Ukraine is asking for security guarantees from the United States, European countries and Moscow as part of a possible settlement after the Russian invasion, a government adviser has said. Kiev has acknowledged that its long-term goal of joining NATO’s military alliance is distant due to Kremlin opposition, and is instead …
Read More »Russia’s invasion of Ukraine could change the global economic game
But the long-term consequences of the war could be deeper. Even before Russian President Vladimir Putin sent tanks and missiles to Ukraine, years of deteriorating US-China relations and failed global trade talks had blocked closer integration of financial and trade flows. that had been anticipated at the height of globalization. …
Read More »Arowana launches staking service to boost token security
SEOUL, Korea, March 04, 2022 (GLOBE NEWSWIRE) — Arowana, a decentralized intermediary platform that connects creators and buyers and the NFT marketplace where only creators who have passed verification can sell, has launched a new staking service. On March 2, Arowana (ARW) announced plans to launch the Staking Service, which …
Read More »Zipmex Partners with Polygon Studios and Celebrates the Launch of the NFT Platform with the First Metaverse Concert in Thailand
SINGAPORE, March 4, 2022 /PRNewswire/ — South East Asia leading digital asset platform Zipmex today announced a strategic partnership with Polygon studiosthe famous NFT and gaming branch of the Polygon blockchain, to expand its ecosystem by launching the NFT platform Zixel by Zipmex. Tens of thousands of people from around …
Read More »Russia scrambles to maintain oil sales, driving economy
In its sanctions campaign against Russia, the United States and its allies are doing everything possible to spare energy shipments and keep economies buzzing and voters warm. The oil market went on strike anyway. Acting as if energy is in the crosshairs of Western sanctions officials, refiners are reluctant to …
Read More »Exit Stage Left: Uncompetitive coal being crowded out by cheaper renewables
Last week, the owner of Australia’s largest coal-fired power station announced the early closure of its plant and replacement with the largest battery in the southern hemisphere. According to the CEO of Origin Energy, “The economics of coal-fired power plants are under increasing and unsustainable pressure from cleaner, lower-cost generation, …
Read More »G-20 finance chiefs pledge to monitor geopolitical risks and act on inflation
Finance chiefs from the Group of 20 advanced and emerging economies agreed on Friday to keep an eye on geopolitical risks amid growing concern over a possible Russian invasion of Ukraine, while pledging to take the necessary steps to contain inflationary pressures as oil and food prices rise. In a …
Read More »The Government of Canada invests in clean technologies by supporting the Center de développement des composites du Québec
DEC grants financial support to the CCTT of Cégep de Saint-Jérôme. This contribution is part of close $40 million to the government of Canada support for innovative projects in Quebec for a green and resilient economy. SAINT-JEROME, QC, February 16, 2022 /CNW Telbec/ – Canada Economic Development for Quebec Regions …
Read More »Tower Finance announces the launch of Algorithmic
SEOUL, Korea, Feb. 12 2022 (GLOBE NEWSWIRE) — Recently, Tower Finance proudly announced the launch of its Algorithmic Stablecoin. Algorithm-based stablecoins are new cryptocurrency variants designed to provide better price stability. In today’s market, more and more users are getting interested in it, as it can also help balance the …
Read More »Mexico’s finance chief prepares infrastructure plan to revive economy
Links to the breadcrumb PMN Company Author of the article: Bloomberg News Maya Averbuch and Nacha Cattan Publication date : February 04, 2022 • 10 minutes ago • 2 minute read • Join the conversation Content of the article (Bloomberg) – Mexico is preparing a multibillion-dollar infrastructure package with private …
Read More »NextPlay Technologies’ Longroot Selected by Ample Health to Lead Security Token Offering
SUNRISE, Fla., Jan. 27, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — NextPlay Technologies, Inc. (NASDAQ: NXTP), a digital commerce ecosystem for digital advertisers, consumers, video gamers and travelers, reported that its license long root The Digital Token Offering Platform will serve as financial advisor and underwriter for the Security Token …
Read More »Lubricants Market Research Report by Base Oil, by Product Type, by End-Use Industry, by Region – Global Forecast to 2027
