Urban rebels 23 december

Representative Image| A hydropower plant being constructed along the Bhote Koshi River in Nepal. Image by Jonas Gratzer for Mongabay. The New Development Bank (NDB) has reached out to India Exim Bank with an offer to co-finance trade infrastructure across the world. While India remains a stakeholder in the multilateral NDB, any prospective partnership will mark the first time that it partners with China, considered to be a major global rival in all forms of multilateral finance, including export credit, and project exports in particular. "I invite India Exim Bank to identify some priority projects, in trade enabled infrastructure, which involves both the elements of physical infrastructure as well as of technology," NDB President Marcos Prado Troyjo said. Troyjo was virtually attending a summit on project exports organized by India Exim Bank on May 5. Formerly referred to as the BRICS Development Bank, the multilateral development bank was established by five nations … [Read more...] about New Development Bank seeks to co-finance trade infrastructure projects with India Exim Bank

Editor's note: Below you'll find the week 87 release of the NYC Recovery Index, originally published May 3, 2022. Visit the NYC Recovery index homepage for the latest data. New York City’s economic recovery index declined in the week ending April 23, 2022, falling just over a point to close at 74 out of 100, with all major components of the index recording a weekly decline. COVID-19 hospitalization rates continued to rise, along with an uptick in unemployment insurance claims. Home sales, rental vacancies, subway ridership, and restaurant reservations all declined compared to the week of April 16. On a positive note, home sales and UI claims remain fully recovered, with pending home sales still considerably above pre-pandemic levels. New York City’s economic recovery stands at a score of 74 out of 100, according to the New York City Recovery Index, a joint project between Investopedia and NY1 . Over two years into the pandemic, New York City’s economic recovery is just … [Read more...] about The New York City Recovery Index: May 2

U.S. stocks again started the day mixed after a report said that U.S. retail and food services fell more than expected last month. Investors are also digesting a slew of quarterly earnings reports from banks, as JPMorgan Chase & Co. ( JPM ) and Citigroup Inc. ( C ) recorded income declines, while Wells Fargo & Company ( WFC ) said that profit jumped. The Dow Jones Industrial Average (DJIA) and the S&P 500 are poised to finish the week lower, while the Nasdaq may end up higher for the week. All three major indexes finished lower yesterday. Key Takeaways Stocks are mixed again this morning, with the Nasdaq gaining and the Dow and S&P 500 falling. Retail and food sales sank 1.9% in December, marking the biggest drop in 10 months. JPMorgan and Citigroup reported falling quarterly profit, while Wells Fargo reported fourth quarter profit that beat analysts' forecasts. The University of Michigan will release its Consumer Sentiment Index for … [Read more...] about Stocks Mixed as Retail Sales Drop Most in 10 Months

NAPERVILLE, Ill., : Speculators have been easing massively bullish bets in Chicago-traded grain and oilseed futures in recent weeks, though they have been hesitant to add too many shorts due to unprecedented price levels and continuing uncertainties over global supplies. That sentiment may have been confirmed late last week with the U.S. government’s first supply and demand outlooks for the upcoming year, which showed stocks remaining relatively narrow through mid-2023, especially for wheat. CBOT corn and soybean futures have softened so far this month, falling a little more than 2% in the week ended May 10. In that period, money managers cut their net long position in CBOT soybean futures and options to 130,661 contracts from 153,253 a week earlier. That capped off their largest two-week soybean selling streak since June 2021 and their net long fell to the lowest levels since January, according to data from the U.S. Commodity Futures Trading Commission. Read full story That … [Read more...] about Funds stage sizable soy, soymeal selloff ahead of USDA data

As one of the larger companies of the consumer discretionary sector, The Coca-Cola Company ( KO ) shares have enjoyed a relative upward trend since the beginning of 2022 as investors appear to be bracing for potential interest rate hikes. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter. Analysts expect the company to announce $0.41 in earnings per share (EPS) and $8.93 billion in revenue. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days. Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if … [Read more...] about Can Coca-Cola (KO) Keep Up the Trend?

