Foreseen in the near future

Representative image Alcoa Corporation, the largest aluminium producer in the US, triggered concerns after failing to specify demand growth for the year and citing near-term uncertainties while reporting its second-quarter earnings. This may signal concerns for Indian aluminium manufacturers whose financials are sensitive to base metal prices. Alcoa said the 2022 market is expected to be in deficit and demand for aluminium is likely to be positive year on year. The company did not mention a growth rate for demand, which the street had expected because it typically announces it during the quarterly results. Alcoa said in a presentation to investors that uncertainties include the impacts of China’s stimulus programme, disruption in exports from Russia, near-term economic growth concerns, and the threat of further curtailment in production given high global energy prices. Alcoa’s net income increased 17.1 percent sequentially and 77.7 percent year-on-year to $549 million … [Read more...] about Alcoa cites near-term uncertainties, signalling caution for global peers

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2022. REUTERS/Brendan McDermid/File photo By Lewis Krauskopf NEW YORK- Stronger-than-expected corporate earnings have helped fuel the rebound for U.S. stocks but some investors are pointing to potential risks ahead for profits that could sap the market’s momentum. With the vast majority of S&P 500 companies reported, second-quarter earnings are expected to have climbed 9.7 percent from a year earlier, well above the 5.6 percent estimated on July 1, according to Refinitiv IBES. The robust profits have supported a rally that has taken the S&P 500 up about 14 percent this quarter, after a brutal first half. Some market participants are growing concerned, however, that strong corporate numbers may not last, as companies face an array of challenges, including surging inflation and changing consumer spending habits. These may make it difficult for stocks to hold their recent … [Read more...] about As earnings support U.S. stock rebound, worries over future profits grow

Share to Twitter Share to Linkedin The global stem cell therapy market was $342.7 million in 2019 and is expected to reach $3.7 billion in 2027, according to Emergen Research. The FDA approves umbilical cord blood treatment for certain lymphomas, solid tumors, anemias, inherited red cell abnormalities, leukemias, inherited immune system disorders, bone marrow cancers, and inherited metabolic disorders. However, cord tissue and placenta stem cells have also been used in studies and clinical trials to treat acquired hearing loss, autism, cerebral palsy, congenital heart defects, and more. For Kathryn Cross, her interest in blood stem cells research is personal. When she was three years old, her 1-year-old brother, Andrew, was diagnosed with cerebral palsy after an accident in which he nearly drowned. Cross launched Anja Health to make it affordable for most parents to freeze stem cells in a "safe." "Doctors told my parents that [Andrew] would pretty … [Read more...] about Cord Blood Safe Ensures Future Treatments Are Available To You And Your Family

When you visit a chic shopping area–say, the Meatpacking District in New York or the Champs Élysée in Paris–you’ll find the best-known luxury brands of our time, from Chanel to Tory Burch. The vast majority were founded by white designers, with a distinctly Western point of view. advertisement advertisement The Folklore , a marketplace that curates top African designers, like Ahluwalia or Thebe Magugu . But on September 7th, the company is expanding beyond single item sales, and will soon be unveiling a new platform called The Folklore Connect that makes it easy for retailers to place bulk orders from these designers to get their clothes in front of new customers. Rasool grew up loving fashion and once aspired to become a fashion journalist. But when she attended Rutgers University, she become interested in African studies, and went on to the University of Cape Town to pursue a masters in the field. Over time, it occurred to her that she could … [Read more...] about Africa’s coolest fashion designers will soon have their clothes in a store near you

Gold prices inched lower on Friday but were still on track for a weekly rise, as an overall weakness in the dollar offset pressure from an uptick in bond yields and expectations of further rate hikes from the U.S. Federal Reserve. Spot gold was down 0.2% at $1,786.06 per ounce, as of 1200 GMT. Bullion was still headed for its fourth straight weekly gain, up nearly 1% in its longest weekly rally in almost a year. U.S. gold futures fell 0.3% to $1,801.10. The dollar edged 0.4% higher on the day, but was down about 1% for the week. A weaker greenback makes bullion less expensive for overseas buyers. "Inflation easing a little has aided gold's rally to $1,800. But risk assets were quickly preferred and gold's rally stalled. If risk appetite fades over the next couple of weeks, that could support a move above $1,800," OANDA analyst Craig Erlam said. [MKTS/GLOB] Close Market participants have toned down expectations of an aggressive rate hike by the Fed after … [Read more...] about Gold eyes fourth straight weekly gain on dollar weakness

