Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Ant Group's upcoming IPO aims to raise a record $30 billion and could bring first-time tech fundraising to the highest level since 1999.
Should demand for the offering hold up, Ant's debut could bring global first-time stock sales to more than $57 billion, according to data collected by Bloomberg. The dot-com bubble's annual proceeds peaked at $62 billion.
The debut is the latest to enjoy surging investor demand for tech stocks. With concentration in giants like Apple and Microsoft reaching historic highs, traders have turned to the IPO market for cheaper entry into the tech sector.

Jack Ma's $30 billion Ant IPO could push tech fundraising to highest level since dot-com bubble's peak
Ben Winck
Aug. 31, 2020, 03:48 PM

Putin Would Like To See Oil Prices Above $46 Per Barrel
By Tsvetana Paraskova - Aug 27, 2020, 1:00 PM CDT

Norway's Equinor will not drill any more wells in the U.S. shale patch this year as it adjusts to a lower-for-longer oil price environment, a spokesperson for the company said as quoted by Hart Energy.

The company stopped drilling in the Bakken and the Marcellus shale plays where it has acreage in March this year as it slashed billions in spending in response to the oil price collapse. Now, Equinor will also be cutting jobs in the shale patch, although it has yet to specify how many.

When vaccine found, it will became ordinary again

Russian coronavirus vaccine effective and safe, says Vladimir Putin
By Associated Press

THU AUG 27, 2020 / 11:47 AM EDT
Bangladesh approves late-stage trial of China's Sinovac COVID-19 vaccine candidate
Ruma Paul

Russian coronavirus vaccine effective and safe, says Vladimir Putin
By Associated Press - 7 hours ago

THU AUG 27, 2020 / 11:47 AM EDT
Bangladesh approves late-stage trial of China's Sinovac COVID-19 vaccine candidate
Ruma Paul

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

Three victims of Kenosha riot shootings identified, including volunteer medic
By Lee Brown

August 27, 2020 | 12:13pm

https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/

https://www.washingtonpost.com/nation/2020/08/26/jacob-blake-kenosha-police-protests/

US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China

US-China relations
Mike Pompeo renews attack on HSBC as bank walks line between US and China

U.S. Blasts HSBC for Siding With China Over Hong Kong

U.S. Blasts HSBC for Siding With China Over Hong Kong

U.S. Blasts HSBC for Siding With China Over Hong Kong

HSBC Amanah arranges first Asean green SRI sukuk for Leader Energy
BANKING
Wednesday, 12 Aug 20204:55 PM MYT

HSBC Amanah arranges first Asean green SRI sukuk for Leader Energy
BANKING
Wednesday, 12 Aug 20204:55 PM MYT

0.50 on the way

KUALA LUMPUR: Airasia X Bhd (AAX) mencatat kerugian bersih lebih tinggi kepada RM305.24 juta bagi suku kedua berakhir 30 Jun, 2020 daripada RM207.11 juta bagi tempoh sama tahun lalu.

Ia susulan penurunan drastik pendapatan kepada RM91.44 juta daripada RM1.01 bilion sebelum ini.

Gold now RM261 per gram above

Fox Business
☰
CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises

Fox Business
☰
CHINAPublished August 26, 2020
China, US tensions raise Taiwan conflict fears: 'Polishing the gun'
This week China complained a U.S. spy plane had observed Chinese live-fire exercises

By Mark Guarino, Mark Berman, Jaclyn Peiser and Griff Witte
August 26, 2020 at 5:28 PM EDT
KENOSHA, Wis. — Authorities on Wednesday said a 17-year-old had been charged with homicide after two people were killed and another seriously wounded by gunfire during overnight protests over the police shooting of Jacob Blake Jr.

By Mark Guarino, Mark Berman, Jaclyn Peiser and Griff Witte
August 26, 2020 at 5:28 PM EDT
KENOSHA, Wis. — Authorities on Wednesday said a 17-year-old had been charged with homicide after two people were killed and another seriously wounded by gunfire during overnight protests over the police shooting of Jacob Blake Jr.

August 25 Portland protests
Portland protests continued for the 90th consecutive night as a group of demonstrators marched to City Hall downtown. Some members of the group graffitied the rotunda, smashed a door switch and broke the glass in some interior doors before an unlawful assembly was declared around 10 p.m. on Tuesday, Aug. 25, 2020. The gathering was later declared a riot by police. Dave Killen/Staff

August 25 Portland protests
Portland protests continued for the 90th consecutive night as a group of demonstrators marched to City Hall downtown. Some members of the group graffitied the rotunda, smashed a door switch and broke the glass in some interior doors before an unlawful assembly was declared around 10 p.m. on Tuesday, Aug. 25, 2020. The gathering was later declared a riot by police. Dave Killen/Staff

A vaccine is a booster injection for AirAsia

We are now reducing our US Dollar exposure. There’s a ton of money being “printed” in the economy right now because of the economic stimuli. While many governments are taking economic measures, the US Government and the Federal Reserve have been particularly aggressive. Although the stimuli are in place to prevent a deeper recession, they could also lead to significant depreciation of the USD as the economy gradually recovers. We saw this depreciation happen after the US Federal Reserve introduced quantitative easing in March 2009. Then, the US Dollar depreciated by 21.2% versus the Ringgit between March 2009 and July 2011.

