Latest news with #USD920
Express Tribune
01-05-2025
- Entertainment
- Express Tribune
Seth Rollins flaunts USD13,500 Rastah coat
American WWE star Seth Rollins just stepped into the ring dripping in desi luxury, and surprisingly, we're not talking gold chains, though we wouldn't put that past him. He wore a USD13,500 long coat by Pakistani streetwear brand Rastah during a recent episode of WWE, and fashion X (formerly Twitter) has not recovered from Rollins' luxurious ensemble since. Dubbed the "golden peacock" coat, the piece is made from plush blue velvet and features intricate hand embroidery using the dabka technique, a hallmark of South Asian craftsmanship. The coat, available only made-to-order, was paired by Rollins with a white shirt and flared pants, though if you want the full fit, be prepared to drop an additional USD920 on the matching trousers. Rastah, already known for dressing global celebrities like Timothée Chalamet, Zayn Malik, and Justin Bieber, is clearly not afraid to aim high. Rollins is just the latest in a long list of stars styled by the Lahore-based label. A recent video posted by creative director Zain Ahmed from Milan hints that Rastah's global expansion is only just beginning. In it, Ahmed visits a fabric mill that supplies cloth to luxury houses like Dior and Valentino, asking what magic can happen when "Italian precision meets South Asian soul." But not everyone's cheering. With price tags soaring well above the USD10,000 mark, questions about accessibility, especially within Pakistan, are growing louder. While Rastah's success is undeniable, its local audience feels increasingly sidelined. Let's face it: most Pakistanis can't spend the cost of a small car on a coat, no matter how fabulous. Still, Rastah's ambition is crystal clear: dress the world's elite in Pakistani artistry. And whether you applaud or eye-roll, there's no denying they're succeeding, stitch by dazzling stitch.
BusinessToday
22-04-2025
- Business
- BusinessToday
CPO Price Should Hold At RM3,900, Production Concerns However Remain
Oil palm trees After six consecutive months of decline, Malaysian palm oil stocks increased in March 2025, reaching 1.56 million tonnes. The Malaysian Palm Oil Council (MPOC) attributed this rise to a 16.8% month-on-month increase in palm oil production. This production recovery follows delays in February caused by heavy rainfall and flooding. However, the MPOC also noted that despite the March rebound, total palm oil production in the first quarter of 2025 was the lowest in three years. The council predicts that year-on-year production declines are likely to continue until September, potentially leading to a total palm oil output of around 19 million tonnes in 2025, below the 19.3 million tonnes produced in 2024. In terms of pricing, palm oil has recently regained its price competitiveness against other soft oils, after being priced at a premium in the global market since August 2024. The MPOC considers palm oil to be reasonably priced at RM3,900 per tonne. This price point is expected to drive increased palm oil imports from China in May and June, as the country replenishes its inventories during the higher consumption summer season. India is also expected to capitalise on the current lower palm oil prices to rebuild its depleted inventories, driven by a narrowing price gap between palm oil and soybean oil in the domestic market. Global soybean oil prices have been relatively high, with CBOT exchange prices hovering above 42 cents per pound (USD920 per tonne), despite bearish sentiment in the U.S. market. The recent removal of tax credits for canola oil and imported used cooking oil in the U.S. is expected to boost demand for tallow and soybean oil to fill the feedstock shortfall. This suggests that global soybean oil prices may have found a bottom and could see a strong recovery pending clarification of U.S. biofuel policy. While Malaysian palm oil stocks are projected to continue increasing from April onwards, the growth is expected to be moderate. This is due to weak year-on-year production growth, particularly in Sabah, where palm oil production declined by 10% from January to March 2025, reaching a five-year low. The production shortfall in Sabah is expected to limit inventory accumulation and support palm oil prices. Looking ahead, palm oil prices are anticipated to remain supported at RM3,900 per tonne. This price stability is supported by recovering soybean oil prices, which enhance palm oil's competitiveness. However, the ongoing production decline in Sabah is a concern, likely to constrain any significant production recovery in the coming months. Overall, while supportive factors exist, a strong rally in vegetable oil prices is considered unlikely due to escalating trade conflicts and soft crude oil prices, which increase risk and price volatility. Related
Yahoo
24-02-2025
- Business
- Yahoo
EQT completes public offering of common stock of Waystar Holding Corp
The offering resulted in aggregate gross proceeds of USD920 million, of which EQT received c. USD393 million NEW YORK, Feb. 24, 2025 /PRNewswire/ -- An affiliate of the fund known as EQT VIII ("EQT") is pleased to announce the completion of an underwritten public offering (the "Offering") of 23 million shares of common stock of Waystar Holding Corp. (NASDAQ: WAY) (the "Company") ("Shares") for aggregate gross proceeds of USD920 million. As part of the Offering, EQT sold c. 9.8 million Shares (and now holds c. 38.8 million Shares) and received gross proceeds of c. USD393 million. The remaining Shares sold in the Offering were sold by other stockholders of the Company. J.P. Morgan, Goldman Sachs & Co. LLC and Barclays acted as joint book-running managers of the Offering, which was completed on February 24, 2025, and as representatives of the several underwriters. The Company did not sell any Shares in the Offering and did not receive any proceeds from the sale of the Shares sold by EQT and the other stockholders. Contact EQT Press Office, press@ This information was brought to you by Cision The following files are available for download: Press Release, EQT VIII, Waystar, 24022025 View original content: SOURCE EQT Sign in to access your portfolio
