Ford says it will spend $11 billion in electrification investment

DETROIT — Ford plans to increase its investment in electrification to $11 billion by 2022, Executive Chairman Bill Ford Jr. said Sunday at the Detroit auto show. The company previously announced it would spend $4.5 billion by 2020. “We’re going to electrify even our most iconic vehicles,” he said at Cobo Center. “The only question is,… Please follow and like us:

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Inflows Into Nearly Every Asset Class In 2017 – 2018 Warm Up Act?

Although the overarching story of global markets in 2017 was subdued volatility, overall there were net inflows almost entirely across the board – with global equity mutual funds/ETFs (US$281bn), bond funds (US$346bn), global money markets (US$145bn) and commodities (US$8.6bn) recording increases. Investors poured record net inflows of over $620bn into global equity mutual funds/ETFs and bond… Please follow and like us:

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Foreign trade set to exceed $4t

China’s foreign trade volume is expected to exceed $4 trillion in 2017 if there are no special circumstances based on figures accumulated in the first 11 months, the Ministry of Commerce predicted on Thursday. Gao Feng, the ministry’s spokesman, said China has been resolutely pushing forward supply-side structural reform in foreign trade. The labor, capital and… Please follow and like us:

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Asia markets swing as traders focus on Fed meeting

Asian markets swung in and out of positive territory on Wednesday as investors brushed off another record close on Wall Street and looked ahead of the Federal Reserve’s latest policy meeting. The Dow and S&P 500 clocked up another day of all-time highs, lifted by financials ahead of an expected interest rate hike by the Fed,… Please follow and like us:

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Albert Edwards Has A Friendly Reminder – “Financial Armageddon” Still Coming

There has been much teeth mashing regarding central bank unconventional monetary policy and the potential for a here has been much teeth mashing regarding central bank unconventional monetary policy and the potential for aAlbert Edwards Has A Friendly Reminder – “Financial Armageddon” Still Coming monetary devaluation amid forthcoming Fed rate hikes. Well known central bank critic Albert Edwards looks at the situation with his Societe Generale’s clients who, likewise, “ Many clients we meet have similarly apocalyptic views to our own but remain… Please follow and like us:

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JPMorgan Says Quant Underperformance “Has Not Been Abnormal”

In a research piece titled “Quant funds underperform,” JPMorgan analyst Nikolaos Panigirtzoglou and his Global Markets Strategy team think they understand the causation. With hedge fund allocation inflows towards quant funds pulling in near 30% of all hedge funds, this occurs at a time when the human-based manager just might be winning against the machines. Get… Please follow and like us:

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Top 10 ‘unicorn’ companies outside the US

Seven of the world’s top 10 most highly valued non-US “unicorns” – private companies valued at more than $1 billion each – began in China, according to a report from US consulting firm CB Insights. Chinese ride-hailing company Didi Chuxing is the world’s second-most highly valued unicorn, just behind the US-based Uber, another car-hailing service provider.… Please follow and like us:

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China rips into EU for ‘unfair’ dumping duties

The Commerce Ministry deplores bloc’s moves on steels, truck tires The European Commission or EC must stop using the “surrogate country” method in anti-dumping investigations into imports from China and immediately withdraw wrongly imposed penalties on China’s steel, ceramic and photovoltaic industries, the Ministry of Commerce said on Friday. Its comments follow Wednesday’s anti-dumping duties of… Please follow and like us:

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Canada shoots for tech boost as Trump shuts doors

The US administration’s immigration policies seen as opportunity to entice entrepreneurs to northern neighbor, official says By Shoshanna Solomon US President Donald Trump’s border-barring policies aimed at making “America great again” may provide a boon for Canada, which has always lived in the shadow of its southern neighbor when it comes to attracting new talent, entrepreneurs,… Please follow and like us:

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Bitcoin ETF: Coming to an exchange near you

WASHINGTON, March 9, 2017 – A bitcoin ETF is going to happen. The SEC may not approve the cyber-currency ETF this weekend, but it is going to happen, probably sooner rather than later. Current investor anticipation centers on an ETF application submitted to the SEC four years ago by the Winklevoss twins, Cameron and Tyler Winklevoss,… Please follow and like us:

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US Trade Deficit Improved Slightly in December

The U.S. trade deficit improved slightly in December, but the deficit for the whole year was still the worst since 2012. The gap between what the U.S. buys from overseas and what Americans sell to foreign markets was just over $44 billion for December. That was a little better than the previous month but the total… Please follow and like us:

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