Author: FX
© Reuters. FILE PHOTO: Aurelien Pradie, member of French conservative party Les Republicains (LR), arrives for a meeting at their political party headquarters in Paris, France, June 20, 2022. REUTERS/Sarah Meyssonnier PARIS (Reuters) – France’s conservative right-wing Les Republicains party on Saturday sacked Aurelien Pradie as deputy party leader, after Pradie failed to join the party in backing President Emmanuel Macron’s plan to raise the retirement age. Macron wants the French to retire at 64 instead of 62, a policy he says would save France’s creaking state pension system from collapse but which has sparked protests across the country. Support…
© Reuters. FILE PHOTO: The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. REUTERS/Randall Hill (Reuters) -China’s top diplomat Wang Yi said on Saturday that the U.S. handling of the balloon incident had been “unimaginable” and “hysterical” – an “absurd” act that had violated international norms. “There are so many balloons all over the world, so is the United States going to shoot all of them down?,” Wang, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC)…
Warning: NMR is at high risk of cutting its dividend Source link
The Capital Market Authority (CMA), Oman’s financial markets regulator, looks to establish a new regulatory framework for the virtual asset industry in the Sultanate. According to a Feb. 14 press release, the new rules would include oversight of virtual asset activities, a licensing process for virtual asset service providers (VASPs), and a framework to identify and mitigate risks surrounding the new asset class. The announcement reads:Continue Reading on Coin Telegraph Source link
© Reuters. FILE PHOTO: Cars drive past a branch of Raiffeisen Bank in Moscow, Russia, February 11, 2023. REUTERS/Tatyana Makeyeva (This Feb. 17 story has been refiled to say ‘an’ in paragraph 1) By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) – The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. Responding to questions from Reuters, the bank said it had received a request from the U.S. Treasury Department’s Office of Foreign Assets…
3/3 © Reuters. FILE PHOTO: A view of a caution tape as members of the U.S. Environmental Protection Agency (EPA) (not pictured) inspect the site of a train derailment of hazardous material in East Palestine, Ohio, U.S., February 16, 2023. REUTERS/Alan Freed 2/3 By David Shepardson and Brad Brooks WASHINGTON (Reuters) -The Biden administration on Friday defended its response to the Feb. 3 derailment of a train loaded with toxic chemicals in East Palestine, Ohio, that caused a fire and sent a cloud of smoke over the town, saying it was sending more federal resources. The derailment of the train,…
hanibaram/iStock via Getty Images Shengfeng Development (SFWL), a provider of logistics services in China, has downsized its proposed US initial public offering by 46% to $14M. The company said in a filing that it is now looking to offer 3M ordinary shares priced between $4 and $5, which would raise around $14M if priced at the midpoint. Shengfeng intends to list its shares on Nasdaq under the symbol SFWL. Univest Securities is serving as lead bookrunner. In a filing made in January, Shengfeng said it was planning to raise $25M by offering 5M shares priced at $5 per share. Shengfeng…
gguy44 Jayud Global Logistics (JYD), a provider of cross-border logistics services in China, has filed to raise $12M through a US initial public offering. Jayud didn’t specify in its filing the size or price of the deal, but indicated in its filing fee schedule that it was looking to raise around $12M. Benchmark is serving as lead bookrunner. The company hopes to list its shares on Nasdaq under the symbol JYD. Incorporated in the Cayman Islands, Jayud is based in Shenzhen, which is part of the Greater Bay Area economic hub that also includes Guangdong, Hong Kong and Macao. Jayud…
MengWen Guo/iStock via Getty Images Chinese amusement park operator Golden Heaven (GDHG) has downsized its proposed US initial public offering by 23% to $27M. Golden Heaven said in its latest filing that it was now seeking to offer 6M ordinary shares priced between $4 and $5, which would raise around $27M if priced at the midpoint. The company hopes to list its shares on Nasdaq under the symbol GDHG. Revere Securities and RF Lafferty & Co. are serving as lead bookrunners on the deal. Golden Heaven first filed for an IPO in November, seeking to raise around $35M. Source…
The S&P 500 (SP500) on Friday slipped 0.28% for the week to end at 4,079.09 points, posting losses in three out of five sessions. Its accompanying SPDR S&P 500 Trust ETF (NYSEARCA:SPY) fell 0.19%. This was only the third weekly loss for the benchmark index in 2023 so far, but it came on the heels of a more than 1% retreat last week. News this week was dominated by economic data on inflation and what it meant for the future of the Federal Reserve’s path on rate hikes. It led to volatile trading sessions throughout the week in which Wall…