The ship had been blocking shipping traffic for days. Source: Reuters
Cricket Australia have revealed the reasons why talented young gun Will Pucovski was dumped from their list of players.
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The "Global Thermoplastic Vulcanizates Market 2021" report has been added to ResearchAndMarkets.com's offering.
(Bloomberg) -- Even as traders in India fret over how much more pain the nation’s uncontrolled coronavirus surge will inflict on local stocks, some seasoned investors are getting ready to dip their toes back into the market.Concerns that a fresh round of lockdown-like rules triggered by the new virus wave will derail India’s nascent economic recovery have made the benchmark S&P BSE Sensex Asia’s worst performer in April, bringing it on the verge of technical correction this week. Weakening sentiment has also seen foreign funds turn net sellers of local shares after a six-month buying spree.While there’s no denying that the outbreak and its financial and humanitarian implications remain the key focus for market watchers, some long-term investors from Fidelity International and Invesco are already seeking opportunities to add stocks. Progress in India’s vaccination campaign and relatively less-disruptive lockdown measures are seen offering some support to Asia’s third-largest economy and its equity market.“We think that the resurgence of Covid-19 is short-term concern. We do not expect large-scale lockdowns as policymakers take a more localized approach to controlling the resurgence,” said Sukumar Rajah, director of portfolio management at Franklin Templeton Emerging Markets Equity. “We continue to be positive in the Indian equity markets and continue to identify bottom-up opportunities based on our criteria of quality, sustainability and growth,”A few other money managers are echoing similar views as the market’s recent pullback has brought valuations down from the record highs seen earlier in the year. The Sensex is down about 8% from an all-time high in February -- a 10% slide would mark a technical correction.“A couple of months ago, we did have a view that market is pricing in too many positives, since then we have seen earnings upgrades and valuation has corrected,” said Jitendra Gohil, head of India equity research at Credit Suisse Wealth Management. “We are positive on the market and are recommending investors to buy on this weakness. Our house view is that the recovery will be very sharp in the second half.”This new wave of virus cases may delay India’s recovery, but it is unlikely to derail it, according to Fitch Ratings, which affirmed India’s sovereign debt rating at BBB-, the lowest investment grade score.The Sensex is little changed so far in 2021 after having climbed in each of the previous five years. The gauge has surged 85% from its low in March 2020 -- when global equity markets took the biggest hit from the pandemic -- beating a 71% jump in the MSCI Asia Pacific Index of regional equities.“We will be selective and cautious in the short term, but any correction in the market will provide a buying opportunity,” said Amit Goel, a portfolio manager at Fidelity International.” “We continue to be optimistic on the economy and equities over the medium to long term, driven by structural drivers of growth such as strong demographics, under-penetration of consumer goods and services, increasing urbanisation, and growth in the educated workforce.”Taking ProfitSome are more cautious than others as India reported 314,835 new infections on Thursday, the world’s biggest one-day jump in coronavirus cases ever. The country’s health system has been pushed to breaking point, with hospitals reporting shortages of everything from intensive care beds to medical oxygen.Bodies piling up at crematoriums and burial grounds across the nation are sparking concerns that the death toll from a ferocious new Covid-19 wave may be much higher than official records.Concerns about the virus are also showing in India’s currency and debt markets. The rupee is Asia’s worst-performing currency in April and its slide is worsening a slump in Indian corporate dollar bonds that are now among the region’s worst performers.Aberdeen Standard Investments says that while the surge in infections could trigger stricter lockdowns if the situation worsens, which will have a knock-on impact on the re-opening of the economy and recovery prospects.“We have been nimble in terms of taking some profit off the table or topping up our positions where we see opportunity to do so,” said Kristy Fong, senior investment director for Asian equities at Aberdeen Standard.She also added however that in the longer term, several trends favor India: the presence of many of Asia’s most successful companies that have been tried and tested by prior crises and a growing middle class that is increasingly affluent.For many funds, their optimism is also stemming from expectations of a strong recovery in corporate earnings. Analysts have boosted their 12-month forward profit estimates for Sensex members by around 14% so far this year, about double the rise seen for MSCI Asia Pacific constituents, according to data compiled by Bloomberg.“We continue to see good earnings growth potential from both near and longer-term perspectives that will be supportive of a strong Indian equity market,” said Rajah of Franklin Templeton.READ: BofA Expects Near-Term Nifty Correction, Gains By Year EndShekhar Shekhar Sambhshivan, an investment director at Invesco, takes comfort from the fact that factories have been running at “decent” capacity during the current wave of infections.His team, meanwhile, has turned to defensive stocks to wade through near-term volatility. It reduced exposure to consumer discretionary stocks in the past month as it sees family spending getting affected, but raised holdings of pharmaceutical and information technology shares.(Updates prices throughout. Adds mention of rupee and corporate bonds in the 12th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The Philippines has sent two new diplomatic protests to China over its failure to withdraw what it called on Friday "threatening" vessels that were massing in contested areas of the South China Sea. The Philippines has ramped up its rhetoric in recent weeks over the lingering presence of hundreds of Chinese boats in its 200-mile Exclusive Economic Zone (EEZ), testing relations between two countries that have sought to heal their historic rifts. The Philippine foreign ministry said maritime officials had observed the "continued unauthorised presence and activities" of 160 Chinese fishing and militia vessels around the disputed Spratly islands and Scarborough shoal, as of April 20.
