Yahoo Finance2 Reasons Why Shopify Is the Best Retail Investment
Despite severe headwinds from a terrible economy, this e-commerce platform outperforms the overall U.S. retail industry.
Despite severe headwinds from a terrible economy, this e-commerce platform outperforms the overall U.S. retail industry.
Malaysia's Maybank does not face any financial impact from its subscription to Indian conglomerate Adani Enterprises' share offering, the bank said on Monday. Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up a stake in Adani Enterprises' $2.45 billion secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani group companies. The demand from anchor investors comes despite Hindenburg Research disclosing a short position in Adani Group, accusing it of improper use of offshore tax havens and flagging concerns about high debt that eroded $11 billion in investor wealth.
Top central bankers, who credit the use of a 2% inflation target with anchoring decades of stable prices, are facing the first full-on test of how well that approach to monetary policy works once prices have erupted, and how strictly they'll enforce it if damage to their economies intensifies. By announcing an inflation goal, central bankers feel they build credibility for themselves and focus the planning of households and firms in ways that help keep inflation controlled. It's a concept that seemed supported by the facts as the use of inflation targeting spread across the developed world from New Zealand in 1990 through Europe and to the United States and Japan in 2012 and 2013.
India has asked utilities to not retire coal-fired power plants till 2030 due to a surge in electricity demand, according to a federal power ministry notice reviewed by Reuters, just over two years after committing to eventually phase down use of the fuel. The energy-hungry nation said last May it plans to reduce power generation from least 81 coal-fired plants over the next four years, but the proposal did not involve shutting down any of its 179 coal power plants. India has not set a formal timeline for phasing down coal use.
Gold prices on Tuesday were on track for their third straight monthly gain, helped by an overall weaker dollar and expectations around slower rate hikes from the U.S. Federal Reserve. Bullion has gained 5.7% in January. The dollar was heading for its fourth consecutive monthly loss, making bullion more attractive for holders of other currencies.
DÜSSELDORF, GERMANY - Media OutReach - 30 January 2023 - Dear Reality launches EXOVERB, a totally new reverb plugin that adds an as yet unheard three-dimensional depth and width perception to stereo productions. Blending the mix with the most natural reverb, the plugin offers 50 true-to-life acoustic scenes, relying on EXOVERB's proprietary reverb engine with synthesized spatial multi-IRs. Incorporating the fundamentals of spatial hearing, EXOVERB enables enhanced control of the spatial distance
India's Jindal Steel and Power Ltd (JSP) has received a flurry of enquiries from European buyers seeking finished steel products, indicating an uptick in exports in the current quarter through March, a senior company executive said on Tuesday. His comments come after JSP reported a nearly 68% drop in profits for the quarter ended Dec. 31, hit by the government's decision to levy an export tax in May last year on some steel intermediates and a fall in global demand. "We did see some increase in the order book and a lot of enquiries (from Europe)," Bimlendra Jha, managing director of Jindal Steel and Power, told Reuters in an interview.
Entities of billionaire Gautam Adani on Tuesday pledged more shares of the conglomerate's port unit as security to lenders, an exchange filing showed, amid a rout in the group's stocks following a scathing short-seller attack. Emerging Market Investment and Flourishing Trade and Investment pledged a 2.69% stake in the Adani Ports and Special Economic Zone to Catalyst Trusteeship, which acted as a security trustee on behalf of lenders, the filing showed. The total stake pledged by the entities in Adani Ports is now 7.79%.
SINGAPORE (EDGEPROP) - Office sector rents in Singapore’s Central Region rose for a fifth straight quarter at 5.1% q-o-q in 4Q2022, the highest quarterly growth since 1Q2021 at 5.4%, according to URA data released on Jan 27. The growth was propelled by Central Area office rents, up 6.6% q-o-q in the last three months of 2022, offsetting a 4.0% q-o-q decline in the Fringe Area.For the full year, office rents in the Central Region grew 11.7% y-o-y, a sharp acceleration from the 1.9% rise in 2021.
