TORONTO — Q4 Inc. (TSX: QFOR) (the “Corporation”), announced today the voting results on the election of directors from its 2022 Annual l Meeting of Shareholders (“AGM”). Read More
WASHINGTON — The U.S. budget deficit will shrink dramatically to $1.036 trillion for fiscal 2022 from $2.775 trillion last year as a strong recovery prompts a surge in revenues and lower outlays, but slowing growth will start to reverse the trend, the Congressional Budget Office said on Wednesday. Read More
NEW YORK — Global shares rose on Wednesday after notes from the U.S. Federal Reserve’s early May meeting showed a strong likelihood that the world’s most powerful central bank will approve two more half-percentage-point rate hikes in coming months. Wall Street ended higher as investors were heartened by the fact that policymakers at the Fed […]
A higher tax slab for online gaming will not only lead to proliferation of a parallel black market but also act as a major barrier when it comes to attracting foreign direct investment (FDI), say industry experts. The reaction comes days after an empowered group of ministers (GoM) — set up to look into taxation […]
Having notified its plan to regulate sugar exports to keep local supplies steady, the food ministry has asked the sugar mills to seek permits from the directorate of sugar to ship out the sweetener between June 1 and October 31, and file details of despatches with the directorate’s portal daily. However, re-exports of refined sugar, […]
nterGlobe Aviation, which operates no-frills carrier IndiGo, on Wednesday reported a bigger net loss of Rs 1,681 crore for the three months to March, higher by nearly 47% than the loss incurred by the airline in Q4FY21. The carrier was hit by elevated fuel costs, a weaker rupee and the Omicron wave. While fuel costs […]
Global prices of soyabean, sunflower oil and palm oil have moderated by around 2% to 4% since Indonesia lifted the ban on palm oil exports last week. According to the food ministry data, current prices of three varieties of edible oil — which constitute about 96% of India’s edible oil imports — are ruling around […]
In its bid to give a leg-up to the debt market and address the liquidity problem following the credit crisis that successively hit the market since 2018, the Securities and Exchange Board of India (Sebi) has taken a four-pronged approach. The regulator is working with players to allow market-making which is necessary to bring in […]
Bank of America Securities Head of Global Economics Ethan Harris says the half-point hikes supported in the minutes of the Federal Reserve’s May 3-4 meeting are the “bare minimum” required to reach the central bank’s inflation target. “That gets them at least within the neighborhood of neutral,” Harris says on “Bloomberg Markets: The Close.”
The gunman who massacred 19 children and two teachers at an elementary school in Texas had posted a warning on Facebook of what he was about to do, according to Texas Governor Gregg Abbott. He said Salvador Ramos said on Facebook that he shot his grandmother and then was going to shoot up a school. […]