StanChart says Evergrande crisis doesn’t dent enthusiasm for China
By Lawrence White LONDON, Sept 23 (Reuters) – The crisis at indebted developer China Evergrande Group (3333. HK) will not curb Standard Chartered’s (STAN.L) appetite for investing in the country, its Chief Financial officer Andy Halford told a banking conference on Thursday. Asia, Middle East, and Africa-focused lender have no direct exposure to Evergrande and “negligible” indirect exposure, he told […]
In the United States, the ‘pink sheets’ are being restructured as a securities regulator attempts to combat fraud!
If a new rule intended to wipe out fraud in this notoriously risky enclave goes into effect next week, up to 2,000 companies could disappear from retail investors’ long-favorite over-the-counter pink lists. The Securities and Exchange Commission (SEC) rule encourages investor disclosure by requiring OTC issuers, which are often small businesses that do not meet […]
The relaxation of COVID restrictions resulted in a 4.8 percent increase in the US economy!
Following the loosening of Covid 19 limitations, the UK economy appears to be on the upswing. According to data from the Office for National Statistics, retail, restaurants, and hotels all contributed to the increase in GDP. As schools resumed in the second quarter, education bolstered the economy as well. According to official estimates, the UK […]
Adopting transparency in the FX industry
The use of FX benchmarks has steadily and significantly increased as a result of market demand for risk transparency and more precisely defined measurement. In the forex world, they have become a mainstay trading mechanism. Even though the alternatives (WM/Refinitiv London 4 pm Fix and the Bloomberg FX Fixings (BFIX) family of benchmarks) pose significant […]
Five9 investors may do Zoom a favor
NEW YORK, Sept 22 (Reuters Breakingviews) – Zoom Video Communications’ (ZM.O) acquisition of Five9 (FIVN.O) is unraveling. Washington watchdogs are probing the transaction and Five9 investors may not vote for the all-stock deal read more. The value of what Zoom is offering has fallen from $13.6 billion to about $10.4 billion in roughly two months and is now below Five9’s market capitalization. […]
COVID-19 cases are declining in Sydney as restrictions in virus hotspots are relaxed!
The Australian state of New South Wales (NSW) confirmed the minimum daily increase in COVID 19 case scenarios in more than three weeks on Monday, following the relaxation of certain lockdown restrictions in Sydney, the state capital, allowing for higher vaccination levels. The Premier of New South Wales, Gladys Berejiklian, announced that 935 new cases had been discovered in the state, the lowest daily total since August 27 and down from 1,083 on Sunday. Four more people have died, according to the state. Berejiklian told reporters in Sydney that they’re feeling more hopeful than they […]
Gold rises as Havens rally in response to growing Evergrande fears!
Fears of a spillover from the debt woes of Asian property developer China Evergrande Group fueled demand for safe havens assets, eclipsing concerns that the Federal Reserve’s stimulus program would be reduced soon. Investor concerns about China’s real estate sector and the Fed’s tapering increased, sending US stocks down more than 2%. “Gold is actually […]
China’s cooling measures have slowed the growth of new home prices and property investment!
China has taken various initiatives to cool its real estate market, with new home prices rising at their slowest pace in eight months in August. After the government reduced property curbs this year to cover banks’ lending to the sector in order to limit purchases, new home prices increased at the slowest monthly rate since […]
Is Apple’s new photo scanning technology justified in terms of child safety?
Apple has been the most valuable brand in the world and the largest technology company with sales of $274.5 billion in 2020. Its specialties include consumer electronics, computer software, and online services.Following a blow back from customers and security experts, Apple has defended its new system that scans users’ phones for child sexual abuse material […]
S.Korean antitrust agency fines Google $177 mln for abusing market dominance
SEOUL, Sept 14 (Reuters) – South Korea’s antitrust regulator on Tuesday fined Alphabet Inc’s (GOOGL.O) Google 207 billion won ($176.64 million), saying the U.S. technology giant abused its dominant market position to restrict competition in the mobile operating system (OS) market. The Korea Fair Trade Commission (KFTC) investigated Google for allegedly preventing local smartphone makers […]