Lubricants Market research report by Base Oil (Bio-Based Oil, Mineral Oil, and Synthetic Oil), by Product Type (Compressor Oil, Engine Oil, and Gear Oil), by End-Use Industry, by Region (Americas, Asia-Pacific, and Europe, Middle East and Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19 New York, Jan. …
Read More »Return of capital of $0.40 per share
CALGARY, Alta., January 18, 2022 /CNW/ – Pan Orient Energy Corp. (“Pan Orient” or the “Company”) (TSXV: POE) is pleased to announce that it has today received shareholder approval for its previously announced reorganization of capital. Over 99% of the votes cast were in favor of the required special resolution. …
Read More »The Korea Fund, Inc. (NYSE:KF) Brief Interest Update
The Korea Fund, Inc. (NYSE:KF) saw significant short interest growth in the month of December. As of December 31, there were short interests totaling 7,400 shares, a growth of 76.2% from the total of 4,200 shares as of December 15. Based on an average daily volume of 8,600 shares, the …
Read More »India and Sri Lanka review progress in providing loans worth $1.5 billion | Latest India News
NEW DELHI: India and Sri Lanka on Saturday reviewed progress in providing loans worth a total of $1.5 billion to the island nation for emergency purchases of food, medicine and supplies. fuel to overcome an economic crisis. The matter featured in a virtual meeting between Foreign Minister S Jaishankar and …
Read More »Global Financial Crash: China’s ‘Pearl In The Crown’ Latest To Undergo Economic Crisis | City & Business | Finance
As uncertainty mounts over the future of China’s real estate market, a bank now appears to be caught up in the crisis. Founded in 1996, shares of China Minsheng Banking Corp have now fallen due to its loans to debt-ridden companies such as China Evergrande. Over the past year, the …
Read More »South Korea boosts Nigeria’s solar projects with $ 12.4 million
South Korea has allocated $ 12.4 million to finance the installation of solar mini-grids in rural Nigeria. The project, led by the Korea Institute for Technological Advancement (KIAT), is expected to begin in April 2022. With its “30:30:30 Vision”, Nigeria hopes to have 30 GW of installed electricity capacity by …
Read More »Nuclear and natural gas taxonomy battles brewing in Europe and South Korea
A project to leak the European Commission’s proposal to qualify certain natural gas and nuclear power plants as “transitional” or “green” investments has caused some members of the European Union (EU) to retreat. Critics are also mounting in South Korea, where liquefied natural gas (LNG) has been included in its …
Read More »Is the Fed ready for another Minsky moment if the asset price bubble bursts?
Text size People use an escalator outside a housing complex of Chinese real estate developer Evergrande, whose financial difficulties suggest that China’s real estate and credit growth pattern may be in decline. NOEL CELIS / AFP / Getty Images About the Author: Desmond Lachman is a senior fellow at the …
Read More »Will Biden’s foreign policy failures in 2021 reverberate in 2022?
From a national security perspective, Americans won’t fondly remember 2021. Self-inflicted injuries, delusional political goals, underestimated strategic threats, and powerlessness in the face of immediate threats unfortunately characterized the Biden administration’s approach. Good news was scarce. But continuing a 61-year bipartisan tradition, Congress this year passed the $ 768 billion …
Read More »Bitcoin Investors In The Buying Frenzy As Prices Go Down; SHIB loses despite good news
The global crypto market reported losses throughout New Years Day. The market cap at 4:01 p.m. was $ 2.22 trillion, down 1.65%, according to coinmarketcap data. Trading volume is also down 11.45% to $ 83.24 billion, which could be a mixed signal given a weak market start for 2022. In …
Read More »2021 end-of-year shareholder update
CEDARTOWN, GA / ACCESSWIRE / December 31, 2021 / Phoenix Rising Companies (OTCQB: PRCX) Dear shareholders, Thank you for your continued interest in Phoenix Rising Companies. 2021 has been a year of change and opportunity for the company. There were many professionals and staff in the company who helped us …
Read More »Everything you need to know to start trading on December 24
Adani Companies: Incorporates the names of wholly owned subsidiaries Adani Data Networks Ltd. Logistics Allcargo: The board of directors has approved a split plan in which all container freight stations, inland container depots and all other related logistics activities of the company will be merged into Allcargo Terminals Pvt. Ltd. …
