Russia investor

Ukrainian service members walk in the industrial area of the city of Sievierodonetsk, as Russia’s attack on Ukraine continues, Ukraine June 20, 2022. (REUTERS/Oleksandr Ratushniak/File Photo) KYIV/POKROVSK, Ukraine — Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on Saturday, confirming Kyiv’s biggest battlefield setback for more than a month, after weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk — once home to more than 100,000 people, now a wasteland — was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will … [Read more...] about Ukrainian city falls to Russia in one of war’s bloodiest fights

Wall Street, New York City (File image: Reuters) From 1999 to 2019, I managed money for some of the largest hedge funds in the world ( Millennium, Brevan Howard, ExodusPoint ). During that time, I generated positive returns for 103 consecutive months, which is quite possibly the longest such streak in hedge fund history. This extraordinary feat was made possible by my strict adherence to three key principles. First, I made sure that I had a method that turns the odds in my favour. Second, I had the discipline to stay with that system in good times, and bad times. Finally, it is vital to play with a bankroll that is large enough to ride out market fluctuations. Lose any one of these three things, and it becomes impossible to beat the market for any length of time. Have A System : As a professional gambler who accidently landed on Wall Street way back in 1993, I have always had a keen sense of the odds in any game. I played blackjack because it is the only game where a … [Read more...] about How I beat Wall Street for 103 consecutive months

- A + A KYIV (June 25): Dozens of Russian missiles rained down on military facilities in western and northern Ukraine on Saturday (June 25), local officials said, as Europe's biggest land conflict since World War Two entered its fifth month. Maxim Kozytskyi, the governor of the Lviv region in western Ukraine, said in a video posted online that six missiles were fired from the Black Sea at the Yavoriv base, with four hitting the base and two being intercepted and destroyed before hitting their target. Vitaliy Bunechko, the governor of the Zhytomyr region in the north of the country, said strikes on a military target killed at least one soldier. "Nearly 30 missiles were launched at one military infrastructure facility very near to the city of Zhytomyr," said Bunechko, adding that nearly 10 missiles had been intercepted and destroyed. In the Chernihiv region, also in the north, governor Vyacheslav Chaus said the small town of Desna had come under "massed" rocket … [Read more...] about Russian missiles rain down on military sites across Ukraine, say local officials

- A + A SHANGHAI (June 25): China's securities regulator proposed rules to regulate private pension investment via mutual funds, setting the criteria for qualified products and sales agents under a scheme that will channel fresh savings into the country's capital markets. The draft rules, published by the China Securities Regulatory Commission (CSRC) late on Friday (June 24), came after Beijing in April launched a milestone private pension scheme to tackle challenges of an ageing population. Under the scheme, eligible Chinese citizens can buy mutual funds, savings deposits and insurance products via their own individual pension accounts, potentially boosting a pension market that has lured foreign asset managers including Fidelity International and BlackRock. The proposed rules "have set a relatively high bar for products and institutions, and are designed to ensure safety of pension fund investment and protect investors' interest", the CSRC said in a statement on … [Read more...] about China proposes rules to regulate private pension investment via mutual funds

Tengku Zafrul: The MoF will continue to monitor external factors that can have a negative impact on the domestic economic situation to ensure that the cost of living of the people is under control. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (June 25): The projected consumption subsidy expenditure of RM77.3 billion so far for 2022 is the highest subsidy in history ever borne by any government, said the Ministry of Finance (MoF). Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the projected consumption subsidies cover petrol, diesel and liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity to reduce the people's cost of living, and subsidy bills (RM9.7 billion), excluding welfare assistance from 2018 to 2022. “When added to other assistance such as social welfare assistance, including Bantuan Keluarga Malaysia (BKM) (RM11.7 billion) and other subsidies (RM14.6 billion), the total subsidy so … [Read more...] about RM77b subsidy so far this year highest in history, says Zafrul

