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text 2020-10-23 02:05
The new policy bans most US business

 

Trump’s revised approach calls for stricter enforcement of a longtime ban on Americans going to Cuba as tourists, and seeks to prevent US dollars from being used to fund what the Trump administration sees as a repressive military-dominated government."But Venezuelan President Nicolas Maduro, whose leftist government is Cubas main regional ally, slammed Trumps tightening of restrictions as an "offence" against Latin America.Trump’s vow to keep the broader decades-old US economic embargo on Cuba firmly in place drew criticism from some US farmers, especially growers of corn, soybeans and rice. He also will not cut off recently resumed direct US-Cuba commercial flights or cruise-ship travel, though his more restrictive policy seems certain to dampen new economic ties overall. Trump based his partial reversal of Obama’s Cuba measures largely on human rights grounds."His speech was aggressive and threatening, revealing his contempt and ignorance," President Nicolas Maduro said in a speech.Laying out his new Cuba policy in a speech in Miami, Trump signed a presidential directive rolling back parts of Obama’s historic opening to the Communist-ruled country after a 2014 diplomatic breakthrough between the two former Cold War foes.

"Its like we are returning to the Cold War," said Cuban designer Idania del Rio, who joined a group of friends in a hotel in Old Havana to watch the speech in English on CNN.O), to manage a historic Havana hotel. This will essentially shield US airlines and cruise lines serving the island.The Cuban government, which has made clear it will not be pressured into reforms, had no immediate comment."Effective immediately, I am cancelling the last administrations bearing classification completely one-sided deal with Cuba," Trump declared as he made a full-throated assault on the government of Cuban President Raul Castro.The new policy bans most US business transactions with the Armed Forces Business Enterprises Group, a Cuban conglomerate involved in all sectors of the economy.Miami: President Donald Trump on Friday ordered tighter restrictions on Americans travelling to Cuba and a clampdown on US business dealings with the Caribbean island’s military, saying he was cancelling former President Barack Obamas "terrible and misguided deal" with Havana.

 

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text 2020-10-14 02:43
This compared with the 5 per cent

 

Such measures could include accelerated government spending on infrastructure projects such as roads, railways, and ports, as well as urban infrastructure such as affordable housing and hospitals," it said."Furthermore, any turnaround in the investment cycle could also be relatively protracted, depending on the ability of the government to accelerate its own infrastructure spending program," it said."This indicates that Indias investment cycle is experiencing a severe cyclical slowdown, as reflected in the further slowing of fixed investment growth during the September quarter," it said."Following the weak GDP outturn for the September quarter, Indian real GDP growth in FY 2019-20 is expected to be slightly below 5 per cent, as it is anticipated that the impact of stimulus measures will take time to filter through to the real economy," IHS said.5 per cent, the weakest in six years with a key contributory factor being a slump in manufacturing output."The construction sector growth also slowed to a pace of 3."Confronted with the sharp slowdown in economic growth momentum, the Indian government will face increasing pressure to roll out additional fiscal measures to bolster manufacturing output and kick-start an upturn in the investment cycle.

The RBI also lowered its GDP growth forecast for 2019-20 from 6.8 per cent in September.A key concern is also the sharp contraction in capital ball bearings Manufacturers goods output, which was down 20.Latest GDP data for July-September quarter showed a significant further moderation in the pace of economic growth to 4.In response to the growth slowdown, the Reserve Bank of India (RBI) has eased policy rates significantly during 2019, with a series of rate cuts since February, while the government announced a large reduction in corporate tax rates in September to help boost new investment spending."Although the RBI has also provided monetary policy stimulus through its monetary policy easing measures, the impact is likely to be more protracted, since monetary policy stimulus effects on the real economy generally act with long lags.7 per cent in September 2019.Furthermore, there are also risks from potential contagion effects from troubled non-bank financial companies (NBFCs) to the balance sheets of some commercial banks, which could further weigh on the overall pace of credit expansion."Financial sector fragilities continue to weigh on Indias economic growth momentum, with the high level of non-performing loans on the balance sheets of the public sector banks, constraining their new lending," IHS said in a report.

"The Indian auto sector has slumped into a crisis, with hundreds of thousands of auto sector workers in the production and distribution segments having been laid off over the past 12 months".IHS said the weakest sector has been auto manufacturing, with output down by 24. Furthermore, the impaired balance sheets of many public sector banks and NBFCs also will dilute the flow-through of monetary policy easing to the economy," it added.Private consumption growth also picked up modestly versus the previous quarter, although it continues to expand at a much slower pace than in the past two financial years, IHS said.7 per cent in the June quarter".8 per cent compared to the 7.5 per cent a year back. This compared with the 5 per cent growth rate registered in the previous quarter and 7 per cent rate recorded a year ago in September quarter of 2018.Measuring GDP from the expenditure side, an important factor supporting the growth was public consumption, which rose by 15.New Delhi: Indias real GDP growth in 2019-20 fiscal is expected to be slightly below 5 per cent as the impact of stimulus measures will take time to filter through to the economy, IHS Markit has said.3 per cent in the September quarter, compared with growth of 5.For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.IHS said given that the process of strengthening bank balance sheets has been slow, taking a number of years already, Indias financial sector problems are likely to remain a drag on the pace of economic growth over the medium-term outlook.1 per cent to 5 per cent on December 5.6 per cent in the September quarter.

