Day: January 21, 2022

Bond yields tumble as Netflix fuels stock market sell-off

Published by Reuters By Herbert Lash and Tommy Wilkes NEW YORK/LONDON (Reuters) – Risk aversion dominated on Friday as stocks slumped in Europe, Wall Street slipped, oil prices fell and bond prices surged with traders scurrying for the relative safety of government debt. Investor nerves over how aggressive the Federal Reserve will tighten monetary policy were shaken by poor subscriber growth at Netflix late on Thursday. Its share price tumbled nearly 20% and sent U.S. and other markets lower. The Nasdaq, the stand out performer of the stock market boom since the pandemic began, has fallen more than 10% from

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Unchartered waters

Published by Philippine Star The Reserve Bank of India recently announced that it is exploring a digital version of its currency or an online version of the rupee. If India pushes through with its plan, then it will be the first central bank in the world that will enter this unknown and unchartered world of central bank-backed digital currencies. Right now, we have so called virtual currencies or VCs, which our Bangko Sentral ng Pilipinas (BSP) describes as a type of digital currency created by a community of online users, stored in electronic wallets, and generally transacted online. VCs are

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2022’s First SPAC and Metaverse Investment Opportunities Virtual Investment Conference in Hong Kong

Published by ACN Newswire Co-organized by LBS Communications, New Vision and Mileage Singapore HONG KONG, Jan 21, 2022 – (ACN Newswire) – LBS (Leverage Big Strategies) Communications Consulting Limited (“LBS”), a professional strategy-based investor relations consulting firm based the Greater China region with global presence, today successfully organized the first Virtual Investment Conference, “Invest For a Better World With Innovation – from SPAC to the Metaverse” in 2022, along with New Vision Asset Management and Mileage Communications from Singapore and under the support from our media platform partner, Futu and …

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CasperLabs Mints ‘Agreement NFT’ With China’s BSN To Become Preferred Blockchain for the City of Fuzhou

Fuzhou, city of 8 million, will leverage an Open Permissioned Blockchain (OPB) Adaptation of The Casper Network in an NFT-based agreement between CasperLabs and BSN to bolster blockchain innovation in China ZUG, Switzerland, Jan. 21, 2022 (GLOBE NEWSWIRE) — CasperLabs, a leading blockchain software company for the enterprise market is pleased to announce a partnership […]

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Cambodia-Based Harrods International Academy & Renford International School Join Global Schools Foundation

The not-for-profit GSF is known for operating internationally award-winning schools. Its related entity, Global Schools Holdings (GSH), drives the internationalisation and growth. PHNOM PENH, Cambodia, Jan. 21, 2022 (GLOBE NEWSWIRE) — Singapore-based Global Schools Foundation (GSF) announced that the reputed Waterbridge Global Education Co. Ltd., which owns and operates a network of five highly acclaimed […]

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Tight supplies, heating demand drive global gasoil margins to multi-year highs

Published by Reuters By Mohi Narayan, Roslan Khasawneh and Ron Bousso (Reuters) – Refiners globally are reaping the highest profits from gasoil production in years on stronger than expected demand and tight supplies despite concerns about the Omicron coronavirus variant’s impact on the world economy. Demand for the fuel used to power trucks, generators and machines remained strong even as COVID-19 cases surge across the world as measures taken by governments to curb the spread were less severe than in 2020, traders and analysts said. Strong jet fuel prices have also reduced the availability of the middle distillat…

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Rio Tinto shares slump as Serbia pulls plug on its $2.4 billion lithium project

Published by Reuters UK By Sonali Paul and Praveen Menon MELBOURNE (Reuters) -Shares in Rio Tinto tumbled on Friday after Serbia revoked its lithium exploration licences over environmental concerns, hurting the Anglo-Australian miner’s ambition to become Europe’s largest supplier of the metal used in electric vehicles. The decision by Serbia comes as it approaches a general election in April, and as relations between Belgrade and Canberra have soured after Sunday’s deportation of tennis star Novak Djokovic from Australia…

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Indonesia’s Wooden Frame Manufacturer Astari Niagara Recognised as Outstanding Supplier by Large US Retailers After Streamlining Operations With Nimbly

This partnership with Nimbly enables the company to optimise production and adhere to strict international standards Livia Geraldine, CMO of Astari Niagara JAKARTA, Indonesia, Jan. 20, 2022 (GLOBE NEWSWIRE) — Nimbly Technologies today announced that Indonesia’s largest, award-winning wooden frame manufacturer, Astari Niagara, implemented Nimbly to digitalise their operations. With this, the company is able […]

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