WASHINGTON (AP) — The Latest on U.S.-China trade tensions (all times local): 10:30 a.m. Spooked by worsening tensions over trade between the world's two largest economies, investors are selling stocks and commodities and buying safer assets. The Dow Jones industrial average and the Nasdaq composite index have each dropped more than 1.4 percent in early trading. That follows brisk selling in international markets. Hong Kong's Hang Seng index dropped 2.8 percent and France's CAC 40 slipped 1.4 percent. The sell-off came after President Donald Trump threatened to impose tariffs on an additional $200 billion in imports from China, and the Chinese government said it would retaliate. Large U.S.
Reported by SeattlePI.com 4 hours ago.
The Latest: US stock market falls over trade war fears
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ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) - Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate's passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with U.S. suppliers.
Reported by Reuters India 2 hours ago.
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Ageas and BlackRock: Transparency notification
*In accordance with the rules on financial transparency*, Blackrock has notified Ageas on 14 June 2018 that, on 12 June 2018, its shareholding stands at 5.07%.*
Reason for the notification
Acquisition or disposal of voting securities or voting rights
Notification by
A parent undertaking or a controlling person
Persons subject to the notification requirement
BlackRock, Inc. 55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock (Netherlands) B.V. Rembrandt Tower, 17th floor, Amstelplein, Amsterdam, Netherlands
BlackRock (Singapore) Limited 20 Anson Road #18-01, Singapore, 79912, Singapore
BlackRock Advisors (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Advisors, LLC 100 Bellevue Parkway, Wilmington, DE, 19809, U.S.A.
BlackRock Asset Management Canada Limited 161 Bay Street, Suite 2500, Toronto, Ontario, M5J 2S1, Canada
BlackRock Asset Management Deutschland AG Max-Joseph-Straße 6, Munich, 80333, Germany
BlackRock Asset Management North Asia Limited 15/F, 16/F, 17/F Citibank Tower & 17/F ICBC Tower, 3 Garden Road, Central, Hong Kong
BlackRock Financial Management, Inc. 55 East 52nd Street, New York, NY, 10055, U.S.A.
BlackRock Fund Advisors 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock Institutional Trust Company, National Association 400 Howard Street, San Francisco, CA, 94105, U.S.A.
BlackRock International Limited Exchange Place One, 1 Semple Street, Edinburgh, EH3 8BL, U.K.
BlackRock Investment Management (Australia) Limited Level 37, Chifley Tower, 2 Chifley Square, Sydney NSW 2000 Australia
BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue, London, EC2N 2DL, U.K.
BlackRock Investment Management, LLC 1 University Square Drive, Princeton, NJ, 8540, U.S.A.
BlackRock Japan Co., Ltd. 1-8-3 Marunouchi Chiyoda-ku, Trust Tower Main, Tokyo, 100-8217, Japan
Date on which the threshold is crossed
12 June 2018
Threshold that is crossed (in %)
5 %
Denominator
203,022,199
Notified details
*A) Voting rights* Previous notification After the transaction
# of voting rights # of voting rights % of voting rights
*Holders of voting rights* Linked to Not linked to Linked to Not linked to
securities the securities securities the securities
BlackRock, Inc.
BlackRock (Netherlands) B.V.
BlackRock (Singapore) Limited
BlackRock Advisors (UK) Limited
BlackRock Advisors, LLC
BlackRock Asset Management Canada Limited
BlackRock Asset Management Deutschland AG
BlackRock Asset Management North Asia Limited
BlackRock Financial Management, Inc.
BlackRock Fund Advisors
BlackRock Institutional Trust Company, National Association
BlackRock International Limited
BlackRock Investment Management (Australia) Limited
BlackRock Investment Management (UK) Limited
BlackRock Investment Management, LLC
BlackRock Japan Co., Ltd. 0
30,766
11,536
1,361,622
171,265
71,865
419,217
23,142
30,905
3,187,636
2,895,266
10,594
56,624
522,361
206,912
527,949 0
30,766
11,536
1,465,098
173,625
100,050
422,964
23,142
31,401
3,173,876
2,916,714
10,594
56,928
515,245
204,525
596,157 0.00%
0.02%
0.01%
0.72%
0.09%
0.05%
0.21%
0.01%
0.02%
1.56%
1.44%
0.01%
0.03%
0.25%
0.10%
0.29%
*9,527,660* *9,732,621* * * *4.79%* * *
*TOTAL* *9,732,621* * * *4.79**%* *0.00%*
*B)* *Equivalent financial instruments* After the transaction
*Holders of equivalent financial instruments* Type of financial instrument Expiration date Exercise period or date # of voting rights that may be acquired if the instrument is exercised % of voting rights Settlement
BlackRock Advisors (UK) Limited Securities Lent 120,229 0.06% physical
BlackRock Asset Management Canada Limited Securities Lent 47,992 0.02% physical
BlackRock Investment Management (UK) Limited Securities Lent 9,100 0.00% physical
BlackRock Japan Co., Ltd. Securities Lent 212,135 0.10% physical
BlackRock Advisors (UK) Limited Contract For Difference 5,570 0.00% cash
BlackRock Advisors, LLC Contract For Difference 1,868 0.00% cash
BlackRock Institutional Trust Company, National Association Contract For Difference 9,391 0.00% cash
BlackRock Investment Management (UK) Limited Contract For Difference 828 0.00% cash
BlackRock Investment Management, LLC Contract For Difference 149,701 0.07% cash
BlackRock Investment Management, LLC Depositary Receipt 36 0.00% physical
*TOTAL* * * * * *556,850* *0.27%* * *
*Total A & B* # of voting rights % of voting rights
10,289,471 5.07%
* article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions
Chain of controlled undertakings through which the holding is effectively held, if applicable
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited
BlackRock Lux Finco S.a.r.l.
BlackRock Trident Holding Company Limited
BlackRock Japan Holdings GK
BlackRock Japan Co., Ltd.
BlackRock, Inc.
Trident Merger, LLC
BlackRock Investment Management, LLC
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock Investment Management (UK) Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Australia Holdco Pty. Ltd.
BlackRock Investment Management (Australia) Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock International Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Institutional Trust Company, National Association
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Holdco 4, LLC
BlackRock Holdco 6, LLC
BlackRock Delaware Holdings Inc.
BlackRock Fund Advisors
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock HK Holdco Limited
BlackRock Asset Management North Asia Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock Investment Management (UK) Limited
BlackRock Asset Management Deutschland AG
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Holdco 3, LLC
BlackRock Canada Holdings LP
BlackRock Canada Holdings ULC
BlackRock Asset Management Canada Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock Capital Holdings, Inc.
BlackRock Advisors, LLC
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock Advisors (UK) Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock (Singapore) Holdco Pte. Ltd.
BlackRock (Singapore) Limited
BlackRock, Inc.
BlackRock Holdco 2, Inc.
BlackRock Financial Management, Inc.
BlackRock International Holdings, Inc.
BR Jersey International Holdings L.P.
BlackRock Group Limited
BlackRock (Netherlands) B.V.
