Step up capital spending: FM Arun Jaitley to CPSEs as growth hits 3-year low

Finance Minister Arun Jaitley today reviewed the capex plan of state-owned enterprises and asked them to step up spending with an aim to shore up the economy as growth hit a three-year low of 5.7 per cent. The post Step up capital spending: FM Arun Jaitley to CPSEs as growth hits 3-year low appeared first on The Financial Express. …read more Source:: The Financial Express – Economy

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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, FB)

Here is what you need to know. Donald Trump unveils his tax plan. The plan lowers the corporate tax rate to 20% from 35% and drops the top individual tax rate to 35% from 39.6%. Foreigners will soon be able to trade in China’s wild commodity futures market. China’s financial-markets regulator, the China Securities Regulatory Commission, has announced a plan to open certain commodities markets to foreigners in addition to pushing forward with the introduction of crude-oil futures to create a rival contract to those traded in Chicago, New York, and London. The number of millionaires hits a record high. The number of millionaires in the world jumped 8% in… Read More

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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, FB)

Here is what you need to know. Trump’s unveils his tax plan. The plan lowers the corporate tax rate to 20% from 35% and drops the top individual tax rate to 35% from 39.6%. Foreigners will soon be able to trade in China’s wild commodity futures market. China’s financial markets regulator, the China Securities Regulatory Commission, announced plan to open certain commodities markets to foreigners, in addition to pushing forward with the introduction of crude oil futures to create a rival contract to those traded in Chicago, New York and London. The number of millionaires hits a record high. The number of millionaires in the world jumped 8% in 2016… Read More

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Europe is seeing the rise of ‘small-dollar terrorism’ funded by ‘legitimate’ sources

LONDON — Most jihadist terrorist attacks carried out in Europe since 2015 have been funded using “legitimate” sources such as savings accounts and loans, according to a leading academic in the field. Professor Peter Neumann, director of the International Centre for the Study of Radicalisation, told the Financial Times’ Illicit Trades conference on Wednesday that terrorist financing in Europe has changed in recent years because the types of attacks favoured are now relatively cheap to plan. Terrorist financing traditionally refers to money earned by groups such as Al-Qaeda through international drug trafficking or illicit donations from supporters. Home Secretary Amber Rudd earlier this year pledged to crack down on fake… Read More

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