August 13, 2019

Host of global worries drive European shares lower

European shares fell on Tuesday, as a slew of economic and geopolitical worries including Italy and Argentina's political uncertainty and unrest in Hong Kong, compelled investors to take refuge in safe harbors like bonds and gold. The pan-European STOXX 600 index fell 0.3 per cent by 0715 GMT, with the bank-heavy Milan and Madrid indexes leading losses. Markets, already reeling from fears that the United States and China may not end their bitter trade-war anytime soon, were distressed further as Argentina's currency crashed, unrest in Hong Kong intensified and Italy's political worries deepened. The dour mood in general has seen bond yields dive and banks take a beating, with European lenders leading sector declines. Corporate news was light as the second-quarter earnings season draws to a close. Henkel shares slid 4 per cent after the German consumer goods company lowered its full-year outlook for sales and earnings, but German meal-kit delivery firm HelloFresh jum..
August 13, 2019

Greenspan says ‘there is no barrier’ to negative yields in the US

Former Federal Reserve Chairman Alan Greenspan said nothing is stopping the U.S. from getting sucked into the global trend of negative yielding debt, Bloomberg reported Tuesday. "There is international arbitrage going on in the bond market that is helping drive long-term Treasury yields lower," Greenspan said in a phone interview. "There is no barrier for U.S. Treasury yields going below zero. Zero has no meaning, beside being a certain level." With global central banks engaging in unprecedented monetary easing, a record $15 trillion of government bonds worldwide now trade at negative yields. As uncertainty reigns, investors are looking for a safe haven for their money, even if it means getting back less than they gave. "Why people continue to buy long-term Treasurys at such low yields may be also due to forces having altered people's time preferences," Greenspan said. "But there is hundreds of years of history showing the long-term stability in time preference, so these changes..
August 13, 2019

Smartphones and sensors could spell an end to ticket lines at transport hubs

Tech is changing the way we pay for goods and services.
August 13, 2019

Argentina’s stock market and currency sell-off triggers risk of contagion, analysts warn

Argentine President Mauricio Macri, who has been defeated in the primary elections for the reelection, during a press conference at the Casa Rosada, the government house, in Buenos Aires, Argentina, Monday, Aug. 12, 2019.Mario De Fina | NurPhoto | Getty ImagesThe risk of contagion has flared-up following a stock market and currency crash in South America's second-largest country, analysts told CNBC on Tuesday. Argentina's President Mauricio Macri lost by a far greater margin than expected in primary elections on Sunday, casting serious doubt over the incumbent's re-election chances in October. The surprise result set off a shockwave in financial markets, with the peso closing 15% weaker at 53.5 per U.S. dollar and Argentina's stock market plunging more than 30%. It marked the second-biggest one day slump anywhere since 1950, Reuters reported. Andrea Iannelli, investment director at Fidelity International, told CNBC's "Squawk Box Europe" on Tuesday that it was h..
August 12, 2019

Full text: Mukesh Ambani speech to RIL’s 42nd AGM

My Dear Shareowners, Avery warm good morning to each and every one of you. It gives me great pleasure to welcome you to the 42nd Annual General Meeting of Reliance Industries Limited. The Company's accounts for the year ended March 31, 2019, along with the Directors' and Auditors' report, a Letter to the Shareholders, and Management's Discussion and Analysis, have already been circulated to you. With your permission, I would like to take them as read. 1. Business and Financial Performance Dear Shareholders, In the Golden Decade of Reliance, I am proud to inform you that it was yet another year of robust and record performance. Reliance became India's largest and most profitable company - both in public and private sectors. We are the only diversified multi-sector Indian enterprise with three major growth engines in one single corporate entity– Oils to Chemicals division, Jio and Retail. All three have done exceedingly well in the past year. We are ..
August 12, 2019

Ambani pledges a zero net-debt RIL in 18 months, promises big bonus & dividends

Reliance Industries Chairman Mukesh Ambani on Monday tried to assuage investor concerns over the group's rising debt levels, saying the group has a clear roadmap to become zero net-debt company in 18 months. The group ended last financial year with a net debt of Rs 1,54,478 crore. Addressing the group's 42nd AGM in Mumbai, Ambani said he was confident of growing the company's consolidated EBIDTA 15 per cent annually over the next five years. He said the group's telecom vertical Reliance Jio and retail venture Reliance Retail would account for 50 per cent of the company's EBITDA soon. He promised that the company would reward shareholders abundantly with periodic bonus issues and higher dividends and other means once it becomes debt-free. Shares of the company are up 20 per cent since the last AGM in July 2018, but have underperformer Nifty by 11 per cent over the past three months. The stock is down 9 per cent in last one month. The company accumulated gros..
August 12, 2019

Reliance Retail to connect kirana stores digitally soon

Reliance Industries' Chairman Mukesh Ambani on Monday said beta trials of Reliance Retail's much-awaited digital commerce venture have delivered promising results and the company would soon unveil Reliance New Commerce, integrating merchants, consumers and producers through a new digital platform. The move is aimed at digitally empowering kirana stores, including those in smaller towns. "Reliance Retail has brought a retail revolution in India," Ambani said. Addressing shareholders at the 42nd AGM, he said the retail arm would be one of the key growth engines in the group's scheme of things. "Reliance Jio and Reliance Retail will account for 50 per cent of the company's EBITDA soon," he said.. He said the retail business grew phenomenally last year and now has presence in 7,000 cities. Two-third of Retail Retail stores are in tier II, III and IV cities, he said. The retail business crossed Rs 1.30 lakh crore in revenue last year and serves more than 1 lakh custom..
August 12, 2019

Rel Jio, Microsoft join hands to offer cloud infra for businesses

Reliance Jio and Microsoft announced a partnership on Monday to what they called accelerate the digital transformation in India. Under the deal, Microsoft will bring in the Azure Cloud on Jio Network targetting the enterprise and business users seeking a technological shift. "Together, we will offer a comprehensive technology solution," Microsoft CEO Satya Nadella told the RIL AGM in a live address. Announcing the tieup, RIL chairman Mukesh Ambani also announced free connectivity for budding startups. He said Reliance Jio is ready to take away the cost of connectivity and cloud infrastructure completely for budding startups. Ambani said Jio will offer comnectivity and applications to MSMEs starting at Rs 1,500 per month. He said Jio will also invest in select stratups. "We are at the end of the beginning of the Jio story," Ambanis said.
August 12, 2019

Jio Fiber rollout from Sept 5 @ Rs 700 a month; IOT launch on Jan 1, 2020

Reliance Industries on Monday said Reliance Jio has logged some 15 million registrations across 1,600 towns for Jio Fiber so far, as it prepares to complete the rollout of the home broadband service over the next 12 months. Addressing the company's 42nd annual general meeting (AGM), Chairman Mukesh Ambani said Reliance Jio is aiming to connect 1 billion homes on Jio IOT (internet of things) platform, which he identified as a more than Rs 20,000 crore revenue opportunity. Ambani said Jio is signing almost 10 million users every month. Ambani said Jio Fiber services will be available from September 5, 2019, while the IOT business will be launched from January 1, 2020. Besides IOT, Reliance Jio is also preparing to foray into three other verticals, including home broadband, Enterprise and MSME broadband. Reliance Jio also plans to unveil a set-top box for Cable TV broadcasting. Ambani said the investment cycle in the telecom business has been completed and the company will requir..

Ten sang chanh o nha cho be 2017-2018free vector for designbest game android 2017 free download apkDownload theme wordpress free 2017Co Embed reviewsCo Embed reviewsMy Bikini Belly Program Reviews