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Future group revs up joint ventures as tussle with Amazon drags on The Future group is re-energising its joint ventures (JVs) with dairy major Fonterra and American food firm Hain Celestial as it prepares for life after a tough 2020. The Kishore Biyani-led group’s debt had spiralled out of control last year, forcing it to get into a nearly Rs 25,000-crore transaction with Reliance Retail. The deal, which includes sale of the retail, wholesale, and logistics assets of the Future group, has since been challenged by Amazon.Read more NITI Aayog submits first list of about 12 PSUs for privatis...

BlackRock Says Gold ‘Failing’ as Equity Hedge, Faces Risks Bloomberg 3/11/2021 Ranjeetha Pakiam (Bloomberg) -- Global money manager BlackRock Inc. just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post. © Bloomberg Bullion's drop ha...

Global money manager BlackRock just delivered a double-barreled warning on the merits of holding traditional haven gold right now. Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRock’s Global Allocation Fund. Moreover, gold faces headwinds should the recovery pick up pace, he warned in a blog post. Gold is “failing as an equity hedge,” Koesterich said, noting its positive relationship with risky assets was even stronger when compared with tech stocks. He added...

Bullion is proving to be a less effective hedge against moves in other assets, such as stocks, as well as inflation, according to Russ Koesterich, portfolio manager for BlackRocks Global Allocation Fund.

On the heels of Biden's big blowout, the dollar is tumbling...(biggest 3-day slump since the election/vaccines in early Nov)... Source: Bloomberg And bitcoin surged back up near $58,000, erasing the losses from its record highs in mid-Feb... Source: Bloomberg Did Washington just 'cut the rope' from reality? On Thursday China's parliament approved a resolution to impose sweeping changes on Hong Kong's electoral system which is ultimately aimed to ensure that mainland loyalists are in firm control of running the city. The new requirement of "patriotism" to run for Hong Kong's legislature mean...