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Blue Diamond Worn for Years by Shirley Temple Up for Auction

Blue Diamond Worn for Years by Shirley Temple Up for Auction

A blue diamond ring that child star-turned-diplomat Shirley Temple wore for decades is going up for auction. Sotheby’s says the 9.54 carat ring is among the more than 300 lots in the “Magnificent Jewels” auction scheduled for April 19 in New York. It has a pre-sale estimate of between $25 million and $35 million. Sotheby’s [...]

March 19, 2016 Saheli Business Comments Off on Blue Diamond Worn for Years by Shirley Temple Up for Auction

Argentina lawmakers back debt settlement deal

Argentina lawmakers back debt settlement deal

After 20 hours of debate, a majority of 165 to 86 lawmakers voted in favour of repealing two bills which stood in the way of the agreement with creditors. It is a victory for President Mauricio Macri who struck the deal after his election win in November. It will now go to the Senate, where [...]

March 16, 2016 Saheli Business Comments Off on Argentina lawmakers back debt settlement deal

London Stock Exchange and Deutsche Boerse agree merger

London Stock Exchange and Deutsche Boerse agree merger

The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the two firms were “creating an [...]

March 16, 2016 Saheli Business Comments Off on London Stock Exchange and Deutsche Boerse agree merger

US Federal Reserve holds interest rates

US Federal Reserve holds interest rates

The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target. The Fed indicated it expected the US economy to continue to “expand at a moderate pace” Interest rates remain between 0.25% and 0.5% after being raised for the first time in nearly a decade [...]

March 16, 2016 Saheli Business Comments Off on US Federal Reserve holds interest rates

U.S. sailor arrested for rape in Okinawa

U.S. sailor arrested for rape in Okinawa

NAHA, Japan, March 14  — A U.S. sailor has been arrested for alleging raping a Japanese woman at a hotel in Okinawa, local police said. Navy sailor Justin Castellanos, 24, stationed at Camp Schwab in Okinawa, wasarrested for allegedl taking the woman, a 40-year-old tourist from the mainland of Japan, from the hotel lobby up to [...]

March 15, 2016 Saheli Business Comments Off on U.S. sailor arrested for rape in Okinawa

PSUs spent over Rs 2400 crore in CSR in 2014-15

PSUs spent over Rs 2400 crore in CSR in 2014-15

  116 central public sector enterprises have spent an amount of Rs 2447.59 crore on Corporate Social Responsibility (CSR) activities in 2014-15 and no complaint has been received on misuse of these funds, government said today. Heavy Industries and Public Enterprises Minister Anant Geete said this in Rajya Sabha during the question hour after several [...]

March 10, 2016 Saheli Business Comments Off on PSUs spent over Rs 2400 crore in CSR in 2014-15

ECB cuts rates, expands asset-buying programme to boost economy

ECB cuts rates, expands asset-buying programme to boost economy

FRANKFURT: The European Central Bank delved deep into its remaining arsenal of stimulus options on Thursday, cutting all three of its interest rates and expanding asset-buying to boost the economy and prevent ultra-low inflation becoming entrenched. In moves that initially pushed the euro 1 per cent down against the dollar before recovering, the ECB cut [...]

March 10, 2016 Saheli Business Comments Off on ECB cuts rates, expands asset-buying programme to boost economy

Michael Horn, VW’s US president, resigns ‘effective immediately’

Michael Horn, VW’s US president, resigns ‘effective immediately’

The head of Volkswagen in the US resigned “effective immediately” on Wednesday night as the company struggles to agree on a settlement with the US government over its emissions cheating scandal. Michael Horn, who had served as VW’s US president and chief executive since 2014, was not quoted in the company’s three-paragraph statement announcing his [...]

March 10, 2016 Saheli Business Comments Off on Michael Horn, VW’s US president, resigns ‘effective immediately’

Domestic car sales tumble 4.21 pc in February

Domestic car sales tumble 4.21 pc in February

Domestic passenger car sales declined 4.21 per cent to 1,64,469 units in February, from 1,71,703 units in the same month last year. Motorcycle sales last month jumped 11.05 per cent to 8,59,624 units, from 7,74,122 a year earlier, according to the data released by the Society of Indian Automobile Manufacturers (SIAM). Total two-wheeler sales in [...]

March 10, 2016 Saheli Business Comments Off on Domestic car sales tumble 4.21 pc in February

No 10 concedes Sunday trading defeat after Commons rebellion

No 10 concedes Sunday trading defeat after Commons rebellion

No 10 has conceded that its plans to relax Sunday trading laws are dead in the water, after David Cameron suffered his biggest Commons defeat since the election at the hands of his own Conservative MPs. The government’s attempt to let larger shops trade for longer than six hours each Sunday was voted down after [...]

March 10, 2016 Saheli Business Comments Off on No 10 concedes Sunday trading defeat after Commons rebellion

Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser

Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser

Snapping the six-session long gaining spree, the S&P BSE Sensex was trading over 150 points lower, while broader CNX Nifty was ruling below its key 7,450-mark. The headline indices traded flat even as Asian stocks edged up after New Zealand surprised markets with a rate cut, keeping investors primed for more stimulus from the European [...]

March 10, 2016 Saheli Business Comments Off on Sensex falls 150 points, Nifty below 7,450 ahead of ECB rate decision; Infosys top loser