Markets

(RTTNews) – The Indian stock market is down firmly in negative territory Wednesday morning with investors largely making cautious moves as they look for directional clues. Information technology and bank stocks are among the prominent losers. Investors are reacting to earnings announcements from a few leading companies, and data on vehicles sales from automobile manufacturers. The Reserve Bank of India is scheduled to announce its monetary policy on Friday (June 4). The central bank is widely expected to hold interest rate unchanged. The repo rate is currently at 4 percent and the reverse repo rate stands at 3.35 percent. The benchmark BSE Sensex, which tumbled to 51,555.81, is currently down 352.90 points or 0.68 percent at 51,581.98. The broader Nifty index of the National Stock Exchange is down 78.10 points or 0.5 percent at 15,496.75. After five successive days of gains, the Sensex ended marginally down on Tuesday, and the Nifty too closed weak, snapping a seven-day winning streak, weighed down by data showing a significant slowdown in India’s factory activity last month. ITC is down by about 1.7 percent at Rs 211.50 after reporting a slight drop in earnings. The company reported standalone profit of Rs 3,748.4 crore

Asia Bankers Club, Ashton Hawks and Golden Emperor sign exclusive MoU to Distribute Hanoi’s Vietnam-Japanese Luxury Apartment DevelopmentHONG KONG, June 2, 2021 /PRNewswire/ — Asia Bankers Club, Ashton Hawks and Golden Emperor have signed a Memorandum of Understanding (MoU) with TTland to be the exclusive marketing agents of Hanoi’s latest luxury residential project developed jointly by Trung Thuy Group of Vietnam and Japan’s Toshin Development of Takashimaya Group. As part of the agreement, Asia Bankers Club, Ashton Hawks and Golden Emperor are the appointed official agents for foreign quota sales, and will exclusively promote Lancaster Luminaire of Hanoi in all overseas markets outside of Vietnam, with Hong Kong as the first stop. A complex of luxury apartments, offices and retail podium, Lancaster Luminaire promises to bring a comfortable and fulfilling living experience. The starting price of a fully fitted and finished luxury residential apartment unit is USD195,000 / HKD1,500,000.Lancaster Luminaire is located at Lang Street, a prime location of the CBD area Dong Da district which is the heart of traffic connection. The new CBD Nam Tu Liem is just 10 minute drive away. It only takes 15 minutes to move from Lancaster Luminaire to other major areas of the city, such

(RTTNews) – Slightly lower SGX Nifty and the mixed trend in Asian markets point to a flat or marginally weak start for Indian stocks Wednesday morning. Investors will continue to track earnings news and other corporate announcements for direction. Automobile stocks will remain in focus with May vehicles sales data continuing to provide direction. Hero Motocorp Limited announced that it sold 1,83,044 units of two-wheelers in May 2021, against 1,12,682 units sold in May 2020. ITC reported standalone profit of Rs 3,748.4 crore for the quarter ended March 2021, compared to Rs 3,797 crore reported in the year-ago quarter. Motherson Sumi Systems, Panacea Biotec and Muthoot Finance are scheduled to announce their quarterly results today. Higher crude oil prices may hurt sentiment and limit market’s upside. The Indian market failed to hold early gains and ended flat on Tuesday after data showed India’s factory activity slowed significantly last month. The benchmark BSE Sensex ended down 2.56 points at 51,934.88, after posting gains in the previous five sessions. The broader NSE Nifty index slid 7.95 points to 15,574.85, snapping a seven-day winning streak. U.S. stocks pared early gains and ended roughly flat on Tuesday. The initial strength came as

(RTTNews) – Ahead of Tuesday’s holiday for Pancasila Day, the Indonesia stock market had climbed higher in four straight sessions, advancing almost 190 points or 4.1 percent along the way. The Jakarta Composite Index now sits just beneath the 5,950-point plateau although it may open under pressure on Wednesday. The global forecast for the Asian markets roughly flat, with optimism for economic recovery offset by inflation concerns. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead. The JCI finished sharply higher on Monday following gains from the financial shares, cement stocks and resource companies. For the day, the index jumped 98.85 points or 1.69 percent to finish at the daily high of 5,947.46 after moving as low as 5,860.54. Among the actives, Bank Danamon Indonesia shed 0.43 percent, while Bank CIMB Niaga collected 0.52 percent, Bank Negara Indonesia rallied 3.85 percent, Bank Central Asia increased 0.55 percent, Bank Mandiri soared 3.45 percent, Bank Rakyat Indonesia surged 4.67 percent, Indosat climbed 1.60 percent, Indocement advanced 1.47 percent, Semen Indonesia gained 0.52 percent, Indofood Suskes jumped 2.01 percent, United Tractors spiked 3.32 percent, Astra International accelerated 1.94 percent,

(RTTNews) – The China stock market has moved higher in two straight sessions, adding almost 25 points or 0.7 percent along the way. The Shanghai Composite Index now sits just shy of the 3,625-point plateau and it’s expected to remain in that neighborhood again on Wednesday. The global forecast for the Asian markets roughly flat, with optimism for economic recovery offset by inflation concerns. The European markets were up and the U.S. bourses were mixed and flat and the Asian markets figure to follow the latter lead. The SCI finished slightly higher on Tuesday as gains from the oil and resource stocks were capped by weakness from the financials and properties. For the day, the index gained 9.24 points or 0.26 percent to finish at 3,624.71 after trading between 3,581.91 and 3,626.07. The Shenzhen Composite Index improved 9.82 points or 0.41 percent to end at 2,429.57. Among the actives, Industrial and Commercial Bank of China shed 0.58 percent, while Bank of China collected 0.30 percent, China Construction Bank dropped 1.01 percent, China Merchants Bank skidded 1.43 percent, Bank of Communications lost 0.61 percent, China Life Insurance tanked 3.19 percent, Jiangxi Copper rose 0.19 percent, Aluminum Corp of China (Chalco) spiked

