6 billion in the Chinese ride-hailing firm, the Wall Street Journal reports, citing people familiar with the problem. 100 billion Vision Fund, could help the Chinese firm broaden in self-driving car technologies, the report said. Didi became China’s ride-hailing champ after it merged with rival Uber Technologies’ China operations last year. 600 million funding round in Kuaidi Dache in 2015, which merged with Didi later. Through the Vision Fund, SoftBank CEO Masayoshi Son hopes to focus on multimillion-dollar investments in areas such as autonomous driving and artificial intelligence, the Journal said. 36 billion after the Uber China merger. As part of the offer, Uber became the biggest shareholder in Didi.
Prime Minister Theresa May enjoyed a rare good day in Parliament, fighting off her opponents and earning the endorsement of British politicians to get to delay Brexit day. The result on Thursday means her Brexit plan — which has twice been turned down by huge majorities in the House of Commons – continues to be in play.
The House of Commons voted 412 to 202 to aid May’s motion, which as well as contacting for a hold off also discloses May’s strategy for getting her unpopular offer approved. March 11 – Reuters (Abhinav Ramnarayan): “Euro zone bond yields dipped on Monday after German commercial production fell in January, adding weight to market bets on a slowing European economy and the European Central Bank’s dovish policy stance.
Industrial output data showed that Europe’s largest economy is still experiencing trade frictions and unease about Brexit after narrowly avoiding recession this past year. March 12 – Financial Times (Paul Callan, Bassem Bendary and Yohann Sequeira): “The developing world could be going towards a fresh debt crisis. Public debt in growing markets now averages 50% of gross home product, the best level since the 1980s. A lot more than 80% of developing countries have increased their general public debt before five years. March 11 – Financial Times (Laura Pitel): “Turkey’s president Recep Tayyip Erdogan is confronting his first tough economy in ten years as he prepares for local elections that will test his party’s grasp on the country’s largest towns.
March 11 – Financial Times (Colby Smith): “The inevitable is here: Turkey is in recession. For the first time in a decade… By all accounts, it was a matter of time just. March 13 – CNBC (Jeff Cox): “Global debt has jumped since the financial crisis, though one rankings agency believes it poses less danger than the last time around significantly.
62.4 trillion, or 77% higher than it did prior to the open public borrowing binge began. March 11 – Bloomberg (Fergal O’Brien): “The global economy’s sharp loss of acceleration through 2018 has remaining the speed of extension the weakest because the global financial crisis a decade ago, according to Bloomberg Economics. Its new GDP tracker places world growth at 2.1% on a quarter-on-quarter annualized basis, down from about 4% in the center of last year.
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While there’s a chance that the overall economy may find a foothold and arrest the slowdown, ‘the risk is that downward momentum shall be self-sustaining, ’ say economists Dan Hanson and Tom Orlik. March 13 – Bloomberg (Adam Haigh): “Last October, the world’s stock of negative-yielding debt had tumbled by over fifty percent from its record high as investors adjusted to the end of super-loose monetary policy.
Now it’s soaring again following the dovish pivots across the world. March 10 – Wall Street Journal (Avantika Chilkoti): “Investors have powered the eurozone’s most carefully followed government relationship yield close to negative territory for the very first time since 2016, underscoring the bleak view for the Western european overall economy more and more. March 14 – Bloomberg (Erik Hertzberg): “Canadian home values fell last year for the first time in three decades amid falling prices in a few of the country’s priciest markets, as debt burdens increased even.
March 11 – Bloomberg (Luke Kawa): “That audio you’ve been hearing is U.S. March 12 – Bloomberg (Justina Lee): “With regards to slicing and dicing equities based on their factors, the strategy dearest by quants is exhibiting symptoms of sickness. The task is diagnosing how serious it is. Month This, Neuberger Berman can be the latest big name to close a fund predicated on factor trading, which uses characteristics like value and quality to bet which stocks will outperform over time.
The decision comes after a similar move by Columbia Threadneedle in December. It’s anecdotal, sure, but it’s adding up to an extremely gloomy picture across the industry and re-energizing a issue about the potency of such strategies. One of the most popular factors, momentum, has expanded a unpleasant 2018 into this season. ‘As the president said, every option is up for grabs to deliver to the Venezuelan people the democracy they deserve. March 12 – Reuters (Vivian Sequera and Deisy Buitrago): “Venezuela ordered American diplomats on Tuesday to leave within 72 hours after President Nicolas Maduro accused U.S.