Transfin.
HomeNewsGuidesReadsPodcastsVideosTech
  1. News
  2. Explained

Amazon India Launches Platform for Lenders and Sellers, Fed Increases Interest Rates et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jun 14, 2018 12:34 PM 2 min read
Editorial

End of Day Wrap-up (Thursday / June 14, 2018) #Amazon #HDFC #FDI #OPEC #Fed #US #interestrates #Comcast #Fox #Transfin

Editor's comment: Amazon India launches platform for lenders and sellers where sellers can choose from competitive rates and loan offers. India to become first geography for Amazon to launch a seller platform.

 

Government approves proposal of HDFC Bank to raise additional capital of INR24,000cr by selling equity to Foreign Investors. FDI in bank to hit regulatory ceiling of 74% post this injection.

 

India and China discuss possibility of forming an 'oil buyers club' to negotiate better terms with OPEC. Indian Oil Corporation Chairman in Beijing to meet Chairman of China National Petroleum Corp. Facilitation of more US crude oil to Asia part of agenda to reduce leverage of OPEC countries. 

 

The European Central Bank to end its bond-buying program by the end of this year. The program of quantitative easing was launched in March 2015 with the aim of stimulating the ailing eurozone economy. Its end means the central bank thinks the economy no longer needs emergency support. The bank said it did not expect to raise interest rates, which are at historic lows, until the fall of 2019 at the earliest.

 

The Federal Reserve raises US interest rates by 25bps for second time this year, moving the Funds Rate target to 1.75%-2%. Points to two more increases by year end. Signals optimism on the back of low unemployment and high inflation expectations.

 

Comcast makes unsolicited offer to buy most of 21st Century Fox for $65bn, kicking off bidding war with Walt Disney. Bid at 20% premium to Disney's all-stock offer for the same asset.