Monthly Archives: November 2022

Unpaid electricity bills hamper Chinese financing of Pakistan’s power projects

China told Pakistan on Monday that huge unpaid electricity bills are forcing the drying up of Chinese funding for other Pakistani power projects. The issue of receivables and the opening of a revolving account for China’s CPEC Independent Power Producers (IPPs) are still pending, with their receivables now exceeding Rs …

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Ukraine. Civilians must leave liberated areas this winter

Comment this story Comment KYIV, Ukraine – Ukrainian authorities have begun evacuating civilians from recently liberated areas of southern Kherson and Mykolaiv regions, fearing that Russian damage to infrastructure and lack of heat, electricity and water are too severe for people to withstand the coming winter, officials said Monday. The …

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Julius Baer bullish on 2022 targets after interest rates boost 10-month margin

By Joshua Kirby Julius Baer Gruppe AG is confident of meeting its full-year profitability targets after gross margin growth in the first 10 months of the year, boosted by rising interest rates. Margin for the 10-month period increased 3 basis points to 85 basis points from 82 basis points for …

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3 stocks paying dividends ranging from 550% to 600%, record date next week

The amount of cash paid by a company to its shareholders is known as a dividend, which is the portion of the company’s profits distributed from reserves to shareholders. To be eligible to receive dividends, a shareholder must have his name on the company’s register on the date of registration. …

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Former Huishang Bank chairman expelled from Communist Party

What’s new: Wu Xuemin, former president of Hong Kong Huishang Bank Corp. ltd.was expelled from the Communist Party for alleged corruption and faces criminal charges, China’s top anti-corruption said in a statement Friday. Wu, 54, served as party leader and chairman of Huishang Bank between November 2017 and April 2021 …

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TD Bank survey finds holiday shoppers are navigating an inflation-fueled holiday season by betting on their budget

CHERRY HILL, NJ, November 17, 2022 /PRNewswire/ — TD Bank, America’s Most Convenient Bank®, today announced the results of its 2022 Merry Money Survey, which found that consumer concerns about inflation are leading many consumers to take even greater proactive steps to ensure they don’t spend too much during the …

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Sea Ltd shares jump 41% after renewed focus on profitability

Sea Limited logo seen displayed on a smartphone screen. Raphael Henrique | Sopa Pictures | Light flare | Getty Images Shares of Sea Limited jumped 41% following the announcement of its third-quarter financial results on Tuesday, after the company said it would renew its focus on profitability rather than outright …

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Hive Blockchain Revenue Drops 44% YoY Despite Overall Rise in Mining Production

According to its second quarter (ending Sept. 30) earnings presentation released Nov. 15, Vancouver-based digital asset mining company Hive Blockchain’s revenue fell 44% year-over-year to $29.6 million. During the same period, the company’s net income also declined from $59.8 million in the year-ago quarter to a loss of $37 million. …

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Exclusive-Germany steps up emergency cash plans to deal with blackout – sources

By Tom Sims, Marta Orosz and John O’Donnell FRANKFURT – German authorities are stepping up preparations for emergency cash deliveries in the event of a power outage to keep the economy going, four people involved have said, as the country prepares for possible blackouts. current resulting from the war in …

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Global banks cut jobs in China as HSBC eyes expansion

Bloomberg and staff reporter Global banks could cut 10% of Chinese investment bankers in 2023 as they recalibrate their plans to take over China’s financial market, sources say. At the same time, HSBC (0005) said it would expand its private banking in the country. In public, executives say …

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Shares of Tiangong International Company Limited (HKG:826) are on a bullish trend: Are strong financials guiding the market?

Most readers will already know that Tiangong International (HKG:826) stock is up a significant 31% over the past month. Since the market usually pays for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could influence the market. Specifically, we decided to …

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UniCredit (OTCMKTS:UNCRY) PT raised to €17.00 at Berenberg Bank

UniCredit (OTCMKTS:UNCRY – Get Rating) had its price target raised by Berenberg Bank equity research analysts from €14.50 ($14.50) to €17.00 ($17.00) in a research note released on Friday, reports The Fly. The brokerage currently has a “buy” rating on the stock. Other stock research analysts have also published research …

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Man pays Rs 12 lakh to loan sharks while repaying instant loan app

Mira Bhayandar: A 43-year-old customer service manager from Mira Road who works for a construction company in Palghar district has paid the exorbitant sum of Rs 12 lakh after being trapped in a cycle of an application of instant loan while the loan sharks would have blackmailed him. According to …

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Jubilant residents of Kherson return to streets after Russia pulls out

Sullivan added, however, that he had yet to verify Russian claims that it had withdrawn its forces from the west bank of the Dnipro. “But it looks like the Russians executed that pullout,” he told reporters aboard Air Force One as President Joe Biden headed for a summit in Cambodia. …

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Climate change ranked number one influencing factor among investors

More than half of investors see climate change as the most important factor affecting their investment decisions, according to the latest ESG customer survey of Deutsche Bank’s Chief Private Banking Investment Office. According to the 2022 survey, which surveyed 900 clients of its private and investment banking division worldwide between …

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Is Trex Company Inc (TREX) stock a smart Thursday investment?

