“The risk sentiment has been dealt a serious blow with the worsening coronavirus situation in Europe on account of a second wave. Most countries have announced partial lockdowns, curfews or declared emergencies. This threatens to nip the nascent recovery in the bud,” said Abhishek Goenka, Founder and CEO, IFA Global. … [Read more...] about Rupee slips below 74/USD level in early trade
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According to Arjun Yash Mahajan Head Institutional Business at Reliance Securities, the India trade set up does not look to be encouraging due to weak global cues. Volatility in domestic equities is expected to persist due to futures and options (F&O) expiry. … [Read more...] about Sensex plunges over 350 points in early trade; Nifty drops below 11,650
Failure to strike a Brexit trade deal with the EU would be "extremely damaging" and cut profits by up to a quarter at carmaker Bentley, its boss told Reuters, as the government urges firms to plan for potential disruption.Britain said on Monday there was still no basis for talks with Brussels to resume, just over two months before free and unfettered trade is due to end, leading to possible tariffs, customs checks and long delays for imports and exports.The Volkswagen-owned luxury brand has spent millions to prepare, including stockpiling, switching ports and a provisional air freight contract, but warned on failure to find an agreement."It would be extremely damaging," Chief Executive Adrian Hallmark told Reuters on Tuesday."If you took the duties on components, 45% of the bits we buy in, and the 10% tariff on cars, worst-case scenario, it would take out a significant percentage of our profits," he said. "(It) would probably cost us 20% to 25%." … [Read more...] about “Extremely damaging” no deal in Brexit trade talks would cut Bentley’s profits
This is, however, higher than Q2, which at 64 tonnes was a 70 % drop and the second lowest in our quarterly series. This has been partially due to easing of lockdown and some low prices in August that provided a small window of buying opportunities for the discerning, Somasundaram said. … [Read more...] about COVID-19 hits India’s gold-buying sentiment; Q3 demand drops by 30%: WGC
By the mid-1980s Jayewardene brilliantly outmanoeuvred Delhi by enticing it to jettison its previous role as the mentor of the Tamil militant groups and instead be their terminator, and in the process wearing out Delhi so comprehensively that it somehow extricated itself altogether from the Sri Lankan nationality question, finally, to count its losses. … [Read more...] about Why is Modi pushing Rajapaksa on the Tamils?