Trading Business – Dinamika Trade http://dinamikatrade.com/ Tue, 17 May 2022 10:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://dinamikatrade.com/wp-content/uploads/2021/06/icon.png Trading Business – Dinamika Trade http://dinamikatrade.com/ 32 32 Gasum Expands Negotiation Capabilities with Hansen https://dinamikatrade.com/gasum-expands-negotiation-capabilities-with-hansen/ Tue, 17 May 2022 10:00:00 +0000 https://dinamikatrade.com/gasum-expands-negotiation-capabilities-with-hansen/ Melbourne, Australia–(BUSINESS WIRE)–Hansen Technologies (ASX: HSN) is pleased to announce the expansion of its partnership with Gasum. As part of the agreement, Gasum, one of the largest energy market service providers in the Nordic region, will further expand its use of Hansen Trade to new business solutions. The agreement builds on the encouraging benefits from […]]]>

Melbourne, Australia–(BUSINESS WIRE)–Hansen Technologies (ASX: HSN) is pleased to announce the expansion of its partnership with Gasum. As part of the agreement, Gasum, one of the largest energy market service providers in the Nordic region, will further expand its use of Hansen Trade to new business solutions. The agreement builds on the encouraging benefits from intraday and day-ahead trading, as well as the regulation of power market operations, with Hansen Trade.

The new agreement will add the Intraday Trading for Asset Optimization module, as well as the FCR+FFR module and the Market Transaction Monitoring module to the current Hansen Trade capabilities operated by Gasum – enabling Gasum to leverage best-in-class automated systems to deliver results beneficial, by implementing contactless automation to replace costly manual intervention, minimizing risk in the real-time intraday market, and optimizing trading operations in the day-ahead and intraday markets.

Jouni Liimatta, Head of Trading, Gasum Ltd, commented: “With a successful relationship already in place with Hansen, it was an easy decision for us to further expand the existing scope to encompass new trading solutions. Today’s volatile power markets require market participants to market be able to operate in all markets and capitalize on all value opportunities.With Hansen Trade, we can further automate our trade business processes and provide new value-added services to our customers. electricity are changing rapidly and it is imperative that we help our customers succeed in this changing business environment.

John May, Division President, Energy and Utilities, Hansen Technologies, said: “Our new agreement with Gasum is another resounding reminder of the success Hansen Trade continues to see with several major energy market players in the Nordic region, as well as its versatile modular approach that enables our valued customers to meet to a variety of market complexities.Amid an ever-changing landscape and broader transition to greener energy sources, Hansen Trade will enable Gasum to automate critical business operations with a modern and robust native cloud trading.

Run as a cloud-based SaaS solution, Hansen Trade fully meets the flexibility and scalability requirements of the evolving energy trading market.

For more information about Hansen Technologies, please visit www.hansencx.com.

About Hansen Technologies

Hansen Technologies (ASX: HSN) is one of the world’s leading providers of software and services for the energy, water and communications industries. With its award-winning software portfolio, Hansen serves more than 600 customers in more than 80 countries, helping them create, sell and deliver new products and services, manage and analyze customer data and control critical revenue management processes. and customer support.

For more information, visit www.hansencx.com

About Gasum

Gasum is a Nordic expert in the gas sector and the energy market. Gasum offers cleaner energy and expert energy market services for industry and for combined heat and power, as well as cleaner fuel solutions for road and maritime transport. The company helps its customers to reduce their own carbon footprint as well as that of their end customers. Together with its partners, Gasum promotes development towards a carbon neutral future on land and at sea.

For more information, visit www.gasum.com

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2 Sikh traders killed in northwest Pak; Prime Minister Sharif calls it a ‘terrorist attack’ https://dinamikatrade.com/2-sikh-traders-killed-in-northwest-pak-prime-minister-sharif-calls-it-a-terrorist-attack/ Sun, 15 May 2022 17:42:00 +0000 https://dinamikatrade.com/2-sikh-traders-killed-in-northwest-pak-prime-minister-sharif-calls-it-a-terrorist-attack/ Two Sikh businessmen were shot dead by Islamic State terrorists in northwest Pakistan on Sunday, the latest targeted attack on members of the minority community in Afghanistan’s restive border province. Kanwaljeet Singh, 42, and Ranjeet Singh, 38, died at the scene after being attacked by two assailants on bicycles in the morning […]]]>

Two Sikh businessmen were shot dead by Islamic State terrorists in northwest Pakistan on Sunday, the latest targeted attack on members of the minority community in Afghanistan’s restive border province.

