India's central bank cuts key lending rate to 6.25 percent
NEW DELHI (AP) — India's central bank has cut its key interest rate by a quarter of a percentage point, taking rates to the lowest they have been since late 2010. Tuesday's announcement by the Reserve Bank of India reduced its repo rate to 6.25 percent. This is the rate at which the central bank lends to commercial banks. Your current subscription does not provide access to this content. Please click the button below to manage your account. ..>> view originalMore Than 10% Of The FORBES 400 Are Immigrants, 14 Of Whom Are Richer Than Trump
US STOCKS-Wall St starts new quarter on subdued note
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More than 500,000 individual taxpayers took advantage of the same tax rule as Mr. Trump in 1995, according to the Internal Revenue Service. The average loss they claimed, however, was just $97,600. Mr. Trump’s $916 million loss accounted for almost 2 percent of the national total.“He likes to say he does things in a big way, but I doubt he would boast about having what was likely the biggest net operating loss in the economy,” said Lily Batchelder, a law and public policy professor at New York ..>> view originalTransport Sec. Expects Manufacturers to Voluntarily Follow New Self-Driving Car Guidelines
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His comments come as global central bankers step up their actions to stimulate growth, particularly inflation. For instance, the BOJ recently announced an unconventional plan for "yield curve control," which aims to keep its benchmark 10-year note yield at zero. Estimates put the total of negative-yielding debt upwards of $11 trillion, though Gross figures it's closer to $15 trillion, posing a looming specter to markets. "Ultimately though, in broader, more subjective terms, it is capital..>> view originalSweden's Ericsson cuts 3000 jobs, reduces operations
The Associated Press 8:44 a.m. EDT October 4, 2016Flags with the logo of telecoms equipment maker Ericsson flutter outside the company's headquarters in Stockholm.(Photo: Maja Suslin, AFP/Getty Images)STOCKHOLM - Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20% of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by $1 billion in 2017.The Swedish networks company employs 115,000 people globally, of which ..>> view original
Sunday, October 9, 2016
India's central bank cuts key lending rate to 6.25 percent and other top stories.
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