third straight day by shedding over 60 points in early trade on Monday, on selling by domestic institutional investors amid weakness in Asian markets on trade war concerns. The BSE Midcap gained 1.19% to conclude at 15,880.73 and the BSE Small cap ended at 16,923.37 to conclude the day's session 0.73% higher. Markets after performing poo... [Full Article...]

Oil prices find support in trade talks and Mideast tensions

Oil prices find support in trade talks and Mideast tensions It also is the latest in a series of steps by which previous year surpassed the United States as the world's largest crude importer - to exercise more control China to raise the world profile of the yuan . These and other factors mean the contract may have a "hard time" building correlations with Brent and WTI that would make arbitrage possible, said Albert Helmig, chief executive of financia... [Full Article...]

Ambedkar's new India cares for poor, says PM Modi

Ambedkar's new India cares for poor, says PM Modi I am India's Prime Minister. Prime Minister Narendra Modi led the participants at Rajpath in Delhi and the record for largest yoga class, with 35,985 people, and the record for most nationalities participating in a single yoga event - 84 was registered in the Guiness Book. [Full Article...]

Zuckerberg Takes Out Full-Page Apology Ads In British Sunday Newspapers

Zuckerberg Takes Out Full-Page Apology Ads In British Sunday Newspapers The vote of distrust is likely to be one of several consequences for Facebook after it belatedly apologized for its role in the collection of data from more than 50 million of its users by voter-profiling company Cambridge Analytica . Mr Zuckerberg said he was "really sorry" for the "major breach of trust" and pledged to work to prevent data from being misused in future. We're also investigatin... [Full Article...]

Alexis Sanchez disliked by Manchester United teammates

Alexis Sanchez disliked by Manchester United teammates Sanchez has contributed to just three goals in 10 games at United, with two of those being assists. Sanchez was dropped to the bench for United's 2-0 FA Cup quarter-final win over Brighton last weekend before heading on worldwide duty for Chile's friendlies against Sweden and Denmark. [Full Article...]

Uber agrees to sell Southeast Asia business to Grab after costly battle

Uber agrees to sell Southeast Asia business to Grab after costly battle The deal marks Uber's operational exit from yet another major market and hands a victory to Grab as it battles competitor Go-Jek, reported Bloomberg. The combined business is the leader in platform and cost efficiency in the region. They see it as a way to improve the profitability in a business losing billions. [Full Article...]

Facebook expects more data abuses will be discovered

Facebook expects more data abuses will be discovered If Facebook was slow to respond, its share price - down 14% this month - was not. While Zuckerberg fails to apologize directly to the millions of users whose data has been involved in the debacle (he merely says "I'm sorry we didn't do more at the time") he will be hoping that by at least appearing to grovel he will be able to win people back on side. [Full Article...]

Great Pacific Garbage Patch Much Larger Than Believed

Great Pacific Garbage Patch Much Larger Than Believed Using a combination of drag netting and visual surveys from boats and an aeroplane, they estimated the patch is 1.6 million square kilometres in area - nearly the same size as Queensland . "I knew there would be a lot of fishing gear, but 46pc was unexpectedly high", said Laurent Lebreton , who led this research. But that still only covered one section of the floating-trash graveyard; the ... [Full Article...]

Students lead 'March for Our Lives' protest in Syracuse

Students lead 'March for Our Lives' protest in Syracuse More than 200,000 people attended the March for Our Lives demonstration in Washington D.C. on Saturday, according to Digital Design & Imaging Service Inc (DDIS). "I don't want to bring a child into a world where he might get shot in kindergarten". "For far too long, these names ... have been just numbers", she said. [Full Article...]

Oil prices fall about 1% after failing to hit $70 a barrel

Oil prices fall about 1% after failing to hit $70 a barrel Brent for May settlement slid 56 cents to end the session at $68.91 on the London-based ICE Futures Europe exchange, and traded at a $4.61 premium to WTI. The decline was driven by lower crude imports and higher refinery runs. Since January 2017, the Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the de-facto leader, as well as a group of non-Opec countries led by ... [Full Article...]

Mukesh Ambani's son Akash engaged

Mukesh Ambani's son Akash engaged The wedding of Akash Ambani , the scion of India's richest family, is on the cards for later this year. The engagement took place at a small ceremony in Goa on Saturday evening with Mukesh Ambani and his mother Kokilaben being present. He is on the board of Reliance Jio, the group's fast growing telecom venture. Earlier, Nita Ambani had said, "Mukesh and me as parents have given our children th... [Full Article...]

1st non-stop flight from Australia to Britain lands after 17 hours

1st non-stop flight from Australia to Britain lands after 17 hours Aviation history has been made with the landing of the first scheduled non-stop flight between Australia and Britain. Tired passengers on the 17-hour flight, operated by a Boeing 787-9 Dreamliner, touched down in London at 5.05am this morning, having covered a distance of 14,484 km. [Full Article...]

Giannis Antetokounmpo's brother, Kostas, leaving University of Dayton for National Basketball Association

Giannis Antetokounmpo's brother, Kostas, leaving University of Dayton for National Basketball Association Tolliver made six 3-pointers for the game and Reggie Bullock made four. The Milwaukee Bucks have split their last six home games . Aldridge had 20 points and 12 rebounds in the first meeting between the teams, a 94-87 home loss November 10 in which he was held to two fourth-quarter points. [Full Article...]

Italy gained valuable experience in Argentina draw - Luigi Di Biagio

Italy gained valuable experience in Argentina draw - Luigi Di Biagio Speaking to Rai Sports, Sampaoli said: "Icardi and Dybala are both important players and everything is undecided for the World Cup squad going to Russian Federation". "Everyone gives us a leading role in the World Cup and my obligation is to increase that, to try to make the rivals fear us even more, today Argentina is very respected", he added. [Full Article...]


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