Trading Ideas

(Bloomberg) — Creditors to a struggling Indian shadow financier, once controlled by former billionaires Shivinder Singh and Malvinder Singh, are finalizing a rare debt recast in the sector by writing off almost half of the company’s loans, people familiar with the matter said.Lenders to Religare Finvest Ltd., including State Bank of India, have agreed to take a 49% haircut on its 58 billion rupees ($808 million) debt, the people said, asking not to be identified as the information isn’t public. The restructuring may be implemented as early as the end of January, they said.Any debt restructuring at Religare Finvest, which …read more […]

Today we’ll evaluate BAE Systems plc (LON:BA.) to determine whether it could have potential as an investment idea… …read more […]

(Bloomberg) — Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.The Bank of Thailand’s message for investors who view the baht as a safe haven amid the tension between the U.S. and Iran is simple: they’re misguided.The Thai currency has surged more than 6% against the dollar in the past year, putting pressure on the country’s export-led economy and prompting steps by the central bank to pare the appreciation.Central bank Governor Veerathai Santiprabhob told reporters Tuesday headwinds for the currency include the Thai economic slowdown and the fact the baht has …read more […]

Q3 2019 Matinas BioPharma Holdings Inc Earnings Call …read more […]

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 […]

(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 […]

(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 […]

(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 […]

Oil prices edged lower on Tuesday, coming off their highest levels in months as the market calmed while the world braces for Iran’s response to the killing of its top military commander by the United States. Brent crude fell 44 cents to $68.47 a barrel by 0200 GMT while U.S. West Texas Intermediate (WTI) crude was at $62.86 a barrel, down 41 cents. Prices surged for the previous two sessions on fears of escalating conflict and supply disruption in the Middle East after the Jan. 3 drone strike in Baghdad that killed Iran’s Qassem Soleimani. …read more […]

Burger King is doubling down on its big bet on the plant-based meat craze with a new addition to its breakfast menu. …read more […]