United States

ICICI Bank As A Play On India’s Continued Development

Seeking Alpha | Apr 15, 2019 at 12:14 PM
  • Private companies have a 48% market share in general insurance and 29% in life insurance.
  • ICICI Pru (ICICI Prudential Life Insurance) had an 11.3% market share in its latest quarterly report.
  • ICICI Lombard has the biggest market share of the private general insurance companies.

United States

This earnings season will pack big surprises, and that may be good, according to one market bull

CNBC | Apr 15, 2019 at 12:06 PM
  • Earnings season picks up speed this week with Netflix, Goldman Sachs and IBM among the heavyweights stepping up to the plate.
  • A flat, or inverted, yield curve puts pressure on banks’ profit margins because it limits their ability to borrow cheap and provide longer-term loans at a higher interest rate.
  • Like previous quarters, companies’ outlooks for the rest of the year will likely supersede their earnings results and could lead to big rallies, he adds.

United States

Goldman Trading Revenues Disappoint In Quarter Salvaged By Surge In M&A Deals

Zero Hedge | Apr 15, 2019 at 12:02 PM
  • Following JPMorgan’s across the board beat, and Wells Fargo’s latest disappointing results, moments ago Goldman reported a mixed set of numbers, with the company solidly beating on earnings, as EPS came in at $5.71, above the $4.89 expected, even as revenues disappointed, printing at $8.81BN, below the $8.99BN consensus exp., and down 13% from a year ago.

Canada

Bank of Canada’s Stephen Poloz reinforces perception rates are on hold

Financial Post | Apr 15, 2019 at 12:01 PM
  • Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions.
  • A good indication of how the economy is doing comes later Monday, when the central bank releases the spring edition of its Business Outlook Survey and Senior Loan Officer Survey, the institution’s last major publications before the April 24 rate announcement and quarterly Monetary Policy Report.

United States

IMF likely to delay bailout package to Pakistan as talks for finalising deal still on

Money Control | Apr 15, 2019 at 11:59 AM
  • The IMF’s bailout package to Pakistan could be delayed as both sides are still engaged in an intense conversation to finalise the agreement and the international lending body is seeking details of the CPEC project and a written guarantee from Islamabad that its assistance will not be used to repay loans to China.
  • In July, China also deposited USD 2 billion with the State Bank of Pakistan.
  • The finance minister is likely to visit China on April 25 for talks on the IMF concerns over CPEC and IMF will wait to hear from him before it finalises the bailout package, the daily reported.

United States

Kazakh central bank makes surprise rate cut

Reuters | Apr 15, 2019 at 11:31 AM
  • Kazakhstan’s central bank cut its policy rate by 25 basis points to 9.00 percent on Monday, surprising market players who expected no rate change.
  • Annual consumer price inflation stood at 4.8 percent in March, the same level as in February and down from 5.2 percent in January.