Britain, EU set Sunday deadline to clinch Brexit trade deal | Malay Mail

Britain, EU set Sunday deadline to clinch Brexit trade deal | Malay Mail

BRUSSELS, Dec 10 ― British Prime Minister Boris Johnson and the European Union’s chief executive gave themselves until Sunday for last-ditch negotiations on a post-Brexit trade deal after failing to narrow differences during a “frank discussion” over dinner in Brussels. “Very large gaps… Cooled Infrared Market By Deployment, Capability, Equipment and End User Analysis by 2027 Recent Quotes LONDON, Dec 10 ― Stocks listed in London stabilised yesterday ahead of talks that could decide whether or not Britain ends 2020 with a messy no-deal exit from the European Union. The FTSE 250, considered a Brexit sentiment barometer, was up 0.1 per cent before a dinner meeting between British… Ending eight days of bull run, Sensex and Nifty closed in the red, shrugging off Finance Minister Nirmala Sitharaman’s announcement of 12 measures under the AatmaNirbhar Bharat 3.0 to boost the economy. Banks and financials were the biggest laggards

BRUSSELS, Dec 10 ― British Prime Minister Boris Johnson and the European Union’s chief executive gave themselves until Sunday for last-ditch negotiations on a post-Brexit trade deal after failing to narrow differences during a “frank discussion” over dinner in Brussels.

“Very large gaps remain between the two sides and it is still unclear whether these can be bridged,” a senior source in the British prime minister’s office said in a statement.

He said Johnson did not want to leave “any route to a possible deal untested”, and so he and European Commission President Ursula von der Leyen had agreed to further discussions over the next few days between their negotiating teams.

Von der Leyen echoed the British comments on the meeting in a separate statement.

The two sides agreed that a decision on whether a deal is possible before Britain finally leaves the EU’s orbit on January 1 would be taken by the end of the weekend.

Fears are running high of a chaotic no-deal finale to the five-year Brexit crisis.

The EU and Britain had cast today’s meeting as a chance to break an impasse in negotiations but both acknowledged there was a danger that a trade deal would elude them.

Britain formally left the bloc in January, but has since been in a transition period during which it remains in the EU single market and customs union, meaning that rules on trade, travel and business have stayed the same.

That ends on December 31. If by then there is no agreement to protect around US$1 trillion in annual trade from tariffs and quotas, businesses on both sides will suffer.

Earlier Johnson said Brussels wanted Britain to comply with new EU laws in the future or be automatically punished, and was insisting it give up sovereign control over its fishing waters.

“I don’t believe that those are terms that any prime minister of this country should accept,” he told the British parliament, to cheers from lawmakers in his Conservative Party.

Johnson said “a good deal” could still be done if the EU scrapped its demands, but Britain would prosper with or without a trade deal, a phrase he repeated as he left for Brussels.

Failure to agree a deal would snarl borders, shock financial markets and sow chaos through supply chains in a world already grappling with the economic cost of Covid-19. ― Reuters

Source: www.malaymail.com

Author: Thursday, 10 Dec 2020 07:13 AM MYT


Cooled Infrared Market 2027 Worldwide Analysis on Revenue, Segmentation and Key Players

Cooled Infrared Market 2027 Worldwide Analysis on Revenue, Segmentation and Key Players

An Infrared (IR) imager is an instrument that captures pictures with the help of infrared light instead of visible light. Cooled IR Imaging equipment utilizes a vacuum sealed cassette to make sure that appropriate operation of the semiconductors is used in the product. These cooled IR devices are relatively bulky and expensive, which is anticipated to impact the growth of the cooled IR imaging market.

The reports cover key market developments in the Cooled Infrared as organic and inorganic growth strategies. Various companies focus on organic growth strategies such as product launches, product approvals and others such as patents and events. The inorganic growth strategy activities observed in the market were acquisitions, partnerships and collaborations. These activities paved the way for an expansion of the businesses and customers of the market players. The market payers of the Cooled Infrared are destined for lucrative growth opportunities in the future with the increasing demand for market Cooled Infrared in the world market.

Get Sample Copy of this Report @ https://www.theinsightpartners.com/sample/TIPTE100000307/

The report on the area of Cooled Infrared by Insight Partners includes extensive primary research and detailed analysis of the qualitative and quantitative aspects of various industry experts, key opinion leaders, to better understand the performance of the Cooled Infrared Market.

