March 2023 – Page 7 – UAG Trade Asia

Satellite Company SES Confirms TieUp Talks with Intelsat

March 29, 2023
Business
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PARIS, March 29 Reuters Satellite company SES confirmed on Wednesday that it was in talks with U.S. rival Intelsat over a possible combination of their businesses that would create an industry giant. SES39; statement came after a Bloomberg report said the two companies were nearing a deal valued at more than 10 billion including debt. In […]

March 29, 2023
Business
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March 28 Reuters Electricvehicle maker Lucid Group Inc said on Tuesday it would lay off about 18 of its workforce, or around 1,300 employees, to cut costs as part of a restructuring plan. The maker of Air luxury sedan last month forecast 2023 production that fell well short of analysts39; expectations and reported a major drop in orders […]

March 29, 2023
Business
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HONG KONGSHANGHAI, March 29 Reuters Chinese electric vehicle EV giant BYD said on Wednesday it was large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11fold increase in fourthquarter profit. The strong result came as it extended its lead in the Chinese market, thanks […]

March 29, 2023
Business
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March 29 Reuters Investors cheered a major revamp of Alibaba Group as a sign Beijing39;s crackdown on the corporate sector was nearing an end, sending shares of the Jack Mafounded company and its peers soaring on Wednesday. Alibaba said on Tuesday it was planning to split into six units and explore fundraisings or listings for most of them, […]

March 29, 2023
Finance
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On March 22, Federal Reserve Chair Jerome Powell announced a rate hike of 25 basis points for the federal funds rate, setting a target range of 4.75% to 5%.

March 29, 2023
Uncategorized
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SHANGHAI, March 29 Reuters China is ramping up efforts to develop homegrown semiconductor talent as it seeks to rapidly fill a shortage of expertise that has been made worse by U.S. efforts to limit Beijing39;s access to advanced chip technology. Enrolments for undergraduate and postgraduate courses have surged over the past five years thanks to […]

March 29, 2023
Uncategorized
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HONG KONG, March 29 Reuters Hong Kong private home prices climbed 2.2 in February, the second straight monthly increase, helped by improving sentiment after the border with China was reopened, expectations that interest rates are peaking, and a spate of new project launches. The rise in home prices in February followed a revised 1 gain […]

March 29, 2023
Uncategorized
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March 29 Reuters Australia39;s gasoline and diesel imports are expected to rise 2 to hit a record for a second straight year due to a drop in domestic production and a postCOVID economic recovery boosting fuel demand, traders, analysts and an industry source said. In the near term, gasoline imports are set to jump due […]

EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 03 when EUR/CHF traded near 0.99.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/CHF-bullish contrarian trading bias.

March 29, 2023
Finance
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Российский фондовый рынок завершил торги смешанной динамикой индексов на фоне разнополярных сигналов с внешних площадок. Индекс МосБиржи к 1850 мск вырос на символические 0,06 и составил 2442,19 пункта. Индекс РТС к 1850 мск снизился на 0,21 до 999,83 пункта. Во вторник в Азии преобладала позитивная динамика индексов акций японский Nikkei вырос на 0,15, австралийский индекс SPASX 200 […]

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Capital Management

Satellite Company SES Confirms TieUp Talks with Intelsat

EV Startup Lucid to Cut about 18 of its Workforce

BYD Downplays China Price War Impact after Q4 Profit Jumps

Alibabas Breakup Lifts Hopes Chinas Regulatory Winter is Thawing

What investors are watching after the Fed’s rate hike

China Tackles Chip Talent Shortage with new Courses, Higher Pay

Hong Kong Home Prices Rise for Second Straight Month in Feb

Australia Heads for Second Year of Record Gasoline, Diesel Imports

EUR/CHF IG Client Sentiment: Our data shows traders are now at their least net-long EUR/CHF since Nov 03 when EUR/CHF traded near 0.99.

Индекс МосБиржи подрос на 0,06, РТС снизился на 0,21

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