Author: Sharemarketnews

Industrial production increased 4.7% year-on-year in April (March: +3.7% yoy). Looking at the details of the release, the reading largely reflected increasing output in the manufacture of textiles, automotive and metal products.On a calendar-adjusted monthly basis, factory output increased 5.0% in April (March: -4.9% mom). Meanwhile, annual average industrial production growth eased to 10.2% in April (March: +13.4%). Panelists participating in the LatinFocus Consensus Forecast expect that industrial production will expand 2.5% in 2022, which is down 0.3 percentage points from last month’s forecast. For 2023, the panel forecasts industrial output to rise 2.2%. Source link

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London-based consumer tech company Nothing announced on Wednesday that it will unveil its first smartphone, phone (1), next month. As part of its Nothing (event): Return To Instinct, the brand will reveal the first look of the highly-anticipated smartphone on July 12 at 8:30 pm (IST). The event will be live-streamed from London. People can catch the event live on its website after getting signed up for the same. Unlearn. Undo. Starting with phone (1).Nothing (event) – Return to Instinct.Tuesday 12 July, 16:00 BST. Get no… https://t.co/yxydmw1WYj— Nothing (@nothing) 1654684262000 “It is our first smartphone and our most important product.…

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Consumer prices rose 0.13% in May over the previous month, which was below April’s 0.82% rise. May’s result marked the weakest reading since January. The moderation was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities dropped after growing in the previous month. Moreover, prices for recreation and culture grew at a more subdued pace.Harmonized inflation came in at 9.1% in May, up from April’s 9.0%. May’s figure marked the highest inflation rate since records began. Annual average harmonized inflation rose to 4.3% in May (April: 4.0%). Finally, consumer…

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Hong Kong-based Samsung Asset Management (SAMHK), a local subsidiary of Samsung’s investment arm, is moving forward with a blockchain-themed exchange-traded fund (ETF).The firm expects to launch its Samsung Blockchain Technologies ETF on the Hong Kong Stock Exchange on June 23, SAMHK announced on Thursday.The ETF seeks to achieve long-term capital growth by investing in stocks of companies actively involved in the development and adoption of blockchain technologies, the fund prospectus reads. The fund will invest in blockchain-related research and development firms, data providers, industry investment firms and others.The ETF’s composition will be managed by SAMHK’s portfolio management team, responsible for…

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On a seasonally-adjusted monthly basis, industrial production rose 0.7% in April (March: -3.7% mom). The print reflected growth in the production of capital and intermediate goods, while energy output skyrocketed. On the other hand, production of consumer goods and output in the construction sector fell.Industrial output fell 2.2% year on year in working-day adjusted terms in April (March: -3.1% yoy). Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.6% in April, from March’s 3.6% reading. Panelists polled by FocusEconomics expect industrial production to increase 1.1% in 2022. For 2023, the panel sees…

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Very often the abuses to a child are done by someone known.There are several laws in our country that safeguard the well being of children and protect them from the abuse of parents, teachers, mentors and other elders.The various child protections laws in the country are: the Juvenile Justice (Care and Protection of Children) Act 2015; the Protection of Children from Sexual Offences Act 2012; Pre-Conception and Pre-Natal Diagnostic Techniques (PCPNDT) Act 1994; the Commission for Protection of Child Rights Act 2005; the Right of Children to Free and Compulsory Education Act, 2009; Prohibition of Child Marriage Act, 2006; and…

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Crypto custody firm Anchorage Digital has recently formed an exchange custody network with five digital asset trading platforms to segregate institutional client funds from exchanges into regulated asset vaults. In an announcement, the custodian mentioned that it has partnered with Binance.US, CoinList, Blockchain.com, Strix Leviathan and Wintermute. According to Anchorage, this will provide institutions with direct access to a wide range of trading pairs. The custody firm also noted that the formation of the custody network allows institutions like Registered Investment Advisors to meet their obligations to their clients in a safe environment by holding assets through a custodian, all throughout…

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BTS have released their anthology album ‘Proof’, including the new single ‘Yet To Come (The Most Beautiful Moment)’. The K-Pop megastars – comprising RM, Jin, J-Hope, V, Suga, Jimin and Jungkook – have consolidated the past nine years of their career into a 48-track, three-disc compilation, including all their hits and previously unheard demo versions of their tracks as a group and solo. The likes of ‘ON’, ‘Boy with Luv’ featuring Halsey, ‘Butter’ and ‘Dynamite’ are all included, plus three new songs, ‘Yet To Come’, ‘For Youth’ and ‘Run BTS’. The septet paid careful consideration to the order of the…

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High gas prices are turning into a major speed bump as the summer travel season kicks off. The national average in the US for regular gas hit another record today at $5.037 per gallon. Historically, gas prices come down in the fall after the summer driving season is over but with prices expected to continue rising for the next several weeks that relief might look a lot like what you’re paying right now. The rising prices have given birth to Gas prices memes that we have aggregated for you.Americans aren’t the only ones that have to pay more for gas.…

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Johnny Depp is teaming up with close pal Jeff Beck on the forthcoming album, ’18’. The Hollywood actor has been on the road performing with the legendary musician and celebrating the result of his defamation trial against his ex-wife Amber Heard, which saw him awarded $15 million in damages. Depp and Beck have been friends since 2016, and the album has been in the making since 2019. It includes “Depp originals along with a wide range of covers that touches on everything from Celtic and Motown, to the Beach Boys and Killing Joke.” Beck said in a statement: “When Johnny…

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