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Malaysia's palm oil output unlikely to rebound this year
In the second half of the year, a hoped-for recovery in Malaysian palm oil output is unlikely, as the world's second biggest grower continues to struggle with shortages of fertilizer and workers. In the second half of the year, a hoped-for recovery in Malaysian palm oil output is unlikely, as the world's second biggest grower continues to struggle with shortages of fertilizer and workers. The price of fertilizers, which make up about 40% of palm oil production cost, went up over the last year on...
Updated: 06/23/2022
China to host 5th edition of import Expo in Shanghai
... companies and institutions, including British pharmaceutical group GSK , US company 3 M and Japanese trade promotion agency JETRO , signed an agreement of partnership at the online ceremony on Tuesday. Marc-Antoine Jamet, secretary-general of the LVMH Group, said in a video speech that the company is glad to continue cooperation with the CIIE, as the expo has been a source of peace, hope and confidence in the future, when the world is facing economic difficulties due to the COVID 19 pandemic. ...
Updated: 06/23/2022
Xi vows to keep China's 2022 growth target on track
It was the government s zero tolerance approach to combating Covid outbreaks and the weak housing market put the growth goal further out of reach, Chinese President Xi Jinping pledged to meet economic targets for the year. Even as the government s zero tolerance approach to combating Covid outbreaks and the weak housing market put the growth goal further out of reach, Chinese President Xi Jinping pledged to meet economic targets for the year. According to a keynote speech given by Xi at the...
Updated: 06/23/2022
JPMorgan Asset Management doubles down on China tech stocks after tumultuous selloff
After a tumultuous selloff, JPMorgan Asset Management decided to doubling down on China tech stocks, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big. After a tumultuous selloff, JPMorgan Asset Management decided to doubling down on China tech stocks, betting that a wind-down of regulatory crackdowns and attractive valuations will pay off big. Rebecca Jiang , who co-manages three China equity funds with total assets near $20 billion, said the firm hasn't...
Updated: 06/23/2022
SEC to review gamification practices
The US Securities and Exchange Commission is going to propose new rules this year to crack down on the behavioral prompts and data analytics used by some online stock brokerages and investment advisers. The US Securities and Exchange Commission is going to propose new rules this year to crack down on the behavioral prompts and data analytics used by some online stock brokerages and investment advisers. A review by the SEC of digital engagement practices, which critics refer to as the gamification...
Updated: 06/22/2022
BlackRock pushes back on SEC climate Disclosure plan
BlackRock Inc. is pushing back on key parts of the US Securities and Exchange Commission's bid to get publicly traded companies to track and disclose their greenhouse gas emissions. BlackRock Inc. is pushing back on key parts of the US Securities and Exchange Commission's bid to get publicly traded companies to track and disclose their greenhouse gas emissions. BlackRock wrote a letter to the SEC in a letter to the agency's approach to compliance threatens to increase compliance costs for firms...
Updated: 06/22/2022
Canada inflation hits four-decade high in May
Consumer price inflation in Canada accelerated to a four-decade high, adding pressure for the nation s central bank to continue with aggressive interest rate hikes in the coming weeks. Consumer price inflation in Canada accelerated to a four-decade high, adding pressure for the nation s central bank to continue with aggressive interest rate hikes in the coming weeks. In April, the annual inflation went to 7.7%, up from 6.8% in April, according to Statistics Canada . That is the highest since January...
Updated: 06/22/2022
Czech central bank raises interest rate hike to 7%
... rate setters, which signals a broader approach to policy. Michl said borrowing costs should be high enough to contain home-grown inflation risks when he takes over, but he left the door open for more tightening if strong demand threats emerges. None LVMH Has a Younger Arnault Working on Its Makeover of Tiffany s.
Updated: 06/22/2022
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