Kanwaljeet Singh, 42, and Ranjeet Singh, 38, died at the scene after being attacked by two assailants on bicycles in the morning in the Bata Tal bazaar of Sarband, Peshawar, the capital of the northwestern province of Khyber Pakhtunkhwa , according to the police.



The assailants fled after carrying out the attack.

The victims were in the spice trade and had shops in the Bata Tal bazaar in Sarband, about 17 km from Peshawar.

The Islamic State’s (ISKP) Khorasan unit claimed through its propaganda news service “Amaaq” that it carried out the attack on two Sikhs in Peshawar. The ISKP is an affiliate of the Islamic State (IS) active in South Asia and Central Asia.

The counter-terrorism department has registered a case of the murder of the two Sikh men, Saddar Police Superintendent Aqiq Hussain told Geo News.

“The incident appears to be a terrorist attack. CCTV footage will be acquired and the suspects will be arrested soon,” he said.

A large number of angry Sikh protesters blocked the Peshawar-Islamabad road in front of Qila Bala Hissar to register their protest against the killing. They held placards against the brutal killings and shouted slogans – “Stop the targeted killings”, “We want justice”.

Prime Minister Shehbaz Sharif strongly condemned the incident and ordered Khyber Pakhtunkhwa Chief Minister Mahmood Khan to ensure the immediate arrest and punishment of the culprits. He also ordered a high-level investigation into the incident.

“Strongly condemn the murder of our Sikh citizens in Peshawar, KP. Pakistan belongs to all its people. I have ordered a high level investigation to establish the facts. The killers will be arrested and meted out with exemplary punishment. My deepest condolences to bereaved families,” he tweeted.

He urged the chief minister to take measures for the protection of life and property of citizens, especially non-Muslims.

He observed that enmity with Pakistan was the reason for this act of terrorism and decided to eliminate the enemies of the country, according to the report.

Interior Minister Rana Sanaullah criticized the Khyber Pakhtunkhwa government for the attack and demanded a report from the province’s chief secretary and inspector general of police.

“The KP government has failed terribly to protect minorities,” Sanaullah said, pointing to past incidents of violence against Sikhs in the province.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Thai companies visit Saudi Arabia for official trade mission https://dinamikatrade.com/thai-companies-visit-saudi-arabia-for-official-trade-mission/ Fri, 13 May 2022 23:33:00 +0000 https://dinamikatrade.com/thai-companies-visit-saudi-arabia-for-official-trade-mission/ Sanan Angubolkul, President of the Thai Chamber of Commerce The Thai Chamber of Commerce is to lead business delegations to Saudi Arabia for the first time in 32 years from May 15-18 to restore trade and investment relations. According to Sanan Angubolkul, speaker of the chamber, the business sector will join the official Thai trade […]]]>

Sanan Angubolkul, President of the Thai Chamber of Commerce

The Thai Chamber of Commerce is to lead business delegations to Saudi Arabia for the first time in 32 years from May 15-18 to restore trade and investment relations.

According to Sanan Angubolkul, speaker of the chamber, the business sector will join the official Thai trade mission led by Foreign Minister Don Pramudwinai on visits to Riyadh, Al-‘Ula and Jeddah.

Some 38 top Thai business executives from different sectors including agriculture, food, energy, chemicals, real estate, building materials, automotive, aerospace, technology, digital, gemstones and jewelry, tourism and services, healthcare, consumer products and construction, are expected to join the trade mission.

The visit follows Prime Minister Prayut Chan-o-cha’s visit to Saudi Arabia in January this year, and the subsequent agreement between Thailand and Saudi Arabia to fully restore diplomatic relations after a further freeze. of three decades.

According to Sanan, on Monday, the Thai Foreign Ministry and Saudi Arabia’s Investment Ministry will host the Saudi-Thailand Investment Forum, allowing the private sectors of the two countries to strengthen cooperation and relations in the field. of trade and investment.

A memorandum of understanding is to be signed by the governments and private sectors of the two countries, including between the Thai Chamber of Commerce and its Saudi counterpart, to explore opportunities and the possibility of establishing joint ventures.

Business-to-business meetings are scheduled for Monday afternoon to provide a forum for businesses from various sectors in both countries to meet and discuss trade deals.