The report also includes the profiles of key Cooled Infrared companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

Here we have listed the top Cooled Infrared Market companies in the world

– Sofradir EC, Inc.
– Flir Systems, Inc
– L-3 Communications Holdings, Inc
– Opgal Optronics Industries Ltd.
– Bosch Security Systems, Inc.
– Fluke Corporation
– DRS Technologies, Inc.
– Axis Communications AB
– Zhejiang Dali Technology Co., Ltd.
– General Dynamics Mission Systems, Inc.

The report aims to provide an overview of Global Cooled Infrared Imaging Market along with detailed segmentation of market by Components, Range, Application, Verticals and five major geographical regions. Global cooled infrared imaging market is expected to witness steady growth during the forecast period due to rising security concern leading to increased use of camera based technology in myriad industry verticals.

Market Analysis of Global Cooled Infrared Market 2027 is an in-depth and in-depth study of the technology, media and telecommunications sector, with particular attention to market trend analysis world. The report aims to provide an overview of the Cooled Infrared market with detailed segmentation of the market by component, type of deployment, industry and region. The global Cooled Infrared market is expected to experience strong growth over the forecast period. The report provides key statistics on the state of the main market Cooled Infrared market players and presents key market trends and opportunities.

The report presents the current market analysis scenario, future and future opportunities, revenue growth, prices and profitability. The proprietary data in this report is collected by The Insight Partner’s dedicated research and analysis team of experienced professionals with advanced statistical expertise and various customization options in the existing study.

Buy this report @ https://www.theinsightpartners.com/buy/TIPTE100000307/

Reason to Buy

– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Cooled Infrared Market

– Highlights key business priorities in order to assist companies to realign their business strategies.

– The key findings and recommendations highlight crucial progressive industry trends in the Cooled Infrared Market, thereby allowing players to develop effective long term strategies.

– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About us: –
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact us: –
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Email: sales@theinsightpartners.com

Source: www.smartmarketnews.com


Disconnector Market by Consumption Volume, Growing Trend and Growth Forecast 2021

Disconnector Market by Consumption Volume, Growing Trend and Growth Forecast 2021

Global Disconnector Market Growth 2020-2021

This study specially analyses the impact of Covid-19 outbreak on the Disconnector, covering the supply chain analysis, impact assessment to the Disconnector market size growth rate in several scenarios, and the measures to be undertaken by Disconnector companies in response to the COVID-19 pandemic.

This report presents a comprehensive overview, market shares, and growth opportunities of Disconnector market by product type, application, key manufacturers and key regions and countries.

Click the link to get a Sample Copy of the Report at https://www.marketinsightsreports.com/reports/12112498432/global-disconnector-market-outlook-2021/inquiry?Source=XD&mode=31

The major players dominating the consulting market are ABB, Eaton, General Electric, Siemens, Schneider Electric, WEG SA, Mersen S.A., Littelfuse, Cromption Greaves, Havells India, Leviton, Socomec, Driescher, Delixi Electric. These companies have been profiled in the report providing detailed analysis of their financial information and business strategies. In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyses key emerging trends and their impact on present and future development.

Global Disconnector Market Split By Product Type And Applications:

This report segments on the basis of Types are:

Low Voltage

Medium Voltage

High Voltage

This report segments on the basis of Application are:

Industrial

Commercial

Other

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/12112498432/global-disconnector-market-outlook-2021?Source=XD&mode=31

Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Research objectives Of Disconnector Market:

To study and analyze the global Disconnector consumption (value & volume) by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025.
To understand the structure of Disconnector market by identifying its various sub segments.
Focuses on the key global Disconnector manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Disconnector with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Disconnector submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

What the report purchase provides access to:

1- Report in PDF format for all License types
2- Report in Excel + PDF format for Team and Corporate Licenses
3- Free analyst support for 6 months
4- Free report update with the Corporate User License
5- 15% free customization equal to 60 analyst hours

How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

sales@marketinsightsreports.com|irfan@marketinsightsreports.com

This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on mediarelations@xherald.com.

Source: markets.post-gazette.com

Author: By:
X herald


London-listed stocks stable ahead of Brexit trade deal talks | Malay Mail

London-listed stocks stable ahead of Brexit trade deal talks | Malay Mail

Loading…

LONDON, Dec 10 ― Stocks listed in London stabilised yesterday ahead of talks that could decide whether or not Britain ends 2020 with a messy no-deal exit from the European Union.

