March. 9. 2022 Settings Finance 2022-03-09 16:06 Inflation will put the new president in the dilemma of stimulus spending Shoppers walk past a fruit vendor at a traditional …
Read More »Chinese stocks fall amid geopolitical tensions; focus on the parliamentary meeting
SHANGHAI, March 4 (Reuters) – Chinese stocks fell on Friday amid geopolitical tensions and concerns over the property market, with investors nervously watching for hints of an easing of measures at the next congressional meeting. The CSI300 index (.CSI300) fell 0.9% to 4,509.53 at the end of the morning session, …
Read More »CEO Spotlight: Jakapun Viwatkurkul, CEO and Chairman of Mstar Holding
Jakapun Viwatkurkul is the CEO and Chairman of Mstar Holding, a global CONGLOMERATE holding company heavily invested in sectors such as advanced technology development, food, real estate, e-commerce, gold mining, telecommunications , finance, education and healthcare with current expansion in Thailand, United Arab Emirates and India. With the company’s recent …
Read More »China’s real estate market is expected to rebound this year
By Liangping Gao and Ryan Woo BEIJING (Reuters) – Shaken by a shortage of cash among developers, China’s property market is expected to remain weak in the first half of 2022 before rebounding later in the year as policies aimed at encouraging buyers help restore sentiment, according to a Reuters …
Read More »The week that was — February 14-19
Traders continue to stay busy as the flurry of news from the private markets shows. Let’s dive into the big stories of the past week. The Bargain corner One of our scoops this week featured Indonesian digital payments platform Xendit, which is finalizing a new funding round worth over $200 …
Read More »Sensex, Nifty end a bit lower; Cement UltraTech, M&M, Infy, RIL weight
India’s stock market continued its lackluster trading for the third straight session as it struggled for firm direction amid the absence of any major developments on the domestic or global front. Additionally, mixed signals from global peers also weighed on the market, with lingering concerns over Ukraine-Russia tensions and fears …
Read More »Spotlight on Trusts & Estates Attorney Joseph Bellinghieri (1)
Our Spotlight series sheds light on the careers and lives of tax professionals around the world. This week’s Spotlight is on Joseph Bellinghieri, a tax attorney who represents individuals and businesses with a variety of real estate, tax, real estate and business issues at MacElree Harvey in West Chester, PA. …
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 »China’s wild markets raise the stakes for traders buying into the rally
(Bloomberg) — The battle between fear and greed is wreaking havoc on Chinese financial markets. Bloomberg’s Most Read With China bulls finally getting some vindication as the country’s stocks and bonds rally, the past week shows that investors need to be prepared for wild swings. Take Country Garden Holdings Co., …
Read More »Asian stocks mixed after China reports slower growth
BANGKOK (AP) — Stocks were mixed in Asia on Monday after China reported its economy grew at an annual rate of 8.1% in 2021, though growth slowed to half that level in the last quarter. . Tokyo, Shanghai and Sydney rose, while Hong Kong and Seoul fell. The weakness of …
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 »Live News: Eurozone inflation hits record 5%
Britain’s richest 10% own nearly half of all the country’s wealth, according to pre-pandemic data, even as inequality has remained stable for the 14 years leading up to March 2020. A tenth of households held 43% between April 2018 and March 2020, data from the Office for National Statistics showed …
Read More »Chinese developer Shimao defaults on fiat loan
SHANGHAI / HONG KONG (Reuters) – Chinese developer Shimao Group defaulted on a loan after missing a payment of 645 million yuan ($ 101 million), the lender said in a letter seen by Reuters on Thursday in the last sign of distress in China’s property sector. China Credit Trust Co …
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 »New Year’s Trend: The Demand For Tech Roles Here To Stay
Nicolas Dumoulin, senior managing director, Michael Page India and Thailand, told FE that when there is a change, the increase in jobs increases by 25-30%. Technology roles will continue to be in demand during the current calendar year across industries as digital transformation remains key for businesses. Overall, the year …
Read More »Thailand’s Central Distribution Group Signa Acquires Selfridges | KOLR
Posted: Dec 24 2021 / 05:31 CST / Update: Dec 24 2021 / 05:31 CST A general view of the Selfridges department store in London on Friday, December 24, 2021. The Thai Core Group and Signa from Austria have confirmed their intention to purchase British luxury department store chain Selfridges. …
