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☆ Hong Kong wins over Goldman Sachs and other bank CEOs after lifting strict Covid rules
▼ + stars: | 2022-09-29 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

Hong Kong CNN Business —Hong Kong has finally secured commitments from some of the world’s biggest banks to participate in a long-awaited summit, as it seeks to reaffirm its status as a global financial hub. Under the current rules, travelers are free to move around, although they may not be allowed into restaurants or bars during the first three days of their stay. The summit was announced by Hong Kong Financial Secretary Paul Chan in February. Hong Kong is the base for JPMorgan’s Asia Pacific headquarters, as well as those of many other financial firms. Now, the conference will be an important part of the city’s efforts to show that it’s truly reopened for global business.

Shell Aviation President Jan Toschka poses during an interview with Reuters on the sidelines of the Asia Pacific Petroleum Conference (APPEC) 2022 conference, in Singapore, September 27, 2022. REUTERS/Isabel KuaSINGAPORE, Sept 27 (Reuters) - Global aviation fuel demand is expected to fully recover to pre-pandemic levels of 300 million tonnes per year in the next one to two years, the head of aviation at Shell (SHEL.L) said on Tuesday. SUSTAINABLE AVIATION FUELShell is considering building two more sustainable aviation fuel (SAF) plants in the United States, as it aims for renewable fuel to account for 10% of its global jet sales by 2030, Toschka said. "We will be having more than 2 million tonnes of SAF annually by 2030," he added. Aviation, accounting for 3% of the world's carbon emissions, is one of the most difficult forms of transportation to decarbonise.

REUTERS/Denis BalibouseSINGAPORE, Sept 27 (Reuters) - Global oil prices may stay under $100 a barrel for the rest of the year as rate hikes from central banks have tightened credit and reduced investments in risk assets such as commodities, commodities trading major Trafigura said on Tuesday. "The balance of risks and what we know today suggests that it would take quite a few changes in the market for oil to trade well above $100," Rahim said. Oil demand could rebound next year if China lifts COVID-19 restrictions and if the U.S. Federal Reserve pauses or cuts interest rates to support growth, he added. These factors, underpinned by underinvestment in the oil sector and low global oil inventories, could eventually push Brent back above $100 a barrel, Rahim said. The oil market is also watching out for possible supply responses from the Organization of the Petroleum Exporting Countries amid lower prices.

SINGAPORE, Sept 26 (Reuters) - Russian oil is expected to come to Asia and the Middle East, while refined fuel produced in these regions will flow to the West as the global oil trade is disrupted by sanctions, Vitol's Chief Executive Officer Russell Hardy said on Monday. The Russia-Ukraine war has made energy security the top issues for governments as they grapple with inflation, and with bans on Russian oil looming and Moscow slashing gas supplies to Europe, policymakers are setting aside sustainability concerns for now. The EU is set to ban Russian crude oil from December in a move to strip the Kremlin of revenue, following Moscow's invasion of Ukraine. Russian crude oil imports into the EU and UK last fell to 1.7 million barrels per day (bpd) in August from 2.6 million bpd in January, according to data from the IEA, though the EU was still the biggest market for Russian crude. Global gas prices rose to record levels this year, as Russia cut supplies to Europe while oil prices touched multi-year highs in March.

☆ APPEC: Vitol expects Russian fuel to come to Asia and Mideast
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Sept 26 (Reuters) - Russian fuel is expected to come to Asia and the Middle East, while fuels produced there are expected to flow to the West, Vitol's Chief Executive Officer Russell Hardy said on Monday. Register now for FREE unlimited access to Reuters.com Register"You're beginning to see that with fuel coming East that would otherwise have stayed in Europe, and fuel in the East going to the West to cover the shortfall." The EU is set to ban Russian crude oil from December in a move to strip the Kremlin of revenue, following Moscow's invasion of Ukraine. Russian crude oil imports into the EU and UK last fell to 1.7 million barrels per day (bpd) in August from 2.6 million bpd in January, according to data from the IEA, though the EU was still the biggest market for Russian crude. read moreThe IEA also forecasted that the United States could soon overtake Russia as the main crude supplier to the EU and the UK combined.

