Coffee Break World View 15 May

Coffee Break World View 15 May

(World and India News – Tomorrows News Today)

QUOTES

  • "Most of what we call management consists of making it difficult for people to get their work done.
  • I always say "morning" instead of "good morning", because if it was a good morning, I'd still be asleep
  • “Bad decisions make good stories.”
  • “People say nothing is impossible, but I do nothing every day.”

WORLD MARKETS 15TH ?MAY ?Scroll down (data go to www.truedata.in )

WORLD NEWS

Utility price hikes in more than 10 Chinese cities may briefly lift nationwide inflation from ultra-low levels, but could ultimately turn into a deflationary force in the world's no. 2 economy as they further erode the households' spending power, analysts say.

China's central bank leaves key policy rate unchanged

Indonesia's exports rose 1.72% in April from a year earlier to $19.62 billion, less than expected,

Argentina cuts rates again as inflation crests near 300%

Strong services fan US producer inflation in April

Inflation hits consumer spending in Pennsylvania US

Hopes for 'soft landing' at stake as investors await US inflation data

Wall Street ends slightly lower, capping blockbuster year

US Fed's Powell expects inflation to fall, though not as confident as before

Corporate greed not to blame for price pressures, Fed study shows

S&P 500 has 'upside potential' -wealth advisor

Fed may not cut rates in 2024 - wealth advisor

Market Insight: Diversification away from China 'is good for everybody'

European utilities enjoy a Spring bounce

Exclusive: German economic advisers to cut 2024 growth forecast,

German final inflation confirmed at 2.4% in April

South Africa's unemployment rate climbs weeks before election

Australia budget doles out energy, rent relief in bid to tame inflation

Australia Q1 wage growth slows, soothes inflation worries

Mixed UK labor market signals leave BoE on rate cut alert

US small business sentiment rebounds in April

India April wholesale price index rises at fastest pace in a year

Rupee inches up on foreign banks' dollar sales, uptick in Asia FX

Toronto market dips for third day as oil prices fall

Oil prices up on wildfires in Canada, US inventories drawdown expectations

Weak Asia refining margins see swing to crude from the Americas

Sony shares leap 12% on buyback and dividend plans, higher profit outlook

Meme stock squeezes and new tariffs shake up US solar sector:

BHP insists Anglo American's South African assets must go in any takeover, sources say

Brazil pushes out Petrobras CEO, names ex-regulator to top job

El Salvador mined nearly 474 bitcoins, adding to state crypto holding, in last three years

Nomura Holdings, Japan's biggest brokerage and investment bank, said on Tuesday it aims to nearly double its pre-tax profit over seven years as it pushes deeper into wealth management.

British bank Virgin Money UK warned of a tepid second-half of the year on Tuesday, citing higher costs and lower profit margins due to growing investments, inflationary pressures and stiff competition for deposits.

Some of the world's largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet on an end to the sharp drops in real estate prices.

Venture capital firm Accel said on Tuesday it has raised a $650 million fund to invest in early-stage companies in Europe and Israel with a focus on artificial intelligence and cybersecurity.

JPMorgan Chase on Monday pushed back against recommendations made by proxy advisor Institutional Shareholder Services (ISS) on investor proposals on severance payouts and the separation of the CEO and board chair positions.

The chief executive of Amazon.com 's cloud unit Amazon Web Services, Adam Selipsky, is stepping down, the company said on Tuesday.

The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York

French President Emmanuel Macron believes Europe's banking sector needs greater consolidation, even if that means a major French bank being bought by a European rival,

UBS CEO Sergio Ermotti on Monday laid out some of the risks to the bank's ongoing integration of former rival Credit Suisse, while also discussing his own future, generative AI and whether the lender had become too big for Switzerland.

?Raymond James will partner with billionaire Todd Boehly's investment firm Eldridge Industries to expand into the $1.7 trillion private credit market, mirroring attempts by other banks.

