DIRS.INFO The most relevant business & tech news

☆ It's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime minister
▼ + stars: | 2023-06-26 | by ( Jp Ong | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's 'not realistic' for Malaysia to achieve net-zero energy goals on our own: Prime ministerMalaysia's Prime Minister Anwar Ibrahim speaks to CNBC's JP Ong at the Energy Asia conference, and says there has been "a lot of rhetoric" but "no real meaningful action" from developed countries in helping developing nations in their net-zero energy transitions.

Persons: Anwar Ibrahim, CNBC's JP Ong Organizations: Energy Asia Locations: Malaysia

LONDON, June 22 (Reuters) - Every country in the world will see rates of diabetes rise in the next 30 years without action, according to a new global study. There are currently 529 million people in the world with diabetes, the study led by researchers at the Institute of Health Metrics and Evaluation at the University of Washington found. The majority of the cases are type 2 diabetes, the form of the disease that is linked to obesity and largely preventable, the researchers said. For example, prevalence rates are expected to reach 16.8% in North Africa and the Middle East and 11.3% in Latin America and the Caribbean by 2050, compared to an estimated 9.8% globally. The study, funded by the Bill and Melinda Gates Foundation, is part of a wider series on diabetes published on Thursday in The Lancet medical journal.

Persons: ”, Liane Ong, Bill, Melinda Gates, Jennifer Rigby, Aurora Ellis Organizations: Institute of Health, University of Washington, Melinda Gates Foundation, Thomson Locations: North Africa, East, America, Caribbean

☆ China is poised for a 'near-term rebound,' says Abrdn
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina is poised for a 'near-term rebound,' says AbrdnRay Sharma-Ong of the asset management firm explains why it likes China and discusses the "signposts" it's monitoring: geopolitical risks, macroeconomic growth turnaround, policy initiatives and earnings.

Persons: Abrdn Ray Sharma, Ong Organizations: China Locations: China

☆ Loneliness, social isolation linked with early death
▼ + stars: | 2023-06-19 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

The new paper, however, is a meta-analysis of 90 studies that had examined the links between loneliness, social isolation and early death among more than 2 million adults. People who experienced social isolation had a 32% higher risk of dying early from any cause compared with those who weren’t socially isolated. Holt-Lunstad was the lead scientist on the US Surgeon General’s recent advisory report on social isolation and loneliness. Broadening social connectionsPeople experiencing social isolation and loneliness should actively seek social support, Wang said. Public health strategies to address loneliness and social isolation, including raising awareness, are also needed, Wang said.

Persons: Turhan Canli, Canli wasn’t, Julianne Holt, wasn’t, Holt, Lunstad, Anthony Ong, Ong wasn’t, ” Holt, Canli, “, ” Canli, Fan Wang, ”, Ong, Wang Organizations: CNN, Stony Brook University, Brigham Young University in, Center, Integrative Developmental, Human Health Labs, Cornell University, “, Harbin Medical University Locations: Brigham Young University in Utah, New York, China

Malindi, Kenya CNN —The reddish soil of the Shakahola forest is still giving up its terrible secrets. The cult was preparing for the end of the world under the instruction of their its powerful pastor, say investigators. Many find it difficult to comprehend the dark path that Pastor Paul Nthenge Mackenzie allegedly took his followers along. Yasuyoshi Chiba/AFP/Getty ImagesAt a recent hearing Mackenzie denied all knowledge of the horrors that witnesses, inspectors, and survivors believe happened in the Shakahola forest. ‘Intoxicating power’To understand the Shakahola cult, the focus must be on Mackenzie, says Rick Ross, a leading American cult expert who has studied destructive cults for decades.