Read More »How the Chinese property crash is affecting Australia’s iron ore exports
The Chinese real estate market is in shambles, but now it’s “doubling” with a risky move – and the impact on Australia could be catastrophic. When the mining boom began shortly after the impact of the global financial crisis began to be felt around the world, some believed it would …
Read More »Oil prices rise as Omicron fears fade
Oil markets are starting to show signs of recovery following news that Omicron’s impact on demand may not be as large as originally thought. Friday, December 10, 2021 Oil markets as a whole heaved a sigh of relief upon learning that the Omicron variant of COVID-19 may not be as …
Read More »Global stocks are mixed as China prepares to boost markets
BANGKOK (AP) – European stocks and US futures rose on Monday after a lackluster day in Asia, where stocks fell in Hong Kong and Shanghai after struggling Chinese real estate developer Evergrande warned it could running out of money. Take action to reassure investors and avoid blocking growth, The central …
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 »Enlitic Becomes First U.S. AI Imaging Company To Receive Regulatory Approval To Market In Japan
SAN FRANCISCO, November 30, 2021 / PRNewswire / – Enlitic, in collaboration with Konica Minolta Inc. and Marubeni Corporation, today announced that its AI-based product for chest x-ray analysis – CXR-AI – has received approval from Japanese regulators and will be available in the trade through Japan. With this approval, …
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 »Vietnam has produced a new class of billionaire entrepreneurs
TIT ECONOMICAL Vietnam’s development now has a permanent monument in one of the world’s most prestigious learning locations. After a $ 207 million investment announced earlier this month by Sovico, a Vietnamese holding company, Oxford University’s Linacre College (for graduate students) is set to be renamed in honor of Nguyen …
Read More »Thai youth unemployment at new high
Thai youth unemployment at new high Pandemic restrictions hamper the entire labor market, with possible longer-term consequences, says ILO report Job seekers look at a job board at a job fair held last year in Bitec. (Photo: Wichan Charoenkiatpakul) Unemployment among young men and women in Thailand has reached an …
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 »How a Chinese billionaire flew near the sun
By Julie Zhu and Kane Wu HONG KONG (Reuters) – It was supposed to be Jack Ma’s best hour: a year ago to the day, his group Ant was set to go public in a $ 37 billion torch of glory. Instead, Beijing has put the brakes on its empire, …
Read More »New StrategyR Study Highlights $ 110.6 Billion Global Market for Lighting Fixtures and Fixtures by 2026
SAN FRANCISCO, November 2, 2021 / PRNewswire / – A new market study released by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Lighting Fixtures and Fixtures – Global Market Trajectory and Analysis”. The report presents new perspectives on the opportunities and challenges …
Read More »China’s long wait for a tax everyone likes to hate
IF SUN YAT-SEN if he had succeeded, China would have been a bold pioneer in real estate taxation. During his exile in Europe from 1896 to 1898, the Republican revolutionary fell under the spell of Henry George, an influential American journalist who believed that a single property tax should replace …
Read More »China warns unlicensed online brokerages they are breaking the law
SHANGHAI (Reuters) – Unauthorized online brokers in China carry out illegal activities if they serve Chinese clients via the Internet, a Chinese central banker said, in the first official comment on recent reports pointing out the regulatory risks facing them companies such as Futu Holding, listed in the United States. …
Read More »Stocks struggle amid mixed income; Bond gains: market envelope
(Bloomberg) – Stocsk in Europe fell to near record on Wednesday and bonds gained amid mixed earnings reports, lower commodity prices and new concerns about the region’s economy . Bloomberg’s Most Read Mining stocks led the Stoxx Europe 600 index down as commodity prices, especially aluminum and iron ore, fell …
Read More »ZIQ presents a metaverse for trading real estate virtually on 3D maps
Singapore – (Newsfile Corp. – Oct 26, 2021) – ZIQ is proud to present a metaverse for trading real estate virtually on 3D maps. Virtual real estate trading is nothing new to the crypto world, but ZIQ aims to do it differently by combining virtual real estate with real world …
