Ashwani Kumar Harit
Crude oil prices traded absolutely sideways on Tuesdays session where Rs 4,100 proved to be a strong immediate support where only a close below could bring more selling pressure over short term but for intraday we might expect a bounce back until Rs 4,200 levels.
related news Oil tumbles....More>>>
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For the first time ever, one bitcoin is worth more than an ounce of gold. According to a CNNMoney....More>>>
Starbucks Corp. (NASDAQ: SBUX) released fiscal first-quarter financial results after markets closed Thursday. The company said that it had $0.65 in earnings per share (EPS) and $6.1 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $0.57 in EPS and $6.18 billion in revenue. The same period from last year had $0.52 in EPS and $5.73 billion in revenue.
It’s hard to tell what shape China’s nascent biotechnology industry is going to take, but a population of around 1.4 billion suggests it will be big. In fact, you’ll find more diabetics in China right now than angry soccer fans in Germany.
Even if you’re not investing directly in Chinese biotech stocks, there isn’t a drugmaker on the planet that won’t be....More>>>
ChinaRock Capital Management has rewarded investors in its five-year-old venture capital fund with 27 times their initial outlays by scoring huge returns from financing start-ups involved in everything from artificial intelligence to ride sharing.
The $37.5 million CRCM Opportunity fund has distributed more than $1 billion since it was set up in 2013, Toby Zhang, a venture capital partner....More>>>
Shares of Micron (MU ) gained nearly 5% in early morning trading Monday after the memory-chip maker lifted its earnings and revenue guidance for its fiscal third quarter. The move also came on the back of news that tariffs between the U.S. and China were being put on hold amid optimistic discussions between the two nations.
Micron said it now expects Q3 revenue in the range of $7.70 billion....More>>>
China’s trash import ban is giving the global recycling industry an enormous headache. The flip side: the world has finally been forced to rethink its approach to waste.
Beijing has last year banned the imports of 24 varieties of solid waste, including types of plastic and unsorted paper. On Friday, it extended the ban to dozens more types of recyclable materials, including steel....More>>>
China’s sprawling local government financing system needs “crucial” reforms to increase consumption, build prosperity and encourage economic rebalancing, the International Monetary Fund said.
Among the IMF’s recommendations is to fund local governments by imposing recurring property taxes and adding local surcharges to national individual income taxes.
China’s already massive rail network is about to get even bigger.
The country’s top economic planning agency has approved a 247 billion yuan ($36 billion) plan to better connect Beijing to the port city of Tianjin, as well as cities in neighboring Hebei Province.
The proposal calls for nine new rail lines stretching more than 1,100 km (680 miles) to be completed by....More>>>
As concerns about Gilead Sciences (GILD) mount, Maxim’s Jason Kolbert are bullish on the biotech giant’s HIV franchise but not enough to change his Hold rating on the stock:
We recently spoke with GILD management about the launch of Genvoya and other HIV products. Our model now factors in our forecast for patient switch trends from other Gilead products....More>>>