Read More »Wealth Enhancement Group Partners With San Diego Area Hybrid Registered Investment Advisory Firm The Gensler Group LLC
RIA Hybrid in Coronado, Calif. Has more than $ 512 million in client assets The addition of The Gensler Group continues Wealth Enhancement Group’s strategic expansion in Southern California and brings total client assets to over $ 55.5 billion MINNEAPOLIS, December 16, 2021 / PRNewswire / – Wealth Enhancement Group, …
Read More »Nicox Announces First Patient Screened In China In Ongoing NCX 470 Denali Phase 3 Glaucoma Trial
December 16, 2021 – release at 7:30 am CET Sophia Antipolis, France Nicox SA (Euronext Paris: FR0013018124, COX), an international ophthalmology company, today announced that the first patient has been screened in China as part of the ongoing Denali Phase 3 clinical trial, paving the way for submissions new drugs …
Read More »Dry bulk player SW Shipping plans to enter the booming container market
Donghae Port Credit POSCO By Martina Li in Taiwan 12/15/2021 South Korean dry bulk carrier operator SW Shipping will become the newest entrant in container shipping next year, operating a shortsea service to Vietnam from South Korea. SW CEO Kang Seong-hun signed a memorandum of understanding with the government of …
Read More »Magnachip and Wise Road Capital Announce Withdrawal of CFIUS Deposit and Mutual Termination of Merger Agreement
– Magnachip adopts a limited-term shareholder rights plan Seoul, South Korea, December 13, 2021 / PRNewswire / – Magnachip Semiconductor Corporation (“Magnachip Corp.” or the “Company”) (NYSE: MX), United States (Delaware) parent company of Magnachip Semiconductor, Ltd., and South Dearborn Limited, a company incorporated in the Cayman Islands, and Michigan …
Read More »Asian stocks climb but Omicron worries leave markets nervous
By Alun John HONG KONG (Reuters) – Asian stocks edged up in choppy trading on Thursday, helped by advances in Chinese real estate stocks, although fears over the Omicron variant of the novel coronavirus have capped gains regionally. Remarks by Fed Chairman Jerome Powell also weighed on stock markets, reiterating …
Read More »SQZ Biotechnologies Announces Acceptance by Roche Accelerator in China | Business and finance
WATERTOWN, Mass .– (BUSINESS WIRE) – December 1, 2021– SQZ Biotechnologies Company (NYSE: SQZ), a cell therapy company developing new treatments for multiple therapeutic areas, today announced that its Chinese initiative has been accepted by the Roche Accelerator. Launched earlier this year, the accelerator is Roche’s first internal accelerator in …
Read More »Decoupling is the last thing on the minds of business leaders
November 27, 2021 IF YOU WANT To understand how Asia’s view of the world order has changed, consider the remarks of Lee Hsien Loong, Prime Minister of Singapore. When asked recently if China is on the rise and the United States is on the decline, he responded in a nuanced …
Read More »Asean News Headlines at 10 p.m. on Saturday (November 27)
Malaysia: Covid-19 watch: 5,097 new cases bring the total to 2,619,577 Covid-19: most of 5,097 new cases are asymptomatic, have mild symptoms, according to DG Health Covid-19: Ministry of Health is closely monitoring WHO and other countries on Omicron variant, according to Khairy Johor MB hopes the number of people …
Read More »Latest information on the global spread of the coronavirus
The resurgence of the coronavirus in Germany, Denmark and the Netherlands has warned the world that the pandemic has yet to be suppressed. Here are the latest developments. EUROPE * Germany’s health minister called for new restrictions to contain a “dramatic” increase in cases as the country’s infection rate hit …
Read More »Land Tax Concerns for Chinese Homeowners and Buyers Amid Xi Jinping’s Common Prosperity Campaign
“We must actively and steadily push forward land tax legislation and reform, and carry out the pilot projects well,” President Xi Jinping said in August when he explained his vision of leading the Chinese people to the so-called common prosperity, with the property tax being one of the main objectives. …
Read More »Lubricants Market Research Report By Base Oil, By Product Type, By End Use Industry, By Region – Global Forecast To 2026
Base Oil Lubricants (Bio-based Oil, Mineral Oil & Synthetic Oil) Lubricants Market Research Report, By Product Type (Compressor Oil, Motor Oil & Gear Oil), By End Use Industry, By Region (Americas, Asia-Pacific, and Europe, Middle East, and Africa) – Global Forecast to 2026 – Cumulative Impact of COVID-19 New York, …
