Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . The Reserve Bank of India will offer state-run firms a concessional foreign exchange swap facility, allowing them to hedge overseas borrowings at roughly half of the prevailing market costs, according to some analysts. Th...
Get up to speed with key market intelligence, news and insight before trading starts each day in this fast-growing economy with the Markets Daily India newsletter. Sign up here . The Reserve Bank of India will offer state-run firms a concessional foreign exchange swap facility, allowing them to hedge overseas borrowings at roughly half of the prevailing market costs, according to some analysts. The swap will be undertaken at a fixed rate of 1.5% a year for an average maturity of three years and above, the central bank said in a statement Monday. The details came after the RBI announced the facility on Friday as part of its efforts to boost capital inflows into the country. The move aims to make overseas funding more attractive at a time when the RBI is looking to ease pressure on the rupee after it hit a new low against the dollar last month. “The current forward premium is between 2.5-3%, so the RBI’s rate works out to be around half of that,” said Anindya Banerjee , head of research for currencies, commodities and interest rates at Kotak Securities. The discounted rate will encourage overseas borrowings by lowering costs, he said. The facility will be available for new borrowings raised through Dec. 31 and remain open until Jan. 15. Under the swap, banks acting as forex intermediaries can sell dollars in multiples of $1 million to the RBI with an agreement to buy these back when the swap matures. Read More: India’s RBI Says Banks Can Avail Swap Facility Only in Dollars
Brigg, Lincolnshire: With harvest approaching, we’re putting the glorious long evenings to good use, and both humans and insects are working hard to protect the crops There’s something magical about the long evenings in June, the warmth and the way the setting sun casts long shadows across the fields. The extra hours are much-needed though as there is plenty to do. We’re in the run-up to harvest i...
Brigg, Lincolnshire: With harvest approaching, we’re putting the glorious long evenings to good use, and both humans and insects are working hard to protect the crops There’s something magical about the long evenings in June, the warmth and the way the setting sun casts long shadows across the fields. The extra hours are much-needed though as there is plenty to do. We’re in the run-up to harvest in July, so if the weather is dry we walk up and down the seed crop tramlines, pulling out (rouging) unwanted wild oats, brome and blackgrass. They drop seeds that could contaminate not only our ground, but potentially someone else’s. Strict numbers govern how many of such plants are allowed per hectare in a seed crop, and independent inspectors check the results. Government officials in the Animal and Plant Health Agency will even walk the higher quality seed crops. Continue reading...
We're just days away from the SpaceX IPO . The company is reportedly targeting a $1.77 trillion valuation, which would make it one of the largest public debuts in history. If its valuation target is reached, the company aims to raise as much as $75 billion in capital. That's enough to fund truly groundbreaking growth initiatives, everything from orbital data centers to a human base on the moon. Th...
We're just days away from the SpaceX IPO . The company is reportedly targeting a $1.77 trillion valuation, which would make it one of the largest public debuts in history. If its valuation target is reached, the company aims to raise as much as $75 billion in capital. That's enough to fund truly groundbreaking growth initiatives, everything from orbital data centers to a human base on the moon. There are plenty of reasons to believe SpaceX will reach its intended valuation. "We believe we have identified the largest actionable total addressable market in human history," SpaceX claims in a recent regulatory filing . "We estimate that our quantifiable TAM is $28.5 trillion." There are also reasons to believe shares could struggle out of the gate. "We think the company has been significantly overvalued and investors will have opportunities to buy the stock at more attractive levels after the IPO," an analyst from Morningstar recently warned. "[L]ong-term investors eager to participate in SpaceX's future endeavors and potential success will have opportunities to do so with a greater margin of safety than the initial offering is likely to provide." Continue reading
Infinitum Copper ( INUMF ) has announced the cancellation of its previously proposed $1.82M private placement, which was originally unveiled on May 5, 2026. Management cited a lack of sufficient investor interest as the primary driver behind terminating the offering. Moving forward, the exploration-stage company stated it will actively evaluate alternative funding opportunities and capital-raising...