Malaysian Petrochemicals Association (MPA) President Akbar Md Thayoob (The Edge filepix by Shahrill Basri) - A + A KUALA LUMPUR (Aug 17): The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) will enable wider sourcing channels for raw materials at competitive prices for the country’s petrochemical players, according to the Malaysian Petrochemicals Association (MPA). In a statement on Wednesday (Aug 17), its president Akbar Md Thayoob said this directly improves Malaysia’s competitiveness and attractiveness as an investment destination. He said the association is confident that Malaysian producers’ interests would be safeguarded extensively through the necessary provisions in the trade agreement to add advantages in protecting domestic interests. Hence, he said he believes that delaying the ratification of the CPTPP would expose risks of being relegated to the sidelines, as a few of the Asean neighbours have moved ahead strongly. He … [Read more...] about CPTPP enables wider sourcing channels for raw materials at competitive prices, says MPA

(Representative Image) India’s logistics efficiency has improved dramatically in recent years and technology-driven integrated solutions and structural reforms are set to transform a sector that is largely unorganised, with almost 80 percent of the industry run by small or medium-sized companies that rely on manual and conventional working methods. “Real-time order visibility, automated approvals, and digital billings are now not a privilege but a basic necessity for logistics professionals,” said Sanket Sheth, founder of Elixia Tech Solutions Ltd., a company that offers software solutions for logistics, supply chain management, and transportation. The government is also working on various policies and infrastructure developments to streamline the logistics process, including making drones more user friendly. “Now, the focus is on the development of the logistics sector on both the macro and micro levels, thus I personally expect a positive change in the dynamics of the … [Read more...] about India’s logistics sector takes to technology to adapt to evolving business environment

Share to Twitter Share to Linkedin Known for its crystal clear waters and exclusive party scene, it’s apparent to all how Mykonos has transformed over the past decade into one of the top destinations in Europe. International luxury maisons like Gucci, Louis Vuitton, Bottega Veneta have all hurried to secure a presence here in various prime locations, not to mention the sprouting independent retailers in Mykonos Town each showcasing what the island has to offer. The best of Mykonos style is distinctively different from that of Ibiza or St Tropez — polished yet relaxed, chic yet not overdone, daring yet not distasteful. Second generation to the Liakotits family and carrying on the fashion business they grew up with, Spiros and Philipp Liakotits are the creative minds and tastemakers behind Mykonos’ best luxury outlets — the first Off-White mono-brand store in Europe; Loewe at Nammos Village; and the Liakotits brothers’ most treasured concept store: Simple … [Read more...] about Meet The Tastemakers Curating The Best Of Luxury Fashion In Mykonos

Share to Twitter Share to Linkedin One of the unexpected stars of Russia’s Army-22 trade show was a robot dog dressed as a ninja and carrying an RPG-26 rocket launcher . However, the Twittersphere quickly spotted that the outfit looked like an attempt to conceal a Go-1 robot made by Chinese company Unitree, and the killer robodog was quickly labeled as a fake. But there is more going on here than you might think. Firstly, the Russian makers of the “M-81 robot” seem to be open about the fact that they use Chinese hardware, though they say they hope to produce a Russian version. The company, Machine Intellect, is based in St. Petersburg, and says their robot dogs could transport supplies, act as scouts, and carry out attack missions. On the face of it then, we have a company adapting commercially available robotic hardware to take on a new role, with no reason not to believe that far from being a fake, it is a viable combat platform. … [Read more...] about Russia’s ‘Fake’ Robot Gun Dog — And The Real Armed Robots

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada . REUTERS/Todd Korol/File photo By Stephanie Kelly and Noah Browning NEW YORK/LONDON – Traders and fund managers have left crude oil markets in recent months, dropping activity to a seven-year low amid the worst global energy crisis in decades as investors become unwilling to deal with persistently high volatility. The exodus of participants, especially hedge funds and speculators, has made daily price swings far greater than in previous years, making it harder for companies to hedge against physical purchases of oil. The volatility has harmed companies that need energy market stability for their operations, which includes oil-and-gas companies, but also manufacturing and food-and-beverage industries. Brent crude futures are swinging sharply on a daily basis. Between Russia’s invasion of Ukraine on Feb. 24 through Aug. 15, the daily range between Brent’s session highs and lows averaged $5.64. For the same time … [Read more...] about Oil prices turn more volatile as investors exit the market