Read More »Finance Minister Simon Birmingham slams ‘dangerous and narrow’ pro-China remarks by former PM Paul Keating
Finance Minister Simon Birmingham blasted Labor heavyweight Paul Keating’s pro-China criticism of the Coalition’s Indo-Pacific defense decisions, calling his comments “frankly dangerous”. Former Labor Prime Minister Paul Keating’s scathing assessment of the Morrison government’s policy decisions in the Indo-Pacific was called short-term, narrow and dangerous by Finance Minister Simon Birmingham. …
Read More »UPDATE 2-Japan loosens COVID-19 border barriers, lagging behind major partners
(Addition of comments from the American lobby, the CEO, the expert; paragraphs 8,9,11-14) By Rocky Swift TOKYO, Nov. 2 (Reuters) – Japan on Tuesday confirmed plans to gradually ease COVID-19 border restrictions, but failed to respond to demands from business lobbies to open up in line with major trading partners …
Read More »The first NFT art made by an elephant auctioned on OpenSea
An immensely talented seven-year-old elephant has decided to join the growing NFT space by creating his own art. Art that shows everything this elephant sees – trees, animals, blue skies, or even self-portraits can now be purchased as NFTs by Tunwa at the Maetaeng Elephant Park & Clinic in Chiang …
Read More »Thrasio raises $ 1 billion in funding led by Silver Lake
(Bloomberg) – Thrasio Holdings Inc., an Amazon.com Inc. product aggregator, raised more than $ 1 billion in a private funding round led by tech investor Silver Lake. Bloomberg’s Most Read Silver Lake, a new investor in Thrasio, has been joined by existing investors including Advent International, Upper90, Oaktree Capital Management …
Read More »China Expands Land Tax Trials in Next Stage of “Common Prosperity” Campaign
China has widened the lawsuits over a property tax, a move that pits President Xi Jinping against vested interests deeply rooted in an economy fueled for decades by real estate development. The state council, the Chinese cabinet, will expand pilot programs to tax residential and commercial property in cities, according …
Read More »Pensions alert, UK system ranked among world’s best, beating Germany, France and Spain | Personal Finances | Finance
Britain came ninth on a list of 43 developed countries and edged out other European nations after being ranked 15th last year, according to the Mercer CFA Institute’s annual world pensions index. The report examined the security and sustainability of public and private retirement income, as well as whether or …
Read More »NextPlay Technologies, Inc. Announces Plans to Launch New Category of Tokenized Medical Real Estate in Conjunction with NextPlay Expansion into Medical Tourism
SUNRISE, FL, October 20, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – NextPlay Technologies, Inc. (NASDAQ: NXTP) (the “Company” or “NextPlay”), a digital business ecosystem for consumers, digital advertisers, video gamers and travelers, today announced plans to form the MedTrek Fund, which is expected to be a closed-end fund securitized by …
Read More »Influx of goods from China is straining Russian rail network
* Global shipping delays increase attractiveness of rail routes through Russia * Rail volumes from China up 47% in the first nine months of 2021 * Growth exposes problems with track, checkpoints, rolling stock * The government is planning investments, the operator is looking for a faster pace By Gleb …
Read More »Geotechnical Engineering and Design Software Market Research Report by Platform, End User, Application, Region – Global Forecast to 2026
Geotechnical Engineering and Design Software Market research report by Platform (Application-Based & Web-Based), By End-User (Commercial, Industrial & Infrastructure), By Application, By Region (Americas, Asia-Pacific and Europe, Middle East and Africa) – Global forecasts to 2026 – Cumulative impact of COVID-19 New York, October 18, 2021 (GLOBE NEWSWIRE) – Reportlinker.com …
Read More »Element Finance Raises Second Fund to Lend $ 40 Million to Growing SaaS Companies
(image: Korea Bizwire) SAN ANTONIO, October 12 (Korea Bizwire) – Element Finance, a leading growth finance provider offering flexible and capital efficient venture finance and income-based financing solutions, announced the raising of its second fund, giving it access to over 40 millions of dollars. The investment comes from both new …
Read More »Factoring Market Research Report by Type, Industry, Region – Global Forecast to 2026
