In order to justify the effort of selecting individual stocks, it’s worth striving to beat the returns from a market… …read more […]
Q2 2020 Darden Restaurants Inc Earnings Call …read more […]
China will not increase its annual low-tariff import quotas for corn, wheat and rice to accommodate stepped-up purchases of farm goods from the United States, local media group Caixin quoted senior agriculture official Han Jun as saying on Tuesday. The report underlines China’s desire to protect its domestic producers and raises further questions about how it will meet a target of spending billions of dollars more on U.S. agricultural goods as the two countries look to calm an extended trade war. U.S. President Donald Trump said in December that China had agreed to double its pre-trade war purchases …read more […]
(Bloomberg) — Asia’s best carry trade is suddenly in Hong Kong, where the local dollar has strengthened to an almost three-year high.Elevated local rates are increasing the appeal of owning the city’s currency, after years of depreciation wagers. Selling the greenback and using the proceeds to buy Hong Kong dollars has delivered Asia’s highest Sharpe ratio — a measure of returns adjusted for price swings — over the past month.The sustained strength has much to do with expectations that liquidity conditions will remain tight, keeping funding costs for the local dollar high versus those on the greenback. Traders unwinding their …read more […]
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion.
(Bloomberg) — China has included the internet industry for the first time in an envisioned overhaul of its anti-monopoly laws, potentially giving regulators the power to rein in the country’s increasingly dominant technology giants.Proposed revisions to the Anti-Monopoly Law, published last week, included language that accords regulators responsibility to monitor the impact that internet companies have on the online sector, their scale and their ability to control products and services. More broadly, companies found to have violated the law could be fined as much as 10% of their revenue or a maximum of 50 million yuan ($7.2 million) if they …read more […]
(Bloomberg) — China has included the internet industry for the first time in an envisioned overhaul of its anti-monopoly laws, potentially giving regulators the power to rein in the country’s increasingly dominant technology giants.Proposed revisions to the Anti-Monopoly Law, published last week, included language that accords regulators responsibility to monitor the impact that internet companies have on the online sector, their scale and their ability to control products and services. More broadly, companies found to have violated the law could be fined as much as 10% of their revenue or a maximum of 50 million yuan ($7.2 million) if they …read more […]
Japan is in touch with Lebanon, and other relevant nations, over the departure of former Nissan Motor Co boss Carlos Ghosn, the top government spokesman said on Tuesday.
Transport Minister Kazuyoshi Akaba said on Tuesday that inspections of large baggage were now mandatory at private jet facilities at Japan’s major airports, following the stunning escape of ex-Nissan boss Carlos Ghosn from the country.
(Bloomberg) — Baht bulls are on guard as they gauge the Thai central bank’s willingness to take more action to curb gains in the currency.Measures may include interest-rate cuts and stronger verbal intervention, according to Krung Thai Bank Pcl and Tisco Financial Group Pcl, though the top forecasters for the currency predict the baht will shrug off these moves and climb again in 2020. A Thai monetary policy committee member signaled Monday the central bank will seek to defend the level of 30 to the dollar.“The central bank’s tools on the baht now are only verbal intervention and a rate …read more […]
Intel Corp on Monday released a video of its Mobileye autonomous car navigating the streets of Jerusalem for about 20 minutes with the help of 12 on-board cameras and, unusually, no other sensors. The development comes as chipmakers and machine-vision system manufacturers compete to provide the brains and eyes of automated vehicles. Intel showed part of the unedited video https://www.youtube.com/watch?v=-kNUVM8s0nc&feature=youtu.be at a news conference at tech show CES in Las Vegas. …read more […]
General Motors Co’s vehicle sales in China fell for a second year as overall auto sales declined amid a slowing economy and because of competition in the key mid-priced sport utility vehicle (SUV) segment.
Asian shares rebounded on Tuesday as a day passed without any new escalation in the Middle East and Wall Street erased early losses to end in the black as tech stocks climbed.
General Motors Co’s vehicle sales in China fell 15% in 2019, as the U.S. automaker suffered a prolonged sales slowdown in the world’s biggest auto market and faced heightened competition in its key mid-priced SUV segment.
(Bloomberg) — Beijing’s muted response to the U.S.’s killing of top Iranian commander Qassem Soleimani suggests China still isn’t ready to join Russia in taking a more direct role in the Middle East’s entrenched conflicts.While Foreign Minister Wang Yi said China was “highly concerned” by the action and called it “unacceptable,” he didn’t use words like “condemn” or “denounce” like his Iranian and Russian counterparts, Javad Zarif and Sergei Lavrov. Instead, he told Zarif that China would “play a constructive role” to help safeguard regional security and said on a call with Lavrov that “all parties” must uphold international law.The …read more […]
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