The funds will be deployed to strengthen the supply chain of the company, double the number of experience centres and invest in developing augmented reality technology.
In an interview to CNBC-TV18, George Hoguet, Global Investor Strategist at State Street Global Advisors spoke about the collapse that we have seen across global assets.
The international markets showed a strong rally overnight. George Hoguet, strategist of emerging markets at State Street Global Advisors feels that the global rally of the last couple of days isn’t sustainable.
Post Ben Bernanke’s assurance last night, markets seem to get almost a second life freeing itself from the anemic situation in brutal August. The Federal Reserve has pledged to keep interest rates near zero for at least two more years.The US markets saw their biggest one-day gain since May 2010.