Factoring Market Research Report By Type (International Factoring, Non-Notification Factoring & Notification Factoring), By Industry (Aerospace & Defense, Automotive & Transportation & Banking, Financial Services & Insurance), By Region (Americas, Asia – Pacific and Europe, Middle East and Africa) – Global forecasts to 2026 – Cumulative impact of COVID-19 New …
Read More »Bitcoin price rally fueled by $ 1.6 billion purchase of whales, blockchain data shows
One or a group of big bitcoin buyers, also known as bitcoin whales, appear to be behind Wednesday’s price hike, based on data showing large purchases of bitcoin on exchanges at the start of hours of negotiation in the United States. But why the whale – or whales – placed …
Read More »With $ 150 million loan to Ecuador, US aims to compete with China’s Belt and Road: NPR
President Biden addresses the United Nations General Assembly, where he pleaded for investing in developing countries. Eduardo Munoz-Pool / Getty Images hide caption toggle legend Eduardo Munoz-Pool / Getty Images President Biden addresses the United Nations General Assembly, where he pleaded for investing in developing countries. Eduardo Munoz-Pool / Getty …
Read More »Thailand to rely more on bonds to close $ 68 billion funding gap
(Bloomberg) – Thailand plans to dramatically increase the share of long-term sovereign bonds to meet its financing needs as Southeast Asia’s second-largest economy continues to suffer from the coronavirus pandemic. Bloomberg’s Most Read Bonds will account for 48% to 56% of government borrowing of 2.3 trillion baht ($ 68.4 billion) …
Read More »The Stakes Rise For Singapore’s Big Crypto Bet
Banned by China, facing a crackdown in South Korea and further restrictions in Hong Kong, the cryptocurrency industry has taken hold of Singapore as an unlikely Asian alternative. The country of 5.5 million people has long relied on financial services to fuel its $ 344 billion economy, and it is …
Read More »New Japanese Prime Minister Kishida to Maintain Strong Fiscal and Monetary Support
By Leika Kihara TOKYO (Reuters) – Japan’s struggle to emerge from the pandemic-induced doldrums will leave the next Prime Minister Fumio Kishida with no choice but to maintain massive fiscal and monetary support for a fragile economy. But Kishida could gradually shed the legacy of former Prime Minister Shinzo Abe’s …
Read More »ChemoCentryx Announces Japanese Approval of TAVNEOS ™ (Avacopan) for Treatment of Vasculitis Associated with ANCA
Approved for use in Japan in patients with microscopic polyangiitis and granulomatosis with polyangiitis SAN CARLOS, Calif., September 27, 2021 (GLOBE NEWSWIRE) – ChemoCentryx, Inc., (Nasdaq: CCXI), today announced that Kissei Pharmaceutical Co., Ltd. has received approval from the Japanese Ministry of Health, Labor, and Welfare (MHLW) to market TAVNEOS …
Read More »Evergrande crisis highlights China’s shortcomings
Sep 25, 2021 VSVASTE OF HINA and the opaque financial system has long been a threat to its economy and the world. The anxieties of Evergrande, a real estate company with huge debts, are a reminder of how difficult it is to manage risk. The government is trying to impose …
Read More »Analysis: China’s commitment to cut project finance is the ‘new normal’ for coal
A leaf sits on top of a pile of coal in Youngstown, Ohio, USA, September 30, 2020. REUTERS / Shannon Stapleton / File Photo MELBOURNE / JAKARTA, Sept. 23 (Reuters) – Australia and Indonesia, the world’s largest coal exporters, face an accelerating decline in global demand for their coal shipments …
Read More »Federal Reserve plans to hike rates in 2022
This is an audio transcript of the FT News Briefing podcast episode: Federal Reserve plans to hike rates in 2022 Marc FilippinoHello from the Financial Times. Today is Thursday, September 23. And this is your FT News Briefing. [MUSIC PLAYING] The Federal Reserve’s timetable for raising interest rates appears to …
Read More »Stocks rose the most since July before the Fed’s decision: markets are enveloping
(Bloomberg) – US stocks rose the most since July, as concerns over China Evergrande Group’s debt problems eased ahead of the Federal Reserve’s policy move on Wednesday. T-bills and the dollar have changed little. Bloomberg’s Most Read The S&P 500 climbed to 1.3%, led higher by the energy and financials …
Read More »Failure to address structural issues lowers Korea’s potential growth rate
A general view of Lotte Tower (center front) and Namsan Tower (center back) amid Seoul city skyline and the Han River at sunset in 2018. Before the outbreak of the pandemic in Korea. South early last year, there were warnings that a decline in labor productivity, a shrinking working-age population …
