Coffee Break World View 25 May

Coffee Break World at a glimpse 25th May 2023

QUOTES

• The closest to perfection a person ever comes is when he fills out a job application form.
• Son, if you really want something in this life, you have to work for it. Now quiet! They’re about to announce the lottery numbers.
• Find a job you like and you add five days to every week.
• Beat the 5 o’clock rush, leave work at noon.

Asian Markets 25th May Scroll down (data go to www.truedata.in)

WORLD MARKETS

• Stocks set for range trading as central banks near end game
• Stalled US debt talks, inflation woes hit stocks
• Canadian pension fund CPP Investments delivers fiscal 2023 net return of 1.3%
• Morning Bid: Fears of 6% and US debt jam
• Nvidia's results spark nearly $300 billion rally in AI stocks
• Stocks related to artificial intelligence surged in extended trade on Wednesday, adding almost $300 billion in market capitalization after chipmaker Nvidia Corp forecast strong revenue growth and said it was boosting production of its AI chips to meet surging demand.
• US action on short-sellers likely in 'next few
• Fed agreed need for more rate hikes after May meeting was 'less certain'
• Fed's Waller: inverted yield curve may signal belief in falling inflation
• High inflation helps to swell UK budget deficit in April
• Fashion giant Shein plans Mexico factory - sources
• Meta starts final round of layoffs
• South Africans face further rates hike pain
• Russia's monthly producer price index up for third month in April
• Bank of England's Bailey sweats over risk of 'sticky' summer for inflation
• Why Italy is struggling to spend its EU post-COVID recovery funds
• Sri Lanka expects FDI to jump to $1.3 bln with India taking lead
• Nigeria GDP growth slows ahead of interest rate announcement
• Citi predicts two more BoE rate hikes after inflation data surprise
• ?German economy on pace for modest Q2 growth: Bundesbank
• France to tighten government spending further with eye on deficit
• Verizon warns customer service employees of impending layoffs-
• Fitch puts US credit rating on negative watch as debt ceiling deadline looms
• Japan firms feel 'sense of crisis' over falling birth-rate:
• Investors in Turkey 'right to be fearful'
• Chinese hackers spying on US critical infrastructure, Western intelligence says
• Facebook owner Meta slashes business teams in final round of layoffs
• Singapore's Q1 GDP contraction raises recession risk; China revival key
• Wall Street's main indexes ended lower on Wednesday as talks between the White House and Republican representatives on raising the U.S. debt ceiling dragged on without a deal
• U.S. will 'narrowly avoid' a recession -money manager
• REITs face 'challenging' times to get new credit
• Default risk clouds Korea, Indonesia rate decisions
• Oil prices fall on US debt uncertainty
• headquarters of Bank of Japan in Tokyo
• BOJ may abandon bond yield cap this year - govt panellist
• HSBC puts global footprint under fresh scrutiny, considers dozen exits
• US prosecutors probe trading by First Republic's former
• Yellen maintains early June as U.S. debt ceiling deadline
• Argentina in talks to expand China currency swap line,
• Bank of Korea holds fire again on rates, trims growth forecast
• Target removing some LGBTQ merchandise following customer backlash
• Ron DeSantis joins White House race, tripped up by chaotic Twitter launch
• US doctors paid $26.8 billion over the past decade to settle federal allegations including fraud, bribery and patient harm.
• Canada and Saudi Arabia normalize diplomatic relations after 2018 split
• 'Queen of rock 'n' roll' Tina Turner dies at 83
• US colleges game out a possible end to race-conscious student admissions
• Russian hypersonic scientist accused of betraying secrets to China
• Biden renews call for assault weapons ban a year after Uvalde massacre
• Biden picks Air Force chief to become top US general
• Mexican president ramps up rhetoric, economic intervention as election nears
• Latam 'property tech' startup La Haus to build up digital infrastructure
• Priests celebrate a Catholic mass at the empty church of San Francisco as the spread of coronavirus disease (COVID-19) continues, in La Paz
• Bolivia's Catholic Church says it was 'deaf' to sexual abuse victims
• Leader of cross-border raid warns Russia to expect more incursions
• Ukraine's Zelenskiy to Iran: Why support Russia and terror?
• US concerned over UN official's meeting with Russian wanted by the ICC
• French President Macron meets representatives of employers' organisations in Paris
• Presidential candidate of Turkey's opposition alliance Kilicdaroglu visits quake-hit Hatay province
• Erdogan party split on economic plan as Turkey runoff looms, sources say
• US State Department's top China policy official to step down
• Aboriginal groups march against planned changes in heritage protection laws, in Perth
• Western Australia to compensate Aboriginal group for historic mining damage
• South Korea producer inflation slows to 27-month low in April
• Italy's Nanni Moretti directs, stars in Cannes entry 'A Brighter Tomorrow'
• The 76th Cannes Film Festival - Screening of the film "La passion de Dodin Bouffant" in competition - Red Carpet Arrivals
• French cuisine competes on big screen at Cannes in 'The Pot-au-Feu'
• Halle Bailey soaks up good vibes for Ariel role in 'Little Mermaid'
• The 76th Cannes Film Festival - Screening of the film "Asteroid City" in competition - Red Carpet Arrivals
• Stars come out for Cannes premiere of Wes Anderson's 'Asteroid City'
• South Korea's central bank held interest rates steady for a third meeting on Thursday, as expected, after a 1-1/2-year-long tightening cycle while slightly downgrading this year's economic growth projection.
• Australia says it cannot cancel existing PwC contracts given legal constraints
• Warhead of a Kh-47 Kinzhal Russian hypersonic missile, shot down by Ukrainian Air Defence is seen at a compound of Scientific Research Institute in Kyiv
• The aircraft carrier USS Gerald R. Ford in Oslo
• Singapore PM orders probe into ministers' homes amid public anger
• US lawmaker demands action against Chinese chip firm CXMT after Micron
• Chinese hackers attacked Kenyan government as debt strains grew
• Chief of Staff of the U.S. Air Force General Brown Jr. addresses a news conference in Payerne
• US debt ceiling focus on 'discretionary spending' means cuts ahead
• Rainbow Swatch watches confiscated in Malaysia-company
• Cathay needs to boost staff morale, union says, after "blanket-carpet" furore
• Sony says to buy land in Kumamoto, Japan for image sensor production
• ?Asia-focused HSBC puts 12 countries on exit watchlist
• WeWork CFO resignation marks second major exit in a week

