Gold Silver Reports (GSR) – Trump Praises China’s Xi’s Trade Speech, Easing Tariff Tensions – “Very thankful for President Xi of China’s kind words on tariffs and automobile barriers,” Trump said on Twitter. “Also, his enlightenment on intellectual property and technology transfers. We will make great progress together!”
Economic
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U.S.-China Tensions May Put Up to $400 Billion in Investment at Risk
Gold Silver Reports (GSR) – Chinese investment into the U.S. slumped last year to $29 billion from $46 billion, as the Asian nation restricted outbound capital and the Trump administration took a tough stance on deals, according to the report Tuesday from New York-based research firm Rhodium Group and the National Committee on U.S.-China Relations. U.S. investment into China was little changed at $14 billion.
Future Supply Chain Rises After RBI Hikes FPI Limit
Gold Silver Reports (GSR) – Future Supply Chain Rises After RBI Hikes FPI Limit — Shares of the Mumbai-based logistics service provider rose as much as 3.8 percent to Rs 692.10 after the Reserve Bank of India allowed raising foreign portfolio investment (FPI) limit on the company to 49 percent from …
Trump Hints at Deal on Chinese Trade as Xi Readies Response
Gold Silver Reports – Trump Hints at Deal on Chinese Trade as Xi Readies Response — Trump said his administration will “probably” come to an agreement with China to resolve a dispute that has roiled financial markets and raised fears of a major economic conflict between the nations. The U.S. is considering tariffs on as much as $150 billion worth of Chinese imports, while China has vowed to respond with levies of its own on everything from U.S. soybeans to planes.
Red Alert : Putin Urges Caution After Syria Gas Attack
Gold Silver Reports (GSR) – Red Alert : Putin Urges Caution After Syria Gas Attack – The Kremlin says President Vladimir Putin called for caution in response to a reported poison gas attack in Syria during a phone conversation with German Chancellor Angela Merkel.
Non-Core Asset Sales Gathering Pace, Says IDBI Bank
Gold Silver Reports (GSR) – Non-Core Asset Sales Gathering Pace, Says IDBI Bank — “We have been able to unlock around Rs 4,000 crore in total [in 2017-18], including the Bandra Kurla Complex building deal,” KP Nair, deputy managing director at IDBI Bank. “Most of the assets will be monetised during 2018-19.”
Consumer Durables Index Gains Led By Titan, Bajaj Electricals
Consumer Durables Index Gains Led By Titan, Bajaj Electricals Shares of most of the consumer durable companies were trading higher led by Titan Company and Bajaj Electricals. Gauge of consumer durable stocks — the S&P BSE Consumer Durables index rose nearly 2 percent.
Bond Yield Falls After RBI Hikes Foreign Investment Limit In Govt, Corporate Bonds
Bond Yield Falls After RBI Hikes Foreign Investment Limit In Govt, Corporate Bonds Yield on the 10-year government bond fell sharply to 7.15 percent after the Reserve Bank of India increased the FPI investment limit in central government bonds to 5.5 percent in 2018-19 from 5 percent in two tranches.
China Foreign Reserves Rise on Yuan Gains
Gold Silver Reports (GSR) – Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate survey of economists. The March figure marks a turnaround after falling in February for the first time in 13 months. The State Administration of Foreign Exchange expects the country’s foreign reserves will remain stable.
U.S.-China Tensions Simmer While Both Say There’s No Trade War
Gold Silver Reports (GSR) – U.S.-China Tensions Simmer While Both Say There’s No Trade War — Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council. “We haven’t yet given China a list of demands on what we want,” Kudlow told reporters later on Friday at the White House. “We haven’t done that but such a list is under discussion.”