Pba july 27 2018

Share to Twitter Share to Linkedin Both oil and gas exported from Russia bring in significant revenue that can be used to support the Russian war in Ukraine. But the export revenue from oil sales is much greate r than export revenue from gas sales. If the West stops buying oil this really hurts Russia – more than if the West stopped buying gas. Back in May, the EU agreed to ban all Russian oil imports by the end of 2022, at least those that are delivered by sea. That was a good move. Russia threatens to cut gas supplies to the European Union. Russia has realized that cutting natural gas doesn’t affect their export revenue (like oil does) but it affects the economies of EU countries a lot more. Russia supplied the EU with 40% of its gas last year , with Germany, Italy, and Netherlands the top three importers in actual volumes of gas. Germany had imported more than 50% of its gas from Russia via the Nord Stream 1 pipeline. By the end of June, … [Read more...] about Russia Threatens, EU Reduces, US Industry Helps To Untangle The Natural Gas War In Europe.

- A + A KUALA LUMPUR (Aug 9): Perbadanan Nasional Bhd (Pernas), who is suing Serba Dinamik Holdings Bhd's managing director Datuk Dr Mohd Abdul Karim Abdullah and two former senior executives of the oil and gas services outfit's subsidiaries to claim the return of RM46.49 million over a share investment that went bad, has applied for a summary judgement against the trio. It filed the application on Aug 1 through Messrs Azmi & Associates, claiming that the defendants' defence has no merit, and that there are no longer triable issues to be decided by the court. Pernas, a Minister of Finance Inc (MOF Inc)-owned company with the mandate to lead the development of Malaysia's franchise industry, initiated the lawsuit in May. The two other defendants named in the lawsuit are Rosland Othman and Rosli Hamat. Rosland was previously senior vice president (special project) under Serba Dinamik Group Bhd (SDGB), while Rosli was senior VP (investment) of Serba Dinamik … [Read more...] about MOF Inc-owned Pernas seeks summary judgement in RM46 mil lawsuit against Serba Dinamik MD, two former execs

S.D. Shibulal, chief executive officer of Infosys, speaks during the announcement of the company's quarterly financial results at their campus in the southern Indian city of Bangalore April 15, 2014. Staff left India's second largest IT services exporter Infosys Ltd at an unprecedented pace in the last quarter, worrying its management and raising investors' concerns about its ability to win lucrative contracts even as it posted a higher-than-expected net profit for the period. REUTERS/Stringer (INDIA - Tags: BUSINESS) - GM1EA4F1MK501 India's second-largest IT services company Infosys is "comfortable" with the higher revenue growth guidance of 14-16 per cent it gave for the full fiscal, as global IT spends are in "good shape" and digital focus of clients is "quite strong", CEO Salil Parekh said on Tuesday. Infosys' top boss told PTI in an interview that the company sees continued strength in both US and European markets, although it is keeping a close watch on the … [Read more...] about IT spends in good shape; see continued strength in US, European markets: Infosys CEO

Tenggara Strategics (The Jakarta Post) Jakarta   ● Wed, August 10, 2022 2022-08-10 07:00 0 fbd44abf30fca00c6a042b692b101d9d 4 Academia the-brief Free Nearly two months after the first foot and mouth disease (FMD) case was reported, the government finally started the cattle vaccination program for 60.6 vaccine shots in 2022-2023. The vaccines are imported through five companies assigned by the Agriculture Ministry, one of which was a fruit importer that had no previous experience in the health products market. In the first two weeks of the FMD spread, the Agriculture Ministry imposed lockdowns on affected areas and the police toughened up measures to supervise livestock movements from areas where FMD had been found. Yet, the FMD spread to 52 regencies in 15 provinces across the country within a month. Recent data on July 28 showed the number of infected cattle reached 400,000 head and economic losses estimated at Rp 9.9 trillion (US$664.17 million). … [Read more...] about Analysis: Vaccine importers make huge gains from FMD outbreak