Additional information
The disclosure obligation arose due to total holding in voting rights for BlackRock, Inc. going above 5%.
This press release and the notifications received by Ageas are available on the website.
*Ageas* is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 50,000 people and reported annual inflows close to EUR 34 billion in 2017 (all figures at 100%).
*Attachment*
· Pdf version of the press release.pdf Reported by GlobeNewswire 3 hours ago.
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New Research: Global Marketers Reveal that Audience-Based Strategies Deliver More Impactful Campaigns
Benefits of an audience-based approach are improved brand awareness, positive impact on purchase considerations, and increased brand loyalty
CHICAGO, June 19, 2018 (GLOBE NEWSWIRE) -- According to a new report released today by 4C, a global data science and marketing technology company, and Advertiser Perceptions, the leader in data-driven business intelligence for the advertising industry, the majority of global marketers (89%) agree that advertisers who build their strategies around audiences rather than individual media platforms create more impactful campaigns.The report, Making Audiences Actionable: Envisioning A Frictionless Cross-Channel Advertising Future, is based on a survey of 300 advertising decision makers from brands and agencies across the U.S. and the U.K. According to the report, marketers have started to adopt a cross-channel approach to planning and buying in response to new multi-screen consumer behaviors. 75% of respondents indicate that they are already executing campaigns that include more than one type of media.
However, survey respondents say that marketing challenges persist despite their efforts to tie channels together, with the biggest issues being measurement (52%), reach and frequency optimization (45%), and targeting precision (37%). The challenges are particularly heightened when integrating TV and digital campaigns, as 84% of advertisers report that they would increase their TV budgets if it offered the same level of accountability, transparency, and understanding about the consumer that is afforded by digital media.
The solution to these challenges is an audience-based approach, according to those surveyed, which greatly improves several outcomes: increased brand awareness (45%), purchase consideration metrics such as website or store visits (43%), better targeting and frequency optimization (39%), directly attributable actions such as logins or downloads (39%), and better brand loyalty (39%).
“Marketers have started to adopt cross-channel campaigns, but to truly market the way that consumers consume – seamlessly across screens, at the time and place of their choosing – they must get out of a channel-specific mindset and put audiences at the center of planning and buying,” said Lance Neuhauser, CEO, 4C. “It’s clear from the survey that brands and agencies are headed in this direction, as 88% of respondents say that audience-based marketing campaigns and budgets will surge in the coming years.”
To achieve audience-based marketing in a fragmented media landscape, the majority of advertisers (85%) say they require a new marketing structure that enables seamless operation between publishers and platforms, including digital and TV. Scope by 4C™ is designed to address this urgent need, as the first self-serve platform to unify audience intelligence, activation, and analytics across TV, social, digital, and mobile marketplaces.
Visit www.4cinsights.com/AdvertiserPerceptions to download the report and learn more about the benefits of audience-centric marketing.
*About 4C Insights*
4C is a global marketing technology company that delivers a unified platform for audience discovery, media execution, and performance analysis. Leading brands, global agencies, and media owners trust the Scope by 4C™ platform to identify their most valuable audiences and reach them across channels and devices. With nearly $2 billion in annualized advertising spend running through Scope, 4C enables self-service activation on Apple News, Facebook, Instagram, LinkedIn, NBCUniversal, Pinterest, Snapchat, and Twitter as well as TV synced ads via display, search, social, and video. The company also provides paid, earned, and owned media analytics leveraging its Teletrax™ television monitoring network which detects over 400 million TV asset airings on an annual basis. Founded in 2011 and based in Chicago, 4C has staff in 16 worldwide locations across the United States, United Kingdom, the Netherlands, France, Hong Kong, India, Singapore, and the Philippines. Visit www.4Cinsights.com for more information.
*About Advertiser Perceptions*
Advertiser Perceptions is the global leader in research-based business intelligence for the advertising industry. Our exclusive insights, practical advice and knowledgeable guidance produce actionable solutions that deliver results and enable our clients to thrive in today’s complex and competitive advertising market. For more information about our services or to arrange a private briefing, please contact us at 212-626-6683 or info@AdvertiserPerceptions.com.
*Media Contact*
Kari Brownsberger
VP, Marketing Communications
Kari.brownsberger@4cinsights.com Reported by GlobeNewswire 2 hours ago.
CHICAGO, June 19, 2018 (GLOBE NEWSWIRE) -- According to a new report released today by 4C, a global data science and marketing technology company, and Advertiser Perceptions, the leader in data-driven business intelligence for the advertising industry, the majority of global marketers (89%) agree that advertisers who build their strategies around audiences rather than individual media platforms create more impactful campaigns.The report, Making Audiences Actionable: Envisioning A Frictionless Cross-Channel Advertising Future, is based on a survey of 300 advertising decision makers from brands and agencies across the U.S. and the U.K. According to the report, marketers have started to adopt a cross-channel approach to planning and buying in response to new multi-screen consumer behaviors. 75% of respondents indicate that they are already executing campaigns that include more than one type of media.
However, survey respondents say that marketing challenges persist despite their efforts to tie channels together, with the biggest issues being measurement (52%), reach and frequency optimization (45%), and targeting precision (37%). The challenges are particularly heightened when integrating TV and digital campaigns, as 84% of advertisers report that they would increase their TV budgets if it offered the same level of accountability, transparency, and understanding about the consumer that is afforded by digital media.
The solution to these challenges is an audience-based approach, according to those surveyed, which greatly improves several outcomes: increased brand awareness (45%), purchase consideration metrics such as website or store visits (43%), better targeting and frequency optimization (39%), directly attributable actions such as logins or downloads (39%), and better brand loyalty (39%).
“Marketers have started to adopt cross-channel campaigns, but to truly market the way that consumers consume – seamlessly across screens, at the time and place of their choosing – they must get out of a channel-specific mindset and put audiences at the center of planning and buying,” said Lance Neuhauser, CEO, 4C. “It’s clear from the survey that brands and agencies are headed in this direction, as 88% of respondents say that audience-based marketing campaigns and budgets will surge in the coming years.”
To achieve audience-based marketing in a fragmented media landscape, the majority of advertisers (85%) say they require a new marketing structure that enables seamless operation between publishers and platforms, including digital and TV. Scope by 4C™ is designed to address this urgent need, as the first self-serve platform to unify audience intelligence, activation, and analytics across TV, social, digital, and mobile marketplaces.
Visit www.4cinsights.com/AdvertiserPerceptions to download the report and learn more about the benefits of audience-centric marketing.
*About 4C Insights*
4C is a global marketing technology company that delivers a unified platform for audience discovery, media execution, and performance analysis. Leading brands, global agencies, and media owners trust the Scope by 4C™ platform to identify their most valuable audiences and reach them across channels and devices. With nearly $2 billion in annualized advertising spend running through Scope, 4C enables self-service activation on Apple News, Facebook, Instagram, LinkedIn, NBCUniversal, Pinterest, Snapchat, and Twitter as well as TV synced ads via display, search, social, and video. The company also provides paid, earned, and owned media analytics leveraging its Teletrax™ television monitoring network which detects over 400 million TV asset airings on an annual basis. Founded in 2011 and based in Chicago, 4C has staff in 16 worldwide locations across the United States, United Kingdom, the Netherlands, France, Hong Kong, India, Singapore, and the Philippines. Visit www.4Cinsights.com for more information.
