Copper prices edged lower on Wednesday, continuing a gradual slide from two-year highs reached last month as lacklustre European factory data reinforced concerns that demand will remain weak and the market oversupplied.Benchmark copper on the London Metal Exchange (LME) was down 0.1% at $6,382 a tonne at 1048 GMT.Prices crashed to $4,371 in March as the coronavirus closed factories worldwide but rebounded to $6,633 on July 13 as consumption in China, the biggest market, revived and traders worried the virus would disrupt mine production.But with much of the world moving into recession and mine output holding up, some analysts think prices are too high."Copper is way ahead of the fundamentals," said Eugen Weinberg, head of commodities research at Commerzbank, adding that weak demand and oversupply should push prices down 10-15% from current levels.EURO FACTORIES: Euro zone industrial production rose in June but less than expected.BRITAIN: Britain's economy shrank by a record 20.4% in … [Read more...] about Copper slips on weak European factory data
The Reserve Bank today asked all listed companies to provide information on FPI investments to depositories before May 15 or else they will be barred from receiving foreign investments.Currently, the RBI receives data on investment made by foreign portfolio investors (FPIs) and non-resident Indians (NRIs) on stock exchanges from banks, based on which restrictions beyond a threshold limit is imposed on such investments in listed Indian companies.In order to enable listed companies to ensure compliance with various foreign investment limits, the RBI in consultation with market regulator SEBI has decided to put in place a new system for monitoring foreign investment limits.Depositories have to provide the necessary infrastructure and systems for operationalising the monitoring mechanism.The Securities and Exchange Board of India (SEBI) has already issued notification in this regard.As per SEBI circular, all listed Indian companies are required to provide the specified data/ information on … [Read more...] about RBI asks listed firms to provide FPI data to depositories by May 15
The monthly data also points to the trend. In March, OOAT centres registered 353 new admissions of addicts, in April 1,432, in May 1,097, in June 382 and in July 233 patients for treatment. There is also a decline in registered drug addict patients over the past three months. In July, 3,225 dropped out against total registered 13,663 patients. In June, 2,936 did not come for treatment against total registered 13,420 patients and in May 1,837 people left the treatment, after registration with the health department. … [Read more...] about Jalandhar OOATs see addicts drop out of treatment after lockdown relaxation
Pyongyang Apartment Prices Soar Amid Thaw Pyongyang Becoming Rapidly Westernized Kim Jong-un Opens Glitzy High-Rise Street in Pyongyang Kim Jong-un Rushes Completion of Potemkin Village How Pyongyang's Elite Live Now Pyongyang Spruces up Subway N.Korea Still Uses Trucks Donated in Thaw 18 Years Ago Pets Become Fashionable in Pyongyang Cab Driving Is Pyongyang's Most Lucrative Job Pyongyang Booms at the Expense of the Rest of N.Korea … [Read more...] about How Capitalist Is N.Korea?
Early indications suggest the trend continues in August. Amazon India, that recently concluded the Prime Day Sale, noted that work and study from home phenomena yanked up demand and placed laptops at the top of the list of items sold, during the two-day shopping bonanza. … [Read more...] about Work from home drives laptop sales amid Covid-19 lockdown