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[ad_1] China objects to U.S. inclusion of Chinese e-commerce firms in 'notorious markets' list [ad_2] Source link

[ad_1] Punjab Election 2022: The stage is set for polling in the Punjab Assembly Election 2022 with the campaigning coming to an end today in the state. Over 2.14 crore voters will decide the fate of 1304 candidates to elect 117 new members to the 16th Punjab Legislative Assembly in a multi-cornered contest that will see BJP contesting the polls separately from its longtime ally Shiromani Akali Dal. As the ruling party Congress looks to retain power in the state, it faces a challenge from Aam Aadmi Party (AAP), SAD-BSP alliance, BJP-PLC alliance and a new party -Sanyukt Samaj Morcha- floated by some farmer leaders. Former chief minister Captain Amarinder Singh has floated Punjab Lok Congress (PLC) after his unceremonious exit from the Congress. Also Read: Punjab Elections 2022: Full list of Congress Candidates and their Constituencies Punjab Election 2022 voting date, time, result date: Voting for the Punjab Assembly polls will start at 7am and will conclude at 6pm. The counting of votes will take place on March 10, along with four other states of Goa, Uttarakhand, Manipur and Uttar Pradesh. There are 24,689 polling booths in the state with 1200 voters per booth. As many as 2,14,99,804 voters are eligible to exercise their franchise. Also Read: Punjab Assembly Election 2022 BJP-Punjab Lok Congress (PLC) Full Candidate List Punjab Election 2022 Seats and Candidates: As many as 1,304 candidates are trying their luck in the poll battle for the 117 legislative seats across 23 districts. While 2,266 candidates had filed nominations, only 1,645 papers were found valid while 341 candidates withdrew their nomination. The highest number of candidates are in the fray from the Sahnewal and Patiala constituencies where 19 candidates are in the fray each. Of the key candidates are CM Charanjit Singh Channi from the Chamkaur Sahib seat, Punjab Congress chief Navjot Singh Sidhu against SAD’s Bikram Singh Majithia from the Amritsar East seat, Captain Amarinder Singh from Patiala, Sukhbir Singh Badal from the Jalalabad Assembly constituency, Parkash Singh Badal from the Lambi seat, Ganieve Kaur Majithia from the Majitha seat and Harsimrat Kaur Badal from the Bathinda seat. While AAP has made Bhagwant Mann its CM candidate, Channi is Congress CM face, Sukhbir Badal is SAD’s CM face. Also Read: Punjab Elections 2022: Full list of Aam Aadmi Party (AAP) candidates and their constituencies Punjab Election 2022 Opinion Poll, Exit Poll: Almost all the opinion polls had projected a hung assembly in Punjab with an edge over the Aam Aadmi Party. The election commission has banned publishing of the exit poll till 6pm on March 7. The exit polls will be out after the seventh phase of polling concludes in Uttar Pradesh. [ad_2] Source link

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[ad_1] Hundreds rescued after flames engulf Greece-Italy ferry [ad_2] Source link

[ad_1] Omicron Coronavirus India Live News, Coronavirus Vaccination Statistics and Registration Latest Updates, Covid-19 Cases and Deaths in India Recent Updates, Covid Restrictions Feb 18 Latest Updates: India on Friday morning reported 25,920 new cases of Coronavirus infections and 492 related deaths in last 24 hours, as per the official data shared by the Union Ministry of Health. The daily new infections were recorded less than one lakh for 12 consecutive days. The ministry has revealed that the active cases further declined to 2,92,092 comprising 0.68 per cent of the total infections, while the national recovery rate has further improved to 98.12 per cent. #Unite2FightCorona#LargestVaccineDrive#OmicronVariant ???????????????????? ????????????????????https://t.co/r6KS6Ltao4 pic.twitter.com/thTX5qf3bs — Ministry of Health (@MoHFW_INDIA) February 18, 2022 With cases of Covid-19 showing a consistent decline in the country, several states have already begun the process of relaxing Covid restrictions. The Delhi University resumed its offline classes for undergraduate and postgraduate courses on Thursday afte nearly two-year-long lull. Goa on Thursday decided to reopen all educational institutions from Class 1 to 12 from February 21. Even the Karnataka government on Thursday said that a mandatory negative RT-PCR test report of passengers coming from Kerala and Goa, will no longer be needed. Gujarat Chief Minister’s Office also announced that night curfew from 12am to 5am would be enforced in only two cities of the state, Ahmedabad and Vadodara from February 18 to February 25. Internationally speaking, the Covid-19 battle in Hong Kong is intensifying with each passing day. According to media reports, Hong Kong’s hospitals were almost at full capacity on Thursday. New cases in Hong Kong had multiplied by 60 times so far this month and the media reported that testing would become mandatory for everyone from March, as per a Reuters report. Financial Express brings you the latest and verified Covid updates from India and around the globe. Check out here: [ad_2] Source link