Saudi Arabia is Thailand’s second largest market in the region after Turkey.

In 2021, trade totaled 241 billion baht. Of the total, exports accounted for 53.9 billion baht and imports 187 billion.

The Thai chamber expects exports to Saudi Arabia to reach 2.2% of the total value of shipments, compared to a marginal 0.6% of total exports, once the two countries resume trade relations.

Promising export products include automobiles and auto parts, foods and processed foods, machinery and electrical equipment, Sanan said.

The latest study from the Ministry of Commerce predicts that bilateral trade between Thailand and Saudi Arabia will reach 280 billion baht in 2022, up 20.3% from the previous year. Of the total, exports are expected to account for 54.7 billion baht, up 6.2%, with imports valued at 226 billion, up 24.3%.

The Eastern Economic Corridor (EEC) office is expected to join the trade mission, showcasing the EEC’s first overseas roadshow since the outbreak of the pandemic.

According to Kanit Sangsubhan, secretary general of the UNECE office, the agency wants to explain the potential of the corridor to Saudis, with targeted investments in high technology, R&D, tourism and services, as well as easy access to markets. export from Cambodia. , Laos, Burma and Vietnam.

Investors can establish a production base in Thailand to supply Asian markets or establish a regional headquarters here, he said.

Kanit said Thailand aims to attract investment from all sectors of Saudi Arabia, including smart automobiles and energy, as well as cooperation in human resource development.

Saudi Arabia is considered to have strong overseas investment potential, with an investment fund worth more than $1 trillion, he said.

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Actions turn, close; yields fall after US inflation data https://dinamikatrade.com/actions-turn-close-yields-fall-after-us-inflation-data/ Wed, 11 May 2022 23:45:00 +0000 https://dinamikatrade.com/actions-turn-close-yields-fall-after-us-inflation-data/ NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and investors worried. of a potential economic slowdown. US stock indices traded higher and lower during the volatile session as investors looked to US inflation data for clues to the Federal […]]]>

NEW YORK, May 11 (Reuters) – Wall Street stocks closed sharply lower and Treasury yields fell in Wednesday’s volatile session as oil prices rallied and investors worried. of a potential economic slowdown.

US stock indices traded higher and lower during the volatile session as investors looked to US inflation data for clues to the Federal Reserve’s rate hike path.

US data showed higher-than-expected core inflation, excluding things like oil prices. Some investors seemed encouraged by the annual change in consumer price growth to 8.3% in April from 8.5% in March, although it was higher than analysts’ estimate of 8.1%. Read more

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While some investors were encouraged by the year-over-year improvement, others noted that inflation was still scorching and this was evidenced by the rally in oil futures.

“This is a concern about a recession. The inflation numbers we got this morning were not good, worse than expected… There are high food prices and higher inflation numbers. more concerns are going to be sticky on the high side,” said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder.

The strategist also pointed to the flattening of the yield curve, referring to the difference between long-term and short-term Treasury yields as a worrying sign.

“We have a very flat yield curve that is flirting with inversion. It scares traders off about the prospects of a recession. There are too many investors who think the Fed can stage a soft landing. more and more doubtful.

The Dow Jones Industrial Average (.DJI) fell 326.63 points, or 1.02%, to 31,834.11, the S&P 500 (.SPX) lost 65.87 points, or 1.65%, to 3,935.18 and the Nasdaq Composite (.IXIC) fell 373.44 points, or 3.18%, to 11,364.24.

The S&P closed at its lowest level since March 25, 2021 and 18% below its January 3 high. The Nasdaq lagged its peers sharply as interest rate-sensitive growth sectors technology (.SPLRCT) and consumer discretionary (.SPLRCD) underperformed the rest of the market, also closing down. more than 3%.

The MSCI Global Stocks Gauge (.MIWD00000PUS) lost 0.88%, posting its lowest close since November 2020.

Earlier, Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, had his glass half full by pointing out that inflation, while still elevated, appeared to be starting to moderate.

“At the end of the day, we can be all excited about whether it’s a little higher or a little lower, but clearly the year-over-year inflation rate has come down and seems to have peaked in March. It seems to have turned the corner,” he said.

The US dollar first gained ground after the inflation news, then fell, but edged higher late in the session. Read more

The dollar index, which measures the greenback against a basket of major currencies, was 0.067%, with the euro down 0.13% at $1.0513.

