BYD Transforms Battery Production Line with ForwardX Robotics
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
March 23, 2022: -Shares in Asia-Pacific mainly were higher on Tuesday, as Hong Kong-listed shares of Alibaba soared after the firm announced an upsizing of its share repurchase program from $15 billion to $25 billion.
By the Tuesday market close in Hong Kong, shares of Alibaba listed in the city were up 11.2%. Hong Kong’s broader Hang Seng index led gains among the region’s major markets as it climbed 3.15% to 21,889.28.
Meanwhile, shares of China Eastern Airlines in Hong Kong dropped 2.55% after the carrier’s Boeing 737 passenger jet crashed in southern China on Monday.
The Nikkei 225 in Japan jumped 1.48% to close at 27,224.11, while the Topix index climbed 1.28% to 1,933.74.
Mainland Chinese stocks closed mixed, as the Shanghai composite edged 0.19% higher to 3,259.86 while the Shenzhen component dipped 0.492% to 12,318.78.
South Korea’s Kospi advanced 0.89% on the day to 2,710. In Australia, the S&P/ASX 200 gained 0.86%, closing at 7,341.10.
MSCI’s broadest index of Asia-Pacific shares outside Japan gained 1.16%.
Investors also watched for market reaction to U.S. Federal Reserve Chairman Jerome Powell vowing strict action on inflation.
Fed Chair Powell said Monday that inflation is “much too high,” with the central bank set to “take the necessary steps to ensure a return to price stability.”
“In particular, if we conclude that it is appropriate to move more aggressively by raising the federal funds rate by more than 25 basis points at a meeting or meetings, we will do so,” Powell said.
“The U.S. Fed Funds futures now have 42bps of tightening priced for May up from 3.5bps at Friday’s close, and 80bps over the combined May-June meetings, so now flirting with the notion of back-to-back 50 point increases,” Attrill said.
Shares on Wall Street dipped overnight, with the S&P 500 fractionally lower at 4,461.18 while the Dow Jones Industrial Average slipped 201.94 points to 34,552.99. The Nasdaq Composite shed 0.4% to 13,838.46.
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
BYD Company Limited, a renowned innovator in electric vehicles and sustainable technology, has announced a transformative …
Hertz Global Holdings Inc. (NASDAQ: HTZ), a prominent car rental company, has disclosed further financial losses associated …
AspenTech, a Massachusetts-based company, plays a pivotal role in the oil and gas industry by leveraging cutting-edge technologies, including AI (artificial intelligence). Let’s delve into how AspenTech contributes to this dynamic sector
It’s no secret that oil and gas is a boom-and-bust industry. Production is currently up, projected to increase to 13.7 million barrels daily in 2024. But this won’t last forever. Whether production is up or down, the key to maximizing production, optimizing efficiency, and taking advantage of increased profits is innovation, digital transformation,and automation.For stakeholders looking to deliver safer, more efficient, and cheaper energy, innovation and automation must be a top priority. Those who fall behind in the race to innovate, ultimately, run the risk of losing market share.
Talking to Thomas Hundertmark, a senior partner in McKinsey’s Houston office, Darren Woods is chairman and CEO of ExxonMobil made some crucial points and also gave some insights on what the conglomerate was doing in order to save the climate.
Today oil and gas producers face severe regulatory and public relations obstacles due to the concern with greenhouse gases and resource depletion. Calgary-based start-up, Advanced Upstream (“AU”), has been disrupting the oil and gas industry with simple and reliable innovative technologies. AU’s products help the oil and gas producers to enhance energy production while reducing the corresponding environmental impact. By decreasing personnel and time on site, and lowering overall HSE risks across the board, the clients can see a notable improvement in their ESG rating, contributing to their bottom line.