Read More »CSCW) engages an international company to help with cultural tourism related to real estate
NEW YORK, 25 October 2021 / PRNewswire / – Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star “or the “Company “), an entertainment technology company with a global network focused on the application of technology and artificial intelligence (AI) in the entertainment industry, today announced …
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 »GLOBAL MARKETS – Stocks envision third week of gains after tech boost, dollar plunges
* FAANG stocks in focus before profits * Evergrande avoids default with surprise interest payments * Flat crude, falling dollar, rising gold By Simon Jessop and Kevin Buckland LONDON / TOKYO, October 22 (Reuters) – Global stocks were on track for their third straight week of gains on Friday, supported …
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 »Real Debt and Desperation Behind Netflix’s “Squid Game”
SEOUL – The calling card, thrown with expert precision from a motorcycle as she pulled away, landed at Park Chui-woo’s feet as he neared the end of his wits. The brightly colored card advertised quick loans with low interest rates, especially for small business owners. At the peak of all …
Read More »Latest news: US, Taliban discuss aid and human rights
Chinese developer requests extension of bond period William Langley in Hong Kong Another Chinese developer has said it may struggle to meet a bond repayment deadline, as it has announced it will seek to delay repayment of a $ 250 million bond for three months, adding to fears that the …
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 »The strength of the dollar is holding back Asian currencies; Rupee bears reappear: Reuters poll
By Anushka Trivedi (Reuters) – Investors have made short bets on most emerging Asian currencies, according to a bimonthly Reuters poll, as a multitude of factors, including expectations of U.S. rate hikes, rising inflation and signs of slowing global economic growth, boosted the dollar. Long positions on the Singaporean dollar, …
Read More »Australian miners hit hard by China’s Evergrande collapse
Falling iron ore prices, blamed in part on China’s growing problems, are starting to hit Australian miners hard. Two Australian miners have suspended operations due to falling iron ore prices. Iron ore recovered slightly yesterday, up 3 percent to US $ 118.25 (A $ 162.93) per tonne. However, Australia’s most …
Read More »The Minister of Finance minimizes the risks of Evergrande, the Fed moves
Finance Minister Nirmala Sitharaman downplayed fears of global contagion from the Evergrande crisis in China and said the central bank and government were closely monitoring any risk of “tantrum typing” resulting from the likely shift in the policy of the US Federal Reserve. Without naming China, she also pointed to …
Read More »Hong Kong real estate agencies sue Evergrande to recover commissions
HONG KONG (Reuters) – Two Hong Kong real estate agencies are suing heavily indebted China Evergrande group over unpaid commissions, court filing and news reports say, putting pressure on the developer as he scrambles to raise funds and avoid a collapse. Centaline filed a lawsuit against Evergrande in September to …
Read More »Calfee, Halter & Griswold sue on behalf of noteholders of RP Oldco Inc. (formerly Rustic Pathways Australia (USA), Inc.) against Henry David Venning and other insiders
NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) – Law firm Calfee, Halter & Griswold LLP has filed a complaint on behalf of the noteholders of RP Oldco Inc., formerly known as Rustic Pathways Australia ( USA), Inc., against Henry David Venning, Michael C. Lucas as Trustee of the Henry David …
Read More »Global Consumer Credit Markets, Competition, Forecast and
Dublin, 04 Oct 2021 (GLOBE NEWSWIRE) – The “Global Consumer Finance Market, By Type (Secured Consumer Finance, Unsecured Consumer Finance), By Type Of Secured Consumer Finance Product, By Unsecured Consumer Finance Product Type, By Region, Competition, Forecast & Opportunities, 2026 “report has been added to ResearchAndMarkets.com offer. Global Consumer Credit …
Read More »Asian stocks prolong global fall as inflation fears bite
By Kevin Buckland TOKYO (Reuters) – Asian stocks followed Wall Street sharply lower and bonds rallied on Friday as risk sentiment deteriorated amid mounting concerns that inflation could persist even after global growth spikes . Japan’s Nikkei fell 1.86%, while the larger Topix slipped 1.95%. Australian stocks fell 2.05% and …
Read More »South Korea steps up housing plan (Minister of Finance)