The Japanese yen strengthened 0.35% against the greenback to 129.97 to the dollar, while the pound last traded at $1.2245, down 0.62% on the day.

At the start of trading, yields on benchmark 10-year Treasuries had fallen to their lowest levels in a week. But after the inflation data, yields rallied to the three-year high of 3.203% hit on Monday before falling back.

Benchmark 10-year notes last rose 20/32 to 2.9148%, down from 2.993% on Monday night. The 30-year bond last rose 57/32 to 3.026% from 3.129%, while the 2-year bond last fell 1/32 to 2.6371%, against 2.623%. [nL2N2X31QZ]

“The volatility of all markets is really something, the bullwhip aspect of the day,” said Lou Brien, market strategist at DRW Trading. “You see a bit of a flight to safety and maybe the idea that even with the CPI today we’re going to flatten the curve again.”

Oil prices rose on Wednesday after Russian gas flows to Europe plummeted and Russia sanctioned some European gas companies, adding to uncertainty in global energy markets.

U.S. crude oil futures settled at $105.71 a barrel, up $5.95 or 5.96%, while Brent oil futures settled at $107.51 per barrel up $5.05 or 4.93%.

Spot gold added 0.8% to $1,852.79 an ounce. [nL3N2X32VB]

(This story corrects errors in paragraph 2.)

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Reporting by Sinéad Carew, Herb Lash and Caroline Valetkevitch in New York, Danilo Masoni in Milan, Sujata Rao in London and Alun John in Hong Kong, Editing by William Maclean, Tomasz Janowski, Angus MacSwan and David Gregorio

Our standards: The Thomson Reuters Trust Principles.

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SCGM slips in morning trade on proposal to dump core business https://dinamikatrade.com/scgm-slips-in-morning-trade-on-proposal-to-dump-core-business/ Tue, 10 May 2022 01:49:00 +0000 https://dinamikatrade.com/scgm-slips-in-morning-trade-on-proposal-to-dump-core-business/ KUALA LUMPUR: SCGM BhdThe share price fell on Tuesday morning following an announcement that it planned to divest its entire core business for RM544.38 million in cash. As of 9:32 a.m., the stock was down eight sen or 3.36% at RM2.30 on the back of almost five million shares traded. Trading in the plastic packaging […]]]>

KUALA LUMPUR: SCGM BhdThe share price fell on Tuesday morning following an announcement that it planned to divest its entire core business for RM544.38 million in cash.

As of 9:32 a.m., the stock was down eight sen or 3.36% at RM2.30 on the back of almost five million shares traded.

Trading in the plastic packaging maker’s shares was suspended on May 9 in light of the important announcement.

In a filing with Bursa Malaysia, the group said it had entered into a contingent share sale agreement with Mitsui & Co Ltd and FP Corp for the proposed sale of 100% stake in Lee Soon Seng Plastic Industries (LSSPI ).

Of the stake, 60% will go to Muitsui while 40% will be purchased by FPCO.

SCGM expects the exercise to be completed by 3Q22 pending approvals of at least 75% of the total number of issued shares held by SCGM shareholders at an extraordinary general meeting.

On the divestiture, SCGM proposed to distribute RM69.3 million or 36 sen per share to shareholders via a capital reduction and redemption exercise and an indicative dividend of RM356.2 million or RM1.86 per share. stock.

SCGM has also entered into a conditional sale and purchase agreement to transfer three plots of land along with a factory building and other ancillary buildings in Johor for a total cash consideration of RM18.8 million.

In its company update, Kenanga Research said the disposal consideration translates to RM2.83 per share, which is above its previous target price of RM2.34.

“The premium valuation – which implies an EV/EBITDA of 10.6x and a PER of 16.0x based on LSSPI’s historical financial data for the April 2021 fiscal year – provides a timely exit opportunity for shareholders. of SCGM.

“As such, we believe the deal will likely obtain the necessary shareholder approvals,” he said.

The research firm, which stands by its guidance pending completion of the deal, said it believes the sale should allow SCGM to unlock its investment in LSSPI and reward existing shareholders.

He maintained his “market performance” recommendation on the stock with a new target price of RM2.53.

