(SEOUL, S.K.) JUST IN: Samsung said on Monday its opening the ‘ Worlds Largest Mobile Phone Factory ‘ in India according to a report #AceFinanceDesk reports

#AceFinanceReport – July.09: Samsung said on Monday that it is opening what it said is the world’s biggest mobile phone manufacturing facility as the South Korean giant seeks to expand production in the world’s fastest growing mobile phone market from a report #AceFinanceDesk reports

The new Samsung factory will have the capacity of 120 million smartphones per year, and make everything from low-end smartphones that cost under $100 to its flagship S9 model, according to the company: Earlier this year, China’s Xiaomi displaced Samsung from the No. 1 smartphone spot in the country, breaking its long-held dominance. Indians favor low-end smartphones priced at $250 or less, given the low average annual income of its people, according to Bloomberg Intelligence……………………That’s one reason why Apple has struggled to gain market share in India, with most iPhone models priced beyond $500, according to a Bloomberg Intelligence report earlier this month:

World’s Largest Mobile Phone Factory Set To Open in India
Published on July 09, 2018 at 07:20AM: Source: BM

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ Ace News Services Posts https://t.me/AceSocialNews_Bot and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews all private chat messaging on here https://t.me/sharingandcaring

Advertisements

JUST IN: (MOSCOW) Putin signs ‘ Counter-Sanctions-Bill ‘ in response to US and it will be applied to any ‘ Hostile Actions ‘ against Russia #AceFinanceDesk reports

#AFNews – 05/05/18: Putin signs US counter-sanctions bill: Russian President Vladimir Putin has signed a counter-sanctions bill in response to the US’ latest sanctions against the country #AceFinanceDesk reports

The Monday signed legislation will be applied to any state or person for “hostile actions” against Russia and permits authorities to halt international cooperation with foreign states, and to impose import and export restrictions and other measures: The new measures, designed to safeguard “economic interests and security,” was drafted by State Duma Speaker Vyacheslav Volodin and the heads of all four parliamentary caucuses in mid-April and approved by Russian lawmakers by the end of May: http://ptv.io/2ad4

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ Ace News Services Posts https://t.me/AceSocialNews_Bot and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews all private chat messaging on here https://t.me/sharingandcaring

(DELHI, India.) India decided to proceed with the long-anticipated $5.5 bln deal to purchase Russia’ s S-400 surface-to-air missile units despite the US saying the purchase may affect the relations between Washington and New Dehli over Russian sanctions #AceFinanceDesk reports

#AceFinanceReport – June.02: According to the Hindustan Times, India’s Defense Ministry is to ask the apex Cabinet Committee to approve the purchase of the five S-400 Triumf systems, thus finalising the agreement: The deal is set to go through despite the fact that the Trump administration warning New Delhi of the possible ramifications of India’s intention to cultivate military ties with Russia, that would imminently jeopardise its relations with the US #AceFinanceDesk reports
India to buy Russian S-400 systems despite Washington’s warnings - report

Chairman of the U.S. Arms Service Committee Mac Thornberry has said that “the acquisition of this technology will limit, the degree with which the United States will feel comfortable in bringing additional technology into whatever country we are talking about.”

In case the purchase officially goes through, the Trump administration’s reaction might go as far as punishing India for violating the sanctions imposed against Russia.

Forced to choose between Russia and the US, New Delhi highlighted the need for a strong air defense given the fact the neighbouring China and Pakistan have already obtained advanced aerial capabilities.

India’s decision to rely on the Russian-made S-400 systems that have drawn a lot of interest from international buyers, could jeopardize sales of US-built Predator drones and Patriot missile defense systems. Though the US has been talking up the effectiveness of Patriots, the missile has reportedly been less than effective when used recently by Saudi Arabia.

According to NATO classification, S-400 Triumf is Russia’s most advanced air defense hardware, boasting unique and unparalleled capabilities. Capable of firing three types of missiles create a layered defense, the S-400 integrates a multifunction radar, autonomous detection and targeting systems, missile launchers and command posts. It can bring down aircrafts as well as missiles at the range of up to 400km.

With Russia being India’s largest arms supplier, Moscow accounted for 62 percent of arms sales to New Delhi over the past five years, according to the Stockholm International Peace Institute.

India is not the only country that has been experiencing tough pressuring from Washington. The US has been very explicit in its criticism of its “strategic partner”, Turkey and its deal with Russia to purchase the S-400 systems.

According to State Department spokesperson Heather Nauert, Washington is seriously concerned about the fact Turkey as a NATO member would choose to purchase weapons not made in the US. In a bid to pressure Ankara, Assistant US Secretary Wess Mitchell said that unless Turkey backed out, the purchase “could lead to sanctions.”

