The airline food caterer is proposing a large acquisition that will allow it to leapfrog into the global league. The post SATS Share Price Tumbles Amid S$1.64 Billion Acquisition: 5 Things Investors Need to Know appeared first on The Smart Investor.
MUMBAI (Reuters) -India's current account deficit widened in the April-June quarter, driven by soaring global commodity prices that pushed up the trade deficit, while large capital outflows also hurt, Reserve Bank of India (RBI) data showed on Thursday. The CAD stood at $13.4 billion, or 1.5% of GDP, in the preceding January-March quarter, while there had been a surplus of $6.6 billion, or 0.9% of GDP, in the same quarter a year earlier, the release showed. The median forecast in a Sept. 9-15 Reuters poll of 18 economists was for a CAD of $30.5 billion, or 3.6% of GDP.
Investors pedalled into another cycle of selling on Thursday as the dollar tightened its stranglehold on currency markets, recession fears sapped equities and bonds suffered more interest rate pain. The STOXX 600 share index was still down 1.3% having opened 2% lower, Wall Street looked set to drop and the euro and the pound, hammered over the last week by UK debt concerns, were struggling again. China currency intervention expectations were building too, while Europe watched German inflation soar to nearly 11% for the first time since the 1950s and Russia formally proclaim more of Ukraine as its territory.
(Reuters) -Global equities staged a partial comeback on Wednesday -- with Wall Street stocks surging around 2% -- as the Bank of England said it would step in to the bond market in an attempt to dampen investors' fears of contagion across the financial system. The BoE said it would temporarily buy long-dated bonds - linked most closely to workers' pensions and home loans - in light of a surge in UK bond yields and related borrowing costs. European government bonds also got a lift from the surge in gilts.
SINGAPORE - Media OutReach - 29 September 2022 - BingX, the leading crypto social trading exchange, introduced a new bug bounty program on Hackenproof. HackenProof is a Web3.0 bug bounty platform trusted by the crypto market that connects its customers with the global hacker community to uncover security issues in their products. This program pays both users and security researchers to find and report bugs in its ecosystem. BingX offers payouts of up to $4,000 USDT per critical vulnerability dis
WASHINGTON (Reuters) -World Bank President David Malpass on Wednesday warned that it could take years for global energy production to diversify away from Russia after its invasion of Ukraine, prolonging the risk of stagflation, or a period of low growth and high inflation. In a speech at Stanford University, Malpass said there was an increased likelihood of recession in Europe, while China's growth was slowing sharply and U.S. economic output had contracted in the first half of the year. Those developments would have grave consequences for developing countries, Malpass said, citing what he called "consequential" and "worsening" challenges facing development.
The two-storey property sits on a 2,877 sq ft site and has a built-up area of 5,111 sq ft (Picture: Huttons Asia)SINGAPORE (EDGEPROP) - A freehold corner terraced property along Hoot Kiam Road, off River Valley, is up for sale via an expression of interest exercise at a guide price of $7 million, or $2,433 psf on the land area. The two-storey property sits on a 2,877 sq ft site zoned for residential use with a gross plot ratio of 1.4 It has a built-up area of 5,111 sq ft and a wide frontage of 1
Cheah Cheng Hye, co-chairman of Value Partners, plans to hire people and relocate some of its managers and investment analysts to Singapore.
India's central bank is unlikely to undertake any bond purchases or reduce the cash reserve ratio and may instead prefer to stick to term repo auctions to add funds to the country's banking system, analysts said. Market participants also expect liquidity to oscillate between surplus and deficit based on the extent of inflows from government spending.
MANILA, PHILIPPINES - Media OutReach - 29 September 2022 - Recently, Hebe Beauty Cosmetics Inc., an Indonesian beauty group, launched a brand new high-end makeup brand Dazzle Me for the Southeast Asian market. Dazzle Me offers the boldest and trendiest cosmetic products—and they are especially affordable to teens, students and/or women looking for their first step into the glamorous make-up industry. With an international presence and customer satisfaction as the main priority, Dazzle Me Cosmeti
TAINAN, TAIWAN - Media OutReach - 29 September 2022 - At the end of 2019, the Taiwanese TV series "Someday or One Day" was broadcasted in various Asian countries and it created a viral wave for Tainan in the 1990s. There was a lot of discussion amongst the fans when the Series was being filmed in Tainan, and with the upcoming remake, the Tainan City Bureau of Tourism used the historical and cultural attractions of the Series to create advertisements in South Korea, Singapore, and Malaysia to pre
India's ban on smart TV imports two years ago, and tax incentives for domestic producers from federal government and many states, have boosted local manufacturing, said an official at Viera group, one of the fast-growing producers of smart TVs. In July 2020, Prime Minister Narendra Modi's administration imposed restrictions on TV imports, mainly to contain imports from China and to boost local manufacturing.
Global stock markets rallied on Wednesday in volatile trading after a surprise intervention by the Bank of England pressured bond yields in Britain and the United States and lifted the pound.
Slide in the slipstream and get into gear at the Singapore F1 Grand Prix The post How Much Does It Cost For Singapore To Host The F1 appeared first on DollarsAndSense.sg.
Over 800 volunteers from six countries collected 6,000 kg of garbage on International Coastal Clean-up Day 2022 The two companies aim to help reduce plastic waste and protect the marine life across the MEA region, India, and Pakistan DHL and Hapag-Lloyd signed an agreement to help decarbonize the logistics industry by using advanced biofuels for transporting DHL shipments SINGAPORE - Media OutReach - 29 September 2022 - To mark this year's International Coastal Clean-up (ICC) Day, teams from DHL
The potential transaction values PSGourmet Pte Ltd, parent of PS.Cafe, at about S$300 million, sources said.
NEW DELHI (Reuters) -India will require all passenger cars to have a minimum of six airbags from Oct. 1, 2023, a year later than originally planned, the road transport minister said on Thursday. The move, aimed at improving safety in a country that has the world's deadliest roads, was initially planned for Oct. 1, 2022, but faced resistance from some carmakers. "Considering the global supply chain constraints being faced by the auto industry and its impact on the macroeconomic scenario" the rules will be implemented from October 2023, Nitin Gadkari said.
LONDON (Reuters) -Oil prices steadied on Thursday as indications that OPEC+ might cut output were tempered by a stronger dollar and weak economic outlook. Brent crude futures for November edged up 26 cents, or 0.3%, to $89.58 a barrel by 1354 GMT. U.S. crude futures for November eased by 8 cents, or 0.1%, to $82.07.
Launch "Drago Cavallo Travels Around The World" and arts charity activities ; Create a New Scene of Art and Literature in Hong KongHONG KONG SAR - Media OutReach - 28 September 2022 - 'Dragon' stands for 'heaven' and 'horse' stands for 'earth'. Dragon Horse is the mascot of the unity of heaven and earth, the fusion of 'Qi' between heaven and earth, and the symbol of benevolence and harmonization. Drago Cavallo is the cute version of 'Dragon Horse' created by artist Simon Ma, and it is the guardi
Interest rate hikes in the United States and the resultant pressure on the rupee is likely to give the Reserve Bank of India (RBI) reason to deliver a 50-basis-point rate hike on Friday even as it tries to protect a recovery in growth. The RBI's monetary policy committee (MPC) has already hiked the key policy rate by 140 bps since May to 5.4%. Since the last policy meet, retail inflation has risen above 7% again and the rupee has weakened 9.5% on year, with pressure on the currency accelerating after the U.S. Federal Reserve's meeting last week.