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Bloomberg Quint
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Shopaholic? Here's How To Ensure You Don't Fall Into Debt Trap
- To avoid falling into a debt trap as a shopaholic, it is recommended to create and stick to a budget, avoid impulse purchases, limit credit card usage, build an emergency fund, and seek support when needed.
- Creating and sticking to a budget is the first step to staying on top of your money.
- Avoid impulse purchases by making a shopping list before going out or shopping online and sticking to it.
- Limit credit card usage and aim to pay off the balance in full each month to avoid interest charges.
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Bloomberg Quint
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ICC May Agree To Changes In Point System In WTC Cycle; Two-Tier System Plan Likely To Be Deferred
- The International Cricket Council (ICC) may agree to changes in the points system of the World Test Championships in the next cycle.
- The current WTC system awards equal points for wins, ties, and draws, which has caused discontent among India, England, and Australia.
- The ICC has been considering a new system of bonus points based on the margin of victory and the strength of opponents for wins in away matches.
- The proposal to segregate Test cricket into two divisions may be deferred for more time to assess its implications.
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Bloomberg Quint
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European Firms Stockpile, Shift Production To Brace for Tariffs
- European firms are taking measures to prepare for potential tariffs from the US by stockpiling goods and shifting production.
- While Trump has eased some tariff increases, uncertainties remain, leading companies to secure supply lines and consider price hikes.
- Various European companies, such as Audi, Sogrape SA, and Novartis AG, are making strategic decisions to navigate the impact of tariffs.
- The US is a significant market for EU exports, accounting for over 20% of all EU exports and fostering transatlantic trade.
- European carmakers, facing challenges in the EU and China, rely on the US market for sales of high-margin SUVs and trucks.
- Companies like Mercedes-Benz, Volvo, and Volkswagen are adjusting their strategies to mitigate the effects of tariffs on their businesses.
- Some firms, like Clariant AG, Novartis, and Applied Nutrition, are investing in US production facilities to adapt to the changing trade landscape.
- European businesses could benefit from retaliatory tariffs on US products, potentially gaining a competitive edge in other markets.
- The trade war dynamics may lead to shifts in consumer behavior and market preferences, impacting global trade relationships.
- Companies are urged to remain flexible and prepared to respond quickly to evolving trade policies and market conditions.
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Bloomberg Quint
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Trump Floats Possible Exceptions To 10% Baseline Tariff
- President Donald Trump said he could offer some exemptions to his 10% tariff on most US trading partners.
- Trump's comments capped a tumultuous week for equity and bond markets and threaten to inject more uncertainty for countries, investors, and businesses grappling with his trade policies.
- The president this week put in place sweeping higher tariffs on dozens of nations — only to delay those levies hours later after seeing financial markets convulse as worries intensified that Trump's import taxes could devastate the global economy.
- While China, the world's second-largest economy is facing a 145% levy, Trump is keeping his baseline 10% rate for most countries as foreign governments rush to secure deals with the administration.
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Bloomberg Quint
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112
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As Markets Sank and Soared, a New Fear Spread Across Wall Street
- Amidst the market turmoil caused by Trump's trade war, American assets faced a battering while the S&P 500 experienced rapid fluctuations.
- When the S&P 500 surged 7% due to Trump's announcement, traders were surprised by the frenzy of buy orders, leading to intense market activity.
- Despite short moments of calm, concerns arose as Treasury yields surged, signaling potential financial crisis risks rather than a recession.
- Investors, traders, and analysts witnessed a shift in the perceived value of American assets, raising doubts about their reliability in the global financial system.
- The market volatility mirrored emerging market patterns, with increasing fear that Trump's trade policies could jeopardize America's financial stability.
- The week featured extreme trading conditions, with significant intraday rallies and sell-offs, leading to uncertainties and challenges in decision-making.
- Treasuries and the dollar faced notable swings, questioning the traditional safe-haven status of US assets and prompting concerns about market disruptions.
- The weakening US dollar, alongside surges in alternative havens like the yen and gold, indicated a loss of confidence in US assets among investors.
- The market's response resembled traits of an emerging market, causing some strategists to rethink their perspectives on asset behaviors.
- Currency and bond fluctuations prompted discussions on the lasting impact on US assets' appeal and the search for alternative safe havens amidst the uncertainty.
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Bloomberg Quint
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142
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Charting The Global Economy: Turbulence Accompanies Tariff Pause
- After President Trump's decision to pause some tariffs, global financial markets continued to be turbulent, with investors seeking safe havens and central banks lowering interest rates.
- Economic data in the US showed decreased inflationary pressures before broad tariffs were imposed on trading partners, causing stress in the economy and raising recession concerns.
- Investors moved away from US Treasury securities and the dollar depreciated, raising questions about America's safe haven status, while gold prices surged.
- Central banks in India and New Zealand cut interest rates to mitigate tariff impacts, while other countries also adjusted their rates in response.
- Global economy forecasts now face challenges from colliding shocks, with uncertainty surrounding Trump's tariff decisions impacting trading partners worldwide.
- Gold prices soared to record highs due to increased buying activity, influenced by major players and central banks strengthening their positions in the market.
- US inflation cooled in March, providing temporary relief for consumers before the tariff effects manifest, while consumer sentiment dropped, and inflation expectations rose.
- Amid the trade war, Treasuries experienced a decline as investors retreated from US assets, leading to notable weekly yield hikes and potential impact on borrowing costs.
