Month: October 2019

Indian shares were largely unchanged on Wednesday, as global equities took a beating after U.S.-China standoff broadened and as investors kept a cautious stance ahead of September-quarter corporate results. Broader Asian peers fell the most in a week as the United States and China’s broadening dispute over trade and foreign policy showed little sign of coming to an end, weighing on global economic growth. The negotiations, which have been the global markets’ most important catalyst for months, have weighed on investor sentiment. …read more […]

(Bloomberg) — Activision Blizzard Inc. is facing a fierce backlash and calls for a boycott after a unit of the American game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the U.S. and China.Blizzard Entertainment banned Ng Wai Chung, known as Blitzchung, from its Grandmasters esports competition for a year and withheld prize money he had already won after he used a slogan from Hong Kong’s pro-democracy movement. Players and fans around the world immediately responded with outrage over what they view as heavy-handed punishment and kowtowing to Chinese censorship.“I will never play …read more […]

Thailand’s central bank saw a need to preserve monetary policy space to address possible future risks, when it kept its benchmark rate on hold last month, meeting minutes showed on Wednesday. The Bank of Thailand (BOT) remains worried about the impact of the strength of the baht on Southeast Asia’s second-largest economy and will consider implementing additional measures as needed, according to minutes of its Sept. 25. The baht is Asia’s best performing currency so far this year, up 7.3% against the U.S. dollar, driven by Thailand’s hefty current account surplus and fund inflows. …read more […]

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies.Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese ports after being transferred in the South China Sea, according to ship-tracking data compiled by Bloomberg. It’s unclear where this oil came from, but moving crude from one vessel to another at sea is a common way of disguising …read more […]

(Bloomberg) — It was a once-unthinkable move: purposely shutting off power to millions of people and plunging a major metropolitan area into darkness.And yet, come Wednesday, utility PG&E Corp. plans to shut electricity to 800,000 California homes and businesses — representing roughly 2.4 million people — to prevent wildfires as high winds are forecast to whip through the state. The outages will hit 34 counties, including much of the San Francisco Bay area, triggering a scramble by residents to prepare for what may be days without power.For PG&E, forced into bankruptcy by devastating fires that its equipment has ignited over …read more […]

(Bloomberg) — Renault SA is rushing to keep up with rivals to tap growing demand for electric cars in Europe with new models — possibly with the help of Nissan Motor Co.The French carmaker is mulling a new all-electric car, bigger than its best-selling Zoe, that could compete with the likes of Tesla Inc.’s Model 3 and Volkswagen AG’s ID.3. The car may be produced on a common platform with Nissan and third alliance partner Mitsubishi Motors Corp., according to Emmanuel Bouvier, commercial director of Renault’s electric car business.“We’re working on developing the range of our lineup so as to …read more […]

Q3 2019 Richelieu Hardware Ltd Earnings Call …read more […]

Q2 2019 Vivint Solar Inc Earnings Call …read more […]

In this article we are going to estimate the intrinsic value of Geely Automobile Holdings Limited (HKG:175) by taking… …read more […]