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By Arun Srivastava Narendra Modi was shunned by the U.S. in 2005. But he is no more a pariah. The same US, but now under the presidency of Joe Biden, is rolling out the red carpet for Modi, who will become just the third world leader (after France’s Emmanuel Macron and South Korea’s Yoon Suk […]

The post US Offer Of High Tech Defence To Indian PM During His Visit Is Linked To Geo-Political Strategy first appeared on IPA Newspack.

  Prime Minister Narendra Modi left for the US today on a landmark state visit – the highest diplomatic reception reserved for closest allies. An unprecedented deal on jet engine technology transfer is also expected during the visit. Modi’s schedule for the next three days will involve a rare address to the joint session of […]

The post Modi leaves for landmark US visit, defence ties in focus first appeared on IPA Newspack.

By K R Sudhaman The Narendra Modi government seems to be on cloud nine after more than expected growth in the fourth quarter of 2022-23. There are certain warning bells in the macroeconomic fundamentals, which should not be ignored. Morgan Stanley is in all praise for Modi government for economic achievements during the last ten […]

The post Indian Economy Is Showing Signs Of Buoyancy But There Is No Relief For Unemployed first appeared on IPA Newspack.

Matein Khalid Saudi Arabia’s unilateral 1 MBD output cut in Vienna last week did not trigger a credible rally in crude oil prices. Au contraire, Brent ended the week at $74.80 and West Texas a tad above $70, down 2%. Prince Abdulaziz’s warning to the oil bears to “watch out” has failed for the second time since April’s shock OPEC+ supply cut. It is obvious that both […]

By Nantoo Banerjee Notwithstanding the hype being built around Prime Minister Narendra Modi’s forthcoming official state visit to the United States, it would be wrong to expect any major economic benefit to India as a result of the trip. On top of the agenda are the strategic issues which concern both the US and India. […]

The post PM’s US State Visit Is An Admission Of Growing Indo-US Strategic Partnership first appeared on IPA Newspack.

Matein Khalid The $7 trillion foreign exchange market can be merciless if you read its macro smoke signals wrong or ignore the hoofbeats of the leveraged herds who determine its positioning, politics of central banks, government policy and above all the psychology that shapes sentiment. The biggest consensus trade for 2023 was supposed to be the dethronement of King Dollar amid a robust Chinese reopening recovery and […]

HONG KONG SAR – Media OutReach – 8 June 2023 – Today, KGI Asia has released its 2023 Mid-Year Global Market Outlook, which covers mainland China, Hong Kong, Taiwan, the U.S., Singapore, and Indonesia. From left to right: Kenny Wen, Head of Investment Strategy at KGI Asia, James Chu, Chairman at KGI Investment Advisory, and Kevin Tai, Head of International Wealth Management at KGI Asia In the […]

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Jollibee, Smashburger, and The Coffee Bean and Tea Leaf ® Parent Group continues momentum with accelerated North Am store network expansion MANILA, PHILIPPINES – Media OutReach – 6 June 2023 – Jollibee Foods Corporation (JFC), one of the largest and fastest-growing restaurant companies in the world, reported +20.2% Systemwide Sales Growth and +6.7% Same Store Sales Growth in North America (Philippine Brands and Smashburger), as disclosed by […]

By K Raveendran The decision by OPEC+ to enforce no official cuts, and yet a voluntary cut by swing producer Saudi Arabia, has had only limited upside price pressure, but the long-term price development will hinge on macroeconomic sentiment and the possible extension of the voluntary Saudi Arabian production cut beyond July. After more than […]

The post Oil Market Hinges On Possibility Of Saudi Production Cut Extension Beyond July first appeared on IPA Newspack.

By Dr. Gyan Pathak India’s growth rate for 2022-23 exceeded expectations. It has now been estimated upward to 7.2 per cent from 7 per cent as per second advance estimate released in February. The magic was the result of a stronger-than-expected fourth quarter growth when GDP rose to 6.1 per cent, in addition to upwardly […]

The post High Growth Rate Of GDP In 2022-23 Hides Many Concerns Over Its Nature first appeared on IPA Newspack.

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 […]

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.

