"There's been so much speculation about the contents of the deal... we know the broad outlines but it's not even clear whether the full terms of the deal will be made public," said Andrew Watkins, senior analyst at the International Crisis Group consultancy. … [Read more...] about Afghanistan’s future in the balance as US, Taliban sign deal
Amazon also had a good quarter. After failing to meet analysts' earnings expectation for two quarters, the company posted a robust 21 percent YoY increase in net sales beating Wall Street estimates. Moreover, its global Prime membership jumped from 100 million to 150 million in just 19 months making it an overwhelming success. … [Read more...] about As coronavirus halts US stocks’ rally, can FAANG offer safe place to investors?
The world's largest online retailer has faced scrutiny over the health-related offers on its platform, and earlier this week Italy launched a probe into surging prices around the internet for sanitizing gels and hygiene masks while it battled the biggest outbreak in Europe. … [Read more...] about Amazon bars 1 million products for false coronavirus claims
On January 4, at a roundtable with former Fed bosses Janet Yellen and Ben Bernanke, Powell said he’s listening closely to the market’s fears of a slowdown, that he’ll change policy if there’s a slowdown and the changes in policy could include the timeline of shrinking the balance sheet. The markets whooped with joy. An upbeat TV analyst hit the nail on the head when he dubbed the rally as ‘Goldilocks with a capital J’ -- a reference to Jay Powell. That’s because Powell signalled that the Fed ‘put’, the policy of backstopping the markets initiated by former Fed Chairman Alan Greenspan, is alive and well. … [Read more...] about Opinion | Central banks’ ride to rescue the markets once again
The chart shows that China’s re-balancing away from investment and export-driven growth is well underway. In 2018, the main driver of growth was consumption, which contributed 4.6 percentage points to the estimated 6.5 percent GDP growth. But December’s contraction in imports suggests that all is not well with consumption demand in China. That has already been shown by car sales, which contracted in 2018 for the first time since the nineties. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US