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  • 03 May 2019 09:45 | Divjot S. Mehton (Administrator)

    Tesla Inc. raised $2.35 billion through debt and stock offerings that expanded from the company’s initial plans, helping to put some near-term liquidity fears to rest.

    The electric-car maker raised $750 million selling common stock and $1.6 billion from convertible bonds, up from originally offering $650 million and $1.35 billion. The capital raise sparked a relief rally in both Tesla’s stock and bonds, which had reflected investor worry over whether the company can be sustainably profitable.

    “The raise should refute lingering concerns about TSLA’s ability to access capital markets,” Ben Kallo, a Robert W. Baird & Co. analyst who rates Tesla the equivalent of buy, said in a note Friday. “Surplus cash should help alleviate investor concerns around liquidity.”

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  • 02 May 2019 15:53 | Divjot S. Mehton (Administrator)

    Bombardier Inc. backed away from its 2020 forecast a week after cutting its 2019 outlook, and said it would sell a Northern Ireland wing factory as the company extends a revamp to focus primarily on making luxury jets and trains.

    The manufacturer is unable to reaffirm its financial targets for next year, and Chief Financial Officer John Di Bert said he couldn’t provide any additional “precision.” Bombardier also announced Thursday the formation of a new aerospace division that will oversee private aircraft and CRJ regional jets.

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  • 02 May 2019 15:51 | Divjot S. Mehton (Administrator)

    Recent rule changes by Canadian policy makers, including tightened mortgage lending, appear to be bringing the country’s real estate market more into balance.

    The federal housing agency lowered its assessment of the overall vulnerabilities in the national market to “moderate,” from “high,” according to a report Thursday from Ottawa. Canada Mortgage and Housing Corp.cited evidence of easing price acceleration for the country as a whole, with prices in Toronto and Vancouver moving closer to levels supported by fundamentals.

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  • 28 Apr 2019 15:54 | Divjot S. Mehton (Administrator)

    U.S. economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.

    Gross domestic product expanded at a 3.2 percent annualized rate in the January-March period, according to Commerce Department data Friday that topped all forecasts in a Bloomberg survey calling for 2.3 percent growth. That followed a 2.2 percent advance in the prior three months.

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  • 28 Apr 2019 15:53 | Divjot S. Mehton (Administrator)

    Once again, stocks are hot. Following a drubbing late last year, benchmark indexes have been grinding higher as investors keep piling in, setting fresh all-time highs in the process. Is this another rally justified by dovish pivots from major central banks around the world, green shoots in global activity, and earnings results that are surpassing Wall Street’s expectations? Or is it something that rings alarms, a melt-up? BlackRock Inc. Chief Executive Officer Larry Fink said he thought a melt-up was a possibility, as money that had moved to the sidelines after a sell-off late last year headed back into the markets. Here’s the difference between something good and something that’s too good.


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  • 21 Apr 2019 17:35 | Divjot S. Mehton (Administrator)

    The U.S. economy is set to show fresh signs of stabilizing and indeed even strengthening after its recent soft patch.

    After a run of data last week exceeded forecasts, the government on Friday reveals its first estimate of gross domestic product for the first quarter.

    Wall Street estimates are creeping higher with the consensus of economists surveyed by Bloomberg pointing to a 2.2 percent advance. A gauge published by the Federal Reserve Bank of Atlanta comes in at 2.8 percent.

    Less confident are the economists at Bloomberg Economics, who project expansion of 1.5 percent.

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  • 16 Apr 2019 08:25 | Divjot S. Mehton (Administrator)

    The Golden State is living up to its nickname, with California ranking as the most innovative economy in America.

    That’s according to Bloomberg’s newest U.S. State Innovation Indexbased on six equally-weighted metrics: research and development intensity, productivity, clusters of companies in technology, “STEM” jobs, populous with degrees in science and engineering disciplines, and patent activity.

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  • 12 Apr 2019 21:46 | Divjot S. Mehton (Administrator)

    At first glance, there’s little to betray the village of Edington’s status as the lodestar of Brexit. Squeezed between the chalk hills of Salisbury Plain and Wiltshire’s clay downs to the north, Edington lacks a school, a shop, or an obvious center. It has a village pub, the Three Daggers, and an ornate priory church serving a population the 2011 census put at 734 souls.

    It’s here, though, that historians broadly agree England was born. And England is key to understanding what’s happening in the U.K. today. For if anything is clear from its tortuous divorce from the European Union, the spectacle of an angry and divided nation in desperate need of direction is an English phenomenon, not a British one.

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  • 09 Apr 2019 17:50 | Divjot S. Mehton (Administrator)

    Indonesia’s government is set to export rice for the first time in more than a decade -- not because the country has turned in a bumper harvest but because it’s been importing the grain based on faulty data collection, resulting in an oversupply of stocks.

    The statistics agency has now overhauled its rice output survey to improve the data. It’s also making its surveyors climb mountains and trek down valleys, sometimes in remote islands, to verify satellite images of more than 200,000 paddy fields.

    Suhariyanto, the head of Indonesia’s Central Statistics Bureau, said his agents found it tough at first, with some saying it’s “like finding a Pokemon,” referring to the hit mobile game where users catch virtual monsters on a digital map.

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  • 08 Apr 2019 09:50 | Divjot S. Mehton (Administrator)

    The global economy is looking less gloomy than it did only weeks ago. It still may not have the stamina to extend a recovery that’s showing signs of age.

    A number of recent developments are stoking optimism. The Federal Reserve hit pause on interest-rate hikes and other central banks delivered stimulus. Trade negotiations between the U.S. and China appear to be inching toward an end to the trade war. And keys gauges of factory strength in China and the U.S. strengthened in March, allaying worries those economies were hitting a weak patch.

    Investors like what they see. Global stocks have surged nearly 14 percent this year, according to the MSCI world equities index. The rally has erased much of the fear that gripped markets in December, when stocks plunged almost 8 percent and analysts speculated the global economy might be on the precipice of a recession.

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