U.S. President Biden delivers remarks at reception celebrating Asian American, Native Hawaiian, and Pacific Islander Heritage Month, at the White House

Biden's new China tariff wall faces leakage via Mexico, Vietnam

Huawei flagship store surge in China signals showdown with Apple

US says Boeing breached 2021 737 MAX criminal prosecution deal

Xiaomi becomes 8th largest EV upstart in China after successful SU7 launch

TikTok creators file suit to block US divestment or ban law

United Nations General Assembly meets at U.N. headquarters in New York

Exclusive: North Korea laundered $147.5 mln in stolen crypto in March, say UN experts

NYCB to sell nearly $5 bln of mortgage warehouse loans to JPMorgan

Google launches Trillium chip, improving AI data center performance fivefold

Nymphia Wind, a Taiwanese drag queen performs at a local temple ahead of the annual pride parade in Taipei

YouTube to block Hong Kong protest anthem videos after court order

Miniature poodle Sage fetches top prize at Westminster Kennel Club Dog Show

Israeli tanks push deeper into Rafah; battles rage in northern Gaza

Putin backs China's Ukraine peace plan, says Beijing understands the conflict

Ukraine pulls back in two areas of Kharkiv region, warns of buildup near Sumy region

New Caledonia riots rage on after Paris approves voting change

Indonesia searches for 35 still missing in deadly Sumatra floods

Blinken, in Kyiv, vows unwavering US support as Russian attacks intensify

Russia repels massive Ukraine air attack on Sevastopol, official says

Russian air forces repelled a "massive" air attack by Ukraine on Sevastopol, though debris from a missile fell onto a residential area,

Summer 2023 was the hottest in 2,000 years, study says

Eisai starts rolling submission for injectable version of Alzheimer's drug with US FDA

China considers government purchases of unsold homes, Bloomberg News reports

Canada's oil sands hub threatened by wildfire, sparking large evacuations

Taiwan says WHO should let it attend all its meetings

Brazil states ask court to double what Vale, BHP should pay for dam burst

The Russian president, in an interview, said he remained open to dialogue and talks to solve the more than two-year-old conflict.

Trump’s attacks on his trial judges trigger widespread calls for violence

Alphabet debuts beefed-up AI search and chatbot as competition heats up

Honda moves to cut China workforce with voluntary layoffs

China's BYD launches hybrid pickup in Mexico as US hikes EV tariffs

Indigenous group to take fight against Arizona copper mine to Supreme Court

Palestinians living in Israel mark the 76th anniversary of the Nakba, near Haifa

Palestinians in Israel demand refugee return on 'Nakba' anniversary

Israel and Egypt trade blame over Gaza aid blocked at Rafah

Pro-Palestinian protestors voluntarily pack up their encampment at Harvard in Cambridge

Jeff Bezos-backed Blue Origin will resume flights to space on Sunday, ending a near two-year pause of crewed operations following a 2022 mission failure.

Boeing's first Starliner mission carrying astronauts into space has been delayed again - until at least May 21 - over an issue with the spacecraft's propulsion system, the company said on Tuesday.

Pakistanis Own Properties Worth $12.5 Billion In Dubai: Report

With cash-strapped Pakistan running from pillar to post to get loan, its rich nationals own between 17,000 to 22,000 properties worth USD 12.5 billion in Dubai, according to a report.

INDIA NEWS

BlackRock bullish on India, seeks to grow government bond ETF share

Cipla lifts Indian shares at the open; Canara Bank rises on MSCI inclusion

Adani Stocks Surge - Adani Total, Adani Power, Adani Enterprises Up Over 5%

India April wholesale price index rises at fastest pace in a year

India’s weight in key MSCI equity index hits another high, to boost inflows

Foreign equity investors turn to hedging on India election jitters

Rupee inches up on foreign banks' dollar sales, uptick in Asia FX

Colgate-Palmolive's India unit posts Q4 profit rise on price hikes, healthy demand

Rupee may see relief on dip in US yields ahead of inflation print

India's Patanjali Foods Q4 profit falls on higher expenses, lower edible oils sales

India's Bharti Airtel posts Q4 revenue miss on currency devaluation in Africa

Metals, auto power rise in Indian shares; volatility eases after recent spike

Indian non-bank lenders' profitability to moderate in next 12-18 months, Moody's Ratings says

India's Dalmia Bharat Sugar and Industries reported a near 25% fall in fourth-quarter profit on Tuesday, hurt by a drop in sales in its mainstay refined sugar segment.