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Canada and the United States seek ‘friendly’ trade partners in a perilous world https://dinamikatrade.com/canada-and-the-united-states-seek-friendly-trade-partners-in-a-perilous-world/ Sat, 07 May 2022 08:00:00 +0000 https://dinamikatrade.com/canada-and-the-united-states-seek-friendly-trade-partners-in-a-perilous-world/ US Trade Representative Katherine Tai visited Canada this week – a two-day, two-city visit with International Trade Minister Mary Ng meant to show the closeness of Canada-US relations. Two countries that share the same democratic values ​​in a tumultuous world. Two governments have pledged to expand trade. Neighbors. The partners. Friends. There are of course […]]]>

US Trade Representative Katherine Tai visited Canada this week – a two-day, two-city visit with International Trade Minister Mary Ng meant to show the closeness of Canada-US relations.

Two countries that share the same democratic values ​​in a tumultuous world. Two governments have pledged to expand trade. Neighbors. The partners. Friends.

There are of course sticking points. The Americans want Canada to respect a decision on the allocation of duty-free dairy products from the United States. Canada wants the Biden administration to avoid any protectionist measures as both countries ramp up production of zero-emission vehicles.

In an interview broadcast this weekend on CBC The House, Ng said she believes the two countries are united in recognizing the value of the automotive industry’s integrated supply chain. She noted that she and Tai visited a GM plant in the Toronto area where these next-generation vehicles are being developed.

International Trade Minister Mary Ng, right, looks on as U.S. Trade Representative Katherine Tai responds to a question during a joint press conference in Ottawa on May 5, 2022. (Adrian Wyld/The Canadian Press)

“And here what you see is an American company that has some of its most significant research and development, certainly in autonomous vehicles and electric vehicles, anchored here in Canada,” she said. .

“It’s an example of the collaboration, the industry collaboration in the automotive sector that’s already happening. And, you know, we really plan to continue to explore those opportunities not just in the automotive sector, but in, you know, in a range of clean energy sectors between Canada and the United States.

Canada relies heavily on this trade relationship with the United States. This is particularly important in the context of a new global disorder emerging after Russia’s invasion of Ukraine, and with a more aggressive China cracking down on democratic dissent in Hong Kong and maintaining heavy pressure on Taiwan.

A man walks past a destroyed building in Mariupol, Ukraine, Wednesday, May 4, 2022. Russia’s invasion of Ukraine is one of many destabilizing factors encouraging Western nations to trade with friendly partners. (Alexei Alexandrov/Associated Press)

This mess has led to a push trade experts have called “friend-shoring” – efforts to find suppliers based in Western countries.

“And that means instead of going overseas and doing business all over the world…you’re either going to relocate to your home country. [or] friend with countries that share your values,” said former Conservative Party aide Adam Taylor, who now runs the consultancy firm Export Action Global in Ottawa.

“And we’re going to see more.”

No ‘God-given right’ to US trade

It looks like a win-win for Canada. The United States is already Canada’s largest trading partner. But Scotty Greenwood, CEO of the Canadian American Business Council, warns that access to the US market should not be taken for granted.

“Canada does not have a constitutional, God-given right to access the U.S. market at any time, on its own terms. Canada must establish its relevance in the global economy and with its partners in order to have influence he wants to negotiate,” Greenwood said. The House when asked if there was growing protectionist sentiment under President Joe Biden.

“So the question is not, ‘Is the United States a reliable partner?’ The question is, how can the United States and Canada sit down and do business together, and I think Canada has made a very credible case for why our economies are integrated. also part, [about] why it is in the interest of the United States to build together and not erect these barriers against each other. But it’s an ongoing and constant struggle.”

The other question is whether the two countries should take the same approach to autocratic regimes like China.

CBC News: The House12:13Democracies that trade together, stay together

International Trade Minister Mary Ng discusses the idea of ​​trade and production “among friends” in democracies, while trade experts Adam Taylor and Maryscott Greenwood present their views on the evolution of the global business environment. 12:13

The “risk” of trading with autocracies

To help ease inflationary pressures, the Biden administration is considering lifting punitive tariffs imposed on Chinese goods during Donald Trump’s tenure.

During a press conference with Ng in Ottawa, Tai was asked whether the two countries should trade with autocratic regimes.

“We take risk and how we manage risk in global supply chains very seriously. It’s a big part of the conversation between us,” she said. “When it comes to autocracies, there is a particular risk that we realize in terms of business relationships that … have a higher risk profile.”