Shares of Peloton Interactive Inc. ( PTON ) are skyrocketing after the connected exercise company announced a major restructuring. The stock is up nearly 30% as of Tuesday afternoon. Currently trading around $38, the company is still down more than 70% in the last year. U.S. equity markets as a whole are decisively higher after wavering this morning, led by tech and small-cap stocks, with the Nasdaq up more than 1% and the Dow Jones not far behind. Shares of Harley-Davidson ( HOG ) are up nearly 15% this morning after the company posted better-than-expected revenue and earnings. Analysts expected a loss of 38 cents per share; instead, Harley-Davidson reported a gain of 14 cents per share, thanks in part to increased demand for one of its more expensive motorcycle models. Key Takeaways The Dow Jones, S&P 500 and Nasdaq are all higher after wavering earlier. Amgen and Peloton are both helping lead markets higher, as are small-cap stocks as measured by the Russell … [Read more...] about Stocks Rally as Amgen, Peloton, Travel Companies Push Markets Higher

File Image. Prime Minister Narendra Modi with Mauritius Prime Minister Pravind Kumar Jugnauth during a meeting, in New Delhi, Friday, December 6, 2019. (PIB/ PTI Photo) After being the largest source of foreign direct investment (FDI) for India since economic liberalisation in 1991, Mauritius is looking to attract investments from Indian businesses as it attempts to shed the image of being a tax haven. The Indian Ocean island nation also wants to reduce its reliance on China as a development partner and mend a tourism-dependent economy hurt by the global travel shutdown in the aftermath of the pandemic. Mauritius Prime Minister Pravind Jugnauth, in India on an eight-day trip, is scheduled to meet with business leaders in Lucknow and other cities. He has already met the Chief Ministers of Gujarat and Uttar Pradesh, seeking both bilateral partnerships as well as support to push Mauritius as an investment destination in these states, multiple sources in the know said. During … [Read more...] about ​Exclusive| Mauritius seeks Indian investments amid major bid to shed tax-haven image

Transparency, or the alleged lack of it, in the bidding for a concession to manage and operate the main water transmission pipeline system for the eastern region, including the government's flagship Eastern Economic Corridor (EEC), is set to be the highlight of the planned censure debate. The Bangkok Post takes a look at the 25-billion-baht water project that, according to the opposition, may decide the fate of the government. What is known about the main water transmission pipeline system for the east? The Treasury Department awarded a concession to Eastern Water Resources Development and Management Public Co, or East Water, to lease/manage the water transmission work. Currently, the system comprises three pipelines: Dok Krai, Nong Pla Lai-Nong Khor and Nong Khor-Laem Chabang. East Water was granted the concession to manage/operate the Dok Krai pipeline in 1994 which was at that time valued at 772.09 million baht. The concession will expire on Dec 31 next year. The Nong … [Read more...] about Pipeline centrestage for censure debate

U.S. equity markets are mixed following strong earnings from Amazon.com, Inc. ( AMZN ) that lifted the Nasdaq while a blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Key Takeaways Tech shares are rising, boosted by Amazon and Snap, as the Nasdaq aims for its first weekly gain this year. A blowout jobs report pushed bond yields higher by fueling fears of bigger interest rate hikes by the Federal Reserve. Crude oil's price surge continued, with the price crossing $93 per barrel. The Nasdaq , helped by Snap Inc. ( SNAP ) and Amazon, is set for its first weekly close higher this year. The S&P 500 is also higher, while the Dow Jones is little changed. The yield on the 10-year Treasury note is skyrocketing nine basis points (BPS) to 1.92% after the Labor Department reported that many more jobs were created in January than expected (more below). That's prompting speculation that … [Read more...] about Markets Mixed as Amazon, Snap Fuel Tech, Dow Drops on Rate Worries

Representative image Millions of salaried employees will not be required to wait till the end of 2022 to get their FY22 PF interest credited to their account as the employees’ provident fund organisation (EPFO) is expected to complete the process well in advance. This is largely due to two factors. First, the 8.1% interest rate for FY22 is the lowest in 43 years, and hence unlikely to face scrutiny from the finance ministry. Secondly, crediting interest rate of 8.1% earlier will benefit EPFO’s financial health as the outgo will be less during PF claim settlements, at least two government officials said requesting anonymity. EPFO under the labour ministry may disburse the interest rate ahead of Dusshera-Diwali festive season, one of the two officials cited above said. “I don’t think the finance ministry will have much of a problem in giving formal approval to 8.1% interest rate. Expect the credit of interest pay-out happening earlier this year,” said one of the officials. … [Read more...] about Exclusive | EPFO interest rate credit likely to happen earlier than previous years