- April 18, 2024
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SET closed today at 1,361.02 points, down 5.92 points (-0.43%) Trading value was 53,907.55 million baht. Although it has increased in line with the region in the morning, there is still a lack of new positive factors supporting it. Thailand’s stock market is in decline, waiting for an opportunity to turn around. During the day in the afternoon, the index went down to test the important support level, slightly falling below 1,350 points before returning to increase. Stocks that weigh heavily on the market today include the energy, petrochemical and agricultural sectors. The energy group made strong adjustments after crude oil prices fell. Meanwhile, the situation of violence in the Middle East may not be as widespread as feared.
The price of gold (96.5%) in retail in the country closed 200 baht. The Gold Traders Association reported that the price of gold bars was bought at 41,350 baht per gold baht and sold at 41,450 baht per gold baht , Buying gold baht at 40,598.48 baht per gold baht,
We Are Starting To Sign Agreements For Infrastructure…
“It has been organized to start the rhythmic process of signing agreements with the municipalities from next week. It is important for us that local administrations begin the implementation of their projects as quickly as possible”. This was announced by the Minister of Regional Development and Public Works Eng. Violeta Koritarova during a hearing in the National Assembly on the implementation of the Investment Program for municipal projects financed from the national budget. We held a conversation with the National Association of Municipalities in the Republic of Bulgaria in connection with the returned over 200 agreements due to identified gaps, from where we received assurance that they will cooperate to bring them in as quickly as possible,” the minister added.
Violeta Koritarova informed that as of April 10, 1,302 applications from the municipalities had been received by the MRRD. Of these, 723 have been signed with a total value of over BGN 1.9 billion. Over 200 of the received applications are under consideration, with more than 50 correctly submitted and meeting the conditions for signing. The largest number of agreements were concluded for the repair of municipal streets and sidewalks – a total of 261 worth BGN 440 million.
Real-Time Market Insights: Stay Updated With Live Stock…
Market Volatility and Earnings Reports Shake Wall Street
Traders were in a frenzy on Thursday at the New York Stock Exchange (NYSE) in New York City, U.S., as the S&P 500 experienced significant fluctuations amidst a downward trend for the benchmark index. Investors were closely analyzing the latest corporate earnings releases.
Market Performance
- The S&P 500 saw a modest increase of 0.3%, while the Nasdaq Composite remained relatively stable. The Dow Jones Industrial Average surged by 250 points, or 0.7%, driven by a remarkable 4% rally in UnitedHealth.
- Despite these gains, all major indices are on track for a negative week, with the Dow slipping by 0.1% and the S&P 500 declining by nearly 2% since the week began.
- The Nasdaq has been hit the hardest, plummeting over 3% due to struggles in the technology sector. This downward trend could lead to the index’s longest losing streak since December 2022.
Company Performance
- Equifax suffered a significant 9% drop following disappointing second-quarter guidance, while D.R. Horton saw a 4% increase after exceeding financial expectations for the quarter.
- According to FactSet, over 12% of S&P 500-listed companies have reported earnings,
Upper West Luxury Property In Berlin: Sale, Value,…
2024-04-18 03:00:00
The Upper West, which belonged to the US real estate investor RFR Holding, was sold to Signa Prime in November 2017. It was one of five luxury properties that Signa bought for a total of 1.5 billion euros. Now the Upper West is for sale again. The brokers Jones Lang LaSall (ALL) and the real estate subsidiary of the bank BNP Paribas were commissioned with the marketing.
Four percent return
“The Upper West is a great prime mixed-use property. It was valued at the end of 2022 at a range of around 660 to 700 million euros and it is now expected that the sale will bring in around 450 million euros,” a Signa insider tells KURIER. The latter assessment would mean a rental return of four percent with total rental income of almost 18 million euros. The Upper West is being sold now because leading lenders generally want to have a stable owner. Or to put it another way: The Upper West project company should be stabilized and thus protected from possible insolvency. According to Creditreform, the property is indebted to around 300 million euros. According to a German real estate newspaper, an insurance company is said to have granted a loan of this amount and this is likely to be secured by the property.
