Intel ‘s disappointing results and warning of a contracting data-center market knocked the stock in some of its key rivals on Friday. Intel (ticker: INTC) shares were down 10% in premarket trading after the chip maker missed expectations for the fourth quarter and provided a revenue forecast for its March quarter far below expectations. Advanced Micro Devices (AMD) traded down 2.9% in premarket trading, while Nvidia (NVDA) fell 2.1%. Read More...
Reuters
India cenbank governor says current account deficit manageable
India’s current account deficit is “eminently manageable” and within the parameters of viability, India’s central bank governor Shaktikanta Das said at an event on Friday. The net balance under services and remittances remains in a large surplus, partly offsetting the trade deficit, Das said at a conference in Dubai, according to a copy of the speech released by the central bank. While the global environment has turned hostile and uncertain, the Indian economy remains resilient, said Das, pointing to a strong financial system in the country and deleveraged corporate balance sheets.
