APAC trade deal RCEP, oil and currencies

first_imgIn China, a set of economic data is due to be released, including industrial production and retail sales. In Japan, futures pointed to a higher open, as compared to the Nikkei 225‘s last close. Japan is set to release its gross domestic product data in the morning.Over in Australia, the S&P/ASX 200 jumped 1.22% in early trade.Indian markets are closed due to a holiday.- Advertisement – Over in the U.S., stock futures rose on Sunday night after the S&P 500 posted a record closing high on Friday and notched a one-week gain of 2.2%. The Dow rallied more than 4% last week and briefly hit an intraday record. The Nasdaq Composite lagged, however, sliding 0.6%.Coronavirus cases stateside are surging again, with the U.S. reporting a record-high number of people hospitalized with Covid-19 on Friday. More states are rolling out fresh restrictions to slow the spread of the virus ahead of the holiday season.- Advertisement – SINGAPORE — Asia-Pacific markets are set to bounce in Monday trade as 15 economies in the region signed a deal that formed the world’s largest trade alliance.The deal, signed on Sunday, aims to gradually reduce tariffs across many areas, according to Reuters. The Regional Comprehensive Economic Partnership is now the world’s largest trade bloc, a deal that excludes the U.S. It marks the first time that East Asian powers China, Japan and South Korea are in a single trade agreement.- Advertisement –center_img “In the US virus cases and vaccine news remain front and centre together with any development on the likelihood of a fiscal stimulus package during the lame duck Congressional session,” Ray Attrill, head of foreign exchange strategy at the National Australia Bank wrote in a Monday note. “Vaccine news will also be watched closely with Moderna expected to report Phase 3 results and Pfizer/BioNTech potentially applying for an emergency use authorisation by the end of the week.”CurrenciesThe U.S. dollar index, which tracks the greenback against a basket of its peers, was a toucher weaker at 92.724 after declining from levels above 92.9 late last week.The Japanese yen traded at 104.67 per dollar, after strengthening from levels above 105 late last week. The Australian dollar was relatively unchanged, trading at 0.7271 against the dollar.What’s on tap (all times in HK/SIN):7:50 a.m.: Japan’s GDP10:00 a.m.: China’s industrial production, retail sales, unemployment rate11:00 a.m.: South Korea’s exports, importsSubscribe to CNBC PRO to access live PRO Talks live, including our Dec. 2 discussion on opportunities and risks in international markets. – Advertisement –last_img read more

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Greater Jakarta residents find ways to mark Independence Day despite COVID-19

first_imgRead also: Bank Indonesia releases commemorative Rp 75,000 bill to celebrate 75th Independence Day“We’ve been conducting this kind of flag-hoisting ceremony for seven years in a row,” said community member Amrih Maulana. “The ceremony aims to spread awareness about the condition of the Ciliwung River to the public. Hopefully, we can inspire others to take care of the Ciliwung River and other rivers in Indonesia.”Amrih went on to say that this year’s ceremony was limited to only a certain number of people due to the pandemic. Nevertheless, he said he hoped the community’s effort could inspire the Depok administration to care for the river. With the large-scale social restrictions still in place in Tangerang, Banten, the local administration decided to commemorate the country’s anniversary virtually by hosting online contests for traditional games and activities such the rubber relay race, the cracker eating contest and balloon dancing.In the meantime, the Jakarta administration is still allowing citizens to celebrate Independence Day in public as long as it involves no crowds. The Jakarta Public Order Agency (Satpol PP) also stressed that any Independence Day activities should adhere to health protocols.“Local officials will halt any activities that could potentially attract crowds,” Jakarta Satpol PP head Arifin said on Sunday.Despite the calls to be less festive during the extended weekend, Jakartans exited the city in droves to go on their holiday getaways. According to state-owned toll road operator PT Jasa Marga, 361,236 vehicles left Jakarta on Aug. 14 and 15, kompas.com reported. (trn)Topics : With the big and joyous celebrations of Independence Day canceled this year due to the pandemic, Greater Jakarta residents had to get creative to celebrate the country’s 75th anniversary.To replace the annual festivities, which are usually filled with physical games and direct interactions, youngsters living in North Sukabumi subdistrict in Kebon Jeruk district, West Jakarta, decided to create an 8-meter-tall kite adorned with the red and white colors of Indonesia’s flag. “Since young people in this neighborhood had no activities to do following the canceled festivities this year, they – from kids to teenagers and young adults – decided to build themselves a giant kite,” resident Cahyadi said on Sunday as quoted by tribunnews.com.  The youngsters spent three days building the kite on an empty street at night, because the neighborhood did not have a spacious area, and they also had to comply with physical distancing policy.The North Sukabumi residents planned to fly the kite at the Intercon field in West Jakarta.Elsewhere, members of the Ciliwung Depok Community carried on with their tradition of staging a flag-hoisting ceremony at the Ciliwung River on Monday.Wearing life jackets and safety helmets, members of the community, which is known for promoting sustainability at the river, arrived at the flag ceremony spot on inflatable boats, celebrating the tradition for their seventh time on Independence Day.last_img read more

