(Bloomberg) — Chinese stocks extended gains in the afternoon as President Xi Jinping’s emphasis on technology development and a slew of central bank statements reignited optimism over policy support.Most Read from BloombergThe CSI 300 Index closed up 3.6%, rebounding from a three-day loss, with chip shares leading the advance. A gauge of Chinese tech stocks listed in Hong Kong was up more than 7% at its session high.Friday’s rebound provides a welcome relief for investors, who have been clamoring for more stimulus after a historic rally lost momentum. Xi’s comments that science and tech should be at the forefront of…
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On October 17, 2024 at 09:15, H.E. Varawut Silpa-archa, Minister of Social Development and Human Security presided over the opening of the National Academic Seminar on “Transforming Industrial Businesses with AI and Carbon Credit Management for a Sustainable Future.” He delivered a special lecture on “Directions for Industrial Business Development to Secure a Sustainable Future.” […] Source link
By Heekyong Yang, Hyunjoo Jin and Toby Sterling SEOUL (Reuters) – Samsung Electronics (KS:) has postponed taking deliveries of ASML (AS:) chipmaking equipment for its upcoming factory in Texas as it has yet to win any major customers for the project, three people familiar with the matter said. Samsung has been also holding off on placing orders to some other suppliers for the $17 billion factory in Taylor city, prompting them to look for other customers and send staff deployed on site back home, three other people familiar with the matter said. The delay in equipment deliveries is a fresh…
Hyderabad: Bureau of Energy Efficiency, a statutory body of the Government of India organised its first National workshop in Hyderabad to publicize the guidelines it framed to advance Indian Carbon Market (ICM) among the stakeholders, including industries and verification agencies.To accelerate India’s climate goals, BEE’s guidelines, detailed procedure for compliance mechanism and accreditation procedure and eligibility criteria for accredited carbon verification agencies, were discussed during the workshop. These workshops are lined up to be held at Bhubaneswar, Mumbai and Chandigarh, over the next few months. Anila Vavilla, Managing Director, TSREDCO informed that the State designated agency of Telangana with the…
Image source: International Airline Group Shares of British Airways owner International Consolidated Airlines Group (LSE: IAG) have surged this year, boosted by strong trading and the company’s decision to restart dividend payments. Demand for transatlantic flights and capacity constraints within the industry have helped IAG to rebuild its profits and repay debt quicker than expected. Shareholders are set to reap the reward, with some potentially attractive cash payouts expected over the next couple of years. Here are the latest consensus forecasts from City analysts for IAG dividends: YearDividend per share (€)Dividend per share (p)Dividend GrowthDividend yield20240.0736.1n/a2.9%20250.0998.3+36%3.9%20260.1028.5+2.5%4.0% Of course, it’s always…
The main reason? Chocolate is expensive. Source link
By Florence Tan and Trixie Yap SINGAPORE (Reuters) -Crude oil futures steadied on Friday after strong U.S. retail sales data and the emergence of more fiscal stimulus to boost China’s economy, though prices were still headed for their biggest weekly loss in more than a month. futures gained 26 cents, or 0.4%, to $74.71 a barrel by 0648 GMT, while U.S. West Texas Intermediate crude was at $70.96 a barrel, up 29 cents, or 0.4%. Both contracts settled higher on Thursday for the first time in five sessions after data from the Energy Information Administration (EIA) showed that oil, gasoline…
Danish-American private equity firm Cimbria Capital plans to raise DKK 1bn (EUR 130m) in a new fund; the managing partner wants pension funds as investors. Source link
BANGKOK (AP) — Asian shares have mostly gained after China’s central bank released plans for supporting the stock market through share repurchases by companies and major shareholders.Beijing also reported that the Chinese economy slowed further in the last quarter, which spurred expectations the government will ramp up its latest stimulus efforts. The world’s second-largest economy expanded at a 4.6% annual pace in July-September, down slightly from 4.7% in the previous quarter.Growth so far this year has averaged to 4.8%, below the official target of about 5%, as weakness in the property market has continued to weigh on demand.Meanwhile, the central…
The skyline of the central business district in Beijing on August 13, 2019. (Photo by WANG Zhao / AFP)WANG ZHAO | AFP | Getty ImagesMarkets in mainland China and Hong Kong rebounded Friday after the world’s second-largest economy posted better-than-expected economic growth. Overall, Asia-Pacific markets were mixed.China’s third-quarter GDP grew 4.6% compared to the same period last year, slightly above estimates by economists in a Reuters poll but down from 4.7% in the previous quarter.The rate was at its lowest level since the middle of last year, moving further away from Beijing’s 5% annual growth target.Data for the month of…