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FINANCE Tuesday 19th of JULY

  • Posted Jul 19, 2022 14:42 by Anthony Ellis
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The CSX Index is currently at 474.60 Points up 2.18 Points or 0.46%

National bank of Cambodia Daily Exchange Rate is 4,087 KHR to the USD$ Let’s Look what else is happing in the finance world.

The Special Economic Zone Committee of the Council for the Development of Cambodia has issued investment project registration certificate to 4 companies:

1- "L-Q New Energy CO., LTD." The project to build a solar panel factory located Kratie province, with an investment of 84.5 million US dollars and creates about 1,000 jobs.

2- “Eastcam Casting Co., Ltd.” The project to establish a factory to produce and process steel pipes and process steel pipes of all kinds, located in the investment zone in Svay Rieng province, with an investment capital of 5.8 million US dollars and create jobs. Employ about 200 people.

3- "MEGA HARDWOOD CO., LTD" Project to establish a factory to produce plywood and plywood located in the special economic zone of Sihanoukville, Sihanoukville, with an investment capital of 5 million US dollars and create jobs. Employ about 300 people.

4- "XIN JIN WEI GARMENT (CAMBODIA) CO., LTD" Project to establish a garment factory located in Sihanoukville Special Economic Zone, Sihanoukville Province, with an investment capital of 1.5 million US dollars. Employ about 550 people.

ASIAN SHARES WEAKEN AS TRADERS EYE CENTRAL BANKS' RATE PLANS

Asian shares slipped on Tuesday, following overnight declines on Wall Street and on renewed fears about outbreaks of COVID-19 in China while the dollar hovered below last week's peak, but traders' main focus was approaching central bank meetings.

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS), fell 0.64%, walking back some of the previous day's 1.8% gain.

Asian tech stocks like Alibaba (9988.HK) and Samsung (005930.KS) helped lead the declines, after U.S. equity markets had closed lower overnight, impacted by reports Apple plans to slow hiring and spending growth next year.

Chinese blue chips (.CSI300) fell 1.11%

European markets were set to open lower with EUROSTOXX 50 futures off 0.75% and FTSE futures losing 0.4%. Japan's Nikkei (.N225) gained 0.75% after having been on holiday for Monday's rally.

Oil, another asset class struggling to find a clear direction, fell after gaining 5% overnight.

Brent crude was at $105.84 a barrel, down 0.4% and U.S. crude was 0.27% lower at $102.58. Spot gold remained soft at $1,708 an ounce.

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