Xi fires shots at U.S. before Trump meeting, without mentioning him

As Chinese President Xi Jinping prepares for one of the most important meetings of his seven-year rule, he appears to have Donald Trump on the brain — even if he won’t say so directly. In conversations with other leaders ahead of his sit down tomorrow with the U.S. president on the sidelines of the Group of 20 summit in Japan, Xi spared no opportunity to paint the U.S. as the bad guy in China’s spiralling trade conflict, while avoiding the provocative step of naming Trump personally. In remarks to African…

Poland Inflation Rises For Fifth Month

Poland’s consumer price inflation rose for the fifth straight month in June, data from Statistics Poland showed on Friday. The consumer price index grew 2.6 percent year-on-year in June, following a 2.4 percent increase in May. Economists expected the inflation to remain at the same rate. Inflation was largely driven by higher prices for food and non-alcoholic beverages and fuels. Food and non-alcoholic beverages prices advanced 5.7 percent and that of fuels for transport gained 3.1 percent. On a month-on-month basis, consumer prices rose 0.3 percent in June. For comments…

SBI Life OFS: SBI Life OFS subscribed 1.94 times on Day 2

NEW DELHI: The offer for sale (OFS) by SBI Life Insurance Company was subscribed 1.94 times on the second day of the issue on Wednesday. Retail investors put in bids for 48,48,552 shares against the total size of 25,00,000 shares, data available with NSE showed. The OFS was subscribed 3.81 times by institutional investors on Day 1 of the bidding process on Tuesday. BNP Paribas Cardif, the foreign partner of SBI Life Insurance, is selling up to 2.5 crore shares, representing 2.5 per cent stake in the insurance company, for…

SCHH: Real Estate Is Vulnerable – Schwab U.S. REIT ETF (NYSEARCA:SCHH)

Main Thesis The purpose of this article is to evaluate the Schwab U.S. Dividend REIT ETF (SCHH) as an investment option at its current market price. While I have been bullish on Real Estate for some time, I am now striking a more cautious tone. While I do not expect vast under-performance from the sector, I think Real Estate will struggle to beat the market going forward, and, with SCHH’s current yield now below the 3% mark, the income cushion in the interim is not as attractive as it has…

Facebook Libra: Weighing The Pros And Cons

By Agustin Lebron via Iris.xyz. By now you’ve probably heard of Facebook’s latest take-over-the-world proposal: Libra. And perhaps your clients, family and friends are asking you about it already. What is it? Does this affect me? Should I care? In this article we’ll examine this question from the perspective of the investment advisor faced with answering these questions. Libra is Facebook’s attempt to enter the cryptocurrency world. And with Facebook’s reach and market dominance, this attempt could well be successful. But what is it, exactly? Well, according to the whitepaper put…