News related to
financial

Yanchang Petroleum International Announces 2023 Annual Results Achieved Profit Turnaround of HK$580 Million

Novus’ operation continued to improve with net profit reaching CAD2.82 million Revenue of downstream oil and by-products trading in China amounted to RMB 24.94 billion Results Highlights: The Group’s overall revenue amounted to approx. HK$27.74billion (2022: approx. HK$29.94 billion), down by 7% year-on-year (YoY); With continuous improvement in oil and gas production in Canada, and the profitable refined oil and by-products trading business in China, the Group […]

Fallout of unsustainable US debt for global investors

The ominous, and very real, possibility of unsustainable debt looms large over the United States, casting a shadow of uncertainty that extends far beyond its borders. With a million simulations conducted by Bloomberg indicating that 88% of them show the US on an unsustainable borrowing path, coupled with projections from the Congressional Budget Office forecasting a staggering $54 trillion national debt within the next decade, global investors […]

OpenAI Restructures Startup Fund, Altman Relinquishes Control

In a move designed to address concerns over governance, OpenAI has reorganized its internal venture capital fund. The OpenAI Startup Fund, launched in 2021, initially had Sam Altman, OpenAI’s CEO, at the helm. This structure raised eyebrows as it functioned similarly to a corporate venture arm while being financed by external investors and having Altman call the investment shots. OpenAI has now transferred leadership of the fund […]

Western big pharma used Ukrainians as guinea pig

Salah Uddin Shoaib Choudhury A large number of big pharma companies have been using Ukrainians soil for running research labs while they have used Ukrainians as guinea pigs in developing medicines, that could potentially cause various types of cancer which was used on patients in the psychiatric ward of Mariupol Hospital No. 7 with the support of local officials in the interests of Western pharmaceutical companies. Russian […]

Influential Brands Celebrates Pioneers in Brand Leadership, Workplace Excellence, And Visionary Leadership at The Prestigious Awards Gala in Singapore And Thailand

SINGAPORE – Media OutReach Newswire – 3 April 2024 – Following the success of the CEO Summit and Award Ceremony held at the Fullerton Hotel in Singapore on the 15th of March, Influential Brands® extended its reach to Thailand, hosting another grand event at the Chatrium Grand Bangkok Hotel on the 1st of April, 2024. The events served as a platform to celebrate and acknowledge the innovative […]

Dubai Stocks See Boost in Investor Activity

Dubai’s main stock market, the Dubai Financial Market (DFM), witnessed a surge in trading activity on Sunday, with total liquidity reaching 1.47 billion dirhams. Notably, a significant portion of this activity stemmed from the “International” and “Emaar” sectors, according to market analysts. While specific figures for each sector’s performance were not immediately available, analysts highlighted a robust showing from companies listed under these categories. This buoyancy suggests […]

Optism Unveils Revolutionary AI-Enhanced ASD Support Platform on World Autism Awareness Day in Hong Kong

Pioneering ASD Support Platform Debuts in Hong Kong on World Autism Awareness Day; Featuring AI-Driven Technology. HONG KONG SAR – Media OutReach Newswire – 2 April 2024 – In a significant development coinciding with World Autism Awareness Day, Optism, an innovative platform designed for families with children on the autism spectrum (ASD), is officially unveiled in Hong Kong. Optism Launches in Hong Kong Founded by Carmen Li, […]

Chief Minister In Jail And Bureaucracy Not Listening To AAP Ministers

GDS Enters Japan in Partnership with Gaw Capital to Build 40MW Tokyo Project

Strategic Expansion Extends Data Center Leader GDS’s Reach to North Asia Following Solid Growth in Southeast Asia HONG KONG SAR – Media OutReach Newswire – 2 April 2024 – GDS (NASDAQ: GDS; HKEX: 9698), a leading developer and operator of high-performance data centers in Asia, and Gaw Capital Partners, a private equity fund management firm focusing on real estate markets in Asia Pacific and other high barrier-to-entry […]

Gillespie Manners celebrates 20 years of Executive Search excellence

Gillespie Manners, a leading UK-based global Executive Search firm is celebrating its 20th anniversary this month. Over the last two decades, the company has helped hundreds of technology businesses around the world to expand through senior talent acquisition, having placed thousands of senior, niche and C-level mission-critical roles. Over the years, Gillespie Manners has firmly established itself as a trusted, senior recruitment partner for the technology industry. […]

NEFIN Secured HKD $22.15 Million Green Project Finance Loan From Bank SinoPac Hong Kong Branch

HONG KONG SAR – Media OutReach Newswire – 2 April 2024 – NEFIN, a leading carbon neutral solutions developer, successfully secured a HKD $22.15 Million green project finance loan from Bank SinoPac Hong Kong Branch, on March 5th, to support development of environmentally sustainable projects. This initial tranche of loan drawdown is in relations to two NEFIN Hong Kong SAR projects, in cooperation with a renowned international […]

Capital Markets Malaysia and Climate Bonds Initiative launch Transition Strategy Toolkit to accelerate the pace and scale of transition finance

