Business & Economics :: Economics

Populism again casts shadow over booming eurozone economy

bostonherald.com

Populism again casts shadow over booming eurozone economy


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China September producer prices jump most in six months in boost for global inflation

reuters.com

China September producer prices jump most in six months in boost for global inflation


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Greek Leader to Meet With Trump, and 2 More Banks Report Earnings

nytimes.com

Greek Leader to Meet With Trump, and 2 More Banks Report Earnings


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Gradual rate hikes should help sustain economic growth, Yellen says

marketwatch.com

Gradual rate hikes should help sustain economic growth, Yellen says


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Yellen sounds upbeat note on economy and inflation prospects

bostonherald.com

Yellen sounds upbeat note on economy and inflation prospects


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ECB sees inflation pick up despite weak wages: Constancio

reuters.com

ECB sees inflation pick up despite weak wages: Constancio


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Great interest about India among investors in US, says Jaitley

thehindu.com

Great interest about India among investors in US, says Jaitley


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Home / United States / Business / Economics
Triangle asks Amazon to look at seven sites for its new headquarters
With just two days to go, Triangle economic development officials on Tuesday mailed their pitch to Amazon to build its second headquarters here. States and local leaders across the country have scrambled to put together proposals that would convince the online retail giant to deliver a massive economic investment. Amazon gave the hopefuls until Thursday, and said it would make its choice known next year   Read More ...
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Larry Summers: Hassett's analysis of the Trump tax plan is 'dishonest, incompetent and absurd'
This article first appeared in Larry Summers' blog. Kevin Hassett, chair of the Council of Economic Advisers, accuses me of an ad-hominem attack against his economic analysis of the Trump administration's tax plan. I am proudly guilty of asserting that it is some combination of dishonest, incompetent and absurd. TV does not provide space to spell out the reasons why, so I am happy to provide them here   Read More ...
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Tags: Taxes |  Economy |  Economics |  Taxation | 
Places: Americas |  North America |  United States | 
Powell likely next Fed chief, though Yellen best suited: economists
Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option. Just over half the 40 economists who participated in the survey, taken in the past few days, tipped Fed Governor Powell to be appointed chair by U   Read More ...
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Tags: Economics |  Economists | 
Places: Americas |  North America |  United States | 
Trump's message to Tsipras: US may boost investments in Greece, a key NATO ally
The flow of U.S. investment to Greece is taking on a new urgency as the Trump administration looks to shore up economic and defense cooperation with a key NATO ally. On Tuesday, President Donald Trump is meeting with Greek Prime Minister Alexis Tsipras to discuss these issues. Foreign Minister Nikos Kotzias, Defense Minister Panos Kammenos, Minister for Economy and Development Dimitri Papadimitriou and Minister for Digital Policy Nikos Pappas accompanied the Greek prime minister   Read More ...
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Tags: Politicians |  Economy |  Finance |  Economics |  Investments |  Donald John Trump | 
Places: Americas |  North America |  United States |  Europe |  S.E. Europe |  Greece | 
U.S. industrial output rises slightly as hurricanes impact lingers
WASHINGTON (Reuters) - U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar. The soft industrial production data was offset by another report on Tuesday showing import prices posting their biggest gain in 15 months in September, and steadily rising underlying imported inflation   Read More ...
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Will Trump’s tax reform plan help the economy grow?
Former CBO Director Doug Holtz-Eakin and former acting CBO Director Donald Marron on whether President Trump’s tax plan -- which he’s said will reduce taxes for the middle class and corporations -- could help stimulate economic growth.   Read More ...
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Places: Americas |  North America |  United States | 
Pursuit of a Triple Bottom Line: People, Planet and Profits | Mayura Davda-Shah | TEDxSIUKirkee
