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The Securities and Exchange Board of India (SEBI) may announce a regulatory framework for algo trading by retail investors this week, seeking to make such trading safe and to prevent market manipulation. SEBI published a consultation paper in December 2021, saying it was considering regulations and sought feedback on retail investors using algo- trading tools such as Application Programming Interface (API) access. Moneycontrol explains what algo trading is and why the regulator wants to regulate retail investor activity in the segment. What is algo trading? Algo trading uses algorithms, or a predefined set of commands, to dictate the exact criteria for buying and selling stocks and other assets such as futures and options (F&O), commodities and currency derivatives. Close A simple example: Buy 100 Infosys shares every time the rupee depreciates 5 percent against the US dollar. The trades take place faster and manual monitoring is done away with. It … [Read more...] about MC Explains | What is algo trading, why SEBI is seeking to regulate the segment

- A + A SHANGHAI (June 30): Chinese stocks marked their best month in nearly two years on Thursday (June 30), supported by signs of an economic recovery after the easing of Covid-19 restrictions. However, in Hong Kong, the benchmark Hang Seng Index slipped 0.62% to 21,859.79 points at the close, while Chinese H-shares listed in Hong Kong edged down 0.36% to 7,666.88 points. By the end of the session, the Shanghai Composite Index rose 1.1% to 3,398.62 points, while the blue-chip CSI 300 Index gained 1.44% to 4,485.01 points. Both indicesrecorded their biggest monthly gains since July 2020. Gains across the board came as official data showed that China's factory and service sectors snapped three months of activity decline in June as authorities lifted a strict Covid-19 lockdown in Shanghai, reviving output and consumer spending. China's central bank needs to keep cuts to interest rates and banks' reserve requirement ratio among its policy options while waiting for … [Read more...] about China stocks log best month in two years on recovery hopes, easing Covid-19 curbs

Infy's market cap after peaking at $110 billion in January is around $79 billion now, more than double what it was when Salil Parekh took charge. By approving a mega-compensation package for Salil Parekh, its CEO for the last four-and-a-half years, Infosys isn’t just rewarding his performance but also correcting a historical wrong. In 2017, Parekh was brought in after the messy exit of previous CEO Vishal Sikka. Through all the sparks that flew in the months leading up to the eventual transition, it was Sikka’s high salary that was the bone of contention. The fact is, notwithstanding co-founder NR Narayana Murthy’s disagreements with Sikka over the issue, the company’s investors clearly were impressed with his performance, enough for its share price to rise 26 percent in the three years that he was at the helm. Nor was this part of a secular rise in IT stocks. During that period, Infosys was the outperformer in the stock market with shares of the other four Indian IT companies … [Read more...] about Salil Parekh’s salary is merely a reflection of Infosys’ performance

The Steam Deck is a portable gaming system that breaks the biggest rule of gaming systems. advertisement advertisement Unlike practically every major game console that’s come before it, the Steam Deck , from PC gaming giant Valve, doesn’t lock users into one ecosystem. While Valve’s own Steam store is the default way to buy and play games, the Steam Deck also lets users install whatever software they want on the device’s Linux-based operating system. The experience has been liberating. In recent weeks, I’ve gorged on weird indie creations from itch.io , classic games from GOG.com , and free games from the Epic Games Store . I’ve used Plexamp to stream my personal music collection in place of in-game soundtracks, and I’ve used Vivaldi to browse the web in the Steam Deck’s desktop mode. You don’t have to use your Steam Deck this way, but just being knowing that it’s an option makes the device more capable and personal. The tech industry is … [Read more...] about Valve’s Steam Deck makes a brilliant case against walled gardens

Share to Twitter Share to Linkedin Topline The Supreme Court struck down a New York law Thursday that only lets firearm owners receive a concealed carry license if they have “proper cause,” a blow to gun control advocates that marks the court’s most significant Second Amendment ruling in over a decade and could roll back gun control measures across the country. Key Facts The Supreme Court ruled 6-3 in New York State Rifle & Pistol Association v. Bruen that New York’s concealed carry law violates the Fourteenth Amendment, by stopping “law-abiding citizens with ordinary self-defense needs” from practicing their Second Amendment right to bear arms. The challenge , brought by gun owners in the state, argued New York’s law that only gave licenses to firearm owners who have “proper cause” was unlawful under the Second Amendment, because licenses are too often denied and the decisions are left up to the personal discretion of individual licensing … [Read more...] about Supreme Court Strikes Down N.Y. Concealed Carry Law—Could Lead To Rollbacks Nationwide

