Business

Can't Pay You Now: Modi's Letter To Staff

Can't Pay You Now: Modi's Letter To Staff

The Income-Tax Department has attached a total of 141 bank accounts and FDs, valued at Rs 145 crore, of the Nirav Modi group. He is among the five officials to have been arrested. "The agency is investigating 79 shell companies owned by Gitanjali Group chief and 41 companies owned by Modi in India", an ED official told IANS on condition of anonymity.


Federal Reserve Policymakers More Confident About Economy

Federal Reserve Policymakers More Confident About Economy

Investors fear that low unemployment, increasing USA growth and rising wages will spur the Fed to raise interest rates at a quicker pace , which would boost the cost of borrowing money. And in fact the January job report included a 10-year record in wage gains after months of only tepid increases. The Fed listed the tax cuts among factors that were "likely to support economic growth".


OPEC, allies job is not done yet - Mr al-Mazroui

OPEC, allies job is not done yet - Mr al-Mazroui

The official comments from both Saudi Arabia and Russian Federation are that it's too early for an exit strategy, except the common-sense assumption that the exit should be gradual to avoid an oil price slump. Oil prices on both sides of the Atlantic traded in opposite direction on Tuesday, with the U.S. oil (WTI) supported on supply disruption while Brent trades on the back foot amid broad-based USA dollar strength after Barkindo Mohammad, OPEC Secretary-General said on Monday that global oil ...


High School Students Walk Out Of School To 'End Gun Violence'

High School Students Walk Out Of School To 'End Gun Violence'

To every lawmaker out there: No longer can you take money from the NRA. While in Market Square, students held hands in solidarity for 17 minutes, one for each person killed in the Parkland shooting . Those 7News spoke to said they hope that these kind of conversations will eventually turn into action. Last week's shooting claimed the lives of 14 students and 3 school staff members.



Fed's Harker sees two U.S. rate hikes this year

The Nasdaq is down 21.24 points, or 0.3 percent. Noting a rise in business optimism, an increase in business investment, a strengthening labor market and an accelerating pace of economic growth, Quarles said the underlying fundamentals of the US economy are strong.