CURRENCY MARKET The Ariary Continues Its Rise
Ascending. The national currency continues to appreciate on the interbank currency market. Yesterday, the euro traded at 4,666.35 ariary, a net increase of forty-five points compared to the Mid standards in the space of two weeks.
According to the Ministry of Finance, this performance is due to the increase in the supply of foreign currencies on this market. This is due, among other things, to the repatriation and transfer of foreign currency for export products in the last quarter of 2023. Fluctuations of the ariary on the currency market can be represented in sawtooth with cycles, during which the rates of the ariary increase or decrease depending on imports and the international context, vis-à-vis the standards.
In its hundred-day objectives, the Ministry of Economy and Finance was committed to combating capital flight and repatriating foreign currency. Efforts that have produced convincing results. In the first three months of this year, the foreign exchange repatriation rate for previous exports and similar economic operations was 86% and 71%. For the department, it is the fruit of good governance and efforts made with economic operators.
Thus, the State makes the repatriation and transfer of currencies its hobby horse to better establish monetary stability in a fluctuating economy.
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NOS News•today, 1:30 PM•Adjusted today, 3:24 PM
ProRail is still unable to organize the track in such a way that trains run on time, the rail manager concludes in its own annual report. The company says it is working hard to improve.
It was taken out in February annual report of NS, which is responsible for most train traffic, is already clear that fewer travelers arrived on time last year. Especially in the autumn there were many disruptions and delayed and overcrowded trains. Last year, ProRail reported that travelers will travel by 2022 the most nuisance in years had to do on the track.
This year too, the standards for trains on normal track have not yet been met. While the goal is for a maximum of 8.5 percent of trains to depart with more than 5 minutes delay, this is now an average of 11 percent. In November last year, 18 percent of trains departed with more than 5 minutes delay, which amounts to almost one in five trains.
The percentage lags even further on the high-speed line: approximately 40 percent of trains now depart with delay,
Chip Machine Maker ASML Receives Fewer Orders In…
chipsector
The Dutch manufacturer of chip machines ASML received fewer new orders in the first quarter than experts expected. The company expects the sector to recover next year.
In the first three months of 2024, customers ordered 3.6 billion euros worth of new machines for semiconductor production. This is considerably less than in the fourth quarter of 2023, when ASML received almost 9.2 billion euros in orders.
ASML’s turnover fell to 5.3 billion euros, compared to 7.2 billion euros in the fourth quarter of last year. The net profit amounted to 1.2 billion euros. That was more than 2 billion euros a quarter earlier. The gross profit margin was 51 percent higher than ASML itself expected, says financial director Roger Dassen.
ASML sees 2024 as a “transition year” in which turnover will not increase, but significant investments are required for the expected growth of the chip sector after 2025. That is why the company previously announced cost savings.
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During His Tour Of The 135th China Import…
Premier Li Qiang emphasizes importance of innovation and development at the Canton Fair
Xinhua News Agency, Guangzhou, April 18. Premier Li Qiang visited the corporate pavilions of the 135th China Import and Export Fair (Canton Fair) on April 18. During his tour, he emphasized the need to implement General Secretary Xi Jinping’s instructions on running the Canton Fair well and promoting innovative development in the new era.
Li Qiang visited various corporate pavilions in the exhibition hall and interacted with exhibitors to learn about their products and innovations. He commended the companies for their achievements in technology accumulation and product innovation, encouraging them to continue improving their research and development capabilities. He also highlighted the importance of digital, intelligent, and green transformation in industries, urging Chinese enterprises to lead the way in these advancements.
The Premier also stressed the significance of utilizing the Canton Fair platform to enhance the visibility of Chinese brands and promote foreign trade. He encouraged buyers from different countries to facilitate cooperation between China and foreign nations for mutual benefit.
While visiting the Canton Fair Development History Exhibition Hall, Li Qiang emphasized the need for the fair to evolve and contribute to China’s high-level opening to the outside world and the development of an open world economy.