Persons: Paul Nthenge Mackenzie, Paul Mackenzie, David McKenzie, ’ ”, Agnes, Mackenzie, “, ”, Yasuyoshi Chiba, Rick Ross, “ It’s, Ross, Charles Manson, David Koresh, Joseph Kibwetere, Geoffrey Wango, Wango, Ruto, Nxivm, God, Naomi Kahindi's, Mwangi, Francis Wanje, Wanje’s, It’s, Wanje, Khalid Hussein, Mackenzie's, Monicah Mwangi, Jesus, couldn’t, didn’t, David Man’ong’o Organizations: Kenya CNN, CNN, Good News International Ministry, Criminal Investigations, Getty, Nairobi University, Kenyan, Reuters, . Police, Public Prosecutions Locations: Malindi, Kenya, Galilee, Bethlehem, Shakahola, AFP, American, Africa

☆ From mineral resources to hydropower, Indonesia minister highlights investment opportunities
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFrom mineral resources to hydropower, Indonesia minister highlights investment opportunitiesIndonesia's Coordinating Minister for Maritime Affairs and Investments Luhut Binsar Pandjaitan tells CNBC's JP Ong why investors should put money into his country, and outlines opportunities from renewable energy to mineral resources such as nickel, copper and cobalt.

Persons: CNBC's JP Ong Organizations: Maritime Affairs, Investments Locations: Indonesia

☆ Australia hikes minimum wage as living costs surge
▼ + stars: | 2023-06-02 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

REUTERS/Steven Saphore/File PhotoSYDNEY, June 2 (Reuters) - Australia will raise the minimum wage by 5.75% from July 1 as families grapple with soaring living costs, a decision that businesses and some economists say risks further stoking inflation and interest rates. The independent Fair Work Commission (FWC) on Friday decided on a 5.75% pay rise for workers on awards with wages linked to movement in the minimum wage. It also made a technical reclassification for the national minimum wage, which the union says will take the increase to 8.6% for the lowest-paid employees, about 0.7% of the workforce. "Following several recent developments, including the outcome of today's minimum wage decision, we are adding a 25bp hike to our RBA profile in June and another 25bp in July." "Today's increase means these workers can keep their heads above water and not have to cut back even further."

Persons: Steven Saphore, Lin Ong, Philip Lowe, Taylor Nugent, Adam Hatcher, Hatcher, Andrew McKellar, Sally McManus, Stella Qiu, Shri Navaratnam Organizations: REUTERS, RBC Capital Markets, Reserve Bank of Australia, National Australia Bank, Australian Chamber of Commerce and Industry, Australian Council of Trade Unions, Thomson Locations: Sydney, Australia, Lincoln

☆ Singapore Prime Minister Lee Hsien Loong tests positive for Covid
▼ + stars: | 2023-05-22 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

Lee Hsien Loong, Singapore's Prime Minister, said Monday he has tested positive for Covid-19 after recently returning from state visits to South Africa and Kenya. Singapore's Prime Minister Lee Hsien Loong has tested positive for Covid-19, days after returning from official visits to South Africa and Kenya. "I am generally feeling ok but my doctors have advised me to self-isolate until I am asymptomatic," Lee said Monday in a Facebook post. Lee is 71-years-old and has been serving as prime minister of the Southeast Asian city-state since 2004. He was in South Africa and Kenya May 14-19, according to Singapore's Ministry of Foreign Affairs.

☆ Singapore firms scramble to soften blow of soaring rent costs
▼ + stars: | 2023-05-08 | by ( Chen Lin | ) www.reuters.com time to read: +5 min

But with private housing rents in Singapore maintaining the scorching pace of gains in 2023, those steps are likely falling short, forcing expatriate workers to even consider leaving the city for good. An exodus of foreign talent due to unaffordable housing costs would be a setback to Singapore in fulfilling its ambitions of becoming a technological and innovations hub. EXPAT WOESRecruitment companies said most expats in Singapore do not get housing allowances as companies are controlling their costs amid an uncertain global economy. That is cold comfort for Briton Natalie, who has been living in Singapore for 15 years and is facing a S$3,200 increment in monthly rent. ($1 = 1.3274 Singapore dollars)Reporting by Chen Lin in Singapore; Editing by Xinghui Kok and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. issues guidelines on defending Philippines from South China Sea attack
▼ + stars: | 2023-05-04 | by ( Karen Lema | ) www.reuters.com time to read: +3 min