*About Advertiser Perceptions*
Advertiser Perceptions is the global leader in research-based business intelligence for the advertising industry. Our exclusive insights, practical advice and knowledgeable guidance produce actionable solutions that deliver results and enable our clients to thrive in today’s complex and competitive advertising market. For more information about our services or to arrange a private briefing, please contact us at 212-626-6683 or info@AdvertiserPerceptions.com.
*Media Contact*
Kari Brownsberger
VP, Marketing Communications
Kari.brownsberger@4cinsights.com Reported by GlobeNewswire 2 hours ago.
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Global stocks tumble as Trump escalates trade war with threatens of more China tariffs
Global stock markets slumped Tuesday after US President Donald Trump threatened to put tariffs on another US$200 billion in imports from China, and the Chinese government said it would retaliate, bringing tensions between the world’s two largest economies closer to a boil. In early trading, the Dow Jones Industrial Average was down 412 points, or 1.7 per cent. The Hang Seng index in Hong Kong lost 2.8 per cent. Major stock indices in Asia and Europe also took sharp losses. Trump’s...
Reported by S.China Morning Post 2 hours ago.
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China seeking jetliners as French prime minister prepares to head to Beijing
China Eastern Airlines has called for bids to supply 150 single-aisle jetliners like the Airbus A320 or Boeing 737 as Airbus seeks to revive a stalled plane deal with China, industry sources said. The Airbus talks come as French Prime Minister Edouard Philippe prepares to embark on an official trip to Beijing this weekend and as the United States threatens to impose new tariffs on Chinese goods. Hong Kong’s Cathay Pacific Airways fears US-China trade war will hurt vital cargo business...
Reported by S.China Morning Post 2 hours ago.
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Buyer of world-record US$760,000 parking space is boss of Hong Kong financial company
One of the Hong Kong residents who spent a jaw-dropping HK$6 million (US$760,000) on the world’s most expensive parking space has been identified as the head of a financial company in the city. Jack Chan Siu-kit and Cheung Tsui-ling are the mystery buyers of the parking bay at the Ultima luxury residential development in Ho Man Tin, according to data released by the Land Registry on Wednesday. The pair forked out HK$44,444 per square foot for the space this month, handing the Hong Kong...
Reported by S.China Morning Post 7 hours ago.
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Titan Medical’s Head of Intellectual Property Recognized as a Global IP Strategy Leader by Intellectual Asset Management
TORONTO, June 20, 2018 (GLOBE NEWSWIRE) -- *Titan Medical Inc. (“Titan” or the “Company”)* (TSX:TMD) (OTCQB:TITXD), a medical device company focused on the design, development and commercialization of a robotic surgical system for application in minimally invasive surgery, announces that Jasminder Brar, Titan Medical’s Director of Strategic Development and Intellectual Property, was recognized by Intellectual Asset Management (IAM) as a global IP strategy leader.IAM, a leading IP business media platform, named Mr. Brar to the 2018 edition of IAM Strategy 300 – The World’s Leading IP Strategists. The guide lists the individuals that in-depth research undertaken by a team in London, Washington, DC and Hong Kong has shown possess world-class skills in the development and roll-out of strategies that maximize the value of patents, copyright, trademarks and other IP rights. Included in the guide are third-party IP advisers as well as individuals working inside operating companies, reflecting the growing importance that businesses across the world attach to having in-house IP value creation expertise.
This is the fourth consecutive year that Mr. Brar has been included in the guide.
“Intellectual property continues to be absolutely vital to our success and we are proud that Jasminder’s leadership of our efforts and accomplishments has been recognized,” said David McNally, President and CEO of Titan Medical. “I want to congratulate Jasminder on his inclusion in the IAM Strategy 300 for the fourth consecutive year and acknowledge his leadership and know-how in advancing our strategic intellectual property efforts.”
The 2018 edition of the guide can be found here and a press release by IAM can be found here.
*About Titan Medical Inc.*
Titan Medical Inc. is focused on research and development through to the planned commercialization of computer-assisted robotic surgical technologies for application in minimally invasive surgery. The Company is developing the SPORT Surgical System, a single-port robotic surgical system. The SPORT Surgical System is comprised of a surgeon-controlled patient cart that includes a 3D high-definition vision system and multi-articulating instruments for performing MIS procedures, and a surgeon workstation that provides an advanced ergonomic interface to the patient cart and a 3D endoscopic view inside the patient’s body. Titan intends to initially pursue focused surgical indications for the SPORT Surgical System, which may include one or more of gynecologic, urologic, colorectal or general abdominal procedures.
For more information, please visit the Company’s website at www.titanmedicalinc.com.
*Forward-Looking Statements*
This news release contains “forward-looking statements” which reflect the current expectations of management of the Company’s future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “potential for” and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the “Risk Factors” section of the Company’s Annual Information Form dated March 31, 2018 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance, or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements.
Contacts:
LHA Investor Relations
Kim Sutton Golodetz
(212) 838-3777
kgolodetz@lhai.com
or
Bruce Voss
(310) 691-7100
bvoss@lhai.com Reported by GlobeNewswire 7 hours ago.
This is the fourth consecutive year that Mr. Brar has been included in the guide.
“Intellectual property continues to be absolutely vital to our success and we are proud that Jasminder’s leadership of our efforts and accomplishments has been recognized,” said David McNally, President and CEO of Titan Medical. “I want to congratulate Jasminder on his inclusion in the IAM Strategy 300 for the fourth consecutive year and acknowledge his leadership and know-how in advancing our strategic intellectual property efforts.”
The 2018 edition of the guide can be found here and a press release by IAM can be found here.
*About Titan Medical Inc.*
Titan Medical Inc. is focused on research and development through to the planned commercialization of computer-assisted robotic surgical technologies for application in minimally invasive surgery. The Company is developing the SPORT Surgical System, a single-port robotic surgical system. The SPORT Surgical System is comprised of a surgeon-controlled patient cart that includes a 3D high-definition vision system and multi-articulating instruments for performing MIS procedures, and a surgeon workstation that provides an advanced ergonomic interface to the patient cart and a 3D endoscopic view inside the patient’s body. Titan intends to initially pursue focused surgical indications for the SPORT Surgical System, which may include one or more of gynecologic, urologic, colorectal or general abdominal procedures.
For more information, please visit the Company’s website at www.titanmedicalinc.com.
*Forward-Looking Statements*
This news release contains “forward-looking statements” which reflect the current expectations of management of the Company’s future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “may”, “would”, “could”, “will”, “anticipate”, “believe”, “plan”, “expect”, “intend”, “estimate”, “potential for” and similar expressions have been used to identify these forward-looking statements. These statements reflect management’s current beliefs with respect to future events and are based on information currently available to management. Forward-looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements, including, without limitation, those listed in the “Risk Factors” section of the Company’s Annual Information Form dated March 31, 2018 (which may be viewed at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance, or achievements may vary materially from those expressed or implied by the forward-looking statements contained in this news release. These factors should be considered carefully, and prospective investors should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in the news release are based upon what management currently believes to be reasonable assumptions, the Company cannot assure prospective investors that actual results, performance or achievements will be consistent with these forward-looking statements.
