almost 1 million people from Odisha state to temporary shelters as it braces for its worst tropical storm since 2014. Cyclone Fani is set to hit the country’s east coast Friday morning, with winds as high as 200 kph at landfall, according to the government. Security forces have deployed ships and helicopters.will decide after next week’s trade talks whether they’ll meet to finish the deal, White House spokeswoman Sarah Sanders said, adding that the U.S. believes such a summit is likely.
Aussie futures are barely higher and the Hang Seng is poised to open lower. China and Japan remain closed for holidays.Tesla plans to raise about $2 billion through debt and stock offerings, an acknowledgement that the Model 3 sedan isn’t generating the cash it needs to become self-sustaining. CEO Elon Musk said repeatedly last year that Tesla would no longer need to raise capital as its first mass-manufactured car ramped up.
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Business Maverick: Thursday May 2: Five Things You Need to Know to Start Your DayThe Fed stands pat, mostly. U.S. Treasury Secretary Steven Mnuchin calls China trade talks “productive,” and yet another Brexit compromise is brewing. Here’s what’s moving markets.
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Business Maverick: Tuesday, April 30: Five Things You Need to Know to Start Your DayWarnings signs for China stocks and Boeing says it didn’t mean to deactivate a pilot alert on the 737 Max. Here’s what’s moving markets.
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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.
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BUSINESS MAVERICK: The spectre of Stagflation is haunting South Africa and the alternative is also scarySouth Africa's economy does not have a lot in its favour at the moment. Relatively moderate inflation in recent years has been one of the few bright spots. Even this has been a mixed blessing as it partly stems from subdued demand. This could change soon, with price pressures unrelated to consumption building in the economy. Against the backdrop of anaemic growth and sky-high unemployment, this could unleash the spectre of stagflation. And if prices do remain subdued, it is only because of the dire state of the economy.
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Business Maverick: Google Advertising Revenue Growth Slows, Triggering Share SlumpAlphabet Inc.’s first-quarter revenue missed analysts’ estimates, sparking concern that advertisers are shifting some spending to digital rivals. Shares of Google’s parent company fell more than 6% following the results.
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BUSINESS MAVERICK: South Africa is not the only regional economy with a debt problemSouth Africa was not the only economy in the region to suffer a lost decade or ‘nine wasted years’, to quote President Cyril Ramaphosa. In some ways mirroring Pretoria’s trajectory, many African economies have been racking up concerning levels of debt against a backdrop of relatively sluggish growth. Part of this stems from continued reliance on natural resources. The failure to diversify or industrialise is one reason why so much of the past decade has been lost.
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Business Maverick: Anadarko Board Faces Scrutiny Amid $38 Billion Bidding WarAnadarko Petroleum Corp.’s market value has soared 56 percent since a bidding war for the American shale driller kicked off two weeks ago. Yet the company’s directors have managed to step on the toes of almost every player involved.
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Business Maverick: Google Will Now Auto-Delete Some User Data — If You AskAlphabet Inc.’s Google said it will let users set up their profiles to automatically delete location and web-browsing data, giving people a middle ground to the internet giant’s always-on or always-off data hoovering mechanisms.
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