☆ APPEC: Vitol CEO says Russian fuel to come to Asia and Mideast
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: 1 min

Register now for FREE unlimited access to Reuters.com RegisterVitol CEO Russell Hardy speaks during the 20th Asia Oil & Gas Conference in Kuala Lumpur, Malaysia June 24, 2019. REUTERS/Lai Seng SinSept 26 (Reuters) - Russian fuel is expected to come to Asia and the Middle East and fuels produced there are expected to flow to the West, said Russell Hardy, chief executive officer of Vitol, at the 38th Annual Asia Pacific Petroleum Conference (APPEC) 2022. More than a million barrels per day of U.S. crude is expected to go to Europe to fill the gap in Russian supplies, he said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chen Aizhu and Jeslyn Lerh; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Hong Kong stocks hit an 11-year low after historic Fed rate hike
▼ + stars: | 2022-09-22 | by ( Laura He | Cnn Business | ) edition.cnn.com time to read: +1 min

Hong Kong (CNN Business) Hong Kong stocks hit their lowest level in more than a decade Thursday and other Asian markets also fell after the US Federal Reserve raised rates by 75 basis points and forecast even more hikes ahead, fueling concerns about a recession. Hang Seng Index HSI Nikkei 225 N225 Shanghai Composite Index SHCOMP Thefell as much as 2.6%, breaking below 18,000 points, before recovering slightly. Australia's S&P/ASX 200 index fell 1.6%, while Japan'sand South Korea's Kospi both fell 0.6%. The Exchange Square Complex, which houses the Hong Kong Stock Exchange, in Hong Kong, China, on Wednesday, July 13, 2022. "If you were to compare this rate hike cycle to previous rate hike cycles going back to 1983, the Fed has never raised rates this much in this short a time period," said David Chao, global market strategist, Asia Pacific (ex-Japan) at Invesco.

☆ Stocks making the biggest moves midday: Novavax, Darden Restaurants, Eli Lilly and more
▼ + stars: | 2022-09-22 | by ( Jesse Pound | ) www.cnbc.com time to read: +4 min

Darden Restaurants — Shares of Olive Garden's parent company fell more than 4% after Darden's fiscal first-quarter results showed lighter-than-expected revenue. The company reported $1.56 in earnings per share on $2.45 billion of revenue. Eli Lilly — The pharmaceutical stock climbed 4.2% after UBS upgraded Eli Lilly to buy from neutral. KB Home – Shares of homebuilder KB Home slipped 4% after the company reported earnings that disappointed Wall Street's revenue expectations. The company reported $3.13 in adjusted earnings per share, below the $3.20 anticipated by analysts, according to Refinitiv.

☆ Why impact investing needs to be 'decolonized' to help the people most affected by climate change and inequity
▼ + stars: | 2022-06-30 | by ( Durreen Shahnaz | ) www.businessinsider.com time to read: +7 min

Kazi Awal/InsiderImpact investing doesn't always help the people impacted most by inequity and climate change, according to Durreen Shahnaz, founder and CEO of Impact Investment Exchange. As the founder and CEO of Impact Investment Exchange, I've seen how much actual impact impact investing can have — and how it can reinforce old, problematic norms. McGlashen's involvement in both the scandal and the world of impact investing is not merely a coincidence. This means that impact investing in Asia, Africa, and Latin America is coming from the Global North and with it, the power of how impact investing should go. While companies like IIX are all about the Global South investing in each other, we are the minority.

Plaza Premium LoungeCapital One just expanded its airport lounge network to include Plaza Premium Lounges. Capital One Venture X Rewards Credit Card members get complimentary access, on top of free Priority Pass and Capital One lounge visits. Capital One Venture Rewards Credit Card or Capital One Spark Miles for Business cardholders receive two free visits per year. Starting today, the issuer is expanding its network of airport lounges you can enter for free with the Capital One Venture X Rewards Credit Card. Most Plaza Premium lounges are at airports overseas, although there are a few at US airports:Dallas-Fort Worth: Plaza Premium Lounge, Terminal ENewark (EWR): Virgin Atlantic Clubhouse (operated by Plaza Premium Group), Terminal BNew York (JFK): Virgin Atlantic Clubhouse (operated by Plaza Premium Group), Terminal 4San Francisco (SFO): Virgin Atlantic Clubhouse (operated by Plaza Premium Group), Terminal AWashington, DC (IAD): Virgin Atlantic Clubhouse (operated by Plaza Premium Group), Terminal AInternational Plaza Premium Lounge locations are far more plentiful.