Contacts:
LHA Investor Relations
Kim Sutton Golodetz
(212) 838-3777
kgolodetz@lhai.com
or
Bruce Voss
(310) 691-7100
bvoss@lhai.com Reported by GlobeNewswire 7 hours ago.
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CLPS Incorporation Releases Chairman's Letter to the Company's Shareholders
Shanghai, China, June 20, 2018 (GLOBE NEWSWIRE) -- CLPS Incorporation (the "Company", “CLPS”, or Nasdaq: CLPS), a leading information technology (“IT”) consulting and solutions service provider focusing on the banking, insurance and financial sectors in China and globally, today released a letter to shareholders from the Chairman of the Company's Board of Directors, the full text of which is provided below. All CLPS shareholders are encouraged to read it.Dear Shareholders,
So far, this year has been extraordinary for our Company. In May 2018, we completed our initial public offering and listing of our securities on the Nasdaq Stock Market in the United States, marking a new era for CLPS Incorporation as a US-listed public company. Following this success, CLPS will continue to serve its existing client base and partners in the financial sector. The Company will also work on enhancing its original financial technology service offerings to expand to international markets, serve international customers, and provide innovative solutions and products to support more world-class technology customers. The successful listing of the Company’s securities on Nasdaq is a new beginning for our Company. CLPS will continue to rely on its strength and corporate strategy to develop, improve, innovate and expand to strengthen the Company and enhance shareholder value.
The financial IT services market continues to grow and expand in China and globally. The demand for these services is fueled by China’s economic growth and the need for continuous upgrade and maintenance of financial information technology. While the demand for financial IT services has increased, the availability of human capital to supply these services remains constrained. Financial institutions require in-depth understanding and knowledge of business processes driven and supported by IT. At the same time, large-scale institutions require highly trained personnel on a cost competitive basis to alleviate shortages of qualified personnel. We strive to meet this demand through and by means of our platform, the CLPS College, which recruits, trains, develops and retains employees. We have collaborated with more than 100 universities to leverage technical curriculum and provide professional certifications and we have developed a deep pool of talent to support complex IT projects. Our training programs provide industry expertise with up to date financial domain knowledge, technical development and skills in advanced programming languages and solutions. More than 70% of our personnel are dedicated to serving foreign financial institution clients. We have broad geographic reach to support customers. Currently, we have over 1600 IT professional staff in 11 offices.
Going forward, we intend to pursue the following objectives:
· Revenue growth - We intend to continue to grow revenue from both existing Chinese and global clients as well as target new Chinese and global clients, using our comprehensive service and solution offerings and deep domain expertise in the financial industry. Furthermore, we intend to continue to invest in a delivery platform that benefits both Chinese and global clients, capturing synergies between the Chinese and global markets to benefit both groups of clients. As part of these efforts, we intend to hire a U.S. based senior executive to head a wholly owned U.S. subsidiary to expand our business in North America before the end of the calendar year.
· Continuous Research and Development - We also intend to deepen our domain knowledge in the financial industry and relevant business-specific processes. As we continue to invest in research and development, we will focus on solutions that leverage our industry expertise to combine proprietary applications with industry and client specific needs.
· Investment in the Training and Development of Human Capital - We view our human capital base as an important competitive advantage. Our Talent Creation Program and Talent Development Program ensure our sustainable supply of financial IT talent resources. We intend to build on and leverage existing training programs and the CLPS College, to expand to other key cities and other industries (e.g., insurance), to tap deeper into CLPS’s talent pool. We expect to open additional training centers overseas to accommodate future demand for our services and solutions overseas.
· Improved Operational Efficiency - We anticipate developing operating efficiencies by leveraging historical and ongoing investments in infrastructure, research and development and human capital. Our business operates on a single, integrated platform, which allows for economies of scale across our business. We expect to continue to invest in our IT infrastructure as well as more advanced technologies, such as cloud computing, to enhance our scalability and increase efficiencies. We also expect our human capital initiatives to increase efficiencies in human capital allocation, increasing overall productivity.
· Strategic Alliances and Acquisitions - We intend to continue our pursuits of strategic alliances and acquisitions to enhance our industry-specific technology and service delivery capabilities by building on our track record of successfully acquiring and integrating targeted companies. In that respect, we intend to continue to identify and assess opportunities to enhance our abilities to serve our clients, with a particular focus on enhancing our technology capabilities, deepening our penetration into key clients, expanding our portfolio of service offerings and expanding our operations geographically.
*********
As stated above, our recently completed IPO and Nasdaq listing provide a firm foundation for the Company’s future growth and value creation. We intend to deliver and execute upon our business objectives.
On behalf of the Company’s management team, I wish to express my deep appreciation and gratitude for your support and confidence in the Company.
With sincerity and determination,
Xiao Feng Yang
Chairman, President
CLPS Incorporation
*About CLPS Incorporation*
Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology (“IT”), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.
*Forward-Looking Statements*
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including, among others. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including, without limitation, the Company’s ability to achieve revenue growth, market and client expansion as intended, among other factors. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
CONTACT: For more information, please contact Investor Relations at:
In China:
CLPS Incorporation
Tian van Acken
Phone: +86-158-0198-4357
Chief Financial Officer
Email: ir@clpsglobal.com
In the United States:
Ascent Investor Relations LLC
Nicolas Palar
Phone: +1-646-932-7202
Email: npalar@ascent-ir.com
Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com Reported by GlobeNewswire 7 hours ago.
So far, this year has been extraordinary for our Company. In May 2018, we completed our initial public offering and listing of our securities on the Nasdaq Stock Market in the United States, marking a new era for CLPS Incorporation as a US-listed public company. Following this success, CLPS will continue to serve its existing client base and partners in the financial sector. The Company will also work on enhancing its original financial technology service offerings to expand to international markets, serve international customers, and provide innovative solutions and products to support more world-class technology customers. The successful listing of the Company’s securities on Nasdaq is a new beginning for our Company. CLPS will continue to rely on its strength and corporate strategy to develop, improve, innovate and expand to strengthen the Company and enhance shareholder value.
The financial IT services market continues to grow and expand in China and globally. The demand for these services is fueled by China’s economic growth and the need for continuous upgrade and maintenance of financial information technology. While the demand for financial IT services has increased, the availability of human capital to supply these services remains constrained. Financial institutions require in-depth understanding and knowledge of business processes driven and supported by IT. At the same time, large-scale institutions require highly trained personnel on a cost competitive basis to alleviate shortages of qualified personnel. We strive to meet this demand through and by means of our platform, the CLPS College, which recruits, trains, develops and retains employees. We have collaborated with more than 100 universities to leverage technical curriculum and provide professional certifications and we have developed a deep pool of talent to support complex IT projects. Our training programs provide industry expertise with up to date financial domain knowledge, technical development and skills in advanced programming languages and solutions. More than 70% of our personnel are dedicated to serving foreign financial institution clients. We have broad geographic reach to support customers. Currently, we have over 1600 IT professional staff in 11 offices.
