April 5, 2022: -On Monday, Hong Kong’s Hang Seng index led gains among the major Asia-Pacific markets as Chinese tech stocks in the city jumped.
The Hang Seng index gained 2.1% to close at 22,502.31 as shares of Tencent increased 2.96%. Different Chinese tech stocks increased. Alibaba was increased by 3.65%, while NetEase soared by 6.62%.
Investor sentiment is buoyed by a recent signal by Chinese authorities of progress toward which resolves an audit dispute that’s threatened U.S.-listed Chinese firms with delisting.
However, the city’s chief executive Carrie Lam announced that she would not be pursuing a second term in office. Markets in mainland China are closing on Monday and Tuesday this week for holidays.
On Monday, the Nikkei 225 in Japan is swinging between positive and negative territory before closing 0.25% higher at 27,736.47. The Topix index is climbing 0.48% to 1,953.63.
South Korea’s Kospi is climbing 0.66% on the day to 2,757.90. Elsewhere in Australia, the S&P/ASX 200 increase 0.27%, closing at 7,513.70. The S&P SL20 index closed 1.48% lower at 2,788.97 as the country sees economic and political turmoil.
In a Monday tweet, Sri Lanka’s central bank governor announced that he had submitted his resignation to the country’s president. The country’s Youth and Sports Minister Namal Rajapaksa announced his resignation on Twitter.
MSCI’s broadest index of Asia-Pacific shares outside Japan is gaining 1.1%.
On Friday, closely watched part of U.S. Treasury yields inverted as short-term rates increased following the release of jobs data stateside, raising concerns over a potential recession.
The benchmark 10-year Treasury yield in the previous sat at 2.3988%, while the rate on the 2-year Treasury note was at 2.4546%. Yields move inversely to prices, with one basis point equal 0.01%.
Yield curve inversions have historically happened ahead of recessions. However, many economists believe the curve needs to stay inverted for a substantial time before it gives a valid signal.
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.
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.
When Darren Woods took the reigns of ExxonMobil six years ago, no one could have anticipated that the Kansas resident would soon face what Texas oil patch vets call “a whole pile of trouble.” Three years later, the oil market collapsed during the COVID-19 pandemic, which dealt the 140-year-old oil organization its first annual upset in four decades.
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.
Jasmin Staiblin, Chief Executive Officer of ABB Switzerland, says, “Global energy consumption continues to grow and, if left unabated, will lead to an ever-greater risk of irreversibly changing our climate. To take advantage of more sustainable energy sources, the energy landscape is in a state of profound change to allow the integration of increasing amounts of renewable energy sources into the grid, to allow infrastructure to run more intelligently and efficiently, and to ensure the supply of energy is available at all times.
The activation of the Fallon Two Rock solar farm project has recently bolstered the Californian energy …