Persons: cardholders, Read, —, you'll, there's, Toronto Pearson, Cardholders Organizations: Fort, Capital, Business, Service, Virgin Atlantic, Plaza, One, Chevron, Chase, American Express, Plaza Premium, Washington Dulles, Venture Locations: Dallas, Fort Worth, DFW, Newark, York, JFK, Francisco, Washington, Canada, South, Central America, East, Europe, Africa, Asia Pacific, Toronto, Denver

☆ Leaders in sustainability share their perspectives on the future of workplace wellness as normalcy returns
▼ + stars: | 2022-04-08 | by ( Business Insider | ) www.businessinsider.com time to read: +2 min

"Companies need to measure the impact they are creating internally on their workforce, and outside through its operations." Durreen Shahnaz, Founder and CEO, Impact Investment Exchange and Impact Investment Exchange Foundation Impact Investment Exchange; Edited by Kazi Awal/InsiderAs the world comes together in the wake of the COVID-19 pandemic to build back better, governments and businesses both are facing a drastically new environment — one where sustainability is ultimately limited if they cannot secure the health and well-being of all the people including the workers and the vulnerable populations. Businesses need to now not only survive the pandemic but recover and have a lifeline to pivot their businesses so they're able to adapt and thrive in the new norm. Companies need to measure the impact they are creating internally on their workforce, and outside through its operations. For us at IIX, the bottom-up up approach of measuring impact has been the norm for the past 13 years.

Present in more than 40 countries, Choice Hotels' partnerships with Penn National Gaming, Inc., Preferred Hotels & Resorts, and Nordic Choice Hotels make redemption options even more interesting, with the addition of casino hotels and upscale resorts to the mix. AdvertisementHow to earn Choice Privileges pointsWhile Choice Privileges seems straightforward, there are lots of little rules about what counts as a qualifying points-earning stay. If you're just getting started, the fastest way to accrue Choice Privileges points is by opening the Choice Privileges Visa Signature Card. AdvertisementBuy Choice Privileges points — for you or someone elseYou can buy up to 250,000 Choice Privileges points for yourself — or up to 180,000 Choice Privileges points for friends and family members — per calendar year. Transfer Choice Privileges points to travel partnersTo redeem Choice Privileges points for flights, use the Choice Hotels Rewards Exchange to transfer them to airline partners at the following rates:5,000 Choice points for 1,000 Alaska Airlines Mileage Plan miles5,000 Choice points for 1,000 Aeromexico Club Premier miles5,000 Choice points for 1,000 Aeroplan points5,000 Choice points for 1,000 United MileagePlus miles5,000 Choice points for 1,000 Spirit Airlines Free Spirit miles5,000 Choice points for 1,000 Czech Airlines OK Plus miles20,000 Choice points for 8,000 Qantas Frequent Flyer points20,000 Choice points for 8,000 Virgin Australia Velocity points20,000 Choice points for 140 Air New Zealand Airpoints DollarsNote that you may need to call Customer Service at 888-770-6800 and provide them with your frequent flyer number to complete your airline redemption.

Persons: —, You'll, We're, Read, It's, you've, you'll, I'm, there's, Homefront, they'll Organizations: Business, Card, Citi, Choice, Service, Choice Hotels, Penn National Gaming, Inc, Resorts, Amtrak, Barclays, American, Express, Hotels, Diamond, Avis, Cambria Hotels, Alaska Airlines, Aeromexico Club Premier, Czech Airlines, Spirit Airlines, Air, Zealand, Qantas Frequent Flyer, Australia, Alamo, Budget, Bed, Apple, Vinesse, Rocket, Aeromexico Club, Airlines, Virgin Australia, Clubs of America, Fisher House Foundation, Council, International, Polaris, Cosmopolitan, AARP Locations: Cambria, Econo Lodge, Canada, Mexico, Central America, Caribbean, Asia, Pacific, China, Japan, Europe, Clarion Clarion Pointe, Czech

☆ Orașul cu cei mai mulți miliardari din întreaga lume
▼ + stars: | 2021-04-09 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: PixabayOrașul cu cei mai mulți miliardari din întreaga lumeBeijingul găzduiește în prezent mai mulți miliardari decât orice alt oraș din lume, conform listei anuale a miliardarilor întocmită anual de revista Forbes, citată de BBC. Capitala chineză a adăugat anul trecut 33 de miliardari și acum găzduiește 100, depășind New York, care găzduiește 99 de miliardari și a condus clasamentul în ultimii șapte ani, arată publicația. Cei mai mulți miliardari din ChinaChina a adăugat mai mulți miliardari pe listă decât orice altă țară la nivel global, cu 210 nou intrați. În total, cei 1.149 de miliardari din Asia Pacific au valorat 4,7 miliarde de dolari, comparativ cu 4,4 miliarde de dolari pentru americani. Averea sa a crescut cu 64 miliarde dolari, până la 177 miliarde dolari anul trecut.