The guidelines said the bilateral treaty commitments would be invoked if either is attacked specifically in the South China Sea and also if coast guard vessels were the target. 'WARNING' TO CHINAThe South China Sea, a waterway vital to global trade, has become a major flashpoint in the increasingly testy relationship between China and the United States. China's foreign ministry on Thursday said it opposed the use of bilateral defence treaties to interfere in the South China Sea, which "should not be a hunting ground for external forces". The guidelines were released during visit to Washington this week by Marcos, which included talks with counterpart Joe Biden. Marcos also met Defense Secretary Lloyd Austin, who told him "we will always have your back, in the South China Sea or elsewhere in the region."

☆ Morgan Stanley says HSBC is a 'top pick' despite the bank's shareholder troubles
▼ + stars: | 2023-04-24 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

But Morgan Stanley is sticking to its bullish stance on the U.K.-based bank, calling HSBC its "top pick" in the sector. Morgan Stanley is looking past that noise. Morgan Stanley expects HSBC to deliver "accelerating" capital returns, with 50% of 202 earnings paid out in dividends and share buybacks amounting to $3 billion in 2023. Further out, we see not only the 50% dividend payouts, but annual share buybacks of $8 billion in 2024/25," according to Morgan Stanley. Shares of HSBC are up nearly 16% this year, but Morgan Stanley expects more upside ahead.

☆ UBS says this semiconductor stock is a ‘buy’ — and doubles its price target
▼ + stars: | 2023-04-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

UBS is upgrading Taiwanese foundry United Microelectronics from "neutral" to "buy." The Swiss investment bank raised its price target on the stock from 37 Taiwan dollars ($1.20) to NT$75, representing a potential upside of nearly 50% from its closing price on Wednesday. UMC's year-to-date rerating reflects the "increasing optimism" about the semiconductor industry's recovery and the greater profitability of the stock, the analysts said. UBS isn't the only bull UBS isn't the only bank bullish on United Microelectronics. In a note on April 19, the bank maintained its "outperform" rating on the stock and raised its price target on the stock to NT$60.

☆ Bank of America is doubling down on a lesser-known chip stock — and gives it 50% upside
▼ + stars: | 2023-04-19 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Nvidia has undoubtedly been one of the sector's biggest winners this year, but Bank of America is doubling down on a lesser-known chip stock. That's significantly higher than the average potential upside of 16.1% given by analysts covering the stock, according to FactSet data. Bank of America described the firm as a "top pick" among European auto semiconductors and said the stock remains cheaper than its peers. The bank said it believes concerns about the company's poor track record and high Apple concentration are "likely to fade over the course of the next 12-18 months" as it improves gross margins and operating margins. Apple's share of the firm's revenue is also likely to drop to around 10% by end-2024, the bank added.

☆ Goldman picks 4 stocks to play a $5 trillion e-commerce opportunity — including one with 70% upside
▼ + stars: | 2023-04-18 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

E-commerce growth may have slowed post-pandemic, but Goldman Sachs remains bullish on the sector and thinks there is more growth ahead. Stocks to play it Goldman has named a number of e-commerce stock picks, including three that made the bank's global conviction list — a compilation of the bank's top buy-rated picks. Goldman also said China was the world's largest e-commerce market, with an estimated $1.5 trillion in e-commerce sales in 2022, or about 43% of total sales globally. The e-commerce market grew in 2020 as consumers stayed home during pandemic lockdowns. Goldman estimates that global e-commerce penetration jumped by about 6 percentage points in 2020, double the growth rate of the pre-pandemic era.

☆ Four Kenyans, told their work on Earth was done, fast to death, police say
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

All 15 were members of the Good News International Church in the coastal county of Kilifi, police said. "In the process of rescuing the victims, four of them died," police said in an incident report. "They starved after being radicalised by a certain member of a church told them that their work in this world was done... and they were waiting to die and see their creator," he said on Citizen Television. In a March 23 affidavit, police said the parents had starved and suffocated the two boys on Nthenge's advice. Reporting by Humphrey Malalo; Writing by George Obulutsa; Editing by Duncan Miriri and Nick MacfieOur Standards: The Thomson Reuters Trust Principles.

