Markets

Steel, aluminum tariffs go into effect June 1: Why no NAFTA deal?

Steel, aluminum tariffs go into effect June 1: Why no NAFTA deal? Jerry Dias, president of Unifor, the largest union representing auto workers, said in an interview that while domestic USA auto makers recognize Canada and the U.S are integrated auto industries, they support President Donald Trump's attempt to target cheap auto imports from Korea, Japan and Europe, and dumped steel from places like China and Korea. [Full Article...]

Tesla Model 3 Braking Improves With On-Air Software Update

Tesla Model 3 Braking Improves With On-Air Software Update Tesla has been facing issues in production of Model 3 and the company has recently achieved over 500 vehicles per day production rate. Musk has been closely monitoring Model 3 production as the company faces tough questions about its ability to deliver the pending Model 3 order pipeline. [Full Article...]

Indian economy grows 7.7 percent in March quarter

Indian economy grows 7.7 percent in March quarter It, however, kept growth expectation for 2019 unchanged at 7.5%. The growth rate in per capita income is estimated at 5.4 percent during 2017-18, as against 5.7 percent in the previous year. Every $10 rise pushes up the inflation rate by 30-40 basis points and hurts economic growth by about 15 basis points, according to Nomura Holdings Inc. [Full Article...]

Banks help USA stocks higher as Italian worries ease

Banks help USA stocks higher as Italian worries ease The Dow Jones Industrial Average fell 376.91 points, or 1.52 percent, to 24,376.18, the S&P 500 lost 30.88 points, or 1.13 percent, to 2,690.45 and the Nasdaq Composite dropped 36.31 points, or 0.49 percent, to 7,397.54. Royal Bank of Scotland Group shares fell over 1 percent in London after Ewen Stevenson resigned from his role as Chief Financial Officer and Executive Director to take up an o... [Full Article...]

Two-day bank strike to start tomorrow after conciliatory efforts fail

Two-day bank strike to start tomorrow after conciliatory efforts fail Besides salaries of corporate employees, ATM withdrawals and other major banking operations are also going to be hit. Besides, deposit in branches, FD renewal, government treasury operation, money market operation would see the impact of the strike . [Full Article...]

Bombardier plans two new luxury aircraft amid growing demand

Bombardier plans two new luxury aircraft amid growing demand The flagship Global 7000 , still in flight test, was rechristened the Global 7500 to reflect better range, takeoff, and landing performance than originally anticipated. An additional seating innovation is available on the Global 5500 and Global 6500 aircraft: the Nuage chaise, which adds new dimensions to the conference suite as a lounge chair that converts into a flat surface for sleepin... [Full Article...]

Trump wants to push German carmakers out of U.S

Trump wants to push German carmakers out of U.S An exclusive report from German magazine WirtschaftsWoche cites several unnamed USA and European diplomats. There's also the fact that a number of German automakers already have huge manufacturing presences in the US. Berlin has reacted angrily to the US vehicle imports investigation, but the head of Germany's BDI industry association Dieter Kempf on Thursday called for prudence in the growin... [Full Article...]

The Dow jumps more than 300 points by the closing bell

In any case, investors adopted a more benign view of the situation, bidding up bank shares that tumbled in Tuesday's session on what-ifs that included a eurozone implosion or widespread defaults. Meanwhile, after falling $4.90 to $1,304.10 an ounce in the previous session, gold futures are inching up $0.10 to $1,304.20 an ounce. Brent crude, used to price worldwide oils, lost 38 cents to $77.34 ... [Full Article...]


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