CALGARY, AB, June 1, 2021 /CNW/ – Graham Kendall says Big Rock Brewery’s reputation as “a leader and a scrappy innovator” in the craft brewing space is what attracted him to apply for the Director of Brewing Operations and Brewmaster role that opened up as brewing pioneer Paul Gautreau announced his retirement this spring.With more than 30 years of experience across every major facet of the brewing industry, Kendall says he has admired Big Rock’s steadfast commitment to preserving classic beers like Grasshopper and Traditional Ale while also encouraging ceaseless experimentation with ale varieties, lagers, fruity IPA’s and ciders, and now a successful line of hard-steeped teas.”I’ve always been impressed with the history of the brewery and directionally where it’s going,” Kendall says during a recent chat with Gautreau about all things beverage-related. “Big Rock’s got a reputation based on quality, a reputation for being a survivor, and while it holds to its roots, it’s also got a strong innovation program when it comes to brewing.”With a Master of Science – Brewing, Malting and Distilling – Distinction from Heriot-Watt University and Master of Business Administration from the University of Calgary, Kendall’s experience working with well-known brands such as AB InBev (Labatt), Beam Suntory

(RTTNews) – JBS(JBSAY), the world’s largest meat supplier who is responsible for almost one-fifth of the meat supplied worldwide, has become the latest victim of a ransomware attack. According to the White House, the attack might have originated from a criminal organization based in Russia. The US Government had its say in the incident as White House principal deputy press secretary Karine Jean-Pierre said, “JBS notified the administration that the ransom demand came from a criminal organization, likely based in Russia” Taking it forward, Karine added, “The White House is engaging directly with the Russian government on this matter, and delivering the message that responsible states do not harbor ransomware criminals.” After the SolarWinds attack and the breakdown of Colonial Pipelines for almost six days, in early May, this attack only bolsters the vulnerability of the large business databases in the country. JBS confirmed that it was the target of an organized cybersecurity attack, affecting some of the servers supporting its North American and Australian IT systems. The attack on Brazil’s JBS also affected livestock slaughter at its plants in several US states. The company said as immediate action it has suspended all affected systems notified authorities and

(RTTNews) – Australia will on Wednesday release Q1 figures for gross domestic product, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 1.0 percent on quarter and 0.2 percent on year after rising 3.1 percent on quarter and falling 1.1 percent on year in the three months prior. New Zealand will provide Q1 numbers for import and export prices and terms of trade. Import prices are expected to rise 1.0 percent on quarter after sinking 1.7 percent in the previous three months. Exports prices are tipped to add 0.6 percent after slipping 0.4 percent in Q4. The terms of trade are predicted to add 0.1 percent on quarter, slowing from 1.3 percent in the three months prior. South Korea will provide May figures for consumer prices, with forecasts suggesting an increase of 0.1 percent on month and 2.6 percent on year. That follows the 0.2 percent monthly increase and the 2.3 percent yearly gain in April. Indonesia will release May figures for consumer prices, with overall inflation expected to rise 0.32 percent on month and 1.67 percent on year after gaining 0.13 percent on month and 1.42 percent on year in April. Core CPI is tipped

(RTTNews) – The Canadian market rose sharply on Tuesday and its benchmark S&P/TSX Composite Index breezed past the coveted 20,000 mark for the first ever time, as shares from across various sectors climbed higher on optimism about economic recovery. The mood in the market was quite bullish amid an acceleration in vaccination drive, reports showing a decline in new coronavirus cases in the U.S. and Europe, and the gradual re-opening of businesses in several parts across the world. Energy stocks rallied, tracking higher crude oil prices. Consumer discretionary, materials and information technology shares were the other prominent gainers in the session. Healthcare stocks were a bit subdued, while several stocks from financial and industrials sections posted notable gains. The benchmark S&P/TSX Composite Index ended with an impressive gain of 245.02 points or 1.24% at 19,976.02, nearly 50 points down from a new all-time high of 20,022.13. Suncor Energy (SU.TO) climbed 5.3%. Canadian Natural Resources (CNQ.TO) surged up 3.7% and Enbridge Inc (ENB.TO) gained 1.6%. Canadian Imperial Bank of Commerce (CM.TO) gained 2.2%. Bank of Montreal (BMO.TO) and Royal Bank of Canada (RY.TO) gained 1.4% and 1.3%, respectively. BlackBerry (BB.TO) soared 12.3%. Crescent Point Energy (CPG.TO), Cenovus Energy (CVE.TO), Whitecap

LA JOLLA, Calif., June 01, 2021 (GLOBE NEWSWIRE) — Singular Genomics Systems, Inc. (“Singular Genomics”), a company focused on delivering genomic technologies for the advancement of science and medicine, today announced the closing of its initial public offering of 11,730,000 shares of its common stock, which includes the full exercise of the underwriters’ option to purchase 1,530,000 additional shares of common stock, at a public offering price of $22.00 per share.All of the shares of common stock were offered by Singular Genomics. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Singular Genomics, were approximately $258.1 million. The shares began trading on the Nasdaq Global Select Market under the ticker symbol “OMIC” on May 27, 2021.J.P. Morgan, Goldman Sachs & Co. LLC, BofA Securities and Cowen acted as joint book-running managers for the offering. UBS Investment Bank also acted as a book-running manager.Registration statements relating to the shares being sold in this offering became effective on May 26, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, by