Creating Employment, improving the environment and thereby developing the economy by reducing the economic differences and making the world a happy place to live in with equality and justice; thereby the importance of socially responsible business models was what shaped Mrs Mayura Davda Shah’s talk. Mayura Davda-Shah has pursued her higher studies in USA - Bachelor of Science in Mechanical Engineering with a Certification in Entrepreneurship & Innovation at Purdue University where she co-invented a mechanism for a wheelchair to help users navigate curbs. She then worked as an engineer at Gulfstream Aerospace - a private jet manufacturing company, where she practiced intrapreneurship in her projects using the cutting-edge 3D printing technology and much more   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
American Express fee accusations get U.S. high court hearing
The U.S. Supreme Court accepted a case that could roil the credit card business, agreeing to consider reviving government allegations that American Express thwarts competition by prohibiting merchants from steering customers to cards with lower fees. A federal appeals court had thrown out the lawsuit, saying the U.S. government and 11 states failed to prove that the American Express rules harmed cardholders, as well as merchants   Read More ...
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Tags: Judiciary |  Law Courts |  Economy |  Economics |  High Court |  Civil Actions | 
Places: Americas |  North America |  United States | 
Charleston ranks in top 10 cities to start a small business
CHARLESTON, SC (WCSC) - Yelp has launched its first-ever Local Economic Outlook report which reveals the cities, neighborhoods, and industries that offer the most opportunity for small businesses to thrive.Charleston landed within the top 10 cities in the country to start a small business.Yelp’s Local Economic Outlook comprises a list of top 50 cities in the U.S. where businesses have the best chance of success, along with the top   Read More ...
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Places: Americas |  North America |  United States |  Charleston | 
U.S. dollar up, yield curve flat, on inflation; stocks pause
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Tags: Inflation | 
Places: Americas |  North America |  United States |  United Kingdom |  New York | 
Taking a Scalpel to Persistent Trade Deficits
Photo President Trump surely remembers when Japan was eating America’s lunch. Back then, in the late 1980s, he was mulling running for president for the first time and using Japan’s trading surpluses as one of his talking points. On September 2, 1987, he took out full page ads in The New York Times, The Washington Post and The Boston Globe to excoriate Japan for building “a vibrant economy with unprecedented surpluses” at the expense of enormous deficits suffered by the United States   Read More ...
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Tags: Economy |  Trade |  Economics |  Trade deficit | 
Places: North America |  United States | 
Powell likely next Fed chief, though Yellen best suited: economists
LONDON (Reuters) - Jerome Powell likely will be the next Federal Reserve chairman, according to a slim majority of economists in a Reuters poll - but most of them said current Fed Chair Janet Yellen would be the best option. Just over half the 40 economists who participated in the survey, taken in the past few days, tipped Fed Governor Powell to be appointed chair by U   Read More ...
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Tags: Economics |  Economists | 
Places: Americas |  North America |  United States | 
U.K. Inflation Hits Five-Year High, Raising Prospects of Rate Rise
Updated Oct. 17, 2017 5:42 a.m. ET LONDON—Consumer prices in the U.K. rose in September at the fastest annual rate for more than five years, a pickup that will reinforce expectations the Bank of England could nudge up interest rates as soon as November. Annual inflation in the U.K. accelerated to 3% in September, the Office for National Statistics said Tuesday, the fastest pace of growth in prices for goods and services since early 2012   Read More ...
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Tags: Economy |  Inflation |  Economics | 
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‘Might finally be time to get on with rate rises’ — analysts on BOE’s next move after inflation report
Consumer price inflation in Britain has bounded to its highest level in more than five years, turning the spotlight on whether that spells action from the Bank of England on the U.K.’s record-low interest rate. The Office for National Statistics said Tuesday that headline annual inflation hit 3% — a full percentage point above the BOE’s target — as food prices increased   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 
UK interest rates set to rise as inflation hits 3 percent
