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Excerpts

A Tale of 2 Chinese Stocks

Source: Bloomberg

Shares of software and heavy equipment provider Wisesoft Co. Ltd. moved more than 6 percent higher on Wednesday morning. The local name of the company sounds like “Trump Wins Big” to Chinese speakers. It’s fitting that as a man who accumulated wealth through licensing deals en route to the presidency is now helping others profit off the association with his own.

Meanwhile, at Yunnan Xiyi Industrial Co. Ltd., an auto-parts manufacturer whose name sounds like “Aunt Hillary,” shares tumbled by 10 percent.

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Excerpts

RBI dismisses rumours of Chip Enabled 2000 Rs Notes

The Reserve Bank of India has dismissed as “figments of imagination” rumours that a new series of Rs 2,000 will come with a GPS-chip that will help government track illegal money transactions.

“Such a technology does not exist at the moment in the world, then how can we introduce such a feature?” RBI spokesperson Aplana Killawala told News18.

She said that the RBI website had detailed the security features of the new note and that there was nothing else besides what has been officially said, especially any possibly of a GPS-enabled chip.

 

Reports of a chip-enabled series of new currency notes had surfaced immediately after Prime Minister Narendra Modi announced on Tuesday that the government was scrapping the existing denominations of Rs 500 and Rs 1000 currency notes.-from News18

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Chart

Chart:What Modi is doing is Herculean

Source: Quartz

 

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Research

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Links

Linkfest: November 09,2016

Some stuff I am reading today morning:

Full Text of Govt statement banning 500 and 1000 Rs Notes (MC)

How do I get rid of my currency notes? (ET)

Nifty seen falling today (Mint)

India goes cashless (Bloomberg)

Stock Talk: Heritage Foods (RJ)

What are Emergency Funds and how to create them (FinGyan)

The best way to buy a flat in Pune (Ravi)

How to become a “2% Investor” (TRB)

“Interesting” Vs “Actionable” (Pension Partners)

Problems with Passive Investing (AA)