Daily News | India takes on Philip Morris

It’s the final day of this trading week, so you’d better hurry if you still haven’t made your investments. As always, we bring you the most interesting stories on the market to help you choose your investment target with more success. Our story today comes from India, whose government has made some serious threats against Philip Morris, one of the biggest tobacco companies in the world. It seems that the company undertook marketing activities that were against Indian laws, such as handing out free packs of cigarettes and advertising in places where that was prohibited. The country’s biggest cigarette maker, ITC, is also involved, but both companies deny all accusations. The story broke out after Reuters concluded its investigation of Philip Morris, which caused the government to react.
In other news, we have to come back to Donald Trump once again. Investors have expressed fears that he will not be able to fulfill his campaign promises, especially the once concerning the economy, so the US dollar and many stocks experienced a slump. The currency fell to just 109.31 yen yesterday, while the Wall Street saw its indexes lose between 1.2% and 1.9% percent of their value in the same period. It’s now up to the president to try and reverse these trends and we will keep an eye on him in the days to come.

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Author: Max Rothstein
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