Trex Company Inc (TREX) stock is down -61.72% over the past 12 months, and the average Wall Street analyst rating is Buy. InvestorsObserver’s proprietary ranking system, gives TREX stock a score of 26 out of a possible 100. This ranking is primarily influenced by a short-term technical score of 25. …

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Bahrain GFH Q3 profit rises on global investments and funds

GFH Financial Group, a Bahrain-based investment bank, reported a 3.3% increase in third-quarter profits, helped by higher global investment and fund revenues, as the company continues to strengthen its wallet. The bank’s net profit attributable to shareholders for the quarter that ended Sept. 30 jumped to $24.06 million from the …

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Ukraine at D+257: Russia processes victim reports.

Heavy fighting continues in the Donbass, where Russian casualties are reportedly heavy. The Telegraph, citing Ukrainian sources, says “hundreds” are being killed every day. Enemy casualties are notoriously difficult to assess accurately, especially in near real time, and high estimates should be treated with caution, but Ukrainian claims have received …

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Crédit Mutuel Alliance Fédérale launches discovery phase of quantum computing readiness with IBM to establish quantum capability in France

First company in France to join IBM Quantum Network, Crédit Mutuel Alliance Fédérale through Euro-Information, its technology subsidiary, is working with IBM to form teams and explore use cases and proof of concept in financial services, with plans to expand the quantum ecosystem in the country. November 8, 2022 Paris, …

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Union Bank and Attijariwafa Bank sign a partnership agreement to expand their pan-African footprint

Union Bank of Nigeria Union Bank of Nigeria and Attijariwafa bank have signed a partnership agreement to support the pan-African development strategy of the two financial institutions. Union Bank, one of Nigeria’s oldest financial institutions, is looking to expand its reach beyond Nigeria through this business partnership with Attijariwafa bank. …

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Ukrainian forces are preparing for a bloody fight for Kherson

Ukrainian forces close in on Russian-controlled Kherson Recapturing the city would be a major victory in the war Kherson acts as a gateway to Crimea, annexed in 2014 Soldiers in the trenches foresee a fierce battle ahead FRONT LINE WEST OF KHERSON, Ukraine, November 4 (Reuters) – Oleh, the commander …

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WSFS FINANCIAL CORP MANAGEMENT REPORT AND DISCUSSION OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

OVERVIEW WSFS Financial Corporation (WSFS, and together with its subsidiaries, the Company) is a savings and loan holding company headquartered in Wilmington, Delaware. Substantially all of our assets are held by our subsidiary, Wilmington Savings Fund Society, FSB (WSFS Bank or the Bank), one of the ten oldest bank and …

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Jack Ma’s digital bank Ant expands in Singapore by sweetening its lending offerings – Alibaba Group Holding (NYSE:BABA)

Alibaba Group Holding Limited BABA fintech affiliate Ant Group Co Singapore’s digital wholesale bank will begin offering small and medium business loans. ANEXT Bankwhich launched its services in June, said it would provide small businesses with loans ranging from S$5,000 ($3,530) to S$100,000. Customers can apply for …

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Peloton (PTON) Reports First Quarter Results

Brody Longo trains on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michel Loccisano | Getty Images Platoon posted a bigger-than-expected loss in its fiscal first quarter as a sharp decline in connected fitness product revenue offset an increase in subscription revenue. The shares fell more …

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Jilin Jiutai Rural Commercial Bank Reports Third Quarter 2022 Results

Jilin Jiutai Rural Commercial Bank (HKG:6122) Third Quarter 2022 Results Main financial results Revenue: 2.15 billion Canadian yen (up 6.1% compared to the 3rd quarter of 2021). Net income: 826.5 million Canadian yen (down 15% compared to the 3rd quarter of 2021). Profit margin: 38% (compared to 48% in the …

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Truxton Appoints Veteran CPA Peter Deming as Senior Wealth and Tax Strategist

Get instant alerts when news breaks on your stocks. Claim your one week free trial for StreetInsider Premium here. NASHVILLE, Tennessee, Nov. 01, 2022 (GLOBE NEWSWIRE) — Truxton Trust Company is pleased to announce that Peter E. Deming, CPA, has joined the firm as Senior Vice President and Senior Wealth …

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