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Jerome Powell: Yellen, Powell's views on crypto show lack of knowledge, says Chris Wood

MUMBAI: Comments from the US Treasury Secretary Janet Yellen and the US Federal Reserve Chief Jerome Powell on cryptocurrencies in the recent past reveal a “remarkable lack of knowledge about crypto and, even worse, a lack of intellectual curiosity”, said Christopher Wood, global equity strategist at Jefferies.
Wood’s comments came after the US Federal Reserve Chief Powell recently said that cryptocurrencies are “really vehicles for speculation” at a virtual event. Even the US Treasury Secretary Janet Yellen had termed Bitcoin a “highly speculative asset” in her remarks in February.
Bitcoin and other cryptocurrencies have been the best performing asset class in 2021 so far on the back of rising adoption of the asset on Wall Street and among millennials. The interest shown in Bitcoin by some of the world’s largest asset managers and its adoption by Elon Musk’s Tesla has added to the popularity of the cryptocurrency. ....

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Jack Ma: What's next for Jack Ma's Ant Group after China orders revamp?

Synopsis
Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as meetings with regulators signalled the move could help draw a line under Beijing s scrutiny of its business.
Agencies
New regulation requires fintech platforms to own 30% of all the loans that they co-lend with banks.
China has imposed a sweeping restructuring plan on Jack Ma s Ant Group, the
fintech conglomerate whose record $37 billion IPO was derailed by regulators in November, that will see the group become a financial holdings company among other things.
Ant, valued at around $315 billion at its IPO pricing, is also exploring options for founder Ma to divest his stake and give up control, as meetings with regulators signalled the move could help draw a line under Beijing s scrutiny of its business, Reuters exclusively reported on Saturday. ....

People Bank , Jack Ma Ant Group , Ant Group , Hong Kong Based , Reuters Breakingviews , Baihang Credit , Jack Ma , மக்கள் வங்கி , பலா மா எறும்பு குழு , எறும்பு குழு , ஹாங் காங் அடிப்படையிலானது , பலா மா ,

DEUTSCHE POST AG : Jefferies reiterates its Buy rating

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David Kerstens from Jefferies retains his positive opinion on the stock with a Buy rating. The target price has been revised upwards and is now set at EUR 60, compared with EUR 52 previously.
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Stock Market: Covid and rising oil prices big headwinds for India: Chris Wood

“I have been heavily overweight India in my Asian portfolio but I have reduced the overweight in my greed and fear report. It is a growing short-term risk in the market because the Covid cases have picked up a lot, ” says
Christopher Wood, Global Head of Equity Strategies,
When the year started, the general view was that interest rates will remain low, bond yields will remain low, inflation will not come back and central banks will not change policy stance but you had said that US bond yields will head towards 2% very soon. What a fantastic call! What is driving this growth that has surprised everyone? Or is this inflation scare? ....

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THYSSENKRUPP : Buy rating from Jefferies

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Jefferies analyst Alan Spence maintains his Buy rating on the stock. The target price remains set at EUR 12.90.
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Alan Spence , Thyssenkrupp Ag Stock Exchange , Press Release , Eur Tka De0007500001 , ஆலன் ஸ்பென்ஸ் , ப்ரெஸ் வெளியீடு ,