Statistics Canada reported this week that Canada’s exports to China increased by 14% between 2020 and 2021, a period that covered the illegal detention of Canadians Michael Spavor and Michael Kovrig. Coal exports paved the wayeven though Canada is committed to doing more to reduce greenhouse gas emissions.

Coal helped boost Canada’s exports to China from 2020 to 2021. (Istock)

“Well, we are committed to promoting human rights around the world. We are committed to helping businesses grow, especially to grow in green economies,” Ng said. The Housepointing to Tai’s visit as a signal that Canada is actively engaged in building reliable supply chains with like-minded countries.

“We are seeing record trade volumes with the Europeans. We are seeing $1 trillion – the highest trade we have ever had with the United States in the past year.”

Canada is also leading efforts to reform the World Trade Organization to support more rules-based trading relationships, Ng said.

Trade has not changed Russia, China: Taylor

“I think Canadians are looking to us, and that’s certainly the work I’m doing, advocating, promoting and supporting rules-based trade and working to solidify the supply chains that Canadians rely on. expect of us, and especially in an area where we have the power to build for the planet and for people.”

Taylor said that while Ng deserves credit for his leadership at the WTO, the long-standing liberal position that engagement with countries like China and Russia allows Canada to push for human rights. rights and other reforms is now outdated.

“Russia has been part of the WTO for about 10 years. And there have been no demonstrable political and social freedoms in this country,” he said. “The same with China.”

Ng said this is one of the main reasons Canada continues to seek new trading partners in Asia and promote friend-shoring to strengthen existing supply chains in North America and in Europe.

It is about extracting more value from these shared values.

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MonetaGo Named Best Fintech Startup in Trade by Global Trade Review https://dinamikatrade.com/monetago-named-best-fintech-startup-in-trade-by-global-trade-review/ Thu, 05 May 2022 10:00:00 +0000 https://dinamikatrade.com/monetago-named-best-fintech-startup-in-trade-by-global-trade-review/ LONDON & SINGAPORE & NEW YORK–(BUSINESS WIRE)–Financial Technology Solutions Provider MonetaGo was voted “best fintech start-up in trade” by Global Trade Review. The annual GTR Leaders in Trade Awards recognize the achievements of pioneering and top-performing institutions in the trade, commodities, supply chain, export finance and fintech markets. This award recognizes MonetaGo’s systematic progress in […]]]>

LONDON & SINGAPORE & NEW YORK–(BUSINESS WIRE)–Financial Technology Solutions Provider MonetaGo was voted “best fintech start-up in trade” by Global Trade Review.

The annual GTR Leaders in Trade Awards recognize the achievements of pioneering and top-performing institutions in the trade, commodities, supply chain, export finance and fintech markets.

This award recognizes MonetaGo’s systematic progress in helping the industry make trade finance faster, better and safer for all bona fide financiers and borrowers, as a global provider of trade finance deduplication technology . In its award submission, MonetaGo was able to demonstrate the track record and maturity of its solution, and how it has built credibility with leading global financial institutions through numerous industry partnerships, including the integration of its secure funding system. on Swift’s global API-enabled infrastructure. as a single point of access for financial institutions worldwide.

“This award is further testament to our tireless efforts to combat fraud in order to dramatically improve the trade finance experience for lenders and their clients,” says Jesse Chenard, CEO and Founder of MonetaGo. “By removing information barriers among and between banks, platforms and regional solutions, MonetaGo helps prevent double-funding fraud on a global scale in a way that was not possible before. It is an honor to have been recognized by GTR for our work.

This recognition follows previous distinctions for the secure funding system. Most recently, it was recognized as Best Trade Finance Solution at AMTD DigFin Innovation Awards during Hong Kong Fintech Week 2021, and Most Effective Bank-Fintech Partnership at IBS Intelligence Global Fintech Innovation Awards 2021.

A full description of the Leaders in Trade winners will appear in the Q3 2022 issue of GTR.

About MonetaGo

MonetaGo provides the world’s first-ever solution against duplicate funding fraud in trade finance, and is the world’s first provider of this technology to prevent domestic and cross-border duplicate funding.

MonetaGo’s secure finance system has proven itself in production, being operational since March 2018 with strong transaction throughput.

For more information, visit www.monetago.com.