Going forward, we intend to pursue the following objectives:
· Revenue growth - We intend to continue to grow revenue from both existing Chinese and global clients as well as target new Chinese and global clients, using our comprehensive service and solution offerings and deep domain expertise in the financial industry. Furthermore, we intend to continue to invest in a delivery platform that benefits both Chinese and global clients, capturing synergies between the Chinese and global markets to benefit both groups of clients. As part of these efforts, we intend to hire a U.S. based senior executive to head a wholly owned U.S. subsidiary to expand our business in North America before the end of the calendar year.
· Continuous Research and Development - We also intend to deepen our domain knowledge in the financial industry and relevant business-specific processes. As we continue to invest in research and development, we will focus on solutions that leverage our industry expertise to combine proprietary applications with industry and client specific needs.
· Investment in the Training and Development of Human Capital - We view our human capital base as an important competitive advantage. Our Talent Creation Program and Talent Development Program ensure our sustainable supply of financial IT talent resources. We intend to build on and leverage existing training programs and the CLPS College, to expand to other key cities and other industries (e.g., insurance), to tap deeper into CLPS’s talent pool. We expect to open additional training centers overseas to accommodate future demand for our services and solutions overseas.
· Improved Operational Efficiency - We anticipate developing operating efficiencies by leveraging historical and ongoing investments in infrastructure, research and development and human capital. Our business operates on a single, integrated platform, which allows for economies of scale across our business. We expect to continue to invest in our IT infrastructure as well as more advanced technologies, such as cloud computing, to enhance our scalability and increase efficiencies. We also expect our human capital initiatives to increase efficiencies in human capital allocation, increasing overall productivity.
· Strategic Alliances and Acquisitions - We intend to continue our pursuits of strategic alliances and acquisitions to enhance our industry-specific technology and service delivery capabilities by building on our track record of successfully acquiring and integrating targeted companies. In that respect, we intend to continue to identify and assess opportunities to enhance our abilities to serve our clients, with a particular focus on enhancing our technology capabilities, deepening our penetration into key clients, expanding our portfolio of service offerings and expanding our operations geographically.
*********
As stated above, our recently completed IPO and Nasdaq listing provide a firm foundation for the Company’s future growth and value creation. We intend to deliver and execute upon our business objectives.
On behalf of the Company’s management team, I wish to express my deep appreciation and gratitude for your support and confidence in the Company.
With sincerity and determination,
Xiao Feng Yang
Chairman, President
CLPS Incorporation
*About CLPS Incorporation*
Headquartered in Shanghai, China, CLPS Incorporation (the "Company") (Nasdaq: CLPS) is a global leading information technology (“IT”), consulting and solutions service provider focusing on the banking, insurance and financial sectors. The Company serves as an IT solutions provider to a growing network of clients in the global financial industry, including large financial institutions in the US, Europe, Australia and Hong Kong and their PRC-based IT centers. The Company maintains eleven delivery and/or research & development centers to serve different customers in various geographic locations. Mainland China centers are located in Shanghai, Beijing, Dalian, Tianjin, Chengdu, Guangzhou and Shenzhen. The remaining four global centers are located in Hong Kong, Taiwan, Singapore and Australia. For further information regarding the Company, please visit: http://ir.clpsglobal.com/.
*Forward-Looking Statements*
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements, including, among others. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including, without limitation, the Company’s ability to achieve revenue growth, market and client expansion as intended, among other factors. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
CONTACT: For more information, please contact Investor Relations at:
In China:
CLPS Incorporation
Tian van Acken
Phone: +86-158-0198-4357
Chief Financial Officer
Email: ir@clpsglobal.com
In the United States:
Ascent Investor Relations LLC
Nicolas Palar
Phone: +1-646-932-7202
Email: npalar@ascent-ir.com
Tina Xiao
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com Reported by GlobeNewswire 7 hours ago.
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International Day of Yoga Hong Kong – celebrate with a rooftop class or get your children to strike a pose
Yoga is known to relieve stress and anxiety, and is believed to help improve your quality of sleep, fight depression and reduce chronic pain – in other words, to boost your quality of life. That is why, on June 21, we celebrate the International Day of Yoga. The 5,000-year-old tradition melds physical and mindful techniques, such as breathing exercises, meditation and strength work, to promote inner harmony. This man helped introduce yoga to Hong Kong 30 years ago Originating in India,...
Reported by S.China Morning Post 7 hours ago.
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Only Hooters restaurant in Hong Kong closed as questions linger after two lawsuits
The only Hong Kong branch of the American restaurant chain Hooters has shuttered its prime location after facing two lawsuits for unpaid rent. Situated on Wyndham Street in Central, the doors to the outlet were closed and covered with cardboard and a notice indicating it was “relocating to an exciting new store in Kowloon”. Alongside the announcement, which appeared on Sunday, were posters promoting ‘2018 World Cup Live’. It was unclear whether the closure of the Hong...
Reported by S.China Morning Post 7 hours ago.
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Manulife Hong Kong launches ManuDelight Annuity Plan Simple, flexible retirement plan offers extra income protection
HONG KONG, June 20, 2018 /PRNewswire/ -- Manulife Hong Kong has launched ManuDelight Annuity Plan, an innovative solution for young and middle-aged people who want guaranteed retirement income in the future but also flexibility and extra income protection in case their circumstances change.Wilton Kee, Chief Product Officer for Individual Financial Products, Manulife Hong Kong, introduces the features of the newly launched ManuDelight Annuity Plan, which is specifically designed for young and middle-aged pre-retirees.ManuDelight's first-in-market feature gives customers both guaranteed income and flexible options, including the ability to enjoy retirement earlier or later than planned. Customers make contributions to the plan during their working lives and then receive regular income upon retirement.
Based on their individual retirement goals, people can choose:
· How long to pay premiums
· How much retirement income to receive each month
· When to start receiving retirement income and until when
· Whether to receive income for a set period or until their death
Recognizing that people's needs may change, ManuDelight gives policyholders the flexibility to change when they start receiving retirement income at any time before their income period starts, as long as the policy has been paid up. Monthly income will then be re-calculated based on the new income start age.
"Manulife developed ManuDelight after seeing a growing need for a simple and flexible annuity product specifically designed for young and middle-aged pre-retirees in Hong Kong," said Wilton Kee, Chief Product Officer for Individual Financial Products at Manulife Hong Kong.
"It is ideal for those who want to begin saving in their prime to ensure they will have a stable retirement income and who also recognize that their circumstances may change at different life stages. Flexibility is important, as many customers are uncertain about their actual retirement needs. ManuDelight delivers this flexibility and is a carefully designed addition to Manulife's comprehensive annuity products suite."
