India builds first mass detention centre for 'illegal immigrants'

Nearly two million people – many of them Muslim – were left off the National Register of Citizens, published last month.

The Indian government is building the first mass detention centre for people in the northeastern state of Assam who are deemed to be “illegal immigrants”.

Nearly two million people – many of them Muslim – were left off the government’s National Register of Citizens (NRC), published last month.

Al Jazeera’s Hoda Abdel-Hamid reports.

Boris Johnson’s sister calls his language ‘tasteless’

Boris Johnson’s sister Rachel is among those criticising the prime minister for his language in the Commons.

Also, Scotland’s move to make alcohol cost at least 50p per unit has led to people drinking less.

And a former government lawyer has been sentenced for the crime of upskirting.

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Carnival warns of stormy seas ahead

Protests in Puerto Rico forcing popular cruise lines to abandon ship destinations

Mass protests in Puerto Rico are causing cruise ships to sail past the popular island. The protesters in San Juan are calling for Gov. Ricardo Rosselló to resign amid the leaking of homophobic and sexist chat messages.

Cruise line operator Carnival Corp. warned on Thursday morning that its fiscal year 2019 outlook will be below its previous expectations due to a jump in fuel prices, sending shares sharply lower.

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“Due to an $0.08 impact from the recent spike in fuel prices caused by geopolitical events, we are reducing our full year guidance for 2019 by $0.05 per share," Carnival President and CEO Arnold Donald said in the company’s third-quarter earnings release.

Carnival said rising fuel prices will shave 4 cents to 6 cents per share off its prior guidance. The company now expects to earn $4.23 to $4.27 a share, down from its June guidance of $4.25 to $4.35.

Carnival reported adjusted earnings of $2.63 a share on revenue of $6.5 billion.

Looking ahead to 2020, Carnival says cumulative advanced bookings for the first half of the year were ahead of the prior year, but booking volumes and prices have been running weaker since June.

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Shares of the cruise line operator were down 10.6 percent this year, including Thursday's loss.

Target is the best name in retail and can survive a downturn, says Cowen

Target is the best retailer in this strong consumer economy, and it is prepared in the case of an economic downturn, according to Cowen.

The firm named Target its top retail stock idea headed into the second half of 2019. Cowen has an outperform rating on the stock and hiked its price target to $130 from $120. Shares of Target closed at $106.80 on Wednesday.

"Despite TGT's strong stock run, with shares up +63% YTD, we are incrementally more upbeat following strong recent results and an improved margin outlook," said Cowen equity strategist Oliver Chen in a note to clients.

Axis Bank raises ₹12,500 crore to boost growth

‘Largest ever QIP by private issuer’

Private sector lender Axis Bank has raised ₹12,500 crore capital through qualified institutional placement (QIP) at ₹629 per share, the proceeds of which will be used to fund growth.

Terming the transaction the largest ever QIP by a private sector issuer in India, Axis Bank said it was able to raise the funds despite a challenging macro-economic and market environment.

“The placement has witnessed strong reception from the global and domestic investor community. The deal was oversubscribed with the aggregate final transaction size being ₹12,500 crore,” Axis Bank said in a statement.

The bank said the funds were raised to enhance its capital adequacy, in accordance with the regulatory requirements, for its growth strategy and for general corporate purposes.

The QIP issuance price of ₹629 per share is at a discount of 4.91% to the floor price of ₹661.50 per equity share, determined as per the SEBI formula.

“The reception for the QIP is an endorsement of Axis Bank and its strong fundamentals. We are excited about the opportunities that would be created through this capital raise,” Amitabh Chaudhry, MD & CEO, Axis Bank said.

Lag caged in same prison wing as step-dad who tortured and killed his sister, 2

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Trump warns of stock market crash as he rails against impeachment

President Donald Trump on Thursday warned of a stock market crash if he were to be impeached, as he reportedly demanded to know who gave a whistleblower information about his call with Ukraine’s president.

‘THE MARKETS WOULD CRASH’

Trump in an early-morning tweet cited Fox Business Network reporting about stocks dropping on House Speaker Nancy Pelosi’s call for an impeachment inquiry.

“If they actually did this the markets would crash,” Trump said. “Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!”

On Tuesday, equities SPX, -0.09%  extended their losses as it became apparent Pelosi would launch the inquiry. Wednesday, indexes DJIA, -0.08%COMP, -0.46% were in the green again but stocks were trading lower Thursday on soured trade optimism and impeachment headlines.

Meanwhile, the New York Times reported Trump told a private breakfast in New York, “I want to know who’s the person…who gave the whistleblower the information? Because that’s close to a spy.”

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