Testifying before the House Foreign Relations committee last week, Secretary of State Mike Pompeo said the US was making efforts to “keep the Turks in a place where they will never acquire the S-400.”

Moreover, US lawmakers introduced a bill which would virtually ban F-35 deliveries to Turkey to punish it for its increased “hostility.” The US has also criticized Ankara over the announcement it would look elsewhere in case Washington failed to deliver the F-35s.

RT: India to buy Russian S-400 systems despite Washington’s warnings – report https://t.co/b56ouna9Gxhttps://t.co/l1xOteWiAO

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ Ace News Services Posts https://t.me/AceSocialNews_Bot and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews all private chat messaging on here https://t.me/sharingandcaring

MARKETS REPORT: Wall Street reacts as Italian & Spanish crisis begins to bite and Trump announces $50-billion in China tariffs on Tuesday on ‘ goods and investments in US tech industries ‘ as fears rise of another ‘ financial crisis ‘ looming with some major players considering decampment to higher ground #AceFinanceDesk reports

#AceFinanceReport – May.29: The Dow falls more than 400 points as investors fear US-China trade tensions and Italy’s political crisis https://cnnmon.ie/2J1ldor after earlier at opening at 200 points, or 0.8%, down as political chaos in global markets. S&P 500 falls 0.7%. Energy stocks dip as oil loses 1% on concerns about OPEC and Russia pumping more: Also on Tuesday, the White House said the administration would proceed with its proposal to impose 25% tariffs on $50 billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries #AceFinanceDesk reports

The decision comes after top administration officials have tried to dampen fears of a trade war: Treasury Secretary Steven Mnuchin said a trade war with China was “on hold” less than 10 days ago. And Commerce Secretary Wilbur Ross is expected in Beijing on Saturday to help ease trade tensions between the two major trading partners:

Beijing has previously pledged to retaliate against the 25 percent tariffs.

In a brief statement, the White House said the president plans to take “multiple steps” to protect domestic technology and intellectual property from certain “discriminatory and burdensome trade practices by China.”

The latest step follows a March report by the US Trade Representative Office, which undertook a seven-month investigation of China’s handling of technology transfers and intellectual property, according to the White House’s statement.

“The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology, the White House said in a statement.

The final list of covered imports subject to tariffs will be announced by June 15. Those tariffs will take effect “shortly thereafter.”

Proposed investment restrictions will be announced by June 30 and also take effect at a later date.

CNNMoney (New York) First published May 29, 2018: 9:16 AM ET: Last week, the administration said it would negotiate to avoid a trade war. https://cnnmon.ie/2JdDWAFpic.twitter.com/n6HO0St8r4: Breaking144 Just tweeted ********************************************** Wall Street futures fall as Italy, Spain worries turn investors risk averse https://t.co/BhsyrvlrSRhttps://t.co/fczlCQEW8x:https://t.me/SterlingPublishingPanel/158920 #AceFinanceNews

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ Ace News Services Posts https://t.me/AceSocialNews_Bot and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews all private chat messaging on here https://t.me/sharingandcaring

(WASHINGTON) According to a ‘ Congressional Report ‘ released Monday ‘ tax break ‘ for mortgage interest disappearing for half of those who claimed it and only 13.8-million will be able to claim the ‘ mortgage interest deduction ‘ in 2018 down from more than 32.3-million in 2017: Here’s the chart on how it affects you #AceFinanceDesk reports

#AceFinanceReport – Apr.24: The number of homeowners who will benefit from the mortgage tax break is expected to plummet this year by more than half, according to a congressional report released on Monday: About 13.8 million taxpayers will be able to claim the mortgage-interest deduction in 2018, down from more 32.3 million in 2017, estimates from the Joint Committee on Taxation show……………That’s about a 57 percent drop #AceFinanceDesk reports

Tax returns using mortgage interest deduction

Income 2017 tax returns 2018 tax returns
less than $10,000 under 500 under 500
$10,000-$20,000 105,000 42,000
$20,000-$30,000 244,000 73,000
$30,000-$40,000 540,000 143,000
$40,000-$50,000 961,000 281,000
$50,000-$75,000 3,967,000 1,343,000
$75,000-$100,000 4,563,000 1,826,000
$100,000-$200,000 14,227,000 5,402,000
$200,000-$500,000 6,575,000 3,681,000
$500,000-$1 million 797,000 657,000
$1 million and over 328,000 314,000

Source: Joint Committee on Taxation estimates

Already, the deduction was not used by most taxpayers. Of the 150 million or so tax returns the IRS has received annually in recent years, just 20 percent claimed the deduction, according to research from the Urban Brookings Tax Policy Center:

The anticipated drop is largely due to the near-doubling of the standard deduction that took effect Jan. 1 under the new tax law. Fewer taxpayers are expected to itemize their deductions, which is the only way to take advantage of the tax break for interest paid on mortgages.The new report estimates that 18 million households will itemize deductions this year, down from 46.5 million last year:

Taxpayers would need deductions worth more than the standard deduction for itemizing to make financial sense. And with few deductions left for taxpayers to turn to, that threshold will be a harder hurdle to clear.

