Major stock markets were hit by more selling Wednesday on growing fears that Federal Reserve monetary tightening will tip the US economy into recession, with Chinese trade data adding to the gloomy outlook.
The Indian rupee closed slightly higher against the U.S. dollar on Wednesday, snapping a three-day losing streak, as the Reserve Bank of India raised interest rates and took a hawkish stance in its fight against inflation. The RBI raised the key repo rate by 35 basis points (bps) to 6.25%, as widely expected, in its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. Not only did the monetary policy committee retain its hawkish stance of "withdrawal of accommodation", it also hinted at further tightening when it said further calibrated monetary policy action is warranted, said Pranjul Bhandari, chief India and Indonesia economist at HSBC.
HONG KONG SAR - Media OutReach - 7 December 2022 - Reckitt's brand Dettol announces to be Product Sponsor of the 2022 Sun Hung Kai Properties Hong Kong Cyclothon ("Hong Kong Cyclothon"). The partnership aims to enhance hygiene protection of thousands of cyclists at this major sports event held through the diverse cityscape of Hong Kong, featuring a spectacular route that passes through the Tsing Ma Bridge, Ting Kau Bridge, Stonecutters Bridge, Cheung Tsing Tunnel, Nam Wan Tunnel and Eagle's Nest
Airlines are expected to return to profit next year for the first time since 2019 despite slowing global growth as they recover from a Covid-induced crisis, an industry group said Tuesday.
Sabrina and John have decided that it is time to settle down roots after seven years together. They utilised PropertyGuru to find their perfect home, a 5-room flat in Bukit Merah, an “in the middle” location for the couple, who used to live in Ang Mo Kio and Bukit Batok, respectively.
China's imports and exports plunged in November to levels not seen since early 2020, as strict Covid restrictions hit the economy hard, according to official figures released Wednesday.
Does SIA taking a 25.1% stake and injecting $1.24 billion into an enlarged Air India make sense? Find out what CGS-CIMB says.
The telco could be at an inflexion point for its business that will see it reporting better financial numbers ahead. The post Can Singtel Raise its Dividends in 2023? appeared first on The Smart Investor.
HONG KONG SAR - Media OutReach - 8 December 2022 - Lithium Finance, the first decentralized valuation protocol for illiquid assets, will launch its Mainnet Beta on 12 December 2022 on the Polygon network. The launch will allow users to obtain accurate and decentralized price valuations for NFTs. Lithium Finance combines wisdom of the community with machine learning to provide deep market insights. It aims to help investors better understand digital asset value to enable informed risk and investm
Expands collection point network to encourage parents and children to recycle together while earning discounts on everyday itemsHONG KONG SAR - Media OutReach - 8 December 2022 - Mead Johnson Hong Kong ("Mead Johnson") is once again partnering with families to protect the environment. The company is bringing the latest and enhanced edition of the "We CAN Protect the Future" formula cans recycling program on December 13, 2022, through March 12, 2023. Through a collaboration with HKTVmall and the
Being members of CBS, these digital banks will be able to retrieve consumer credit reports.
India's spending on subsidised foodgrain to the poor may rise to 2.7 trillion rupees ($32.74 billion) this fiscal year, as the government continues to provide support to the poor at least until December, according to a government official and a document reviewed by Reuters. Federal government food subsidies will likely increase by 30% over the 2.07 trillion rupees ($25.14 billion) estimated in the budget, the official said, speaking on condition of anonymity as discussions are confidential. Increased subsidies on foodgrain and fertiliser are likely to strain the federal budget, even though the government has seen strong tax collections this year.
CMK Gaming International, Inc. (Pink sheets CMKI) ( Colorado Corporation) and CIPHER-CORE Co.,Ltd. a Japanese Corporation(CIPHER), signed an AGREEMENT AND PLAN OF REORGANIZATION on February 17th, 2022 (Agreement) and closed on March 14th, 2022.
This was supposed to be the comeback year for the world economy following the Covid pandemic.
DBS' top 10 regional picks for 2023 includes Singapore Airlines, CapitaLand China Trust, SEA Limited and ThaiBev.
TAIPEI, TAIWAN - Media OutReach - 7 December 2022 - According to BMI Research, the global market for medical devices was valued at US$454.3 billion in 2021, a 6.3% increase from 2020, and is expected to reach US$535.2 billion by 2024, with a CAGR of approximately 5.6% from 2021 to 2024. Medical Taiwan, one of the B2B trade shows organized by Taiwan External Trade Development Council (TAITRA), will be held at Taipei Nangang Exhibition Center, Hall 2 from June 8 to June 10, 2023. It will focus on
3 key themes that emerged across 1.5 days of keynote addresses and panel discussions were the pressing need for greater collaboration across the region and sectors; greater investment in research; and the perennial need for funding Conference gathered over 60 prominent moderators and speakers, including ASEAN Ministers, policymakers, top public health officials, multi-disciplinary experts and industry leaders from healthcare and finance, and more than 500 participants internationally It brought
India needs to allow duty-free imports of cotton as higher raw material prices have reduced textile mills' capacity use, a leading trade body told the government on Wednesday. Cotton imports into India, the world's biggest producer of the fibre, attract 11% duty, which makes the imports financially unviable, the Cotton Association of India (CAI) said in a letter to Textile Minister Piyush Goyal.
While European shares ended lower for the third straight session on Tuesday, spooked by recession worries, another hat-trick dominated the World Cup a few hours later. Three goals by Portugal's 21-year-old Goncalo Ramos against Switzerland in his first World Cup sent his side through to the quarter-finals for the first time in 16 years. In the arena of European stocks, there seem to be little excitement for risky assets on Wednesday, with Asian equities trading rangebound after U.S. stocks again suffered losses as markets gradually factor in sharper interest rates hikes.
NEW YORK/MILAN (Reuters) -World stocks slid further and Treasury yields dipped on Wednesday as U.S. worker productivity data beat forecasts but extended a weak trend, further muddying a debate on how far and how fast U.S. interest rates will rise. Economists said the reading pointed to elevated labor costs and inflation staying high, adding pressure on the Federal Reserve to keep raising rates. But benchmark U.S. yields and the dollar both fell, suggesting lower rates ahead.