As the administration looks to better days ahead, some economists say the markets may have already hit their rock bottom on March 23, when US stocks ended in the red after the Senate failed for a second time to vote through a coronavirus economic relief package. The package has since been approved. … [Read more...] about US stocks have their best day in two weeks as the Dow closes up 1,627 points and states report coronavirus infections have begun to slow as stay-at-home orders appear to be working
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“Indian equities are significantly up today following positive cues from global markets, consecutive days of decline in intensity of COVID-19 cases and reports from banking sector on healthy growth in advances as well as comfortable deposit position,” Amar Ambani, Senior President and Head of Research, YES Securities, told Moneycontrol. … [Read more...] about Taking Stock: Biggest single-day gain, Sensex back above 30K; what should investors do?
Related Story New WarnerMedia CEO Jason Kilar Talks HBO Max Expansion, Importance Of Tech, Future Of Linear TV & Theatrical Windows AT&T also noted that it has access to a fully committed $15 billion revolver loan already in place that it has no need or plans to draw on in 2020 — but it’s there in case. … [Read more...] about WarnerMedia Parent AT&T Takes Out $5.5B Loan, Assures Wall Street It’s Financially Solid Amid Coronavirus Pandemic
The Government of India Savings (Taxable) Bonds, also referred to as the RBI 7.75% bonds, were first introduced in April 2003 at an interest rate of 8%. The rate was cute down to 7.75% in January 2018. These bonds have suddenly become a very attractive and viable option for investors due to various reasons.The government cut the rates of most small savings schemes on March 31, 2020. After the rate cut, schemes like the Public Provident Fund (PPF) and the Senior Citizens Savings Scheme (SCSS) are now offering a much lower interest rate of 7.1% and 7.4% from the previous quarter of 7.9% and 8.6% respectively. Compared to this, the RBI bonds offer a much attractive interest rate. However, there are a few things for investors to consider.Features of the bond· The interest rate on the bond is calculated annually, whereas it is payable on a half-yearly basis.· The tenure of the bond is 7 years. However, early encashment is allowed for senior citizens aged 60-70 years after 6 years. … [Read more...] about Are the RBI 7.75% bonds an attractive choice now?
“The UK is still a large market for bonds and sterling is still a reserve currency behind the dollar and the euro. And the UK is not different to any other country in needing extra funds to support extra spending. It is not an outlier,” he said. … [Read more...] about Global investors clamour for safe haven in UK government bonds