Read More »Industry body says Thai government needs to borrow additional 1,000 billion baht
The president of the Federation of Thai Industries calls on the government to borrow an additional 1,000 billion baht to boost the economy in 2022. Supant Mongkolsuthree says more funds are desperately needed to revive an economy devastated by the fallout from the pandemic. According to a report from the …
Read More »Experts call for a boost to green finance
MA XUEJING / CHINA DAILY Risk mitigation, innovative products are among the main recommendations China should improve the risk mitigation mechanism of green finance and develop innovative financial products whose underlying assets are energy equity such as emission credits and energy consumption quotas, to achieve a peak carbon emissions by …
Read More »Transformational macroeconomic trends shaping developed Asia through 2026
DUBLIN, September 20, 2021 / PRNewswire / – The report “Transformational Macroeconomic Trends Shaping Developed Asia Until 2026” has been added to ResearchAndMarkets.com offer. Research and Markets logo This research examines the national vision, the change in macroeconomic policy, new trade agreements and the industries promoted since the start of …
Read More »Here’s why Europe, desperate for gas, isn’t buying LNG
(Bloomberg) – A record rise in natural gas prices in Europe does not mean that it has become lucrative to send all available molecules to the region. Even though European prices have more than tripled this year, they have yet to exceed the prices of liquefied fuel delivered to Asia, …
Read More »This stock market beats the United States, China, United Kingdom, Europe and Japan. | Personal Finances | Finance
Everyone loves Indian summer, especially investors, and many are cramming into the country’s scorching stock market. Indian stocks have risen 53.70% in past 12 months, according to MSCI. Investors are making a fortune. The Indian stock market is ahead of China, where stocks fell 5% in the year ending Aug.31. …
Read More »UPDATE 2-Japanese Prime Minister’s Candidates Deny Watering Down Opinions on Hot Issues to Get Votes
(Add the latest media poll) By Ju-min Park and Leika Kihara TOKYO, Sept. 18 (Reuters) – Two of the candidates vying for the next prime minister of Japan on Saturday denied toning down their positions on nuclear power and gender issues to gain Tory support in a close election to …
Read More »Fed policy and Evergrande debt weigh on sentiment
Recap: European and emerging markets were mixed on Friday as investors and global traders assessed the prospect of a reduction in US Federal Reserve stimulus and the risks of a likely default from the Chinese real estate developer riddled with Evergrande debts. The SET index traded in a narrow range …
Read More »Alpha Kappa Alpha Sorority, Inc.® Seeks To Continue To Give HBCU A Financial Boost With Million Dollar One Day Campaign
Despite progress and national direction, historically black colleges and universities across the country still need public support. CHICAGO, September 17, 2021 / PRNewswire / – For the fourth consecutive year, Alpha Kappa Alpha Sorority, Incorporated® will devote a progressive objective to $ 1 million in 24 hours for their national …
Read More »Electric vehicles will experience substantial growth and infrastructure development will expand accordingly
Dublin, Sep 16, 2021 (GLOBE NEWSWIRE) – The report “Thailand Automotive Outlook, 2021” has been added to ResearchAndMarkets.com offer. Thailand’s TIV fell 21.4% in 2020 from 2019. Sales are expected to increase 8.7% (year-on-year growth rate) in 2021 to reach 861,000 units. The commercial vehicle (CV) segment continues to dominate …
Read More »Fitch Downgrades China Evergrande, Sees “Likely” Default
By Andrew Galbraith (Reuters) -Fitch Ratings lowered the ratings of China Evergrande Group and two of its subsidiaries on Wednesday, the latest in a series of downgrades targeting the real estate company amid concerns over its ability to restructure its massive debts. Regulators have warned that Evergrande’s liabilities of 1.97 …
Read More »Stocks stretch gains, hovering near record highs
Stocks gained on Tuesday, hovering near all-time highs as optimism about earnings and the economic reopening at least temporarily offset lingering concerns about the virus and monetary policy changes. The S&P 500 rose slightly. Major tech stocks including (AMZN) increased their gains and the Nasdaq outperformed to set an intraday …