The FTSE 250, considered a Brexit sentiment barometer, was up 0.1 per cent before a dinner meeting between British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen aimed at breaking the deadlock.

“If no meaningful breakthrough occurs in Wednesday’s meeting … there will be a realistic chance of the UK leaving the EU without a trade deal — or a no-deal Brexit,” analysts at investment advisory firm LPL Financial wrote in a note.

The blue-chip FTSE 100 edged higher for the seventh session, led by consumer discretionary and communication services stocks, while Wall Street’s indexes hit a record high following positive vaccine news.

The FTSE 100 has bounced from multi-year lows in March on hopes of a vaccine-led recovery in business activity, but has lagged European and US peers as lockdowns hit the economy.

Data showed British employers recruited fewer permanent staff during an England-wide lockdown in November, choosing temporary workers to fill the gap instead.

But with Britain this week becoming the first country to begin mass vaccination against Covid-19, investors are betting that business will return to normal sooner than expected.

Among the sectors to have weathered the coronavirus crisis, shares in British kitchens supplier Howden Joinery Group gained about 5 per cent after it forecast 2020 pretax profit well above analysts expectations.

Meanwhile, food delivery company Just Eat Takeaway.com’s shares jumped about 7 per cent after the Daily Telegraph reported that it had recruited 1,000 riders. ― Reuters

Source: www.malaymail.com

Author: Thursday, 10 Dec 2020 07:53 AM MYT


Banks drag Sensex 236 pts even as FM unveils new stimulus; Nifty ends at 12,693

Banks drag Sensex 236 pts even as FM unveils new stimulus; Nifty ends at 12,693

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    Home >Markets >Stock Markets >Banks drag Sensex 236 pts even as FM unveils new stimulus; Nifty ends at 12,693

    • Ending eight days of bull run, Sensex and Nifty closed in the red, shrugging off Finance Minister Nirmala Sitharaman’s announcement of 12 measures under the AatmaNirbhar Bharat 3.0 to boost the economy. Banks and financials were the biggest laggards

    Welcome to the Mint live blog. Track this space for the latest stock market updates.

    Benchmark indices snapped eight days of winning streak to end lower on Thursday, shrugging off Finance Minister Nirmala Sitharaman’s 12 measures under the AatmaNirbhar Bharat 3.0 to boost the economy.

    Sensex ended 236 lower at 43,357.19, while Nifty ended 0.46% lower at 12,690.80. Nifty Bank slumped 2%.

    On Sensex, 14 stocks advanced and 16 declined. SBI and Kotak Bank were the biggest losers, while HUL and ITC gained the most.

    The announcements by Sitharaman, with total fiscal cost of ₹2.65 lakh crore, were aimed at creating new jobs, help farmers and street vendors, revive realty sector, and boost R&D for covid vaccine, among others.

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    The government’s incentive involves amending the Income Tax Act to allow a 20% differential between the actual sale price of land or building and the stamp duty value, finance minister Nirmala Sitharaman said at a press briefing.

    At the moment, the Income Tax Act says that the actual sale price will be used to compute the profits and gains from the sale if the stamp duty value is not more than the sale value by 5% (10% from 1 April 2020). This permissible differential between the sale price and the stamp duty value is now being raised to 20% given the sluggish market conditions

    Finance Minister Nirmala Sitharaman on Thursday announced a ₹10,000 crore package to boost growth in rural economy which in turn would help generate jobs.

    The ₹10,000 crore will be funnelled through the Pradhan Mantri Garib Kalyan Rozgar Yojna, the minister said. The funds are expected to be used for the rural jobs programme – ie the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) — and the rural roads programme ie Pradhan Mantri Gram Sadak Yojna.

    Union finance minister Nirmala Sitharaman on Thursday said some 1.38 million street vendors have been sanctioned loans worth ₹1,377 crore, almost five months after it was announced.

    PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) was announced amid the nationwide lockdown to empower street vendors by not only extending loans to them but also for their holistic development and economic uplifting. (Full report)

    Finance minister Niramala Sitharaman on Thursday announced an emergency credit line guarantee scheme 2.0 (ECGLS) for 26 stressed sectors, including power, construction, real estate, iron and steel manufacturing.

