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Business
US Stocks rebound strongly after Jobs Data
New York, Dec 5: US stocks surged on Friday, as a solid jobs report made the Federal Reserve's case for a December rate hike even stronger.
The Dow Jones Industrial Average jumped 369.96 points, or 2.12 percent, to 17,847.63, Xinhua…
Crude prices fall as OPEC fails to cut quota
New York, Dec 5: Oil prices dropped on Friday as the Organisation of the Petroleum Exporting Countries (OPEC) ended a meeting without any agreement to reduce the production.
The cartel's output makes up around 40 percent of the global…
Gold futures rise on short covering; US dollar falls
Chicago, Dec 5: Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as the US dollar showed weakness, along with short covering by traders.
The most active gold contract for February delivery rose $22.9…
Japan plans supplementary budget of $27 mn
Tokyo, Dec 5: The Japanese government has planned to set the size of its supplementary budget for fiscal 2015 at 3.3 trillion yen ($27 billion), the media reported on Saturday.
To help finance the extra budget, the government will use…
Microsoft founder Bill Gates meets Nitish Kumar
Patna, Dec 5: Microsoft founder and one of the world's richest men Bill Gates on Saturday met Bihar Chief Minister Nitish Kumar to discuss support to health, education and other sectors for human development, officials said.
"Bill Gates…
GST panel suggests 17-18 Percent revenue Neutral Rate
New Delhi, Dec 4: The committee on the goods and services tax headed by Chief Economic Advisor Arvind Subramanian on Friday recommended a revenue neutral rate range of 17-18 percent for the proposed GST.
The revenue-neutral rate is that…
Chinese Taxi Firm eyes Global Market through accords
Beijing, Dec 4: Chinese ride-hailing and sharing app Didi Kuaidi announced on Friday that the company will expand its global rideshare agreement with Lyft, GrabTaxi and Ola to reach nearly 50 percent of the world's population.
Through…
How Investor emotions fuel the frenzy at Stock Markets
New York, Dec 4: Emotional excitement not only creates stock market bubble but new research shows that the frenzy actually causes them to grow.
In the late 1990s, investor emotion played a significant role in inflating the dot-com bubble…
Facebook launches SME India Council for small businesses
New Delhi, Dec 4: In a move to help businesses better connect with their targeted audiences, the social networking giant Facebook has launched the first SME India Council with 12 small business owners from different geographies and varied…
No worries on fiscal deficit: Jaitley
New Delhi, Dec 4: With the economy showing signs of returning to a growth path, the government is not concerned about keeping to fiscal deficit targets, despite the additional expenditure on account of implementing one-rank-one-pension…