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Growth and jobs | Business and trade will benefit from the INQ | News https://dinamikatrade.com/growth-and-jobs-business-and-trade-will-benefit-from-the-inq-news/ Tue, 03 May 2022 05:07:06 +0000 https://dinamikatrade.com/growth-and-jobs-business-and-trade-will-benefit-from-the-inq-news/ Jamaica is one of the leading countries in the Caribbean to establish a strong National Quality Infrastructure (NQI). The NQI is a national framework by which goods and services produced and marketed in the country are declared fit for consumption or use in the market. One of the entities that makes his work possible is […]]]>

Jamaica is one of the leading countries in the Caribbean to establish a strong National Quality Infrastructure (NQI).

The NQI is a national framework by which goods and services produced and marketed in the country are declared fit for consumption or use in the market.

One of the entities that makes his work possible is the Bureau of Standards Jamaica (BSJ), which plays a unique role in helping local businesses grow and trade.

YSB communications and customer service manager Maxine Fagan said “we have recognized the importance of providing support as we seek to improve businesses and execute on our mandate and role as an important player. in Jamaica’s National Quality Infrastructure”.

The INQ consists of four pillars, three of which are covered by the services offered by the office. These include standards development, conformity assessment and metrology. Accreditation, the fourth pillar, is offered by the Jamaica National Accreditation Agency.

YSB currently offers over 200 services, including laboratory services, non-laboratory services and industry support programs.

Fagan emphasized that “BSJ, as a facilitator, supports all sectors of the industry in our continued efforts to foster an appreciation of standards and, more importantly, the use of standards. We encourage businesses to engage with BSJ services and receive comprehensive benefits, whether from our testing services, training programs, or industry support programs.”

BSJ’s mandate is to promote the international competitiveness of Jamaican producers, facilitate business development and trade, and support consumer protection.

For more information, people can visit the website, www.bsj.org.jm.

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Wall Street slides to largest daily losses since 2020 https://dinamikatrade.com/wall-street-slides-to-largest-daily-losses-since-2020/ Fri, 29 Apr 2022 21:24:00 +0000 https://dinamikatrade.com/wall-street-slides-to-largest-daily-losses-since-2020/ Amazon tumbles after results and outlook fall short Apple slips after reporting supply issues Monthly inflation has increased the most since 2005 End of indices: S&P 500 -3.63%, Nasdaq -4.17%, Dow -2.77% April 29 (Reuters) – Wall Street slid to its largest daily losses since 2020 on Friday as Amazon slumped following a dismal quarterly […]]]>
  • Amazon tumbles after results and outlook fall short
  • Apple slips after reporting supply issues
  • Monthly inflation has increased the most since 2005
  • End of indices: S&P 500 -3.63%, Nasdaq -4.17%, Dow -2.77%

April 29 (Reuters) – Wall Street slid to its largest daily losses since 2020 on Friday as Amazon slumped following a dismal quarterly report and the biggest rise in monthly inflation since 2005 spooked investors already worried about rising interest rates.

Amazon.co.uk Inc (AMZN.O) fell 14.05% in its biggest one-day decline since 2006, leaving the widely held stock near its lowest level in two years. Late Thursday, the e-commerce giant delivered a disappointing quarter and outlook, overwhelmed by rising costs.

Apple Inc (AAPL.O), the world’s most valuable company, fell 3.66% after its disappointing outlook eclipsed record quarterly earnings and sales.

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All 11 S&P 500 sector indices fell, led by a 5.9% drop in consumer discretionary (.SPLRCD) and a 4.9% drop in real estate (.SPLRCR).

The S&P 500 posted its largest one-day decline since June 2020. The Nasdaq’s decline was its largest since September 2020.

Disappointing earnings results and concerns about the Federal Reserve’s aggressive monetary policy tightening hurt megacap technology and growth stocks this month.

The Fed is due to meet next week, with traders betting on a 50 basis point rate hike to combat soaring inflation.

Ahead of the weekend and the Fed meeting next week, “people are cleaning decks. Disappointing guidance from Apple and Amazon and a few other companies set the stage yesterday for today to be weak and it accelerated at the end of the day,” said Peter Tuz, president of Chase Investment Counsel in Charlottesville, Va.

The Nasdaq (.IXIC) lost around 13% in April, its worst monthly performance since the 2008 global financial crisis.

The S&P 500 has fallen 13% so far in 2022, its biggest four-month decline since 1939.

