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As a result, Sharenet will unfortunately not be accommodating client meetings at a branch level, for the forceable future. As soon as the situation changes, we will advise you, our valuable clients accordingly.
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Sharenet remains fully operational and should you experience any technical difficulty, rest assured that our superior support staff is ready to assist with any technical queries and can be reached on:
07/07 OPEC member Algeria, facing
financial pressure after a fall in energy revenue, will launch a
new economic plan to reduce reliance on oil and gas and give the
private sector a greater role, the. . .
07/07 Energy-dependent Jordan said a
ten-year plan to expand renewable and oil shale resources will
reduce its reliance on costly foreign fuel imports that burden
its economy and move it towards self-sufficiency.. . .
07/07 Libya's National Oil Corporation
(NOC) said on Tuesday that a forced shutdown in production since
January was expected to result in output dropping to 650,000
barrels per day (bpd) in 2022 from about 1.2. . .
07/07 Abu Dhabi National Oil
Company (ADNOC) plans to boost its oil exports in August, the
first signal that OPEC and its allies are preparing to ease
record oil output cuts next month, three sources. . .
07/07 Israel has pushed back the
creation of a sovereign wealth fund because tax revenue from
natural gas has not yet hit the minimum needed to begin
investing, and fund managers have not yet been. . .
07/07 Coronavirus and the cyclical
slump in petroleum consumption are accelerating a long-term
rationalisation of the global refining industry and a shift
eastwards in its centre of gravity to Asia.. . .
07/07 The ratings agencies Moody's and
S&P said on Tuesday Indonesia's debt monetization would not
affect the country's credit ratings in the short term, but they
are monitoring how the central bank maintains its credibility. . .
07/07 Saudi Arabia is pressing on with
plans to double the size and population of its capital city in
the next decade, a government official said, despite an economic
downturn due to the coronavirus crisis. . .
07/07 Indian shares closed higher
for a fifth straight session on Tuesday, as gains in IT and
beaten down financial companies helped Mumbai's main indexes
outperform other stock markets after a week-long rally.. . .
07/07 Japan on Tuesday warned of more
heavy rain on the southwestern island of Kyushu and bolstered
rescue operations as the death toll in flood-hit areas rose past
50 with about a dozen people reported. . .
07/07 Asian refining margins for 10 ppm gasoil slipped on Tuesday
despite weaker raw material crude prices as traders expect refiners to add fresh supplies to the
market, while concerns about demand due to. . .
07/07 Thailand's household debt level
to gross domestic product (GDP) rose slightly to 80.1% in the
first quarter, the highest level in four years, central bank
data showed, with the trend set to continue as. . .
07/07 A state-endorsed rally in
Chinese stocks has driven share prices to five-year highs,
spurred a retail investor splurge and raised concern among some
market participants about a repeat of 2015's bubble-and-burst
episode.. . .
07/07 Hong Kong shares fell on Tuesday as a
rally that pushed the city's benchmark index sharply higher over
four days lost steam, with investors booking profits from recent
** At the close of trade,. . .
07/07 Malaysia's central bank cut
its key interest rate for the fourth straight meeting to a
record low as policymakers sought to support a budding recovery
in Southeast Asia's third largest economy, which has been
battered. . .
07/07 Japanese stocks ended lower on
Tuesday after domestic household spending dropped at the fastest
pace on record in May due to the coronavirus lockdown, although
heavyweight SoftBank Group's sharp gains helped stem
the benchmark's losses.. . .
07/07 Chinese blue-chip shares rose
for a sixth straight day to close at a more than five-year high
on Tuesday, as retail investors rushed to join an officially
sanctioned bull market, but stocks pared gains. . .
07/07 Malaysia's flagship
budget carrier AirAsia Group Bhd expects its 2020
capacity to be just 45%-60% of last year's levels due to the
coronavirus outbreak and to fill 70-75% of seats this year
compared with the. . .
07/07 Japan's household spending fell at
the fastest pace on record in May, as consumers heeded
authorities' calls to stay home to contain the coronavirus
pandemic, pushing the world's third-largest economy deeper into
decline.. . .
07/07 Japanese households were the most
pessimistic about the economy in more than a decade in the three
months to June, a central bank survey showed on Tuesday,
underscoring the devastating impact the coronavirus pandemic. . .
07/07 An investigation into a
deadly gas leak at a South Korean-owned chemical plant in
southern India that killed 12 people in May recommended the
factory be moved away from inhabited areas, according to its
full. . .
07/07 A Chinese share rally extended
into its sixth day on Tuesday, as retail investors rushed to
join an officially sanctioned bull market, but stocks in Hong
Kong paused as investors consolidated gains.. . .
07/07 Japanese shares edged lower on
Tuesday after data showed that domestic household spending had
dropped at the fastest pace on record in May during the
coronavirus-led lockdown, pushing the world's third-largest
economy deeper into decline.. . .
07/07 Philippine inflation picked up
faster than expected in June as economic activity gradually
resumed with the easing one of the world's longest coronavirus
lockdowns, driving food and fuel prices as well as the transport
index. . .
