The full effect of the trade wars is now being seen in China’s economic data. Its exports for December 2018 fell by 4.4 percent from a year ago. Exporters had resorted to speeding up exports in the pipeline in order to beat Trump’s proposed tariffs. That ‘front-loading’ seems to be have been over by November, resulting in the dismal December exports numbers. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US
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The details are in the accompanying chart, which shows if both the US and Chinese growth fall by a percentage point, global growth will slow by 0.8 percentage points this year and 0.7 percentage points in 2020. If only the US or China slow down, the impact is much less. … [Read more...] about 100-Word Take | When elephants fight, how badly does the grass get trampled?
The company has multiple moats including its browser Chrome which was recently revamped to increase cross-selling and boost Alphabet’s ad revenue. Moreover, Google Cloud’s performance has noticeably improved. The unit’s revenue jumped 53 percent YoY in 2019 and in Q4, its revenue reached an annual run rate of $10 billion. Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about As coronavirus halts US stocks’ rally, can FAANG offer safe place to investors?
What’s causing the slowdown? David Hensley, Director of Global Economic Co-ordination at JP Morgan, said the slowdown, “mainly reflected the ongoing weakness in new order intakes, especially a second fall in international trade of goods and services during the past four months. The trend in new export business will need to show meaningful signs of revival early in 2019 if global economic growth is to make meaningful strides forward in the coming months.” … [Read more...] about Opinion | Central banks’ ride to rescue the markets once again
That assessment would echo the formal report the Fed submitted to the U.S. Congress on Friday, which repeated the central bank's view that its current target range for short-term borrowing costs, between 1.5% and 1.75%, is "appropriate" to keep the expansion on track. … [Read more...] about Fed Chair Jerome Powell likely to give Congress largely positive economic update