Rs 16 crore in dollars

Share to Twitter Share to Linkedin Key News Asian equities had a good day as Hong Kong outperformed while Mainland China was off slightly. Alibaba led the way as it jumped +12.23% on high volume as analysts updated their sum of the parts analysis (SOTP). Tencent gained +1.75% on high volume and strong buying from Mainland investors, Meituan closed higher by +4.01% on high volume and moderate buying from Mainland investors, JD.com finished at +1.92%, and BYD gained +3.12% on strong financial results and its net income jumping +400% year-over-year in another masterful move from Warren Buffet and Charlie Munger. BYD’s results, which beat on revenue, adjusted net income, and adjusted EPS, lifted the EV space with Xpeng HK +3.64%, Li Auto HK +4.59%, and Nio Auto HK +1.83%. Hong Kong short turnover jumped to 17% of total turnover though short turnover was highly concentrated in three Hong Kong listed ETFs while internet stocks had lower short turnover. … [Read more...] about BYD & Kuaishou Beat

The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 28, 2023. REUTERS/Staff/File photo European shares rose on Wednesday, echoing an upbeat mood in Asian markets following Chinese tech giant Alibaba’s break-up plans, while strong outlook from chipmaker Infineon and a CEO change at Swiss bank UBS further aided the mood. The benchmark STOXX 600 index rose 0.7 percent, largely in line with gains in Asian equities. UBS Group AG gained 1.7 percent after the lender announced that Sergio Ermotti will take the helm to steer its takeover of smaller peer Credit Suisse. Credit Suisse climbed 1.4 percent, while financial services and banking indexes rose between 0.8 percent and 1 percent. “I can see why the market has stabilized and it’s true that there are some slightly comforting factors. The Fed (bets) have been repriced down quite aggressively in the past few weeks and investor positioning is very defensive,” said Vincent Chaigneau, … [Read more...] about European stocks get tech lift, UBS climbs on naming Ermotti as CEO

Christian Standhardinger paces Ginebra in finals-berth clinching win over San Miguel. –PBA IMAGES Defending champion Barangay Ginebra earned a return trip to the PBA Governors’ Cup after coming from behind to defeat San Miguel Beer, 87-85, for the sweep of their semifinal series on Wednesday at Smart Araneta Coliseum. Christian Standhardinger scored the go-ahead basket off a Justin Brownlee assist with 3.3 seconds left and the Gin Kings marched on to the championship round despite being down by 17 early in the third quarter. Ginebra, seeking a fifth Governors’ Cup title in the last six editions, will now have the luxury of a long rest while waiting for the other semis pairing between TNT and Meralco to conclude. The seven-game tussle for the title of the season’s third and final conference starts on April 9. Ginebra import Justin Brownlee. –PBA IMAGES Brownlee had 22 points, 14 rebounds, four assists and two steals, Scottie Thompson produced 17 points and 11 … [Read more...] about Ginebra sweeps San Miguel with come-from-behind win to book PBA Finals ticket

Angel Canino soars for a hit against FEU blockers. –UAAP PHOTO MANILA, Philippines–La Salle unexpectedly got a jolt from Far Eastern University, nearly giving up a set before tightly prevailing in the end, 30-28, 25-12, 28-26, to keep its unblemished record intact in the UAAP Season 85 women’s volleyball at the Mall of Asia Arena. Angel Canino had another superb outing with 16 attacks and put up significant numbers in defense with 15 receptions and 14 excellent digs as the Lady Spikers chalked up a ninth straight victory, rewarding them with at least a playoff in the semifinals. “We started flat in the first set, so we reminded them that they were veering away from our system. Our movements were different from what we did in practice,’’ said La Salle assistant coach Noel Orcullo. Thea Gagate had 11 points, including 10 kills, and Jolina Dela Cruz added 10 points and 14 digs while Fifi Sharma contributed four blocks for the Lady Spikers, who likewise squeezed the best from Baby … [Read more...] about UAAP: La Salle douses FEU’s strong start to go 9-0 in women’s volleyball

Inflation concerns among small business owners remained at record highs this quarter, according to a quarterly poll conducted by the U.S. Chamber of Commerce and MetLife released on Wednesday. The first quarter of 2023 was the fifth in a row where inflation was considered the biggest challenge for small business owners, according to the Small Business Index. A record high of 54% reported that, which is a 31-point increase from Q4 2021. “This quarter, small businesses’ concerns over inflation are soaring and their view of the broader economy is darkening, though they still report that their own businesses are in good health,” said Tom Sullivan, Vice President of Small Business Policy at the U.S. Chamber of Commerce. In San Francisco, minimum wage increases are based on the yearly rise in the Consumer Price Index every July 1. “That means my rate jumps from $16.99 to $18.07 or 6.36%,” said Hrag Kalebijan, owner of Henry’s House of Coffee, according to the Index. “The … [Read more...] about Inflation Continues To Plague Small Businesses For Fifth Consecutive Quarter: REPORT

