Adani faces fresh risk as MSCI examines free float of its stocks

1 month ago Malay Mail

SYDNEY, Feb 10 — India’s Adani Group faced fresh concerns yesterday after financial index provider MSCI said it was reviewing the free float designation of some of its companies’ securities. Free float uncertainty“MSCI has determined that the characteristics of certain investors have sufficient uncertainty that they should no longer be designated as free float,” US-based MSCI said. “This determination has triggered a free float review of the Adani Group securities,” it added in a statement. Free float is defined as the proportion of outstanding shares considered available for purchase in public equity markets by international investors. They accuse his administration of giving favours to the Adani Group, a charge denied by the government and the company.
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Aon Names William Pembroke as Head of Thailand

BANGKOK, THAILAND - Media OutReach - 25 October 2022 - Aon plc (NYSE: AON), a leading global professional services firm, has named William Pembroke as chief executive officer of Aon Thailand, effective today.Pembroke will be based in Bangkok and report to Owen Belman, chief executive officer of Asia at Aon. Pembroke joined Aon in 2014 and joined Aon Thailand in July 2021 to grow the specialty broking business in the country.Commenting on the promotion, Belman said, "I am pleased to announce William as chief executive officer for Thailand. "Pembroke has held several leadership positions at Aon, including director of Specialty and Risk Management for Aon Thailand, regional director for Aon in the Middle East, and director of Aon's Global Broking Centre, Energy, in London. "I am excited to lead the diverse and experienced Thailand team and look forward to growing Aon's presence and collaboration with clients in the country," said Pembroke. ".Andrew Bentley, who had been leading Aon Thailand over the past 31 years, will move to a senior consultant role.More information about Aon in Asia is available here Hashtag: #AonThe issuer is solely responsible for the content of this announcement.

5 months ago Malay Mail

Ransomware remains a top cyber risk for businesses, but new threats emerging

"The cyber risk landscape doesn't allow for any resting on laurels. "Around the world, the frequency of ransomware attacks remains high, as do related claims costs. By relying on a small number of providers for cloud services or cyber security, society is creating large concentrations around a few single points of failure. Today, companies' cyber security resilience is scrutinized by far more stakeholder groups than in the past. "The good news is that we are now seeing a very different conversation on the quality of cyber risk than a few years ago," says Sayce.

5 months ago Malay Mail

Transamerica Life Bermuda Appoints Andy Wong As Chief Operating Officer

HONG KONG SAR - Media OutReach - 26 October 2022 - Transamerica Life (Bermuda) Ltd. (TLB) announced today that Mr. Andy Wong has joined the firm as its Chief Operating & Transformation Officer (COTO).In this role, Mr. Wong will be overseeing all of TLB's global operations, covering New Business, Underwriting, Customer Service and Claims. He will also focus on driving TLB's operational and digital transformation, helping to deliver innovation, efficiencies, and customer service excellence across the organisation. I'm therefore delighted to have Andy join us at such an important point in our transformation journey," said Chirag Rathod, CEO of TLB. Transamerica has been in Asia for over 85 years and has been a pioneer in managing universal life portfolios for over 40 years. TLB is part of the Aegon Group, an integrated, diversified, international financial services group that offers investment, protection, and retirement solutions.

5 months ago Malay Mail

New watchOS update promises more battery life but with caveats

The new Apple watchOS update brings more battery life for your workouts. One of the biggest criticisms about the Apple Watch is its paltry battery life in comparison to its rivals. Anyway back to that battery life — what's interesting is the new battery life extension only applies to the Series 8, new (2nd-gen) Watch SE and of course, the new Apple Watch Ultra. They will have a new way of extending their battery life. At the moment I am still testing the Apple Watch Ultra and so far the battery life has been very impressive and even surpassing Apple's estimates.

5 months ago Malay Mail

World stocks at five-week high, earnings in the spotlight

LONDON, Oct 26 — World stocks scaled a five-week high today, lifted by growing hopes that the pace of US interest rate hikes could soon start to slow. But European shares headed higher, having opened softer, drawing some comfort from upbeat bank earnings. MSCI’s World Stock Index touched a five-week high, while Asian shares rallied. The Bank of Canada is widely expected to raise rates by another 75 bps later in the day to contain stubbornly high inflation. In Australia, inflation raced to a 32-year high last quarter as the cost of home building and gas surged.

5 months ago Malay Mail

New Plug to Record iPhone and Android Wireless Microphone in Indonesia: Hollyland’s Lark C1

Can record while charging, and playback without unplugging from phoneSHENZHEN, CHINA - Media OutReach - 28 October 2022Hollyland Technology is pleased to announce the Lark C1 , an ultra-compact, feature-packed wireless microphone system that can be plugged into mobile phones and offers a range of up to 650ft (200m). The Lark C1 lets you simply plug the receiver into the phone to record audio, and playback without unplugging. You can record audio without interruption, because the transmitter (TX) and receiver (RX) are usable while charging, and the receiver can be connected to a power source to charge your phone during operation. The advanced audio processing algorithms and Active Noise Cancellation let the Lark C1 deliver crystal-clear digital audio with background noise removed. For more information, visit www.hollyland-tech.com, Hollyland Facebook, and Hollyland Instagram.

5 months ago Malay Mail

Champions League final round permutations

Ajax, on three, are almost certain of a Europa League spot ahead of their match against Rangers, who do not have a point. Porto host Atletico Madrid, currently in the Europa League spot, while the Belgians travel to Bayer Leverkusen, who are a point behind Atletico. Group EChelsea, the 2021 champions, are already through in first place ahead of their final group game with Dinamo Zagreb, whose best hope is a Europa League place. Sevilla, on five, are guaranteed a Europa League spot but as above, cannot overhaul Dortmund. The French side faces Juventus, on three points in third place and desperate to salvage a Europa League spot from their disappointing campaign.

5 months ago Malay Mail

Asian shares waver, dollar dips ahead of Fed policy decision

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent lower in early trade, as a drop in Chinese bluechips and Hong Kong shares offset an uptick in South Korea and Australia. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.2 per cent lower in early trade, as a drop in Chinese bluechips and Hong Kong shares offset an uptick in South Korea and Australia. That sparked a reversal in Treasury yields and lifted market bets on interest rates to above 5 per cent next year. In commodities, oil climbed after industry data showed a surprise drop in US crude stockpiles, suggesting demand is holding up. US crude oil futures CLc1 rose 0.5 per cent to US$88.93 per barrel, while Brent crude futures was up 0.4 per cent at US$94.98.

5 months ago Malay Mail

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