Read More »Goldman Sachs and BofA see decade lost for emerging markets
(Bloomberg) – High commodity prices and earnings growth expectations trigger bullish bets on emerging market stocks after more than a decade of underperformance that has left them near a 20-year low by in relation to the actions of developed countries. Goldman Sachs Group Inc., Bank of America Corp. and Lazard …
Read More »OneConnect announces that its management intends to increase its participation, demonstrating confidence in the prospects of its business
SHENZHEN, China, August 12, 2021– (COMMERCIAL THREAD) – OneConnect Financial Technology Co., Ltd. (“OneConnect” or the “Company”) (NYSE: OCFT), a leading technology-as-a-service platform for financial institutions in China, today announced that it has been briefed by its President and CEO and certain other members of its management team of their …
Read More »India, US see cash inflows after China crackdown
By Divya Chowdhury MUMBAI, Aug.11 (Reuters) – India, the United States and parts of other emerging markets have seen inflows of funds redirected from China as recent regulatory crackdowns in the world’s second-largest economy have spooked investors. markets, according to seasoned investor Mark Mobius. “I would say half the money …
Read More »Portable Ultrasonic Devices Market Research Report by Device Type, Application, End User, Region – Global Forecast to 2026
Portable Ultrasound Devices Market Research Report By Device Type (Wearable & Mobile), By Application (Cardiovascular, Gastric & Musculoskeletal), By End User, By Region (Americas, Asia Pacific & Europe, Middle East and Africa) – Global Forecast to 2026 – Cumulative Impact of COVID-19 New York, Aug 09, 2021 (GLOBE NEWSWIRE) – …
Read More »AirAsia’s BigPay Secures $ 100 Million Funding From South Korean Group SK
KUALA LUMPUR (Aug 6): BigPay, the electronic wallet unit of AirAsia Group Bhd, has secured up to $ 100 million in funding from South Korean conglomerate SK Group to continue its mission to become the leading challenger bank in South East Asia. With the funds, the company intends to expand …
Read More »BIT Mining announces the abolition of the VIE structure and the sale of the Chinese lottery business
HONG KONG, China, July 23, 2021 / PRNewswire / – BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or “the Company”), a leading cryptocurrency mining company, today announced its decision to eliminate its structure from variable interest entity (“VIE”) and sell its Chinese lottery-related activities for nil consideration. BIT Mining’s consolidated …
Read More »China Telecom gears up for biggest share sale of 2021 after US ban
(Bloomberg) – Six months after being kicked from the New York Stock Exchange, China Telecom Corp. has received regulatory approval for a major share sale in Shanghai that is expected to be the largest in the world to date in 2021. The plan to raise 54.4 billion yuan ($ 8.4 …
Read More »SCB 10X Announces Second Annual DeFi Global Virtual Summit, “REDeFiNE Tomorrow 2021”
Bangkok – SCB 10X (https://www.scb10x.com/), the venture capital arm of Siam Commercial Bank of Thailand and one of the largest venture capital funds in Southeast Asia, announced today that it will host its second annual global virtual summit on decentralized finance, REDeFiNE Demain 2021, from July 22 to 23 from …
Read More »Everything you need to know to start trading on July 20
A sell-off in global equities continued in Asia early Tuesday as the spread of the delta coronavirus variant stirs concerns about the resilience of the economic recovery and strengthens safe-haven assets. Shares fell in Japan, Australia and South Korea, but declines were ordered. US contracts edged up after the S&P …
Read More »Kuroda critic warns BOJ have little leeway over stimulus exit
By Leika Kihara and Kentaro Sugiyama TOKYO (Reuters) – The Bank of Japan has little leeway on how and when to cut stimulus measures given the scale and sweeping nature of its policies, said Kunio Okina, an academic known as a outspoken criticism of Governor Haruhiko Kuroda’s monetary experiment. Missing …
Read More »Fire at a chemical plant in Thailand; health problems remain
BANGKOK (AP) – Firefighters finally put out a blaze at a chemical plant just outside the Thai capital early Tuesday, more than 24 hours after it started with an explosion that damaged nearby homes and then spread let out a cloud of toxic smoke which caused a widespread evacuation. Little …
Read More »Foreigners sink deeper into China with record local debt spree
