February, 2019

• 18 February

  India’s sleepwalking to trouble on builder debt

  

  Five months. That’s how long it takes Country Garden Holdings Co. to start selling apartments after acquiring land. A spate of fatal accidents forced the Chinese builder to slow things down a notch last year, but the pace of construction may pick up again when robots start plastering the walls. The pressure to finish comes from the markets: Of the ...

  Read More »
• 18 February

  Selling gold won’t solve your budget problems

  

  Most of us have a few coins lost down the backs of our sofas. Only the foolish think they can solve their money worries by fishing them out. That’s more or less what politicians in Venezuela and Italy are contemplating at the moment, though. The Latin American government sold more than 40 percent of its gold reserves last year to ...

  Read More »
• 18 February

  Europe stocks, commodities rise as trade optimism builds

  

  Bloomberg Stocks in Europe edged higher after a rally in Asia drove the region’s shares to their highest level since October amid optimism over China’s economy and trade talks. Commodities from oil to copper jumped. The Stoxx Europe 600 edged up following a choppy morning as gains by telecommunications companies offset declines in carmakers, after President Donald Trump received a ...

  Read More »
• 18 February

  Global rally skips India stocks as nation retaliates to attacks

  

  Bloomberg Indian equities declined, skipping a global rally, as investors assessed the nation’s retaliation to a deadly attack on its defense forces last week. Four security personnel and two militants were killed in the Indian army’s military encounter in Kashmir. The benchmark S&P BSE Sensex fell 0.9 percent to 35,498.44 at the 3:30 pm close in Mumbai, capping an eighth ...

  Read More »
• 18 February

  Modi gets $4bn cash from India’s RBI before polls

  

  Bloomberg India’s central bank approved an early transfer of a part of its profit to the government, which is desperate for cash to fund populist pledges ahead of a national election. The Reserve Bank of India’s board, approved 280 billion rupees ($4 billion) as interim dividend, according to a statement. This is the second straight year that the RBI has ...

  Read More »
• 18 February

  Yes Bank falls as India central bank censures selective disclosure

  

  Bloomberg Yes Bank Ltd. fell after India’s central bank reprimanded it for selectively revealing a “confidential” report by the regulator that led to a 30 percent surge in the lender’s shares. The regulator called the disclosure a “deliberate attempt” to mislead the public. The risk assessment report on Yes Bank prepared by the Reserve Bank of India identified several lapses ...

  Read More »
• 18 February

  Deutsche Bank investor sold stock at double market price

  

  Bloomberg When HNA Group Co. became Deutsche Bank AG’s top shareholder in early 2017, the German lender’s shares were trading near two-year highs and the fledgling Chinese airline was voicing ambitions of turning into a big player on Wall Street. Then both firms ran into roadblocks. HNA has since lost its seemingly insatiable appetite for growth, embarking on a selling ...

  Read More »
• 18 February

  DBS’s wealthy clients resume trading

  

  Bloomberg DBS Group Holdings Ltd.’s chief executive said rich clients are getting more active in trading again, recovering from fourth-quarter turmoil that caused a slump at its wealth management unit. “People just froze” because of the equity market sell-off late last year, Piyush Gupta said in an interview with Bloomberg Television on Monday, soon after his bank reported a 10 ...

  Read More »
• 18 February

  ECB could change rates guidance, says Villeroy

  Bloomberg The slowdown of the European economy is “significant” and the European Central Bank could change its interest-rates guidance if it becomes clear the situation isn’t temporary, Governing Council member Francois Villeroy de Galhau said. The extent of the weakness at the end of 2018 has taken policy makers by surprise, with Italy entering recession and Germany narrowly avoiding the ...

  Read More »
• 18 February

  Flybmi’s collapse over Brexit strands passengers in Europe

  

  Bloomberg The collapse of British regional airline flybmi over higher fuel prices and Brexit uncertainty has forced stranded passengers across Europe to fend for themselves, without the prospect of help from the UK government. UK student Mary Ward was in Brussels waiting for a flight to Newscastle when she received the airline’s text that said all flights had been cancelled, ...

  Read More »