Articles by admin

India’s gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, a government source said on Friday. Lower buying by the world’s second biggest consumer of the precious metal could weigh on global prices that jumped 18% in 2019, but help New Delhi bring down the trade deficit and support the rupee. India imported 831 tonnes of gold in 2019, down from 944 tonnes a year ago, the source said, who is not authorised to …read more […]

(Bloomberg) — The tone in global financial markets has turned cautious after a U.S. airstrike killed a top Iranian commander, fueling concern over an escalation in tensions.U.S. stock futures dropped and Asian shares reversed gains, while oil spiked along with the yen and gold. Qassem Soleimani, a feared Iranian general who through proxy militias extended his country’s power across the Middle East, was killed at the direction of U.S. President Donald Trump. The risk-off move deepened after Iran’s supreme leader, Ayatollah Ali Khameini, said “severe retaliation” awaited Soleimani’s killers.The shock news comes after most asset classes had a stellar 2019, …read more […]

It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that… …read more […]

The “Santa Claus rally” is set to come to Wall Street, but a pause may be on the horizon for the stock market in January. …read more […]

(Bloomberg) — U.S. stock-index futures fell after a U.S. airstrike near Baghdad international airport killed a top Iranian commander.S&P 500 Index futures contracts expiring in March retreated as much as 0.9% after the attack that killed Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force. Dow Jones Industrial Average contracts were down as much as 0.8%, while those on the Nasdaq 100 shed as much as 1%.Futures contracts on the Nikkei 225 Stock Average tumbled as much as 1.6% in Singapore as the yen strengthened against the dollar. In the cash market, the MSCI AC Asia Pacific …read more […]

Recent Mideast conflicts have moved markets and the economy …read more […]

(Bloomberg) — Tesla Inc. cut the starting price of its China-built Model 3 sedans by 9%, as it steps up efforts to lure customers in the world’s biggest electric-vehicle market after opening a factory on the outskirts of Shanghai. The price was lowered to 323,800 yuan ($46,500) from 355,800 yuan. After subsidies from the Chinese government, prices start from 299,050 yuan, Tesla’s website showed. The California-based company, which handed over the first of its Chinese-made cars to 15 employees on Dec. 30, will start delivering local models to the public on Jan. 7, it said on its official WeChat account. …read more […]

U.S. electric vehicle maker Tesla Inc cut the starting price for its China-made Model 3 sedans by 16% to 299,050 yuan ($42,919) after receiving Chinese subsidies for electric vehicles, according to its China website. The reduction, partly thanks to 24,750 yuan of subsidies, from an earlier 355,800 yuan is among a slew of adjustments Tesla has made to its sales policy in China, including tweaking prices for car accessories and home charging facilities. Tesla has said it plans to start delivering cars, made at its $2 billion factory in Shanghai, to the public on Jan. 7. …read more […]