LONDON (AP) — Inflation in Britain has hit 3 percent for the first since early 2012, official figures showed Tuesday — a development that reinforces expectations that the Bank of England will raise interest rates next month for the first time in a decade. The Office for National Statistics said consumer price inflation was 3 percent in the year to September, up from the previous month's 2   Read More ...
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UK inflation hits 5-1/2-year high in September, keeps BoE hike on track
LONDON, Oct 17 (Reuters) - British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. Rising inflation - driven largely by the pound’s fall since last year’s Brexit vote - has squeezed household incomes this year, causing broader economic growth to slow, as wages have failed to keep pace with the rising cost of living   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
UK inflation hits 5-1/2-year high in September, keeps BoE hike on track
British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National Statistics said on Tuesday, matching economists' average expectation in a Reuters poll and marking the fastest rise since April 2012   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: United States |  Europe |  N.W. Europe |  United Kingdom | 
North Korea's economy may not survive another year, defector says
North Korea is so weak its economy might not last long under tough United Nations sanctions, a high-ranking defector said Monday in his first public speaking engagement in the U.S. The former insider's view of dictator Kim Jong Un's oppressive regime comes just as North Korea's deputy U.N. ambassador stepped up the tough talk. "Nuclear war may break out any moment," Kim In Ryong said Monday   Read More ...
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UK interest rates set to rise as inflation hits 3 percent
LONDON (AP) — Inflation in Britain has hit 3 percent for the first since early 2012, official figures showed Tuesday — a development that reinforces expectations that the Bank of England will raise interest rates next month for the first time in a decade. The Office for National Statistics said consumer price inflation was 3 percent in the year to September, up from the previous month's 2   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
UK interest rate set to rise as inflation strikes 3 percent
LONDON (AP) — Inflation in Britain has hit 3 percent for the first since early 2012, official figures showed Tuesday — a development that reinforces expectations that the Bank of England will raise interest rates next month for the first time in a decade. The Office for National Statistics said consumer price inflation was 3 percent in the year to September, up from the previous month's 2   Read More ...
Categories: Business | 
Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
UK inflation hits 3 pct as Bank of England mulls rate hike
LONDON – Official figures show inflation in Britain rising a full percentage point above the Bank of England's target, a development that is set to reinforce market expectations that the central bank will raise interest rates next month for the first time in a decade. The Office for National Statistics said Tuesday that consumer price inflation was 3 percent in the year to September   Read More ...
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Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
US, Japan fail to bridge gap on trade in economic talks
The United States and Japan agreed to work together against the rising threat from North Korea but failed to bridge differences on thorny issues of trade during economic talks on Monday, with Tokyo skirting U.S. demands to negotiate a two-way trade deal. In the second round of bilateral economic dialogues held a month before U.S. President Donald Trump’s first trip to Asia, his Vice President Mike Pence and Japanese Deputy Prime Minister Taro Aso emphasised cooperation to deal with Pyongyang’s rising nuclear capabilities   Read More ...
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Tags: Economy |  Trade |  Economics | 
Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  Japan |  India | 
Americans would see up to a $9,000 raise if US cuts corporate taxes, says Trump economic advisor
American workers would get a pay raise if Republicans are able to reduce corporate taxes, argued the chairman of President Donald Trump's Council of Economic Advisers. The new report from Hassett, out Monday morning, projects that reducing the corporate tax rate to 20 percent will result in a windfall for U.S. workers. He predicted average U.S. household income would increase at least $4,000 a year but could rise as much as $9,000 annually   Read More ...
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Tags: Taxes |  Politicians |  Economy |  Corporate |  Enterprises |  Economics |  Corporate tax |  Taxation |  Donald John Trump | 
Places: Americas |  North America |  United States | 
Strategist Jim Paulsen: The economy may soon lose its power to boost stocks
