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Centrist Coalition Challenges: Ursula von der Leyen’s Strategy Against Far-Right Gains

M A Hossain As the European Union (EU) navigates through a turbulent political landscape, Ursula von der Leyen, the incumbent President of the European Commission, is fervently working to secure a second term. This pursuit is particularly challenging given the recent EU parliamentary elections, where her party, the European People’s Party (EPP), emerged as the leading group but faces significant opposition from a surging far-right. Von der […]

Crypto Tumbles Seen as Temporary Stumble, Analysts Anticipate Rebound

The cryptocurrency market’s recent slump is being viewed by many analysts as a short-lived correction rather than a sign of a prolonged downturn. The leading cryptocurrency, Bitcoin, along with Ethereum and other altcoins, experienced a price drop following the release of stronger-than-anticipated U. S. employment data on June 7th. However, traders and analysts remain optimistic, believing this to be a temporary setback before the market resumes its […]

Money20/20 Europe Unveils Six Incredible Fintech Startups And Industry Disruptors

AMSTERDAM, NETHERLANDS – Media OutReach Newswire – 6 June 2024 – Money20/20, the world’s leading fintech show and the place where money does business, has unveiled six startups that are poised to transform the world of money. The selected startups are Flexvelop, Brite Payments, Kore Labs, Nomyx, Velexa, and NALA. The emerging startups were unveiled during Money20/20 Europe’s Startup Media Session on June 5th at the RAI […]

Far Right Dominates In France As European Parliament Elections Are On

Octa insights: analysis and outlook for Malaysia’s economic growth in the first quarter of 2024

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 27 May 2024 – The latest economic report for the first quarter of 2024 from Bank Negara Malaysia (BNM), combined with new, revised data from the Department of Statistics Malaysia (DOSM), gives optimism about Malaysia’s economy in the coming year. Thus, the economy grew by 4.2% at the end of the first quarter of 2024, beating the 3.9% growth […]

Saudi Arabia’s Creditworthiness Receives Boost from Moody’s

Credit rating agency Moody’s Investors Service signaled its confidence in Saudi Arabia’s economic trajectory by maintaining the country’s A1 rating and assigning a positive outlook. This decision reflects the kingdom’s progress in implementing its ambitious reform agenda, which began in 2016. Moody’s highlighted the government’s effectiveness in managing its budget and macroeconomic policies. These efforts have bolstered financial stability and created a foundation for sustainable economic diversification. […]

Hard truth is CPI still rising

Matein Khalid The April jobs number and now the April CPI has reinforced convictions that inflation will continue to come down and thus the capital markets price two Fed rate cuts by year end. The 10-year US Treasury note yield has dropped to 4.40% though the 2-year note is still at 4.82%, making this yield curve inversion protracted even as retail sales slip and consumer credit metrics […]

Johnson Electric reports results for the year ended 31 March 2024

Highlights of FY23/24 Results For the financial year ended 31 March 2024, total sales amounted to US$3,814 million – an increase of 5% compared to the prior year Gross profit totalled US$851 million – an increase of 19% EBITA, adjusted to exclude non-cash foreign exchange rate movements and restructuring charges, increased by 56% to US$343 million or 9.0% of sales (compared to 6.0% of sales in FY22/23) […]

Vector Image Library For Graphic Designers: Unlimited Subscription Announced

VectorStock, a premier vector-only image marketplace, announces the launch of its unlimited subscription service. Auckland, New Zealand – April 10, 2024 — VectorStock now offers unrestricted access to a library of over 38 million vector images, icons, logos, graphics, illustrations, templates, and design elements, for a monthly fee of $29.99 or an annual plan priced at $19.99 per month. For more details, please visit https://www.vectorstock.com VectorStock aims to […]

ZJLD Group Recorded Revenue of more than RMB7 Billion for FY2023 Annual Results

The Premiumization Strategy Saw Outstanding Results, and Brand Reputation Steadily Escalated HONG KONG SAR – Media OutReach Newswire – 26 March 2024 – ZJLD Group Inc. (“ZJLD” or the “Company”, together with the Company’s subsidiaries, collectively the “Group”) (SEHK stock code: 06979. HK), an outstanding representative in the Chinese baijiu industry and the first baijiu company listed in Hong Kong Stock Exchange, is pleased to announce its […]

QIC shares insights in Europe on the significant opportunities in decarbonisation and decentralisation

BERLIN, GERMANY – Media OutReach Newswire – 22 March 2024 – Queensland Investment Corporation (QIC) this week participated in the annual Infrastructure Investor Global Summit which took place in Berlin from 18-21 March 2024. A large contingent from QIC’s London, New York and Australian offices were in attendance for what is the largest infrastructure investment gathering annually. Arash Shojaie, Senior Principal, QIC Infrastructure Kirsten Whitehead, Partner, QIC […]

Bottom 50 Per Cent Earned Less Than 198 Rupees Daily, PM Modi Calls It Rising India