India's PVR Inox posts wider-than-expected Q4 loss on weak demand

Haldiram attracts bids from foreign investors Blackstone and Abu Dhabi Investment Authority, Bid USD 8.5 Billion for 76% stake

KFC India operator Devyani Q4 adjusted profit slips on stubby demand, high costs

India's Apollo Tyres Ltd reported a lower profit for the fourth quarter on Tuesday, hurt by increased tax expenses.

Food Inflation Likely to Remain a Cause for Concern Due to Heat Wave: Rating Agency ICRA

Food and Standards Authority of India (FSSAI) to come up with a new method to detect Ethylene Oxide in spices, top official sources have said.

The Supreme Court has ordered the immediate release of NewsClick Editor Prabir Purkayastha, observing that his arrest by the Delhi Police was void in the anti-terror case.

Col Waibhav Anil Kale (Retd), an Indian national who was working with the (UN) as a security service coordinator, was killed after the vehicle he was travelling in came under attack in Gaza's Rafah region.

6 Dead as Bus Catches Fire After Collision with Another Vehicle In Andhra

Clarifying his "infiltrators" and "those with more children" remarks, PM Modi said that he did not only talk about Muslims but spoke about every poor family.

Bhopal School Owner Arrested for Raping Girl, 8, In Hostel

The Delhi High Court on Tuesday held guilty a father of repeatedly raping his minor daughter for two years, reversing a trial court decision that acquitted him of all charges on the basis of delay in reporting the matter.

Fourteen people including senior vigilance officers were trapped after a lift collapsed at the Kolihan mine in Rajasthan's Jhunjhunu district late last night.

A day after the US warned of "potential risk of sanctions" after India inked a 10-year agreement for running the Chabahar Port in Iran, S Jaishankar emphasised that the project will benefit the entire region and people should not take a "narrow view"

Salman Khan House Firing Incident: Case Filed Against Gangster Rohit Godara

4 Killed, Several Injured as Bus Rams Into Tractor In Andhra Pradesh

Terror Module Operated By Man Linked To Hardeep Nijjar murder Busted, in Punjab 4 Arrested

The Chandigarh district election officer has issued notices to Congress party's Chandigarh candidate Manish Tewari and party's state unit chief HS Lucky for the alleged violation of the Election Commission of India's instructions.

The Supreme Court on Tuesday ruled that the complaint alleging "deficiency in service" against advocates would not be maintainable under the Consumer Protection Act (CP Act) as it noted that the legal profession is unique in nature.

Woman Strangles 8-Year-Old Son to Death In Gurugram, Arrested

Sushil Modi Cremated in Patna with Full State Honours

Video: Shots Fired, Stones Thrown After Scooter Grazes Car in Lucknow

Visuals of PM accepting upside-down artwork depicting Nobel Laureate Rabindranath Tagore are being widely shared on social media.

K Kavitha's Judicial Custody Extended till May 20 In Delhi Excise Policy Case

Solar Storm That Recently Hit Earth Was Most Intense Since 2003: ISRO

DHFL's Dheeraj Wadhawan Arrested By CBI In Rs 34,000-Crore Bank Fraud Case

A popular actor, a cricketer, vegetable vendors and some common men by crowdfunding; from Rajasthan, provided a 22-month-old boy with a lifesaving jab of 17.5 crores

Prime Minister Narendra Modi, filing his nomination from Varanasi

At Rally, Tejashwi Yadav Claims Getting "Full Support from Uncle Nitish Kumar"