Infinitum Copper ( INUMF ) has announced the cancellation of its previously proposed $1.82M private placement, which was originally unveiled on May 5, 2026. Management cited a lack of sufficient investor interest as the primary driver behind terminating the offering. Moving forward, the exploration-stage company stated it will actively evaluate alternative funding opportunities and capital-raising structures to support its future operations. More on Infinitum Copper Corp. Financial information for Infinitum Copper Corp.
Malaysia Semiconductor Industry Association President Wong Siew Hai believes the country's semiconductor exports can hit about $200 billion this year. He speaks with Haslinda Amin from the sidelines of 'Invest Malaysia' in Kuala Lumpur. (Source: Bloomberg)
Malaysia Semiconductor Industry Association President Wong Siew Hai believes the country's semiconductor exports can hit about $200 billion this year. He speaks with Haslinda Amin from the sidelines of 'Invest Malaysia' in Kuala Lumpur. (Source: Bloomberg)
Hong Kong’s leader has pledged to exercise prudence and seriousness when defining national security offences under newly proposed legislation, dismissing concerns about a centralisation of power and stressing that the process often involves “state players” and highly sensitive information. Chief Executive John Lee Ka-chiu also said on Tuesday that the subsidiary legislation, which introduces a cla...
Hong Kong’s leader has pledged to exercise prudence and seriousness when defining national security offences under newly proposed legislation, dismissing concerns about a centralisation of power and stressing that the process often involves “state players” and highly sensitive information. Chief Executive John Lee Ka-chiu also said on Tuesday that the subsidiary legislation, which introduces a classification mechanism for “other offences endangering national security” under the city’s domestic...
Paul Sislian, Executive Vice President, Aircraft Sales and Bombardier Aftermarket Services, says it will nearly double the company's Singapore service footprint. The Canadian business jet manufacturer says this expansion represents a significant bet on Asia-Pacific, creating hundreds of highly skilled aerospace jobs. Paul speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomber...
Paul Sislian, Executive Vice President, Aircraft Sales and Bombardier Aftermarket Services, says it will nearly double the company's Singapore service footprint. The Canadian business jet manufacturer says this expansion represents a significant bet on Asia-Pacific, creating hundreds of highly skilled aerospace jobs. Paul speaks with Haslinda Amin on "Insight with Haslinda Amin." (Source: Bloomberg)
Hitachi ( HTHIF ) and Google Cloud ( GOOG ) ( GOOGL ) will bolster Forward Deployed Engineers (FDEs) capabilities to accelerate physical AI globally by combining Hitachi’s co-creation approach and digital engineering capabilities cultivated through Lumada with Google Cloud’s advanced AI, the companies said on Monday. Through the development of these FDE capabilities, Hitachi and Google Cloud will ...
Hitachi ( HTHIF ) and Google Cloud ( GOOG ) ( GOOGL ) will bolster Forward Deployed Engineers (FDEs) capabilities to accelerate physical AI globally by combining Hitachi’s co-creation approach and digital engineering capabilities cultivated through Lumada with Google Cloud’s advanced AI, the companies said on Monday. Through the development of these FDE capabilities, Hitachi and Google Cloud will enhance HMAX using Gemini enterprise, helping solve frontline worker challenges through autonomous operations in complex environments. Expanding the collaboration, Hitachi and Google Cloud will also enable customers to bolster their cyber defense capabilities against AI-driven cyber threats. More on Hitachi, Ltd., Alphabet Alphabet: CapEx Pressure Is Real, But The Long-Term AI Opportunity Is Bigger Google TPU V8 Vs. Nvidia: How Inference Is Rewriting The AI Market Still Bullish On Alphabet After Its $85B Capital Raise US acquiring voluntary equity stakes in AI firms appears manageable: Wedbush AI World Cup predictions: the machines love France
Novan Amirudin, Group CEO of CIMB Group, says Malaysia's second-largest bank is looking at growth opportunities in Indonesia. He speaks with Haslinda Amin from the sidelines of 'Invest Malaysia' in Kuala Lumpur. (Source: Bloomberg)
Novan Amirudin, Group CEO of CIMB Group, says Malaysia's second-largest bank is looking at growth opportunities in Indonesia. He speaks with Haslinda Amin from the sidelines of 'Invest Malaysia' in Kuala Lumpur. (Source: Bloomberg)