(Bloomberg) – Foreign funds pushed deeper into the Chinese bond market in June, making their biggest purchases of municipal debt. Foreign investors added 730 million yuan ($ 113 million) in local government notes, according to figures from ChinaBond. While this is small compared to the 13.4 billion yuan of sovereign …
Read More »Fortress-led investor group closes £ 9.5bn deal to buy Morrisons
A trio of private investment groups led by Fortress, owned by SoftBank, have reached a £ 9.5 billion deal to acquire Wm Morrison, Britain’s fourth-largest supermarket chain. Under the terms of a deal unveiled Saturday morning, Fortress, Canadian pension fund CPPIB and a unit of Koch Industries will pay 252p …
Read More »Prayut’s government stuck in a self-made trap
People get Covid vaccines on May 30 at CentralWorld. Spiraling infections and jab shortages can lead to political upheaval. VARUTH HIRUNYATHEB Thailand’s multi-layered crises, from persistent viral infections and vaccine shortages to economic damage, are turning into a potential political upheaval. The devastating Covid-19 crisis is worse than Tom Yum …
Read More »Japanese bank buys nearly 5% of RCBC’s capital
The executives of Rizal Commercial Banking Corp. (RCBC) announced on Tuesday that one of Japan’s largest banks will buy a nearly 5% stake in the Yuchengco-led publicly traded lender. According to John Thomas Deveras, senior executive vice president of RCBC and group head of strategic initiatives and asset management, Sumitomo …
Read More »Live Markets, Monday June 28, 2021
Asian markets appear poised to trade cautiously as they open Monday as investors assess the pace of the economic recovery. Futures were little changed in Australia, Japan and Hong Kong. Australian actions will be closely watched after Sydney enters a two-week lockdown to stem a Covid-19 resurgence. The S & …
Read More »Japanese distillers flock to overseas markets with shochu
TOKYO – Japan shochu manufacturers are struggling to gain a foothold in overseas markets as they grapple with shrinking populations at home. Shochu, a traditional distilled liquor, is usually made from grains or potatoes. Distillers have been hit hard by the coronavirus pandemic, but their main long-term challenge – a …
Read More »Oil prices continue to rise despite resistance
Oil prices are set to close another week of gains despite fears of a return to Iranian production and OPEC + preparing to increase production. Friday 25 June 2021 Oil looks set to close another week of gains, although trade has turned volatile this week as OPEC + prepares to …
Read More »World Bank approves $ 400 million loan to Philippines
Posted: June 25, 2021, 12:41:05 PM The World Bank has approved a loan of US $ 400 million to support reforms that will help the Philippine government build a resilient financial sector and help ensure a more inclusive recovery from the COVID-19 pandemic. The bank said on Friday that the …
Read More »Analysts see China as a drag, or “much ado about very little”
Nike (NKE) is expected to release its quarterly results after the bell on Thursday, with analysts questioning whether the brewing political problems in China will have an impact on the sports equipment giant’s results. Here’s what Wall Street expects when Nike releases its fiscal fourth quarter results, according to a …
Read More »Covid-19 Catalyzes Rapid Growth of Regtech Industry in Asia-Pacific
– Business Ireland unveils the regtech APAC landscape in the new “State of regtech in APAC” report. – The development gap between developed and developing economies is cited as a key concern for the regtech industry going forward. BEIJING, June 23, 2021 / PRNewswire / – Regtech in Asia Pacific …
Read More »Thailand achieves better competitiveness rate
Traisuree: PM satisfied with the result Prime Minister Prayut Chan-o-cha is pleased with the improvement in the country’s competitiveness revealed by the World Competitiveness Center, said deputy government spokesperson Traisuree Taisaranakul. Fitch Ratings, meanwhile, maintained Thailand’s sovereign credit rating at BBB + despite the economic slump caused by the Covid-19 …
Read More »Healthcare leveraged finance issues soar | White & Case LLP
Leverage financing activity in the healthcare sector saw strong gains through the first quarter of 2021, as the pandemic response saw the sector attracting steady investor inflows and interest in mergers and acquisitions As the pandemic continues to weave its way across the world as vaccines are rolled out, the …
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