What is common between Omarosa Manigault Newman, Steve Bannon, Rex Tillerson and Gary Cohn? If you are still groping for an answer; all of them were close aides of Donald Trump but had either resigned or were asked to leave in the last 6 months. Normally, exits from the hallowed portals of White House are …
Recently the global market capitalization of all listed stocks across the world touched a high of $72 trillion. Interestingly, the world market cap had touched a high of $67 trillion way back in 2007 at the peak of the global equity boom. When the sub-prime crisis struck and later Lehman went bust the global contagion …
In the latest meet of the Federal Open Market Committee (FOMC), the board of the Fed opted to maintain status quo on rates. Thus the Fed rate remains in the range of 0.75% to 1.00%. It may be recollected that the Fed rate was hiked in December 2015 for the first time after a gap …
The US Federal Reserve (Fed) announced on 24th May the minutes of the Fed meet held on 03rd May 2017. It may be recollected that in the May 03rd FOMC meet the Fed had chosen to maintain status quo on rates. The big debate now is over the number of rate hikes that the Fed …
The last time that the Chinese economy was downgraded by a rating agency was nearly 3 decades back in 1989. That was in the immediate aftermath of the Tiananmen Square massacre where the Red Army had rolled its tanks over a student protest resulting in the death of 10,000 students. Since the early 1990s, China …
As we herald a new year, the real action could be on the global front. Year 2016 was quite eventful. On the political front, Donald Trump was elected as the president of the US against all odds. Surprisingly, Britain voted in favour of moving out of the EU (popularly called BREXIT). On the economic front, …
A full 2 months after Trump was elected as the 45th President of the US, he addressed the press for the first time on January 11th 2017. There were a lot of hopes and expectations built around the Trump speech as key announcements were expected. However, it needs to be said that while the speech …
With the UK Prime Minister, Theresa May, officially sending the letter for exiting the EU to the European Union, the process of UK seceding from the European Union has officially begun. The BREXIT vote went through in June 2016 and the actually process of UK exiting the EU has started exactly 9 months later. From …
The Purchasing Manager’s Index (PMI) is released for the previous month by IHS Markit on the 01st of next month. On November 01st, the IHS Markit released the PMI numbers for major world economies. So, what is the PMI all about? PMI is basically a barometer of the health of the manufacturing sector. The PMI …
Last week, pharma stocks were among the worst performers on the bourses, with the NSE pharma index falling by nearly (-9.09%). The trigger was an investigation that had been launched by the US Department of Justice into generic drug companies operating in the US. According to the US department of Justice (DOJ), many of these …
