Business

Euro, yen slide as Powell’s optimism fuels dollar…

Euro, yen slide as Powell’s optimism fuels dollar…

Palladium fell 0.4 percent to $913.50 per ounce, sliding to $905.05, its lowest since April 9. Platinum lost 0.6 per cent to $807.50 an ounce, and hit a two-week low of $804.75 an ounce earlier in the session. The dollar index, which measures the greenback against a basket of six currencies, rose 0.18 per cent, to 95.113 after rising as high 95.407. The metal is down more than 5 percent for the year.


No GST on sanitary pads, rakhis; rates slashed on shoes, several appliances

No GST on sanitary pads, rakhis; rates slashed on shoes, several appliances

The following development was later confirmed by Delhi Deputy Minister Manish Sisodia after the 28th GST Council Meet that was being held in the national capital. They are now taxed at 28 per cent. Handloom items such as knitted caps priced below Rs 1,000 will now attract a lower GST rate of 5 percent. Sanitary pads were placed in the 12% tax slab when the Goods and Services Tax was implemented on July 1, 2017, though several other products such as sindoor (vermilion) and bangles were ...


Scenes from the 2018 Farnborough Airshow

Scenes from the 2018 Farnborough Airshow

Muilenburg added: "We will continue to win in the marketplace thanks to our talented team, who innovate across our enterprise with One Boeing collaboration and deliver on our proven portfolio with relentless customer focus". If you want more , scroll down further for daily reaps of last year's Paris Air Show. The 737 MAX family is created to offer customers exceptional performance, with lower per-seat costs and an extended range to open up new destinations in the single-aisle market.


China's Xi holding up deal to resolve trade dispute: Trump adviser

China's Xi holding up deal to resolve trade dispute: Trump adviser

Kudlow said there could be a tax reform "2.0 and 3.0 and a 4.0". Larry Kudlow, economic adviser to President Donald Trump , said additional pro-growth measures could be coming soon, which could deliver a further jolt to the US economy. The Chinese Ministry of Commerce has warned of an equal response if the U.S. goes through with a second round. China could end USA tariffs "this afternoon by providing a more satisfactory approach" and taking steps that other countries are also calling ...



Trump accuses China, EU of currency manipulation, slams Fed

In response to a question about whether he would ever impose tariffs on $500 billion worth of Chinese goods, he said he's "ready to go to 500". "I'm not doing this for politics, I'm doing this to do the right thing for our country". That episode ultimately triggered runaway inflation that took a decade to tame and required raising the Fed's policy rate above 15 per cent - more than eight times the rate's current average.


United States dollar down on as Trump makes fresh threats vs China

United States dollar down on as Trump makes fresh threats vs China

White House spokeswoman Lindsay Walters later said in an emailed statement that the president "respects the independence of the Fed". Trump also turned to Twitter to predict that US soybean farmers will emerge victorious from the US-China trade dispute .