Economy

Singapore unveils 2018/19 budget proposal, higher GST coming in 2021

Singapore unveils 2018/19 budget proposal, higher GST coming in 2021 It will be the first time since 2011 that the Government is handing out cash bonuses to Singaporeans. According to Mr Heng, the GST will be increased progressively from 7 per cent to 9 per cent over the period of 2021 to 2025. With the rise in major terrorism threats, Singapore also has to spend more in security. Riding on a surplus budget the government of Singapore has made a decision to giv... [Full Article...]

Internet everywhere: SpaceX launch satellites for wi-fi

Internet everywhere: SpaceX launch satellites for wi-fi If successful, the data they provide will help pave the way for SpaceX's plans to launch almost 12,000 satellites to low Earth orbit as soon as 2024. They are Microsat-2a and Microsat-2b, and will shed light on the beginning of the massive network that Elon Musk 's company hopes to be around 12,000 individual low-orbiting satellites. [Full Article...]

Chandrababu Naidu to visit Hyderabad on Feb 28

Chandrababu Naidu to visit Hyderabad on Feb 28 Kalyan, who has hit out against the centre for the "injustice" meted out to AP, has formed a fact-finding committee with Loksatta Party leader Jayaprakash Narayan and former Congress MP Undavalli Arun Kumar to find out how numerous promises made to AP were fulfilled by the centre. [Full Article...]

Biggest Risk From US Metal Import Tariffs Is Retaliation

Biggest Risk From US Metal Import Tariffs Is Retaliation The Trump administration has been long-divided between a protectionist wing that backs more aggressive measures to increase trade enforcement and protect U.S industries, and a globalist wing that has pushed back against trade restrictions . [Full Article...]

Tesla public cloud environment hacked, attackers accessed 'non-public' company data

Tesla public cloud environment hacked, attackers accessed 'non-public' company data A cloud environment owned and operated by Tesla was breached back hackers who used the company's compromised machines and computer resources to mine for cryptocurrency , according to security researchers . The hackers appear to have been more interested in the server itself. Apparently the flaw is fixed and was fixed very soon after it was discovered. [Full Article...]

Crude palm oil futures fall 0.44% on profit-booking

Crude palm oil futures fall 0.44% on profit-booking The announcement of a long term alliance between oil producers led by Saudi Arabia and Russian Federation to be ratified by the end of this year is being sold as a safeguard against any wild market price upswings as well as a way to protect the market rebalance supposedly being achieved by the Organization of the Petroleum Exporting Countries' (OPEC) production cuts. [Full Article...]

Home Depot Inc (HD) Q4 Profit Misses, But Revenue Beats; Forecast In-Line

Home Depot Inc (HD) Q4 Profit Misses, But Revenue Beats; Forecast In-Line Kingstown Capital Management Lp who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $43.90 billion market cap company. Smithfield Tru Company holds 0.21% or 9,546 shares in its portfolio. Home Depot (NYSE:HD) issued an update on its FY19 earnings guidance on Tuesday morning. [Full Article...]

Independence Realty Trust, Inc. (NASDAQ:IRT) To Report Earnings

The 9 months Head & Shoulders indicates high risk for the $3.59B company. The stock has dropped almost 6 percent in the last 12 months. It is down 19.57% since February 19, 2017 and is downtrending. Nelson Van Denburg & Campbell Wealth Management Lc holds 0.01% or 750 shares in its portfolio. Fjarde Ap stated it has 68,862 shares or 0.16% of all its holdings. [Full Article...]

Why You Should Want To Trade The Goodyear Tire & Rubber Company (GT)

Smith Graham & Co Investment Advisors Lp sold 17,650 shares as the company's stock declined 12.03% while stock markets rallied. The institutional investor held 13,198 shares of the biological products (no diagnostic substances) company at the end of 2017Q3, valued at $2.46 million, up from 9,322 at the end of the previous reported quarter. [Full Article...]

Will Shahid Afridi play global cricket again? Pakistan star reveals details

Will Shahid Afridi play global cricket again? Pakistan star reveals details You are an incredible country and you've done great things for cricket. HBL Chief Marketing Officer Naveed Asghar wished the participating teams the very best for the tournament and vowed to continue HBL's support for the prestigious league. [Full Article...]

South Korea threatens WTO action if United States hikes steel tariffs

South Korea threatens WTO action if United States hikes steel tariffs He reportedly started off the meetings by commenting that GM wished to stay in Korea and sort the problems out. A spokesperson for GM Korea said Monday that it was committed to helping the workers who will be affected by the shutdown. Finance Minister Kim Dong-yeon told reporters on Tuesday that the government would "closely consult with GM to normalise its management", adding that a due diligen... [Full Article...]

