US President Donald Trump on Friday congratulated UK Prime Minister Boris Johnson on his election victory, saying their two countries were now free to strike a "massive" new trade deal. "Congratulations to Boris Johnson on his great WIN!", Trump tweeted."Britain and the United States will now be free to strike a massive new Trade Deal after BREXIT. This deal has the potential to be far bigger and more lucrative than any deal that could be made with the E.U.LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE. … [Read more...] about Donald Trump congratulates UK’s Boris Johnson on ‘great’ election win
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In The News podcast | Massive protests against CAB in Northeast; Rohingya massacre case at ICJ; UK elections 2019 and more
In the December 12 episode of In The News podcast, host Anvita Bansal gets in conversation with Atharva Pandit, Siddhesh Raut and Shraddha Sharma from the Moneycontrol News Desk to find out the top news stories of the day.Pandit talks about the massive protests in Tripura and Assam after the Citizenship (Amendment) Bill, 2019 was passed in Rajya Sabha on Wednesday. Citizens in both states continue to protest despite heavy security cover being deployed.Close Next, Raut explains why citizens in the UK have had to vote for the third general election in less than five years. He discusses all details about how Prime Minister Boris Johnson plans to ensure that Britain exits the European Union. related news The dream is dead: Johnson election triumph breaks UK "remainer" hearts Corporate Buzz podcast | Tax cuts the only silver lining in an overall dark year for India Inc On the Ball podcast | EPL gameweek 17 preview: City look to bounce back against Arsenal after derby loss; … [Read more...] about In The News podcast | Massive protests against CAB in Northeast; Rohingya massacre case at ICJ; UK elections 2019 and more
Bulls push Sensex above 41K, but dump small-caps; 48 stocks fell 10-20% in a week
The Bulls charge on D-Street pushed the Sensex above 41,000 while the Nifty reclaimed 12,050-12,080 levels for the week ended December 13. Investors however dumped small-cap stocks in the same period.The Nifty rallied 1.38 percent while the Sensex recorded a rally of 1.39 percent for the week ended December 13, compared to 1.1 percent gain seen in the S&P BSE Mid-cap index and 0.05 percent fall witnessed in the S&P BSE Small-cap index in the same period.There are as many as 48 stocks in the S&P BSE Smallcap index which fell 10-20 percent in a week when benchmark indices reclaimed important resistance levels.Close Stocks that witnessed double-digit losses include names like Alok Industries, Kwality, Coffee Day Enterprises, Cox & Kings, Reliance Naval, HDIL, and Adhunik Industries among others. related news Technical View: Nifty forms bullish candle, new highs in sight Taking Stock: Market rises for 3rd day in a row on positive global cues Sensex, … [Read more...] about Bulls push Sensex above 41K, but dump small-caps; 48 stocks fell 10-20% in a week
US Supreme Court to hear Donald Trump’s tax return case next year
The US Supreme Court agreed on December 13 to hear cases next year over the release of Donald Trump's tax returns and financial records, setting the stage for a ruling during the presidential election campaign. Trump has been seeking to block access to his tax returns and other financial records in lawsuits involving New York prosecutors and the US House of Representatives.Lower courts have ruled that Trump must turn over the records but lawyers for the president appealed to the nation's highest court, arguing that as president, he has blanket immunity.The Supreme Court -- where conservative judges are in the majority -- said it will hear arguments during the March session with a ruling to be issued before the session ends on June 30.Close Trump, a New York real estate tycoon, is the first American president since Richard Nixon not to make his tax returns public, claiming they are under audit by the Internal Revenue Service (IRS). related news US concerned about … [Read more...] about US Supreme Court to hear Donald Trump’s tax return case next year
Moneycontrol Pro Weekender: Global cheer trumps local fears
The events of the week gone by have set the stage for a global Santa rally.For starters, the United States Federal Reserve signalled that rates will remain lower for longer. The projections show the Fed expects US inflation to remain at 2 percent even in 2022. Where is the need to raise rates then?Analysts say that removes a source of uncertainty for the markets, although, with a stellar track record of central banks abjectly caving into market demands, it is hard to see how much extra comfort it provides.Close Perhaps more importantly, the Fed stands ready to pump in half a trillion dollars into the US repo markets, to avoid any kind of seizure there. It is also worth noting that, for the first time since 2017, the Fed’s balance sheet has expanded year-on-year. related news Moneycontrol Pro Picks of the Week Moneycontrol Pro pick of the week Moneycontrol Pro’s picks of the week Almost half of the earlier shrinkage in its balance sheet … [Read more...] about Moneycontrol Pro Weekender: Global cheer trumps local fears
