Asia To Dominate Davos Virtual Forum As Virus-hit West Struggles
Asia to dominate Davos virtual forum as virus-hit West struggles
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Google Threatens To Block Australians Over Media Law
Google threatens to block Australians over media law
Portugal To Elect President With Country In Lockdown
Portugal to elect president with country in lockdown
Japan’s MUFG Bank to introduce fees on dormant accounts from July
TOKYO -- The banking unit of Japan's Mitsubishi UFJ Financial Group Inc said on Friday it would introduce maintenance fees on dormant accounts from July, in a fee system overhaul to ride out the impact of profit decline. Read More
Australia shoppers pull back in December, outlook still strong
SYDNEY -- Australian retailers suffered their biggest sales drop in eight months in December, recoiling after consumers brought forward their Christmas shopping although timely card spending data by banks point to a rebound in the New Year. Read More
Hong Kong to place tens of thousands in lockdown for first time – report
HONG KONG -- Hong Kong will place tens of thousands of its residents in a lockdown to contain a new outbreak of the coronavirus, the first such measure the Chinese-ruled city has taken since the pandemic began, a local newspaper reported on Friday. Read More
Copper dips as China’s rising COVID-19 cases spook demand outlook
HANOI -- Copper prices fell on Friday on worries that demand from top consumer China will be dampened due to the country's rising coronavirus cases that could trigger further restrictions. Read More
Alphabet shutting down Loon, which used balloon alternative to cell towers
OAKLAND -- Google parent Alphabet Inc is shutting down its internet balloon business, Loon, which aimed to provide a less expensive alternative to cell towers, saying on Thursday that "the road to commercial viability has proven much longer and riskier than hoped." Read More
Analyst Corner: Maintain ‘neutral’ on IRB Infra with TP at Rs 122
IRB’s consolidated financials are not comparable Y-o-Y due to the monetisation of nine assets through the InvIT route and consolidation of the Mumbai-Pune Phase II project.
Maintain ‘buy’ on APSEZ with revised FV of Rs 600
We reduce our cost of equity assumption for Adani Ports to 12.75% from 13.25% and bring monthly volume run-rate for FY2022 to levels reported in December 2020. Retain ‘buy’ with revised FV of Rs 600 (from Rs 535 earlier).