Brent crude futures jumped nearly $3 on Friday after a U.S. air strike in Baghdad killed top Iranian and Iraqi military commanders, sparking concerns of disruption to Middle East oil supplies.
China has decided to keep its inflation target unchanged this year at around 3%, sources say, suggesting policymakers will continue to roll out more economic support measures while avoiding aggressive stimulus.
In this article we are going to estimate the intrinsic value of China Dongxiang (Group) Co., Ltd. (HKG:3818) by… …read more […]
Ryanair is prepared for further delays to the delivery of its Boeing 737 MAX airliners, its chief executive Michael O’Leary told German magazine Wirtschaftswoche, adding that he would only discuss compensation after the aircraft had been delivered.
(Bloomberg) — The dollar had an awful December and things may only get worse.That’s the view of a growing number of fund managers and strategists including those at M&G Investments Ltd., Brandywine Global Investment Management and ABN Amro Bank NV. A truce in the U.S.-China trade war, improving global growth and a shrinking yield premium on U.S. Treasuries will undermine the currency, they said.“We expect to see better growth in the rest of the world ex-USA,” said Jack McIntyre, a portfolio manager at Brandywine Global Investment Management in Philadelphia. “The primary driver of dollar weakness will be a shift in …read more […]
Ryanair is prepared for further delays to the delivery of its Boeing 737 MAX airliners, its chief executive Michael O’Leary told German magazine Wirtschaftswoche, adding that he would only discuss compensation after the aircraft had been delivered. The 737 MAX airliner has been grounded since March following two crashes which claimed 346 lives. One of the world’s largest airlines, Ryanair has ordered 135 of the jets. …read more […]
Asian shares slipped on Friday, erasing early gains, while gold shone and oil prices spiked after U.S. air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions.
(Bloomberg) — Peninsula Land Ltd., an Indian property developer, blamed overdue rent from Prime Minister Narendra Modi’s government for missing a 23.5 million rupees ($330,000) debt payment.It couldn’t pay State Bank of India on time because India’s tax departments, which had leased office space from Peninsula, were delaying rent payments, the company said in a filing on Thursday. The loan used rent receipts as collateral, a facility where the rent often goes straight to the bank rather than to the property owner, it said.Peninsula used its own resources to pay the loan and “regularized” the account, the company said, in …read more […]
(Bloomberg) — NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend $123.5 million buying five Lippo shopping malls in Indonesia.Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for $92 million while another three will be bought for $31.5 million from entities owned by PT Multipolar.The acquisitions represent “a milestone in NWP Retail’s rapid expansion,” CEO Timothy Daly said in an emailed statement Tuesday. “It will strengthen the company’s presence across key markets in tier 1 and tier 2 cities in Indonesia.”NWP Retail, a joint venture between Warburg …read more […]
American is talking to Boeing about compensation for grounded planes and canceled flights. …read more […]
Credit Suisse said on Friday it expects to buy back at least 1 billion Swiss francs ($1.03 billion) worth of shares until the end of 2020, subject to market and economic conditions, after completing a similar program last year.
Across snow-covered North Dakota, U.S. farmers are stuck with fields full of weather-damaged corn – a crop they planted after the U.S.-China trade war killed their soybean market. Many don’t know yet what crops they’ll plant next season among a host of dicey options.
(Bloomberg) — Gold jumped to the highest in almost four months after a U.S. airstrike killed one of Iran’s most powerful generals, ratcheting up tensions in the Middle East and spurring demand for haven assets.The strike in Baghdad ordered by President Donald Trump killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the Defense Department said. Iran’s supreme leader, Ayatollah Ali Khamenei, has vowed that “severe retaliation” awaits those who killed the commander.Bullion is already building on its stellar 2019 rally as the dollar weakens, and the return of geopolitical concerns to the foreground will further …read more […]
India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, a government source said on Friday. Lower buying by the world’s second biggest consumer of the precious metal could weigh on global prices that jumped 18% in 2019, but help New Delhi bring down the trade deficit and support the rupee. India imported 831 tonnes of gold in 2019, down from 944 tonnes a year ago, the source said, who is not authorised to …read more […]
(Bloomberg) — The tone in global financial markets has turned cautious after a U.S. airstrike killed a top Iranian commander, fueling concern over an escalation in tensions.U.S. stock futures dropped and Asian shares reversed gains, while oil spiked along with the yen and gold. Qassem Soleimani, a feared Iranian general who through proxy militias extended his country’s power across the Middle East, was killed at the direction of U.S. President Donald Trump. The risk-off move deepened after Iran’s supreme leader, Ayatollah Ali Khameini, said “severe retaliation” awaited Soleimani’s killers.The shock news comes after most asset classes had a stellar 2019, …read more […]
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