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[ad_1] Exclusive-India makes record U.S. soyoil purchases as drought parches South America [ad_2] Source link

[ad_1] Benchmark indices were trading marginally higher on Friday amid volatility with Nifty above 17300 supported by the capital goods, metal, power stocks. The Sensex was up 93.01 points or 0.16% at 57985.02, and the Nifty was up 24.90 points or 0.14% at 17329.50. Global, as well as, Indian equity markets have been quite volatile in the recent past, primarily tracking inflation led interest rate hike outlook by global central banks, geopolitical tensions between Russia-Ukraine and rise in crude prices. Corporate earnings, a true barometer of the health of the market, on the other hand, have been quite resilient with growth momentum continuing unabated. A total of 96 stocks hit 52-week high BSE intraday while 26 scrips were at fresh lows. Sensex, Nifty gainers, losers HDFC, Larsen and Toubro, Tata Steel, SBI, Dr Reddy, ICICI bank, Maruti Suzuki India, Powergrid, Sun Pharma, Axis Bank, Kotak Bank, HUL, HDFC Bank were among the top gainers in Sensex pack, while Ultratech Cement, Tech Mahindra, Infosys, Wipro, Asian Paints, Titan, ITC were the laggards. In the Nifty pack, Coal India, SBI Life, HDFC, L&T and Grasim were the top gainers, while the top losers were Cipla, Divis Lab, ONGC, Shree Cements and Ultratech Cement. Stocks that hit 52-week high, low on BSE So far, a total of 96 stocks rose to their new 52-week highs on the Bombay Stock Exchange (BSE). These include Adani Green Energy, AGI Infra, Binny Darshan Oma, Dhruv Wellness, Everest Industries, Gensol Engineering, Gujchem Distillers, Keynote Financial Services, Katare Spinning Mills, Natural Capsules, Parnax Lab, Shanti Educational Initiatives, Shankara Building Products, TCPL packaging, Virat Industries, Vishnu Chemicals, White Organic Retail, among others. On the flip side, 29 stocks fell to their new 52-week lows on BSE. The stocks were Astrazeneca Pharma India, Cadila Healthcare, Car Trade, Indigo Paints, G R Infraprojects, Housing & Urban Development Corporation, NCC and Vedant Fashions, among others. Stocks that hit 52-week high, low on NSE On the NSE, a total of 25 stocks hit new 52-week highs, and 29 scrips fell to 52-week lows. Some of the marquee names that touched fresh 52-week highs include Adani Green Energy, Cyber Media (India), Everest Industries, IVP Ltd, Megastar Foods, SEL Manufacturing Company, Speciality Restaurants, Shree Ram Proteins, Times Guaranty, among others. On the flipside, Asian Energy Services, AstraZeneca Pharma India, Crown Lifters, GE Power India, Glenmark Life Sciences, Housing & Urban Development Corporation, Indigo Paints, Manappuram Finance were among the securities that hit 52-week low on NSE. [ad_2] Source link

