Latest news with #940
New Straits Times
2 days ago
- Business
- New Straits Times
Palm rises on stronger Dalian rivals but weak Chicago soyoil limits gains
KUALA LUMPUR: Malaysian palm oil futures opened higher for a second straight session on Monday, supported by stronger rival Dalian oils, though weaker Chicago soyoil capped gains. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange gained RM23, or 0.59 per cent, to RM3,940 (US$930.34) a metric ton in early trade. Dalian's most-active soyoil contract rose 0.7 per cent, while its palm oil contract added 0.64 per cent. Soyoil prices on the Chicago Board of Trade were down 0.04 per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Chicago soybean and corn futures eased, with both markets giving up some of last week's gains as focus turned on crucial talks due to start between top agricultural trading partners, the United States and China. Oil prices held on to last week's gains early on Monday as investors waited for US-China trade talks to be held in London later in the day. Stronger crude oil futures make palm a more attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, weakened 0.24 per cent against the dollar, making the commodity slightly cheaper for buyers holding foreign currencies. Free trade negotiations with the European Union, which have been ongoing for nine years, are expected to be concluded by the end of June, Indonesia said. Both parties have previously disagreed on EU trade rules for products with potential links to deforestation that could affect Indonesian palm oil. Palm oil looks neutral in a narrow range of RM3,889 to RM3,925 per metric ton, and an escape could suggest a direction, Reuters technical analyst Wang Tao said. Shares jumped and the dollar pared recent gains as Asian markets reacted to better-than-expected US jobs data ahead of talks in London aimed at mending a trade rift between the United States and China.
The Hindu
19-05-2025
- Business
- The Hindu
WazirX investors fear further delays as moratorium extended to June 6
WazirX users have been waiting for more than six months to access their locked crypto funds. Their wait will be longer as the Singapore court has extended an existing moratorium to June 6. The WazirX cryptocurrency exchange has been trying to push for restructuring through the Singapore legal system after a hacked multi-signature wallet last year led to the loss of over $230 million in crypto assets. The attack was later tied to North Korean hackers. 'The hearing for SUM 940 took place on 13 May 2025 before the Singapore Court. While no orders were made at this stage, the Court has directed the Company to file a further affidavit(s) by 23 May 2025, and extended the existing moratorium to 6 June 2025,' posted WazirX on the X social media platform on May 14. SUM 940 is the application WazirX-operating entity Zettai filed in the Singapore High Court to seek formal approval for the restructuring scheme after the voting process, the company explained. WazirX's voting process was conducted via the Kroll Issuer Services platform between March 19 and March 28 this year, with 93.1% of voting creditors who were representing 94.6% in value voting in favour of the company's restructuring scheme. WazirX had previously said that after the needed legal approvals, the first distributions could begin within 10 business days of the scheme becoming legally effective. This is why the extension of the moratorium is causing investors to worry. WazirX said the Singapore court had not yet set another hearing date but that a possible decision related to the matter could come after the due date for the company affidavits, which is May 23. 'We know many of you are eagerly waiting for the platform restart and first distribution. Please be assured that we are doing everything we can to make this possible under an effective Scheme, and we'll continue to keep you informed when we receive directions from the Court,' posted WazirX on May 14, thanking users for their support and patience.
Emirates Woman
03-03-2025
- Entertainment
- Emirates Woman
5 Ramadan sales you won't want to miss
Looking to upgrade your wardrobe or snap up some beauty bargains? Then take advantage of Ramadan sales happening across the UAE covering everything from fashion and beauty to homewares. We've scoured the internet – so you don't have to – to bring you five Ramadan sales to check out this month, and what we're adding to cart from each. Bloomingdales One of our favourite department stores in Dubai, Bloomingdales has up to 70% off womenswear, childrenswear and menswear during its Ramadan sale. EW's top picks… JACQUEMUS Le Petit Bambimou Shoulder Bag, AED1,940 NEEDLE & THREAD Peony Promise Lana Round Neck Gown, AED1,900 MACH & MACH, Double Bow 110 Satin Pumps, AED1,500 Namshi Leading fashion and beauty e-commerce site Namshi is our go-to for a whole host of mid-scale brands, perfect for beach, brunch, work and party wear. This Ramadan, there's 30% to 80% off hundreds of lines across fashion and beauty, plus 15% cash back when you spend AED300. EW's top picks… Never Fully Dressed, Printed maxi dress, AED298 Calvin Klein, low top sneakers AED323 Victoria Beckham, rectangle sunglasses, AED875 The Giving Movement Get between 30% and 70% off athleisure, two-piece sets and oh-so-comfy basics from The Giving Movement's Ramadan sale. Plus, right now there's a further 20% off with code EXTRA20. EW top picks… The Giving Movement, Oversized cotton sweatshirt, AED300 The Giving Movement, Oversized band tee, AED209 The Giving Movement, Textured jacquard joggers, AED250 Noon The UAE's one-stop-shop for e-commerce – from household items and electronics to beauty and fashion – Noon has an array of Ramadan sales. There are varying discounts, changing weekly, flash sales, and a further 20% off for HSBC card holders. EW's top picks… SONY, Wireless Noise Cancelling Headphones in Black, AED838.90 Amazfit, Helio Smart Ring, AED579 Dyson, Airwrap Multi-Styler in Red Velvet Gold, AED2,069 Faces The home of all of your favourite fragrance, skincare, bath and body, makeup, haircare, and accessories brands, the Ramadan sale at Faces has from 25% to 50% off an array of top brands, plus free gifts to be snapped up too. EW's top picks… BEAUTY OF JOSEON, Glow Deep Serum Face Serum, AED73.50 ELIZABETH ARDEN, Rapid Skin Renewing Serum Capsules, AED303 KERASTASE, Ultra-Violet Purple Hair Mask, AED210.80 – For more on luxury lifestyle, news, fashion and beauty follow Emirates Woman on Facebook and Instagram Lead images: Bloomingdales
