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The Tell: Don’t give up on the reflation trade just yet, says Deutsche Bank
Getty Images Investors might be giving up on the so-called reflation trade too soon, according to Deutsche Bank. It isn’t like investors are oblivious to risks on the horizon. In a Thursday note, Deutsche Bank economists acknowledged that the market has learned to contend with geopolitical tensions... Read more
In a lab deep within Tata Consultancy Services’ landscaped campus in the western Indian city of Pune, 16 recent graduates are experimenting with new technologies that are shaking up a flagship national industry. TCS, the largest of India’s powerful IT services companies, set up the lab 18 months ago to... Read more
Need to Know: Get ready for a Trump trade reboot — here’s what could set it off
Just when, if ever, is this postelection rally going to get its second wind? It’s a question that’s been nagging at investors for weeks now, months after. The so-called reflation trade sent stocks higher late last year, on hopes for stimulative policies from a newly elected U.S. President Donald... Read more
Bank of America produced its third successive rise in quarterly profits on the back of Wall Street’s trading resurgence and a long-awaited rise in interest rates, a sign that it is making a sustained turnround after years of post-crisis underperformance. The second-biggest US bank by assets on Tuesday reported... Read more
In One Chart: Election-battered Mexican peso is now on the verge of a bull market
The Mexican peso’s performance since the beginning of the year is a fantastic example of how quickly circumstances can change in the volatile world of emerging markets. For a brief few weeks after President Donald Trump’s upset victory in the Nov. 8 U.S. presidential election, the peso was the... Read more
Taiwan’s Foxconn has approached Apple about a potential joint bid for Toshiba’s flash memory business in what could be a $28bn takeover battle. According to two people with knowledge of the talks, Foxconn — officially know as Hon Hai Precision Industry — has sought the backing of the iPhone... Read more
Economic Preview: Economy’s first-quarter blues likely to give way to spring greens
Getty Images Rising sales of new and previously owned homes point to a U.S. economy still expanding at a solid pace despite an expected first-quarter disappointment in GDP. The U.S. economy has usually started slow since a recovery began almost eight years ago, and 2017 looks like no... Read more
North Korea launched a ballistic missile early on Sunday, but the rocket exploded almost immediately, in an embarrassing failure that came one day after the regime in Pyongyang displayed several new missiles for the first time in a military parade. According to the Pentagon, North Korea launched the missile... Read more
That time when a Nobel Prize–winning economist got unceremoniously ejected from a United flight
When it comes to overbooked flights, no one is safe. Beginning Sunday evening, a video went viral of a man who said he was a doctor, being forcibly removed, or “re-accommodated,” from a United Airlines flight at Chicago’s O’Hare International Airport because the flight was overbooked, a common practice... Read more
US consumer prices unexpectedly weakened last month and a sharp drop in automobile sales suggested Americans were reining in their spending, casting fresh doubt on expectations for ‘Trumpflation’ that has driven a post-election market boom. The bout of disappointing data issued on Friday was the latest to dent hopes... Read more