Monthly Archives: September 2022

Global stock markets fall 5.2% in third quarter of 2022 – The Island

By Hiran H. Senewiratne The MSCI World Stock Market Index reports that during the third quarter of this year ending in September, European, Asian and American asset markets, namely commodity and equity markets, fell noticeably . The index further reveals that global stock markets fell 5.2% in the third quarter …

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Milken Asia Summit panel sees US recession as inevitable

“If you don’t have that and keep it going,” inflation could drop a little to rebound in 2024, reminiscent of what happened in the 1970s, Mr Sipahimalani said. “So the best likely outcome is for the Fed to stay the course and really crush inflation. And if that leads to …

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Sources say FTX wants to acquire assets of Celsius Networks

Crypto exchange FTX US has seen a wave of major acquisitions of troubled assets this year following the major crypto market crash. Earlier this week, FTX won the bid to acquire the assets of struggling crypto lender Voyager Digital. According to sources familiar with the matter, the cryptocurrency exchange will …

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China is testing a ‘floating’ magnet car that reaches 230 km/h

Using magnetic levitation technology, the researchers put eight modified cars through a speed test. By : HT automatic office | Updated: Sep 27, 2022, 11:26 AM Screengrab from video posted on Twitter by @QinduoXu. The future of high-speed cars may be above the ground, but not exactly in the sky. …

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Fed’s Collins sees fighting inflation costing jobs; recession is not inevitable

A person runs groceries at El Progreso Market in the Mount Pleasant neighborhood of Washington, DC, U.S., August 19, 2022. REUTERS/Sarah Silbiger Join now for FREE unlimited access to Reuters.com Register Sept 26 (Reuters) – The need for the Federal Reserve to cut unacceptably high inflation will cause the jobless …

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Better Buy: GoPro vs. Matterport

GoPro (GPRO -1.76%) and Matterport (MTTR -1.84%) both have carved niches in the commoditized camera market with their unique products and services. GoPro’s action cameras allow users to record a wide variety of activity and backs up all that content to its cloud-based platform. Matterport’s 3D scanning cameras enable businesses …

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Analysis of the Applicability of Section 48 of the GVAT at the Boundary of Section 53 of the IBC, 2016

Recently, in the case of State Tax Officer c. Rainbow Papers Ltd, 2022 SCC OnLine SC 1162, decided by a bench consisting of Indira Banerjee and AS Bopanna, JJ rescinded the earlier order in which it was held that Section 53 of the Insolvency and Bankruptcy Code would prevail over …

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The Fiji Times » Citizenship and Belonging

In this article in this series, I focus on the struggle for political legitimacy to address the issue of citizenship, belonging and acceptance of Fijians of Indian descent in Fiji. The approach adopted here uses the lessons of history and ultimately aims to try to shed light on the difficulties …

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Is Australia headed for a recession?

Is Australia headed for recession? On Wednesday, the Deputy Governor of the Reserve Bank of Australia warned that the outlook for the global economy was not good. “It’s a bit on the edge,” she said. Less than 48 hours later, the Bank of England said Britain was likely already in …

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Invite Stock: Split Business Model Offers Tactical Opportunity

Pijitra Phomkham/iStock via Getty Images Investment thesis Illumina’s (NASDAQ:ILMN) technological advances in gene sequencing have helped grow the genetic testing market by improving testing accuracy while dramatically reducing the cost of disseminating genome analysis data. However, it was the efforts of Invitee (NYSE: NVTA) which eventually led to the revolution …

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Brock receives the Izaak Walton Tobin Award

Congratulations to Doug Brock, Geneseo, for receiving the John W. Tobin Award from the Izaak Walton League. The Chapter Volunteer Appreciation Award is given to an individual for outstanding dedication to the Geneseo Chapter. Doug served as club secretary and treasurer for four years each. He also served on the …

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Fed raises interest rates sharply by 0.75% despite fears of recession

The Federal Reserve imposed the latest in a series of sharp interest rate hikes on Wednesday, a sign that policymakers are not backing down from an aggressive campaign to bring down inflation, which has been high for decades. The Federal Open Market Committee on pricing raised the benchmark interest rate …

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Luxury cars seized from 23-year-old ‘Crypto King’ as investors try to recover millions

Two McLarens, two BMWs and a Lamborghini are just some of the $2 million in resources seized from a 23-year-old from Whitby, Ont., as her backers attempt to recover a huge amount of dollars that she got paid. .” Yet so far, Aiden Pleterski’s resources are far behind what his …

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Best Things to Do in Fukuoka, Japan

Many of Japan’s big cities have made sensory overload part of their eclectic charm. Fukuoka, on the other hand, has pulled off a different kind of allure that makes up the overwhelming, spaghetti subway maps, and puts its famously easygoing character to the fullest. Considered Tokyo’s more laid-back cousin, Fukuoka …

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The United States is “technically” entering a recession – what now? Lessons from the winners of the last recession

