Bloomberg Reports
CHINA MAKES POWER PLAY FOR GLOBAL GOLD – EYES CONTROL OVER FOREIGN RESERVES TO CHALLENGE DOLLAR DOMINANCE
•Beijing pushes to become the world’s custodian of foreign sovereign gold, aiming to shake up the bullion market.
•The People’s Bank of China woos friendly central banks through the Shanghai Gold Exchange, urging them to buy and park gold inside China.
•The bold gambit could erode U.S. dollar supremacy and tilt the global financial order toward Beijing’s grip.
Proud of Anandkumar Velkumar for winning the Gold at the Senior Men’s 1000m Sprint in the Speed Skating World Championships 2025. His grit, speed and spirit have made him India’s first World Champion in skating. His accomplishment will inspire countless youngsters. Congratulations to him and best wishes for all future endeavours.
China's Mega Equipment!
🇨🇳China’s largest domestically built floating liquefied natural gas (FLNG) facility, the NGUYA FLNG sailed for voyage.
The facility will be deployed for Italy energy company's LNG project in waters off🇨🇬the Republic of the Congo in #Africa.
Trump tried to bully India into ditching Russia -- India is not budging, and why should they? Why should the U.S. dictate who you can buy oil from?
Watch the legendary economist Richard Wolff eviscerate the U.S. economic policy.
Why is Tata Motors Down 4% ?
Rpts : Tata Motors set to acquire Italian truck maker Iveco for $4.5 billion in its biggest deal to date
UBS on Tata Motors
Media report indicates Iveco Group is near to selling its commercial trucking business to Tata Motors
If true, Tata Motors may have to spend over €1.5bn, on the basis of Iveco's valuation
This is including mandatory open offer that would be triggered under regulations
Maintain Sell with TP of Rs 690
❗️ This is a ‘step towards WAR’ — Ex-Russian Prez responds to Trump’s 10-day deadline
‘Russia isn't Israel or even Iran’
‘Trump's playing the ultimatum game with Russia’ — Medvedev
🇮🇳🇨🇳INDIAN EMBASSY IN CHINA: STARTING TOMORROW, CHINESE CITIZENS CAN APPLY FOR TOURIST VISAS TO VISIT INDIA
*FOR THE FIRST TIME IN THE LAST 5 YEARS.
#INDIA#CHINA#VISA
https://t.co/kq7Wu2Xw8U
What changed today is strength of INR Indian market recovery . it break below 86.2 we might see recovery in indian market .
With trump now president the USD strength may weaken and other countries currency may gain giving respite to markets .
BOFA India Strategy
-See downside risks to earnings
-Nifty’s FY25 earnings growth to moderate to 10% (18% in FY24)
-We see risk of price cuts in Metals, while IT could see a marginal revival
-Upgrades: Autos, Telecom & Utilities
-Cement, Discretionary, and Metals: Downgrades
GLOBAL OUTAGES
- Major banks, media, airports and airlines affected by major IT outage
- Payment systems impacted in different parts of the world, including Australia and the UK.
- Australia's government calls for emergency meeting
- Significant disruption to some Microsoft services
- 911 services disrupted in several US states including Alaska, Arizona, Indiana, Minnesota, New Hampshire and Ohio.
- Services at London Stock Exchange disrupted
- Sky News is off air
- Reports the issue relates to problem at global cybersecurity firm Crowdstrike