[ad_1] On Thursday, the U.S. Census Bureau reported that housing permits came in at an excellent print at 1,899,000, surprising me. Then I took a look at housing completions at 1,246,000, and it reminded me of the sad state of the housing market. We have the demand — we just don’t have the supply. Global pandemics have always created short-term shortages due to a lack of production capacity. However, the COVID-19 pandemic happened in the middle of the most enormous housing demographic patch ever recorded in our history. Then on top of all that, existing total inventory has broken to all-time lows. You can understand why I keep saying this is the unhealthiest housing market post-2010. Housing starts, just like new home sales, can be wild month to month, so the trend is your friend and the direction in housing permits has been good enough to keep construction going. Housing permits From Census: Privately-owned housing units authorized by building permits in January were at a seasonally adjusted annual rate of 1,899,000. This is 0.7 percent above the revised December rate of 1,885,000 and is 0.8 percent above the January 2021 rate of 1,883,000.  Single-family authorizations in January were at a rate of 1,205,000; this is 6.8 percent above the revised December figure of 1,128,000. Authorizations of units in buildings with five units or more were at a rate of 629,000 in January. As we can see below, as long as new home sales don’t fade, permits will keep this uptrend going. With rental inflation kicking into high gear, the need for multifamily construction will stay. Since new home sales aren’t booming, we haven’t been surpass the housing bubble peak in total housing permits. We don’t have a massive credit boom happening in housing and the builders don’t oversupply a marketplace, so the trend of slow and steady keeps on moving. Housing completions From Census: Privately‐owned housing completions in January were at a seasonally adjusted annual rate of 1,246,000. This is 5.2 percent (±8.0 percent)* below the revised December estimate of 1,315,000 and is 6.2 percent (±10.0 percent)* below the January 2021 rate of 1,328,000. Single‐family housing completions in January were at a rate of 927,000; this is 7.3 percent (±6.8 percent) below the revised December rate of 1,000,000. The January rate for units in buildings with five units or more was 309,000. This is heartbreaking to see, but the housing completion data shows how stressed the new home sales market is when it comes to getting homes finished. Also, note the risk of cancellations can be an issue at a certain point for builders if mortgage rates keep rising higher. This has happened before but as of yet, it isn’t an issue. Regarding labor for housing construction, job openings are very high in the construction sector. We have nearly 11 million job openings in the U.S. and 330,000 of those are for construction workers, so the need for labor is real! Again, this is a first-world problem to have in America. However, the lack of construction productivity has hampered us for decades. Where have all the great robots gone? Oh wait, we don’t have that in this sector. So, with that in mind, know the limits of what can be done with construction. As we all can see, it isn’t easy to finish a house amid supply shortages. Housing starts From Census: Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,638,000. This is 4.1 percent (±13.7 percent)* below the revised December estimate of 1,708,000, but is 0.8 percent (±12.5 percent)* above the January 2021 rate of 1,625,000.  ingle-family housing starts in January were at a rate of 1,116,000; this is 5.6 percent (±12.0 percent)* below the revised December figure of 1,182,000. The January rate for units in buildings with five units or more was 510,000 Housing starts, like permits, are still showing a slow and steady climb. New home sales aren’t exactly booming, so the growth with single-family starts is still somewhat limited unless we get a faster increase in sales. In a rising mortgage rate environment, there is a risk that this sector will get hit. We had many years in the previous expansion where new home sales missed estimates, which can create housing starts to stall. However, that was working from a shallow bar. We no longer have that low bar, so the builders are mindful of demand staying at these levels and growing. The builder surveys haven’t been moving much in either direction recently. Even though they’re high historically, don’t put too much weight on that aspect. If we see a noticeable decline from the trend lower, the builders are telling us something is wrong. I have often seen people neglect the lower trend movement and use the bottom of the housing bubble crash as a reference point. I would never use the bottom of the housing bubble crash as a reference point, ever. Once the trend goes lower for a few months, something is wrong. I believe the builders are mindful of higher rates and all the delays in finishing a home. Since COVID-19 did a number on a lot of economic data lines, the adjustments that we had to make in 2020 and 2021 are coming to an end, so weakness is weakness, and strength is strength. From NAHB: While the housing permits data is fantastic, and it came off a more substantial number last month, the housing completion story is a giant mess right now. We see housing inflation on both fronts in America — in home prices and rents — and inventory for both sectors is low, with a massive young population needing shelter. Anything we can do to create more supply will be welcomed in America because shelter inflation matters, and it isn’t just a home-price story anymore. We shall see if higher rates impact the new home sales sector. So far, purchase application data has been stable this year, and starting next week, we don’t have any more COVID-19 comps to

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