- A + A (June 25): Just days after saying Singapore is “brutal and unrelentingly hard” on bad behaviour in the crypto industry, Sopnendu Mohanty, the chief fintech officer of the city’s regulator, struck a cordial tone. Mohanty, in a LinkedIn post summarising his thoughts from the Point Zero Forum in Switzerland, commended the leadership of some of the biggest firms in the sector. “Leaders from the crypto/token space (Binance, Crypto.com, Ripple and others) are fully committed to building a secure and sustainable innovation solving real problems, and identifying real-economy opportunities,” said Mohanty of the Monetary Authority of Singapore (MAS). “It is heartening to see the clarity among chief executive officers (CEOs) on the need to create a responsible and compliant industry. The future is on the right path.” Mohanty’s praise comes as the digital currency market continues to spiral downwards following a broad-based sell-off in digital assets and the collapse … [Read more...] about Singapore regulator praises leaders of crypto firms like Binance

In those first few fraught hours of February 24th, after Russian forces invaded Ukraine, Anastasiia Smyk, CEO and co-founder of aviation software startup Input Soft , recalls being in a state of shock and incredulity. She was in Kyiv at the time, but her 11-strong team was scattered around the country. advertisement advertisement “The first week we were just thinking about how to survive at a human level,” says the 25-year-old entrepreneur. “So we decided to rent a house for our team in the Carpathian mountains, in the [safer] western part of Ukraine, and told them they could go there with their families to wait until we knew more about what was happening. Some of them went. Others were unable to get out.” One of those left behind was the startup’s accountant, whose home town of Kherson, in southern Ukraine, has been under Russian occupation since early March. On May 3rd, when the internet and mobile communications went down, she decided to risk her … [Read more...] about The war in Ukraine hasn’t ended. Here’s how these founders continue to build their businesses

Members of the rock band Pink Floyd are seeking at least US$500mil (RM2.2bil) in a deal for their music catalog, according to people familiar with the talks, which would be one of the largest sales in music history. The group known for hits such as Money and Comfortably Numb is selling its recording and songwriting catalog, as well as the power to create merchandise based on the band, said the people, who asked not to be identified because the talks are confidential. Patrick McKenna, who is representing the band in the process, didn’t respond to an email seeking comment. McKenna has winnowed the list of potential buyers to four, said the people. The names include Warner Music Group Corp., Sony Music Entertainment and BMG. Sony and Warner already distribute some of Pink Floyd’s music. The British rock band released some of the most popular records ever, including Dark Side Of The Moon and The Wall, two albums that defined music in the 1970s. The group has sold 75 million … [Read more...] about Pink Floyd is seeking US$500mil for music catalog including ‘The Wall’

ANKARA (Reuters) -Discussions between Turkey, Finland and Sweden about the Nordic countries' NATO membership will continue and an alliance summit in Madrid next week is not a deadline, Turkey said after talks in Brussels on Monday. Finland and Sweden applied for NATO membership in response to Russia's invasion of Ukraine. But the bids have faced opposition from Turkey, which has been angered by what it says is Helsinki and Stockholm's support for Kurdish militants and arms embargoes on Ankara. Last week, Turkey said documents it received from Sweden and NATO in response to the earlier written demands it presented the two candidates were far from meeting its expectations and any negotiations must first address Turkish concerns. Speaking to reporters in Brussels alongside Deputy Foreign Minister Sedat Onal, Turkish presidential spokesman Ibrahim Kalin said Ankara was expecting Sweden to take immediate steps regarding actions by the Kurdistan Workers Party (PKK) militant group in … [Read more...] about Turkey says summit is not deadline for talks on Finland and Sweden’s NATO bids

PETALING JAYA: The Government is doing its best to tackle the uncertainties brought about by several issues affecting the world and will strive to reduce the economic burden on the people, says Datuk Seri Dr Wee Ka Siong (pic). "The world situation is not so stable now not only because of Covid-19, but also due to the Russia-Ukraine war and other major factors affecting the world. "The sharp rise in inflation is a major challenge facing the world, including Malaysia," said the Transport Minister. Malaysia, he said, was also facing the issue of inflation in food, which is influenced by the rising global food prices which are mostly the main input to local food products. "The Malaysian Family Government is doing its best to address this issue, including providing a subsidy of RM77.3bil for petrol, cooking oil, food and several critical sectors to lessen the burden of the people," he said. Dr Wee, who is also MCA president, delivered his speech at the Federation of Hakka … [Read more...] about Dr Wee: Government doing its best to tackle global uncertainties