SEOUL, Sep 29 (Yonhap) – Finance Minister Hong Nam-ki said on Wednesday that the government is accelerating a plan to provide housing in Seoul and other areas, with the aim of curbing high prices for housing. In February, the government unveiled the plan that relaxed building regulations and supported redevelopment …
Read More »Insto Roundup: FWD files for ADR list in New York; Nippon Wealth Life fully acquired by parent company | Asset owners
AUSTRALIA Brendan O’Farrell, managing director of industrial super fund Intrust, said he would leave the fund after its merger with Hostplus ends. The AU $ 2.6 billion (AU $ 1.89 billion) fund confirmed in June that it was in talks with Hostplus for a merger, which would form a fund …
Read More »How China plans to avoid financial crisis Evergrande
“The government can put them under surveillance and put pressure on them through their employers or relatives not to create problems,” said Minxin Pei, professor of government at Claremont McKenna College, who writes a study on China’s internal security apparatus. China has a long way to go on its ability …
Read More »Asia-Pacific stocks mostly fell as concerns over Evergrande’s debt weigh on sentiment
Major Asia-Pacific stock indices ended mixed but mostly down on Friday as investors continued to approach trade with caution amid lingering risks surrounding the China Evergrande group. Meanwhile, investors in Japan turned the tide, pushing the Nikkei benchmark higher on strong gains from Fast Retailing and Softbank Group. Japan’s Nikkei …
Read More »A Global Equity Trader’s Guide to China’s Evergrande Debt Crisis
(Bloomberg) – The China Evergrande group debt crisis may not have been China’s “Lehman moment”, but it has had an impact on stocks linked to the developer and the world’s second-largest economy. Bloomberg’s Most Read Creditors, investors and suppliers of the struggling firm and its peers are at the top …
Read More »5 things to know about Evergrande, the Chinese business empire on the brink
The days and weeks to come will be critical. While Evergrande has a grace period of up to 30 days on an interest payment of nearly $ 84 million that was due Thursday, it is expected to make a payment on another bond next week. Here’s what you need to …
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 »Asian Currency Short Bets Rise On Weakening Fed Outlook: Reuters Poll
By Rushil Dutta (Reuters) – Bearish bets on most Asian currencies edged up slightly ahead of a U.S. Federal Reserve meeting in which they hinted at possible rate hikes next year, while Bullish bets on the yuan have reversed, according to a Reuters poll on Thursday. At its policy meeting …
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 »US STOCKS-Wall St Expected to Lower at Open Amid Growth Concerns; attention turns to the Fed
(For a live Reuters blog on the US, UK and EU stock markets, click LIVE / or type LIVE / in a news window.) * Energy and bank stocks lead to pre-market declines * All eyes on the Fed policy meeting later this week * Futures decline: Dow 2.00%, S&P …
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 »GLOBAL MARKETS-Asian equities stabilize but global growth sucks
By Alun John HONG KONG, Sept. 17 (Reuters) – Asian stocks stabilized early in Friday after losses earlier in the week, but China’s nervousness and worries about global growth weighed on the minds of investors, while the dollar approached its highest level in three weeks. The MSCI’s largest Asia-Pacific stock …
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 »Chinese credit beats Asian peers as Huarong worries fade
(Bloomberg) – Despite China’s regulatory crackdown on private companies and the China Evergrande group’s worsening woes, the nation was the place to go in Asia for corporate bond yields in August, and the optimism could persist. That’s because one of the worries hanging over the nation’s bond investors eased after …
Read More »The case of mutual educational disarmament
August 21, 2021 ETREND OF THE CONOMISTS be big fans of education, which is perhaps not surprising considering how much they consume and the quality of their textbooks. Alfred Marshall, writing in 1873, hoped that education would help to erase the “distinction between workers and gentlemen”. Gary Becker of the …
Read More »Chinese stock market set to increase earnings
(RTTNews) – The Chinese stock market advanced in two consecutive sessions, rallying more than 70 points or 2% along the way. The Shanghai Composite Index now sits just below the 3,530 point plateau and is called up again on Wednesday. Global forecasts for Asian markets are cautiously optimistic, largely supported …
Read More »China’s summer of stock market turmoil: a timeline
