Bitcoin canadian price

India is 80% dependent on imports for meeting its oil needs and retail rates adjust according to the global movement in crude prices. (Representative Image) Prices of petrol and diesel have remained steady for over 40 days now. Since the end of a four-and-a-half-month-long stop in rate revision on March 22, rates of petrol and diesel have increased by Rs 10 a litre each through 14 revisions. Fuel prices were last hiked on April 6 by 80 paise a litre each. According to a price notification from fuel retailers, petrol in Delhi costs Rs 105.41 a litre and diesel Rs 96.67 a litre. In Mumbai, petrol and diesel prices are at Rs 120.51 and Rs 104.77 respectively. In Chennai, petrol costs Rs 110.85 and diesel Rs 100.94 . In Kolkata, petrol is at Rs 115.12 and diesel Rs 99.83. Oil marketing companies (OMCs) began to raise retail prices of fuel on March 22. In March, the hike was Rs 6.40 a litre each and in April the hike was Rs 3.60 a litre each. In May, there has been no … [Read more...] about Fuel Prices on May 19: Check out petrol, diesel rates in Mumbai, Delhi and other cities

- A + A KUALA LUMPUR (May 19): AEON Co (M) Bhd (AEON Malaysia) said on Thursday (May 19) prices of products sold at the retailer’s outlets in Malaysia have increased between 3% and 5% but the company has been able to delay the price hikes to enable consumers to adapt to the current inflation situation. Its managing director Shafie Shamsuddin said AEON Malaysia "is resisting a lot of pressure” from suppliers to increase prices of products. "To give you some perspective, some of our products’ [prices] have been increased [from] 3% to 5% but we have been able to delay the hike in order to give space to our consumers to adapt to the current [inflation] condition. “We believe as retailers and as any other businesses, we need to constantly find ways to innovate and reduce our cost of goods sold and reduce our operating costs of running the businesses. In return, we will be able to offer better quality products and services to consumers,” Shafie said. He was speaking … [Read more...] about AEON says product prices have increased between 3% and 5%

A super slide for stocks, bonds, and cryptocurrencies rolled all the way into last week, right up until Friday, when the Nasdaq posted its strongest one-day gain since November of 2020. Despite Friday's gains, the major averages posted losses for the week, with the Dow closing down more than 2% and posting its first seven-week losing streak since 2001. The S&P 500 fell 2.5% and hit its longest weekly losing streak since 2011, while the Nasdaq fell 2.8%. It's been a rough, rough year across capital markets. A full $35 trillion in global market value has been erased since the beginning of the year. That's 14% of all global wealth, including a trillion dollars of losses in cryptocurrencies. To put those losses in perspective, 2008 saw a 19% decline in global market value, and that doesn't include non-financial assets such as housing. Still, perspective is everything, especially for investors who have been invested in the U.S. stock market for at least five years. Believe it or not, … [Read more...] about Keeping it Real with Real Vision’s Raoul Pal

- A + A BENGALURU (May 19): The Philippine peso firmed on Thursday after its central bank raised rates for the first time in more than three years, while Asian shares tumbled on concerns around surging inflation, its impact on retail demand, and the threat of a recession. Stocks in Manila fell 1%, while the Philippine peso edged up 0.2%. The Philippine central bank raised its benchmark interest rate by 25 basis points, as expected, to address rising inflationary pressures. "With the recovery in hand and price pressures surging, Bangko Sentral ng Pilipinas (BSP) finally decided to join the rate-hike club... The bigger development was the quick walk-back of pandemic support with BSP closing the provisional advance and tweaking the bond purchase window," said Nicholas Antonio Mapa, senior economist at ING. Equities in the region also tracked weakness on Wall Street overnight as retail giant Target Corp warning of a bigger margin hit due to rising fuel and freight … [Read more...] about Philippine peso firms after rate hike, Asian stocks fall on growth fears

- A + A SYDNEY/BENGALURU (May 19): British Airways owner IAG said on Thursday it has agreed to order 50 Boeing 737 MAX jets for delivery between 2023 and 2027, in a vote of confidence in the struggling US plane-maker. The order for 25 737-8-200 and 25 737 MAX 10 jets to be used for short-haul operations at IAG-owned airlines is worth US$6.25 billion at list prices, though the company said it had negotiated a substantial discount, as is typical in the industry. IAG, which owns Ireland's Aer Lingus and Spain's Iberia and Vueling in addition to British Airways, also has a further 100 purchase options as part of the deal, which is subject to shareholder approval. "The addition of new Boeing 737s is an important part of IAG's short-haul fleet renewal," IAG chief executive officer (CEO) Luis Gallego said in a statement. The deal falls short of a blockbuster non-binding commitment for 200 737 MAX jets placed under former CEO Willie Walsh at the Paris Airshow 2019 that … [Read more...] about British Airways owner IAG to order 50 Boeing 737 MAX jets

