logo

News related to
financial

Highlights of FY2022/23 Results For the financial year ended 31 March 2023, total sales were US$3,646 million – an increase of 6% compared to the prior year. Excluding the effects of foreign currency movements and acquisitions, underlying sales increased by 11% Gross profit totalled US$716 million – an increase of 2% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, decreased by 10% to […]

The Hong Kong Monetary Authority (HKMA) has selected a secured lending application of e-HKD for the inaugural e-HKD pilot programme The proposed solution is led by Boston Consulting Group (BCG), HKT Payment Limited and ZA Bank, who will partner with paywith.glass and Venture Smart Financial Holdings Limited (VSFG) as a consortium during the pilot The e-HKD Pilot Programme is in line with HKMA’s three-rail approach, announced in […]

By Prabhat Patnaik Under pressure from globalised finance capital, most countries of the world have enacted legislation fixing the size of the fiscal deficit as a proportion of GDP; generally it is 3 percent, and in India it is 3 per cent for the centre and 3 per cent for the states. The US however […]

The post US Debt Ceiling Programme Of President Joe Biden Is Beset With Contradictions first appeared on IPA Newspack.

By Matein Khalid Bubbles are a recurrent phenomenon in financial markets, from Dutch Tulips in Rembrandt’s Amsterdam to Kuwait’s Souk al Manak, Japan’s Nikkei Dow to the dotcom debacle in 2000, the credit bubble in 2007 to the crypto SPAC roller coaster in 2021 and now the global hype over artificial intelligence (AI). Is there a bubble in AI stocks even though some have been blowout winners […]

By Arun Kumar Shrivastav Hedge fund manager and macroeconomic expert Hugh Hendry has raised concerns about the US banking system and the American economy as a whole. In a recent interview with Bloomberg Markets, Hendry warned that mass panic and capital flight from the US banking sector are justified given the decline in the M2 […]

The post US Banking System Faultlines And High Debts Give Lifeline To Bitcoin first appeared on IPA Newspack.

By Sushil Kutty The “nagging Congress infighting in Karnataka” is glaringly out in the open. And the headlines are making the Congress look like a bunch of children at a candy store. The party is ridden with the suicidal impulses. One view is that the Congress high command should put its foot down, name its […]

The post Congress High Command Must Act Firm In Dealing With In Fighting In States Before Coming Polls first appeared on IPA Newspack.

By Girish Linganna On January 25, India issued notice to Pakistan, demanding changes to the Indus Waters Treaty which was signed by India, Pakistan, and the World Bank in 1960. The treaty determines the allocation of rights to the waters of several rivers in the Indus Basin between the two countries. While the treaty is […]

The post By Seeking Change In Indus Waters Treaty, India Puts Pakistan Under Strain first appeared on IPA Newspack.

Advertisements

Arabian Post Staff Wealth management firm The Family Office  announced the inauguration of its new office in the Dubai International Financial Centre, its third office in the GCC after Riyadh and Manama. The new office will offer a wide range of wealth management services, including financial planning, investment advice, advising on building customized portfolios in private equity, private debt, real estate, direct funds and more to Professional […]

Dr. Imran Khalid As US President Joe Biden prepares to reengage in negotiations with House Speaker Kevin McCarthy and other influential Republicans on the critical issue of the debt ceiling to find common ground amidst a landscape riddled with challenges, constitutional experts warn of the potential ramifications should the they fail to forge an agreement on this matter. The stakes are high. Inaction or an impasse in […]

Xapo Bank highlights a strong appetite since enabling USDC deposits in November, receiving $48 Million in USDC deposits and enabling $4.5M in USDC withdrawals since the function went live in March* BANGKOK, THAILAND – Media OutReach – 18 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to […]

By Dr. Gyan Pathak The WHO’s warning on precipitous adoption of AI must serve as a wake-up call for the world. These new AI-based tools require vigilance, especially in light of such rapidly expanding platforms such as ChatGPT, Bard, BERT, and many others that imitate understanding, processing, and producing human communication, World Health Organization has […]

The post WHO Warning On Precipitous Adoption Of AI Is A Wake-Up Call first appeared on IPA Newspack.

By James M Dorsey With Saudi-hosted talks to end Sudan fighting producing minimal results and Arab states supporting rival forces, de-escalation in the Middle East faces a major test. So does Gulf states’ ability to employ dollar diplomacy to persuade poorer Arab brethren to align with the policies of countries like Saudi Arabia and the […]

The post Sudan Tests The Limits Of Middle Eastern De-Escalation, Dollar Diplomacy first appeared on IPA Newspack.

By Satyaki Chakraborty Sheetla Singh who founded the Hindi language daily Jan Morcha based in Faizabad in 1958 and nurtured it for the last 65 years turning it into a real people’s paper passed away on Tuesday. He was 91 and active in his editorial responsibilities till the end. His demise is being mourned by […]

The post The Grand Old Editor Of Hindi Journalism, Sheetla Singh Is No More first appeared on IPA Newspack.

70 per cent of people in Asia surveyed say how they define success has changed in the past few years 46 per cent cite spending more time with family as the most important aspiration today One-third of Asian respondents say they regularly make contributions to a retirement fund as a means of improving their financial health HONG KONG SAR – Media OutReach – 17 May 2023 – […]

By Arun Kumar Shrivastav Sri Lanka is still grappling with an unprecedented economic crisis, and is expected to witness a contraction in its economic growth in 2023. The country’s economy already contracted by 7.8% in 2022 and is projected to shrink by an additional 3% this year. The challenges are related to debt restructuring and […]

The post Sri Lankan Economy Has Started Picking Up With Rise In Tourism And Remittances first appeared on IPA Newspack.