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‘Very poor’ Manchester United star David de Gea singled out after Wolves defeat

first_img Metro Sport ReporterWednesday 3 Apr 2019 8:28 amShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link51Shares Advertisement ‘Very poor’ Manchester United star David de Gea singled out after Wolves defeat Hargreaves criticised De Gea (Picture: VI Images via Getty Images)Wright added: ‘Maybe De Gea should have done better when he passed the ball to Fred for the first goal.‘He should have been looking for the wings there and passed the ball over and away from the danger like we have seen him do in the past.‘But to put that in the middle like that was poor play from him, very poor.’More: Manchester United FCRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseEx-Man Utd coach blasts Ed Woodward for two key transfer errors Advertisement Comment De Gea was criticised (Picture: AMA/Getty Images)Owen Hargreaves and Ian Wright singled David de Gea out for criticism as Manchester United suffered a damaging defeat to Wolves on Tuesday night.The Spaniard is often hailed as United’s most consistent performer but he had a night to forget at Molineux in a 2-1 loss.Arsenal legend Wright believes De Gea’s contribution to Diogo Jota’s equaliser was ‘very poor’ as he tossed the ball out to Fred who was then caught in possession, while former Manchester United midfielder Hargreaves thought he generally had a ‘bad day at the office’, with De Gea also culpable for Wolves’ winner after a mix-up with own goal scorer Chris Smalling.AdvertisementAdvertisement‘For Manchester United the issue is simple. It almost looks easy in the summer in terms of recruitment,’ Hargreaves told Premier League Productions.ADVERTISEMENT Solskjaer post-Wolves defeat Our performance deserved the winTo view this video please enable JavaScript, and consider upgrading to a web browser that supports HTML5 video Play VideoLoaded: 0%0:00Progress: 0%PlayMuteCurrent Time 0:00/Duration Time 6:19FullscreenSolskjaer post-Wolves defeat Our performance deserved the winhttps://metro.co.uk/video/solskjaer-post-wolves-defeat-performance-deserved-win-1897420/This is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.‘They need a world class defender, maybe two, because today when the game was on the line they needed someone to step up when actually it went the other way.‘It was a bad day at the office for David de Gea and a big blow for United and that top four.‘Very rarely do you see De Gea make that many mistakes in a game.’last_img read more

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There are still plenty of properties for less than $500,000 within 20km of the CBD

first_img9/35 Lavender Place, Fitzgibbon. Picture: realestate.com.auThe two-bedroom home is being marketed through Boonie Worth, of Ray White Bridgeman Downs.The villa has a tiled, open-plan kitchen, lounge and dining area and sliding doors opening out to the covered terrace.The master bedroom has carpet, airconditioning and a fan, plus built-in wardrobes. There is also an ensuite. A laundry is hidden behind sliding doors.At Virginia, about 14km from the CBD, a home at 105 St Vincents Rd is listed for offers of $459,000 plus. 74 Boundary St, Tingalpa. Picture: realestate.com.auTHERE  are still plenty of properties for less than $500,000 within 20km of the CBD – you just have to know where to look.New research data from PRDnationwide has revealed 16.1 per cent of suburbs within 20km of the Brisbane CBD have a median price of less than $500,000. 74 Boundary St, Tingalpa. Picture: realestate.com.auWhile the high end of the market seems to have gathered some momentum, the majority of sales within the greater Brisbane area are for between $500,000 and $750,000.Only 3.8 per cent were for more than $1.25 million. At Tingalpa, about 15km from the CBD, an offer of more than $460,000 could secure you a three-bedroom home at 74 Boundary St. The home, listed through Maryanne Birch of Maryanne Birch Real Estate – Hawthorne is close to parklands.It has an airconditioned lounge, which opens onto the front veranda. The kitchen has room for a table and chairs.More from newsMould, age, not enough to stop 17 bidders fighting for this home3 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor3 hours agoIt is on a 500sq m fenced block, and is close to shopping, schools and public transport.At Fitzgibbon, about 16km from the CBD, 9/35 Lavender Place is listed for offers of more than $349,000.center_img 105 St Vincents Rd, Virginia. Picture: realestate.com.auThe home is being marketed through Richard Parker, of Watt Realty – Aspley.It has a large rear deck, and the modern kitchen has new appliances and a gas cooktop.The home, which is about five minutes from the train station, features timber floors. Outside is a fully fenced yard, rainwater tank and a double lock-up garage plus another shaded car space.last_img read more