Wan Razly as seen speaking at a press conference in conjunction with the official collaboration of AFFIN x MYTHEO on Thursday (May 19). (Photo by Kenny Yap/The Edge) - A + A KUALA LUMPUR (May 19): Affin Bank Bhd expects its loan growth to expand to 12% compared with 11% last year amidst a challenging economic and operating environment, according to the banking group’s president and chief executive officer Datuk Wan Razly Abdullah Wan Ali. Speaking at a Thursday (May 19) press conference in conjunction with the official collaboration of AFFIN x MYTHEO, Wan Razly said the bank had recorded good loan growth for the first quarter. However, he does not rule out the loan growth tapering off as things will become more expensive for borrowers and they would want to borrow less as they try to minimise their cost with the anticipation of overnight policy rate (OPR) hikes. “For us, we always look for ways to optimise our net interest margin (NIM) with the biggest … [Read more...] about Affin Bank optimistic on loan growth despite its expectation for another potential OPR hike this year

This article first appeared in The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. - A + A DATUK Ahmad Nazim Abdul Rahman, who joined Lembaga Tabung Angkatan Tentera (LTAT) last June, is its third CEO in two years. With his experience as CEO of Pelaburan Mara Bhd, he seems comfortable discussing investment and asset allocation strategies. But given the short stints of his predecessors, the question remains whether he will stay on long enough at the retirement fund to carry out the reforms that have been put in place. Following are excerpts of The Edge’s interview with Nazim. The Edge: LTAT’s main task is to give good dividends to its members. Since 2018, that has come down quite a bit. Are we going to go back and see the good days of 12% to 15%? Datuk Ahmad Nazim Abdul Rahman : It would not be sustainable to go back to that teen-per cent dividend returns. I’m happy to mention we recently announced a dividend of 4.1%, and that is the highest … [Read more...] about Cover Story: Rehabilitating a RM10 billion portfolio

This article first appeared in The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. - A + A BECAUSE military spending has always been shrouded in secrecy, companies involved in the industry are used as conduits to channel kickbacks that go undetected. It is no different with Lembaga Tabung Angkatan Tentera (LTAT) and its subsidiary Boustead Holdings Bhd (BHB), two companies that are major beneficiaries of Malaysia’s defence spending. The defence business is carried out via Boustead Heavy Industries Corporation Bhd (BHIC), in which BHB has a 65% stake. LTAT directly owns 8.16% of BHIC. In the last 15 years, more often than not, the Boustead Group and LTAT were in the limelight for facilitating deals seen largely as not “commercially driven”. From procurement of submarines to land and traffic surveillance systems, LTAT and BHB have been used as vehicles to buy assets at inflated prices. Mainly, the assets are linked to connected individuals. One … [Read more...] about Cover Story: A litany of controversial deals

This article first appeared in City & Country, The Edge Malaysia Weekly, on May 9, 2022 - May 15, 2022. A small home can appear spacious when free flow is established between the main zones of the living premises (Photo by PINS Studio) - A + A Small space living is cosy and efficient, but it can be tricky figuring out how to decorate and fit everything you need, or want, in the space without making it look crowded and messy. Naturally, people always want to make their homes look bigger. According to FEI Architect founder and principal Lam Shen Fei, there is usually the use of faux painting and a play on perspective to make a small space look bigger. “While, traditionally, the perception of space can be manipulated through the intervention of materials, there are other ways to maximise the use of small spaces. It is now a common trend, due to the rise in house prices in urban areas, where the defined plot ratio [limits] the amount of sellable area … [Read more...] about Know Your Stuff: How to make small spaces look bigger

- A + A LONDON (May 19): Heavy falls in European and Asian stock markets followed Wall Street's worst day since mid-2020 on Thursday, as stark warnings from some of the world's biggest retailers underscored just how hard inflation is biting. Bond markets rallied in the dive for safety and on bets that interest rate rises may get recalibrated, but it was the gloom striking down equities after Wednesday's US$25 billion wipeout in US retailer Target's shares that dominated the action. Europe opened down 1.8%, led by a 2.2% fall in its retail sector, while scarlet red US futures and some sharp overnight drops in China tech firms put 1½-year lows back in focus for MSCI all-country world. "Target and Walmart coming out with disappointing numbers has really, really spooked people," said Close Brothers Asset Management's Chief Investment Officer Robert Alster. "We are going to see a raft of downgrades to US GDP (forecasts) now... it really looks like we are running into … [Read more...] about Shares slump as retailer warnings fuel stagflation fears