    Identified by the KV Kamath committee, entities in these 26 sectors as well as the healthcare sector have credit outstanding of more than ₹50 crore and up to ₹500 crore as on 29 February, 2020.

    Entities will get additional credit of up to 20% of outstanding credit, while the repayment can be done in five years’ time, which will include a one-year moratorium and repayment period of four years

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    Finance Minister Nirmala Sitharaman on Thursday outlined various economic indicators such as energy consumption, bank credit, goods and services tax (GST) collections, among others that have shown a strong recovery in the economy.

    There have been improvements recorded in composite PMI, energy consumption, bank credit, GST collections, market capitalization, foreign direct investment, rail freight loading among others. “Various unrelenting systemic reforms have helped in this,” the minister said, ahead of the announcement of a fresh economic stimulus.

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    Serum Institute of India has already produced 40 million doses of its covid-19 vaccine ‘Covishield’ at-risk even as the world’s largest vaccine producer reached one step closer to its launch by completing enrolment of 1,600 participants for its phase 3 trial. (Full report)

    Profits at Indian companies have rebounded from the worst decline in at least a decade amid signs of an economic recovery.

    Aggregate net income of 46 NSE Nifty 50 members grew 4.8% from a year earlier in the quarter through September, according to data compiled by Bloomberg. About two-thirds of the earnings beat or matched analyst estimates, compared with double-digit profit declines in the two previous quarters. By contrast, combined profit for MSCI Asia Pacific constituents remains below year-ago levels, a Bloomberg report says.

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    Drug firm Zydus Cadila on Thursday said it has successfully completed a phase 2 clinical trial In COVID-19 patients with its biological therapy, ‘PegiHep’, and it will now begin phase 3 clinical trial.

    In a regulatory filing, Zydus Cadila said “it has successfully completed a phase 2 clinical trial in COVID-19 patients with its biological therapy, Pegylated Interferon alpha-2b, ‘PegiHep’… Based upon the results from its Phase 2 study, Zydus Cadila now plans to conduct a phase 3 clinical trial in India”.

    Goldman Sachs has raised Indian equities to overweight on hopes that earnings recovery will lead rally. The global brokerage house thinks that the investment case for India has improved now and hence has upgraded Nifty to 14,100 by 2021 end, indicating an 11% upside from current levels. Indian benchmark indices have rallied over 60% from the lows hit in March, while making new record highs this week. (Full report)

    Shree Cement Ltd stock rose more than a per cent in opening trade on Thursday following its decent September quarter earnings.

    Pan-india focused Shree Cement Ltd posted decent volumes growth of 14% year-on-year (y-o-y) to 6.5 million tonnes. According to analysts, this is largely in-line with expectations. It should be noted that the cement sector has surprised the Street with stellar volumes growth performance in the September quarter aided by pent-up demand from semi-urban and rural areas. Also, the commentary by cement manufacturers on demand outlook has been largely positive. (Full report)

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    The Cabinet has approved production-linked incentive scheme for 10 sectors, including auto, pharmaceuticals, and textiles, worth almost 2 lakh crore to boost manufacturing, make India self reliant and generate employment.

    Motilal Oswal AMC has announced reclassification of Motilal Oswal Multicap 35 Fund from the multi cap fund category to the ‘flexi cap’ fund category. The proposed name of the scheme could be ‘Motilal Oswal Flexi Cap 35 Fund’, as per a communication by the fund house. “There would be no change in the way the fund is being managed currently and Akash Singhania will continue to be the fund manager as well,” says the mutual fund house. Motilal Oswal Multicap 35 Fund was launched in April 2014 and manages assets worth ₹11,015 crore.

    The rupee fell 9 paise to 74.45 against the US dollar in opening trade on Thursday, tracking muted domestic equities.

    The local unit opened at 74.44 against the greenback at the interbank forex market, then lost further ground and touched 74.45, down 9 paise over its last close.

    Gold and silver edged higher today in Indian markets though they remained sharply lower this week. On MCX, gold futures rose 0.35% to ₹50,339 per 10 gram while silver futures gained 0.38% to ₹62,780 per kg. In the previous session, gold futures had declined 0.6% or ₹310 per 10 gram while silver rates had tumbled 1% or ₹600 per kg.

    The state-owned company reported a 16% decline in consolidated net profit for the quarter ended 30 September at ₹2,952 crore. It was ₹3,523 crore in the year-ago period. The company’s board approved payment of interim dividend for the financial year 2020-21 at ₹7.50 per share.