(Bloomberg) – The overhaul of tutoring companies in China has triggered a few volatile weeks for both onshore and Hong Kong stock markets, leaving investors on edge. After heavy losses, traders are looking for what regulators might target next as Beijing tightens its grip on a range of sectors from …
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 »XSpring Capital Confirms $ 225 Million Fund Raising To Boost Digital / Traditional Market
High returns‘ holding company Spring capital formerly known as Seamico Securities, raised US $ 225 million in funding through a partnership with Sansiri, Viryah Insurance and local private investor Mongkol Prakitchaiwattana. Xspring Capital says it will use the funds to build its fully integrated financial market that combines traditional and …
Read More »Japanese stocks end lower as cyclical stocks lag; Toshiba slips
TOKYO, June 11 (Reuters) – Japanese stocks ended slightly lower on Friday, with losses in cyclical stocks, as well as banks and real estate companies, offsetting gains from heavy tech companies. The Nikkei stock average closed 0.03% lower at 28,948.73, while the broad Topix slipped 0.14% to 1,954.02. For the …
Read More »Global Ceramic Sanitary Ware Market (2020 to 2026)
Dublin, June 10, 2021 (GLOBE NEWSWIRE) – The “Ceramic Sanitary Ware Market Research Report by Technology, Application, Region – Global Forecast to 2026 – Cumulative Impact of COVID-19” report was added to ResearchAndMarkets.com offer. The global ceramic sanitary ware market size was estimated at USD 45.27 billion in 2020 and …
Read More »FirstFT: Today’s best stories | Financial Time
Hello. This article is an on-site version of our FirstFT Asia newsletter. register here to receive the newsletter directly in your inbox every weekday morning The G7 tax deal struck by the world’s leading advanced economies this weekend is the first substantial evidence of relaunched international cooperation since President Joe …
Read More »Businesses are talking about sustainability more than ever, but are they preaching it? | News | Eco-business
Over the past year or so, there has been an increase in the frequency and volume of corporate sustainability discussions, according to a report by analytics firm GlobalData. Every other business seems to be using a word that first appeared in the 1980s, entered boardrooms in the 1990s, became mainstream …
Read More »Aberdeen Japan Equity Fund, Inc.Announces Results of Annual Meeting of Shareholders and Changes to Board of Directors
TipRanks 2 “Strong buy” dividend shares with a yield of 7% Investment firm Morgan Stanley had set a 3,900 year-end target for the S&P 500 – and it is already out of date. The index stands at 4,196, 7.5% above Morgan Stanley’s target. Since the start of the year, despite …
Read More »Align Technology to speak at upcoming financial conferences
TipRanks 2 “Strong buy” dividend shares with a yield of 7% Investment firm Morgan Stanley had set a 3,900 year-end target for the S&P 500 – and it is already out of date. The index stands at 4,196, 7.5% above Morgan Stanley’s target. Since the start of the year, despite …
Read More »Bank of Korea sees financial system threat in leveraged crypto trading
Bloomberg New Zealand joins Canada and reporting rates could increase next year (Bloomberg) – Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. New Zealand’s central bank has forecast that its official cash rate may start to rise in the second half of …
Read More »Thailand reports daily record of 41 new COVID-19 deaths
Bloomberg Hong Kong’s old-school tycoons lose to Chinese bosses (Bloomberg) – The prediction was vintage Jack Ma, as provocative as it is prescient. “It’s the internet age,” proclaimed the Chinese billionaire in October 2013, just weeks after his intention to go public with Alibaba Group Holding Ltd. in Hong Kong …
Read More »IBK advised to reimburse up to 80% of Discovery losses
Investors protest outside the main branch of the Industrial Bank of Korea in Jung District, central Seoul, last year. [NEWS1] The state-run Industrial Bank of Korea (IBK) is expected to reimburse up to 80% of structured fund losses through Discovery Asset Management, according to a recommendation from the Financial Supervisory …
Read More »Transactions related to the share buyback program
Bloomberg China’s first global commodity boom warning sign flashes (Bloomberg) – One of the mainstays of this year’s meteoric commodities rally – Chinese demand – could be faltering. Beijing has successfully recovered from the pandemic economy in large part thanks to a credit expansion and a market boom. construction aided …
Read More »Despite the global decline, not all floor markets have suffered during the COVID-19 pandemic