07/07 As soon as Hong Kong's new
national security law came into force last week, Ivan Ng removed
all the protest-themed paintings, posters and flags from the
list of items for sale at his Onestep. . .
06/07 Gold on Monday edged toward a near 8-year
high hit last week as a spike in coronavirus cases kept safety
demand elevated, although robust equities and positive U.S.
services sector data limited the metal's. . .
06/07 Bank of Israel Governor Amir
Yaron said risks to the economy were rising due to a resurgence
in COVID-19 cases, but the central bank opted to focus on
calming financial markets and ensuring the. . .
06/07 Malaysia's flagship budget
carrier AirAsia Group Bhd on Monday reported a
first-quarter loss, battered by a collapse in air travel demand
resulting from the coronavirus pandemic, as well as losses on a
fuel hedges settlement.. . .
06/07 Kenya's President Uhuru Kenyatta
announced on Monday a phased reopening of the country from a
COVID-19 lockdown, lifting restrictions on travel in and out of
the capital Nairobi and allowing air travel to resume.. . .
06/07 Asia's cash discounts for jet
fuel narrowed on Monday amid hopes for firmer aviation demand in
coming months though traders remained worried the market would
stay under pressure as long as international travel. . .
06/07 Indian shares closed higher on
Monday, jumping aboard a China-driven rally in global shares,
with HDFC Bank Ltd gaining after it reported strong
loan growth through the first months of the COVID-19 crisis.. . .
06/07 The central Chinese city of
Wuhan, epicentre of the new coronavirus pandemic, raised its
flood alert level on Monday as torrential rain and thunderstorms
battered swathes of the country, including the Yangtze river on
which. . .
06/07 Hong Kong shares closed at a more than
four-month high on Monday, tracking equities in the mainland
that rose on hopes of a faster economic recovery, Beijing's
continued reforms in the capital markets and. . .
06/07 China stocks closed higher for
a fifth straight session on Monday, extending a robust rally,
led by financial shares on hopes of a quick economic recovery,
Beijing's continued reforms in the capital markets and. . .
06/07 The moderate Islamist party Ennahda will review its stance on Tunisia's coalition government over an alleged conflict of interests involving Prime Minister Elyes Fakhfakh, the party said on Sunday.. . .
06/07 Japanese shares rose on Monday as
signs of an economic rebound in China boosted shippers and
steelmakers, while worries over a spike in COVID-19 cases in
some U.S. states were offset by prospects of. . .
06/07 Malaysia's palm oil
inventories in June likely fell about 5% from May as a recovery
in demand from key importers due to the easing of
coronavirus-fuelled curbs lifted exports to a 10-month high.. . .
06/07 In a world reshaped by
coronavirus, China needs further share market gains to fund a
rapidly developing digital economy and strengthen its hand in
intensifying power rivalries, state media said on Monday.. . .
06/07 Japanese government bonds dipped
on Monday as hopes of a solid economic recovery in China boosted
investors' risk sentiment and lifted regional stock prices ahead
of a crucial 30-year debt auction.. . .
06/07 Indonesian beauty startup
Social Bella, which operates beauty e-commerce platform
Sociolla, said on Monday it had raised $58 million from its
existing investors, including Singapore state-investor Temasek
.. . .
06/07 Nearly 40 people were feared dead
as torrential rains continued to hit Japan's southwestern island
of Kyushu, with river banks at risk of bursting on Monday
morning and new evacuation orders put in. . .
06/07 Japanese shares rose on Monday as
signs of an economic rebound in China boosted shippers and
steelmakers, while investor concerns about a spike in U.S.
COVID-19 cases were offset by prospects of policy support. . .
06/07 SoftBank Group Corp
has no plans to increase board oversight of its $100
billion Vision Fund, two sources said, disregarding calls from
activist investor Elliott Management and signalling governance
reforms have stopped short of the. . .
05/07 China recorded eight new
coronavirus cases for July 4, up from with three a day earlier,
the national health authority said on Sunday, while city
officials in Beijing said nearly all the cases in. . .
05/07 Books by prominent Hong Kong
pro-democracy figures have become unavailable in the
Chinese-ruled city's public libraries as they are being reviewed
to see whether they violate a new national security law, a
government department said. . .
04/07 Workers at Bajaj Auto,
India's biggest exporter of motorbikes, are demanding the
temporary closure of one of its plants after 250 employees there
tested positive for coronavirus, its unions said on Saturday, as
companies struggle. . .
04/07 China's Ministry of
Agriculture and Rural Affairs said on Saturday that the
so-called "G4" strain of swine flu virus is not new and does not
infect or sicken humans and animals easily, rebuffing a. . .
04/07 Chinese regulators
adopted shock and awe tactics on Saturday to target misbehaving
shareholders of banks and insurers by naming and shaming 38
corporate investors for having "gravely" violated rules and laws
in their first such. . .
