from India Insight:
India’s aviation sector is dominated by low-cost carriers such as IndiGo and SpiceJet but Niyant Maru, chief financial officer of India’s newest airline Vistara, says there is room for growth in the full-service carrier segment as increasing prosperity leads to demand for quality in-flight services.
The U.S. and British central banks are scrambling to be the first of the majors to raise interest rates after a long period of unprecedented monetary generosity. It won't happen immediately but both Janet Yellen, who chairs the U.S. Federal Reserve, and Bank of England Governor Mark Carney say there will be a hike this year (Yellen) or around the end of the year (Carney). Might this be a bit of a rush? Not everything in the world economy is as sanguine as the U.S. and British economies purport to be.
from Morning Bid with David Gaffen:
IBM, long-time stalwart of the Dow industrials, reports quarterly results after the close, the first of several major technology bellwethers to release its earnings figures. The stock has been a laggard compared with the benchmark S&P 500 over the last year or so, with the S&P’s greater-than-10-percent return easily dwarfing the losses from IBM in that time.
from Alan Baldwin:
LONDON, July 20 (Reuters) - Jules Bianchi was being lined up by Ferrari as the man to replace Kimi Raikkonen before the Frenchman's crash in Japan last October, according to the team's former chairman Luca di Montezemolo.