“Technically, we are in a recession when you only look at the basic definition of two quarters of GDP contraction,”And while consumer spending may not yet fully reflect this change, it is beginning to tighten its purse strings, Nik Modi, managing director of RBC Capital Markets, told attendees last week …

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Ennis Increases Sales, Earnings and Profit Margin in Q2 2022

Gains continue for Ennis Inc. (asi/52493). The Midlothian, Texas-based printing and promotional products provider just reported year-over-year increases in sales, earnings and profit margin during its fiscal second quarter, which s ended August 31. Keith Walters, Ennis Ennis, a publicly traded company, said total revenue …

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Stocks start a new week in green

TBS Report September 18, 2022, 9:45 p.m. Last modification: September 18, 2022, 10:54 p.m. Infographic: TBS “> Infographic: TBS Indexes from both stock exchanges rose on Sunday on the back of last month’s lower import bill and higher apparel exports in July and August, which helped boost investor confidence. DSEX, …

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Appalachian State wins on incredible Hail Mary

Appalachian State hosted ESPN’s “College GameDay” before facing Troy on Saturday. You know Coach was playing with Yosef and the Mountaineers when we first visited App State 😤 pic.twitter.com/PeR6Ac9mjp —College GameDay (@CollegeGameDay) September 17, 2022 The school that took down Texas A&M in College Station seemed to be turned upside …

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Iris Energy: Execution and production appear strong (NASDAQ: IREN)

luza studios Iris Energy (NASDAQ: IREN) is one of the smallest market cap Bitcoin (BTC-USD) miners in the equity market, with a market cap of just $246 million. Iris is smaller than most other publicly traded miners despite exahash levels installed: Company Teleprinter PE/s Market capitalization Bit Farms (BITF) 3.9 …

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Private New Zealand retirement village chain Real Living could be sold for $400m: speculation rising

Warkworth Oaks Retirement Village, owned by Real Living. Photo / Provided Private New Zealand retirement village chain Real Living could be sold for more than $400 million, according to industry speculation. But nothing is confirmed. Retirement village industry insiders say Real Living is controlled by a family may be interested …

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French central bank predicts slowdown next year, risk of recession

Price tags are seen as women shop at a local market in Nice, France, June 7, 2022. REUTERS/Eric Gaillard Join now for FREE unlimited access to Reuters.com Register PARIS, Sept 15 (Reuters) – The French economy will slow sharply next year in the face of the European energy crisis, with …

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With growing brand value and influence, XCMG’s export revenue in H1 2022 marks over 157% year-on-year growth

XUZHOU, China, September 14, 2022 /PRNewswire/ — XCMG Construction Machinery Co., Ltd. (SHE:000425) reported 38.204 billion yuan (US$5.52 billion) on half-yearly revenue of June 30th, a 28.23% year-over-year decline on a smaller decline compared to the industry average. XCMG’s revenue from export amounted to 12.488 billion yuan (US$1.8 billion), a …

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Laurentian University creditors vote in favor of a plan that allows the school to survive

Laurentian University’s creditors have voted in favor of a plan of arrangement that sets out the roadmap for the University of Sudbury, Ontario, to emerge from its insolvency proceedings, allowing it to continue operating. For the vote to pass on Wednesday, the plan needed a majority of creditors to vote …

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Oxford Nanopore moves closer to profitability

Customer base grows, but marketing spend hits profitability Comfortable cash levels can support growth Newcomer to the London Stock Exchange Oxford Nanopore Technologies (ONT), which went public a year ago, says it hopes to enable “analysis of anything, by anyone, anywhere.” But at the time of its IPO, investors were …

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BofA sees BOE through recession next year

In its last call, BofA said that “by lowering the peak of inflation, we see the government’s energy price cap allowing the BOE to avoid increasing the pace of increases. But more fiscal stimulus means the BOE will have to rise more overall.” Adding that they expect a rate hike …

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Baker-Polito administration celebrates reconstruction of Hingham Harbor boat launch

HINGHAM — Today, on Hingham Town Harbor Celebration Day, state and local officials held a dedication ceremony at the Hingham Harbor boat launch to celebrate the facility recently rebuilt by the Massachusetts Department of Fish and Game (DFG) Fish and Boating Access Office. The Baker-Polito administration provided $2 million in …

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GDP Snapshot: Has the Economy Avoided Recession?

