Cautious to neutral on the favorable riskreward. Cutting china to neutral. A quick word on taiwan, lower, but coming from that fourday s when it comes to semiconductors, and focus given to tech giants, strong earnings overnight. News aroundy, some this stock, shares snapping a thatay drop as we heard samsung is in talks with the Chinese Government to expand its mou may be and a signed this year. Rishaad thanks, sophie. Sophie kamaruddin there. First word news headlines, h aidi is in sydney for us. President trump witness the swearing in of Rex Tillerson as his secretary of state. Sawier, 5643 vote lawmakers split along party lines. Republicans supported the president s view that his background gives him the connection and skills needed to promote u. S. Interests abroad. A steadfast reminder to me as forter the responsibilities secretary of state, that as i served as president , i serve their interest and always represent the interests of all American People at all times. A spokesman fo
Defund the health care bill. Among our newsmakers on the topic this morning, we have former oh bam in omb director peter or zaszag. Then coming up at 8 30 eastern, we have former vice chair alice rivlin. And aei senior fellow Kevin Hassette. And in other washington news, the federal Housing Administration will likely soon take a cash infusion from the treasury. The agency needs help to cover losses from souring loans. Jcpenney looking to raise as much as 750,000 to 1 billion to build up its cash reserves. The retailer is leaning towards issuing new shares. But other methods of raising capital are erroredly on the table. Goldman sachs says it expects the retailers to move more slowly. Anyway, another hard hit stock this year, blackberry, we talked bit almost every morning. Fairfax financial says it is confident it can find the money to fund its 4. 7 billion for the smartphonemaker. But shares did fall yesterday on doubts about that bid. Meantime, tmobile, i dont know, becky, announcing
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The IPO comprises a fresh issuance of equity shares valued at ₹1,000 crore, alongside an offer for sale of ₹2,000 crore by BCP Topco VII Pte Ltd, an affiliate of Blackstone Group Inc, the promoter.
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