Consider Revolve Group stock (NYSE: RVLV), which notched a modest gain last week and is still down 68% from its 52-week high. Investors weren't pleased with its third-quarter earnings report, but there's a lot to like here.
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.
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.
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.
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
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
Any platinum or palladium exposure held by customers is backed by equivalent physical commodities.
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.
Other Asian currencies advanced, led by the onshore Chinese yuan. The onshore yuan, resuming trading after a week, climbed 0.7% to near 6.75 to the dollar. Foreign banks were on the bid on USD/INR at open, and importers were likely active, the trader added.
Taking a personal loan is common practice in Singapore. What are some common reasons people take one, and what are some advantages and...
The memory-chip sector, famous for its boom-and-bust cycles, had changed its ways.
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.
Foreign institutional investors and corporates pumped in funds into the share sale, according to data, while participation by retail investors and Adani Enterprises employees remained low. Adani has called Hindenburg Research's report a "calculated attack".
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
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 contract wins are for wastewater treatment plants in the US and a system maintenance contract from the Singapore government.
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.
The vacant property has a total floor area of about 8,890 sq ft. (Picture: CBRE)SINGAPORE (EDGEPROP) - A four-storey commercial building at 466 Serangoon Road, close to Farrer Park MRT Station, is up for sale for $20 million. The sole marketing agent is CBRE Singapore.Read also: Sultan Plaza relaunches for collective sale with a lower reserve price of $325 milThe property is located within the Jalan Besar Conservation Area, which covers the Farrer Park and Little India areas. Nearby significant
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.
India forecast economic growth of 6% to 6.8% in the 2023/24 fiscal year, slowing from the 7% growth projected for the current year ending on March 31, as a global slowdown is likely to hurt exports. The finance ministry's released its annual Economic Survey and Finance Minister Nirmala Sitharaman presented it to parliament on Tuesday, a day before she is set to unveil the government's budget for the coming fiscal year. The economic growth forecast for 2023/24 is higher than the International Monetary Fund's projection of 6.1%, as the finance ministry expects the global weakness will be partially offset by strong domestic demand.
Yahoo Finance