- Various countries implemented interest rate adjustments, with some lowering rates to counter tariff effects, while others maintained their rates or raised them.
- China retaliated against US tariffs by raising duties on American goods, escalating tensions, while other Asian nations looked to LNG purchases from the US to mitigate trade imbalances and tariff pressures.
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Bloomberg Quint
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132
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Hiring Outlook Remains Positive; 45% Companies Plan To Recruit In FY26: Report
- 45% of employers plan to hire for new permanent positions, while 13% plan to replace manpower in their existing positions according to a report by Genius Consultants.
- The report is based on insights from 1,520 CXOs and senior-level dignitaries of organizations across various industries for the upcoming financial year.
- 26% of employers focus on temporary, contractual, or project-based roles.
- Retail, e-commerce, and Q-commerce sector is expected to experience the highest manpower recruitment, followed by logistics and warehousing.
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Bloomberg Quint
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Trump Plans Order to Enable Critical Metals Stockpiling: FT
- US President Donald Trump’s administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the Financial Times.
- Trump has already invoked emergency powers to boost the ability of the US to produce critical minerals and make the country less reliant on foreign imports, especially from China.
- There is a push to fast-track deep-sea mining applications under US law and the stockpile of metals, including rare earth minerals, is being considered as part of that effort.
- China is the world's biggest supplier of rare earth minerals, accounting for almost 70% of the world's production.
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Bloomberg Quint
1w
118
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Corporate Actions This Week — Mazagon Dock, Hexaware Technologies And More
- Mazagon Dock Shipbuilders Ltd. and Hexaware Technologies Ltd. are distributing interim dividends.
- Akme Fintrade (India) Ltd. and Kapil Raj Finance Ltd. have announced a stock split.
- Mazagon Dock Shipbuilders Ltd. has an interim dividend of Rs 3 per share. Ex-date is April 16.
- Hexaware Technologies has an interim dividend of Rs 5.75 per share. Ex-date is April 15.
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Bloomberg Quint
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184
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Bahrain Grand Prix 2025: Race Schedule, India Timings, Where To Watch And More
- The Bahrain Grand Prix 2025 is set to take place on Sunday, April 13th.
- The race will consist of 57 laps covering a total distance of 5.412 kilometers.
- Max Verstappen enters the event just one point behind the Drivers' Championship leader Lando Norris.
- Fans in India can watch the Bahrain Grand Prix live on the FanCode app and website.
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Bloomberg Quint
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397
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Keystone Realtors Bets On Strong Pipeline For Rs 4,000 Crore Pre-Sales In FY26
- Keystone Realtors aims to achieve Rs 4,000 crore in pre-sales for fiscal 2026.
- Undersupply is driving demand in the real estate market.
- Keystone Realtors is significantly increasing its construction spend, targeting Rs 827 crore for the coming year.
- Boman Irani calls for a shift toward global norms for affordable housing and updates to the price cap that qualifies homes for GST benefits.
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Bloomberg Quint
1w
188
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Trump Plans Order To Enable Critical Metals Stockpiling: Report
- US President Donald Trump's administration is planning an executive order to allow the stockpiling of critical metals from the Pacific seabed, according to the Financial Times.
- Trump has already invoked emergency powers to boost domestic production of critical minerals and reduce reliance on foreign imports, especially from China.
- The order would fast-track deep-sea mining applications and create a stockpile of critical metals, including rare earth minerals, giving the US access to its own inventory in case of a conflict with China.
- China is the world's largest supplier of rare earth minerals, accounting for almost 70% of global production, according to the US Geological Survey.
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Bloomberg Quint
1w
234
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700 Kg Banned Tobacco Products Seized After Raid At Supermarket In Kerala
- Nearly 700 kgs of banned tobacco products were seized during a raid at a supermarket in Kadakkal, Kerala.
- The contraband was found stacked in several gunny bags and stored in a shed adjacent to the supermarket.
- The shop owner, who has been involved in similar cases before, managed to flee during the raid.
- Around one lakh tonnes of various banned contrabands have been seized by the Chadayamangalam Excise personnel in the last month.
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Bloomberg Quint
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192
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Ashiana Housing Q4 Sales Bookings Fall 33% To Rs 575 Crore
- Realty firm Ashiana Housing Ltd's sales bookings declined 33% to Rs 574.73 crore in the fourth quarter of the last fiscal.
- The company sold 597 units in Q4 of FY25, compared to 451 units in Q3 of FY25 and 628 units in Q4 of FY24.
- However, the company's sales bookings rose 8% to Rs 1,936.75 crore in the last fiscal, marking the highest-ever annual sales for the company.
- Ashiana Housing is a Delhi-based real estate developer specializing in group housing projects and senior living homes.
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Bloomberg Quint
1w
284
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Top 7 Indian Cities See 4-8% Rise In Office Rent In 2024: Vestian
- The rent for office spaces in India's seven major cities rose 4-8% annually in 2024 while the eight big overseas markets saw a mixed trend in rental growth, according to Vestian.
- Among seven Indian cities, Mumbai saw an increase of 6.7% in monthly average office rent to $1.6 per square feet.
- Delhi saw an 8.2% rise in monthly rentals to $0.9 per square feet, while Bengaluru witnessed a 4.7% rise to $1.1 per square feet.
- The consultant said prime commercial hubs like Mumbai's BKC and Delhi's central business district (Connaught Place and adjoining area) command high rentals, with average rent reaching $3-4 per sq ft a month.
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