    The company has signed a share purchase agreement with IHH Healthcare (IHH), its JV partner in Apollo Gleneagles Hospital Limited, Kolkata (AGHL), to acquire its existing 50% stake in AGHL for a cash purchase consideration of ₹410 crore. Apollo also got Board’s approval to raise ₹1500 crore through QIP, partially to fund this deal.

    LIC Housing Finance’s September quarter performance showed more trouble but some recovery from the pandemic’s blow.

    The housing finance company reported a rise in collection efficiencies to 96% of pre-pandemic levels for its loan book out of moratorium. Essentially, borrowers who were able to ride the lockdown without any trouble continued to keep up their repayments after the economy unlocked. However, what analysts want is clarity on the 25% loan book which was under moratorium as of June end. Note that the moratorium ended on 30 August.

    The Cabinet has approved production-linked incentive scheme for 10 sectors, including auto, pharmaceuticals, and textiles, worth almost 2 lakh crore to boost manufacturing, make India self reliant and generate employment.

    Goldman Sachs upgrades India to overweight, raises Nifty target to 14,100 by 2021-end. Says market moved higher as investors gained confidence on improving economic momentum

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    Companies in China, which have so far suffered the least due to the pandemic, are expecting to lead the recovery in lost global output, followed by firms in the US, while India reports the slowest recovery prospects, market intelligence provider IHS Markit has said quoting a survey.

    The Covid-19 survey which covered over 6,650 companies in 12 countries showed that food, drink and vehicle makers are the most upbeat about the recovery, while hotels, restaurants and other consumer-facing services are anticipating the longest recovery period, IHS Markit said.

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    Finance Minister Nirmala Sitharaman will address a press conference at 12.30 pm today. According to reports, India is planning to announce a fresh round of stimulus totalling about ₹1.5 lakh crore this week to help pull the economy out of its historic contraction.

    Demand for gold is expected to stage a recovery during Dhanteras and Diwali festivals this week, though it may not be as robust as last year due to the twin effects of high prices and the economic crisis caused by covid-19.

    The bounceback will be supported by high farm incomes this year and pent-up demand during the wedding season, according to industry experts.

    Oil prices rose in early trade on Thursday, taking the week’s gains to more than 12% on growing hopes that the world’s major producers will hold off on a planned supply increase as soaring cases of covid-19 dent fuel demand.

    U.S. West Texas Intermediate (WTI) crude futures climbed 35 cents, or 0.8%, to $41.80 a barrel at 0130 GMT, while Brent crude futures rose 31 cents, or 0.7%, to $44.11 a barrel.

    India is planning to announce a fresh round of stimulus totalling about $20 billion ( ₹1.5 lakh crore) this week to help pull the economy out of its historic contraction, government officials told Reuters.

    The package would follow Wednesday’s earlier announcement of production-linked incentives worth about $27 billion ( ₹2 lakh crore) over five years for manufacturers in 10 sectors.

    Markets are likely to be steady on Thursday following global cues. On Wednesday, the BSE Sensex ended at 43,593.67, up 316.02 points or 0.73%. The Nifty closed at 12,749.15, up 118.05 points or 0.93%.

    Investor sentiment will be strengthened by a Reuters report that the government is preparing for a $20 billion stimulus. (Full report)

    Infosys, Future Retail, M&M are among stocks that will be in focus today. Automobiles, drugs and textiles will be among 10 sectors whose shares will be watched today as the Union cabinet on Wednesday approved a proposal to offer as much as ₹1.45 trillion in incentives to persuade global companies to set up factories in India.

    Eicher Motors, Engineers India, Grasim Industries and Infibeam are among companies that will announce their September quarter earnings today.

    Stocks in Asia were mixed on Thursday. Hong Kong’s Hang Seng was flat, Japan’s Nikkei 225 was up 0.6%, while the Shanghai Composite was down 0.20%. Australia ASX was down 0.2%

    US stocks closed mostly higher on Wednesday, helped by technology stocks, but news of tighter restrictions in New York State dented an earlier rally.

    The Dow Jones Industrial Average fell 0.1%, S&P 500 gained 0.45%, and the Nasdaq Composite added 1.61%.

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    Source: www.livemint.com

    Author: Madhumita Sen Choudhury


    Britain, EU set Sunday deadline to clinch Brexit trade deal | Malay Mail


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