Coffee Break World View 5 May

Coffee Break World View 5 May

Coffee Break World at a glimpse 5th May 2023

QUOTES:

  • The scientific theory I like best is that the rings of Saturn are composed entirely of lost airline luggage
  • There cannot be a crisis next week. My schedule is already full.
  • We are all here on earth to help others; what on earth the others are here for I don't know.
  • I cook with wine, sometimes I even add it to the food.

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

WORLD NEWS

  • Indonesia's economic growth held steady in the first quarter, as improving consumption and government spending offset a slowdown in exports and investment in Southeast Asia's largest economy.
  • Philippine annual inflation was on track to settle within the government's 2% to 4% target in the fourth quarter after it eased further in April owing to lower food prices, officials said on Friday, building the case for pausing interest rate hikes.
  • Australia central bank frets over upside risks to inflation as it warns on rates
  • China's services activity expands as consumers return - Caixin PMI
  • US debt crisis standoff could cause a recession - a bad one
  • Bank of Canada may hike rates further if inflation gets stuck, Macklem says
  • ECB slows rate hike pace but signals more to come
  • Hundreds of people line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort
  • US jobs market softening; slumping productivity boosts labor costs
  • Global issuance of mortgage-backed securities falls to a 23-year low
  • Outbreak of the coronavirus disease (COVID-19), in London
  • UK businesses raise prices to pass on higher wage costs
  • Hong Kong follows Fed rate hike, banking liquidity at fresh 2008 lows
  • Hong Kong March retail sales jump 40.9% in fourth month of growth
  • Taiwan central bank may keep raising interest rates, minutes show
  • Fed's hiking pause may not signal all-clear for US stocks
  • Spread of the coronavirus disease (COVID-19) continues in Frankfurt
  • Upturn in German services sector activity continues in April
  • Day four of Italy's nationwide coronavirus lockdown, in Rome
  • Italy's service sector grows in April at fastest rate since Aug 2021
  • Shadow of Kenya's borrowing binge to hang over next president
  • Kenya private sector activity falls in April
  • IMF sees uncertainty over Japan's monetary policy, spillover globally
  • Shares rise, dollar weakens on bank sector fears
  • Exclusive: U.S. officials assessing possible 'manipulation' on banking shares –source
  • U.S. federal and state officials are assessing whether "market manipulation" caused the recent volatility in banking shares, a source familiar with the matter said on Thursday, as the White House vowed to monitor "short-selling pressures on healthy banks."
  • China protests Canada's possible expulsion of diplomat
  • Short selling comes under fire as regional banks sell off
  • Pressure grows for regulatory intervention as US bank rout deepens
  • Russia says high waters threaten dam near Ukrainian nuclear plant - Tass
  • U.S. bankers urge SEC to probe short sales, reduce 'abusive' trading
  • Icahn Enterprises to give $2 per depositary unit days after Hindenburg report
  • Oil ticks up, but set for third week of losses over demand concerns
  • Ecuador frees cash for Galapagos conservation with $1.6 bln bond repurchase
  • Lyft shares tumble as cheaper rides to hurt second-quarter margin
  • DoorDash rides on delivery demand to raise 2023 core profit forecast
  • Customers queue at the Apple Fifth Avenue store for the release of the Apple iPhone 14 range in Manhattan, New York City
  • Apple iPhone sales inch up, bolstering results amid shaky economy
  • Fed data shows failed bank First Republic was key central bank borrower
  • Dallas disrupted by hackers - courts closed, police and fire sites offline
  • Exclusive: Israel seized Binance crypto accounts to 'thwart' Islamic State, document shows
  • Florida legislature approves bill allowing board to cancel Disney deals
  • Kremlin drone incident gives Putin cover to deepen Ukraine war
  • The humiliating spectacle for Russia of two drones flying over the walls of the Kremlin, its historic seat of power, has spawned conflicting theories about who did it and why - but for Vladimir Putin the incident could yet prove useful politically.
  • Drones attack Ukrainian capital, Moscow says US behind Kremlin drone
  • Fear recedes for Ukraine's volunteers, for whom war is 'just a job'
  • Burkina Faso interim leader hails Russia as a strategic ally
  • When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect.
  • Taiwan says F-16 deliveries delayed, working to minimise damage
  • Chinese Ambassador Cong Peiwu on Thursday denied a Beijing official targeted a Canadian lawmaker and his family for his anti-China stance and denounced Ottawa's statement that it was considering expelling a Chinese diplomat.
  • India’s Foreign Minister Jaishankar and his Chinese counterpart Qin Gang pose for a photograph in Goa
  • China assures Russia, India of deepening 'cooperation'
  • Eight dead in second Serbian shooting, police hunt killer
  • At Musk’s brain-chip startup, animal-testing panel is rife with potential conflicts
  • Elon Musk’s brain-implant venture has filled an animal-research oversight board with company insiders who may stand to benefit financially as the firm reaches development goals, according to company documents and interviews with six current and former employees.
  • Hollywood insiders predict writers strike to drag on through summer
  • Members of the Writers Guild of America protest in California
  • Crypto exchange Coinbase posts smaller loss on cost cuts, more revenue sources
  • Bumble posts robust quarterly revenue on sustained user spending
  • U.S. jury sides with Ed Sheeran in copyright trial
  • Exclusive: Indonesia quietly engaging key stakeholders in Myanmar crisis - foreign minister
  • U.S. President Biden participates in a bilateral meeting with Australian PM Albanese, in San Diego
  • Australia PM says 'frustrated' over continued detention of Julian Assange
  • Marcos says U.S. access to Philippines bases not meant for 'offensive action'
  • Afghanistan aid donors struggle with crackdown on women, less money
  • Proud Boys members convicted of seditious conspiracy during trial at U.S. District Court in Washington
  • Jury convicts Proud Boys members of seditious conspiracy in US Capitol attack
  • Former U.S. President Donald Trump indicted by a Manhattan grand jury
  • Trump asks federal court to take over NY hush money criminal case
  • Atlanta judge denies bail for suspect in medical building shooting
  • State senators debate bill limiting abortion in North Carolina
  • North Carolina's Republican-led legislature passes 12-week abortion ban
  • Recaptured drug lord Joaquin "El Chapo" Guzman is escorted by soldiers at the hangar belonging to the office of the Attorney General in Mexico City
  • Sons of Mexican drug lord 'El Chapo' deny trafficking fentanyl in rare letter
  • Migrants cross the border in Yuma, Arizona
  • Colombia cancels flights returning migrants from US, cites mistreatment
  • Demonstrators rally against Imperial Oil’s ongoing tailings pond leak, in Ottawa
  • Canada opens formal investigation into Imperial's oil sands tailings leak
  • China approves safety of first gene-edited crop
  • With a gulp and burp, a bloated star swallows a Jupiter-sized planet
  • Joint commission meeting between South Korea and Indonesia at the Foreign Ministry in Seoul
  • Kellogg buys key ingredient from conflict-ridden Sudan but sees no shortage now -CEO
  • Novo Nordisk cuts some US supply of obesity drug Wegovy to cope with demand
  • TD pulls $13.4 billion First Horizon purchase, leaves US bank in limbo
  • Peloton identifies defect in seat posts after reports of injuries
  • Exclusive: UBS weighs options for sale of Credit Suisse's Swiss unit
  • Wall Street ends down as PacWest fuels fears of deeper bank crisis
  • PacWest stock plunges as US regional banking woes worsen
  • Analysis: Delta's pilot deal turns up the heat on rival airlines' union negotiations
  • Biden meets Microsoft, Google CEOs on AI dangers
  • Shares rise, dollar weakens on bank sector fears

