logo

News related to
financial

HONG KONG SAR – Media OutReach – 1 September 2022 – On 1 September 2022, after Fosun International Limited (HKEX stock code: 00656, “Fosun International”), together with its subsidiaries (“Fosun” or the “Group”) announced its 2022 interim results on 30 August, Goldman Sachs, Morgan Stanley, Daiwa Capital Markets and CICC issued research reports and unanimously assigned “Buy” or “Overweight/Outperform” ratings to Fosun International. The interim results show […]

By James M Dorsey Qatar’s 2022 World Cup promises to benefit not only itself but also to provide an unintended economic, political, and religious soft power boon for its foremost rival in the region, the United Arab Emirates. The UAE, alongside Saudi Arabia, leads a pack of Gulf states eager to capitalize on the expectation […]

The post Qatar World Cup Opens A New World For Gulf Arab Neighbours first appeared on IPA Newspack.

RIYADH: Egypt’s Financial Regulatory Authority has issued the country’s first license to an institution engaged in Shariah-compliant financing of micro-enterprises. The authority awarded the license

By K Raveendran The rupee hit a historic low this week. The immediate provocation was, of course, a signal from the US Federal Reserve that it will persist with high interest rates so as to try and control inflation. The dollar has been steadily climbing in recent times, driven by an exodus of capital into […]

The post A Historical Perspective To Rupee Falling To Its All-Time Low first appeared on IPA Newspack.

GENEVA, SWITZERLAND – Media OutReach – 31 August 2022 – On August 29, Justin Sun, the founder of TRON, brought the USDD stablecoin to the big screen in Times Square, New York, marking the start of a month-long market campaign. Analysts suggest that such a campaign may boost confidence amid the current market downturn. In an open letter published on May 5, Justin Sun officially announced his […]

HONG KONG SAR – Media OutReach – 31 August 2022 – Chubb today announced that Belinda Au has been appointed President of Chubb Life Hong Kong, subject to regulatory approval. She joins Chubb Life from Sun Life Financial, where she served as Chief Executive Officer, Singapore. In her new role, Ms. Au will have executive operating responsibility for the company’s life insurance business in Hong Kong SAR, […]

By Hugo Guzman No-one dares to say with any certainty what will be the result of the plebiscite on September 4 to approve or reject the new constitution of Chile. Despite the fact that in last year’s consultation, 79 per cent of Chileans voted in favour of a new constitutional text that would leave behind […]

The post Chile Will Be Holding Crucial Voting On September 4 On New Constitution first appeared on IPA Newspack.

Advertisements

2,000 digital specialists across Asia Pacific in place to support client demand for digital first services and innovation SINGAPORE – Media OutReach – 30 August 2022 – NCS today announced that NEXT, its digital services arm which offers clients deep-tech capabilities and end-to-end digital services, has grown to scale in key markets in the two years since embarking on its growth strategy to regionalise and expand its […]

By Nantoo Banerjee It is good to know that Russia and India are in an advanced stage of discussion on accepting each other’s debit and credit cards. Should the two countries agree, Indian ATMs (automated teller machines) will soon accept Russian MIR cards. And, Indian RuPay cards will be accepted in Russia. Further, the two […]

The post Indian ‘RuPay’ And Russian ‘MIR’ Look For New Opportunities Together first appeared on IPA Newspack.

Delhi Chief Minister Arvind Kejriwal will take a confidence vote in the house today to prove all Aam Aadmi Party (AAP) MLAs are with him despite what he claims are the BJP’s attempts to break his party and dislodge his government. Kejriwal said he wanted to take the majority test to prove that his party […]

The post Kejriwal to take majority test to prove support intact first appeared on IPA Newspack.

Highlights: Revenue increased by 31.0% to approximately HK$583.3 million. Profit Attribute to Owners of the Group increased by 8.3% to approximately HK$51.3 million The Latin America and Caribbean Segment recorded a segment result of approximately HK$576.2 million The Financial Services Segment recorded a segment result of approximately HK$17.0 million The Environmental Protection Segment recorded a segment result of approximately HK$12.0 million Basic earnings per share was 3.56 […]

Sales Volume of Novus in Canada Soared by Nearly 60% Oil and By-product Trading Business in the PRC Affected by Lawsuits Financial Highlights: Overall revenue amounted to approx. HK$9.34 billion (1H2021: approx. HK$10.21 billion) The upstream oil and gas production business in Canada, Novus’s sales volume of oil and gas amounted to 322,754 barrel of equivalent, which represented an increase of 59.4% yoy; contributed income of approx. […]

Highlights Recorded revenue of HK$10,402.8 million, representing a growth of 111.1% YOY Recorded a profit of HK$214.9 million, the turnaround in the Group’s profitability was primarily attributable to the operating profits generated by NTEC, the Group’s wholly owned Canadian oil and gas subsidiary, and higher energy commodity prices during the period Earnings per share were HK2.45 cents Operates over 800 active wells in Canada with current average […]

HONG KONG SAR – Media OutReach – 25 August 2022 – A.S. Watson Group has gained widespread and overwhelming recognition in the retail industry in Asia, winning eight regional and local accolades, including Health & Beauty Retailer of the Year – Asia Award and Omnichannel Strategy of the Year Asia Award, by Retail Asia. The Group’s flagship brand Watsons has also been voted Asia’s No.1 Pharmacy/Drugstore Brand […]

