Day: June 5, 2020

Aussie Dollar Breaks Through 70 Cents Ceiling on Growth Bets

(Bloomberg) — Australia’s dollar broke through the key 70 U.S. cents mark on expectations that markets have witnessed the worst of the coronavirus’ carnage on the global economy.

The Aussie jumped as much 0.9% on Friday to 70.04 U.S. cents, the highest level since early January when the virus outbreak had yet to explode into a pandemic. It has risen 27% after sliding to a near 18-year low in March, and is seen as a favored asset to buy among investors cheering the re-opening of economies from Singapore to Germany.

“The Aussie is on a tear, and with markets undergoing

RBI survey: Consumer confidence hits six-year low; pessimism looms over jobs, income amid COVID-19

The central bank had conducted telephonic interviews in thirteen major cities including Ahmedabad, Bengaluru, Bhopal, Chennai, Delhi.

With coronavirus aggravating economic slowdown which has been continuing for a year now, consumer confidence has fallen to lowest levels in six years in May 2020, and uncertainties regarding income and jobs also loom large. The situation is unlikely to improve till the coming year. “Consumer perception on the general economic situation, employment scenario and household income plunged deeper into contraction zone; while expectation on general economic situation and employment scenario for the year ahead were also pessimistic,” RBI said in its latest

Xiaomi’s first laptop in India will have 12-hour battery life, company teases Mi Notebook Horizon Edition branding

Xiaomi’s first laptop in India will be called the Mi Notebook Horizon Edition, and unless this is a limited edition product basis of naming, this is it. If this is a limited edition product though, this also means, Xiaomi may be looking to launch more than one laptop variant in India. Xiaomi has been on a teaser spree lately, and one of the ways that it is hyping its first laptop in India, is by showing off what appears to be the retail packaging of the product in question.

While it’s difficult to make out the exact specs from