World

CNBC's Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street. The "Mad Money" host's lookahead came after the S&P 500 and Nasdaq Composite posted their best weeks so far in 2022, finishing 1.5% and 2.4% higher, respectively. "This week we saw the true colors of what is a treacherous market," the "Mad Money" host said. If investors love a stock, there's "no level it won't be taken up to," he said. "But if it's hated? There are no depths it won't sink to. Either way ... it's likely to be an extreme." All revenue and earnings per share estimates are from FactSet. Monday: Tyson Foods, Two-Take Interactive and Simon Property Group Tyson Foods Q1 earnings release before the bell; conference call at 9 a.m. ET Projected EPS: $1.93 Projected revenue: $...

VILNIUS: The board of state-owned Lithuanian Railways on Monday voted to stop transporting potash produced by Belarus state-owned potash producer Belaruskali unless it gets government approval to resume, the rail company said in a statement. Belaruskali, the world's second-largest producer of the crop fertiliser which is a big cash earner for Belarus, was sanctioned by the United States last August, a year after a crackdown following a disputed presidential election which President Alexander Lukashenko said he won. The ban on potash sales took effect on Dec 8 after a four-month wind-down period, but the transport of Belarus potash has continued via Lithuania. This caused a public outcry in Lithuania, a US ally and one of Europe's most vocal critics of human rights abuses in Belarus. Ea...

HOUSTON : High global natural gas prices are breaking a two-year logjam of new U.S. liquefied natural gas (LNG) projects with at least three of the multibillion-dollar proposals likely achieving enough supply contracts to start construction this year, said developers and industry experts. A Louisiana project that received a green light in 2019 was the last wholly new U.S. plant to receive a go-ahead, benefiting from then-strong demand from China and utilities swapping to LNG from coal. A dozen others were stalled, first by the China-U.S. trade war and then by the COVID-19 pandemic and environmental concerns. But super-hot demand for the fuel in northern Europe and China have pushed global gas prices to near record highs, reviving financing prospects for plants that chill natural gas into...

LONDON : A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the region's sovereign dollar bonds to safe-haven assets and stock markets. Below are five charts showing where a potential escalation of tensions could be felt across global markets: 1/SAFE HAVENS A major risk event usually sees investors rushing back to bonds, generally seen as the safest assets, and this time may not be different, even if a Russian invasion of Ukraine risks further fanning oil prices - and therefore inflation. Inflation at multi-decade highs and impending interest rate rises have made for a tetchy start to the year for bond markets, with U.S. 10-year rates still hovering close to the key 2per cent level and German 10-year yields ...

NEW DELHI/DUBAI :India and the United Arab Emirates signed a broad trade and investment pact on Friday that will eventually cut all tariffs on each other's goods and aims to increase annual trade between the two nations to $100 billion within five years. The virtual signing ceremony marks the first trade deal sealed by the Gulf state since it began pursuing such pacts last September in a bid to strengthen its status as a business hub. Piyush Goyal, India's commerce minister, told reporters the deal could create more than a million jobs for India in the next few years, particularly in labour intensive sectors such as the auto industry, plastics, leather and engineering. Earlier, India's Prime Minister Narendra Modi and UAE de facto ruler Sheikh Mohamed bin Zayed Al Nahyan witnessed the s...

Japan needs about four times more foreign workers by 2040 to achieve the growth path the government has outlined in its economic forecast, a group of Tokyo-based public think tanks said on Thursday. The findings highlight a growing Japanese reliance on migrant labor to make up for a shrinking population while its ability to attract overseas talent has been thrown into question by strict COVID-19 border controls that have shut out students and workers. Japan must boost the number of foreign workers to 6.74 million by 2040 to sustain average annual economic growth of 1.24%, based on a bullish "high-growth" scenario the government has set out in its long-term projection, the think tanks, including a research arm of the Japan International Cooperation Agency (JICA) affiliated with the Foreig...

SHANGHAI: Beaten-down dollar bonds issued by Chinese property developers are enticing domestic and global fund managers, some of whom are even planning to launch new funds targeting bargains as Beijing relents in its concerted drive to clean up the sector. Jupai Holdings Ltd, a Chinese wealth manager, plans to start a fund to bet on such offshore Chinese property bonds. "I think roughly half of the developers' dollar bonds were slaughtered by mistake," Jupai Chairman Jianda Ni said. "We will spot value in what others dumped as trash." The investment appeal of the fallen angels in the property sector has grown on the heels of moves by China to ease some of the financial and regulatory constraints it imposed last year. Curbs on borrowings by big real estate developers have driven China'...

BEIJING — International investors are putting more money into Chinese stocks, even as local investors have remained cautious on the mainland markets. Mainland Chinese stock funds saw net inflows of $16.6 billion in January — only the fourth time since the pandemic that monthly inflows have exceeded $10 billion, according to research firm EPFR Global. That followed nearly $11 billion in net inflows in December, the data showed. "Investor interest in China has actually strengthened coming into the fourth quarter of last year," Cameron Brandt, director of research at EPFR, said in a phone interview last week. "The driver there I think is a perception — especially among institutional investors — that in the emerging markets space, China is, for a variety of reasons, something of a safe play th...

SINGAPORE: More than 46,000 workers have received job placement assistance from the National Trades Union Congress’ (NTUC) Employment and Employability Institute (e2i) since the start of the COVID-19 pandemic, NTUC said on Monday (Feb 7). Between February 2020, when the NTUC Job Security Council was founded, and December 2021, e2i helped these workers “through various efforts such as matching displaced workers into new jobs or helping workers transit to secondary jobs”, the confederation said in a statement following a sharing session outlining its plans for 2022. “NTUC will continue to pay close attention to safeguard our workforce income security and growth – with better wages from better jobs and relevant skills, our workers will be equipped with an added level of protection when copi...

While most diplomats at an emergency United Nations Security Council meeting condemned Russian leader Vladimir Putin’s government for escalating tensions with Ukraine, China’s envoy carefully avoided any mention of Moscow. “All parties concerned must exercise restraint and avoid any action that may fuel tensions,” Ambassador Zhang Jun said late Monday as part of a six-sentence statement. “The current situation in Ukraine is a result of many complex factors. China always makes its own position, according to the merits of the matter itself.” The brief remarks contrasted with a lengthy joint statement earlier this month following Putin’s first in-person meeting with Chinese leader Xi Jinping in two years. Afterward, Xi backed Russia’s demand for binding security guarantees from the U.S. and...