☆ Morgan Stanley says this chip giant will be a long-term tech leader — and gives it 30% upside
▼ + stars: | 2023-04-12 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

The South Korean chip maker also said it will cut memory chip production amid slowing global growth, dwindling demand and oversupply. TSMC When it comes to TSMC, Morgan Stanley is staying bullish despite expectations of near-term pressure on the stock. In the near term, we also expect TSMC's 2Q23 revenue guidance to be weaker than expected," Morgan Stanley's analysts, led by Charlie Chan, wrote in a note on Apr. 20, the bank's base case scenario will see the chip giant guiding for a longer-than-expected inventory correction. Tim Seymour, founder and chief investment officer of Seymour Asset Management, believes the dip in TSMC's share price is a buying opportunity .

☆ Tesla's shares are up over 70% this year. One market pro is bullish — but another isn't convinced
▼ + stars: | 2023-04-11 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Shares of electric vehicle giant Tesla have risen more than 70% this year, after falling 65% in 2022 in its largest-ever annual decline. Bull vs. bear Ross Gerber, president and CEO of Gerber Kawasaki Wealth Management, is an unabashed Tesla bull. Gerber is excited about the prospects for Tesla's first pickup truck — the Cybertruck — which is expected to begin production by end-2023. Tesla cannot be the EV leader without cutting prices, Bido added. One of the most important components of an EV is the battery, and Gerber said Tesla is a leader in battery technology.

☆ Want to play soaring gold prices? These stocks are seen rising by at least 20%
▼ + stars: | 2023-04-07 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Gold prices are up about 10% this year and traded around $2,020 an ounce at one point on Thursday. For investors looking to cash on potentially higher gold prices, CNBC Pro screened FactSet for stocks in the Global X Gold Explorers ETF , the iShares MSCI Global Gold Miners ETF , the VanEck Gold Miners ETF , and the SPDR S & P Metals and Mining ETF . The company's gold mining operations are in Western Australia, where it aims to produce 185,000 to 205,000 ounces of gold annually by 2024. Analysts give British mining firm Hochschild Mining potential upside of 32.8%, according to FactSet data. Other stocks that made the screen include Australia's Silver Lake Resources , Indonesia's PT Merdeka Copper Gold, Endeavour Mining and B2Gold .

☆ Market veteran says we may be 'a long way from a new bull market' and shares what to buy and avoid
▼ + stars: | 2023-04-06 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

That puts the index in a technical bull market — widely defined as a gain of at least 20% from a 52-week low. That outperformance is getting investors excited and is prompting talk that a new bull market is in the cards. But market veteran David Dietze said he believes the stock market is getting ahead of itself. "Others have trouble calling a market movement a new bull market until the market at least attains its prior all-time high point. How he's positioning For starters, he said, investors should remain invested in the stock market, despite the appeal of higher-yielding money market funds and short-dated Treasurys.

☆ Netflix vs. Disney? Analysts have a favorite, and give it nearly 30% upside
▼ + stars: | 2023-04-05 | by ( Zavier Ong | ) www.cnbc.com time to read: +4 min

There's plenty of competition in streaming services, but Netflix and Disney are undoubtedly two of the biggest names — and both are facing a number of headwinds. However, analysts' average potential upside tells a different story: Disney gets average potential upside of 26%, according to FactSet data, while Netflix's comes in at just 3.8%. The case for Netflix For Bank of America, Netflix is a "world class brand" with a "leading global subscriber base." "I think Netflix is certainly going to have a lot of leverage on revenue growth and cost discipline. With the kind of blended businesses and the opportunities for improvement, I think Disney is a little bit better in my favor," he said.