"The economy has been doing so good for so long now that even if it continues to do well, it won't any longer be a surprise," said Paulsen, chief investment strategist at Leuthold Group. "Economic surprises I think are going to get as high as they're going to get," Paulsen told "Squawk Box." "We may see toward year end and the first quarter next year a pause in this market   Read More ...
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Tags: Economy |  Economics | 
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Nobel-winning economist Shiller calls bitcoin a fad
Bitcoin is a fad, just like bimetallism before it, according to one Nobel Prize-winning economist. The observation came from American economist Robert Shiller, who compared the cryptocurrency to the bimetallism fad of the late 19th century when both gold and silver were accepted as legal tender. Bitcoin hit a record high of $5,856.10 on Friday, according to data from industry website CoinDesk   Read More ...
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Deep in Trump Country, a Big Stake in Health Care
MOUNTAIN HOME, Ark. — Marjorie Swanson was the first in the family to get a job at Baxter Regional Medical Center after moving to this rural Ozark town from Chicago’s South Side in 1995. A year later, her husband was hired by the maintenance department. Six months ago, their daughter snagged a job as a pharmacy technician and shares the night shift with her fiancé, who works in housekeeping   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Arkansas |  Mountain Home | 
Populism again casts shadow over booming eurozone economy
LONDON — For months, the outlook for the eurozone economy has brightened thanks to a series of electoral defeats for political parties that were critical of the euro currency. Now, votes in Germany and Austria and uncertainty over the Spanish region of Catalonia are reviving concerns about the unity of the bloc. In Germany, the anti-immigration and anti-euro Alternative for Germany received almost 13 percent of September's national vote, putting it in parliament for the first time   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Europe | 
Business lobby: Remove 'America's Dairyland' from Wisconsin license plates
The head of the state's business lobby, Kurt Bauer, said Monday that Wisconsin should consider removing the slogan "America's Dairyland" from its automobile license plates. Bauer said the move could help modernize outsiders' perceptions of the state's economy, which he said often focus on its agricultural sector. But Bauer said many other exciting things are happening in the state's economy. That starts, he said, with the plan by Taiwanese electronics maker Foxconn to build a massive manufacturing campus near Racine   Read More ...
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Tags: Economy |  Economics | 
Places: North America |  United States |  Midwest |  East |  Wisconsin | 
Jaitley’s visit strengthened India-US economic ties, says official
The US-India economic ties are quite strong and diversified and were strengthened further with Finance Minister Arun Jaitley’s visit to America during which he raised some of the key issues of concern with the American leadership, a top Indian official has said. Economic Affairs Secretary Subhash Chandra Garg, who visited the US last week to attend the annual meetings of the International Monetary Fund and the World Bank, said the bilateral relationship received a boost with Jaitley’s meetings with US Treasury Secretary Steven Mnuchin and Commerce Secretary Wilbur Ross   Read More ...
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Places: North America |  United States |  Asia |  S. Asia |  India | 
You can't tax an economy into prosperity: Art Laffer
Former Reagan economist Art Laffer on efforts to achieve tax reform.   Read More ...
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Tags: Taxes |  Economy | 
Places: Americas |  North America |  United States | 
Manchin to visit Eastern Panhandle, speak about the economy
HARPERS FERRY, W.Va. — West Virginia's Democratic U.S. Sen. Joe Manchin is visiting the state's Eastern Panhandle to discuss economic growth. The senator's office said in a news release that Manchin will speak Monday morning in the Jefferson County town of Shepherdstown during an economic forum focused on research and innovation. In the afternoon, Manchin is scheduled to speak in Harpers Ferry at the groundbreaking ceremony for the expansion of the Jefferson County Convention and Visitors Bureau   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
How a Healthy Economy Can Shorten Life Spans
The health of a nation’s economy and the health of its people are connected, but in some surprising ways. At times like these, when the economy is strong and unemployment is low, research has found that death rates rise. At least, in the short term. In the long term, economic growth is good for health. What’s going on? One study of European countries just before and during the Great Recession found that a one-percentage-point increase in the unemployment rate is associated with an 0   Read More ...
