Month: January 2020

(Bloomberg) — An upbeat start to trading on Tuesday looked under threat as an Iranian news agency said the country is assessing scenarios for its response to the U.S. killing of a military leader. American equity futures pared a gain as Treasuries and gold erased declines, though stocks in Europe and Asia rose.Contracts for the S&P 500 briefly gave up all of the morning’s advance as the semi-official news organization Fars cited the head of Iran’s national security council saying the nation is assessing 13 possible scenarios for retaliation against the killing of Qassem Soleimani. They recovered to trade slightly …read more […]

The 106-year-old firm, famed for being fictional agent James Bond’s brand of choice, cut its forecast for wholesale volumes and profit margins in July, and reduced its volume forecast again in November, citing weak UK and European markets and subdued demand for its Vantage model. Aston Martin said on Tuesday tough conditions continued through December, leading to a 7% drop in wholesale volumes for the year, with Europe underperforming the rest of its markets. “From a trading perspective, 2019 has been a very disappointing year,” Chief Executive Officer Andy Palmer said, adding the company now expected an adjusted …read more […]

U.S. electric car maker Tesla Inc said it has started work on building Model Y electric sports utility vehicles (SUV) at its $2 billion Shanghai factory, marking a new milestone for the company’s first foreign car plant. The event comes just over a week after Tesla started delivering Model 3 vehicles built at the factory that was up and running in just 357 days – a record for global automakers in China. Tesla delivered China-made Model 3 cars to 10 customers from the public on Tuesday. …read more […]

(Bloomberg) — Tesla Inc. kicked off production in China, marking a major step in Chief Executive Officer Elon Musk’s global push for electric-vehicle domination and heralding what could be the dawn of real competition in the world’s largest EV market.Musk presided over a ceremony on Tuesday at a new multibillion-dollar plant near Shanghai — its first outside the U.S. — where the American company is handing over the first China-made Model 3 sedans to the public. Technically, deliveries began last week but those were to employees.Local production could help Musk build on recent momentum for the company in the country, …read more […]

(Bloomberg) — Creditors to a struggling Indian shadow financier, once controlled by former billionaires Shivinder Singh and Malvinder Singh, are finalizing a rare debt recast in the sector by writing off almost half of the company’s loans, people familiar with the matter said.Lenders to Religare Finvest Ltd., including State Bank of India, have agreed to take a 49% haircut on its 58 billion rupees ($808 million) debt, the people said, asking not to be identified as the information isn’t public. The restructuring may be implemented as early as the end of January, they said.Any debt restructuring at Religare Finvest, which …read more […]

Today we’ll evaluate BAE Systems plc (LON:BA.) to determine whether it could have potential as an investment idea… …read more […]

(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The Bank of Thailand’s message for investors who view the baht as a safe haven amid the tension between the U.S. and Iran is simple: they’re misguided.The Thai currency has surged more than 6% against the dollar in the past year, putting pressure on the country’s export-led economy and prompting steps by the central bank to pare the appreciation.Central bank Governor Veerathai Santiprabhob told reporters Tuesday headwinds for the currency include the Thai economic slowdown and the fact the baht has …read more […]

Q3 2019 Matinas BioPharma Holdings Inc Earnings Call …read more […]