In addition to a guaranteed income stream and flexible options, ManuDelight also offers customers:
· *Extra income protection* against severe stroke, kidney failure or Parkinson's disease. If customers are diagnosed with one of these serious conditions, ManuDelight will provide extra financial support with up to twice the guaranteed monthly income for the duration of their income period
· *Non-guaranteed monthly income* funded by their terminal bonus, which mainly depends on the performance of equity investments
· The option to *realize up to 50% of the terminal bonus*
According to a recent survey by Manulife Hong Kong of 471 pre-retirees aged 30 to 54, people start saving for retirement at 41 years old on average and expect to retire by 61. They anticipate post-retirement living expenses of around HK$13,000 per month.
The survey showed that, with only 20 years of savings to rely on, people across different age groups are most concerned about health deterioration (64%), their ability to pay for medical expenses (60%) and maintaining their current standard of living (47%) in retirement.
More worryingly, only 49% of respondents have started saving for retirement, allocating an average of 24% of their monthly income for this purpose.
Asked about their preferences for annuity products, 75% of respondents aged 50 to 54 want to start receiving income at age 65, while 60% of those aged 30 to 49 want to start at age 55.
"As a customer-centric insurer, we created ManuDelight to cater to people's needs for annuity incomes and address what matters most to them," Kee said. "At Manulife, we believe in the three pillars of retirement planning -- build wealth, protect wealth and enjoy wealth. As a way to make lives better and successfully navigate retirement life, ManuDelight is a simple and straightforward step that people can take to start accumulating a retirement fund that ensures a regular income stream with flexible options and extra income protection."
Manulife offers a range of savings and retirement solutions catering to different needs at different life stages. La Vie and ManuPrestige are for younger savers, while targeted annuity products such as ManuDelight are aimed at younger pre-retirees. MyChoice is for those closer to retirement and ManuJoy is for those in retirement.
For more details about Manulife's diversified savings and retirement solutions, please visit here. More details of ManuDelight and its product features including terminal bonus can be found here.
Wilton Kee, Chief Product Officer for Individual Financial Products, Manulife Hong Kong, introduces the features of the newly launched ManuDelight Annuity Plan, which is specifically designed for young and middle-aged pre-retirees.
*About Manulife Hong Kong*
Manulife Hong Kong offers a diverse range of protection and wealth products and services to individual and corporate customers via Manulife (International) Limited, Manulife Asset Management (Hong Kong) Limited and Manulife Provident Funds Trust Company Limited, which are members of the Manulife group of companies.
*About Manulife*
Manulife Financial Corporation is a leading international financial services group that helps people make their decisions easier and lives better. We operate primarily as John Hancock in the United States and Manulife elsewhere. We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. At the end of 2017, we had about 35,000 employees, 73,000 agents, and thousands of distribution partners, serving more than 26 million customers. As of March 31, 2018, we had over C$1.1 trillion (HK$6.7 trillion) in assets under management and administration, and in the previous 12 months we made C$26.9 billion in payments to our customers. Our principal operations are in Asia, Canada and the United States where we have served customers for more than 100 years. With our global headquarters in Toronto, Canada, we trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges and under '945' in Hong Kong.
Photo - https://photos.prnasia.com/prnh/20180620/2168258-1
Reported by PR Newswire Asia 7 hours ago.
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Hong Kong’s young smugglers told: get caught and your age won’t save you from decades in jail
Hong Kong’s young adults have been told age and a clean record will not save them from a lengthy jail sentence if they are caught smuggling drugs or other contraband into the city. The warning came from Ida Ng Kit-ching, the head of the Rail and Ferry Command at Customs & Excise Department, as she revealed 92 young offenders had been arrested in the first five months of this year, a rise of 46 per cent on 2017. Ng said the case of a 20-year-old, who was sentenced to 22½ years...
Reported by S.China Morning Post 7 hours ago.
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ZTE shares bounce back ahead of Trump meeting with Republican senators
Shares of ZTE Corp rose 20 per cent on Wednesday to close at HK$11.82 in Hong Kong, clawing back most of Tuesday’s 25 per cent loss in trading, as US President Donald Trump prepares to pressure lawmakers to stick with a White House-brokered deal to save the Chinese telecommunications equipment maker. Despite chalking up its first gain since resuming trade, Shenzhen-based ZTE has lost about half its market cap and remains not far off a two-year low. US President Donald Trump was expected...
Reported by S.China Morning Post 7 hours ago.
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Taiwan-based media startup The News Lens raises Series C for its international growth plans
The News Lens launched in 2013 as an independent news site for Taiwanese readers disenchanted with the country’s tabloid-ridden media. Now it has 9 million monthly unique readers, offices in Taipei and Hong Kong and just announced it has raised a Series C. The Taipei-based startup did not disclose the exact amount of the round, […]
Reported by TechCrunch 7 hours ago.
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BSE Sensex soars 261 points on value-buying, global rebound
Benchmarks snapped their two-session falling streak to finish with smart gains today, spurred by bargain hunting in recently-battered metal and bank stocks amid a rebound in global equities.
The BSE Sensex vaulted almost 261 points to close at 35,547.33, while the broader NSE Nifty climbed 61.60 points to 10,772.05
Index heavyweight Reliance Industries topped the gainers list in the Sensex pack, spurting 2.44 per cent to a record closing high of Rs 1,019.95.
Asian and European stocks bounced back, reversing some of their recent losses following escalating trade tensions between the US and China.
The 30-share Sensex stayed in the green throughout and hit the day's high of 35,571.37 on a flurry of buying. It finally ended at 35,547.33, up 260.59 points, or 0.74 per cent.
The gauge had lost 335.40 points in the previous two sessions, tracking a sell-off across global markets after the US and China reignited their trade dispute.
The broader NSE Nifty climbed 61.60 points, or 0.58 per cent, to close at 10,772.05. Intra-day, it shuttled between 10,781.80 and 10,724.05.
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 653.68 crore while foreign portfolio investors (FPIs) sold equities to the tune of Rs 1,324.92 crore yesterday, as per provisional data.
"Despite trade tensions, the market traded in a positive note by snapping two days of downtrend on the back of positive global peers.
"Rupee gained as oil price remained low ahead of OPEC meeting on Friday. Bank Nifty outperformed due to a slide in 10-year yield after RBI's announcement of open market purchase. The continuing uncertainty on trade tariff is likely to cap gains," said Vinod Nair, Head of Research, Geojit Financial Services.
Other prominent index gainers included IndusInd Bank 2.27 per cent, Vedanta 2.10 per cent, Yes Bank 1.66 per cent, Kotak Bank 1.58 per cent, Tata Steel 1.52 per cent, HDFC Bank 1.50 per cent and HDFC Ltd 1.25 per cent.
However, ONGC fell 1.24 per cent, Coal India 0.92 per cent, ITC Ltd 0.90 per cent, Wipro 0.59 per cent, L&T 0.54 per cent and Infosys 0.06 per cent.
Sectorally, the BSE metal index emerged as the best performer by rising 1.09 per cent, followed by bankex 1.04 per cent, realty 0.83 per cent, power 0.63 per cent, consumer durables 0.53 per cent, auto 0.45 per cent and healthcare 0.32 per cent.
FMCG, capital goods, oil and gas, PSU and IT indices ended in the red, falling up to 0.36 per cent.
