Business


Greek shares tank as eurozone suspends debt relief

Following an announcement by Greek Prime Minister Alexis Tsipras that he will spend more on pensions and sales-tax relief, the European Stability Mechanism's governing bodies put their short-term debt relief decisions for Greece temporarily on hold, a spokesman for the euro area's crisis fund said in an e-mail on Wednesday.


USA rate hike feared to hit S. Korea's economy

USA rate hike feared to hit S. Korea's economy

Federal Reserve's signal to raise rates at a faster-than-expected pace. All 20 analysts surveyed in a Reuters poll before the decision had correctly forecast the BOK's on-hold decision. It's also worth noting whether Lee comments on recent statements from the finance ministry and state-run think tank Korea Development Institute, which said that the BOK has room for additional easing.



FCRA nod for more NGOs revoked

The Ministry of Home Affairs (MHA) suspects their systems have been broken into after the Foreign Contribution Regulation Act (FCRA) licenses of three NGOs, whose licenses had been cancelled, were curiously renewed online recently. "The state is following a systematic and sustained agenda of suppressing those very dissenting voices that have consistently challenged the system", said a statement signed by Magasaysay award victor and activist Aruna Roy, author and historian Ramchandra Guha, ...



IT raids in Chandigarh and Goa, new currency worth lakhs seized

As per media reports, cash in excess of Rs 6 cr was found along with bullion of 7 kg and jewellery about 9 kg from the residences and offices of four Karnataka state government officers. Cops said the accused had kept the money in the bed box, almirah and hid den compartments in his house Deputy Superintendent of Police (Central), Ram Gopal, said, "All cash was hidden by the accused in various places in the house".



Despite cloud growth, Oracle revenues fall just short of estimates

Analysts were expecting of 60 cents, so that's a beat. For the Current Quarter, the growth estimate for Oracle Corporation is -4.8%, while for the Next Quarter the stock growth estimate is 1.6%. The shares were sold at an average price of $39.61, for a total transaction of $636,334.65. Following the completion of the transaction, the director now directly owns 8,281 shares of the company's stock , valued at $332,564.96.