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Tag: Higher

How to earn higher deposit rates

How to earn higher deposit rates

Finance
Traditional investors in bank fixed deposits are also buying into triple A-rated deposit-seekers such as HDFC, PNB Housing Fin, and Dewan Housing Finance, which now offer higher returns after the central bank raised the policy rates. Overall, companies have raised rates by 10-30 basis points on their fixed deposit plans that range from one to five-year maturities, dealers said. While DHFL took the lead by raising the rates immediately after the central bank policy announcement early August, PNB Housing Finance and Mahindra Finance are the two latest companies to offer more. HDFC raised rates for deposit plans more than Rs 2 crore. Mahindra Finance will increase rates by 30 basis points to offer 8% on one or two-year maturities. The new rates would apply from August 20. "Corporate fixed de...
Higher oil prices means higher gas prices

Higher oil prices means higher gas prices

Business
July 10 (UPI) -- Consumer demand strains and the lack of extra oil on the global market mean retail gas prices in the United States continue to climb, analysts said. Motor club AAA lists a national average retail price of $ 2.86 for a gallon of regular unleaded gasoline on Tuesday, relatively unchanged since one week ago. Americans returned to work this week after a long holiday to mark Independence Day with gas prices at four-year highs. "As gas prices saw their highest level on July 4 in four years, President Trump continues to try to push OPEC to produce more crude oil, but so far, it hasn't materialized into much of anything," Patrick DeHaan, head of petroleum analysis for GasBuddy, said in a separate statement. "Gas prices have inched up in a majority of states and oil prices remain...
The rich world needs higher real wage growth

The rich world needs higher real wage growth

Finance
CENTRAL bankers and economists have spilled much ink in recent years on the question of why wages have not grown more. The average unemployment rate in advanced economies is 5.3%, lower than before the financial crisis. Yet even in America, the hottest rich-world economy, pay is growing by less than 3% annually. This month the European Central Bank devoted much of its annual shindig in Sintra, Portugal to discussing the wage puzzle.Recent data show, however, that the problem rich countries face is not that nominal wage growth has failed to respond to economic conditions. It is that inflation is eating up pay increases and that real—that is, inflation-adjusted—wages are therefore stagnant. Real wages in America and the euro zone, for example, are growing more slowly even as the ...
Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

Time Warner shares shoot higher after judge rules in favor of merger with AT&T; other media stocks gain

Finance
Media and telecommunications stocks shot higher in aftermarket trading Tuesday after a federal judge ruled in AT&T's favor on its $ 85 billion acquisition of Time Warner. Time Warner shares traded more than 5 percent higher in aftermarket trading. The widely anticipated ruling comes amid pent up interest in forging combinations across the entertainment and communications industries. CNBC's parent company, Comcast, has been eyeing a $ 60 billion offer for the Twenty-First Century Fox studio and production assets that are currently part of a deal with Disney. ...
Higher temperatures linked to EU asylum figures

Higher temperatures linked to EU asylum figures

Science
Sharp increases in the numbers of those seeking asylum in the European Union have been linked to higher temperatures in agricultural regions of the world. Researchers found that when temperatures deviated from 20C in food growing areas of 103 countries, more people sought refuge abroad.Around 660,000 extra applicants would be expected each year by 2100, the authors say, if current temperature trends continue.The study appears in Science journal. Between 2000 and 2014, around 350,000 people applied for asylum in the European Union every year. The majority came from countries such as Afghanistan and Iraq. In this study, researchers examine these numbers and assess the role of what they call "weather shocks" in pushing people to seek asylum. The authors find that the numbers increase if the t...