China Manufacturing Plunges, U.S. Cases Emerge: Virus Update

(Bloomberg) — China’s factory activity fell to a record low after weeks of closures caused by the coronavirus, while the number of cases in South Korea soared.

Infections in California and Oregon indicated the virus is already in the community on the U.S. West Coast. The U.S. raised its travel advisory for outbreak-hit Italy. Federal Reserve Chairman Jerome Powell said the central bank is prepared to cut interest rates.

After U.S. equities suffered their worst week since the financial crisis, President Donald Trump said his administration is prepared for “the worst.” Acting White House Chief of Staff Mick Mulvaney said …

Apple has an advisory for motorcyclists: Doing this will injury your iPhone digital camera

Apple acknowledged that to forestall the photographs from getting blurry when the person unintentionally strikes whereas clicking the photographs, some fashions of the iPhones have been outfitted with optical picture stabilisation or the OIS.

Apple iPhone: In a publish on the Apple Assist Discussion board on Friday, Cupertino has mentioned that publicity of iPhones to high-amplitude vibrations, particularly to people who high-power motorbike engines generate, can result in degradation of the cell digital camera efficiency. The tech large has subsequently suggested towards mounting the iPhone on a motorbike because it may result in high-amplitude vibrations to be transferred to the

Japan Stocks Slide 4{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} as Fear Spreads; Bonds Rise: Markets Wrap

(Bloomberg) — Fear gripped Asian markets Friday after the biggest rout for equities on Wall Street since 2011, with investors flocking to the yen and bonds to find shelter from the expected blow to corporate earnings from the coronavirus.

With the likes of Citigroup Inc. analysts saying they want to see markets “closer to panic” before going all-in on global equities, there was no appetite for dip buying ahead of the weekend. The Topix Index slid over 4{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}, and Shanghai and Seoul saw declines of over 3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811}. U.S. futures tumbled after a 4.4{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} plunge Thursday. Crude oil collapsed below $46

CD issuances sharply soar in November

However, credit score offtake in November elevated resulting from festival-time demand for retail loans. The credit score progress was additionally supported by easing of lockdown restrictions.

By Manish M Suvarna

Issuances of certificates of deposit (CDs) rose sharply in November resulting from demand from personal banks for the pageant season. Issuances additionally surged in anticipation of short-term charges inching up after the financial coverage assessment.

In line with information compiled from NSDL, banks raised Rs 14,020 crore in November, sharply increased than Rs 425 crore in October. In September, banks had raised Rs 12,735 crore. Axis Financial institution was the

Asian stocks slide deeper as pandemic fears grow

By Tom Westbrook

SINGAPORE (Reuters) – Oil and Asian share markets extended losses on Thursday as the rapid global spread of the coronavirus kept investors on edge and seeking safety in gold and bonds.

Rising fears of a pandemic, which U.S. health authorities have warned is likely, had already wiped more than $3.6 trillion from global stock markets by Wednesday’s close.

China accounts for about 96{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} of cases and has instituted dire containment methods that have paralysed global supply chains.

But most new infections are now being reported elsewhere, with news on Thursday of a jump in cases in South

Rabi sowing marginally up 12 months on 12 months

There was decrease protection underneath coarse-cum-nutri cereals as the whole sown space has been decrease at 48 lh as far as towards 49 lh reported within the earlier 12 months.

The sowing of rabi crops, largely consisting of wheat, pulses, oilseeds and coarse cereals, for the present season (2021-22) has largely been accomplished with the whole sown space reported to be marginally greater than the earlier 12 months.

The entire space underneath all of the rabi crops rose to 664 lakh hectare (lh) in 2021-22 season in comparison with 656 lh reported within the corresponding interval of 2020-21 season, in

Asian Stocks Decline; U.S. Rises After Deep Rout: Markets Wrap

(Bloomberg) — Stocks in Asia fell in heavy trading Wednesday after another epic rout on Wall Street, while U.S. futures rose and the yen dipped, taking back some of their strong recent moves.

The won fell toward its weakest since 2016 after South Korea reported a further escalation in coronavirus cases. Stock benchmarks were down more than 1{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} in Seoul and Tokyo, though came off their lows of the session. Hong Kong and Shanghai saw smaller drops. The S&P 500 Index fell 3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} overnight, in its worst two-day slide since 2015. Ten-year Treasury yields held near Tuesday’s record low. The

U.S. Stock Index Futures Gain on Possible Dip-Buying, New Drugs

(Bloomberg) — U.S. stock-index futures rose on Tuesday in Asia as some investors deemed that Monday’s equity rout brought prices to attractive levels.

S&P 500 Index futures contracts expiring in March rose 0.9{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} as of 11:31 a.m. in Tokyo, while contracts climbed 0.8{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for the Dow Jones Industrial Average and advanced 1.2{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} for the Nasdaq 100.

Overnight, all three main U.S. stock benchmarks fell more than 3{c34e2c9cd63a11c97fab811dbaaefe0cfbb1edd2527888e1a44d36f3491ee811} amid growing concerns that the novel coronavirus is spreading more widely outside China. The S&P 500 dropped the most since February 2018 for the third consecutive day, its longest losing streak since December.

Teck Pulls Application for Oil-Sands Mine in Relief for Trudeau

(Bloomberg) — Teck Resources Ltd. is pulling its application for a controversial new oil-sands mine in Alberta, freeing Prime Minister Justin Trudeau from a political predicament.

The Vancouver-based company said in a statement late Sunday it is withdrawing its Frontier proposal from the regulatory process and plans to write down the project’s C$1.13 billion ($852 million) carrying value.

Teck’s decision not to proceed with the mine frees Trudeau from possibly the toughest test yet of his vow to balance developing Canada’s resources with fighting climate change. Rejecting the mine would have sparked widespread anger in Alberta, where the mine would

Virus Investors Don’t Need No (Online) Education

(Bloomberg Opinion) — Investors looking for an angle on the coronavirus crisis have naturally landed upon the online education sector in the hopes that tens of millions of quarantined school kids will turn such providers into profit-making machines on par with China’s hottest internet companies.

Almost every mainland province and city has pushed back the starting date of the spring term by weeks. Most students haven’t seen the inside of a classroom since Lunar New Year in late January. Not wanting to be left behind, students, their schools and parents have turned to online alternatives, including options not offered by