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The firm said a lack of product pull could drive discounts higher and volumes lower, offsetting the management’s cost-cutting effort and leading to disappointment on free cash flows, which JLR can ill-afford due to its leveraged balance sheet.
NYSE begins move to delist Chinese state oil producer CNOOCProhibitions on CNOOC will take effect on March 9, 60 days after the company was added to the list that prohibits U.S. investments, according to a guidance issued by the Treasury Department on Jan. 27.
from Stocks-Markets-Ec… Read MoreBuffett’s Berkshire snaps up record $24.7 billion of own stockThe company’s purchase of $9 billion of shares in the fourth quarter matched a record set in the previous three-month period, Buffett said Saturday in his annual letter to investors.
from Stocks-Markets-Economic Times https:… Read MoreIndia's fiscal deficit touches Rs 12.3 lakh crore in January, 66.8% of FY21 revised targetOn February 1, the government revised its fiscal deficit target for the current year that runs through March to 9.5% of gross domestic product (GDP), instead of its original target of 3.5% of GDP as the coronavirus pandemic l… Read MoreBuy or Sell: Stock ideas by experts for February 26, 2021
from Stocks-Markets-Economic Times https://ift.tt/2NDZRoI
… Read MoreBuffett’s right-hand man says US stock market is overvaluedBillionaire Charlie Munger is a vice chairman at Buffett’s Berkshire Hathaway conglomerate. He typically sits alongside Buffett to field questions at Berkshire’s annual meetings in Omaha, Nebraska, each spring.
from Stocks-M… Read More
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