Markets
The Fed shouldn't encourage Trump's trade war: Bill Dudley
Staying above the political fray helps the central bank maintain its independence. Directors at the other six Fed banks recommended a decrease to the so-called discount rate, "in light of risks to the economic outlook and muted inflation pressures", the minutes showed. [Full Article...]
Royal Bank Scotland plc (The) ($RBS): About To Explode?
UBS Group's price target would suggest a potential upside of 44.85% from the stock's previous close. When you are considering investing in stocks, it is wise to consider counting in Wall Street analysts' target prices , which should help you place a more valuable investment. [Full Article...]
BMW X6 Painted in Vantablack
Naturally, such a paint color would not be practical for driving on the highway. "If anyone were to opt for a Vantablack paint option, it would definitely be a BMW X6 driver". But using VBx2, which was designed for architectural and scientific applications, a small amount of reflection is visible from every angle. Any light striking this surface is thus nearly completely absorbed rather than ref... [Full Article...]
Brad Garlinghouse Addresses Controversial Ripple Rumours; Insists XRP Is Not A Security
The recent partnership with MoneyGram reaped a growth in XRP/MXN volume, but according to Brad Garlinghouse , Ripple's CEO, this partnership will have a "more consequential impact on the crypto markets than the Libra white paper". Reportedly, the company has been decreasing XRP sales by volume quarter over quarter and owing to that, the inflation rate of XRP circulating supply has been lower th... [Full Article...]
German business confidence at lowest level since 2012: Ifo
He noted that Germany is coming off a long upswing with healthy employment and said "the outlook is particularly uncertain at the moment", citing political factors such as Brexit and global trade conflicts. From April to June of this year, Germany's gross domestic product (GDP) shrank by 0.1 percent from the previous quarter, according to recent data from the Federal Statistical Office ( Destatis ... [Full Article...]
Tobacco giants Philip Morris and Altria confirm talks over mega-merger
The companies described the proposed deal in a statement as an "all-stock, merger of equals " but cautioned that the discussions might not result in an agreement. Altria , which operates in the United States , owns a 35 per cent stake in vaping company Juul Labs Inc. With Juul just launching internationally and IQOS bringing the success it has had in several countries outside the United St... [Full Article...]
US consumer confidence dips slightly in August
The hope is that consumer spending can cushion the adverse effects to the USA economy from trade wars and a global slowdown. Analysts polled by Reuters had forecast a reading of 129.5 for August. Economists analyzing that report surmised that consumers were paying attention to negative business headlines, which have ramped up in light of a recent escalation in the trade dispute between the USA a... [Full Article...]
Cabinet approves setting up of 75 govt medical colleges
Likewise, easing of FDI norms in single-brand retail firms, especially the permission to set up brick-and-mortar stores would help firms like Apple . It has been chose to permit 26 per cent FDI under government route for uploading/streaming of news and current affairs through digital media, on the lines of the print media. [Full Article...]