Year: 2019

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Trading Ideas

GLOBAL MARKETS-Global shares inch up, but trade worries linger

November 22, 2019 admin Comments Off on GLOBAL MARKETS-Global shares inch up, but trade worries linger

Global stocks inched up on Friday, lifted by China’s renewed offer to work out a trade pact with Washington, but gains were limited by uncertainty over how the 16-month-old trade war plays out and how much it may undermine the world economy. Such jitters have put MSCI’s index of global shares on course to snap a six-week streak of gains, with lacklustre economic data and rising political risks in the United States and Britain also casting a pall on sentiment. European shares opened modestly firmer, however, rising off three-week lows touched on Thursday when it seemed that U.S. …read more […]

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Business News

KKR reaches halfway in $3 billion Asia infrastructure fundraising: source

November 22, 2019 admin Comments Off on KKR reaches halfway in $3 billion Asia infrastructure fundraising: source

Global private equity group KKR & Co has raised $1.5 billion for its first Asia-focused infrastructure fund, roughly half the total targeted, one person with direct knowledge said. KKR began to target Asia’s infrastructure sector with a series of hires beginning about a year ago and launched its fundraising in 2019.

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Trading Ideas

Tesla Unveils Pickup Truck in Demo Marred by Shattered Glass

November 22, 2019 admin Comments Off on Tesla Unveils Pickup Truck in Demo Marred by Shattered Glass

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk took to the stage late Thursday to reprise a familiar role: pitching a future vehicle to a throng of adoring fans. This time, it was the “Cybertruck” — his name for Tesla’s new electric pickup.The angular vehicle, which has a stainless-steel skin, starts at $39,900 and will come in three variants, Musk told a packed audience in Hawthorne, California. Customers can order the truck with a deposit of just $100, though production “nears in late 2021,” Tesla said on its website.After a “Blade Runner”-inspired introduction, Musk had Tesla’s long time chief …read more […]