Those greek elections. Well talk futures, oil, the euro all bouncing off overnight lows. Americas largest home builder up more than 6 that is the stock and the premarket. And Apple Earnings on deck a report that apple sales in china exceed those in the u. S. Plus is apple pay at a Tipping Point . More on those stories in a few moments. First up though lets talk about these markets. Obviously a lot of people wondered what this morning would look like after the greek elections. The serisa party taking two seats short of an outright majority, but looks like they are going to have a working coalition partner. Are you impressed that europes not in the red . I think that the partner might be this greek far right wing. I know yes. And i feel that what this says to germany once again is look, this is the future. Unless you get it right, youre going to see extremism in these countries, which is making it so that draghi won last week in terms of qe. Now we see this. It just seems like everything
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In a partial relief to alternative investment funds (AIFs), capital markets watchdog Securities and Exchange Board of India (Sebi) has provided certain exemptions to such funds with regard to investment committee. Under the new norms, members of an investment committee of an AIF will no longer be responsible for investment decisions. Also, members of the committee would not be liable for compliance of the AIF investments with the regulatory provisions, governing documents of the AIF and other applicable laws. However, exemption in AIF rule is conditional upon capital commitment of at least Rs 70 crore from each investor accompanied by a suitable waiver, Sebi said in a notification on Friday.