☆ As Wall Street turns bearish on the U.S., here's where the pros say to invest
▼ + stars: | 2023-04-04 | by ( Zavier Ong | ) www.cnbc.com time to read: +6 min

Within Europe, Goldman prefers companies in value sectors that pay dividends , as well as select defensive and growth stocks in the market. Emerging markets Several Wall Street analysts are putting their money on emerging markets, with most bullish on China, the world's second-largest economy. While the bank expects just 1% earnings growth for emerging market stocks, it said the sector's valuation looks attractive at a 23% discount to global peers. Philip Blancato, CEO at Ladenburg Thalmann Asset Management, is also bullish on emerging markets. He added that the case for adding to emerging market allocations is growing, particularly given the "near guarantee" of a softer dollar in the short- to medium-term.

☆ Morgan Stanley just revealed its best long-term stock picks in Europe
▼ + stars: | 2023-04-03 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Despite their underperformance in recent years, " quality" stocks have been persistent outperformers within European stock markets for decades, according to research from Morgan Stanley . The bank has revealed its "35 for 2025" list, featuring the bank's 35 best long-term picks in Europe. Notwithstanding recent price moves, quality stocks also look reasonably valued, with average relative valuations for the MSCI Europe Quality index below their 10-year average," Morgan Stanley's analysts, led by Giorgio Magagnotti, wrote in a note on Mar. British alcoholic beverage maker Diageo also makes an appearance, with Morgan Stanley confident of Diageo's ability to deliver "superior" growth. Within the semiconductor space, ASML is Morgan Stanley's top pick.

☆ Jailed Malaysian ex-PM Najib loses final bid to review graft conviction
▼ + stars: | 2023-03-31 | by ( Rozanna Latiff | ) www.reuters.com time to read: +2 min

KUALA LUMPUR, March 31 (Reuters) - Malaysia's top court on Friday dismissed a bid by jailed former prime minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib's judicial efforts to challenge the guilty verdict. Najib was jailed last year after Malaysia's Federal Court upheld a guilty verdict and 12-year prison sentence handed down to him by a lower court. Federal Court Judge Vernon Ong said a five-member panel voted 4-1 to dismiss Najib's application to review the conviction. Najib faces three other trials related to graft at 1MDB and other government agencies. Reporting by Rozanna Latiff; Writing by A. Ananthalakshmi; Editing by Ed Davies and Michael PerryOur Standards: The Thomson Reuters Trust Principles.

☆ Goldman Sachs' top stock picks in Europe include three with over 100% upside
▼ + stars: | 2023-03-31 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

"The macro backdrop remains uncertain … That said, we see scope for alpha opportunities with returns dispersion across sectors," Goldman's analysts, led by John Sawtell, wrote in a Mar. Out-of-consensus buys The bank identified a raft of out-of-consensus stock picks, where each stock is rated "buy" by fewer than 50% of analysts covering them. Goldman gives Deutsche Bank potential upside of 114%. UBS , which recently swooped in with a rescue deal for embattled Credit Suisse, is also on Goldman's screen, with potential upside of 104%. The bank gave British telecommunications firm BT Group potential upside of 101%.

☆ Jailed former Malaysian Prime Minister Najib Razak loses final bid to review graft conviction
▼ + stars: | 2023-03-31 | by ( ) www.cnbc.com time to read: +1 min

Malaysia's former prime minister Najib Razak (C) greets supporters as he walks out during a break in the trial during an appeal against his corruption conviction over the 1MDB financial scandal, at the federal court in Putrajaya, on Aug. 23, 2022. Malaysia's top court on Friday dismissed a bid by jailed former prime minister Najib Razak to review his corruption conviction over the multi-billion dollar scandal at state fund 1MDB, ending Najib's judicial efforts to challenge the guilty verdict. Najib was jailed last year after Malaysia's Federal Court upheld a guilty verdict and 12-year prison sentence handed down to him by a lower court. Federal Court Judge Vernon Ong said a five-member panel voted 4-1 to dismiss Najib's application to review the conviction. "In the final analysis, and having regard to all circumstances, we are constrained to say that the applicant (Najib) was the author of his own misfortunes," Ong said.

Search resuls for: "ONG"

25 mentions found