Gold Silver Reports (GSR) – U.S.- China Trade Fight Unfolds as Diplomats Spar in Geneva – China’s “trade-distorting policies” represent a “threat to the international trading system,” Deputy U.S. Trade Representative Dennis Shea said in Geneva on Friday during his first public comments on the matter. China’s technology transfer policies harm every WTO member and industry that “relies on technology for maintaining competitiveness in world markets.”
Gold Jewelers in India are Expecting a Cool Reception in the Short Term
Gold Silver Reports (GSR) – Gold Jewelers in India are Expecting a Cool Reception in the Short Term — Joyalukkas Group has put an initial share sale of its jewelry business on hold and will revisit the proposal after national elections next year, Baby George, chief executive officer of the Kerala-based company, said in an interview Thursday. The fraud claims also have seen banks review funding for the gem and jewelry sector, he said. Gold jewelers in India are expecting a cool reception in the short term to any plans to publicly trade shares in the wake of an alleged $2 billion fraud by jewelers Nirav Modi and Mehul Choksi.
Maruti Suzuki Stock Rises Ahead Of March Quarter Earnings
Gold Silver Reports (GSR) – Maruti Suzuki Stock Rises Ahead Of March Quarter Earnings – Shares of the country’s largest car maker rose as much as 1.8 percent to Rs 9,109.75 ahead of its March quarter earnings.
Expect Earnings Growth In High Teens This Year: Mark Matthews
Gold Silver Reports (GSR) – Expect Earnings Growth In High Teens This Year: Mark Matthews – Mark Matthews, head of research (Asia) at Bank Julius Baer in a conversation, Indian companies to report robust earnings this quarter.
Cyient Swings After Acquiring Semiconductor Firm
Gold Silver Reports (GSR) – Cyient Swings After Acquiring Semiconductor Firm – Shares of the software developer fluctuated between gains and losses and fell 1.5 percent to 750.10 as of 9:35 a.m. The company acquired semiconductor firm Ansem N.V. in an all-cash deal worth $17 million, according to its stock exchange filing.
Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters
Gold Silver Reports (GSR) – Biocon Snaps Three-Day Gains Despite Posting Profit After 5 Quarters – Shares of the Bangalore-based bio-pharmaceutical company fell as much as 1.8 percent, the most since April 4, to Rs 651.35 after its net profit rose for the first in five quarters.
Key earnings highlights:
🔥 Revenue up 26 percent at Rs 1,169.5 crore.
🔥 Net profit up 2 percent at Rs 130 crore.
🔥 Ebitda up 24 percent at Rs 232.5 crore.
🔥 Margin at 19.9 percent versus 20.3 percent.
A New History Starts Now’ as Leaders of Two Koreas Meet
Gold Silver Reports (GSR) – ‘A New History Starts Now’ as Leaders of Two Koreas Meet — Scenes of Moon and Kim joking and walking together marked a striking contrast to last year’s barrage of North Korean missile tests and its largest ever nuclear test that led to sweeping international sanctions and fears of a fresh conflict on the Korean peninsula.