Adding to fears on Wall Street, data showed the personal consumption expenditure price index – the Fed’s preferred measure of inflation – jumped 0.9% in March after climbing 0.5 % in February. Read more

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 4, 2022. REUTERS/Brendan McDermid/File Photo

Signs of aggressive monetary policy tightening, war in Ukraine and COVID lockdowns in China fueled fears of an economic slowdown. Thursday’s data showed the US economy unexpectedly contracted in the first quarter. Read more

The S&P 500 fell 3.63% to end the session at 4,131.93 points.

The Nasdaq fell 4.17% to 12,334.64 points, while the Dow Jones Industrial Average fell 2.77% to 32,977.21 points.

For the week, the S&P 500 lost 3.3%, the Nasdaq lost 3.9% and the Dow fell 2.5%.

The most active trades in the S&P 500

The S&P 500 has gained or lost 2% or more in one day about 33 times so far in 2022, compared to 24 such days in 2021.

Exxon Mobil Corp (XOM.N) fell 2.24% after suffering a $3.4 billion write-down due to its exit from Russia. Chevron Corp (CVX.N) fell 3.16% after its first quarter profit was disappointing. Read more

Overall, the first quarter earnings season has been better than expected so far. Nearly half of the S&P 500 companies have released their report through Thursday and 81% of them beat Wall Street expectations. Typically, only 66% exceeded estimates, according to Refinitiv data.

Falling issues outnumbered rising ones on the NYSE by a ratio of 3.91 to 1; on the Nasdaq, a ratio of 2.85 to 1 favored the decliners.

The S&P 500 posted 2 new 52-week highs and 47 new lows; the Nasdaq Composite recorded 13 new highs and 385 new lows.

Volume on U.S. exchanges was 12.4 billion shares, compared to an average of 11.8 billion over the past 20 trading days.

(This story corrects 10th paragraph to show S&P 500 year-to-date decline comparable to 1939, not 1932)

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Reporting by Bansari Mayur Kamdar and Devik Jain in Bengaluru and Noel Randewich in Oakland, California; Editing by Arun Koyyur, Aditya Soni and David Gregorio

Our standards: The Thomson Reuters Trust Principles.

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Barclays suspends takeover due to fallout from trading error https://dinamikatrade.com/barclays-suspends-takeover-due-to-fallout-from-trading-error/ Thu, 28 Apr 2022 06:20:00 +0000 https://dinamikatrade.com/barclays-suspends-takeover-due-to-fallout-from-trading-error/ A branch of Barclays Bank is seen, in London, Britain February 23, 2022. REUTERS/Peter Nicholls Join now for FREE unlimited access to Reuters.com Register LONDON, April 28 (Reuters) – Barclays (BARC.L) has suspended its share buyback plans pending discussions with U.S. regulators over a possible restatement of its 2021 results following a trading error, overshadowing […]]]>

A branch of Barclays Bank is seen, in London, Britain February 23, 2022. REUTERS/Peter Nicholls

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LONDON, April 28 (Reuters) – Barclays (BARC.L) has suspended its share buyback plans pending discussions with U.S. regulators over a possible restatement of its 2021 results following a trading error, overshadowing a better than expected earnings performance in the first quarter.

The British bank revealed last month that it had exceeded a US limit on sales of structured products, triggering new provisions and regulatory scrutiny. Read more

“Barclays remains committed to the share repurchase program and the intention would be to launch it as soon as possible following the resolution of SEC filing requirements,” the bank said Thursday.

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The lender previously said the £1 billion buyout would begin in the second quarter, after the error involving US structured products was disclosed.

Dealing with the fallout from the trading error poses an early problem for general manager CS Venkatakrishnan, who took over after Jes Staley’s shock exit in November.

Staley left following a dispute with UK financial regulators over how he described his ties to convicted sex offender Jeffrey Epstein. Read more

Barclays revealed it was hit by more than £500million in litigation and conduct costs in the quarter, including a £320million provision in its investment bank for the issuance error excessive.

Barclays on Wednesday reported pre-tax profit for the three months to March of 2.2 billion pounds ($2.75 billion), above analysts’ average forecast of 1.3 billion pounds and below 2, 4 billion pounds recorded in the same period last year.

Its CET 1 ratio, a key indicator of financial strength, fell 130 basis points to 13.8%, largely due to a 14.7 billion pound increase in risk-weighted assets at 328.8 billion.

($1 = 0.7990 pounds)

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Reporting by Lawrence White and Iain Withers, editing by Sinead Cruise

Our standards: The Thomson Reuters Trust Principles.

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