Still booming: The construction sector remained strong in the June quarter. Photo/NZME New Zealand likely avoided recession in the first half of the year with GDP figures for the June quarter likely to show the economy growing – just. But with a lot of uncertainty around figures – expected this …

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3 supercharged growth stocks that can turn $300,000 into $1 million by 2029

It has been one of the toughest years in decades for Wall Street and the investment community. Since hitting its respective all-time closing high in the first week of January, the much-watched S&P500 plunged into a bear market and posted its worst first-half performance since Richard Nixon was president. On …

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Donald Trump’s social truth is thrown another lifeline

Photo by Chip Somodevilla/Getty Images. Getty Images Investors seem incredibly optimistic about the special purpose acquisition company (SPAC) called Digital World Acquisition Corp. (DWAC.O) and their ability to merge with Trump Media & Technology Group (TMTG), the owner of Truth Social. This is despite the fact that there are three …

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“Where there is a crisis, there are opportunities”

International Finance Corporation Country Director for Bangladesh, Bhutan and Nepal Martin Holtmann discusses the future of Bangladesh’s economy in an exclusive interview with the Dhaka GrandstandThis is Abu Sayeed Asiful Islam. Bangladesh’s financial markets have a long way to go to develop. What did we do well and what should …

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3 industries that are poised to do well in a recession

The impending recession looks like two outs in a 2-1 game and we’re all the next batter. Getty Images With the threat of a recession looming, many businesses are already preparing for the impacts to come. With TikTok, clickbait financial headlines and market chatter overrun with fears, and informed people …

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3 practical ways to fight the recession by being cloud smart

As COVID begins to almost seem like a distant memory, you think we’d all be taking a break. But no, the threat of recession now darkens the horizons. So now is a great time to smartly learn how you’re using the cloud and ensure it delivers short- and long-term value …

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2022 half-year results and overall growth

Press release Ecully, Septemberr seven2022 – 8 pm 2022 half-year results Initial Benefits of Redeployment Business Acceleration driven by Distimp sales and contributions Good orientation of operational performance Solid cash position of €15.3m allowing No supplement issue of Convertible Bonds until the end of 2022 The ccontinuation of the Group’s …

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Liberalization of India’s Outbound Investment Framework – A Step Towards Ease of Doing Business

As part of a step towards liberalization and promoting the ease of doing business in India, the Department of Economic Affairs, Ministry of Finance, on August 22, 2022, in consultation with the Reserve Bank of India (“RBI”) notified the Foreign Exchange Management (Foreign Investment) Rules, 2022 (“IO rules”), Foreign Exchange …

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Recession playbook may not work on oil this time | Rigzone

The recession “playbook” may not work on the oil sector this time around, a new report from BofA Global Research has pointed out. “We recognize that all recessions over the past 20 years have had a destructive impact on oil demand and prices – in percentage terms, WTI has fallen …

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GTCO records N103 billion profit and proposes N30,000 dividend

By Chinwendu Obienyi Among a havoc inflationary spike, Guaranty Trust Holding company (GTCO) Plc, said it recorded a pre-tax (PBT) profit of around N103.25 billion in the six months (H1) of 2022, a growth of 10.9 % year-on-year. According to the bank’s half-yearly financial statements for 2022 published on the …

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Crypto analyst: My Freedom Coin (MFC) reminds that some new projects are safe bets

Surprisingly, a new DeFi cryptocurrency token called my piece of freedom (MFC), outperformed the others, making investors money as opposed to their more established counterparts. Unlike crypto giants like Bitcoin and Ethereum, MFC aims to mitigate the volatile effects of crypto winters with its unique “anti-crash” design. Analysts and experts …

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Japanese female bosses chart a course for other women

The Gion Matsuri is one of the most prestigious annual festivals in Japan Considered to have started in 869 AD, the Gion Matsuri is one of Japan’s most famous annual festivals. This year, he embraced the digital world. For the 2022 event in July, an interactive online map has been …

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UK must be put on economic war footing for next recession | Larry Elliot

Jit waits is almost over. The members of the Conservative Party have made their choice. This week, a new Prime Minister will be installed in Downing Street at the most trying time imaginable. Even February 1974, when Harold Wilson came to power and ended Britain’s three-day week, doesn’t quite fit …

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September is historically the worst month for BTC since 2013

If any historical data remains, the price of Bitcoin (BTC) could decline further in September, which was the worst performing month on record for the crypto asset since 2013. Available data shows that the flagship digital asset only saw its value increase in two Septembers between 2013 and 2021, i.e. …

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Nebraska man paddles 38 miles in a hollowed-out pumpkin patch to break world record

For a Nebraska man, all it takes is a little ingenuity and a big load of fertilizer to make his dreams come true. On August 27, two official witnesses, friends and family members saw Nebraska resident Duane Hansen paddle an 846-pound floating pumpkin down the Missouri River in a bid …

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ECB Snapshot: On the way to a recession

Stadtratte By Carsten Brzeski The ECB is another example of a central bank that has been completely overwhelmed by inflation dynamics and a paradigm shift of major central bankers. Let us recall that not so long ago that the ECB ruled out the possibility of even a small rate hike …

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Increased surveillance of liquidators in Hong Kong | Denton

[co-author: Hugo Lo] Liquidators are critically important when there are risks that a business is nearing the end of its operating cycle. Liquidators protect the interests of creditors and release or transfer economic value that would otherwise be trapped and sometimes lost after a liquidation. However, in two recent cases, …

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