As volatility in global and local equities continues to remain rampant, thanks to growing economic uncertainty, investors are either dumping their holdings or looking out for super-safe bets. In an interview with CNBC-TV, Hemang Jani of Sharekhan picked Divis Labs , Tata Global Beverages , United Phosphorous and Bharat Electrical Limited (BEL) as the top investment ideas in the current landscape.
Raising rates won't tame inflation, output will: Mobius
Barack Obama and Republican leaders in the House of Representatives are in a deadlock over how to raise the US debt ceiling. As the deadline of August 2 fast approaches, the IMF has warned of a "severe shock" to the world economy if the US runs out of cash to pay its bills.
Emerging market guru Mark Mobius, the Executive Chairman of Templeton Emerging Markets believes the Republican stance reflects the need to reduce US debt. However, he adds, the solution to the US crisis is unlikely in the short-term. "The market has discounted the lack of agreement on the debt ceiling," he said adding that the US debt downgrade has already been priced in.
Raising rates won't tame inflation, output will: Mobius
Barack Obama and Republican leaders in the House of Representatives are in a deadlock over how to raise the US debt ceiling. As the deadline of August 2 fast approaches, the IMF has warned of a "severe shock" to the world economy if the US runs out of cash to pay its bills.
Emerging market guru Mark Mobius, the Executive Chairman of Templeton Emerging Markets believes the Republican stance reflects the need to reduce US debt. However, he adds, the solution to the US crisis is unlikely in the short-term. "The market has discounted the lack of agreement on the debt ceiling," he said adding that the US debt downgrade has already been priced in.
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