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Trading Ideas

India urges global planemakers to ‘Make in India’

India wants to encourage aircraft makers to manufacture in the country, starting with components and moving eventually to complete aircraft, Aviation Minister Suresh Prabhu said on Sunday. In a series of messages on Twitter, Prabhu appealed to Airbus (AIR.PA) and Boeing Co (BA.N) to participate in the push as part of the government’s flagship “Make In India” campaign, highlighting the growth potential of the booming market, which has been adding passengers and cutting fares. India’s booming aviation market and economy needs more than 1,000 passenger planes and “many more” cargo planes, Prabhu, who last week visited an Airbus …read more […]

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China warns US trade deals off if tariffs go ahead

China warned Sunday after another round of talks on a sprawling trade dispute with Washington that any deals they produce “will not take effect” if President Donald Trump’s threatened tariff hike on Chinese goods goes ahead. The warning came after delegations led by U.S. Commerce Secretary Wilbur Ross and China’s top economic official, Vice Premier Liu He, wrapped up a meeting on Beijing’s pledge to narrow its trade surplus. Ross said at the start of the event they had discussed specific American exports China might purchase, but the talks ended with no joint statement and neither side released …read more […]

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Talks end with China warning trade benefits at risk if U.S. imposes tariffs

China warned the United States on Sunday that any agreements reached on trade and business between the two countries will be void if Washington implements tariffs and other trade measures, as the two ended their latest round of talks in Beijing. A short statement, carried by the official Xinhua news agency, made no mention of any specific new agreements after U.S. Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He. It referred instead to a consensus they reached last month in Washington, when China agreed to increase significantly its purchases of U.S. goods and services. …read more […]

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These Retirement Rules of Thumb Can’t Be Trusted Anymore

Transcript:
Here’s a slap for the financial planning industry that insists on using rules of thumb, specifically the 4% and 60-40 rules.

One of the things that really frosts me about this business is these “set and forget” tools. The idea that one number will serve you throughout your entire retirement is absurd.

Take the 4% rule first, which states you should withdraw 4% of your nest egg each year in retirement.

It puts such a crimp on our money lives in retirement when we could be enjoying other things. It’s just too restrictive. Plus, it’s based on numbers from the four worst years …read more […]

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American Airlines warns of fare increases if oil remains high

American Airlines warned airline passengers may eventually face higher ticket prices if oil prices remain high, prompting carriers to remove seats from the market. Oil prices have risen around 50 percent compared to the levels seen last year and that is putting pressure on airline profits. “If it becomes clear this is the new normal you would see over time less capacity and growth in the industry and therefore higher prices, but I don’t think that’s going to happen in the near term,” CEO Doug Parker told reporters on the sidelines of the annual IATA meeting of …read more […]

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Warriors not expecting LeBron James and Co. to lose edge

All the chatter is that underdog Cleveland could be completely deflated from the way it flopped in Game 1 of the NBA Finals. Determined and as motivated as ever might be more appropriate and fitting whenever LeBron James is in the mix. “It’s one of the toughest losses I’ve had in my career,” James acknowledged Saturday, “because of everything that kind of went on with the game and the way we played. …read more […]

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Business News

Exclusive: After deadly Indian smelter protests, arrests stoke tension

THOOTHUKUDI, India (Reuters) – Eleven days after police in southern India fired on protesters seeking the shutdown of a copper smelter owned by London-listed Vedanta, killing 13, residents say people suspected of involvement in the demonstrations are being targeted in a wave of arrests.

…read more […]