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Tags: Economy |  Economics | 
Places: United States | 
What you need to know about the Household Economic Stress Index
The PNC U.S. Household Economic Stress Index is something that smart investors might want to watch. As the name suggests, it is a measure of how stressed U.S. consumers are on an aggregate basis. “It’s a variation on the misery index,” says Stuart G. Hoffman, senior economic adviser at PNC Financial Services Group in Pittsburgh. The so-called misery index, around since the 1970s, is the percentage inflation rate plus the percentage unemployment rate   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
Fed's Rosengren sees three to four rate hikes next year
The Federal Reserve will probably need to raise interest rates in December and then three of four times "over the course of next year," assuming the U.S. unemployment rate continues to fall and inflation rises, Boston Fed President Eric Rosengren said. If inflation reaches the Fed's goal while the unemployment rate, now at a 16-year low of 4.2 percent, is below 4 percent that may be a signal that the economy could be overheating, Rosengren suggested in an interview   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 
Here's how the White House wants the GOP to talk about tax reform
The White House released its first economic analysis of the Republican tax plan on Monday, an attempt to establish the intellectual underpinning for the argument that cutting corporate taxes ultimately helps middle-class workers. The report from White House chief economist Kevin Hassett projects that the GOP goal of reducing the corporate tax rate from 35 to 20 percent will result in a windfall for workers   Read More ...
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Tags: Taxes |  Economy |  Corporate |  Enterprises |  Economics |  Corporate tax |  Taxation | 
Places: Americas |  North America |  United States |  White House | 
Trump’s Top Economist Says Corporate Tax Cuts Will Lift Workers’ Wages
Photo WASHINGTON — President Trump’s top economist argued in a report issued on Monday that corporate tax cuts being pushed by Republicans would increase a typical household’s income by between $3,000 and $7,000 a year, hinting at a primary argument the administration will make in drafting and selling its tax plan. Mr. Trump has endorsed a framework tax proposal, along with Republican leaders in Congress, that would reduce the top corporate rate to 20 percent, from 35 percent   Read More ...
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Tags: Taxes |  Corporate |  Enterprises |  Economics |  Economists |  Corporate tax |  Taxation | 
Places: Americas |  North America |  United States | 
METALS-London copper hits 3-year high, breaking $7,000/T, on rosier China economy
(Adds comment, detail, updates prices) By Melanie Burton MELBOURNE, Oct 16 (Reuters) - London copper prices charged through the $7,000 mark for the first time in three years on Monday, underpinned by improving manufacturing profits in China that pointed to robust growth in the world's top user of metals. China's producer price inflation unexpectedly accelerated to a six-month high in   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  E. Asia |  China | 
Manchin to visit Eastern Panhandle, speak about the economy
HARPERS FERRY, W.Va. (AP) — West Virginia's Democratic U.S. Sen. Joe Manchin is visiting the state's Eastern Panhandle to discuss economic growth. The senator's office said in a news release that Manchin will speak Monday morning in the Jefferson County town of Shepherdstown during an economic forum focused on research and innovation. In the afternoon, Manchin is scheduled to speak in Harpers Ferry at the groundbreaking ceremony for the expansion of the Jefferson County Convention and Visitors Bureau   Read More ...
Categories: Business | 
Tags: Economy |  Economics | 
METALS-Copper nears three-year top on rosier China economy
(Adds comment, detail, updates prices) By Melanie Burton MELBOURNE, Oct 16 (Reuters) - London copper prices rose to near three-year highs on Monday, underpinned by improving manufacturing profits in China that pointed to a robust economy in the world's top user of metals. China's producer price inflation unexpectedly accelerated to a six-month high in September as a construction boom shows   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  E. Asia |  China | 
India's Flipkart in talks to buy stake in BookMyShow - Economic Times
Oct 16 (Reuters) - Indian e-commerce firm Flipkart is in talks for a partnership with online ticketing platform BookMyShow in a bid to build out its services and transaction offering, the Economic Times newspaper reported. The talks are at a preliminary stage and may see Flipkart picking up a significant minority stake in BookMyShow, two people familiar with the discussions told the paper   Read More ...
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