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 26 August 2022 – Bybit, the third most visited cryptocurrency exchange in the world, will list OKSE, the utility token of Okse Card and Okse Wallet, on Bybit Launchpad 2.0. Okse is a DeFi system designed to revolutionize the financial market, powered by BNB Smart Chain, Avalanche, and Fantom. The Okse Wallet allows users to do away with third […]

HONG KONG SAR – Media OutReach – 24 August 2022 – Lions & Hong Kong Baptist University (HKBU) Chinese Medicine Charity Foundation (the Foundation) was recently awarded the “HKSAR 25th Anniversary Enterprise Outstanding Contribution Awards” in recognition of its contributions to elderly service in Hong Kong over the past 15 years. Lions & Hong Kong Baptist University Chinese Medicine Charity Foundation was awarded the “HKSAR 25th Anniversary […]

Reserve Bank of India governor Shaktikanta Das has once again came down heavily upon cryptocurrencies, saying that the digital assets can create a lot of financial instability in terms of the ability of the central bank to determine monetary policy. Das’ comments came in sync with his and the RBI’s general views on cryptocurrencies, which has […]

The post RBI Governor reiterates concerns over cryptocurrency first appeared on IPA Newspack.

BEIJING, MAINLAND CHINA – Media OutReach – 25 August 2022 – Nine out of 10 accounting and financial professionals in Mainland China believe their employer will increase technology use over the next 12 months. However, there is a digital divide between large and small businesses according to CPA Australia’s Business Technology Survey 2022. Eighty per cent of Mainland Chinese respondents reported that their company has a digital […]

As the coordinator of the Digital Economy Working Group (DEWG) Industry Task Force (ITF) in the G20 Indonesia 2022 Presidency, Traveloka is helping the Indonesia government in realizing an inclusive, and sustainable digital transformation. Through this initiative, Traveloka has undertaken various programs to upskill digital talents and strengthen the ecosystem in the tourism industry. JAKARTA, INDONESIA – Media OutReach – 24 August 2022 – Digitization drives tremendous […]

Special Edition Marks In-Person Return of G2E Asia SINGAPORE – Media OutReach – 24 August 2022 – Global Gaming Expo (G2E) Asia will convene in-person for the first time since 2019 with the opening of the special edition in Singapore today. From August 24-26 at the Marina Bay Sands, more than 70 exhibitors and thousands of attendees from around the region will reconnect, network, and conduct business […]

RIYADH: Saudi Arabia’s Public Prosecution said its financial fraud unit has started an investigation into 11 suspects who were allegedly part of a criminal organization that sought to defraud

The new product, Unlimint Banking and Cards (UBC), is a one-stop banking, card issuing and processing solution HONG KONG SAR – Media OutReach – 23 August 2022 – London-based global fintech Unlimint, has today announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC), a one-stop payment accounts and card issuing and processing solution. The new offering allows companies globally to […]

Delhi Chief Minister Arvind Kejriwal on Monday sought to position the contest between the BJP and the Aam Aadmi Party (AAP) in the upcoming Gujarat Assembly polls as a “Dharamyudh” like the Mahabharat where the ruling outfit has the “armies” of probe agencies CBI and the ED on its side, while his party has the […]

The post Kejriwal invokes Mahabharat, says Krishna on his side first appeared on IPA Newspack.

The Finance Ministry on Sunday said United Payments Interface (UPI) is a digital public good and there is no consideration in the government to levy any charges on this. This statement allays fear emanating from the RBI’s discussion paper on charges in the payment system suggesting that UPI payments might be subject to a tiered […]

The post Real-time payments solution UPI to remain free first appeared on IPA Newspack.

VISHNU RAJA
RYO YAMADA
HITORI GOTOH
IKUYO KITA
Just in:
Hijack warning forces Air India aircraft into isolation // UAE authorises Ultomiris for additional kidney disease treatment // Turla malware intercepts NATO and EU government correspondence // South Korea levies unprecedented penalties on bond auction dealers // Unseen planetary neighbour shifts giant world’s orbit from view // Saudi, Qatari and Kuwaiti sukuk lead Gulf liquidity // ADNOC logistics vessel suffers damage in UAE waters // MENA startup investment tumbles without major October deals // Malaysia Airlines Secures Major Accolades for Service and MICE Offering // Oil markets are celebrating an Iran peace deal that hasn’t been signed // Flydubai Dammam cancellations continue as Etihad maintains suspensions // Nvidia presents GR00T 2 for demonstration-trained robot tasks // Auto, taxi unions go on strike // HKSTP Achieves Fruitful Success at Inaugural Participation in Singapore Urban Mobility Week 2026 // India weighs replacing ageing wind turbines to raise generation // Microsoft challenges proposed US restrictions on Chinese optical components // Google introduces specialised TPU systems with AMD processors // WellEra and Capella Bring Together the Science of Wellness and the Art of Hospitality at Thailand’s First Capella-Branded Residences // Samsung achieves 17-second chip simulation using Nvidia processors // Antalya route offers UAE Iranians new Tehran connection //