 

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text 2020-09-28 01:56
The broader markets underperformed

 

The daily momentum indicator MACD is in sell mode with a hinge and a negative divergence which is a worry in the short term. The momentum is signalling weakness whereas the price has not confirmed, so either avoid before either one confirms or buy with a stop loss of 11950 giving price a benefit of doubt. On the lower side, 12000 and 11950 are two crucial support levels and till those are held the probability of an upside is quite high till 12150-12300 levels.The market remained range-bound on account of weak GDP data and subdued auto sales numbers. In addition, currency and crude price movement will continue to impact investor sentiments.Investors were also cautious ahead of RBI monetary policy to be held this Friday. On the global front, investors are eagerly awaiting a positive outcome of the US-China trade negotiations which could strengthen the rally in the global markets.39 per cent.

Market ViewAjit Mishra, VP — Research, Religare Broking Ltd, said, “The weak Q2GDP data and subdued auto sales numbers is likely to impact the investor sentiments in the short term.Sectorally, buying was seen in telecom, energy, and metals while profit booking was seen in auto, IT, and healthcare stocks.Analysts said market is cautiously awaiting RBI monetary policy especially post weak GDP data.”.”For the index one can trade the range by buying near the lower end and selling at higher end of the range or look to wait for breakout on either side to get into the momentum and short-term direction.The broader markets underperformed as the S&P BSE Mid-Cap Index fell 0.Technical ViewJay Thakkar, CMT Head Technical and Derivatives Research — AVP Equity Research, Anand Rathi Shares and Stock Broker, said, “Nifty has closed in the negative territory in the last trading session for the second consecutive day; however it has managed to close above 12000 levels. All eyes will now be on RBI monetary policy for economic revival measures going forward.The Sensex rose 8 points to 40802 while the Nifty closed 7 wholesale car belt tensioner factory points lower.

 

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text 2020-09-08 02:11
Investors are keenly awaiting

 

On the other hand, indices of oil and gas, FMCG and basic materials were in the red. It, however, closed at 11,713.Mumbai: Rising for the fourth session in a row, the BSE benchmark Sensex on Tuesday added another 185 points to hit an all-time closing high of 39,056 and the NSE Nifty closed above the key 11,700-level on intense buying mainly in auto, IT and banking stocks amid hopes of RBI rate cut.96. The gauge finally settled the day at 39,056.78 points or 0.Similarly, the NSE Nifty opened higher at 11,711.

The RBIs rate setting panel started its 3-day deliberations on Tuesday for the first bi-monthly monetary policy of 2019-20 amid expectations of a cut in key lending rate by another 25 basis points to boost economic activities. Other top gainers were Bharti Airtel, TCS, Bajaj Finance, PowerGrid, IndusInd Bank and State Bank of India -- rising as much as 5 per cent.48 per cent higher.Investors are keenly awaiting the outcome of the RBIs first bi-monthly monetary policy review meeting.69 and a low of 38,846. Sectorally, realty, telecom, auto and IT emerged as prominent gainers.Tata Motors drove the Sensex rally for the second session in a row, surging over 8 per cent.05 points or 0.65, 184. Bucking the overall trend, Bajaj Auto, Sun Pharma, Vedanta, Tata Steel, HCL Tech and HDFC Bank stocks saw intense selling on account of profit-booking.

Besides, domestic markets have a spillover effect of robust global sentiment as investors were encouraged by signs of strengthening economic indicators that showed manufacturing activities in China and the United States improving.The 30-share Sensex started on a positive note at 38,988.57 and swung between a high of 39,121.55 and rose to a record intra-day high of 11,729.Experts believe that hopes of interest rate cut by the wheel bearing repair kits Suppliers Reserve Bank have also aided the recent rally in domestic equities.20, up 44. During the course, it also set its new intra-day record by touching 39,121.35.38 per cent. Asian bourses followed Wall Street gains on Tuesday amid strong indications of improving global macro-economic picture.

 

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text 2020-08-25 02:52
Tata Motors has outperformed

 

However, the base also supports a mounting plate that allows the user to mount it on a ceiling or a wall for a better view of the surveillance area. All set — your camera is ready to eye your house.The Yi Home app is pretty straightforward. You also have a mic and speaker icon on the interface which allows you to hear what is happening in the room under surveillance, or to speak to the person(s) on the other end. Sadly, this camera does not have a sensor that is capable of low light vision and the feed is slightly grainy when the indoor turns a little darker. But when the light goes down further, the night mode kicks in and the IR LEDs light up the surveillance area to give a better view of the surroundings.

Tata Motors has outperformed the industry with a growth of 15 per cent during the April-February period in passenger vehicle sales."The changing market conditions, rising input costs and various external economic factors have compelled us to consider this price increase," Mayank Pareek, President, Passenger Vehicles at Tata Motors had said..Auto analysts said that auto companies resort to such tactics during December when retail sales cool off considerably.Pune: French car giant Renault, which announced up to 3 per cent price hike from next month, is the latest to join the bandwagon to raise car prices in a bid to sell more cars before the financial year-end to ease high inventory levels with dealerships across the country.Last week, Tata Motors, the biggest auto maker by revenues and earlier, Toyota Kirloskar Motors, and British luxury car maker Jaguar Land Rover had said they would all raise prices from April wheel bearing due to rising input costs. However, the growth fell to two per cent in February in line with the rest of the industry.

 

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