Bloomberg China’s first global commodity boom warning sign flashes (Bloomberg) – One of the mainstays of this year’s meteoric commodities rally – Chinese demand – could be faltering. Beijing has successfully recovered from the pandemic economy in large part thanks to a credit expansion and a market boom. construction aided …
Read More »Mixed stocks, rising futures; China Jolts Commodities: markets roll up
Bloomberg China’s first global commodity boom warning sign flashes (Bloomberg) – One of the mainstays of this year’s meteoric commodities rally – Chinese demand – could be faltering. Beijing has successfully recovered from the pandemic economy in large part thanks to a credit expansion and a market boom. construction aided …
Read More »Thai airline creditors delay vote on debt restructuring plan
(Bloomberg) – Thai Airways International Pcl delayed voting on its restructuring plan for a week after some creditors pushed for changes and looked for time to consider some last-minute adjustments unveiled by the administrator. Creditors will meet again on May 19 after 20 of them offered to postpone the vote, …
Read More »HSF and Hiswara Bunjamin & Tandjung advise K-Water in South Korea on the success of the tender for the Karian-Serpong water project
K-water, South Korea’s public water company, has partnered with Indonesian public construction company Adhi Karya for the project auction hosted by the Indonesian Ministry of Public Works and Housing. The consortium will supply water to West Jakarta and the city of Tangerang in adjacent Banten province under a 30-year concession. …
Read More »Barclays helps fund Alabama prison despite pledge against private prison companies
Multinational investment bank Barclays underwrites financing for two of Alabama’s new prisons for private prison company CoreCivic after the bank said it would no longer fund such companies. Barclays in 2019, joined many other banks that cut ties with companies that detain immigrants and run for-profit prisons. Tennessee-based CoreCivic has …
Read More »Amid rising COVID-19 cases, RBI is expected to maintain status quo
MUMBAI : Amid the uncertainty created by the upsurge in coronavirus cases, the Reserve Bank of India (RBI) is expected to maintain the status quo in its next monetary policy review and wait a bit longer before taking measures to stimulate the growth. The RBI is expected to announce its …
Read More »Tompkins Financial Corporation – Consensus Says Potential 4.7% Hike
Tompkins Financial Corporation found using ticker (TMP) now have 2 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The range between the high target price and the low target price is between 75 and 63, with the average target price being 69. Now, with the previous closing …
Read More »Major banks set aside 109 billion shillings for loan losses
Capital markets Major banks set aside 109 billion shillings for loan losses Tuesday 06 April 2021 A customer in a banking room. FILE PHOTO | NMG By VICTOR JUMAMore from this author summary Higher provisions have the effect of affecting the bottom line while eroding the capital base and have …
Read More »Faced with domestic pressure, Chinese tech giants expand to Singapore, Telecom News, ET Telecom
Singapore: Chinese tech giants thrive in Singapore as they face repression at home and increasing pressure in other key markets – but they may struggle to find talent in the city- State. Messaging and gaming behemoth Tencent open a hub and TIC Tac owner ByteDance is on a hiring spree …
Read More »Coronavirus delays in opening Cape Cod for short-term rentals could be ‘absolutely devastating’
What is beyond the pandemic? Front mass is MassLive’s series examining the journey of Massachusetts small businesses through and beyond the coronavirus pandemic. ________________ Summer is approaching and for Cape Cod communities that normally means it is time for tourism to boost the economy. However, with Gov. Charlie Baker announcing …
Read More »Four taxes to understand when buying real estate abroad
Before making an overseas real estate investment, it is important to understand what the total cost of the purchase will be, both immediately and in the long term, including your tax liability. Transfer taxes, for example, can be considerably higher than in the United States. On the flip side, one …
Read More »Americans took on $ 182 billion in new mortgage debt in 2020. Here’s why
What explains this borrowing frenzy? Americans have recently borrowed a lot of money to buy houses. According to recent research, the total outstanding mortgage balances on consumer credit reports increased by $ 182 billion between the third quarter of 2020 and the end of December of last year. That’s a …
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