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2,762.98 1.73%
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185,788,961
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1.73%
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3,492
29
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5,218.13 2.70%
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Typical household now brings in as much income as before the recession - Dotemirates
12/09/2018

Typical household now brings in as much income as before the recession

The numbers: For the third straight year, real median household income rose, climbing 1.8% to $61,372 in 2017, the Census Bureau reported Wednesday. The agency said that, due to changes in calculation, the level is statistically tied with 1999 and 2007. Looking at it a different way, the typical household has clawed back the losses in income from the Great Recession that started at the end of 2007. The percentage of people in poverty fell to 12.3% from 12.7%, while the percentage of people without health insurance coverage stayed at 8.8%. What happened: More Americans went back to work —...


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Infosys shares jump over 6 per cent after Q1 results

New Delhi: Shares of Infosys jumped over 6 per cent on Monday after the IT behemoth posted better-than-expected rise in its June quarter net profit. The scrip rose by 6.15 per cent to Rs 771.85 on the BSE. On the NSE, the stock gained 6.17 per cent to Rs 771.65. It was the top gainer among the frontline companies on both the key indices during early trade. Infosys on Friday posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised revenue growth forecast for the current fiscal to 8.5-10 per cent...
15/07/2019

Amazon workers in Germany strike ahead of major sale

Workers at seven Amazon facilities around Germany went on strike on Monday. Trade union Verdi said the strike, which comes ahead of Amazon's "Prime Day" sale on Tuesday, is being carried out under the motto "No more discounts on our income." Workers began their stoppage late Sunday and carried on into Monday. Amazon facilities in Koblenz, Werne, Rheinberg, Leipzig, Graben, and two locations in Bad Hersfeld are affected. Verdi did not give an exact time for the start of the strike. Amazon operates 12 storage facilities and 11 logistics centers in Germany, employing some 13,000 people. Fighting for better pay...
15/07/2019

Trade negotiators wanted to fill Brexit gap

A new generation of UK trade negotiators is to be recruited in an open-access scheme launched by International Trade Secretary Liam Fox.It follows warnings of a shortage of experienced UK trade negotiators during the Brexit process.The training scheme is open to applicants from all backgrounds and levels of qualifications - with the first recruits ready in two years.The Liberal Democrats dismissed it as a "last-minute scramble".Labour's Barry Gardiner said "only now is the secretary of state realising that the UK needs trained negotiation staff". Trade talksAt a launch event at the Harris Westminster Sixth Form school in London, the international...

15/07/2019

Sports Direct delays results as House of Fraser trading 'uncertain'

Mike Ashley's Sport Direct has delayed its results, citing uncertainty about the trading performance of the House of Fraser chain it bought last year.The company, which had been due to publish its results on Thursday, also said its auditors Grant Thornton were facing increased regulatory scrutiny of its work for Sports Direct.Sports Direct's results may not be published until 23 August.Other companies' audits were also taking longer, Sports Direct said.
15/07/2019

Dubai’s DP World hires Citi, StanChart for new 10-year Islamic bond

Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year US dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Monday.DP World, majority owned by the Dubai government, mandated Citi, Dubai Islamic Bank and Standard Chartered to arrange the meetings to be held in Hong Kong, Singapore and London, starting on Wednesday July 10.The three banks, together with Barclays, Deutsche Bank, Emirates NBD Capital, First Abu Dhabi Bank, and HSBC have been mandated as joint lead managers and joint bookrunners...

Hyundai July 2019 offers with savings of nearly a lakh on Grand i10

These offers are valid till 31 July 2019. Maximum benefits of upto Rs 2 lakh offered on the Elantra midsize sedan. Savings of upto Rs 95,000 available on the outgoing Grand i10 hatchback and Xcent too. Entry-level hatchback Santro gets savings of up to Rs 40,000. Least savings of up to Rs 25,000 offered on the Elite i20 and i20 Active. If you’re planning to buy a new Hyundai model other than a small SUV, this could be a good time to do so. The Korean car maker is offering benefits and savings on all models, except the Venue, Creta...