Man Arrested 17 Years After He Killed Woman, Kept Body Locked in Trunk

"Lucky Charm": Kangana Ranaut On Filing Nomination On Same Day as PM Modi

Delhi's Temperature Recorded at 40.6 Degrees Celsius: Weather Office

"J&K Faces Existential Threat": Omar Abdullah On Article 370 Scrapping

PM Modi Declares Assets Worth Rs 3.02 Crore, Owns No House or Car

Khalistan Terrorist Pannun Case Will Not Affect Ties With India: US Envoy

An Indian astronaut is expected to reach the International Space Station (ISS) this year, US Ambassador to India Eric Garcetti

India's Cybercrime Watchdog Blocks Over 1,000 Skype Accounts

Man Dies of Suffocation After Fire at Income Tax Office in Delhi

Rape Accused, Aspiring MLA Bhavesh Bhinde, blamed for the billboard illegally erected by his company that fell during the storm in Mumbai's Ghatkopar on Monday, killing 14 people and injuring at least 74 others, a case has been filed against him for culpable homicide not amounting to murder.

Avoid Tea, Coffee Before and After Meals, Advises Top Medical Body ICMR

Dog Mauls 5-Month-Old Baby To Death In Telangana Home

Indian-American academic, entrepreneur and author Vivek Wadhwa on Monday said that he had warned the Tesla and SpaceX CEO Elon Musk not to pick China as they would "rob him blind" and instead asked him to consider moving manufacturing to India.

Srinagar Sees Record Voter Turnout, Centre Credits Officers' Hard Work

AAP Will Be Made Accused in Liquor Policy Case, ED Tells Court

The Supreme Court today refused to entertain a plea seeking to bar Prime Minister Narendra Modi from elections for allegedly making "hate speeches" and violating the Model Code of Conduct during campaigning.

Yoga guru Ramdev has a "lot of influence" and must use it "in the right way", the Supreme Court said today while hearing the misleading ads case against Patanjali Ayurved and its founders Ramdev and Balakrishna.

Indian Council of Medical Research and National Institute of Nutrition, last week, released 17 dietary guidelines to prevent nutrient deficiencies, as well as address the rising risk of obesity, diabetes, and cardiovascular diseases in India.

Shocking Video Shows Dog Walker Violently Hitting Pet In Gurugram Society Lift

Jackie Shroff Goes to Court Over His Trade Mark Rights On The Word "Bhidu"

Man Dies in Oman. Wife Claims Couldn't Visit as AI Express Cancelled Flights

The Supreme Court today granted bail to activist Gautam Navlakha in the Elgar Parishad-Maoist links case.

Video of Couple Cozying Up On Public Bus In Odisha Shocks Internet

4 New Hospitals in Delhi Receive Bomb Threat Emails

WORLD MARKETS 15th MAY

STOCKS

Index?????????????? ??????????? Last???????????????? ??????????? ?? % Change

S&P 500?????????? ??????????? 5,246.68????????? ??????????? +0.48%Positive

Euro STOXX 50??????????? 5,080.29????????? ??????????????????????? --

FTSE 100????????? ??????????? 8,428.13????????? ??????????????????????? --

Nikkei 225?????? ??????????? 38,385.73??????? ??????????? +0.08%Positive

COMMODITIES

Future???????????????????????? Last???????????????? % Change

Gold???? ??????????????????????? 2,358.00????????? +0.20%Positive

Copper??????????? ??????????? 893.20 ??????????? +1.02%Positive

Brent Crude Oil?????????? 82.91?? ??????????? +0.64%Positive

CBOT Soybeans?????????? 1,205.50????????? +0.06%Positive

CURRENCIES

Exchange??????? Last???????????????? ??? % Change

EUR/USD???????? 1.0825 ??????????? +0.06%Positive

GBP/USD???????? 1.2596 ??????????? +0.06%Positive

JPY/USD?????????? 0.0064 ??????????? +0.03%Positive

CNY/USD???????? 0.1384 ??????????? +0.10%Positive

YIELDS

Name????????????? Yield??? ??????????? Change

US 10Y ??????????? 4.441?? ??????????? -0.004

DE 10Y ??????????? 2.519?? ??????????? -0.021

UK 10Y ??????????? 4.16???? ??????????? -0.015

JP 10Y? ??????????? 0.955?? ??????????? -0.006

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