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
Pinellas toll plaza
Ukraine Effectively Surrenders Mariupol—Here’s Why The City Is Such A Prized Target For Russia
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
So you want to move to Vietnam?
“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?
How Technical Traders Apply Their Expertise To Crypto Markets
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
Tuesday Covid Update: 3,893 new cases; provincial totals
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
Will Falling Interest Rates Boost or Spook the Stock Market?
Major Moves I've been talking a lot about the 10-year Treasury yield (TNX) during the past few weeks because it has been experiencing a rather dramatic decline, falling to levels not seen since December 2017. One of the reasons I reference the TNX so frequently is it is tied to a variety of assets, indexes and indicators in the financial markets, including the 30-year fixed-rate mortgage . The 30-year fixed-rate mortgage is the most popular mortgage among individual home buyers. According to Freddie Mac, approximately 90% of home buyers choose a 30-year mortgage when financing their homes. So what's the connection between the TNX and the rate on a 30-year mortgage? These two rates have a positive correlation. When the TNX moves higher, the 30-year mortgage rate tends to move higher. Conversely, when the TNX moves lower, the 30-year mortgage rate tends to move lower. In fact, these two rates move so consistently together that mortgage brokers will often approximate what the … [Read more...] about Will Falling Interest Rates Boost or Spook the Stock Market?
Instead of binding contracts, focus on this workplace touchstone for connected team
In the world of business, everyone loves a contract. What’s not to love? They make you feel warm and fuzzy. A contract implies commitment, negotiation, and agreements to mitigate risk—all good things. advertisement advertisement After signing a contract, both sides feel confident that they can start from a place of trust with clear expectations in place. But here’s what many companies get wrong: While employment may be secured on paper, it also represents a relationship that needs to be continually fostered and maintained . Not taking the above into account is why many leaders are often blindsided by high turnover rates (as we all saw with the Great Resignation ). “What happened?” they ask. They had a contract, after all, which is a “done deal.” But I like to remind my peers in leadership that, just as in a marriage, a piece of paper isn’t a guarantee for future longevity in the workplace. advertisement Contracts fall short of … [Read more...] about Instead of binding contracts, focus on this workplace touchstone for connected team
‘A Planetary Threat’: Pollution Responsible For 9 Million Deaths Each Year, Study Finds
Share to Twitter Share to Linkedin Topline Pollution was responsible for more than 9 million deaths around the world in 2019, according to a study published in Lancet Planetary Health on Tuesday, equivalent to one in every six, a growing global problem researchers warn poses an “existential threat” to humanity but receives little political attention or funding to mitigate the crisis. Key Facts Air pollution, for example from burning fossil fuels, accounted for the vast majority of these, nearly 75%, and was responsible for 6.67 million deaths, the peer-reviewed analysis of global mortality data found, contributing towards higher rates of issues like cancer, heart disease and respiratory illness. Water pollution and toxic chemicals like lead were also responsible for millions of deaths, the researchers said, 1.36 million and 1.8 million deaths, respectively, leading to issues like sickness from unsafe drinking water, damage to the immune system … [Read more...] about ‘A Planetary Threat’: Pollution Responsible For 9 Million Deaths Each Year, Study Finds