World shares took another run at record highs on Thursday, as the right messages from the U.S. Federal Reserve set traders up for a packed day of central bank meetings and a Brexit-defining election in Britain.The Fed kept U.S. interest rates unchanged, as expected, but it was a message that it would take an unexpected and "persistent" rise in inflation to lift them again that cheered the bulls and pushed the dollar to its lowest since August.Asian shares rallied almost 1% overnight, despite reports Washington will press on with new China tariffs. European trading left MSCI's broadest world share index just 0.1% shy of its 2018 record high.Close "This is quite a strong signal that current interest rates will remain at these low levels for the time being," Mirabaud's chief economist, Gero Jung, said of the Fed, the European Central Bank and Switzerland's SNB which had also kept rates steady. related news Demand looking up for autos; these stocks likely to gain the most Rising … [Read more...] about Global Markets: Stocks near record highs, pound wavers before election result
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US stock indexes jumped to new highs on December 12, and Treasury yields rose, after President Donald Trump tweeted that a trade deal with China was "very close" and on a report that US trade negotiators had offered to cancel a fresh round of tariffs on Chinese goods.The S&P 500, Dow Jones Industrials and the Nasdaq opened lower then reversed after Trump's statement, which comes just before tariffs are due to go into effect on December 15. The indexes had slipped from record levels two weeks ago.The Wall Street Journal reported US negotiators have offered to slash existing tariffs by as much as half on roughly $360 billion of Chinese-made goods, supporting the bounce.Close MARKETS: related news Global Markets: Stocks near record highs, pound wavers before election result Here's how a stalemate at WTO affects global trade Demand looking up for autos; these stocks likely to gain the most ** The S&P 500 briefly rose more than one percent to hit a record intraday high of … [Read more...] about Wall Street hits records on hopes tariffs will be dropped
Saudi Arabia’s Crown Prince Mohammed bin Salman is on a two-day visit to India and was welcomed by President Ram Nath Kovind and Prime Minister Narendra Modi, with an embrace of course.The reason for his visit is the strengthening of bilateral ties in various sectors, including energy and defence. If it’s a run-of-the-mill visit by a foreign dignitary, then what makes it controversial, you ask? Well, like in a David Fincher film, the timing.Crown Prince Mohammed bin Salman’s (popularly known as MBS) visit to India comes within five days of the terror attack on a CRPF convoy in Pulwama, which killed 40 jawans and infuriated the entire nation. After the attack, PM Modi had vowed to hunt down the perpetrators and avenge each drop of the martyrs' blood.Close The responsibility of the attack was claimed by Jaish-e-Mohammed (JeM), a banned terrorist organization which reportedly operates from Pakistani soil. JeM chief Masood Azhar, one of the most notorious terrorists in … [Read more...] about Should India really embrace Saudi Arabia Crown Prince Mohammed bin Salman’s visit?
Google has revealed the most searched smartphones of 2019 in India. Like every year, the search-engine giant releases its ‘Year in Search’ list, revealing the most-searched trends. Continuing the trend, Google has listed out the most searched smartphones of 2019.Most searched budget smartphones of 2019Xiaomi’s Redmi Note 7 Pro topped the list of most searched smartphones of 2019, reported Digit. Launched on February 28, the Redmi Note 7 Pro has been a popular smartphone with its highlight feature of a 48MP dual-camera setup. Other Redmi Note 7 Pro specifications include a 6.3-inch Full HD+ display with a water-drop notch, a Qualcomm Snapdragon 671 AIE SoC, up to 6GB + 128GB storage, and a 4,000 mAh battery.Close Samsung Galaxy M20 was the second most searched smartphone of 2019. The smartphone was priced at Rs 9,990 upon launch. Samsung Galaxy M20 specifications include a 6.3-inch Full HD+ display and an Exynos 7904 octa-core processor. On the back, the smartphone has … [Read more...] about Redmi Note 7 Pro, Vivo S1, Apple iPhone 11 were the most searched smartphones in India during 2019
Below is the complete speech delivered by Finance Minister Piyush Goyal on February 1, 2019."Madam Speaker,I rise to present the Interim Budget for the year 2019-20. I am deeply conscious of the absence of Shri Arun Jaitley today. I am sure the House joins me in wishing Shri Jaitley speedy recovery, good health and a long life in the service of the nation.Close Madam Speaker, the people of India gave a strong mandate to our Government. Under the visionary leadership of Hon'ble Prime Minister Shri Narendra Modi, we have given the most decisive, stable and clean Government and have undertaken transformational structural reforms. We have reversed the policy paralysis engulfing the nation and have restored the image of the country. The major achievement of this Government was that we strived our utmost to change the mind-set and ignited the self-confidence of the nation. related news Need feel-good factor to revive consumption: Exide Life CIO Shyamsunder Bhat … [Read more...] about Full text of Finance Minister Piyush Goyal’s 2019 Budget speech