Malaysia’s strong stock market presents attractive investment ideas for asset owners, as the impact of supportive government policies over the past few years kicks in. “Government policies put in place over the past two to three years are bearing fruits,” said Durraini Baharuddin, group chief investment officer at MNRB Group, a listed reinsurance company in Malaysia. She made the comments during a panel discussion at AsianInvestor’s 3rd Malaysia Global Investment Forum in Kuala Lumpur on October 8. She noted that institutional investors are showing higher interest in Malaysian equities, especially since they have performed quite well this year. The expectation is…
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Shares of Nvidia (NVDA) fell over 5% Tuesday, a day after after closing at a record high.The chipmaker’s stock was down less than 1% in pre-market trading, but had fallen by about 5% by midday. The drop occurred following a report that the U.S. could cap sales of advanced artificial intelligence chips from U.S.-based chipmakers to certain countries. Biden administration officials in recent weeks have discussed putting a ceiling on export licenses for advanced AI chips, including those from Nvidia and rival AMD (AMD), to countries in the Middle East, citing national security concerns, Bloomberg reported.Earlier this year, U.S. officials…
On Tuesday, Evercore ISI reiterated its Outperform rating on Netflix (NASDAQ:) shares, with a stable price target of $750.00. The firm’s analysis suggests that the current market expectations for Netflix’s third-quarter revenue growth and other financial metrics are reasonable. According to Evercore ISI, the anticipated revenue increase of 14.3% year-over-year, along with an operating margin of 27.8% and earnings per share (EPS) of $5.11, align with typical seasonal patterns observed over the past three years. The firm also agrees with the market’s forecast of a 2% sequential revenue growth for the third quarter, which falls within the historical range of…
Investing.com – Germany stocks were mixed after the close on Tuesday, as gains in the , and sectors led shares higher while losses in the , and sectors led shares lower. At the close in Frankfurt, the rose 0.06% to hit a new all time high, while the index added 0.22%, and the index fell 0.54%. The best performers of the session on the were MTU Aero Engines NA O.N. (ETR:), which rose 4.94% or 14.30 points to trade at 303.90 at the close. Meanwhile, Deutsche Telekom AG Na (ETR:) added 1.97% or 0.54 points to end at 28.02 and…
Courtesy of Steinbridge GroupThe City of Dallas City Plan Commission (CPC) granted unanimous approval to the Steinbridge Group, who will transform land purchased from the Potter’s House Church and Clay Academy Charter School in 2022 at the height of the COVID-19 pandemicThe development advances the Steinbridge Group’s commitment to partner with HBCUs and other community institutions to transform underutilized assets and close institutional funding gapsDALLAS, October 15, 2024–(BUSINESS WIRE)–Today, the Steinbridge Group, a rapidly growing real estate investment and development firm, announced unanimous approval by The City of Dallas City Plan Commission (CPC) for an approximately $54 million, privately funded…
On September 25, the US Department of Energy (DOE) launched a pilot project to measure the greenhouse gas intensity of several industrial products, including steel. This move is a part of the Biden administration’s agenda to reduce emissions while boosting sustainable domestic manufacturing. By tracking emissions more effectively, the U.S. steel sector could gain a competitive edge over foreign competitors. Notably, one key technology helping drive this change is the electric arc furnace, which operates without coal, unlike traditional blast furnaces. This shift aims to lower emissions in the U.S. steel industry which is a major contributor to global greenhouse…
The new framework is set to be endorsed at the upcoming COP29 summit, after which it could influence multi-national rules over how companies use carbon credits. Source link
Image source: Getty Images It’s a while since I’ve felt this bullish about the dividend forecast for the UK stock market. The latest Dividend Dashboard, from AJ Bell, shows an analyst consensus for a 1% rise in dividend cash this year. And there’s a further 7% rise pencilled in for 2025, to reach £83.9bn. That wouldn’t quite get us to 2018’s all-time record of £85.2bn. But we might miss by only a whisker. For the past few years, analysts have started out with big hopes and pared them back a bit as the months pass, though. But even with that,…
PITTSBURGH, Oct. 15, 2024 /PRNewswire/ — Federated Hermes, Inc. (NYSE: FHI), a global leader in active investing, today announced that monthly fund composition and performance data for Federated Hermes (NYSE:) Premier Municipal Income Fund (NYSE: FMN) as of Sept. 30, 2024, is now available in the Products section of FederatedHermes.com/us. To order hard copies of this data or to be placed on a mailing list, call 800-245-0242 x5587538, email CEinfo@federatedhermes.com or write to Federated Hermes, 1001 Liberty Avenue, Floor 23, Pittsburgh, PA 15222. Federated Hermes, Inc. (NYSE: FHI) is a global leader in active, responsible investment management, with $782.7 billion…
Nvidia’s CEO, Jensen Huang, discussed his thoughts about the future of the artificial intelligence market. Source link