At this time, I would like to turn the conference over to Ms. Mandy Dong, IR Director. Please go ahead, Mandy. Joining me today are Mr. Wu Haisheng, our CEO and Director; Mr. Alex Xu, our CFO and Director; and Mr. Zheng Yan, our CRO.
Benchmark U.S. Treasury yields jumped to two-year highs and equity markets tumbled on Tuesday, with the Nasdaq falling more than 2%, as traders braced for the Federal Reserve to tackle fast-rising inflation by tightening monetary policy. The dollar hit a six-day high as Treasury yields surged, while inflation fears were bolstered as oil prices rose to their highest since 2014 on possible supply disruptions after attacks in the Gulf increased an already tight outlook. The jump in Treasury yields slammed U.S. and European technology stocks, while a drop in Goldman Sachs' stock led declines among U.S. banks after it missed quarterly earnings as the Fed slowed its asset purchases in November.
Indian politicians are clamouring for Elon Musk's attention on Twitter, chasing the coveted right to host a Tesla factory, after the billionaire said government "challenges" were delaying his electric car company's local launch.
Growing fears about the US Federal Reserve's plans to fight surging inflation by ramping up interest rates hit Asian markets again Wednesday following a hefty sell-off on Wall Street, while oil prices extended their rally after a blast at a key pipeline.
NEW YORK, US - Media OutReach - 18 January 2022 - New York Medical Group (NYMG) and Keiser University entered into a doctoral scholarship cooperation. The New York Medical Group will screen and recommend several outstanding medical students to the United States to pursue a doctorate in chiropractic every year, and the Keiser University School of Medicine will provide scholarship funding. Eligible students will be able to join EC Healthcare to provide pain management services after completing the
ZURICH/FRANKFURT/HONG KONG (Reuters) -After taking over as chairman of Credit Suisse, Antonio Horta-Osorio pledged to develop a culture of personal accountability at the Swiss bank following a string of scandals. That promise ultimately sealed his fate as he was forced to resign https://reut.rs/3roQ4D4 after barely eight months in office for flouting coronavirus quarantine rules in both Britain and Switzerland. It marked the end of his attempts to reform Switzerland's second-biggest bank, still dealing with the fallout from a slew of earlier failings https://www.reuters.com/business/finance/spies-lies-chairmans-exit-credit-suisses-scandals-2022-01-17, from spying on executives to investment losses running into billions of dollars.
By Rakel Tang It is said that a picture is worth a thousand words. Today, more than ever, we know this to be true....
NEW DELHI (Reuters) -Indian Prime Minister Narendra Modi said on Monday that a collective global effort is needed to deal with the problems posed by cryptocurrenices. India has been mulling virtual currency-related regulations which were widely expected to be introduced in the winter session of the parliament in December before being shelved. India's central bank has also voiced "serious concerns" around digital currencies saying that they may impact financial stability.
HANOI, VIETNAM - Media OutReach - 19 January 2022 - The VinFuture Prize has hugely inspired all the scientists involved and it will go a significant way to put the country on the world's science map and honour those willing to go the extra mile to make scientific breakthroughs - those with endless curiosity that think outside of the box."Talk with VinFuture Prize Council and Pre-Screening Committee" in the morning of January 18th, 2022"For the community" prizeTalking about the journey to VinFutu
Singapore is unlikely to include specific plans on anticipated wealth taxes in its upcoming budget, according to Bank of America Corp.
How can APAC firms put (real-time) communication at the centre of their business processes?
When the profits dropped, the 47-year-old founder of Apostrophe Films pivoted from producing traditional films and advertisements to focusing on the online and digital space.
HONG KONG SAR - Media OutReach - 19 January 2022 - Ms. Yu Chun, President of The Hong Kong Institute of Housing (HKIH) sent a letter to the Financial Secretary of the Hong Kong Special Administrative Region (HKSAR) Government last week and proposed the followings regarding the 2022-23 Budget: (1) Allocate budget to strengthen anti-epidemic measures in old districts and rural village areas The COVID-19 situation in Hong Kong remains challenging. Therefore, it is critical to improve hygiene of loc
Gold prices dipped on Wednesday towards the previous session's one-week low as the prospect of aggressive rate hikes by the U.S. Federal Reserve sent benchmark Treasury yields to two-year highs, reducing the appeal of non-yielding bullion. Spot gold was down 0.1% at $1,812.27 per ounce, as of 0513 GMT, after falling to a one-week low of $1,805 an ounce on Tuesday. "We seem to be coiling up for some kind of breakout, likely on the downside, as the handoff occurs where inflation expectations start to slow down while nominal rates shift up around expectations for central bank action and that starts to really bid up real yields," said DailyFX currency strategist Ilya Spivak.
Microsoft on Tuesday announced a landmark $69 billion deal to buy US gaming giant Activision Blizzard, betting big on the prospects of the video game market by scooping up the scandal-hit "Call of Duty" maker.
Cryptocurrency ATMs are being closed down as Singapore moves to dramatically limit consumer marketing of crypto.
New Store Premium and first Service Centre now open at One Utama.KUALA LUMPUR, MALAYSIA - Media OutReach - 19 January 2022 - DJI, is a global leader in developing and manufacturing civilian drones and creative camera technology for personal and professional use, has launched its newest DJI Experience Store Premium and Service Centre at One Utama Shopping Mall, Petaling Jaya. Following the recent launch of its first DJI Experience Store Premium in Pavilion Kuala Lumpur, the one-stop centre offers
The world's top Instagram influencers rake in millions for every post. We count down the top 10 and get a glimpse of the Singaporeans who feature in the complete list of 395.
STUTTGART, GERMANY - Media OutReach - 18 January 2022 - Gym Aesthetics, a fashionable and dynamic German fitness apparel brand, is pleased to announce its collaboration with OliveX (BVI) Limited, a subsidiary wholly-owned by OliveX Holdings Limited (NSX: OLX), to bring Gym Aesthetics trademarked fitness apparel to the metaverse. Gym Aesthetics digital items will be designed, constructed and distributed by OliveX while experiences are being offered to users within the 12 x 12 parcel of land owned
PETALING JAYA, MALAYSIA - Media OutReach - 19 January 2022 - After experiencing one simple and quiet Lunar New Year in 2021, many households are gearing up to usher in the year of the tiger with a big bang. But before that, tradition persists. Decluttering, organizing, and tidying up the home must happen to welcome good luck in the year to come. Besides, a decluttered and organized home, apart from the abundance of food, will also help make guests feel at home. Spending time to declutter non-com
11th Allianz survey: Cyber, business interruption and natural disasters are the top three business risks globally in 2022. Cyber ranks top Asia Pacific risk for the third consecutive yearPandemic outbreak drops from second to fourth position as majority of companies are less concerned and feel adequately prepared for future outbreaksNatural catastrophes and Climate change rise significantly in the annual rankings as extreme weather events and transition risks mountAGCS CEO Joachim Mueller: "'Bus
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