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Turkish police have detained 62 people in an investigation of a cryptocurrency trading platform provider, state-owned Anadolu news agency said on Friday, after thousands of Turks filed criminal complaints saying they had been scammed. The Thodex cryptocurrency trading platform, which had been handling daily cryptocurrency trade worth hundreds of millions of dollars, said on its website on Thursday it would be closed for four to five days due to a sale process. Prosecutors issued arrest warrants for 78 people and 62 had so far been detained in an operation centred on Istanbul but stretching across eight provinces, Anadolu said.
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The racist abuse of footballers online has reached a "crisis point", says sports minister Nigel Huddleston. A number of players have been targeted in recent months, including Tottenham’s Heung-min Son, Manchester United's Anthony Martial and Marcus Rashford, Liverpool's Trent-Alexander Arnold and Sadio Mane, Chelsea's Reece James and Aston Villa’s Tyrone Mings.
Viewers were forced to say goodbye to Patrick Dempsey’s character again
Climate group is calling on insurance companies to stop giving cover to fossil fuel firms
Richard Madeley is reportedly being tipped to replace Piers Morgan as Good Morning Britain’s host. The broadcaster, who has decades of TV experience, could join the programme in June with the option of extending the deal if the “trial” goes well, a source told The Sun. A ITV insider told The Sun that although Piers is “nigh-on impossible to replace” Madeley had his own “inimitable style.”
Fondsbørsmeddelelse nr. 13/2021 Indberetning af ledende medarbejderes handel med cBrain-aktier København, 23. april 2021 Per Tejs Knudsen (CEO) og Thomas Qvist (CTO) har sammen solgt en aktiepost svarende til ca. 4,2% af aktiekapitalen i cBrain. Aktierne er solgt til en mindre gruppe af institutionelle aktionærer, som vi hermed har fornøjelsen at byde velkommen i ejerkredsen. cBrain skrev historie, da selskabet i sin tid blev børsnoteret på NASDAQ-OMX. cBrains aktie er antagelig den første aktie nogensinde, som blev noteret fuldt ud via Internettet, og børsnoteringen skete i øvrigt baseret på selskabets egen software. Som følge af den Internet-baserede børsnotering har langt den største del af cBrains ejerkreds, fra børsnoteringen og frem til nu, bestået af private aktionærer, herunder medarbejdere. Samtidig har cBrain gennem årene noteret en stadig stigende interesse for selskabet, og selskabets ejerkreds tæller i dag omkring 12.000 aktionærer med aktionærer i ca. 40 lande. Vi er nu blevet kontaktet af en gruppe institutionelle aktionærer, som har ønsket at træde ind i aktien med en lidt større post. Gennem ovenstående transaktion kan vi understøtte et ønske om at øge likviditeten i aktien, samtidig med at vi kan udbrede ejerkredsen på den institutionelle side. Se vedhæftet skema for uddybning. Med venlig hilsen Per Tejs Knudsen (CEO) og Thomas Qvist (CTO) Henvendelser vedrørende denne meddelelse kan rettes til Ejvind Jørgensen, CFO, cBrain A/S, ir@cbrain.com, +45 2594 4973 Attachments Fondsbørsmeddelelse 2021-13 (flagning) Bilag til fondsbørsmeddelse 2021-13 (skema)
Shares leap 13% on long-awaited deal
NASA and commercial rocket company SpaceX are due to launch a new four-astronaut team to the International Space Station in what would be the first crew propelled into orbit by a rocket booster recycled from a previous flight.The company's Crew Dragon capsule, the Endeavour, was set for liftoff atop a SpaceX Falcon 9 rocket early on Friday from NASA's Kennedy Space Center in Cape Canaveral, Florida.
Cryptocurrency has lost a quarter of its value since mid April
Don’t let the showbiz polish fool you, this is the singer’s most experimental music in years
World Cup winner Danielle Waterman says cutting back her social media use has breathed fresh life into a punditry career she considered ending, writes Paul Martin.
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