Csi caixin new economic engine index

The trend of Malaysia’s economic recovery is in a better direction, according to the chief statistician. (Photo by Low Yen Yeing/The Edge) - A + A KUALA LUMPUR (June 23): Malaysia’s economic recovery is in a better direction as the performance of the Leading Index (LI) for April 2022 eased to a better negative of 0.5% from a negative 1.4% in March 2022, said the Department of Statistics Malaysia (DOSM). The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to six months ahead. In a statement, the DOSM said the decrease in the LI was influenced mainly by a drop in the number of housing units approved caused by a decline in applications from developers during the said month. Based on a month-on-month comparison, LI slipped to a negative 0.5%, dragged by the number of housing units approved (-1.4%), the number of new companies registered (-0.5%), and the Bursa Malaysia Industrial Index (-0.3%). "Despite the … [Read more...] about DOSM: Leading Index signifies better economic recovery ahead

(File image) Narendra Modi bows down in respect at the steps of the Parliament house upon his arrival to attend the BJP parliamentary party meeting in New Delhi on May 20, 2014. Modi fought back tears in an emotional first address to his party in India's Parliament house. REUTERS/Adnan Abidi (INDIA - Tags: POLITICS ELECTIONS) - GM1EA5K1GOD01 Eight years ago, on May 26, 2014, Narendra Modi was sworn-in as India’s Prime Minister after the Bharatiya Janata Party (BJP) won a landslide victory in the general elections. A few days prior to this, Modi, as Prime Minister-designate, went to Parliament and entered the Central Hall for the first time. In a now popular photograph, Modi is seen bowing and touching the stairs with his forehead leading to the Parliament building as a mark of respect to the “ temple of democracy ”. Modi’s ascension was an apt example of the power of a democracy. For his journey from Vadnagar, in current day Gujarat, to 7, Lok Kalyan Marg, in New Delhi, is proof … [Read more...] about Modi Govt @ 8 | Indian democracy needs a recast to boost economic reforms

Micron Technology, Inc. (MU) shareholders have suffered through their fair share of ups and down over the years, with this highly cyclical stock reacting to all sorts of short- and long-term catalysts. Fortunately, this bilateral footprint may break down in 2020, allowing a breakout above 2018 resistance in the mid-$60s. More importantly, that rally will open the door to an assault on the all-time high, posted at the height of the internet bubble 20 years ago. The majority of chip stocks look overextended and in need of a downturn following a dramatic uptrend that has lifted the PHLX Semiconductor Index ( SOX ) to an all-time high. However, Micron stock often goes its own way during broad-based declines, paying little attention to the price action in other corners of the semiconductor universe. This tendency could come in handy in coming months, with the decade-long economic expansion running into multiple headwinds. MU Long-Term Chart (1990 – 2020) The stock … [Read more...] about Micron Technology Stock Could Break Out to New High

Share to Twitter Share to Linkedin The Honduran government is emphasizing clean energy and the environment when addressing poverty in the country. It is thus moving to protect its ecosystem and rainforest — a proposition that necessitates an $8 million increase in its environmental budget. Indeed, it covets its rainforest, which covers 56% of the country and houses 91 national parks and protected areas. But like a lot of emerging countries, it needs jobs and food. And therein is the paradox that Honduras and other rainforest nations in Asia and Africa face: the forests are the most effective way to suck heat-trapping emissions out of the air . But the same trees could also be harvested for wood, or the land could be farmed. Developed nations are pushing those countries to keep their trees. But they have value, the opportunity cost of what they would otherwise create. The United Nations Framework Convention on Climate Change in Bonn, Germany spotlighted … [Read more...] about Rainforests Nations Want To Be Rewarded For Saving Their Trees — Now

Share to Twitter Share to Linkedin Bob van Luijt is CEO of SeMI Technologies the company behind the open-source vector search engine Weaviate . A new ecosystem of smaller companies is ushering in a “third wave” of AI-first database technology. New search engines and databases brilliantly answer queries posed in natural language, but their machine-learning models are not limited to text searches. The same approach can also be used to search anything from images to DNA. Much of the software involved is open source, so it functions transparently and users can customize it to meet their specific needs. Clients can retain control of their data, keeping it safely behind their own firewalls. How We Got Here First-wave database technology is often called by the acronym SQL—the initials of a ubiquitous query language used to manage relational databases, which are conceptually similar to spreadsheets or tables. Throughout the 1980s, this … [Read more...] about The AI-First Database Ecosystem