INDIA NEWS

• Opposition parties to boycott new parliament inauguration by India's Modi
• Indian labs to give 'top priority' to tests on cough syrup exports - regulator
• 2023 Spring Meetings of the World Bank Group and the International Monetary Fund
• India's RBI chief says inflation moderated, flags El Nino worries
• Indian shares set to open lower as US debt talks trigger caution
• Uber steps up EV push in India with Uber Green
• Mumbai eliminate Lucknow to keep IPL final hopes alive
• India's Adani Group weighs $3 bln investment in Vietnam
• India's LIC posts over five-fold jump in Q4 profit on fund transfer gains
• Rupee to fall as dollar, US yields rise on debt ceiling concerns
• India could consider broken rice shipments through diplomatic deals
• Financials, metals weigh on Indian shares amid US debt-ceiling deadlock
• India's Biocon Biologics says biosimilars put revenue on $1 bln trajectory
• India's Nykaa posts near-50% rise in Q4 pre-tax profit on higher margins
• Indian stocks to gain only modestly in 2023 despite RBI rate hike pause
• Oil India beats fourth-quarter profit estimates on higher gas prices
• Heatwave in China
• Asia water, energy supplies at risk as climate woes mount - research
• India's market regulator tightens reporting requirements for offshore funds -document
• Amid Opposition's Boycott Call For New Parliament Opening, 2 Parties Accept Invite
• Written by Vasudha Venugopal | Thursday May 25, 2023, New Delhi
• Biju Janata Dal and YSRCP on Wednesday announced their decision to attend the inaugural ceremony.
• A minor boy, who had gone missing a decade ago, was reunited with his family in Rajasthan by Haryana Police's anti-human trafficking unit, an official said on Wednesday.
• Motorcycle-borne assailants allegedly shot at a businessman in the Narahi area
• The US has said its partnership with India is one of its most consequential relationships and the country works closely with India on vital priorities.
• Police on Wednesday said a rape accused brought for questioning at Ughaiti Police Station here was rushed to a hospital after he allegedly attempted suicide.
• Prime Minister Narendra Modi on Thursday landed at New Delhi's Palam airport after concluding his three-nation visit to Japan, Papua New Guinea and Australia.
• Bhojpuri film director Subhash Chandra Tiwari was found dead inside a hotel room in Sonbhadra, Uttar Pradesh on Wednesday, police said.
• Gujarat Police Brings Gangster Lawrence Bishnoi to Delhi
• "Extreme Hatred" For PM: BJP Slams Opposition Over New Parliament Building Row
• Rajasthan Congress Questions Lack of Central Laws to Prevent Paper Leaks
• YS Jagan Reddy's Party to Attend New Parliament Inauguration by PM
• Maharashtra Man Kills Father with Tractor Over Rs 70,000 Loan: Cops
• "Affront To Democratic Ethos": Centre Slams Opposition On New Parliament Inauguration Boycott
• The Delhi government has moved the Supreme Court against an order of the National Green Tribunal naming Lieutenant Governor V K Saxena as the chairperson of the High-Level Committee (HLC) on Yamuna.
• Anti-Terror Agency Special Court Gives 5 Years In Jail To Hizbul Operative In
• The house of Manipur PWD Minister Konthoujam Govindas in Bishnupur district was vandalised on Wednesday by a group of people claiming that the government in the strife-torn state is not doing enough to protect locals from militants.
• ?Month After Maoist Blast, 2 Bombs Found Planted Under Chhattisgarh Road
• Two powerful Improvised Explosive Devices (IEDs) planted by Naxals under a road were recovered in Bijapur district of Chhattisgarh on Wednesday, police said.
• Foreign-Registered Online Game Portals Sent Rs 4,000 Crore Abroad, Raided By ED
• 70 Admitted To Hospital After Eating 'Rasgulla' At Wedding Feast In UP
