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Market News

Location American Market News for 30 May 2021
New Retail Model Links American Consumers Directly With Chinese Manufacturers Big Retail hates the idea of two Senators that want them to let consumers know where their products are coming from.
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Brazil's Hit Bottom. But Maybe Not Bolsonaro. After getting whacked by the pandemic, Brazil has hit bottom. Bolsonaro, not so much, as protesters rage.
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Focusing On Focus: Why We Fail To Reach Our Potential Focus is our cognitive magnifying glass: What are you magnifying?
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When a relative abroad repays loan, forex gains are not taxable The ITAT ruled in favour of the taxpayer, saying gains due to currency fluctuation should not be taxed
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Fed Warned Deutsche Bank Over Anti-Money-Laundering Backsliding

Wall Street Journal - 30 May 2021 18:04
The Federal Reserve's frustration with Germany's largest lender has escalated to a point that the bank could be fined, according to people familiar with the matter.
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No time limit for keeping PF account with old employer Where a gift is received by the parents from a specified relative (i.e. daughter), the transaction of the gift itself will not give rise to any income tax implications in the hands of both the receiver and the daughter
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Clean Freaks Can't Save These Stocks

Wall Street Journal - 30 May 2021 16:00
Makers of cleansing and disinfectant products would have investors believe that people are keen to keep wiping things down post-pandemic. Common sense argues otherwise.
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This College Just Cancelled Student Loans For All Its New Graduates Will your student loans get cancelled?
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Things to know before opening a savings bank account

livemint.com - 30 May 2021 14:19
Things to know before opening a savings bank account The higher balances that you are willing to maintain, the better services you will get.
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Under EPFO scheme, Centre brings more benefits for Covid-hit families. 10 points Amount of maximum benefit has been increased from ₹6 lakh to ₹7 lakh to the family members of deceased employee.Restoration of provision of minimum 2.5 lakh compensation retrospectively, i.e., from 15th February 2020
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Overdraft Fees Fell in the Covid-19 Economy

Wall Street Journal - 30 May 2021 11:30
Many people curbed their spending and lenders waived fees, pushing down overdraft revenue nearly 10% in 2020.
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Covid-19: Centre announces more benefits via ESIC, EPFO for bereaved families The social security cover by the Centre is 'sought to be provided to the workers without any additional cost to the employer'.Amount of maximum benefit has been increased from ₹6 lakh to ₹7 lakh to the family members...
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