Adrian Mowat of JPMorgan believes China is far from being in recession. He bases his argument on the strong data coming out of the country that shows that auto sales have risen 8% and home sales are up 20% this year
Posts tagged MC
China far from recession, auto sales up 8% this year: Mowat (10-09-2015)
Intend to increase Bina unit’s capacity to 15 MT: BPCL (10-09-2015)
S Varadarajan, Chairman MD, BPCL says the company’s gross refining margins (GRMs) will be fairly steady and the company will increase its Bina refinery’s capacity to 7.8 million tonne in the near-future and targets 15 MT refining capacity for each of its units.
This is what could tip Fed’s hand (10-09-2015)
After another day of searing volatility, traders will look past economic reports Thursday and the normal triggers of market movements to see if conditions stabilize, creating an environment where the Fed would be more comfortable hiking rates for the first time in more than nine years.
Stocks in news: Piramal Ent, RComm, Bharti, Castex, MRPL (10-09-2015)
Larsen and Toubro | Piramal Enterprises | Cairn India | Reliance Communications | Jindal Steel | Bharti Airtel | NTPC | Aditya Birla Chemicals | Grasim Industries | Amtek Auto | Castex Tech | BPCL | Nestle and MRPL are stocks, which are in the news today.
Chinese premier seeks to quell global markets’ China fears (10-09-2015)
Li conceded that China’s economy was facing downward pressures, but tried to allay concerns that after years of break-neck economic growth it was headed for a hard landing.
Apple-related shares fall after launches fail to impress (10-09-2015)
Taiwan-listed Hon Hai Precision Industry Co., which goes by the trade name Foxconn and is an assembler of the iPhones and iPads, slipped 0.82 percent to TUSD 84.80 at the open.
Carlyle Group buys 37% stake in Metropolis Healthcare (10-09-2015)
An affiliate of Carlyle Asia Partners IV has bought a stake in Metropolis Healthcare Ltd, a multinational chain of pathology laboratories, Carlyle Group said in a statement.
RBI to issue small finance bank licences soon: Mundra (10-09-2015)
The small finance banks can provide basic banking services like accepting deposits and lending to the unbanked sections such as small farmers, micro business enterprises, micro and small industries and unorganised sector entities.
China’s August CPI up 2% on-year, PPI down 5.9% (10-09-2015)
Consumer prices in China have been fueled by rising food costs in recent months, say economists. Outside that, inflation pressures are subdued as a result of low commodity prices, a slow housing market recovery and overcapacity across many sectors of the economy. This is unexpected to change in the near term.
Bull’s Eye: Buy LIC Housing, Amara Raja, sell Wockhardt (10-09-2015)
Manav Chopra of Networth Stock Broking advises buying LIC Housing Finance with a target of Rs 450.