Month: March 2020

(Bloomberg) — India’s central bank kept amassing dollars all through 2019, ending the year with Asia’s biggest jump in foreign-exchange reserves. That may come in handy now.Authorities may deploy some of the stockpile to steady the rupee, which has tumbled more than 2% over the past week as more locals are diagnosed with the coronavirus. The currency is the worst performer in Asia this month after having escaped relatively unscathed in February when most regional peers were hit by the contagion.“The RBI has big firepower at its disposal in the form of FX reserves and can easily arrest the rupee’s …read more […]

Last week, US stocks dropped firmly and settled in the connection territory as threat from the coronavirus pandemic wreaked havoc among investors. The Dow Jones Industrial Average plunged by 9.13% between February 23 and February 28, recording the biggest two-day point decline in history on Tuesday and Wednesday. The S&P 500 lost 8.24% and the […] …read more […]

(Bloomberg) — Concerns over the coronavirus are putting an end to some of the biggest business conferences of the year. International Business Machines Corp. is the latest to cancel its main annual event, which was scheduled to draw some 30,000 people to San Francisco in May.IBM said Wednesday it will instead stream video and other online content in place of the in-person convention for IBM Think 2020. The company also said it’s adopting stricter travel requirements for employees. That includes the suspension of all domestic travel for internal meetings, a ban on attending external events with more than 1,000 attendees …read more […]

One of the things that has attracted me to Aurora Cannabis (ACB) for some time has been its decision to forego giving up control of the company as Canopy Growth (CGC) has done, which eventually resulted in Constellation Brands taking control of Canopy, while changing its business model.With Aurora under pressure because of the problems associated with the Canadian cannabis market, especially the snails pace of awarding licensing and opening retail outlets, resulting in too much supply because Aurora and others had based production capacity built-out, to a major degree, on hundreds more stores being opened by now.In this article …read more […]

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