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Bernstein names its top Asia-Pacific stock picks for the next 6 months
Bernstein names its top Asia-Pacific stock picks for the next 6 months
JD.com’s booth at the China Joy gaming conference in Shanghai on July 30, 2021. The Chinese e-commerce giant is investing heavily in gaming. Arjun Kharpal | CNBC Investment firm Bernstein picked 14 stocks across seven sectors in Asia-Pacific it believes are “particularly attractive” right now. Source link
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Prime News: CNPC Purchases Stake in $22 Billion Oil Venture from Abu Dhabi
Prime News: CNPC Purchases Stake in $22 Billion Oil Venture from Abu Dhabi
China National Petroleum Corp. purchased a stake in Abu Dhabi’s biggest oil concession as the emirate, which holds six percent of global crude reserves, resorts to Asia for investment in order to increase output capacity. Abu Dhabi National Oil Co. granted CNPC an eight percent stake in its onshore venture in exchange for a $1.8 billion signing bonus, according to Adnoc. CNPC will join the Abu…
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Prime News: Nikkei Flat Amid Thin End-of-Year Trade
Prime News: Nikkei Flat Amid Thin End-of-Year Trade
The Nikkei share average index was almost unchanged at 19, 401.70 in mid morning trading amid thin year-end trade. The Japanese stock market is expected to likely remain directionless up to the year end and stay at its current level. The Topix was also flat at 1, 535.71 while the JPX-Nikkei Index was barely unmoved at 13, 774.02. Traders said that developments of certain Japanese firms such as…
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Prime News: OPEC Accord, Weaker Yen Pushes Nikkei Index to 11-Month Highs
Prime News: OPEC Accord, Weaker Yen Pushes Nikkei Index to 11-Month Highs
Japan’s Nikkei share index average rose 2.3% at 18, 722.38 in midmorning trading, as the weaker yen and the strong gains in energy shares after the OPEC’s finalization of an output cut deal boosted the index to 11-month peaks. The broader Topix gained 1.9% to 1,496.80 while the JPX-Nikkei Index 400 added 1.9% to 13,435.89. The expectations of rising inflation on the back of higher oil prices…
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Japanese Stocks Tumble After Nikkei 225 Posts Historic Rally
Japanese Stocks Tumble After Nikkei 225 Posts Historic Rally
Japanese stocks tumbled, after the Nikkei 225 Stock Average posted an historic rally on Wednesday, as U.S. data bolstered the case for a Federal Reserve interest-rate increase. Fast Retailing Co. fell 5 percent, giving back half of Wednesday’s gain. Inpex Corp. dropped 4.5 percent, with energy ex…
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Inpex Corp to take 5% stake in UAE oil concession: Japan
Inpex Corp to take 5% stake in UAE oil concession: Japan
TOKYO: Inpex Corp has signed a 40-year contract to take a 5 percent stake in an oil concession in the United Arab Emirates, Yoichi Miyazawa, Japan’s minister of economy, trade and industry, told reporters on Monday.
The value of the stake was not immediately known. Japanese public broadcaster NHK said earlier it was expected to be worth $1.1 billion.
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