Coffee Break World at a glimpse 11th May 2023
- “It is not the answer that enlightens, but the question.”
- “The brain is a wonderful organ; it starts working the moment you get up in the morning, and does not stop until you get into the office.”
- “It takes less time to do things right than to explain why you did it wrong.”
- “Be nice to nerds. You may end up working for them. We all could.”
Asian Markets Scroll down (data go to www.truedata.in)
- China and Ecuador signed a free trade agreement on May 11, China's commerce ministry said on Thursday.
- China and US debt woes may dominate G7 finance chiefs' talks
- Asian stocks rise as US inflation cools
- China audits littered with deficiencies, US accounting watchdog finds
- China's consumer prices rose at the slowest pace in more than two years in April, while factory gate deflation deepened, data showed on Thursday, suggesting more stimulus may be needed to boost a patchy post-COVID economic recovery.
- The Philippine economy expanded 6.4% in the first quarter from a year earlier, the statistics agency said on Thursday, topping expectations.
- BOJ debated progress in hitting price goal at Ueda's debut meeting
- Biden warns of recession unless Republicans back his debt ceiling plan
- British home-buyers, facing higher interest rates, retreat in April
- Britain’s house prices boom
- UK's Sunak may fall short on 2023 inflation goal, NIESR forecasts
- Bank of England poised to raise rates again to tackle stubborn inflation
- Analysis: Inflation may not be cooling fast enough to justify stock valuations
- Future ECB rate moves will be "more marginal", says Villeroy
- US annual inflation slows to below 5%, price pressures still strong
- U.S. government posts smaller $176 bln April surplus as revenues shrink
- ECB's Centeno says interest rates near peak, could ease in 2024
- US conducts raids at two properties of China's Jinko Solar
- Lucid losses put Saudi Arabia's EV strategy in the headlamps
- Lucid Motors (Nasdaq: LCID) begins trading today on the Nasdaq stock exchange in New York City
- Chinese baby product firms seek to age up, sell more abroad as population falls
- Taiwan's wind industry braves cross-strait risks in clean energy boom
- US bankruptcy judge blocks NBA team Phoenix Suns' new TV deal
- Bolivian leader opens to using yuan for trade, touting 'trend'
- Oil prices rise on strong fuel demand data
- Disney shares slip as streaming losses narrow but some subscribers leave
- Beyond Meat expects sharper growth in second half, posts smaller loss
- US debt ceiling impasse pushes government credit default swaps to record high
- Dollar sinks versus yen with US yields depressed after CPI
- Former U.S. President Trump holds a campaign rally in Davenport, Iowa
- Trump plays down consequences of a US default: 'Could be maybe nothing'
- Ukraine unit says Russian brigade flees outskirts of Bakhmut
- A Ukrainian military unit said on Wednesday it had routed a Russian infantry brigade from frontline territory near Bakhmut, claiming to confirm an account by the head of Russia's Wagner private army that the Russian forces had fled.
- Finland prime minister divorces husband
- Kremlin calls Polish decision to rename Kaliningrad 'hostile act'
- Ukraine says it routs Russian brigade, Kremlin acknowledges 'very difficult' campaign
- Embattled US Rep George Santos hit with fraud, money laundering charges
- Biden to host India's Modi with human rights in mind -White House
- Border crossings top 10,000 daily as migrants seek US entry before Title 42 ends
- Daniel Perry walks into the courtroom moments before he was convicted of the murder of Garrett Foster in Austin
- US Army sergeant sentenced to 25 years for Black Lives Matter protester's murder
- Ukraine war will increasingly pit quantity against quality -NATO official
- A military object found in a Polish forest in April was a Russian KH-55 missile, two Polish media outlets reported on Wednesday.
- ?Ukrainian service members from a 110th Separate Mechanised Brigade of the Armed Forces of Ukraine, prepare fire a self-propelled howitzer "Dana" near the town of Avdiivka
- Czech president: Ukraine could have our L-159 jets
- U.S. attorney general OKs transfer of forfeited funds from Russia oligarch for use in Ukraine
- EV maker Rivian takes bold bet with higher-priced vehicles amid heating competition
- Walt Disney Co Chief Executive Bob Iger on Wednesday accused Florida politicians of retaliating against the company and questioned the state's interest in the entertainment conglomerate's continued investment in Walt Disney World.
- Planes resume flights following an FAA system outage at Laguardia Airport in New York
- US airlines thrown a curveball as consumer habits change post-pandemic
- Kazuo Tadanobu, CEO of Panasonic's Energy Company holds a prototype of the 4680 format battery cell (L) next to the current 2170 battery supplied to Tesla Inc during a news conference in Tokyo
- Panasonic delays production of new Tesla battery to improve performance
- Google's AI is coming to more companies near you
- EU decision clearing $69 billion Microsoft, Activision deal expected May 15
- GM overhauls North American commercial vehicle sales operations
- Blackstone, Apollo were among about 20 bidders for SVB's assets
- Microsoft packs Bing search engine with AI
- Microsoft skips pay hikes this year amid sharp focus on AI
- South Korea to cull cattle after outbreak of foot and mouth disease
- South Korean authorities have ordered the culling of several hundred cattle and put in place biosecurity measures after confirming cases of foot and mouth disease in farms in a central province, the ministry of agriculture said.
