These consumer names are set to benefit from India’s GST rollout: Nomura

The analysts, in their note dated Jun. 30, said FMCG firms benefited in the longer term from free interstate movement of goods. It would mean that “they would benefit from better logistics planning, which would bring cost efficiencies into the system.”...

Iran to sign new IPC gas deal with Total for South Pars on Monday

Iran plans to sign a new contract to develop its giant South Pars gas field with France’s Total and China’s CNPC on Monday, the first major Western energy investment since sanctions against Tehran were lifted, an Iranian oil ministry official told Reuters...

Hong Kong 20 years after the handover, in numbers

The financial markets of Hong Kong have become increasingly intertwined with the mainland through the years, with the launch of the Shenzhen Connect in December last year an example of ongoing developments.Of the 1,995 companies listed on Hong Kong’s main board...

Trump’s Labor Department wants salary to count on overtime rule

The Labor Department said Friday it wants salary level to count in deciding who is eligible for overtime pay. But it’s holding off setting the maximum pay a worker can get and still qualify. That’s according to a brief filed by the Trump administration in...

Consumer sentiment hits lowest level since November

Consumer attitudes soured in June as U.S. consumer sentiment slid to a seven-month low, a new report showed on Friday, though still rising slightly above economists’ expectations. U.S. consumer sentiment fell to 95.1 in June, sinking 2.1 percent from May and...

NATO says a ‘state actor’ was behind the ransomware attack and could trigger military response

The implications of this mean that the cyberattack could be interpreted as an act of war, according to the organization. On Wednesday, NATO secretary general Jens Stoltenberg said a cyber attack could trigger Article 5, the principal of collective defense. “As...