Markets


How anxious should the Indian market be on US Treasury yield inversion? How anxious should the Indian market be on US Treasury yield inversion?
- March 27, 2019

European and USA equity markets were expected to follow Asia's lead, spreadbetters showed, with London's FTSE futures up 0.3 percent and E-minis for the S&P 500 tacking on one-third of a percent. "Most economic forecasts, including our own, are such that the second half of the year should see a cyclical pickup in activity - but the market is pricing something different", said Peter Schaffrik, head of European rates strategy at RBC Capital Markets. (more...)
Judge recommends partial ban on iPhone imports to US Judge recommends partial ban on iPhone imports to US
- March 27, 2019

Apple denies infringing the patents and claims Qualcomm is trying to shut its only US -based competitor out of the market, which the Cupertino, California-based company argues will hinder the development of the fifth-generation of mobile communications. (more...)
Aston Martin Unveils Drool-Worthy Renderings of the DBS GT Zagato Aston Martin Unveils Drool-Worthy Renderings of the DBS GT Zagato
- March 26, 2019

They're only making 19 of these , and remember, if you want to be part of the lucky few, you have to pony up roughly $8 million for the pair. The Aston Martin DBS GT Zagato will be built at the company's Gaydon headquarters. This year, Italian design house Zagato is celebrating its 100th anniversary. Creating a vehicle fit to stand alongside it was always going to be a formidable challenge, but also a great motivation'. (more...)
Macron meets Xi Jinping to strengthen EU-China relationship Macron meets Xi Jinping to strengthen EU-China relationship
- March 26, 2019

They did not take questions from press on the potentially prickly issues, however. Macron, who invited German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker to talks with Xi Jinping in Paris, said he wanted to build a fairer, more balanced multilateral trade framework with China. (more...)
Uber acquires Middle East competitor Careem for $3.1 billion
- March 26, 2019

Careem's CEO Mudassir Sheikha described the acquisition as a "milestone" for the company and for budding entrepreneurs in the region. "This is an important moment for Uber as we continue to expand the strength of our platform around the world", Uber chief executive Dara Khosrowshahi said. (more...)
Avocados in 6 States Recalled Over Listeria Concerns Avocados in 6 States Recalled Over Listeria Concerns
- March 26, 2019

The recall was initiated after a routine test on samples at the company's California packing facility. The company told Consumer Reports in an email that it is now cleaning and sanitizing its California packing facility, a process being conducted by a third party. (more...)
Henry Avocado Recalls Whole Avocados Because of Possible Health Risk Henry Avocado Recalls Whole Avocados Because of Possible Health Risk
- March 26, 2019

The company said they were sold in bulk across California, Arizona, Florida , Wisconsin, North Carolina and New Hampshire. Organic avocados carry a sticker that is contains the words "organic" and "California". Symptoms for listeria infection include nausea, abdominal pain, diarrhea, fever, severe headache, and stiffness. Henry Avocado urges consumers to discard or return the products to the place they were purchased for a refund. (more...)
Off course: British Airways plane mistakenly lands in Scotland, not Germany Off course: British Airways plane mistakenly lands in Scotland, not Germany
- March 25, 2019

The British Airways flight had taken off from London City Airport, according to the BBC . Instead, it landed in the Scottish capital. WDL Aviation ran the BA flight through a leasing deal. "He said it had never happened before and that the crew was trying to work out what we could do", said Ms Cook, who travels from London to Dusseldorf each week for work. (more...)
Apple launches credit card with Goldman Sachs Apple launches credit card with Goldman Sachs
- March 25, 2019

Aside from its music streaming service, Apple Music, the company has also commissioned multiple original shows such as Planet of the Apps and See, as well as a standalone Carpool Karaoke series. Tokenization replaces a customer's card number with a token, so the actual card number isn't being passed back and forth in a way that would be susceptible to hacking. (more...)
Trump now says Mueller acted honorably during Russian Federation probe Trump now says Mueller acted honorably during Russian Federation probe
- March 25, 2019

The four-page memo written by Attorney General William Barr states clearly, "The Special Counsel's investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russian Federation in its efforts to influence the 2016 US presidential election". (more...)
Auto deliveries priority for Tesla: Elon Musk Auto deliveries priority for Tesla: Elon Musk
- March 25, 2019