For example, married couples filing jointly now get a standard deduction of $24,000, up from $12,700 last year. That amount for single filers is $12,000, up from $6,350. For heads of households, it’s now $18,000, up from $9,350. In combination with raising those amounts, the new tax eliminated personal exemptions: Tax break for mortgage interest disappearing for half of those who claimed it https://t.co/KE71rXsqTH— CNBC (@CNBC) April 24, 2018: https://t.me/acebreakingnews/679338 #AceFinanceNews

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here Live Feeds https://acetwitternews.wordpress.com/ Ace News Services Posts https://t.me/acenewsdaily and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews all private chat messaging on here https://t.me/sharingandcaring

JUST IN: #Dow plunges 670+ points in worst fall for two years after better than average jobs figures & strong wage growth drives 10-year Treasury yield to 4-year highs #AceFinanceDesk reports

#AFNews – 02/02/17: #Dow plunges 670+ points #AceFinanceDesk reports

https://t.co/3smEHIHw0I pic.twitter.com/GBmh9843AD Stocks have worst week in 2 years, with the Dow closing down by more than 675 points https://t.co/3smEHIHw0I pic.twitter.com/QdirXkyGeZ
February 02, 2018 at 11:01AM
via Twitter https://twitter.com/CNBC
CNBC Report February 02, 2018 at 10:55AM RT @CNNMoney: Dow drops 200 points, sinking below 26,000. Strong wage growth drives 10-year Treasury yield to 4-year highs. https://t.co/A9…#AceFinanceNews

Editor says #AceNewsDesk reports & #Brittius says are provided by Sterling Publishing & Media News and all our posts, links can be found at here https://t.me/acenewsdaily and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com or you can follow our breaking news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

JUST IN: MORE THAN 15,000 KALASHNIKOV ASSAULT RIFLES MANUFACTURED ABROAD UNDER RUSSIAN LICENSE SINCE YEAR START – & 7-CONTRACTS FOR 100,000 – ROSOBORONEXPORT #AceFinanceDesk reports

#AFNews – Sept.19: MORE THAN 15,000 KALASHNIKOV ASSAULT RIFLES MANUFACTURED ABROAD UNDER RUSSIAN LICENSE SINCE YEAR START & HAS CONCLUDED SEVEN CONTRACTS FOR SUPPLY OF OVER 100,000 – DIRECTOR GENERAL – ROSOBORONEXPORT #AceFinanceDesk reports

.@SputnikInt #AceFinanceNews

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day on https://t.me/acenewsdaily and free help and guidance tips are on AcePCHelp.WordPress.Com or you can follow our news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

JUST IN: Northrop Grumman has reached a deal to acquire fellow defence contractor Orbital ATK for about $7.8 billion #AceFinanceDesk reports

#AFNews – 18/09/17: Northrop Grumman has reached a deal to acquire fellow defence contractor Orbital ATK for about $7.8 billion #AceFinanceDesk reports

https://t.me/acebreakingnews/97420 USA TODAY (@USATODAY) September 18, 2017 #AceFinanceNews

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day on https://t.me/acenewsdaily and free help and guidance tips are on AcePCHelp.WordPress.Com or you can follow our news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

MARKETS: #US Stocks finish a solid week with gains. The #Dow, #S&P500 & #Nasdaq all hit record highs on Friday #AceFinanceDesk reports

#AFNews – 15/09/17: Stocks finish a solid week with gains….The #Dow, #S&P500 and #Nasdaq all hit record highs on Friday #AceFinanceDesk reports

#CNNMONEY https://t.co/A9OlUXl3FI #AceFinanceNews

EDITOR: Thanks for following as always appreciate every like, reblog or retweet for all our daily news and minute by minute 24-hours a day on https://t.me/acenewsdaily and free help and guidance tips are on AcePCHelp.WordPress.Com or you can follow our news posts on AceBreakingNews.WordPress.Com or become a member on Telegram https://t.me/acebreakingnews

#us