Warning Signs for China StocksInvestors are running out of reasons to chase the bull market in Chinese stocks. After adding as much as $2.5 trillion to share values and outpacing gains everywhere else in the world, the rally in China is starting to look tired. Headwinds include an uninspiring earnings season, as well as the likelihood that Beijing will pursue a less aggressive stimulus policy than anticipated. Talks with the U.S. on trade also resume this week.
Boeing Cockpit Alert StatementBoeing has acknowledged that a cockpit alert notifying pilots of a sensor malfunction linked to two fatal accidents wasn’t working as represented on every 737 Max. The planemaker said it didn’t deactivate a warning that was supposed to show conflicting readings between two angle-of-attack vanes. But the alert only functioned on jets that had a separate indicator display — available for a fee — with readings from the sensors, Boeing said in a statement Monday.
Markets OpenAsian stocks are set to drift Tuesday ahead of key China data that will provide clues on global economic growth. U.S. stocks hit another record high on Monday, but pared gains ahead of Alphabet’s report. Hang Seng and Nikkei futures are also pointing to a higher open. Treasury yields rose after a large five-year block sale. Most G-10 currencies gained versus the dollar; the yen declined.
Google Parent Earnings DisappointAlphabet’s first-quarter revenue missed, sparking concern advertisers are shifting some spending from Google to digital rivals. Sales came in at $29.5 billion, excluding payments to distribution partners. Wall Street was looking for $30.04 billion. Shares fell more than 7 percent in late trading. One slightly wobbly quarter doesn’t detract from Google’s impressive track record of steady growth since its rough patch several years ago.
It’s Getting Crowded in JakartaIndonesia plans to relocate its administrative capital from Jakarta, with the move set to take up to a decade and cost as much as $33 billion. President Joko Widodo ordered ministers to formulate a financing plan for the move, with private investment set to play a key role. The plan envisages relocating government and its executive branch, ministries and the parliament while retaining the central bank as well as trade and investment functions in Jakarta.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Maverick: Tuesday, April 23: Five Things You Need to Know to Start Your DayOil market surges after Trump’s move to cut Iran’s crude exports, Samsung pulls its folding phone and Sri Lanka lays the blame for an Easter Sunday attack on local terror group. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Wednesday April 24: Five Things You Need to Know to Start Your DayTwitter helps stocks fly to a record high, Netflix returns to the junk bond market and Islamic State claims responsibility for the deadly attacks in Sri Lanka. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Friday April 26: Five Things You Need to Know to Start Your DayU.S.-China trade talks circle around pharma, Tesla’s quarter proved to be one of the “top debacles” in 20 years of tech, and Joe Biden throws his hat in the presidential ring. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Thursday April 25: Five Things You Need to Know to Start Your DayFacebook and Microsoft deliver solid results, Goldman may have to plead guilty over 1MDB, and Boeing’s chief insists the 737 Max will be one of the safest airplanes ever to fly. Here are some of this morning’s key stories.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Glencore Faces New Corruption Investigation With CFTC ProbeGlencore Plc said it’s under investigation by the U.S. Commodity Futures Trading Commission for possible corrupt practices, the latest legal headache for the world’s biggest commodity trader.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Impact investing could bridge the socialist/capitalist divideA conference this week examined one of the trickiest issues of our day: why is it proving so difficult to mobilise retirement funds to aid social upliftment? Meanwhile, inequality is rising and threatening to become a political time bomb, environmental crises are increasing, tax revolts are looming, and levels of violent social unrest could become unmanageable. Is there a solution? Cue impact investing.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK: China, South Africa and the middle-income trapChina and South Africa seem so distant and so different. Chinese economic growth has been fabulous; over the past decade, South Africa’s has been miserable. China is enormous; SA is small… and so on. But in one singular respect, China and South Africa are similar — they may be both caught in the middle-income trap. If there is such a thing.
Source: dailymaverick - 🏆 3. / 84 Read more »
BUSINESS MAVERICK ANALYSIS: Central banks’ musical chairs put independence up for grabsA changing of the guards at central banks around the world at a time when the value of both political and operational central bank independence is up for debate could yield some surprises. History shows these can be pretty dramatic as tensions run high between presidents and bank governors.
Source: dailymaverick - 🏆 3. / 84 Read more »