Ajay Banga, the former CEO of Mastercard that President Joe Biden has nominated to head the World Bank, told Axios Wednesday that both the bank and the private sector needed to spend “trillions” to combat both climate change and poverty. Banga has been aggressively campaigning for the job, meeting with officials from 37 different governments in the past three weeks, Axios reported . The World Bank faces competing pressure from wealthy and developing countries over whether to focus on combating climate change or poverty mitigation, but Banga said he does not view the two goals as inherently opposed to one another. (RELATED: Major Banks Bend The Knee To Climate Activists, Accelerate Plans To Cut Coal Investments) “I think it’s a fallacious argument that says, either-or,” Banga said to Axios. “I have every intention of focusing the bank and its people on the idea that this is an intertwined challenge.” The efforts to combat both climate change and poverty would cost … [Read more...] about Biden’s World Bank Pick Calls For ‘Trillions’ In Climate Spending

A former U.S. State Department employee has been sentenced to 15 years after soliciting sex from minors in the Philippines over the course of four months. Dean Edward Cheves, 63, was sentenced to 15 years in prison on March 17 after pleading guilty to “engaging in illicit sexual conduct” in October 2022 , according to a press release from the Eastern District of Virginia US Attorney’s office. Cheves, who served at the U.S. Embassy in the Philippines from 2017 to 2021, was accused of knowingly engaging in sex acts with and obtaining illicit images of minors while serving in his capacity as a representative of the US government, the release stated. Former U.S. State Department embassy employee sentenced for engaging in illicit sexual conduct with two minors in the Philippines. Used his government-issued cell phone to film the sex acts on at least one occasion. https://t.co/NHOIYacaxU — U.S. Attorney EDVA (@EDVAnews) March 17, 2023 In Feb. 2021, Cheves reportedly … [Read more...] about Former State Department Employee Gets 15 Years For Soliciting Sex From Minors In The Philippines

Share to Twitter Share to Linkedin We believe that American Airlines stock (NASDAQ NDAQ : AAL) and its peer Delta Air Lines stock (NYSE: DAL) will likely offer similar returns in the next three years. American Airlines is trading at 0.2x trailing revenues compared to 0.4x for Delta Airlines. Investors have assigned a higher multiple to Delta due to its superior revenue growth, as discussed below. If we look at stock returns, Delta Airlines, with -16% returns in the last twelve months, has fared marginally better than American Airlines, down 19%, and both have underperformed the broader S&P 500 index, down 13%. There is more to the comparison, and in the sections below, we discuss the possible returns for AAL and DAL. We compare a slew of factors, such as historical revenue growth, returns, and valuation, in an interactive dashboard analysis of American Airlines vs. Delta Air Lines DAL : Which Stock Is A Better Bet? Parts of the analysis … [Read more...] about Pick Either American Airlines Stock Or Its Peer – Both May Offer Similar Returns

Share to Twitter Share to Linkedin Last fall, the top 250 executives of a major, global telecommunications company gathered together for a three-day leadership summit. The summit kicked off with a strong call to action by the CEO. Even with the company’s growth, strong performance, and market dominance, the CEO exhorted the leaders gathered in front of him to work harder and to do even better. Seventy-two hours later, the CEO took the stage again, but this time he delivered a different message. The company would continue to drive performance and deliver results, he shared, but care would be at the core of the company’s strategy. “Performance” and “care” would be intertwined – two vital and necessary elements for the company’s long-term health and viability. Though the speed was remarkable, this kind of pivot was not unique to this CEO. A year ago, we published our research into a human-centered model of leadership in a book called Compassionate Leadership: … [Read more...] about Why It’s Hard, But Necessary, To Be Human At Work

Share to Twitter Share to Linkedin The Author Wasted No Time In Solving His Dilemma A couple of months ago I wrote an article questioning whether getting a dog at this point in my life is a good idea. While my wife and I strongly missed the companionship and unconditional love we got from our pets, our age, health status, and lifestyle were definitely considerations. We were free to travel without having to find a sitter, we didn’t have to rush home after dinner and a show to the poor pup to let him out of his crate. And we didn’t have expensive vet bills! I closed the article with the question of whether the dog we lost 6 months before that would be our last dog. That question — defining the problem — was the first step. Here’s our answer to the question in the form of a photo of our new puppy, Beau, half border collie and half poodle. He’s currently about 16 weeks old and weighs 16 pounds, on his way to about 30 to 35 lbs. Yes, he’s adorable. But … [Read more...] about The Answer To Whether I’m Too Old To Get Another Dog