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Austrian pension fund VBV laments regulatory bias against derivatives

first_img“Pensionskassen are not hedge funds or high-frequency derivative traders,” he said. “They use options and futures to optimise their portfolios.”The VBV board member said limiting the use of derivatives by institutional investors risked drying up liquidity in European derivative markets.He also claimed that “politics and regulation currently do not add up in Europe”, citing long-term infrastructure investment as an example.He said budget-constrained politicians had welcomed these investments while at the same time regulators were making them “unattractive” for investors, citing risk, valuation challenges and illiquidity.He argued that, “as with any niche investment”, the question remains whether it yields enough to compensate for the “administrative effort”.“Niche investments that are not returning at least 5-6% are not attractive – even now that the interest has gone down further – because the administrative and regulatory burden remains the same,” Schiendl said. The European Central Bank’s (ECB) decision earlier this month to lower the benchmark interest rate from 0.25% to 0.15% has merely served to increase duration risk and the relative importance of interest-rate derivatives, according to Günther Schiendl.The head of asset management at Austria’s largest Pensionskasse VBV lamented what he saw as misguided and indiscriminate “regulatory bias” against all forms of derivatives, as part of supervisors’ ongoing efforts to prevent speculation.“Regulators currently are eyeing derivatives very sceptically, which is regrettable because, at the same time, everyone is talking about risk management, and for this derivatives are the best alternative,” he said.Schiendl stressed that he, too, was in favour of regulating systemic risks in OTC derivatives and agreed that many credit default swaps had “caused a lot of damage”, but he argued that options and futures traded on a stock exchange were “something different”.last_img read more

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Mauritius designates first woman president

first_imgAmeenah Gurib-Fakim is a renowned scientist and biologistThe government of Mauritius on Monday designated Ameenah Gurib-Fakim as the Indian Ocean island nation’s new president, making her the first woman to hold the ceremonial position.The appointment of Gurib-Fakim, an internationally-renowned scientist and biologist, is subject to parliament approval, due to take place on Thursday.The opposition has said it will support her appointment, making the vote a mere formality.Her inauguration is expected to take place on Friday, officials said. Gurib-Fakim, 56, will be the first female president of the island, which gained independence from Britain in 1968 and which replaced Britain’s Queen Elizabeth II as its head of state in 1992.Former president Kailash Purryag, who had been put in place by the previous government, stepped down as the island’s figurehead on Friday.Britam drops 2 directors linked to scam He had served as president since July 2012, when he was appointed by the island’s previous Labour party government of former premier Navin Ramgoolam.The previous government had fought the elections on a platform of delivering constitutional reform — notably with a divisive proposal to strengthen presidential powers.Ramgoolam himself had hoped to eventually run for the new, strengthened position. Since his election defeat Purryag has been seen as an unwanted figurehead, while Ramgoolam has been embroiled in corruption allegations that have shocked the country.Mauritius is one of the richest — and least corrupt — countries in Africa, a middle-income country of some 1.3 million people with a per capita GDP of just over $9,000 (7,200 euros).Once dependent on sugar exports, the island has built up a strong outsourcing and financial services sector, and an important tourism industrylast_img read more

