India

- A + A KUALA LUMPUR (Jan 20): Manulife Investment Management (Manulife IM) says Malaysia’s accelerated vaccination rates, which was faster than what the market had anticipated, combined with increased government spending ahead of the next general election could support domestic demand amid the lingering effects of the pandemic. At a media briefing on Thursday (Jan 20), Manulife IM’s Head of Macro Strategy (Asia), Sue Trinh said the outlook for Asian countries in 2022 is a mixed bag as the cyclical macro conditions are favourable for reopening and recovery in Taiwan, select Asean countries such as Vietnam, Indonesia, Thailand, Singapore and Malaysia, as well as Japan. “Structurally, the Asian region has a lot of work to do to recoup lost output due to the pandemic. The biggest concern remains weak consumer demand which will be exposed by the looming downturn in export growth. “On the other hand, Asia’s milder inflation expectation comes down to one simple factor — … [Read more...] about Accelerated vaccination rates, higher govt spending to support domestic demand, says Manulife IM

New York (CNN Business) The attempt to roll out amped up mobile service across the United States has been a bit of a mess. The aviation industry and transportation regulators are worried about new 5G antennas interfering with a key type of aircraft altimeter that's essential for landing planes in bad weather. But wireless carriers and telecom regulators have said there's nothing to fear. The authorities have been in a weeks-long stalemate. And the whole thing culminated this week with some major international airlines canceling some US flights, as regulators, telecom giants, and airlines blew past a deadline to come to an agreement. AT&T and Verizon are now, yet again, delaying their plans to switch on their new 5G antennas near certain airports. Regulators are still hashing out solutions. And a lot remains unclear. The President of Emirates, Sir Tim Clark, told CNN on Wednesday that the airline was not aware of some of the potential 5G rollout issues until yesterday … [Read more...] about The 5G-airline snafu: Everything we know

London (CNN Business) When protests swept Kazakhstan earlier this month, they were fueled by frustration with the ruling elite and entrenched inequality. But the unrest was sparked by a specific catalyst: an end to a government subsidy. The cost of liquefied petroleum gas — which most people in the western part of the country use to power their cars — doubled overnight after the government lifted price caps . The ensuing turmoil, which saw thousands of protesters take to the streets, resulted in a Russian-led military intervention , the resignation of the government and the deaths of more than 200 people. The episode is a reminder of the challenges facing governments that want to tackle longstanding fuel subsidies, either to reform markets and save money, as was the case in Kazakhstan, or to encourage people to switch to cleaner energy. There's a consensus that eliminating these subsidies soon is crucial to reaching net-zero emissions targets and averting the worst … [Read more...] about Ditching fossil fuel subsidies can trigger unrest. Keeping them will kill the climate

London (CNN) The concentration of greenhouse gases in the atmosphere has once again reached record highs, according to a UN report published Monday, putting the planet on course for warming that far exceeds critical limits to stave off catastrophic climate change. The concentration of carbon dioxide (CO2) in 2020 was 149% higher than levels before industrialization, hitting another annual record, according to the World Meteorological Organization's (WMO) Greenhouse Gas Bulletin. A COP flop? Covid looms over crucial climate talks as some key leaders snub the event Although the Covid-19 pandemic caused a temporary decline in new emissions , it had no discernible impact on the amounts or impact of greenhouse gases already in the atmosphere, the report found. Instead, the gradual trend of increasing greenhouses gases that had been registered over the past decade has continued. The findings add to a sense of urgency ahead of the COP26 … [Read more...] about CO2 levels in the atmosphere reach a 3 million-year high, putting the world ‘way off track’ on climate goals

Stocks rarely go straight up. When they do, the uncommon occurrence is called a "parabolic move." In stock terminology, such as move is defined by a sudden and dramatic increase in buying volume, thereby causing the company's share price to rapidly rise in a manner that resembles a parabola. Oddly enough, this phenomenon has happened on a far more regular basis in 2021 than at any other time in the history of the U.S. stock market. The most recent examples are the explosive upward moves by shares of Donald Trump's social media-associated stocks, Digital World Acquisition ( NASDAQ:DWAC ) and Phunware ( NASDAQ:PHUN ) . Last week, Digital World Acquisition's shares rose by as much as 1,500%. Phunware's shares, for their part, posted a jaw-dropping intraday high of over 2,000% during a single trading session last week. This week, it might be biotech 's turn at the parabolic-move game. Shares of Aurinia Pharmaceuticals ( NASDAQ:AUPH ) and Ocugen ( NASDAQ:OCGN … [Read more...] about 2 Biotech Stocks That Could Go Parabolic This Week

Share to Twitter Share to Linkedin Nova Credit cofounders: CTO Loek Janssen, COO Nicky Goulimis and CEO Misha Esipov. The startup ... [+] standardizes information from international credit reporting bureaus so that U.S. lenders and landlords can serve immigrants who lack a U.S. credit record. Photo credit: Nova Credit Reported by Jeff Kauflin, Tom Anderson, Michael del Castillo, Antoine Gara, Sarah Hansen, Jonathan Ponciano and Kristin Stoller. Some of the private fintech companies on this year’s Fintech 50 list have grown so large they rival public companies. Stripe is now worth $22.5 billion and Credit Karma, $4 billion. But the industry keeps attracting new entrepreneurs and novel ideas—there are 20 companies on our fourth edition of the Fintech 50 that have never appeared on our list. That includes businesses like Nova Credit, which standardizes information from credit reporting bureaus in India, Mexico and other … [Read more...] about Fintech 50 2019: The Newcomers

Share to Twitter Share to Linkedin Osama Bedier, founder and CEO of Poynt, a fintech startup that makes point-of-sale credit card ... [+] readers that third-party developers can build apps on top of. Photo credit: Poynt In 2018, while cryptocurrencies aiming to disrupt central banks suffered a stunning bear market, many fintech firms trying to make the traditional payments system work better thrived. Global funding for payments companies jumped from $8 billion in 2017 to $12 billion last year, according to Accenture . And that doesn’t even count the Chinese payments and financial services giant Ant Financial’s $14 billion funding round. In the U.S., the payments category ate up 15% of all financial technology funding deals, more than any other segment of fintech, reports CB Insights . So it’s no surprise that we had more payments companies on this year’s Fintech 50 list than we’ve ever had in our four years of running it. They run … [Read more...] about The Future Of Payments: Fintech 50 2019