Decreasing USD exposure
In our re-optimisation in August 2019, ERAA® increased the overall US Dollar exposure across all risk points, taking account of the broad economic uncertainty. ERAA® did this because, as the US Dollar is seen as a safe-haven currency, it tends to appreciate when the markets get more nervous.

article background
We’re Re-Optimising Your Portfolios for Uncertain Times Ahead
Freddy Lim
Freddy Lim
CO-FOUNDER AND CIO

14 May 2020

Though the March market crash was paralysingly fast compared to the 2008 financial crisis, the depth of the market crash was not as pronounced as that of the 2008 recession. This time around, central banks matched the speed of the recent crash with quick economic stimulus packages. The fast responses prevented a steeper and more prolonged market crash as the market quickly priced in an average recession, rather than a deep recession. Still, the depth of the oncoming recession remains unclear for now. With that said, we know that the markets and the economy will eventually recover, though we don’t know what the path to recovery will look like.

Our investment framework, ERAA®, has analysed the latest economic and market data; we are now re-optimising our portfolios to better prepare them for what lies ahead by reducing US Dollar exposure, increasing Chinese exposure, and for some portfolios, increasing exposure to Gold. This is the second time we have re-optimised our portfolios since our launch in Malaysia in November 2018.

We are now reducing our US Dollar exposure. There’s a ton of money being “printed” in the economy right now because of the economic stimuli. While many governments are taking economic measures, the US Government and the Federal Reserve have been particularly aggressive. Although the stimuli are in place to prevent a deeper recession, they could also lead to significant depreciation of the USD as the economy gradually recovers. We saw this depreciation happen after the US Federal Reserve introduced quantitative easing in March 2009. Then, the US Dollar depreciated by 21.2% versus the Ringgit between March 2009 and July 2011.

When we made those changes in August 2019, we certainly didn’t foresee a global pandemic in the near future, but as a result of the risk management measures, our portfolios were already braced for the economic uncertainty that preceded and lingers with COVID-19. The exposure to the US Dollar (a key funding currency) is one of the factors that allowed our portfolios to endure March’s market crash.

Decreasing USD exposure
In our re-optimisation in August 2019, ERAA® increased the overall US Dollar exposure across all risk points, taking account of the broad economic uncertainty. ERAA® did this because, as the US Dollar is seen as a safe-haven currency, it tends to appreciate when the markets get more nervous.

article background
We’re Re-Optimising Your Portfolios for Uncertain Times Ahead
Freddy Lim
Freddy Lim
CO-FOUNDER AND CIO

14 May 2020

Though the March market crash was paralysingly fast compared to the 2008 financial crisis, the depth of the market crash was not as pronounced as that of the 2008 recession. This time around, central banks matched the speed of the recent crash with quick economic stimulus packages. The fast responses prevented a steeper and more prolonged market crash as the market quickly priced in an average recession, rather than a deep recession. Still, the depth of the oncoming recession remains unclear for now. With that said, we know that the markets and the economy will eventually recover, though we don’t know what the path to recovery will look like.

Our investment framework, ERAA®, has analysed the latest economic and market data; we are now re-optimising our portfolios to better prepare them for what lies ahead by reducing US Dollar exposure, increasing Chinese exposure, and for some portfolios, increasing exposure to Gold. This is the second time we have re-optimised our portfolios since our launch in Malaysia in November 2018.

Gold ETF

Gold ETF

GOLDETF

GOLDETF

How miscommunication and selfishness hampered America’s COVID-19 response
MICHAEL OLLOVE | PEW/STATELINE | 17 hours ago

China issues stark warning over US destroyer in South China Sea - 'Threat to peace'

Huawei suffers under US pressure

US, China sea tensions hot and getting hotter
US ramps up shows of naval force in China-claimed waters in what increasingly looks like the prelude to an armed conflict
By RICHARD JAVAD HEYDARIAN
AUGUST 20, 2020

Iran shows off new ballistic, cruise missiles as US tensions rise
Tehran routinely unveils technological achievements for its armed forces, space programme, and its nuclear efforts.

Genting Hong Kong shares slump 33pc after heir-controlled cruise operator suspends payments to creditors
Thursday, 20 Aug 2020 01:32 PM MYT

BY YISWAREE PALANSAMY