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Dearborn foundation awarded $2.2 million in 2014

first_imgLAWRENCEBURG, Ind. – The Dearborn Community Foundation (DCF) awarded $2.2 million grants and scholarships in 2014.“We consider our grants and scholarships to be investments in our community,” said Fred McCarter, DCF Executive Director. “Many generous donors make all of this possible! The Foundation is here to help donors make their charitable wishes come true. We are proud to help them make a difference in Dearborn County!”One million dollars were awarded to support needs of the community in various fields of: Art, Culture and Humanities; Community and Public Benefit; Education; Environment and Animal Protection; Human Services; Public Safety; and Youth Programs. MoreThere were 200 scholarships totaling $433,675 were awarded to help recent high school graduates with their post-secondary endeavors and also to support students who are already attending college.DCF awards grants to non-profit charitable organizations that serve the residents of Dearborn County.last_img read more

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‘Bulldog Spirit’ enlisted to lift fire victims

Batesville, In. — The Batesville High School students, staff and Football Alumni will hold a benefit for the family of John and Julie Wilson Friday, September 8. The family lost their home and belongings in a recent fire.During lunch, from 11:05 a.m. to 1:15 p.m. and at the football game that evening versus Rushville monetary donations and gift cards can be dropped off. Household items and clothing can be dropped off at the BHS Guidance Office from 8:30 a.m. to 2:30 p.m. On Thursday, September 14 the Batesville middle School will hold a bake sale to benefit the family.The Wilsons have five children: Ben and Jacob, both BHS alumni; Sarah, a senior at BHS; Maggie and Luke, both Batesville Middle School students.

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Real Madrid, Arsenal deadlocked in Ceballos talks

first_imgReal Madrid midfielder Dani Ceballos is no closer to confirming where he will be playing next season, with his future in the Spanish capital uncertain. Ceballos spent the 2019-20 season on loan at Premier League side Arsenal, and despite the Gunners willingness to keep him at the club, no deal has been reached.Advertisement The Spanish international has remained open to the potential of either returning to Madrid, or remaining in London, with his first team opportunities set to be limited at the Santiago Bernabeu. Read Also: Dutch FA demands €5m from Barcelona to appoint KoemanAccording to reports from Mundo Deportivo, Los Blancos are frustrated at Arsenal’s unwillingness to meet their €45m asking price, with Arteta rumoured to be angling for another loan deal, with an option to buy in 2021.Former club Real Betis have also been linked with a move for the 24-year old, however, they are also likely to prefer an initial loan move instead of a full transfer in the coming weeks.FacebookTwitterWhatsAppEmail分享 Loading… Promoted Content7 Black Hole Facts That Will Change Your View Of The Universe10 Irresistibly Gorgeous Asian ActressesCan Playing Too Many Video Games Hurt Your Body?Birds Enjoy Living In A Gallery Space Created For ThemYou’ve Only Seen Such Colorful Hairdos In A Handful Of AnimeCouples Who Celebrated Their Union In A Unique, Unforgettable Way6 Interesting Ways To Make Money With A DroneThe 10 Best Secondary Education Systems In The World7 Reasons Why You Might Want To Become A Vegetarian7 Mind-Boggling Facts About Black Holes10 Risky Jobs Some Women Do9 Facts You Should Know Before Getting A Tattoolast_img read more

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Kaleb G. Norton

first_imgKaleb G. Norton passed away suddenly on Saturday, September 28, 2019.  He was 17 years old.  The son of Laura M. Kennelly was born on August 29, 2002 in Indianapolis.Like most boys his age, Kaleb was a typical teenager who loved to laugh, have fun and spend time with his friends. Growing up in the small town of Batesville, Kaleb was involved in youth sports like football and basketball.  He was a confirmed member of Holy Family Church in Oldenburg. Kaleb used to spend time on the farm riding his 4-wheeler and of course, playing video games on his x-box with his buddies.  In the last year he had taken a real interest in music.  He had started writing songs and making music developing his own ‘studio’ in the basement where he could work on his tracks.  His infectious laughter and bright smile will be truly missed by his loving family and friends.Kaleb is survived by his dear mother, Laura Kennelly; devoted grandmother, Judy Leising; grandfather, Kevin Kennelly; sister, Makayla Kennelly; uncle Ryan (Rebecca) Kennelly and aunt Tonya (Luke) Lindsell; his cousins, Caroline, Aubry, Eliza, Conner, Cooper and Carly; in addition to other great-aunts, great-uncles, cousins and numerous friends.Visitation will be Wednesday, October 2, 2019 from 3:30-7:30pm at Meyers Funeral Home.  Mass of Christian Burial at 10:00am on Thursday, October 3rd at Holy Family Church in Oldenburg.  Online condolences www.meyersfuneralhomes.com.last_img read more

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