The Toolkit guides corporates seeking capital for their transition finance needs towards the development of credible, science-based transition plans. KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 2 April 2024 – Capital Markets Malaysia (“CMM”), an affiliate of the Securities Commission Malaysia (“SC”) in collaboration with the Climate Bonds Initiative (“Climate Bonds”) today launched its interactive Transition Strategy Toolkit (“toolkit”) that is aimed at supporting local and […]

Natural Catastrophes Caused USD 65 Billion Economic Loss in Asia Pacific in 2023, Aon reports

91 percent of losses in Asia Pacific were uninsured SINGAPORE – Media OutReach Newswire – 2 April 2024 – Aon plc (NYSE: AON), a leading global professional services firm, today published Asia Pacific insights from its 2024 Climate and Catastrophe Report, which identifies natural disaster and climate trends both globally and for Asia Pacific, to help businesses make better decisions to manage volatility and enhance resilience. The […]

Sector rotation in markets widens

Matein Khalid Bliss it was that dawn to be alive but to be long Nvidia was pure heaven. The ghost of William Wordsworth will forgive me for butchering his verse but he could have written an immortal homage to the AI annus mirabilis of 2023 had he lived in our era. After all, the S&P 500 was up 24% in 2023 and is up 10.2% in the […]

Abu Dhabi’s foray into life sciences tells a brand new story

Arabian Post Special The announcement by Abu Dhabi holding company ADQ to launch Arcera, a dedicated life sciences platform, marks an audacious foray into the biopharmaceutical realm and signifies Abu Dhabi’s ambition to not only diversify its economy but also establish itself as a leader in the global life sciences sector. The impetus for this strategic shift is clear. The world’s focus on healthcare innovation is undeniable, […]

Sovereign Wealth Fund Backs Indian Developer in Residential Push

India’s Prestige Group has secured a significant investment to fuel its residential property development across four major cities. The company announced a ₹2,001 crore (approximately $240 million) deal with the Abu Dhabi Investment Authority (ADIA) and Kotak Alternative Investment Fund (AIF). This collaboration marks ADIA’s first foray into India’s residential real estate sector. The sovereign wealth fund, managing assets for the Abu Dhabi government, is recognized as […]

HDBank announces financial statements with profit of $524 million, ROE 24.2%, releases 2024 ESG report

HCM CITY, VIETNAM – Media OutReach Newswire – 1 April 2024 – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – stock code: HDB) on March 29 announced its 2023 audited financial statements, which show it achieved its best ever results with pre-tax profit exceeding VND13 trillion (US$524 million), an increase of 26.8%, further consolidating its rapid and steady growth. HDBank has announced its […]

Mutual Respect For Each Other Is Key To India-Russia Relations

Digital Turf War: Tron Challenges SEC Authority in Lawsuit Dismissal Bid

Tron, the blockchain platform founded by Justin Sun, is firing back against the Securities and Exchange Commission (SEC) in a legal battle with significant implications for the cryptocurrency industry. In a recent court filing, Tron seeks dismissal of the SEC lawsuit, arguing the agency lacks jurisdiction over the token sale in question. This bold move comes a year after the SEC accused Tron and Sun of conducting […]

Bridging the Gap: Binance CEO Seeks South Korean Market Access

Richard Teng, CEO of the world’s largest cryptocurrency exchange Binance, recently embarked on a visit to South Korea. The trip’s primary objective was to engage in discussions with South Korean financial authorities regarding market access for Binance. This move comes after Binance’s attempt to enter the South Korean market in 2022 through the acquisition of domestic exchange Gopax. The discussions between Teng and South Korean officials likely […]

Emirati Talent Flourishes at Oxford University

In a landmark investment in the nation’s future, the Emirates Financial Institute (EFI) announced a sponsorship program funding the studies of 30 Emirati citizens at the prestigious Oxford University. The meticulously chosen group, comprised of high-achieving graduates with backgrounds in finance, economics, and related disciplines, will embark on various postgraduate programs at Oxford this fall. This strategic partnership between the EFI and Oxford University reflects a shared […]

Dubai Utility Approves Shareholder Dividend Payout

Dubai, United Arab Emirates – In a move that will likely please investors, Dubai Electricity and Water Authority (DEWA), the emirate’s sole provider of electricity and water services, announced approval for a total dividend payout of AED 3.1 billion. The decision comes after a meeting of the company’s board of directors held on March 28, 2024. The announcement highlights DEWA’s financial strength and its commitment to rewarding […]

Detaining And Inflicting Tax Terror On Opposition Is Tyrannical

Dubai Gears Up for Second Capital Market Summit Highlighting IPOs

The Dubai Financial Market (DFM) is revving up for the second edition of its Capital Market Summit, a marquee event designed to propel the region’s IPO (Initial Public Offering) landscape and foster financial innovation. Scheduled for May 1st and 2nd, 2024, at Madinat Jumeirah, Dubai, the summit aims to be a pivotal platform for collaboration, discussion, and progress within the emirate’s dynamic capital market ecosystem. Building on […]