03/07 Thailand's coalition government
survived a key challenge on Friday when parliament passed the
first reading of a $106 billion draft budget bill for the 2021
fiscal year, aimed at reviving an economy battered by. . .
03/07 Thailand expects to generate
1.23 trillion baht ($39.5 billion) in tourism revenue this year,
mainly driven by local holiday makers, the tourism minister said
on Friday, after a drop in international tourism due to. . .
03/07 Indian shares ended at near
four-month highs on Friday, boosted by Reliance Industries Ltd
after Intel Corp agreed to invest in the
Asian conglomerate's digital unit, although a record spike in
domestic COVID-19 cases curbed. . .
03/07 Japan's industry ministry said on
Friday it has identified 10 areas as potentially suitable for
development of offshore wind farms, four of which were
designated "promising areas", as it started a second round of
the. . .
03/07 Philippine fiber broadband
services provider Converge ICT Solutions Inc, on Friday filed
for an initial public offering (IPO) of up to 35.92 billion
pesos ($725 million) on the local bourse, braving volatile
markets amid the. . .
03/07 Indian tech and entertainment
firms are looking to capitalise on sudden opportunities arising
from a government ban on Chinese owned apps, including the
wildly popular TikTok, with one rival video app saying it. . .
03/07 Indonesia's anti-trust watchdog
announced fines totalling more than $3 million for Grab and its
business partner after finding it guilty of breaking
anti-monopoly laws, a verdict the ride-hailing firm vowed to
appeal.. . .
03/07 Hong Kong stocks ended higher on Friday
to post their best weekly gain in one month, as investors
reckoned that Beijing's new security law will benefit local
markets and lead to more listings by. . .
03/07 Japan's government's bond issuance
was 500 billion yen less than earlier planned in the fiscal year
that ended on March 31, the Ministry of Finance said on Friday,
after closing the books on the. . .
03/07 Global supply of fuel oil,
used by ships and power plants, is expected to grow in the third
quarter, depressing the marine fuel market as shipping demand
remains weak, analysts and trade sources said.. . .
03/07 Surging volumes, massive margin
borrowings and a deluge of foreign money this week in China's
stock markets are pointing to another sizable run-up in share
prices in the second half of 2020.. . .
03/07 Taiwan's exports in June are
likely to have dropped 3%, compared with a year earlier, as the
COVID-19 pandemic continues to hit global demand for the
island's electronics exports, a median forecast of 13. . .
03/07 China stocks rose for a fourth
straight session on Friday, with the blue-chip index scaling a
five-year high on hopes of recovery in the world's second
largest economy as Beijing rolled out more stimulus.. . .
03/07 Japan's Government Pension
Investment Fund (GPIF), the world's largest pension fund, on
Friday reported a record quarterly loss of 17.71 trillion yen
($164.74 billion) in January-March after global stock markets
plunged during the COVID-19 pandemic.. . .
03/07 Japanese stocks ended higher on
Friday as strong U.S. jobs data provided assurance that recovery
in the world's largest economy was well under way, though
investors remained cautious as Tokyo reported a spike in
COVID-19. . .
03/07 Oman is seeking a $2 billion
bridge loan from international and regional banks, a source
familiar with the matter said on Friday, confirming a report by
LPC, a fixed income news service owned by. . .
03/07 Japan's Financial Services Agency
head, Toshihide Endo, said on Friday the priority for the
country's private financial institutions now was to give firms
some "breathing space" by supporting their funding.. . .
03/07 Malaysia's central bank is
expected to cut interest rates to a historic low next week,
according to a slim majority in a Reuters poll, as it seeks to
protect Southeast Asia's third largest economy. . .
03/07 China's services sector expanded
at the fastest pace in over a decade in June as the easing of
coronavirus-related lockdown measures revived consumer demand, a
private survey showed on Friday, though companies continued to
shed. . .
03/07 India's crippled services
industry, the lifeblood of economic growth and jobs, contracted
sharply in June as an extended lockdown imposed to stop the
spread of the coronavirus stalled business activity, a private
sector survey showed.. . .
03/07 The Beijing-backed Asian
Infrastructure Investment Bank (AIIB) said on Friday it would
lend $500 million to two development banks in Turkey, to help
ease liquidity issues caused by the COVID-19 pandemic.. . .
03/07 Japanese shares edged up on
Friday as U.S. jobs data provided assurance that recovery in the
world's largest economy was well under way, though investors
maintained a cautious stance a day after Tokyo reported. . .
03/07 Japan's services sector extended
activity declines for a fifth straight month in June, although
the pace of contraction slowed significantly after a nationwide
state of emergency was lifted, easing disruptions to businesses.. . .
02/07 China's largest broker Citic
Securities Co Ltd and smaller rival China Securities
Co Ltd (CSC) said on Thursday they were not aware of
any information about a merger plan, following a media report
they had. . .
02/07 A flourishing first half for
emerging market debt issuance is expected to continue, with
worries among some investors about a risk of oversupply eased by
Ukraine's cancellation of a $1.75 billion Eurobond.. . .
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