Rates may not move, but markets will

Matein Khalid As we go into Fed watch purdah for the FOMC announcement tomorrow, one thing is certain. King Jay and his merry knights of the roundtable in DC will not move on interest rates but what they say about inflation and growth could move the financial markets with a seismic shock. The consensus prices-in at least three rate cuts in 2024 but the macro data, with […]

Prudential plc Full Year 2023 Results: Continuing Strong Performance

HONG KONG SAR – Media OutReach Newswire – 20 March 2024 – Prudential plc (“Prudential”; HKEX: 2378; LSE: PRU) today announced its financial results for the year ended 31 December 2023. Performance highlights on a constant (and actual) exchange rate basis New business profit up 45 per cent (43 per cent) to $3,125 million. Excluding the effect of interest rate and other economic movements, new business profit […]

Kenanga Investors Receives 2024 Lipper Recognition for Consistent Fund Performance

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 18 March 2024 – Kenanga Investors Berhad (“Kenanga Investors”) was a double winner at the LSEG Lipper Fund Awards 2024 (“Awards”). The firm received awards for the Kenanga Malaysian Inc Fund (“KMIF”) under the best Equity Malaysia Diversified – Malaysia Pension Funds over 10 Years and for the Kenanga Diversified Fund (“KDF”) under the best Mixed Asset MYR Flexible […]

Putin warns of World War 3 in first comments after win

Russian President Vladimir Putin warned the West on Monday that a direct conflict between Russia and the U.S.-led NATO military alliance would mean the planet was one step away from World War Three but said hardly anyone wanted such a scenario. The Ukraine war has triggered the deepest crisis in Moscow’s relations with the West […]

The post Putin warns of World War 3 in first comments after win first appeared on Latest India news, analysis and reports on IPA Newspack.

Bidenomics is all about fiscal largesse

Matein Khalid The spectacular bull market that resumed in mid-October has continued into the first 9-weeks of 2024. True, Nvidia at 919, Meta at 500 and Microsoft at 415 have all been catapulted from Wall Street to Valhalla (the abode of the Nordic Gods!) but Apple is down 14% in 2024 at 172 and Tesla at 177 are not exactly looking all that hot as they did […]

Prince Holding Group Hosts NUS Students for Global Industry Insights Program in Cambodia

PHNOM PENH, CAMBODIA – Media OutReach Newswire – 15 March 2024 – Prince Holding Group, one of Cambodia’s leading business groups, recently hosted students from the National University of Singapore (NUS) as part of the NUS Global Industry Insights (GII) program. This initiative aims to bridge academic learning with industry practice by immersing students in Cambodia’s vibrant economy, offering a mix of theoretical and practical insights. Students […]

Oi Wah entered into the Subscription Agreement to subscribe for the Fund’s limited partnership interests at HK$112 million

HONG KONG SAR – Media OutReach Newswire – 13 March 2024 – The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the “Group” or “Oi Wah”) and PACM Group (Holdings) Limited (“PACM Group”) jointly announced that Oi Wah Mortgage Limited, the indirect wholly-owned subsidiary of the Group, has entered into the Subscription Agreement with the General Partner (co-owned by PACM Group […]

CEIBS MBA ranked #1 in Asia for eight consecutive years

SHANGHAI, CHINA – Media OutReach Newswire – 8 March 2024 – CEIBS has once again claimed the #1 spot in Asia (and #21 in the world) in the Financial Times’ global ranking of MBA programmes, marking the eighth consecutive year that it has come out on top in the region. This achievement demonstrates not only CEIBS’ sustained excellence and commitment to offering a world-class MBA programme, but […]

With Nvidia, we live in the best of all worlds

Matein Khalid Voltaire’s Dr. Pangloss’s observation that we live in the best of all possible worlds definitely is true for those who held Nvidia (NVDA) into what prove to be another earnings blockbuster and now see the shares rise from 660 the night before D-Day to almost 823 at the Friday close. The problem with NVDA is that it is no longer on Wall Street but has […]

The United Nations Has Failed To Keep Peace And Security In The World

Bitcoin Surges Past $64,000, Fueled by Institutional Buoyancy

  Bitcoin has soared past the $64,000 mark for the first time since November 2021, propelled by a confluence of factors, including increased investor demand, the launch of spot ETFs, and anticipation surrounding the upcoming Bitcoin halving event. This surge marks a significant milestone in the cryptocurrency’s journey, raising questions about its future trajectory and potential impact on the broader market. Analysts, like Ryan Lee from Bitget […]

Dar Global posts record revenue

International real estate developer Dar Global announced record revenues of $360.6 million and posting a significant increase in gross profit to USD 146.4 million at a healthy margin of 41%.  Dar Global’s revenue grew 351% year-on-year compared to 2022. Profit before tax stood at USD 81.2 million compared to a loss of USD 5.2 million in 2022.   The company’s ambitious growth strategy in new markets and geographies following the London Stock Exchange listing […]