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With Valentine’s Day just around the corner, these exquisite yet durable double wall glass mugs adorned with romantic pastel designs will truly make you feel that “Sweetness Is All Around”!HONG KONG & MACAU - Media OutReach - 31 January 2023 - This February, love is in the air at 7-Eleven with the launch of a sweet series of limited-edition items to really make you feel that "Sweetness Is All Around"! 7-Eleven has teamed up with four beloved Sanrio characters – Hello Kitty, My Melody, Kuromi and
NEW DELHI (Reuters) -India plans to use an emergency law next month to force power plants that run on imported coal to maximise output, two government sources told Reuters on Monday, in preparation for expected record consumption this summer. Many Indian coal-fired plants, including those those owned by Adani Power and Tata Power in India's western Gujarat state, have not operated at full capacity in the recent years because they have found it difficult to compete with power generated from cheap domestic coal.
A one-bedroom unit at Ascott Orchard Singapore. Photo: CLASSINGAPORE (EDGEPROP) - The managers of CapitaLand Ascott Trust (CLAS) have reported a distribution per stapled security (DPS) of 3.33 cents for the 2HFY2022 ended Dec 31, 2022. The DPU for the second half of the FY stood 47% higher than 2HFY2021’s DPS of 2.27 cents.For the FY2022, CLAS’s DPS increased by 31% y-o-y to 5.67 cents, up from FY2021’s DPS of 4.32 cents.Excluding one-off items, which include the divestment gain of $45 million d
Global energy and commodity price reporting agency Argus today launched the world's first independently assessed price for ship fuel that includes a biofuel component. The new B24 daily assessment reflects the market value of "bunkers" – as ship fuel is known – made up of 24% used cooking oil methyl ester (UCOME) and 76% very-low sulphur fuel oil (VLSFO), delivered-on-board in Singapore.
Indian multiplex operator INOX Leisure Ltd on Monday posted profit before exceptional items and tax for the third quarter, as movie buffs returned following a string of hits and splurged on pricier tickets and in-theater purchases. The company, which is in the process of merging with market leader PVR Ltd, reported profit before exceptional items and tax of 286.2 million Indian rupees ($3.51 million) for the third quarter ended Dec. 31, compared to a net loss of 16 million rupees a year ago. PVR also swung to a profit last quarter, underscoring a change in fortunes for India's theater operators after a slate of flop Hindi language movies earlier in the year.
The back of Grand Copthorne Hotel, one of the hotels under CDLHT. Photo: CDLSINGAPORE (EDGEPROP) - The managers of CDL Hospitality Trusts (CDLHT) have reported a distribution of stapled security (DPS) of 3.59 cents for the 2HFY2022 ended Dec 31, 2022, 17.3% higher y-o-y.During the period, revenue increased by 42.9% y-o-y to $130.7 million on the back of the recovery in global travel.The manager notes that the recovery was due to the initial leisure demand as well as the return of corporate group
HONG KONG SAR - Media OutReach - 30 January 2023 - Chinachem Group (the "Group") announced today that it has exchanged contracts for and completed the purchase of One New Street Square with UK-based REIT Landsec, a premium 276,502 sq ft office building in the heart of Central London, at a total consideration of £349.5 million, representing a capital value of £1,264 psf. One New Street Square Completed in 2016, One New Street Square is fully let to Deloitte on a lease expiring in 2036, at a curre
The Indian rupee recorded its steepest drop in about two months on Tuesday, with traders blaming custodial outflows amid the volatility in equities ahead of the domestic budget and the U.S. Federal Reserve's meeting. The currency declined 0.51% on the day, its biggest one-day loss since Dec. 6. For the month, the currency rose around 1%, but underperformed most of its Asian emerging market peers.
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The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence. Washington wants to deploy more Western mobile phone networks in the subcontinent to counter China's Huawei Technologies, to welcome more Indian computer chip specialists to the United States and to encourage companies from both countries to collaborate on military equipment like artillery systems.
Both companies are striving for net zero carbon emissions by 2050 and prioritize green operations as part of their ESG agenda BANGKOK, THAILAND - Media OutReach - 30 January 2023 - In a joint effort to drive a greener supply chain, Big C Supercenter, "The Thai Retailer with Customers at its Heart" the leading grocery retailer in Thailand, and DHL Supply Chain Thailand, the global market leader in contract logistics, have announced the deployment of electric trucks for product distribution, from