The broader markets too were in better shape as investors accumulated stocks available at attractive levels. The BSE small-cap index rose 0.27 per cent, while the mid-cap index gained 0.23 per cent.
Major Asian indices closed higher as investors assessed US-China trade dynamics. Japan's Nikkei advanced 1.24 per cent, Hong Kong's Hang Seng rose 0.77 per cent, while Shanghai Composite Index climbed 0.27 per cent.
In the Eurozone, key indices such as Paris CAC 40 and Frankfurt's DAX were up by 0.37 per cent and 0.52 per cent in their early deals. London's FTSE too jumped 1.27 per cent.
Article Type:
Report
Sections:
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Tags:
Bombay Stock Exchange
BSE
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Wed, 20 Jun 2018-05:36pm
Date updated:
Wednesday, 20 June 2018 - 5:37pm
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Highlights: Reported by DNA 6 hours ago.
The BSE Sensex vaulted almost 261 points to close at 35,547.33, while the broader NSE Nifty climbed 61.60 points to 10,772.05
Index heavyweight Reliance Industries topped the gainers list in the Sensex pack, spurting 2.44 per cent to a record closing high of Rs 1,019.95.
Asian and European stocks bounced back, reversing some of their recent losses following escalating trade tensions between the US and China.
The 30-share Sensex stayed in the green throughout and hit the day's high of 35,571.37 on a flurry of buying. It finally ended at 35,547.33, up 260.59 points, or 0.74 per cent.
The gauge had lost 335.40 points in the previous two sessions, tracking a sell-off across global markets after the US and China reignited their trade dispute.
The broader NSE Nifty climbed 61.60 points, or 0.58 per cent, to close at 10,772.05. Intra-day, it shuttled between 10,781.80 and 10,724.05.
Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 653.68 crore while foreign portfolio investors (FPIs) sold equities to the tune of Rs 1,324.92 crore yesterday, as per provisional data.
"Despite trade tensions, the market traded in a positive note by snapping two days of downtrend on the back of positive global peers.
"Rupee gained as oil price remained low ahead of OPEC meeting on Friday. Bank Nifty outperformed due to a slide in 10-year yield after RBI's announcement of open market purchase. The continuing uncertainty on trade tariff is likely to cap gains," said Vinod Nair, Head of Research, Geojit Financial Services.
Other prominent index gainers included IndusInd Bank 2.27 per cent, Vedanta 2.10 per cent, Yes Bank 1.66 per cent, Kotak Bank 1.58 per cent, Tata Steel 1.52 per cent, HDFC Bank 1.50 per cent and HDFC Ltd 1.25 per cent.
However, ONGC fell 1.24 per cent, Coal India 0.92 per cent, ITC Ltd 0.90 per cent, Wipro 0.59 per cent, L&T 0.54 per cent and Infosys 0.06 per cent.
Sectorally, the BSE metal index emerged as the best performer by rising 1.09 per cent, followed by bankex 1.04 per cent, realty 0.83 per cent, power 0.63 per cent, consumer durables 0.53 per cent, auto 0.45 per cent and healthcare 0.32 per cent.
FMCG, capital goods, oil and gas, PSU and IT indices ended in the red, falling up to 0.36 per cent.
The broader markets too were in better shape as investors accumulated stocks available at attractive levels. The BSE small-cap index rose 0.27 per cent, while the mid-cap index gained 0.23 per cent.
Major Asian indices closed higher as investors assessed US-China trade dynamics. Japan's Nikkei advanced 1.24 per cent, Hong Kong's Hang Seng rose 0.77 per cent, while Shanghai Composite Index climbed 0.27 per cent.
In the Eurozone, key indices such as Paris CAC 40 and Frankfurt's DAX were up by 0.37 per cent and 0.52 per cent in their early deals. London's FTSE too jumped 1.27 per cent.
Article Type:
Report
Sections:
Business
Agencies:
PTI
Tags:
Bombay Stock Exchange
BSE
Indian Stock Market
Closing Bell
Global Equities
Wed, 20 Jun 2018-05:36pm
Date updated:
Wednesday, 20 June 2018 - 5:37pm
Article Images:
Short URL:
dnai.in/2
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Hide lead image:
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From Print Edition:
Highlights: Reported by DNA 6 hours ago.
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Xiaomi pushes ahead with Hong Kong IPO amid standoff with China regulator
Chinese smartphone maker Xiaomi aims to raise as much as US$6.1 billion from its Hong Kong shares listing next month after shelving a plan to sell Chinese depositary receipts (CDRs) on the mainland, according to people familiar with the matter. Xiaomi plans to issue around 2.18 billion shares in its Hong Kong stock market debut, scheduled for July 9, at an indicative price range of HK$17 to HK$22 per share, collecting up to HK$48 billion (US$6.1 billion), the sources said. Chinese...
Reported by S.China Morning Post 6 hours ago.
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Woman arrested after allegedly throwing coins at High Court judges during hearing in Hong Kong
A woman caught taking pictures in a Hong Kong court last week was removed from the High Court on Wednesday after she allegedly threw coins at judges from the public gallery during a hearing. None of the three judges was hit and security guards quickly escorted the woman, 50, out of the court. She was also banned from entering again. A judiciary spokesman declined to comment on the incident but denied there was a security breach. Police said she was arrested for contempt of court and had been...
Reported by S.China Morning Post 6 hours ago.
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Hang Lung Publishes Sustainability Reports 2017
HONG KONG, June 20, 2018 /PRNewswire/ -- Hang Lung Group Limited (Stock Code: 00010) and Hang Lung Properties Limited (Stock Code: 00101) today published their online Sustainability Reports 2017, covering the challenges and achievements of the two companies in pursuing sustainability throughout their day-to-day operations for the period January 1 to December 31, 2017.Hang Lung’s latest Sustainability Reports highlight the Companies’ achievements in sustainability during the financial year January 1 to December 31, 2017.Building upon their successes over the past five years, the Companies have adopted a new sustainability framework this year which takes into account the emerging global trends outlined in the United Nations' Sustainable Development Goals (SDGs). This new framework sets Hang Lung on the path to develop longer-term goals and plans that will bring the Companies' sustainability initiatives to the next level.
The year 2017 marked the inclusion of Hang Lung Properties as an Index Component of the Dow Jones Sustainability Indices (DJSI) in the Asia Pacific Index for the first time, in recognition of the Company's stellar efforts. Reflecting on our longstanding efforts to promote a culture of sustainability awareness across the organization, Mr. Philip Chen, Chief Executive Officer of Hang Lung Group and Hang Lung Properties, said, "We adopted a different and very systematic approach to sustainability six years ago. The pursuit of excellence in this area has never been easy. We have made sustainability a core value of our own. I am confident that our colleagues will continue to uphold our business philosophy, We Do It Right, in our commitment to sustainability."
Remarkable milestones in 2017 included the completion of asset enhancement programs at Plaza 66 in Shanghai and at Fashion Walk in Hong Kong. These asset enhancement programs not only increased the profitability of Hang Lung's portfolio, but also optimized the energy and operating efficiency of the projects by adopting new technologies and approaches. Last year, the Company invested over HK$40 million in a Clean Air Initiative, to enhance the indoor air quality at our properties in mainland China.
