Forex Trade Time

Risk Warning: Trading in the foreign exchange (Forex) market carries high risks as it involves trading on margin, and this type of investment may not be suitable for all investors.

Philip Morris faces key test with US heated tobacco push :

  #Philip_Morris #International’s goals for heated tobacco in the #United_States are #reachable, #analysts and #investors say, even though rivals see limited potential in a market where vaping dominates. The world’s biggest tobacco company by market value will launch its flagship heated tobacco device #IQOS in the U.S. in the second quarter, developing the brand pretty

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Nigeria secures $600 million Maersk investment in seaport infrastructure :

  #Nigeria secured a $600 #million investment in seaport infrastructure from Danish shipping company A.P. Moller-Maersk, the presidency said in a statement on Sunday. The investment was secured during a meeting between President Bola Tinubu and Moller-Maersk Chairman Robert Maersk Uggla on the sidelines of a World Economic Forum meeting in Saudi Arabia. “We believe

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Insurer AIA’s Q1 new business value rises 31%, announces $2 billion buyback :

  #Hong_Kong-based insurer #AIA Group on Monday posted a 31% rise in its first-quarter value of new business (#VONB) on a constant #exchange currency basis helped by strong performance across segments, and announced an additional $2 #billion share #buyback. #AIA Group also announced an “enhanced capital management policy” under which it will target payout of

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Singtel sees $2.3 billion impairment hit, net loss in 2024 second-half :

  #Singapore_Telecommuni#cations on Monday forecast non-#cash impairment provisions of S$3.1 #billion ($2.28 billion) for second-half of 2024 which would lead to the telecom giant reporting a net loss for the period. The #company also warned that it would report a lower net profit for the full-year ended March 31, 2024. About S$2 #billion of the

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China industrial profits fall in March, stir doubts about economic recovery :

  #China’s industrial #profits fell in March and slowed gains for the #quarter compared to the first two months, official data showed on Saturday, raising doubts about the strength of a recovery for the world’s second-biggest economy. Cumulative profits of China’s industrial firms rose 4.3% to 1.5 trillion yuan ($207.0 billion) in the first quarter

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Star Entertainment executive chair Foster steps down, adds to management exodus :

  #Star_Entertainment said on Monday its Executive #Chairman #David_Foster will leave step down just weeks after being appointed to the role, adding to an exodus of senior management at the beleaguered Australian casino operator. The management departures come at a time when the casino operator faces a second inquiry into its Sydney casino operations investigating

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