AIV50 Announces Raffles Financial (RFG) Investments | News from Taiwan
Commitment to co-invest in up to fifty AI companies over five years as part of the AIV50 Business Management Program singapore – Newsfile Corp. – July 25, 2022 – Raffles Financial Group Limited (CSE: RICH ) (FSE: 4VO ) (OTCQX: RAFFF ) — AIV50 has announced its financing plans with Raffles Financial Pte Ltd (“RFG”) which will advise and lead capital raising strategies with its network of family offices, sovereign funds and private equity companies. RFG’s first investment in one of AIV50’s AI ventures, called TAFGAI (The Accounting and Finance Group in AI) as its strategic initiative in the AI…
Read More »stocks with stable profits and high dividend yields
Bank of America believes that the United States will fall into a recession and this could have spillover effects to other regions, including Asia. “In the last seven US recessions since 1973, Asian stocks fell an average of 50% and [earnings per share] contracted by 30%. Both shallow and deep recessions were horrible for Asia,” Bank of America strategists, led by Ajay Singh Kapur, said in a July 18 note. The bank expects a “mild” recession in the U.S., where gross domestic product will contract around “Although China’s influence on the Asian economy/markets has surpassed that of the United States…
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Walmart issues profit warning as rising inflation hits customers
Walmart has issued its second profit warning in 10 weeks, signaling a further deterioration in the U.S. retail environment as inflation weighs on the price-sensitive consumers the world’s largest retailer relies on. “Rising levels of food and fuel inflation are affecting the way customers spend,” said Doug McMillon, Walmart’s chief executive. He said the company had made “good progress” in clearing inventory in “durables” or consumer durables categories such as appliances and furniture, but needed to increase apparel sales at its U.S. stores . In a statement after the close of trading in New York on Monday, just three weeks…
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White House economic adviser criticized for trying to redefine ‘recession’ on CNN: ‘Gaslighting Americans’
NEWYou can now listen to Fox News articles! Joe Biden’s National Economic Council director Brian Deese told CNN on Monday that America is not in recession, regardless of whether or not Thursday’s upcoming economic report shows a second straight quarter of GDP contraction, the standard definition. In an attempt to get ahead of the report, Deese preemptively called it “inherently backwards.” “Certainly, in terms of the technical definition, it’s not a recession,” he said. This follows a trend by Biden advisers to anticipate what many predict will be a lackluster economic report. FORMER CONGRESSMAN AMONG INSIDER TRADING’S NINE OFFICERS White…
Read More »Can China’s economy avoid a Japanese-style stagnation?
Shanxi province’s GDP was among the fastest growing in China in the first half of 2022, increasing by 5.2% year-on-year. In this Jan. 14, 2022 photo, a robot arm welds the frame of a new energy vehicle in Shanxi. Future Publishing | Future Publishing | Getty Images BEIJING – Several economists hope China will avoid a Japan-style stagnation if the right policies are put in place. China’s gross domestic product barely grew in the second quarter as Covid lockdowns stifled growth. These restrictions have been eased. But Covid controls remain an uncertain overhang as the country awaits a quarterly meeting…
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Campaign finance reports available for Michigan candidates
With just over a week to go until the Primary, candidates and campaigns have opened their finances. Deadlines for campaigns to report their finances came on Friday and Monday, depending on the type of campaign. This gives the public an inside look at how much money campaigns have raised, where it’s coming from and how it’s being spent. “You’d rather have more money than not,” said Adrian Hemond of Grassroots Midwest. This shows when you look at the campaign finance disclosures on the Secretary of State’s website. Now each candidate states how they got their money and where it’s going….
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The new online tool offers a road map to financial independence
(Source: Kentucky Center for Statistics) FRANKFORT, Ky. (AP) — Gov. Andy Beshear has announced a new online tool designed to give Kentucky families a road map to financial independence. The tool shows families receiving public assistance a way to calculate how much is needed to make ends meet without state and federal aid. The Family Resource Simulator is available to guide individuals and families in understanding how changes in income can affect health care, child care, and other state and federal benefits. The free tool can be accessed at kystats.ky.gov/FRS. It was created by the Kentucky Center for Statistics. [ad_2]…
Read More »Financial Planners for the Next Mega Millions Winner: Shut Up: WSB-TV Channel 2
Financial planners for the next mega-million winner: shut up Tuesday’s Mega Millions drawing will be the third largest drawing of any lottery game, ever! ATLANTA — Renata Smith says some things to keep to yourself. “It goes from one mouth to the other. So I would keep it very quiet,” Renata said. Deonte Griffin would tell one person, and one person only. “Call my mom. Call my mom and tell her we’re rich,” Deonte said. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Both will be very careful if they hit the latest Mega Millions jackpot. 810 million…
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