- Indian rupee may nudge higher after data indicates Fed may pause rate hikes
- South Korea's top government research body has cut its economic growth forecast for this year to 1.5% from its earlier view of 1.8%, saying a deeper and longer export slump than previously expected is likely to offset resilient private consumption.
- South Korea to drop mandatory 7-day quarantine for COVID patients from June
- GM, VW face idled capacity risk in China without faster EV transition -Greenpeace
- China will be the elephant in the room at this week's meeting of Group of Seven (G7) finance leaders, who will seek to diversify supply chains away from the country -- but also try to get Beijing's cooperation in solving global debt problems.
- US Congress, White House begin debt limit, budget negotiations
- Alphabet Inc's Google on Wednesday demonstrated an updated core search product that embeds more AI in its answers as the company looks to banish doubts that it is losing ground to Microsoft Corp's OpenAI-powered Bing search.
- Thailand's ex-PM Thaksin shakes up election with talk of return
- Robinhood beats revenue estimates as rate hikes bolster interest income
- U.S. prosecutor query, quarterly loss hit already reeling shares of Icahn's company
- Pakistan calls in army to stop protest violence after ex-PM Khan's arrest
- China keeps up campaign to pressure critics abroad despite Western backlash
- Altria agrees to $235 mln settlement to resolve Juul-related cases
- Battles shake Sudan's capital, ceasefire talks reported to make progress
- Citizens digging small holes at the shore to get pure water at the banks of the White Nile in Khartoum
- Congolese civilians gather after the death of their family members following rains that destroyed buildings and forced aid workers to gather mud-clad corpses into piles in the village of Nyamukubi
- Ten killed in eastern Congo landslide after more heavy rains
- Human genome reboot better reflects global population
- BJP trails Congress in Karnataka state election - exit polls
- BJP is trailing the main opposition Congress party in elections held on Wednesday in the southern state of Karnataka, but neither seemed set for a clear win, TV exit polls showed.
- India's Go First airline gains bankruptcy protection, lessors' woes deepen
- Biden to host India's Modi with human rights in mind -White House
- Adani Enterprises to hold board meeting to approve proposal to raise funds
- India's JSW Infrastructure files for $342 mln IPO
- India builds more hospitals as population surges but doctors in short supply
- Protests against Pakistan's former PM Khan's arrest, in Peshawar
- Pakistan calls in army to stop protest violence after ex-PM Khan's arrest
- Indian shares set to open higher on cooling U.S. inflation, steady FII inflows
- India's P&G Hygiene and Health Care posts drop in Q3 sales on muted demand
- India's rural consumer goods consumption back to growth in Q1 -NielsenIQ
- Indian rupee may nudge higher after data indicates Fed may pause rate hikes
- India's Dr Reddy's Labs posts 11-fold jump in Q4 profit
- Indian drugmaker Dr Reddy's Laboratories Ltd reported nearly an eleven-fold surge in fourth-quarter profit on Wednesday, driven by higher sales from its mainstay generic drugs business in North America.
- Indian govt further expands scope of money laundering law
- Indian shares edge higher amid earnings rush; eye on key US data
- India's Go First seeks revival after court grants bankruptcy protection
- India eyes green hydrogen bunkering at major ports by 2035
- India has set a deadline of 2035 to establish green hydrogen bunkering and refuelling facilities at major ports in the drive to cut its carbon footprint, the shipping ministry said in guidelines issued on Wednesday.
- India, Canada aim to seal trade pact this year
- India's Larsen & Toubro beats Q4 profit view on higher project execution
- India's Godrej Consumer's Q4 profit jumps 25% on strong demand
- India's Godrej Consumer Products Ltd reported nearly a 25% jump in fourth-quarter profit on Wednesday, helped by strong demand for its home and personal care products.
- India's Escorts Kubota posts drop in Q4 profit on higher expenses
- Indian tractor maker Escorts Kubota Ltd reported a fall in its fourth-quarter profit on Wednesday, hurt by increased commodity prices, and unseasonal rains in March.
- Index????????????????????????Last???????????????????????????% Change
- ASX All Ordinaries??7,431.20???????????????????-0.28%
- Hang Seng??????????????19,745.71????????????????-0.08%
- Nikkei 225???????????????29,062.04????????????????-0.21%
- Shanghai SE ???????????3,318.24???????????????????-0.03%
- Future ???????????????????????Last???????????????????????????% Change
- Brent Crude Oil???????76.99????????????????????????+0.76%
- Gold??????????????????????????2,033.40???????????????????+0.14%
- Copper?????????????????????744.65??????????????????????????????????--
- CBOT Soybeans?????1,442.75???????????????????+0.44%
- Exchange?????Last???????????????% Change
- EUR/USD?????1.0979???????????-0.01%
- GBP/USD?????1.2621???????????-0.02%
- JPY/USD??????0.0075???????????+0.11%
- CNY/USD?????0.1442???????????-0.01%
- Name ???????????Yield?????????????Change
- US 10Y?????????3.435???????????? -0.007
- DE 10Y?????????2.295???
- UK 10Y?????????3.797????????????-0.004
- JP 10Y??????????0.412????????????--