Share to Twitter Share to Linkedin PS , the private terminal service for airline passengers, is adding a second location, this one at Hartsfield-Jackson Atlanta International Airport, the busiest U.S. airport with over 75 million passengers in 2021. The move comes as Delta Air Lines, which operates a hub there, said it is restricting access to SkyClub lounges. According to The Atlanta Journal-Constitution , wait times at TSA checkpoints have been stretching to 45 minutes on busy mornings. The PS VIP lounge will open this Fall, joining Los Angeles International Airport. The service enables travelers to avoid the main terminals with private TSA Security, Customs, Immigration and lounge facilities. In Atlanta, PS will partner with Signature Aviation, the world’s largest operator of FBOs , the private jet terminals used for business jets and general aviation. Through a long-term lease agreement, one of Signature’s two buildings at Hartsfield-Jackson … [Read more...] about PS Brings VIP Service For Airline Passengers To Atlanta

Share to Twitter Share to Linkedin “Keep on going straight down until you can’t go on anymore. You'll reach a very small village; it’s like it’s the last village before you reach the end of the world,” says Pierre, the taxi driver who picks me up from Marseille train station. As we zip along the craggy coastline of France's second largest city, he tells me a little bit about Les Goudes, where I am headed, which is a district in south Marseille tucked in the Calanques National Park, a large rocky stretch of limestone cliffs scattered with coves that extends 200 square miles along the sea. We stop before Les Goudes village in front of a small glass door with pastel pink lettering indicating I’ve reached Tuba Club , the restaurant with rooms that's become a go-to for well-heeled travelers since it opened in summer 2020. The small clapboard building is combed with a corrugated roof like icing on a cake. Inside, there's a beachy fresco by artist Emmanuelle … [Read more...] about Tuba Club, South Of France’s Coolest Spot, Gets Hot New Resident Chefs

This article first appeared in Capital, The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A Bermaz Auto Bhd Target price: RM2.40 ADD CGS-CIMB RESEARCH (JUNE 14) : BAuto’s 4QFY22 revenue rose 44% quarter on quarter due to stronger contribution from Malaysia (+45% q-o-q) and the Philippines (+34% q-o-q) on the back of higher sales volume, which grew 47% and 30% q-o-q respectively. The group also attributed the stronger sales in Malaysia to higher contributions from new model launches for Kia and Peugeot, which grew 29% and 94% q-o-q respectively. BAuto declared a combined interim and special dividend per share of 4.5 sen for the quarter, bringing the total dividend for FY22 to 8.75 sen, significantly above our expectation of 6.5 sen. Overall, the dividend payout rose from 56% in FY21 to 65% in FY22. BAuto’s Ebit margin for FY22 expanded 2.1 percentage points year on year to 8.6% due to (1) a discontinuation of aggressive … [Read more...] about Brokers Digest: Local Equities – Bermaz Auto Bhd, MyEG Services Bhd, Genting Bhd, Scientex Bhd

A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here . You can listen to an audio version of the newsletter by clicking the same link. London (CNN Business) Europe and the United States have barred the import of Russian oil to cut off a crucial revenue source for the Kremlin. But the plan to pile pain on President Vladimir Putin, forcing him to reconsider his war in Ukraine, hasn't worked . Russia's government is making just as much money from energy exports as it was before the invasion. Meanwhile, inflation is surging globally, adding to political pressure on heads of state such as US President Joe Biden, British Prime Minister Boris Johnson and French President Emmanuel Macron. That's forcing leaders from top economies who have gathered in Germany for a G7 meeting to consider a new route: slapping price caps on Russian crude . "The goal here is to starve Russia, … [Read more...] about Price cap on Russian oil could shake up the market

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A GIVEN that investors accept higher valuations for technology companies going public in the US, aviation analysts say it is not surprising that Capital A Bhd (CapA) is considering listing its low-cost AirAsia airline and digital businesses on the New York Stock Exchange. They believe, however, that now is not the right time. On June 12, the Financial Times reported executive director and CEO Tan Sri Tony Fernandes as saying that CapA was considering two separate listings in the US, one for AirAsia “sometime next year”, followed by its super app, which offers services from travel to takeaways. A senior investment banker who asked not to be named says while there is a rebound in air travel amid the easing of travel restrictions and rising demand — a trend experts term “revenge travel” — airline stocks are not fetching the kind of valuations that Fernandes … [Read more...] about Capital A could fetch higher valuations in US markets