In-Depth: Chinese Cities Struggle With Public Hospital Ownership Reform

Caixin Global | Apr 15, 2019 at 11:20 AM
  • Suqian in Jiangsu province and Luoyang in Henan were previously considered the best examples of market-oriented reform of public hospitals in China.
  • Hospitals were urged to make “in-depth exploration and bold trials” to “strive for breakthroughs”.
  • Faced with insufficient public funds and widespread losses in a public hospital system that depended on drug rebates for income, the local government pushed 14 public hospitals to transform into private, employee-owned, nonprofit hospitals.


Trump is slamming the Fed again, saying stocks should be 5,000-10,000 higher

Financial Post | Apr 15, 2019 at 11:17 AM
  • President Donald Trump, renewing his attack on the Federal Reserve, claimed the stock market would be “5000 to 10,000” points higher had it not been for the actions of the U.S. central bank.
  • Trump picked Powell as Fed chairman, replacing Janet Yellen, but later indicated that he regretted the decision, and in late 2018 discussed the feasibility of firing him before appearing to decide against it.
  • The benchmark S&P 500 Index closed Friday at 2,907.41, less than one percent below its record high close from September.


Xinhua summary of Asia-Pacific stocks news at 1100 GMT, April 15

Xinhua News Agency | Apr 15, 2019 at 11:12 AM
  • Chinese shares closed lower on Monday, despite strong performance in the morning session.
  • The benchmark Shanghai Composite Index ended 0.34 percent lower at 3,177.79.
  • Turnover totaled 110.00 billion Hong Kong dollars (about 14.03 billion U.S. dollars).


Sensex ends 139 points higher; TCS rallies nearly 5%

Times of India | Apr 15, 2019 at 11:08 AM
  • Equity benchmark Sensex added another 139 points on Monday, marking third straight session of gains, as encouraging start of the earnings season by IT major TCS boosted investors’ sentiment.
  • IT bellwether TCS soared after the company Friday reported a 17.7 per cent growth in consolidated net profit at Rs 8,126 crore for the March 2019 quarter.
  • Infosys posted a 10.5 per cent rise in consolidated net profit at Rs 4,078 crore for the March 2019 quarter, and guided towards 7.5-9.5 per cent growth in revenue for FY 2019-20.

Russian Federation

Bastion to be armed with hypersonic missile

TASS Russian News Agency | Apr 15, 2019 at 11:02 AM
  • The Russian Defense Ministry will have a battalion of mobile coastal Bastion missile launchers ahead of time.
  • Bastion designer NPO mashinostroeniya operates along three guidelines – cruise missiles, spacecraft, and ballistic missiles.
  • The development of coastal missile launchers corresponds to the global trends in missile arms.

United States

Two Words To Help You Sleep Well At Night: Real Estate

Seeking Alpha | Apr 15, 2019 at 11:00 AM
  • The history of recessions in the United States shows that they are a natural, though painful, part of the business cycle.
  • Thus, when interest rates fall during recession long bonds tend to appreciate a lot due to both falling rates and a flight to safety (plus any central bank quantitative easing that might occur).
  • Thus, anyone betting their future (and the ability to pay the bills) on the idea of selling blue-chip REITs at a profit during a bear market is potentially risking financial calamity.


Markets Update: Earning seasons kicks off

Business & Finance | Apr 15, 2019 at 10:59 AM
  • Markets were mixed as global growth concerns outweigh positive earnings, writes Ian Slattery.
  • Markets were mixed overall for the week as lower IMF growth projections weighed on international investors, whilst US investors were buoyed somewhat by earnings and the lowest weekly jobs claims figure in 60 years.
  • Gold and Copper prices finished the week at $1,290 per troy ounce and $6,464 respectively.


Prices of most capital goods drop

Xinhua News Agency | Apr 15, 2019 at 10:57 AM
  • Of the 50 major means of production monitored by the government, including seamless steel tubes, gasoline, coal, fertilizer and some chemicals, 28 goods saw their prices fall.
  • Coal products and forestry products saw their prices drop or remain flat in general.
  • The reading, released every 10 days, is based on a survey of nearly 1,700 wholesalers and distributors in 24 provincial-level regions.


Indian markets close higher

Xinhua News Agency | Apr 15, 2019 at 10:23 AM
  • Indian markets closed higher Monday.
  • The benchmark S&P, BSE Sensex closed at 38,905.84, 138.73 points or 0.36 percent up compared to its previous close at 38,767.11.