This article first appeared in The Edge Malaysia Weekly, on August 1, 2022 - August 07, 2022. - A + A WILL it be third time’s the charm for Jardine Cycle & Carriage Ltd, which launched yet another unconditional takeover offer for Cycle & Carriage Bintang Bhd (CCB) on July 14? Jardine’s bid to acquire the rest of the shares in CCB that it does not already own — at an offer price of RM2.70 per share — marks its third attempt at making CCB a fully owned subsidiary. As with the first two exercises, the current offer is expected to fall short, because even though it is higher than the previous offers of RM2.20 per share followed by another at RM2.40, it is still far from the RM4.65 enterprise value (EV) that the main dissenting shareholder Datuk David Goh contends it is worth. In an exclusive interview with The Edge in July last year, Goh said that the underlying value of CCB — one of the largest Mercedes-Benz dealerships in the country — was at … [Read more...] about Suspense over Jardine’s third attempt at CCB privatisation

Jill Dougherty is adjunct professor at Georgetown University and a former CNN Moscow Bureau Chief. The views expressed in this commentary are her own. View more opinion on CNN. (CNN) Some of the most dramatic -- and diplomatically delicate -- moments in United States-Russia relations are linked to prisoner exchanges. Jill Dougherty February 10, 1962: In a Cold War, Hollywood-style trade on the Glienicke Bridge between Berlin and Potsdam, two men -- an American and a Soviet -- walked in opposite directions across what would decades later be known as the "Bridge of Spies." They were Francis Gary Powers, the American pilot of a spy plane shot down over the USSR, and Soviet KGB colonel Rudolph Abel, who had served five years in the US on espionage charges. More than half a century later, Vladimir Putin, a former KGB officer, certainly knows the value of prisoner swaps. In April, his administration freed former US Marine … [Read more...] about Opinion: Putin’s prisoner swap calculus

Washington (CNN) After months of internal debate, the Biden administration has offered to exchange Viktor Bout , a convicted Russian arms trafficker serving a 25-year US prison sentence, as part of a potential deal to secure the release of two Americans held by Russia , Brittney Griner and Paul Whelan, according to people briefed on the matter. These sources told CNN that the plan to trade Bout for Whelan and Griner received the backing of President Joe Biden after being under discussion since earlier this year. Biden's support for the swap overrides opposition from the Department of Justice, which is generally against prisoner trades. Kremlin spokesman Dmitry Peskov said Thursday that "so far, there is no agreement on this issue." Secretary of State Antony Blinken announced Wednesday that the US presented a "substantial proposal" to Moscow "weeks ago" for Whelan and Griner, who are classified as wrongfully detained. Speaking at a press … [Read more...] about CNN Exclusive: Biden administration offers convicted Russian arms dealer in exchange for Griner, Whelan

Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world

- A + A (Aug 9): Apple Inc is back in a familiar role as market leader after a painful first half of the year that saw hundreds of billions of dollars in market value disappear, and individual investors are a big reason for the rally. Since bottoming in mid-June, the iPhone maker’s shares have surged 27%, outpacing the S&P 500 Index and the Nasdaq 100 Index. That’s put Apple back on top as the world’s most valuable company and within sight of turning positive for the year. Apple is now down just 7.4% in 2022, compared with a drop of 20% for the Nasdaq 100. Apple shares benefited from a relief rally after its quarterly earnings were better than feared, and its ongoing buoyancy reflects Wall Street’s confidence in its ability to continue churning out big profits. Individual investors, who recently helped ignite rallies in speculative corners of the market, have flocked to the stock. “Retail investors have been strong buyers of Apple over the past couple of … [Read more...] about Apple’s chart-topping run gets a boost from retail investors

The Democratic Party won’t allow President Joe Biden to have the final word on whether he’ll be the party’s candidate in 2024. The door is conveniently open for other candidates to make their case on why Biden should step aside, and Democratic California Gov. Gavin Newsom seems to be doing just that. Newsom is a true Progressive Democrat who handily defeated a recent recall election and looks poised to win reelection for a second term in November. The California Democrat signaled his quest to become the Democratic Party’s 2024 Presidential nominee over the July 4th weekend when he paid Fox News $105,000 to air ads during their Independence Day programing to urge Floridians to move to California, according to CNN. “It’s Independence Day. So let’s talk about what’s going on in America. Freedom is under attack in your state. Your Republican leaders, they’re banning books, making it harder to vote, restricting speech in classrooms, even criminalizing women and doctors,” Newsom … [Read more...] about ANALYSIS: A Dem Dark Horse Has The Power To Trample The GOP In 2024