• In a suspected case of food poisoning, around 70 people, including several children, were hospitalised after eating at a wedding feast in a village in UP's Kannauj, a senior official said today.
• President Droupadi Murmu on Wednesday said that court orders are not implemented sometimes, and the government and the Chief Justice of India should
• Hindu Devotees Move Mathura Court To Offer Prayers At Shahi Idgah
• Manipur witnessed fresh violence on Wednesday where a 29-year-old man was shot dead by members of a different community. Two others were injured in a separate incident in Bishnupur district today.
• India, Australia Aim To Conclude Comprehensive Trade Deal By End Of 2023
• PM Modi said the pact will give further strength and new dimensions to trade and economic cooperation between the two countries.
• "To Put Congress In...": Eknath Shinde On Uddhav Thackeray-Arvind Kejriwal Meet
• The Shiv Sena led by Eknath Shinde on Wednesday said that Uddhav Thackeray's meeting with AAP leaders Arvind Kejriwal and Bhagwant Mann here was an attempt to put Congress, Thackeray's ally in Maharashtra, in a fix.
• "Conspiracy Against Centre": BJP On Mamata Banerjee-Arvind Kejriwal Meet
• New Parliament Narasimha Rao's Idea, Good To See It Built: Ghulam Nabi Azad
• Ayodhya Ram Temple Grand Opening In January, Infra Works Now On Overdrive
• PM Modi To Virtually Inaugurate Third Khelo India University Games Tomorrow
• "Don't Want Any Politics": Akali Dal Chief To Attend New Parliament Opening
• "Don't Want Any Politics": Akali Dal Chief To Attend New Parliament Opening
• 1 Missing, 3 Rescued After Heavy Rains Trigger Flash Floods In Jammu
• Press Trust of India | Wednesday May 24, 2023, Rajouri/Jammu
• President Murmu Inaugurates New Jharkhand High Court Building
• 2 Accused With Delhi Ex Minister In Money Laundering Case Denied Bail
• 2 Accused With Delhi Ex Minister In Money Laundering Case Denied Bail
• Press Trust of India | Wednesday May 24, 2023, New Delhi
• A Delhi court on Wednesday dismissed the bail applications of two accused persons in a money laundering case lodged against AAP leader Satyendar Kumar Jain in a disproportionate assets case.
• "Delhi Has Mamata Banerjee's Support": Arvind Kejriwal On Centre's Ordinance
• "Ties in T20 Mode": PM Modi Describes Rapid Rise in India-Australia Relations
• BJP Slams Trinamool for Not Giving Sourav Ganguly "Due Respect" In Bengal
• A day after cricket legend Sourav Ganguly was appointed the brand ambassador of Tripura tourism, BJP tried to showcase the appointment as a 'righting of a wrong' against a son of the soil.
• Assam Chief Minister Himanta Biswa Sarma slammed the Opposition on Wednesday stating that the inauguration of the new Parliament building was something that the latter did not expect to happen soon adding that the boycott is being done

Asian Markets 25th May

STOCKS

• Index????????????????????????Last??????????????????????????% Change
• ASX All Ordinaries??7,323.90???????????????????-0.93%
• ?Hang Seng?????????????18,800.51????????????????-1.65%
• ?Nikkei 225??????????????30,848.07????????????????+0.54%
• Shanghai SE ???????????3,196.28??????????????????-0.26%

COMMODITIES

• Future ???????????????????????Last???????????????????????% Change
• Brent Crude Oil???????78.42????????????????????????+0.08%
• Gold??????????????????????????1,962.80???????????????????--
• Copper?????????????????????693.55??????????????????????--
• CBOT Soybeans?????1,323.25???????????????????-0.09%

??CURRENCIES

• Exchange?????Last???????????????% Change
• EUR/USD?????1.0741???????????-0.07%
• GBP/USD?????1.2344???????????-0.16%
• JPY/USD??????0.0072???????????-0.13%
• CNY/USD?????0.1415???????????-0.04%

YIELDS

• Name ???????????Yield?????????????Change
• US 10Y?????????3.736????????????+0.017
• DE 10Y?????????2.459????????????+0.007
• UK 10Y?????????4.217????????????+0.005
• JP 10Y??????????0.414????????????+0.008