At a time when the world is grappling with uncertainties surrounding Covid, Bank of America (BofA) Securities has listed out some themes that will play out in the post-pandemic era. The foreign brokerage in its report stated that while the bigger companies would continue to gain more market share, the dislocation in the markets would further accelerate disintermediation of the wholesalers. It also added that new asset owners are likely to emerge in infrastructure and real estate, as liquidity would be tight and lenders would remain cautious.
Gold once again has emerged as one of the best performing asset class in 2020 after stupendous 2019. Gold prices got shot in the arm after US Federal Reserve chief warned that a full recovery of the US economy could drag through 2021.
India is the world’s most “open and investment friendly” economy, Prime Minister Narendra Modi said here on Thursday as he wooed the BRICS business leaders, urging them to invest in the country and take advantage of its “limitless” possibilities and “countless” opportunities.
Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on Wednesday. Alibaba’s listing would boost Hong Kong’s status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city’s bourse fell behind the New York Stock Exchange and Nasdaq this year amid months of anti-government protests that have roiled the Asian financial hub.
President Donald Trump has often said things he perhaps shouldn’t have and repeatedly has disclosed sensitive information as president. On Wednesday, he did it again, appearing to confirm that the United States has nuclear weapons in Turkey.
One of the bummers of buying a non-Pixel Android smartphone is that you are beholden to your manufacturer for Android updates. In other words, Google devices typically get giant upgrades like Android 10 first, and you have to sit and be envious until you get your shot—possibly months after the fact—if you splurged for a Samsung or Huawei device, to name a few.
Indian-American economist Abhijit Banerjee, who jointly won the 2019 Nobel Economics Prize with Esther Duflo and Michael Kremer, said Monday that the Indian economy is “doing very badly” even as the government is increasingly recognising that there is a problem.