Metals: Reiterate ‘hold’ for Tata Steel, JSW – The Financial Express

As prospects of Chinese steel demand decline for CY19 become more and more acute, Indian steel players are rediscovering the perils of high leverage in a deep cyclical sector. Metals: Reiterate ‘hold’ for Tata Steel, JSWAs prospects of Chinese steel demand decline for CY19 become more and more acute, Indian steel players are rediscovering the perils of high leverage in a deep cyclical sector. What is also disconcerting and what we have highlighted briefly post our visit to JSW Steel plant is the...
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Oil prices: Saudis, Russia haggle on crude as Donald Trump tells OPEC to keep pumping – The Financial Express

OPEC and its allies continued to haggle over the size of potential crude-production cuts in Vienna on Wednesday as U.S. President Donald Trump urged the group to keep the taps open and prices downOil prices were little changed by the president’s intervention, rising 27 cents to .35 a barrel in London. (Reuters)OPEC and its allies continued to haggle over the size of potential crude-production cuts in Vienna on Wednesday as U.S. President Donald Trump urged the group to keep the taps open and pri...
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Analyst Corner: ‘Hold’ on Godrej Consumer Products with TP of Rs 807 – The Financial Express

To focus more on Asia, Africa and Latin America and improve profitability, GCP recently divested its UK business. We retain our ‘Hold’ recommendation.With its focused strategy, 3*3 (three categories—hair-, home-, personal care—and three continents—Asia, Africa, Latin America), Godrej Consumer strives to keep its growth momentum going. Further, innovations, premiumisation and deeper penetration are driving market share gains. We retain our ‘Hold’ recommendation.GCP continues to focus on hastening...
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Asia shares struggle to rally, oil skids further – The Financial Express

Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be "one-and-done" with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut.Asia shares struggle to rally, oil skids furtherAsian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be one-and-done with U.S. rate hikes, while oil fell anew as producers bickered over the details of an o...
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