http://i.dailymail.co.uk/i/newpix/2018/06/04/22/4CE952DF00000578-5805429-World_oil_prices_have_increased_by_67_per_cent_since_June_last_y-a-20_1528148143734.jpg

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After the one paisa reduction in fuel prices on May 30, which caused much criticism from the Opposition, prices have since fallen continuously. The ACCC reports the increase in retail petrol prices since the March quarter 2018 has been influenced by a number of factors, including the agreements in late-2016 by the Organisation of Petroleum Exporting Countries (OPEC) cartel and some other producing countries to cut crude oil production.
  • Senate votes to restore net neutrality; Bill goes on to House

    Senate votes to restore net neutrality; Bill goes on to House

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    Senate Minority Leader Chuck Schumer believes the vote will energize Democratic voters in the midterm elections and help the party capture seats now held by Republicans . "One of the first hearings will focus on competition and consumer protection implications of the FCC's restoring internet freedom order ". Senate Minority Leader Chuck Schumer, D-New York, has said that: "The Democratic position is very simple".
  • Bank of England keeps interest rates on hold on first-quarter slump

    Bank of England keeps interest rates on hold on first-quarter slump

    Markets

    Carney said the central bank was still prepared to raise interest rates again - having hiked them in November for the first time in a decade - if the economy picks up again, as expected. With investors hating uncertainty, a failure in this regard could give the GBP/EUR exchange rate a chance to recover, but it will be heavily dependent on what occurs in the imminent BoE rate decision.
  • Walmart buys majority stake in India's Flipkart for $16bn

    Walmart buys majority stake in India's Flipkart for $16bn

    Markets

    Amazon made its bid for a bulk stake in Flipkart . Shares of Walmart fell 4% in early trading as the company warned the deal would lower earnings. It has been clear from the beginning that Japanese conglomerate Softbank was one of the key forces behind this deal. The retail giant has not given a specific timetable on profitability.
  • Amazon's Flipkart bid just not high enough

    Amazon's Flipkart bid just not high enough

    Markets

    Flipkart is in the final stage of negotiations with Walmart , which is looking to buy a significant holding in the company. Amazon is also seeking a noncompete agreement with Flipkart's founders, the report said, adding that Walmart has added no such stipulation in its offer to acquire an 80 per cent stake in the company.
  • Antero Midstream GP LP (AMGP) Analysts See $0.11 EPS on May, 8

    Markets

    Antero Midstream GP LP has $17.22 current price. About 8.16M shares traded or 99.52% up from the average. TTM Technologies, Inc. (NASDAQ:TTMI) has declined 0.77% since May 1, 2017 and is downtrending. This's net activity of $1.51 million. Herrman Ernie had sold 10,000 shares worth $840,000 on Tuesday, March 6. Commonwealth Of Pennsylvania Public School Empls Retrmt System has 1.88M shs.
  • After flight snag, PM Modi rings up Rahul Gandhi

    After flight snag, PM Modi rings up Rahul Gandhi

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    Callings its 47-page manifesto a "people's manifesto", the party said it wants to create a hut-free Karnataka and will build 50 lakh houses in the state's rural areas, at the rate of 10 lakh per year. Another complaint was filed with the Directorate General of Civil Aviation (DGCA), demanding a thorough inquiry into the incident, he added. "What can we expect from him", tweeted BJP on its handle, after a local TV channel showed a brief video clip of the purported incident even as ...
  • TSX retreats as oil prices fall, United States yields climb

    TSX retreats as oil prices fall, United States yields climb

    Markets

    The blue-chip index Dow Jones Industrial Average fell by 423 points (-1.7%) to 24,024.13 points, wiping out an increase of 131 points from the beginning of the session. This was over a surge in government-issued debt due arising out of a revenue shortfall - and is related to the Trump administration's massive corporate tax cut, which was passed in December previous year.
  • Ford is about to abandon American sedans

    Ford is about to abandon American sedans

    Markets

    We're starting to understand what we need to do and making clear decisions there". In mid-morning trading, shares of Ford were up around 2.5%, at US$11.40. The plant will continue to make the Police Interceptor Utility, which accounts for 80 percent of the police market, said Joseph Hinrichs, Ford's executive vice president and president of the Americas.
  • USA economy grew modestly in the first quarter

    USA economy grew modestly in the first quarter

    Markets

    Economists widely anticipated the economy to grow at 2 percent , a downgrade from the fourth quarter of 2017 when the economy grew at 2.9 percent. "Tax cuts will support consumer spending and business investment", while "trade is certainly a risk".
  • US Dollar Has A Strong Week Against Several Global Currencies

    US Dollar Has A Strong Week Against Several Global Currencies

    Markets

    For example, the spread between U.S. 10-year and German 10-year bonds is now near all-time highs. Some traders, while expecting the 10-year yield to breach 3 percent as inevitable, said it is not a harbinger of a market rout due to evidence of buying in the past 24 hours emerging when the 10-year yield moves near that threshold.
  • Google-parent Alphabet is rising after its earnings report (GOOGL)

    Google-parent Alphabet is rising after its earnings report (GOOGL)

    Markets

    The institutional investor owned 578 shares of the information services provider's stock after selling 165 shares during the quarter. Gilman Hill Asset Management LLC's holdings in Alphabet were worth $602,000 as of its most recent filing with the Securities and Exchange Commission (SEC).