BHP Billiton (BHP) Getting Somewhat Positive Media Coverage, Study Shows

BHP Billiton (BHP) Getting Somewhat Positive Media Coverage, Study Shows Amalgamated Bank acquired 1,514 shares as 3M Co (MMM)'s stock rose 7.02%. It has outperformed by 14.45% the S&P500. Nelson Obus increased its stake in Libbey Inc (LBY) by 170.05% based on its latest 2017Q3 regulatory filing with the SEC. Since August 21, 2017, it had 0 buys, and 1 insider sale for $3.25 million activity. This helped the company to reduce debt levels so that net debt stood $0.9 b... [Full Article...]

Qualcomm Sweetens Offer For NXP Semiconductors To $44 Billion

Qualcomm Sweetens Offer For NXP Semiconductors To $44 Billion NXP Semiconductors (NASDAQ: NXPI ) traded up $1.58 on Friday, reaching $118.50. Jefferies Group reaffirmed their hold rating on shares of NXP Semiconductors (NASDAQ:NXPI) in a report issued on Tuesday. Mutual Of America Capital Mgmt Lc has 573,438 shares for 0.36% of their portfolio. Diversified has 68,433 shares. State Bank Of New York Mellon has invested 0% in Bio-Path Holdings, Inc. [Full Article...]

World's tallest wooden skyscraper to be built in Tokyo

World's tallest wooden skyscraper to be built in Tokyo In fact, a law passed in 2010 mandates that all public buildings of three stories or fewer need to be built primarily from wood - but skyscrapers are a completely different story. The wood products company has said the new building, known as W350 Project, would be an example of "urban development that is kind for humans", the Guardian reports . [Full Article...]

Gas prices fall 2 cents, to $2.59 a gallon in Rhode Island

Gas prices fall 2 cents, to $2.59 a gallon in Rhode Island The lowest price in Harker Heights on Saturday was $1.99 per gallon at Sam's Club, 600 W. Central Texas Expressway. Baton Rouge- $2.31/g, down 6.7 cents per gallon from last week's $2.37/g. Gas prices around the Mid-Atlantic region dropped for another week, as crude oil prices failed to return to the mid-$60 range reached just two weeks ago , and oil and gas supplies showed a gain. [Full Article...]

Albertsons to buy Rite Aid in latest Amazon countermeasure

Albertsons to buy Rite Aid in latest Amazon countermeasure Immediately following completion of the merger and assuming that all Rite Aid shareholders elect to receive shares plus cash, Albertsons Cos. will have approximately 392.9 million shares outstanding on a pro forma and fully diluted basis. [Full Article...]

New Renault Zoe 2018 - Faster and more powerful electric vehicle REVEALED

New Renault Zoe 2018 - Faster and more powerful electric vehicle REVEALED Renault has introduced a new, more powerful motor for its Zoe electric vehicle. “Thanks to this power boost, ZOE is even more responsive and versatile when used for journeys out of town, ” says Elisabeth Delval, Assistant Director, Renault ZOE Programme. [Full Article...]

Wal-Mart's Q4 earnings miss overshadows progress made in fight against Amazon

It has underperformed by 0.51% the S&P500. Edgar Lomax Co sold 80,906 shares as the company's stock rose 13.55% with the market. Finally, Comerica Securities Inc. It also upped Microsoft Corp (NASDAQ:MSFT) stake by 4,218 shares and now owns 31,409 shares. $948,612 worth of Apple Inc. Moreover, Gfs Advsrs Ltd Liability Com has 0.09% invested in Walmart Inc . [Full Article...]

Elon Musk gets Hyperloop digging permit in Washington, DC

Elon Musk gets Hyperloop digging permit in Washington, DC A Boring Company spokesperson told the publication that the location could eventually become a station in the hyperloop network. So far, Elon Musk has backing from the White House and the state of Maryland, which has already granted utility permits. [Full Article...]

HSBC boss scores bumper farewell pay package as bank profits rise

HSBC boss scores bumper farewell pay package as bank profits rise HSBC says its annual pretax profits rose by 11 percent on strong earnings from Asia, in the latest sign that the London-based global bank's restructuring to focus even more on the region is reaping further dividends. The two companies in question were Steinhoff - the South African retailer engulfed in an accounting scandal, which owns businesses in Britain - and Carillion, the United Kingdom co... [Full Article...]


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