Below are the Companies' sustainability highlights in 2017:
*Driving Purposeful Business*
· Rolled out the new Customer Engagement Survey at our malls in mainland China and received an average of 90% overall customer satisfaction.
· Invested over HK$40 million in the Clean Air Initiative to upgrade air filtration systems at malls and office towers in mainland China to enhance indoor air quality.
*Building Cohesive Workforce*
· Delivered 86,469 hours of training to staff.
· Launched the Hang Lung Challenge to enhance employee understanding of the Group and strengthen team spirit.
· 40% of our executive staff members are female.
*Conserving Natural Capital*
· Achieved 9% reduction in electricity intensity at properties in Hong Kong and mainland China in 2017 against the 2015 baseline, just 3% away from the 2020 target.
· Replaced air-cooled chillers with more energy-efficient water-cooled chillers at 14 properties in Hong Kong since 2006, cumulatively reducing electricity consumption by 96 million kWh, equivalent to HK$123 million.
· Reduced water consumption by 12% at properties in mainland China in 2017, compared to 2016.
*Safeguarding Common Future*
· Organized over 100 volunteer activities under the theme "Shaping the Future" in Hong Kong and the Mainland, contributing over 12,000 volunteer service hours.
· Launched the "Hang Lung Young Architects Program" in collaboration with leading local cultural enterprise "Walk in Hong Kong" to enable over 300 secondary school students to better understand architecture and its connection with the community.
The Hang Lung Sustainability Reports are prepared in accordance with the core option of the Global Reporting Initiative (GRI) Standards and adopts the revised Environmental, Social, and Governance Reporting Guide (ESG Guide) contained in Appendix 27 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong. Information in the Reports has been independently verified by the British Standards Institution.
The Sustainability Reports 2017 are now available for download from the Company website at www.hanglung.com.
Hang Lung Group
http://www.hanglung.com/SustainabilityReports/2017/HLG/HLG_SR2017_EN.pdf
Hang Lung Properties
http://www.hanglung.com/SustainabilityReports/2017/HLP/HLP_SR2017_EN.pdf*About Hang Lung Properties
*Hang Lung Properties Limited (stock code: 00101), a constituent stock of the Hang Seng Index and Hang Seng Corporate Sustainability Indices in Hong Kong, and the Dow Jones Sustainability Asia Pacific Index since 2017, is a leading real estate developer operating in Hong Kong and mainland China. Boasting a diversified portfolio of investment properties in Hong Kong, the Company has progressively branched out into the Mainland since the 1990s, with our distinctive footprint now fully established in Shanghai, Shenyang, Jinan, Wuxi, Tianjin, Dalian, Kunming, and Wuhan, with all the Mainland projects carrying the "66" brand. In May 2018, Hang Lung won an auction for a prime plot of land in Hangzhou, marking the Company's expansion to its ninth Mainland city. As Hang Lung's business continues to grow, the Company is set to develop into a highly admired national commercial property developer in China.
Photo - https://photos.prnasia.com/prnh/20180620/2168268-1-a Reported by PR Newswire Asia 6 hours ago.
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itel Debuts Three Smartphones on Android(TM) Oreo(TM) System (Go edition) in Africa
LAGOS, Nigeria, June 20, 2018 /PRNewswire/ -- itel, a mobile phone brand committed to providing budget-friendly, high quality products boasting excellent user experience under TRANSSION Holdings, has today announced to launch its first three smartphones which run on the Android™ Oreo™ operating system (Go edition) -- itel P32, A32F and A15, into the African market.itel is one of the first global mobile phone brands to partner with Google on the Android Oreo project. In line with itel's commitment, this initiative aims to benefit the brand's millions of consumers in global emerging markets and empower them to enjoy mobile life at affordable price points.
itel P32, A32F and A15 which feature the new Android™ Oreo™ operating system (Go edition) will present a number of benefits to consumers including:
· A smooth and fast experience tailored to devices with 1GB of RAM
· New and reimagined Google apps for entry-level smartphones including Google™ Go, YouTube Go, and the Google Assistant for Android™ (Go edition)
· Enhanced data efficiency
"We are delighted to launch the first batch of itel smartphones powered by the Android™ Oreo™ operating system," said Arif Chowdhury, Group Vice President of TRANSSION, "We believe that the mobile communication device that has revolutionized human social life should belong to everyone. Through this partnership with Google, we will make it easier for consumers in emerging markets, especially in Africa regions, the opportunity to afford an efficient and user-friendly smartphone."
Sagar Kamdar, Director, Product Management, Android, said: "Android Oreo (Go edition) is specifically optimised to bring the magic of Google and Android to smartphones with limited memory and processing power. We're excited to see itel take the next step towards bringing computing to more people by launching Android Oreo (Go edition) phones."
"The specifications and features of each of the launched smartphones have been specially built for the consumers in Nigeria. The new Android™ Oreo™ Operating System (Go edition) opens a new world of convenience the users of these 3 itel smartphones."
*itel P32*
The itel P32 comes with the 5.5-inches IPS 18:9 full screen display and dual rear camera, the main camera is 5MP with dual flash lights. The device is packed with 1GB RAM and 8GB ROM, powered by MT6580M Qual-core 1.3GHz processor. It houses a 4000mAh big battery with one charge for 3 days, as well as a fingerprint sensor for easy access to the phone.
*itel A32F*
itel A32F comes with 5.0-inches big display and 5MP AF rear camera with 1.4μm big pixel and 2MP selfie camera with 1.65μm big pixel. It supports 1.3GHz Quad-Core MT6580M, 1GB RAM + 8GB ROM (expandable to 32GB of storage), and 2050mAh battery. Especially, this device offers multi-functional fingerprint sensor at affordable price to allow users to program up to five fingerprints and quickly access to their favourite apps, calls, cameras with security.
*itel A15*
itel A15 also comes with a 5.0-inch display screen and 5MP AF rear camera with 1.4μm big pixel, and a 2MP selfie camera with 1.65μm big pixel. It supports 1.3GHz Quad-Core MT6580M, 1GB RAM + 8GB ROM (expandable to 32GB of storage), and 2050mAh battery. The device will be available in three colours -- midnight black, starry blue and rose gold.
The devices will be rolling out in June throughout Africa.
*About itel*
Established in 2007 in Hong Kong, itel Mobile is an innovative brand specializing in mobility solutions. With its brand philosophy "Join·Enjoy", itel endeavoured to empower every individual by providing best in class, reliable and trendy communication devices at an affordable rate. Its product portfolio comprises smartphones, tablets and feature phones.
Over the past decade the brand has become a household name in the industry spreading its presence in 40 countries across the globe. In 2016, itel reached a landmark sales volume of 50 million handsets, claiming to be among the top 3 mobile brands in Africa. As per "African Business", most influential business magazine on the continent, itel ranks 25th Most Admired Brands for African consumers.
Logo - https://photos.prnasia.com/prnh/20180620/2160744-1LOGO Reported by PR Newswire Asia 5 hours ago.
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