Zaggle Prepaid Ocean Services is in the spotlight following its agreement with Mastercard, which will recommend Zaggle's SaaS platform, payment, and card products to corporate clients on a referral basis. This partnership, effective from November 26, will last for seven years and covers both domestic and international markets.
Japan's leading chip distributor, Macnica, is pursuing acquisitions in China and India to enhance its market share amid increasing competition. President Kazumasa Hara emphasized the need for scale to navigate the US-China tech rivalry and indicated that a multi-billion dollar investment is likely. Currently holding a 22% market share domestically, Macnica aims to reach 30% by 2030 through both acquisitions and organic growth.
Thai Airways International Pcl plans to raise up to 44 billion baht ($1.27 billion) through a rights offering, marking a crucial step to exit its court-supervised debt restructuring. The airline has set the share price for its 9.82 billion new shares at 4.48 baht, allowing existing shareholders to purchase 4.5 new shares each.
Sri Lanka’s central bank has established a new single benchmark interest rate at 8% to support the economy's recovery from a significant crisis. This adjustment translates to an effective reduction in the policy interest rate of approximately 50 basis points, as stated by the central bank.
Australia's pension funds have exceeded A$4 trillion ($2.6 trillion) in assets, driven by a surge in inflows from compulsory contributions. The sector experienced a 13.4% growth over the year ending in September, with total assets reaching A$4.1 trillion and contributions rising by 13.1% to A$191 billion.
Asian markets opened mixed as risk sentiments fluctuate, with the Nikkei down 0.40% and the ASX up 0.56%. Donald Trump's tariff threats are causing uncertainty, particularly affecting trade-dependent markets. The USD/JPY is trading near its 200-day moving average, with crucial support at 151.95, while the AUD/USD is attempting to maintain an upward trendline despite mixed inflation data from Australia.
IG
03:02 27.11.2024
The US dollar steadied against major currencies as investors assessed President-elect Trump's tariff promises and awaited key inflation data. The New Zealand dollar rose following a 50 basis point rate cut by its central bank, while the Israeli shekel reached a three-month high amid a ceasefire agreement between Israel and Hezbollah. The dollar index dipped slightly, reflecting recent volatility influenced by political developments.
President-elect Donald Trump has appointed attorney Jamieson Greer as the U.S. Trade Representative, emphasizing his role in implementing tariffs and replacing NAFTA with USMCA during Trump's first term. Greer, who previously served as chief of staff to USTR Robert Lighthizer, aims to reduce the trade deficit and expand export markets if confirmed by the Senate. Trump has also selected Howard Lutnick as commerce secretary, who will oversee the Office of the U.S. Trade Representative.
President-elect Donald Trump has appointed Kevin Hassett to lead the National Economic Council and Jamieson Greer as the US Trade Representative, key roles in his economic team. Hassett will focus on tax cuts, while Greer, pending Senate confirmation, will oversee Trump's tariff initiatives.
NTPC Green Energy Ltd., the renewable-energy arm of NTPC Ltd., is set to begin trading after a $1.2 billion IPO, valued at nearly $11 billion. The offering, which was fully subscribed, aims to fund its renewable energy initiatives and repay loans, reflecting strong investor interest in India's growing power consumption.
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