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Share to Twitter Share to Linkedin NWS Holdings —a unit of New World Development that’s controlled by billionaire Henry Cheng and his family—has agreed to buy six logistics properties in China from Australia’s Goodman Group for 2.29 billion yuan ($338 million) as the Hong Kong-based developer seeks to tap the e-commerce boom, while divesting aircraft leasing firm Goshawk Aviation Ltd. In regulatory filing on Monday, NWS said it and Chow Tai Fook Enterprises, also controlled by the Cheng family, have agreed to sell Goshawk , which owns and manageds over 200 aircraft, to Japan’s SMBC Aviation Capital for a cash consideration of $1.67 billion, valuing the Dublin-based aircraft leasing company at $6.7 billion. “The transaction presents an excellent opportunity for NWS to unlock value for our shareholders and mitigate uncertainties and volatilities caused by macro factors such as changes in interest rates and the Covid-19 pandemic,” Eric Ma, CEO of NWS, … [Read more...] about Billionaire Cheng Family’s New World Buys China Logistics Assets, Sells Aircraft Leasing Firm

Share to Twitter Share to Linkedin Topline Ukrainian forces surrendered Monday at the Azovstal steel plant complex that was the site of the country’s last remaining defense of Mariupol, ceding control of the heavily besieged southeastern Ukrainian port city to Russia with a pre-war population of about 400,000 that became a crucial target for Russia since it launched its invasion of Ukraine in February. Key Facts Ukraine’s military said early Tuesday it ended its “combat mission” in Mariupol, where Ukraine’s military operations had been reduced for weeks to a small group of fighters in the Azovstal industrial district who continued to defend the city in defiance of several Russian surrender ultimatums. Both Russian and Ukrainian forces estimated about 250 troops, including about 50 seriously injured personnel, surrendered, and Reuters reports it saw the soldiers leave the plant overnight and head to Russian-controlled territory. … [Read more...] about Ukraine Effectively Surrenders Mariupol—Here’s Why The City Is Such A Prized Target For Russia

“Whilst Thailand is often nicknamed the ‘land of a thousand 7-elevens’, with a convenience store on just about every corner, there are very few of these in Vietnam, for now.” With the Thai Baht on a high at the moment, along with stricter enforcement of visa rules, some expats say they’ve had enough and are heading to Vietnam, or some other south east Asian country, where they might improve their personal situation. For example, an expat pensioner, on a fixed income, from a country where the Thai baht has risen against your currency, Thailand has become a more expensive option – perhaps impossible to make ends meet anymore with your old pension. The British pound, as just one currency, has gone from around 55 baht to the pound four years ago, to now around 39 baht, a big loss in value. Meanwhile the cost of living in Thailand has risen over the last decade. But Vietnam has its own challenges and, whilst being an amazing place to explore as a tourist, may not be to everyone’s … [Read more...] about So you want to move to Vietnam?

Share to Twitter Share to Linkedin Technical analysis has become a go-to strategy for many traders to build strategies and gauge market strategy. It is a broad subject, but at its core technical analysis relies on the use of charting tools and indicators to gauge market momentum and trends. This information can then be used to identify buy and sell signals, as well as getting an early sense of when market sentiment is starting to shift. However, technical analysis is not without is criticisms, especially when it comes to crypto. Indicators can be wrong, or send off conflicting signals. Additionally, crypto’s relatively short lifespan, especially beyond Bitcoin and Ethereum, provide little historical data to test strategies and assumptions. Additionally, concerns surrounding wash trading and market manipulation, although know unique to crypto, can be problematic. One of the industry leaders in providing crypto-specific technical analysis is Katie … [Read more...] about How Technical Traders Apply Their Expertise To Crypto Markets

38 coronavirus-related deaths were reported by the CCSA today, raising the pandemic’s death toll in Thailand to 29,550 with 7,852 of those fatalities since the start of this year. In the 24-hour period since the last count, the CCSA recorded 3,893 new Covid-19 cases and 7,323 recoveries. There are now 63,337 people in Thailand being treated for Covid-19. Out of the new cases recorded today, 4 were found in correctional facilities. More than 80,000 inmates at Thailand’s overcrowded prisons and detention centres have tested positive for Covid-19 over the past several months. Since the start of the pandemic last year, the CCSA has recorded 4,382,977 confirmed Covid-19 cases. Out of that number, 2,159,542 Infections have been reported since January 1. Vaccination update In the Thai government’s mass vaccination drive, which was launched on February 2021, a total of 135,697,195 doses have been administered, according to the CCSA. Yesterday, … [Read more...] about Tuesday Covid Update: 3,893 new cases; provincial totals