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Tag: ahead

Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data

Dollar Firms Ahead of What is Expected to Be Strong US Jobs Data

Finance
Shutterstock photoThe US dollar is firm but is not going anywhere quickly.   The lack of fresh interest rate support and uncertainty over the US tax proposals, which the Brady, the Chair of the House Ways and Means Committee hopes to have a revised version out after the weekend so the committee work can begin on Monday.   The popular press seems to focus on some objections by Democrats, but this misses the point.   The Republicans hope to pass tax reform without relying on Democrats.  It is the same strategy employed for health care reform, and the problem then and the challenge now is within the Republican Party and its constituencies.  A wing of the GOP wants no increase in the deficit, and another wing wants lower taxes.  Immediately upo...
Bharat Financial Inclusion preparing pitch for diversification ahead of merger

Bharat Financial Inclusion preparing pitch for diversification ahead of merger

Finance
KOLKATA: Bharat Financial Inclusion, which will soon be merged with IndusInd Bank, is in the process of diversifying into two-wheeler loans and home loans which may help it de-risk the asset portfolio from a monoline micro loan business. Managing Director MR Rao said the new loan products will be offered to existing customers to grow in size but microfinance will remain its core focus and will be crucial to get new customers. “It (diversification) is not a defence mechanism. It has always been a part of a larger plan. We are getting ready to offer more products to our existing customers who have the ability to repay,” Rao said in an exclusive interview. Post-merger, Bharat Financial will work as a business correspondent for the Hinduja group promoted IndusInd while its entire loan por
Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Weighing The Week Ahead: Can Earnings Season Spark A Big Year-End Rally?

Finance
Shutterstock photoBy Jeff Miller :After last week's avalanche of economic data, the calendar is back to normal. More important is the onset of earnings season. Recent data have reassured many observers about the health of the U.S. economy. The period of seasonal weakness is ending. Expect people to be asking:Can this earnings season lead to a big year-end rally?Last Week RecapMy expectation for last week concerned the relationship between economic and stock market strength. That discussion might come another day, but last week's attention was focused on Las Vegas.The Story in One ChartI always start my personal review of the week by looking at this great chart from Doug Short via Jill Mislinski. She notes the gain of 1.18% on the week, as well as other key comparisons. Once again, it was a...
Antonio Conte believes Chelsea have been 'penalised' by the Premier League schedulers ahead of Manchester City clash

Antonio Conte believes Chelsea have been 'penalised' by the Premier League schedulers ahead of Manchester City clash

Sports
Head coach Antonio Conte believes Chelsea have been "penalised" by the Premier League fixture schedulers who have granted his side just one full day's preparation for Saturday's clash with Manchester City.Chelsea claimed a last-gasp 2-1 win at Atletico Madrid on Wednesday night to top Champions League Group C with two wins from two games.The Premier League champions play City at 1730BST on Saturday. Pep Guardiola's side beat Shakhtar Donetsk 2-0 at the Etihad Stadium on Tuesday night, while Chelsea are expected to return to London at around 0400BST on Thursday morning following their post-match flight from Madrid."In this case I think we are a bit penalised," Conte said."To have only one day to prepare for this type of game is not right."Honestly I'm very surprised to see that this big gam...
Chelsea boss Antonio Conte insists Arsenal are a 'big rival for the title' ahead of derby clash

Chelsea boss Antonio Conte insists Arsenal are a 'big rival for the title' ahead of derby clash

Sports
Antonio Conte will face Arsene Wenger on SundaySaturday, September 16, 2017Chelsea head coach Antonio Conte is adamant Arsenal are a Premier League title contender.The Gunners have lost two of their first four matches and the most recent away game prior to their trip to Stamford Bridge was a 4-0 loss at Liverpool, which reignited debate about Arsene Wenger's position as manager.Arsenal have not won at Chelsea since October 2011 and have won two of 21 games against the established top six since the start of the 2013-14 season, but Conte feels the Gunners are a threat."For sure Arsenal is a big rival for the title," he said."If you see their squad you can understand there are a lot of top players. I don't understand why they can't fight for the title."They lost only one player now, (Alex) Ox...