The SEC is claiming that the tweet in question is inaccurate and violates the settlement Musk came to with the agency in 2018. The lawyers spoke on behalf of Musk's tweet which he had written back on February 19, 2019. While speaking to the reporters Dan Ives said that the Model Y had great interior design and stated that the present endeavor of Tesla could be very profitable for the company. (more...)
Reliance denies selling oil to Venezuela by sidestepping US sanctions Reliance denies selling oil to Venezuela by sidestepping US sanctions
- March 25, 2019

Reliance, controlled by billionaire businessman Mukesh Ambani, has significant exposure to the financial system of the United States, where it operates subsidiaries linked to its oil and telecom businesses, among others. financial system who choose to trade with Venezuelan entities. India is one of the largest importers of Venezuelan crude, but it has been concerned about sanction violations as Washington's pressure on Caracas increases, with the Trump administration asking importers to ... (more...)
Explained: Naresh Goyal’s likely exit from Jet Airways - why markets are celebrating Explained: Naresh Goyal’s likely exit from Jet Airways - why markets are celebrating
- March 25, 2019

The development comes as a majority of the airline's fleet has been grounded amid non-payment of dues to banks, suppliers, pilots and lessors. Jet Airways' joint venture partner Etihad Airways has already expressed interest in divesting its stake in the company, as it did not agree to the revised agreement between the shareholders, under which it had to pump in fresh equity of ₹1,600 crore. (more...)
Uber picks New York Stock Exchange for IPO Uber picks New York Stock Exchange for IPO
- March 25, 2019

Uber Technologies Inc. has selected the New York Stock Exchange for its initial public offering, now expected to happen in April. Uber has reportedly picked the New York Stock Exchange for its forthcoming flotation in what could be one of the biggest listings on record. (more...)
Euro zone business growth worse than expected in March Euro zone business growth worse than expected in March
- March 25, 2019

Indeed, investors will likely focus on the Markit manufacturing and services PMI reports today. U.S. GDP is forecast to expand at an annualized rate of 1.6 per cent this quarter, down from the 2.6 per cent in the fourth quarter of 2018, according to a Reuters poll of more than 100 economists released last week. (more...)
Jet pilots say mortgaging jewellery to stay afloat Jet pilots say mortgaging jewellery to stay afloat
- March 25, 2019

Jet Airways, on the verge of going belly-up, has suspended operations on as many as 13 more global routes till end-April even as it grounded seven more planes due to non-payment of rentals, taking the number of such aircraft to 54. Similarly, flights on the Mumbai-Hong Kong (7 weekly) route will be halted till April 30, while the Kolkata-Dhaka services have also been halted till April 30. (more...)
Trump taps a strident Powell critic for spot on Fed board Trump taps a strident Powell critic for spot on Fed board
- March 25, 2019

Moore has emerged as an ardent critic of the Federal Reserve Board under its current chairman, Jerome Powell, who fell out of favor with Trump a year ago after the Fed's rate increases. "Presidents certainly use appointments to shape monetary policy -if the Senate is willing to go along, that is", said Sarah Binder, an economics professor at George Washington University. (more...)
Treasury yield curve inversion in 2019 for first time since Great Recession Treasury yield curve inversion in 2019 for first time since Great Recession
- March 24, 2019

They also serve as a proxy for interest rates. In the wake of the U.S. Federal Reserve's decision to keep interest rates unchanged and to slash all projections of a rate hike this year comes a couple of completely different assessments of the moves. (more...)
GM announces jobs, electric vehicle after Trump criticism GM announces jobs, electric vehicle after Trump criticism
- March 24, 2019

The plant now makes the Chevrolet Bolt and is working on autonomous vehicles. Details on the additional investments will come at a later date, but GM said it plans to add 700 new jobs to other USA facilities with the investments. GM has invested more than $22 billion in its US manufacturing operations since 2009. The Orion Township plant is slated to begin building a new generation of electric and self-driving vehicles, using GM's dedicated BEV3 architecture, but not until 2023, a third ... (more...)
Erdogan urges fight on Islamophobia ‘like anti-Semitism after Holocaust’ Erdogan urges fight on Islamophobia ‘like anti-Semitism after Holocaust’
- March 24, 2019

He went on to explain that the phenomenon does not only limit to politics, civil society or scholarship but also affects leaders' security forces and people in the streets. Haluk Levent, a renowned Turkish singer, told Anadolu Agency: "I got positive reactions from the Muslims of New Zealand". Representatives from the OIC, which groups Muslim countries, said in a statement that "genuine, comprehensive and systematic measures" were needed to tackle the "affliction" of Islamophobia . (more...)