By Seth Matlins Managing Director, Forbes CMO Network N o matter how you measure marketing influence, no matter the tweaks made to methodology over time, no matter the sea-change across the marketing landscape itself, the chief marketers being “inducted” into this first class of The Forbes CMO Hall of Fame, have been mainstays of The Forbes World’s Most Influential CMOs List since its launch in 2012. We consider this proof positive of their enduring influence on the brands and businesses they help lead, on industry, the marketing community and the attitudes and behaviors of people the world over. Individually and collectively, they have shown us what true (marketing) leadership and impact—in the face of unimaginable and unforeseen change—looks like. Given their influence, given the scope and scale of their achievements over time we thought their perspective on the changes these Chief Marketers have seen (and driven) over the past decade, and the ones they expect to … [Read more...] about Forbes CMO Hall Of Fame Inductees On The Evolution Of Marketing And Marketing Influence

- A + A SHANGHAI (June 24): Chinese stocks closed up at their highest level since early March on Friday (June 24), gaining for a fourth straight week, as the country stepped up effort to stimulate a Covid-19-hit economy with the infusion of fresh capital into the banking system to keep liquidity stable. The blue-chip CSI 300 Index rose 1.2% to 4,394.77, while the Shanghai Composite Index gained 0.9% to 3,349.75 points. The Hang Seng Index rose 2.1% to 21,719.06, while the China Enterprises Index gained 2.2% to 7,629.06 points. For the week, the CSI 300 Index rose nearly 2%, while the Hang Seng Index added 3.1%. The People's Bank of China injected 60 billion yuan (US$8.96 billion or about RM39.45 billion) worth of seven-day reverse repos as demand for cash for the end of the first half of the year started to pick up. Global equity markets rose as commodities including copper and oil dropped, offering a salve for inflation fears. Refinitiv data showed strong … [Read more...] about China stocks log fourth weekly gain after central bank injected cash

- A + A (June 23): Chinese stocks rose to a near four-month closing high on Thursday (June 23), while Hong Kong's share benchmark gained over 1%, as Chinese tech companies and automakers jumped on Beijing's policy support. The market also drew inspiration from a surge in Chinese battery giant Contemporary Amperex Technology Co Ltd (CATL), following its US$6.7 billion (about RM29.52 billion) private placement and China's planned introduction of new stock index derivatives. US and European central banks "have been raising interest rates and shrinking balance sheets, but China has been loosening monetary policies to stabilise growth", said Linus Yip, the chief strategist at First Shanghai Group. In addition, "valuations of China and Hong Kong stocks are lower than their US peers". China's blue-chip index of CSI 300 rose 1.7% to the highest closing level since early March. The Shanghai Composite Index climbed 1.6%, also hitting a near four-month closing high. Hong … [Read more...] about China, HK stocks gain on Beijing’s support to tech, auto

Share to Twitter Share to Linkedin At one time it easy to determine which new vehicles were made in America. That would have been any models built and sold by the domestic-brand players, including General Motors, Ford, Chrysler, and certainly American Motors. Then things began to blur in the second half of the 20 th Century as U.S. automakers rebranded and cars built elsewhere in the world to help compete with the flood of fuel-efficient small European and Asian imports reaching our shores. Buick would come to sell cars built by Germany’s Opel, while Chrysler offered renamed Mitsubishis from Japan; Ford’s Capri came from Ford of Europe, and General Motors imported models from both Japan’s Suzuki and South Korea’s Daewoo. The waters would muddy even further as Asian and European automakers built assembly plants of their own in the U.S., the domestic brands moved some production to Mexico and Canada, and parts would be sourced from just about everywhere in … [Read more...] about Do You Know Which Are The ‘Most American’ Cars For 2022?

Asian shares wobbled while commodity prices fell on Thursday as mounting worries about the risks of a global recession amid aggressive rate hikes by the Federal Reserve kept broad investor sentiment fragile. MSCI's broadest index of Asia-Pacific shares outside Japan reversed earlier gains to be mostly flat in Asia trade. Stocks in South Korea were off, while Japan's Nikkei was broadly unchanged. Hong Kong's Hang Seng Index climbed 0.6%, following the news that Chinese President Xi Jinping chaired a top-level meeting on Wednesday that approved a plan for the healthy development of China's large payment firms and fintech sector. Overnight, the dollar fell alongside U.S. Treasury yields after Fed Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee, acknowledged a recession was "certainly a possibility", but the Fed is not trying to engineer one. A Reuters poll showed the Fed will deliver another 75-basis-point interest rate hike in July, followed by a … [Read more...] about Asia shares struggle, oil falls as recession fears linger