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 […]

With seven lens attachments (200-degree fisheye, 1.55x anamorphic, 1.33x anamorphic, 16mm wide angle, 60mm telephoto, 10x traditional macro, and 75mm long range macro), you can capture better images than even […]

By K Raveendran The decision by the Union government to tie local gas prices to international prices comes at a time when global prices are on a downward trend and this is great news for consumers who have hitherto been at the receiving end of higher prices as well as their administration. Under the new […]

The post New Pricing Mechanism, Market Downtrend Bring Big Relief To Gas Consumers first appeared on IPA Newspack.

Arabian Post Staff According to numbers released by the Abu Dhabi Statistics Centre, the emirate achieved a remarkable 9.3% growth by the end of 2022, compared to 2021. The new figures position Abu Dhabi as the fastest-growing economy in the Middle East and North Africa region. Abu Dhabi’s impressive growth across its diverse sectors during 2022 is attributed to its robust economic framework, coupled with a collaborative […]

HONG KONG SAR – Media OutReach – 7 May 2023 – The Wealth Management Expo 2023 presented by Bank of China (Hong Kong) and organized by Metro Finance FM 104 was successfully staged on 6 May at the JW Marriott in Hong Kong. Themed “Forecasting Economic and Trade Trends, Embracing Wealth Opportunities.”, a number of top-tier financial and economic experts, as well as political and business celebrities, […]

By Prabhat Patnaik The data on unemployment brought out by the Centre for Monitoring the Indian Economy (CMIE) present a grim picture. Not only has the unemployment rate increased sharply for some years now, starting from even before the pandemic, but the figure which had shot up during the pandemic has not come down much […]

The post Present Acute Unemployment Crisis Can Not Be Dealt By Modi’s Neo-Liberal Agenda first appeared on IPA Newspack.

HO CHI MINH CITY, VIETNAM – Media OutReach – 28 April 2023 – The Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank – HOSE: HDB) has successfully organised its 2023 annual general meeting with a high approval rating. The bank has approved a number of targets, plans and proposals, including a target of VND13.2 trillion ($562.67 million) in profit for 2023, a growth of 29 […]

By Nantoo Banerjee At a time when India is aiming to become an industrial powerhouse and a $5-trillion economy by 2026-27, the country’s nearly 500-million workforce, the second largest after China, lives in deep uncertainty over life after retirement. The minimum pension continues to be Rs.1,000 per month for the last two decades despite pre-election […]

The post Life Is Dreadful For Millions Of India’s Industrial Pensioners first appeared on IPA Newspack.

By Matein Khalid The global EV market has entered a cutthroat, even Darwinian competitive dimension now that Tesla (TSLA) has initiated a price war to capture market share, though a plunge in gross margins is the blood sacrifice for market dominance. So TSLA’s Q1 earnings were a predictable horror, with a fall in operating income/margins after successive price cuts. Tesla can succeed in this strategy in the […]

By K Raveendran A graph tweeted by Rahul Gandhi, sourced to ‘India’s Consumer Economy 360 Survey’, and showing that between 2016 and 2021 income of the poor class decreased by about 50 per cent has put the focus on the think-tank that produced the survey report.  Rahul cited the graph to back his claim that […]

The post Minefield Of Labour Statistics: Confusing Signals And Conflicting Claims first appeared on IPA Newspack.

By Ben Chacko This spring has been a triumphant one for Chinese diplomacy, from the breakthrough in Iran-Saudi relations to Friday’s high-profile summit with Brazilian President Lula. Lula’s remarks on moving away from trade in US dollars show Chinese President Xi Jinping’s description of China and Brazil as “comprehensive strategic partners” has real content. Britain’s […]

The post China Outsmarts USA In Hardcore Diplomacy In The Last Two Months first appeared on IPA Newspack.

By Dr. Gyan Pathak Rapid advances in the development and adoption of artificial intelligence (AI) technologies have also triggered a rapid labour market and workplace transition. At the labour market level, it is likely to increase productivity and create new jobs, but at the same time it is likely to replace or at least alter […]

The post AI Triggers Rapid Labour Market And Workplace Transition first appeared on IPA Newspack.

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