Gold Silver Reports (GSR) – Jet Airways Rises On Buying 75 Boeing Planes – Shares of the Mumbai-based airline rose as much as 1.57 percent to Rs 384 after it purchased 75 of Boeing Co.’s 737 Max aircraft for about $8.8 billion as it looks to continue rapid expansion in the world’s fastest-growing major aviation market.
Rupee Seen Opening Lower Around 68.14/$
Gold Silver Reports (GSR) – Rupee Seen Opening Lower Around 68.14/$ — The Indian rupee could come under pressure as global investors turn risk averse amid continued worries about an escalating exchange of trade and investment restrictions, triggered by the Trump administration. Asian stocks extended a decline which could see portfolio outflows from Indian markets and which in turn could weigh on the rupee, traders said.
Abandoned Power Plant a $38 Billion Warning Sign for India Banks
Gold Silver Reports (GSR) – Abandoned Power Plant a $38 Billion Warning Sign for India Banks — Like many of India’s power stations, the Jharkhand project had all the markings of success when a group led by State Bank of India lent about $700 million five years ago to build it. There’s abundant coal and water in the area, a rail track was set to run through the premises, and its promise of 1,080 megawatts of electricity was alluring in a country that faces persistent power shortages and blackouts.
Focus Stocks: Jet Airways, Oil India, United Spirits
Gold Silver Reports (GSR) – Focus Stocks: Jet Airways, Oil India, United Spirits — Shares opened lower in Japan and fell in Australia and South Korea, while futures signaled losses for Hong Kong equities after the S&P 500 Index had its biggest slide since April and European bourses declined.
Atlas Jewellery are Set for Their Biggest Monthly Gain
Gold Silver Reports (GSR) – Atlas Jewellery are Set for Their Biggest Monthly Gain – M.M. Ramachandran was released on bail in June more than two years after a Dubai court sentenced him to three years for defaulting on loans. He said the company has paid off part of the money owed to a consortium of banks by selling some assets in Oman.
Futures Signaled Losses for Stock Indexes in Japan
Gold Silver Reports (GSR) – Futures signaled losses for stock indexes in Japan, Hong Kong and South Korea after the S&P 500 Index followed European bourses lower. Reports that the U.S. Treasury will propose limits on Chinese technology investment damped sentiment, though stocks did recoup some losses as National Trade Council Director Peter Navarro said there were no plans to impose restrictions. The dollar weakened and 10-year Treasury yields fell to the lowest in more than three weeks.
