Gold Silver Reports (GSR) – Karnataka Election Results 2018, INDIA Keey Eye on 10 Things — The Karnataka assembly election is a three-cornered battle between the Congress, the Bharatiya Janata Party and Janata Dal (Secular). The race is to get to a majority of 113 seats in the 224-member assembly. All three parties have been in power at some point in the last over 15 years, either in alliance with each other or on their own.
Global Economic
Karnataka Election 2018 Exit Polls Predict Split Verdict With BJP In The Lead
Gold Silver Reports (GSR) – Karnataka Election 2018 Exit Polls Predict Split Verdict With BJP In The Lead – The poll of exit polls say the BJP will get 100 seats and the Congress 90 seats – considerably below the 113 needed for majority for the 222 seats on which elections were held today. It gives 30 seats to the JD(S). The counting of votes will take place on Tuesday.
Foreign Investors Can Invest In T-Bills, Says RBI
Gold Silver Reports (GSR) – Foreign Investors Can Invest In T-Bills, Says RBI — As per the revised framework, foreign investors can invest in government debt without any residual maturity restrictions. In 2014, the RBI has said that foreign investors can only invest in government securities with a residual maturity of three years. The restriction had been put in place after foreign investors sold short term Indian debt heavily once the U.S. Federal Reserve indicated that it will start to taper down its quantitative easing program.
Defendants Include Goldman Sachs (Asia) LLC, Deutsche Bank AG, ING Bank NV
Gold Silver Reports (GSR) – The defendants include Goldman Sachs (Asia) LLC, Deutsche Bank AG, ING Bank NV, as well as Taconic Capital Advisors LP, Davidson Kempner Capital Management LP, Och-Ziff Capital Management Group LLC, Strategic Value Partners LLC, BFAM Partners (Hong Kong) Ltd., Varde Partners Asia Pte, Arkkan Capital Management Ltd., Cowell & Lee Advisors Ltd. and Attestor Capital LLP.
Goldman Sees the Australian Dollar Falling to 72 Cents; Report
Gold Silver Reports (GSR) – Goldman Sees the Australian Dollar Falling to 72 Cents – The Aussie will decline to 72 U.S. cents by year-end as restrained economic growth and inflation mean the Reserve Bank of Australia will take a “few years” to catch up with the Federal Reserve in raising borrowing costs, said Philip Moffitt, Asia-Pacific head of fixed income in Sydney at the firm, which oversees more than $1 trillion.
Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities
Gold Silver Reports (GSR) – Trump Says Kim Jong Un Summit Location Narrowed to Two or Three Possibilities — “I don’t think he’s playing,” Trump said Friday of Kim. The North Korean leader earlier Friday held a historic meeting with South Korean President Moon Jae-in, where the two agreed to work toward formally ending their war and pursue the “complete denuclearization” of the Korean Peninsula.
U.S.- China Trade Fight Unfolds as Diplomats Spar in Geneva
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.”