Markets

International Monetary Fund predicts Indian economy to grow at 7.2 per cent in 2020

International Monetary Fund predicts Indian economy to grow at 7.2 per cent in 2020 It cut its trade growth forecast for 2020 by 0.2 points, to 3.7%. However, the modest rebound in 2020 will only materialise if governments stop scrapping over trade and reach new deals. It slashed the forecast for Latin America and the Caribbean downward by 0.8 percentage point to just 0.6 percent in 2019, reflecting downgrades to the forecasts for Brazil, Mexico and Argentina. [Full Article...]

U.S. existing home sales drop more than expected in June

U.S. existing home sales drop more than expected in June Economists surveyed by Bloomberg projected a 5.32 million pace. According to NAR data, the median existing-home price for all housing types in June reached an all-time high of 285,700 US dollars, up 4.3 percent from June 2018, which is the 88th straight month of year-over-year gains. [Full Article...]

Coke shares hit all-time high as new drinks win customers

Coke shares hit all-time high as new drinks win customers Shares of NASDAQ:COKE opened at $292.86 on Tuesday. Also feeding into the results was volume and transaction growth in the trademark Coca-Cola drinks of 4%. Shares in AT&T have been mostly flat since April, when the second-largest wireless carrier after Verizon said it had lost nearly 630,000 video customers in the first quarter. [Full Article...]

LG Display plans W3tr investment to push forward OLED TVs

LG Display plans W3tr investment to push forward OLED TVs The Gen 10.5 plant was built to manufacture large-sized OLED panels. The investment is interpreted as an attempt to expand the large OLED production infrastructure more aggressively as demand for OLEDs increases significantly and awareness of the premium value of OLEDs spreads, increasing opportunities for the new market. [Full Article...]

Tron Founder Justin Sun Postpones Lunch With Warren Buffet

Tron Founder Justin Sun Postpones Lunch With Warren Buffet Justin Sun at Consensus 2019 image via CoinDesk archives. Sun has fallen ill with kidney stones , the foundation said on Twitter. The digital token known as Tron tumbled as much as 16% after cryptocurrency entrepreneur Justin Sun postponed his charity lunch meeting with billionaire Warren Buffett citing a bout of kidney stones. [Full Article...]

Jaguar's XJ13 prototype reborn as the Ecurie Ecosse LM69

Jaguar's XJ13 prototype reborn as the Ecurie Ecosse LM69 Originally envisaged in the early 60s, the mid-engined V12 machine was intended to reassert the marque's Le Mans dominance, but corporate cold feet meant that by the time a prototype was built in 1966 it was too late. "While remaining true in spirit and sympathetic to the style of the fabulous XJ13, its bodywork has been developed into an all-new design that has its own purposeful beauty". [Full Article...]

Supertruck? Electric Ford F-150 debuts by towing a train

Supertruck? Electric Ford F-150 debuts by towing a train The clip shows F-150 Chief Engineer Linda Zhang meeting with current F-150 owners out at a rail yard. The battery-powered F-150 is one of several distinct electric vehicle projects Ford is now working on. Ford's electric F-150 isn't as powerful as a locomotive, but it does a good impression of one. If it wasn't for the decals that proclaim this an electric prototype, you'd think it was just a ... [Full Article...]

British Airways Pilot Ballot Calls For Strike

British Airways Pilot Ballot Calls For Strike According to BALPA: "BA is making massive profits as a result of the hard work and dedication of staff, including because of sacrifices made during hard times". "Any further negotiations are on hold while we prepare to defend our right to take this action", BALPA said. British Airways operates at 14 United Kingdom airports, including Heathrow, Gatwick, Stansted, Leeds Bradford, Manchester, Newca... [Full Article...]


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