Author Archives: Loknath Das

Finance News Update, what you need to know

WORLD FINANCE UPDATE: The Australian share market looks set to open lower following a mixed session on Wall Street with the S&P 500 down as investors worried that US President Donald Trump’s plan to cut taxes and boost the economy could take longer than previously expected At 0705 AEDT on Tuesday, the share price futures index was down 10 points, ... Read More »

3 Stocks I’ll Hold Forever

Long-term investors are likely familiar with Warren Buffett’s declaration that his favorite holding period for stocks is “forever.” While it might be impractical to hold some stocks “forever,” it makes good sense to hold your best stocks for as long as possible to maximize your gains. Today, I’ll discuss three stocks in my portfolio which I could comfortably hold “forever” — ... Read More »

By shifting perceptions, Trump’s already boosting the economy

Perceptions matter. People make decisions, even life-altering decisions, based on what they perceive as likely to happen. To the extent that public policy affects such decisions, the perception of likely policy change can affect behavior even before the change happens. Something like that seems to be happening in America — and around the world. In the two months since President ... Read More »

Sammy Hagar still accelerating in music, business and life

AUSTIN — It’s still true, Sammy Hagar can’t drive 55. During an engaging hourlong discussion here Thursday at the South By Southwest Festival, the 69-year-old singer and guitarist talked about his career and his influences, especially the values his mother stressed that helped him become an entrepreneur. As for vehicles, he said, “I like to drive fast and the kind of cars ... Read More »

How ‘Consumer Relief’ After Mortgage Crisis Can Enrich Big Banks

A home in Henderson, Nev., that was foreclosed. Some deals by big banks to provide mortgage relief for borrowers have a built-in profit incentive. CreditMax Whittaker for The New York Times In every multibillion dollar settlement with a big bank that peddled faulty mortgage securities, a major provision has been a requirement that the bank provide “consumer relief.” In the ... Read More »

Asian stocks mark time, waiting for clearer view on U.S. rates

A man (3rd L) looks at an electronic stock quotation board as passers-by walk past, outside a brokerage in Tokyo, Japan January 20, 2016. REUTERS/Toru Hanai Asian stocks consolidated recent gains on Wednesday before a U.S. central bank policy meeting that could signal how much monetary tightening to expect during the remainder of the year, with an immediate rate hike ... Read More »

Oil’s decline creating a listless market, says traders

Oil has exerted its pull over the last week of trading, creating a listless market in the wake of its decline, traders told CNBC on Tuesday. “Every time they go above those production levels they’re going to say that it was for in house, basically, storage,” Steve Grasso, director of institutional sales at Stuart Frankel, said in an interview with ... Read More »

Christian Candy’s finance chief denies ‘good cop, bad cop’ game

Christian Candy: described in court as ‘a very confident businessman’ and ‘very direct’ by the finance director of CPC. Photograph: Philip Toscano/PA The finance director of Christian Candy’s property firm CPC played a “good cop, bad cop” game with the businessman Mark Holyoake, the high court has heard. Tim Dean, the finance director of CPC, appeared in the high court ... Read More »

China’s Economy Is Set for Steady Growth

A boy holds a toy his father bought for him as they exit a toy store in Beijing on January 18, 2017. China’s growth slipped to its slowest rate in more than a quarter of a century in 2016, an AFP survey has forecast, as analysts see mounting risks for the world’s number two economy with Donald Trump heading for ... Read More »

Hopes and pitfalls of council business deals

To add to Peter Wilby’s excellent article (The councils turning to risky business, 7 March), the idea of public service is being swept away as local authorities seek to fill the huge gap in income created by the Tory government’s move to abolish central funding by 2020. Many authorities are trading away from their home turf; but the setting up ... Read More »