By Kalyani Shankar Could the United States also favour an Indian American for the top job in the 2024 polls? It is a million-dollar question. But it does not stop the American Indians from dreaming about it. The United Kingdom has chosen an Indian-origin Prime Minister, Rishi Sunak, last year. As for the Indian Americans, […]

The post President Joe Biden Is Favourite In The Present Campaign For 2024 Polls first appeared on IPA Newspack.

By Dr. Gyan Pathak Implementation of the four labour codes in the current financial year 2023-24 has well neigh been stalled. BJP’s debacle in Karnataka Vidhan Sabha election, the result of which came out on May 13, has changed the priorities of the party and RSS, where they have just seen how their narrative has […]

The post Implementation Of The Four Labour Codes Is Well Neigh Stalled first appeared on IPA Newspack.

Xapo Bank highlights strong appetite since enabling USDC deposits in November, receiving $48 Million in USDC deposits and enabling $4.5M in USDC withdrawals since the function went live in March* BANGKOK, THAILAND – Media OutReach – 16 May 2023 – Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, has become the first bank in the world to integrate […]

BEIJING, CHINA – Media OutReach – 16 May 2023 – Cedrus Group (“Cedrus”), a global Swiss financial group, is pleased to announce that it has signed a collaboration agreement with Xiuzheng Pharmaceutical Group (“Xiuzheng”) in March 2023. Xiuzheng is a renowned Chinese pharmaceutical major; namely, it engages in R&D, production and marketing of patent medicine, chemical and biological medicine, franchise operation of pharmacies, and standardized cultivation of […]

By Nitya Chakraborty The resounding victory of the Congress Party in the Karnataka assembly elections less than a year before the holding of the Lok Sabha polls in April/May 2024 has given a big boost to the Party and its leaders the Congress president Mallikarjun Kharge and Rahul Gandhi. For the Grand Old Party, this […]

The post After Karnataka, Combined Opposition Can Now Face Lok Sabha Polls With Bigger Confidence first appeared on IPA Newspack.

Increasing business momentum lays a solid foundation for second quarter onwards Highlights and achievements of Q1 FY23 Revenue increased by 32% YoY to reach JPY 5.6 billion Gross profit reached JPY 2.8 billion with a 32% YoY growth rate EBITDA profit increased by 60% YoY with 8% margin on a FX-neutral basis Achieved 24.4% YoY growth in customer numbers with last twelve months net revenue retention of […]

HONG KONG SAR – Media OutReach – 15 May 2023 – Hang Lung Properties (SEHK stock code: 00101) (“Hang Lung” or “the Company”) reaffirms its commitment to customer-centricity with “Go the Extra Mile” mindset, taking customer service to the next level. The 2023 Hang Lung Emerald Award presentation ceremony, honoring frontline employees who have demonstrated exceptional customer service, witnessed many nominated cases that went beyond the normal […]

By K Raveendran The Supreme Court has thwarted a move by market regulator SEBI to delay its investigation into the alleged manipulation of shares by the Adani group and issues that have been raised against the group in the wake of the Hindenburg report, which saw the share price of Adani companies nosedive. In March, […]

The post Supreme Court Sees Through SEBI’s Delaying Tactics In Probe Against Adani first appeared on IPA Newspack.

By K R Sudhaman The welcome development in Indian economy is that Inflation, riding on base effect, has moved below five per cent mark in April this year. But worrying factor is slowdown in Industrial and consumer goods production as IIP growth decelerated to 1.1 per cent in March this year. As a result rating […]

The post Moderation In Inflation May Lead To Pause In Interest Rate Hike This Fiscal first appeared on IPA Newspack.

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
OnePlus 16 India debut reconsidered amid launch discussions // New Two Way Trade Momentum Highlighted at China-Africa Cooperation Forum in Yiwu // Allianz Insurance Singapore Encourages Homeowners to Strengthen Their Home Protection as Residential Fires Continue to Rise // Flydubai Dammam cancellations persist as Etihad extends suspensions // COP31 leaders demand accelerated action as warming intensifies // The MICHELIN Guide Thailand Celebrates Its Landmark 10th Edition with Record Numbers of Entries and MICHELIN-Starred Dining Venues // California electorate defeats proposed levy on billionaire wealth // Prudential announces title sponsorship of “Prudential Hong Kong Winter Wonderland in Tsim Sha Tsui”, lighting up Victoria Harbour this winter // Moonless skies improve stargazing conditions across northern Saudi Arabia // Google school AI search policy draws Senate challenge // North Korean hackers widen drone and software attacks // Japan’s Nikkei advances as buyers return after sell-off // Messi secures consecutive MLS Golden Boots with 26 goals // Iran displays school strike memorial at COP31 summit // France identifies Iranian Guards as supermarket hacking suspects // FAB takes full ownership of Bahrain fund administrator Yasira // Singapore introduces AI scam alerts for messaging conversations // Abu Dhabi unveils restored Porsche from royal motorcade // Dubai approves airport Metro link for 2031 opening // US relocates tankers from second British base amid threats //