Persons: Zhang Yiming, ByteDance ., Jeff Organizations: Forbes, BBC, Capitala, Mediafax Locations: New York, Beijing, China, SUA, China China, Chinei, India, Asia Pacific, Amazon

☆ Beijingul are în prezent mai mulți miliardari decât oricare alt oraș din lume. Cine este cel mai bogat rezident al capitalei chineze
▼ + stars: | 2021-04-08 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Beijingul găzduiește în prezent mai mulți miliardari decât oricare alt oraș din lume, conform listei miliardarilor întocmită anual de revista Forbes, scrie BBC, citat de Mediafax și digi24.ro. Capitala chineză a adăugat anul trecut 33 de miliardari și acum găzduiește 100, depășind New York, care găzduiește 99 de miliardari și a condus clasamentul în ultimii șapte ani, arată publicația. Totuși, averea combinată a miliardarilor din New York a rămas cu 80 miliarde de dolari mai mare decât cea a omologilor lor din Beijing. China a adăugat mai mulți miliardari pe listă decât orice altă țară la nivel global, cu 210 nou intrați. Averea sa a crescut cu 64 miliarde dolari, până la 177 miliarde dolari anul trecut.

Persons: Forbes, Zhang Yiming, Jeff Organizations: Forbes, BBC, Mediafax Locations: Beijingul, New York, Beijing, China, Chinei, SUA, India, Asia Pacific, Amazon

☆ На Тайване сошел с рельсов пассажирский поезд. Погибли более 30 человек
▼ + stars: | 2021-04-02 | by ( ) nokta.md time to read: +1 min

На востоке Тайваня сошел с рельсов поезд Taroko Express, перевозивший больше 350 пассажиров. Об этом сообщает Центральное новостное агентство Тайваня. В результате аварии четыре человека погибли и еще 36 не подают признаков жизни, сообщает Центральное новостное агентство Тайваня со ссылкой на транспортную полицию. Агентство Reuters со ссылкой на министра транспорта пишет о как минимум 36 погибших и 72 пострадавших. 🇨🇳A train de-railed in a tunnel in Taiwan on Friday, with at least four people feared dead so far and more than 20 injured.

Organizations: Taroko, Reuters, Центральное новостное агентство, Медуза Locations: Тайвань

☆ Încercările de fraudă înregistrate la nivel global au crescut cu 35% în timpul pandemiei de COVID-19
▼ + stars: | 2020-11-17 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Încercările de fraudă au crescut cu aproape 35%, ceea ce ne arată că infractorii sunt mai activi în încercările de fraudare a canalelor digitale. "Deşi tehnologiile de plată predominante variază în funcţie de regiune, tendinţele de fraudă au puncte comune semnificative, indiferent de poziţionarea geografică. Acest lucru demonstrează că infractorii se coordonează şi împărtăşesc informaţii mai deschis decât instituţiile financiare, ceea ce le conferă un avantaj semnificativ în zădărnicirea eforturilor de depistare a fraudelor. Arsenalul de trucuri al fraudatorilor şi reţelelor acestora devine la fel de avansat ca tehnologiile utilizate pentru a le detecta activităţile. Social engineering, phishing şi furtul de identitate, alături de amploarea metodelor digitale de plată, le oferă acestora un avantaj.

Persons: Ştefan Baciu Organizations: SAS România, SAS, Strategy Locations: America de Nord, America de Sud, Europa, Africa, Asia, Europa Centrală, Est, Orientul Mijlociu

☆ The world's largest trade deal could be signed in 2020 — and the US isn't in it
▼ + stars: | 2019-11-12 | by ( Yen Nee Lee | ) www.cnbc.com time to read: +5 min

Manan Vatsyayana | AFP | Getty ImagesAfter more than six years of negotiations, more than a dozen countries in Asia Pacific are now aiming to sign what would be the world's largest trade agreement in 2020. All 16 countries started negotiating RCEP in 2013, when talks for another major trade pact — the Trans-Pacific Partnership or TPP — were underway. Given China's absence in the then U.S.-led TPP, which was slated to be the world's largest trade deal, many observers considered RCEP a way for Beijing to counter American influence in the region. The final text with details of the trade agreement will go through legal reviews before being signed and released. Deborah Elms, executive director at consultancy Asian Trade Centre, told Reuters that would help Asian producers to sell more of their products to the rest of the region.

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