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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.
Crude prices climbed to the highest since 2014
European stock markets rose Wednesday but Wall Street continued its slide lower on concerns about interest rate hikes.
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
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 (EDGEPROP) -- Aaron Wan, senior group district director at PropNex, has purchased his second shophouse — a non-conservation freehold shophouse at 94B and 94C Koon Seng Road in District 15. Wan declined to reveal the price of the shophouse.This purchase came less than three months after his first purchase — a freehold shophouse at 147 Kitchener Road, off Jalan Besar, on Aug 23, 2021.Photo: Albert Chua/The Edge SingaporeThe Koon Seng Road shophouse has two storeys, 94B being the ground-f
By Rakel Tang It is said that a picture is worth a thousand words. Today, more than ever, we know this to be true....
Oil prices rose for a fourth day on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short term supply outlook. Supply concerns have mounted this week after Yemen's Houthi group attacked the United Arab Emirates, OPEC's third-largest producer, while Russia, the world's second-largest oil producer, has built up a large troop presence near Ukraine's border, stoking fears of invasion. OPEC officials and analysts say that oil rally may continue in the next few months and prices could top $100 a barrel due to recovering demand despite the spread of the Omicron coronavirus variant, and limited capacity in OPEC+.
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.
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.
Singapore is unlikely to include specific plans on anticipated wealth taxes in its upcoming budget, according to Bank of America Corp.
Gold edged up on Wednesday, but moves were fairly contained as the market looked to U.S. Federal Reserve's next policy meeting where it is widely expected to raise rates in an attempt to quell surging inflation. "The gold market is moving on Fed rate expectations," IG Markets analyst Kyle Rodda said. Rodda noted that the ongoing geopolitical considerations including concerns around Ukraine and Russia could be an impetus to buy gold for some, but "in the bigger picture, that issue is minor compared to Fed policy."
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
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
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
Cryptocurrency ATMs are being closed down as Singapore moves to dramatically limit consumer marketing of crypto.
Genting Hong Kong has filed to wind up the company in one of the biggest stumbles by a cruise operator globally.
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
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
As at 12.01pm, shares in Kimly are trading 0.5 cent lower or 1.22% down at 40.5 cents.