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NY state senator's bill would force Trump's tax returns to go public


Mnuchin argued that the tax cuts would spur faster economic growth, which, in turn, would produce more tax revenue. Tax increases were enacted in 1982, 1984 and 1988. The national online survey of was administered April 28-30 and has a margin of error of 3.4 percent. Where should a multinational's income be taxed? This is one of the main arguments from proponents of the tax plan, and in fact is an argument that many economists opposed to the tax plan used to advocate for more ... Read More »

China's First Civilian Airliner - And Industry Ambitions - Take Maiden Flight

Under overcast skies, the white, green and blue aircraft, with "C919" emblazoned on its tail, touched down at Shanghai's global airport after an 80-minute flight to cheers from thousands of dignitaries, aviation workers and enthusiasts. An annual growth of 6 percent over the next 20 years will create the first trillion-dollar aviation market, according to forecasts by Boeing. Most of the flights will be on single-aisle jets like the C-919. Read More »

Old Paper £5: the last chance to spend old notes


The Post Office said its branches will accept the notes as a deposit into any main United Kingdom bank account after the 5 May deadline. In that case, your bank should still accept them for deposits for at least a few weeks. This mean retailers will be able to refuse the note as payment and you can also reject it if it's offered as change. The Bank of England estimates there are around £150 million old paper £5 notes still in circulation. Read More »

India successfully launches South Asia Communication Satellite


In a veiled barb at Pakistan but without naming it, Mr Modi said the satellite launch that will benefit South Asia symbolises "cooperation, not conflict", and "development, not destruction". "I am confident that the project will promote friendship and cooperation and help further cement ties between India and her neighbours", the president said in a message to A S Kiran Kumar, the secretary of the Department of Space and ISRO chairman. Read More »

India's gold demand up 15% to 123.5 tonne in Q1 2017: WGC


Interestingly, higher demand in India was the prime reason for the overall jewellery demand gaining marginally at 481 tonnes. The WGC anticipates that central bank gold demand will remain low throughout the year, and notes that central banks have been buying less gold since mid-2014. Read More »

Sensex ends weak in listless trade, investors eye US Fed rate decision


Currently, markets are on a unified approach, with accomplices anticipating the US Federal Reserve's rate statement, according to reports. The Federal Open Market Committee, which will announce its policy tonight, is likely to hold interest rates as it may wait for more signs of stability in the economy to hinge for further hike, Vinod Nair said. Read More »

Infosys plans to hire 10000 American workers, open four US tech centers


Indian outsourcing firms have said that they need to hire foreign workers in part because the USA has a shortage of qualified employees. "When you think about it from a United States point of view, obviously creating more American jobs and opportunities is a good thing", Infosys Chief Executive Vishal Sikka told Reuters . Read More »

Murray Goulburn dumps dairy support scheme


MG will also make a payment to continuing and retired suppliers who made MSSP contributions between July and September last year, and to any suppliers who recommence supplying milk to MG by July 31 this year. MG said in a statement it is considering the proceedings, however noted that ACCC has decided not to seek a pecuniary penalty against MG. UDV president Adam Jenkins said it had been a tough 12 months for dairy farmers but they were pleased to finally have a resolution that those ... Read More »

JPMorgan to move hundreds of jobs from London due to Brexit


Standard Chartered Germany head Heinz Hilger told Reuters the bank will set up a European subsidiary in Frankfurt and apply for a full banking license, allowing it to continue to carry out its business once passporting from the United Kingdom will become impossible. Read More »

SC to hear plea against Aadhar link with PAN


The Attorney General argued that mandatory Aadhaar was the only way to check black money. "Under the act the authority shall ensure security, confidentiality of data", Rohtagi said. Rohatgi also said that the government has saved more than Rs 50,000 crore while disbursing subsidies since the introduction of Aadhaar. The hearing is likely to continue today. Read More »

Sainsbury's heralds "pivotal year" but profits down


It wants 250 Argos stores in its supermarkets by March 2019 - up from 59 at present - six months earlier than planned. But the "competitive and uncertain trading environment" took its toll on the group's profit margin. United Kingdom supermarket chain J Sainsbury Plc showed it's coping with a Brexit-fueled squeeze on industry profitability as it reported annual profit that met analyst estimates. Read More »

Yum! Brands Q1 Profit & Revenue Exceed Expectations


The stock volatility for week was 1.87% while for month was 2.22%.The stock, as of last close, traded 43.42% to its 52 week low and was changed -1.52% from its 52 week high. Brands, Inc. (YUM) is 1.19. Brands's dividend payout ratio (DPR) is presently 29.93%. If you are reading this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright and trademark legislation. Read More »

Fox, Blackstone considering bid for Tribune Media


With Blackstone's cash and Fox's portfolio of stations, the team is attempting to outbid an offer from Sinclair Broadcasting , which has a substantial chunk of the media pie, owning 173 TV stations and 514 channels in 81 US markets. The Institute for Supply Management said output by USA factories grew for the eighth straight month, but the pace was slower than the last few months and the result was not as good as experts expected. Read More »

Economic growth stalls in the early months of 2017


Gross domestic product increased at a 0.7 per cent annual rate also as the government cut back on defence spending, the Commerce Department said on Friday. GDP expanded at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014. Inflation picked up. The price index for personal consumption expenditures-the Fed's preferred inflation gauge-rose at a rate of 2.4% in the first quarter, the biggest jump since spring 2011. Read More »

BOJ keeps mum on exit policy while silently tapering its JGB purchase


The Bank has raised the real gross domestic product (GDP) forecast for the year 2017-18 to 1.6%, as against 1.5%, projected in January. But core consumer prices for February rose just 0.2 percent from a year earlier, keeping markets doubtful of the BOJ's forecast inflation will hit its 2 percent target by March 2019. Read More »

[ April 25, 2017 ] Carr says job losses inevitable in softwood dispute News


In an opening salvo against American trading partners who dump their products in the United States at unfairly subsidized prices, the Trump administration is considering slapping a 20% tariff on Candian softwood. The US Government's decision was also criticized by the British Columbia Lumber Trade Council. On the campaign trail, President Trump's strong rhetoric gave hope to American producers in several industries that his administration would crack down on the worst offenders. Read More »

North Korea quiet amid expectation of missile follow-up

It is believed the USA and its allies are pushing for China to go further, and sanction Chinese companies and banks trading with North Korea. An official from Seoul's Defense Ministry couldn't confirm those specific details . Earlier Tuesday, a United States submarine made a port call in South Korea in what U.S. officials said was a show of force amid mounting tensions in the region. Read More »

Lawyer: Doctor dragged from United flight planning legal action

It says the officer was able to pull Dao up from his seat and toward the aisle, but then lost his grip because Dao kept fighting. Demetrio, who told ABC News on Monday that he and Dao are "getting ready" to take legal action, called the officers' allegations of aggression by Dao " utter nonsense ". Read More »