Business News
Walmart sacks 56 executives in India as part of restructuring
Walmart Inc, the world’s largest retailer, has fired 56 of its executives in India as it restructures in the country.
Articles by admin
Business News
The real price of Occidental’s ‘costless’ oil hedge
In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market data and interviews shows that’s not the whole story.
Trading Ideas
Formosa International Hotels Sees ‘Golden Age’ for Taiwan
Jan.13 — Steven Pan, executive chairman of Silks Hotel Group and Formosa International Hotels, talks about the outcome of Taiwan’s elections, and the implications for the economy. Pan speaks with Stephen Engle on “Bloomberg Markets: Asia.” …read more […]
Trading Ideas
Trading Ideas
Frontier Biotechnologies Plans to List on Shanghai’s Star Market
Jan.13 — Xie Dong, chairman and chief science officer of Frontier Biotechnologies, a Chinese clinical-stage drug developer that focuses on HIV treatments, discusses the company’s business, outlook and its plan to list shares. He speaks on the sidelines of UBS Greater China Conference with Tom Mackenzie on “Bloomberg Markets: China.” …read more […]
Business News
Asian shares at 19-month highs ahead of U.S.-China deal
Asian shares shook off a quiet start to reach new 19-month highs on Monday ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see the details of the agreement.
Business News
Walmart India says eight senior staff among 56 executives fired
Walmart Inc , the world’s largest retailer, has fired 56 of its India executives including eight from senior management, Krish Iyer, President and CEO of its India unit, said on Monday.
Trading Ideas
Bitcoin’s intrinsic value remains below market price, ‘suggesting some downside risk’ – JPMorgan
Bitcoin’s intrinsic value (an estimate of the actual true value) is still below market price, according to JPMorgan. “The gap has not yet fully closed, suggesting some downside risk remains,” said JPMorgan strategists led by Nikolaos Panigirtzoglou (MD for Global Market Strategy) in a note published Friday, as reported by Bloomberg. The market price of […]The post Bitcoin’s intrinsic value remains below market price, ‘suggesting some downside risk’ – JPMorgan appeared first on The Block. …read more […]
Trading Ideas
Philippines Financially Ready for Volcanic Eruption Damage: Finance Secretary
Jan.13 — Finance Secretary Carlos Dominguez talks about the actions the government is taking as a volcano is erupting just 40 miles from Manila. He speaks with Haslinda Amin and Rishaad Salamat on “Bloomberg Markets: Asia.” …read more […]
Trading Ideas
Ireland Is a Link Into Europe, North America, Says Department of Finance’s Ryan
Jan.13 — Paul Ryan, head of international finance division at the Ireland Department of Finance, discusses the relationship between Ireland and Hong Kong, Ireland’s tech sector and his thoughts on Brexit. He speaks on “Bloomberg Markets: Asia” from the sidelines of the Asia Financial Forum in Hong Kong. …read more […]
Trading Ideas
The China Gas Holdings (HKG:384) Share Price Is Up 168% And Shareholders Are Boasting About It
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]
Business News
As businesses hold back, U.S. consumers seen boosting big banks’ profits
Consumer lending is expected to propel profits for big U.S. banks when they unveil fourth-quarter results this week, though stress in corporate lending and uneven capital markets may cast a shadow over results.
Trading Ideas
RBI buys net $6.93 billion in currency market in November – bulletin
The Reserve Bank of India (RBI) bought a net $6.93 billion in the foreign exchange market in November, marginally below the $7.1 billion it had purchased in the previous month, the monthly bulletin showed. In the forwards market, the RBI said it had a net outstanding sell position of $6.1 billion as of end-November, down from $7.47 billion at the end of the previous month. The central bank did not buy or sell any currency in the futures market, the bulletin showed. …read more […]
Business News
Ford’s China vehicle sales drop 26% in third straight year of decline
Ford Motor Co’s China vehicle sales fell for a third consecutive year, by 26.1%, as it battles a prolonged overall sales decline in its second-biggest market that has hit demand for its mass-market Ford brand and sports utility vehicles.
Trading Ideas