INDIA NEWS

  • Chinese Foreign Minister Qin Gang assured his Russian and Indian counterparts of deepening bilateral ties, promising that "coordination and cooperation" will only grow stronger, in a show of solidarity with two of China's biggest neighbours.
  • India amends power policy draft to halt new coal-fired capacity
  • Shanghai Cooperation Organisation (SCO) foreign ministers meet in Goa
  • Eurasian foreign ministers gather in India on regional security
  • India, Russia suspend negotiations to settle trade in rupees
  • Disheartened Go First pilots rush to Air India's jobs drive
  • Financials, metals boost Indian shares amid earnings rush
  • Gold flat; set for weekly jump on hopes of Fed pause, banking woes
  • Indian army helicopter makes 'hard landing', one dead
  • India's United Breweries posts slump in Q4 profit on higher input costs
  • India's United Breweries Ltd reported a 94.03% slide in fourth-quarter profit on Thursday, hurt by higher raw material costs.
  • India's Tata Power posts 55% profit jump on strong distribution growth
  • HDFC Bank to open more than 675 branches in semi-urban, rural areas in fiscal year 2024, bank official says
  • India's CEAT reports five-fold jump in Q4 profit on lower raw material costs
  • Indian tyremaker CEAT Ltd reported a more-than-five-fold increase in its fourth-quarter profit on Thursday, aided by low raw material costs and strong domestic demand.
  • India tribunal allows bankruptcy proceedings against Future Lifestyle
  • A company court on Thursday admitted Bank of India Ltd's petition to begin insolvency proceedings against Future Lifestyle Fashions Ltd on an alleged loan default of 4.96 billion rupees ($60.69 million).
  • India's TVS Motor posts 50% jump in fourth-quarter profit as scooter demand surges
  • TVS Motor Co Ltd reported a near-50% jump in quarterly profit on Thursday, as people bought more of its scooters and electric two-wheelers even after Indian manufacturers raised product prices.
  • India's Wadia-owned Bombay Dyeing posts bigger fourth-quarter loss as costs soar
  • India's Bombay Dyeing and Manufacturing Company Ltd reported a bigger March-quarter net loss on Thursday, as increasing costs continued to hurt the retail and textiles company.
  • India's Adani Enterprises says fourth-quarter profit surges on coal trading boost
  • Indian army steps in to quell violence in north-eastern state of Manipur

Rates Asian Hours

STOCKS

  • Index????????????????????????Last???????????????????????????% Change
  • ASX All Ordinaries??7,405.80???????????????????+0.24%
  • Hang Seng??????????????20,031.60????????????????+0.42%
  • Nikkei 225???????????????29,157.95????????????????+0.12%
  • Shanghai SE ???????????3,325.41???????????????????-0.75%

COMMODITIES

  • Future ???????????????????????Last???????????????????????????% Change
  • Brent Crude Oil???????72.99????????????????????????+0.68%
  • Gold??????????????????????????2,048.00???????????????????????????????--
  • Copper?????????????????????738.55??????????????????????????????????--
  • CBOT Soybeans?????1,452.00??????????????????? +0.24%

CURRENCIES

  • EUR/USD?????1.1033???????????+0.20%
  • GBP/USD?????1.2594???????????+0.17%
  • JPY/USD??????0.0075???????????+0.16%
  • CNY/USD?????0.1447???????????-0.06%

YIELDS

  • Name ???????????Yield??Change
  • US 10Y?????????3.384?+0.032
  • DE 10Y?????????2.186?-0.011
  • UK 10Y?????????3.655?+0.001
  • JP 10Y??????????0.42???-0.001

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