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SAFE China offers more forex hedging tools in wake of yuan volatility By Reuters
20 May 2022 18:04 (6 bulan lalu) - SHANGHAI (Reuters) -China's foreign exchange regulator said on Friday it would offer new derivatives tools to help companies better hedge their currency risks, after recent huge volatility in the Chinese yuan. The State Administration of Foreign Exchange (SAFE) will also make it easier for banks to conduct forex derivative business and encourage lenders to better manage forex risks themselves, according to a notice on SAFE's website. The announcement is designed to "further enhance the depth and breadth of China's forex market, and help market participants better manage currency risks," SAFE's deputy chief Wang Chunying said in a statement. ...
SAFE The House Legalized Cannabis. Don't Get Excited About Pot's Senate Prospects. - MarketWatch
04 Apr 2022 20:50 (8 bulan lalu) - The House of Representatives passed a bill on Friday that would decriminalize marijuana, fueling hopes that the U.S. was one step closer to opening its doors to the cannabis industry at the federal level. The news invigorated cannabis stocks last week, but experts cautioned that marijuana bulls should tamp down their expectations that the measure, called the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, will be signed into law anytime soon. “It’s great that the House passed the MORE Act,” said Adam Horowitz, a cannabis attorney at Cole Schotz. “I personally don’t expect for the Senate to pass it based on their current ...
SAFE House to Vote on Bill to Legalize Cannabis Today. What It Means for Pot Stocks. - MarketWatch
01 Apr 2022 18:42 (8 bulan lalu) - Cannabis stocks were optimistically ticking higher Friday ahead of a highly anticipated House vote on a bill to decriminalize marijuana. The House of Representatives bill, called the Marijuana Opportunity Reinvestment and Expungement Act, or MORE Act, would remove marijuana from the list of scheduled substances and impose a federal tax on marijuana products. It would also establish a process to expunge prior cannabis convictions. On Wednesday, the House Rules Committee voted to move the MORE Act to an official floor vote scheduled for mid-morning Friday. Pot stocks were cautiously trending up in premarket trading on Friday. Tilray Brands ( ...
SAFE Cannabis Stocks Rally Ahead of House Vote to Legalize Cannabis By Investing.com
25 Mar 2022 04:46 (8 bulan lalu) - Cannabis stocks surged in trading Thursday as the House Rules Committee is expected to vote on the MORE Act on cannabis legalization as soon as Tuesday. The House vote is symbolic, as the debate will show how much House GOP support there is for cannabis. Cannabis legislation is not about the House, it is all about the Senate. No matter what happens in the House next week, it cannot force the Senate to act. According to Jaret Seiberg from Cowen, the Senate won't take up the MORE Act as there are not the votes there to legalize cannabis. He anticipates nearly every Democrat to back the MORE Act, while Republicans decision is unclear, as the MO ...
SAFE SAFE eyes Jakarta electric bus project | IDNFinancials
14 Sep 2021 10:45 (1 tahun 2 bulan lalu) - JAKARTA – The provincial government of DKI Jakarta is said to add 400 electric buses to the Transjakarta fleet within the next two years. Jhon Pieter Sembiring, President Director of PT Steady Safe Tbk (SAFE), notices a vast opportunity to collaborate with the Jakarta government to provide electric buses. “The plan of adding 400 units of electric buses within the next two years offers a new opportunity for the operator to cooperate with Jakarta provincial government,” he confirms in the written public expose, quoted Tuesday (14/9). According to Sembiring, his company had formed a partnership with Regionally Owned Enterprises (BUMD), PT Tran ...
SAFE Exclusive: China's FX regulator surveyed banks, companies on yuan risk - sources By Reuters
30 Aug 2021 17:05 (1 tahun 3 bulan lalu) - BEIJING/SHANGHAI (Reuters) - China's currency regulator has been conducting a rare survey of banks and companies to ask about their risk management processes and ability to handle volatility in the yuan, three banking and policy sources told Reuters. The State Administration of Foreign Exchange (SAFE) surveyed "how companies in different sectors managed their FX exposure and how they used hedging tools", said one of the sources, who was directly involved in the survey. Two other sources, also directly involved, said the survey conducted this month was different from the routine quarterly questionnaire that banks submit on their proprietary ...
SAFE IHSG FORU LUCK 10 Saham Top Gainers Hari Ini Rabu 5 Mei 2021, Saham di Bawah Rp1.000 Berpesta - Market Bisnis.com
05 May 2021 16:40 (1 tahun 7 bulan lalu) - Bisnis.com, JAKARTA - Sejumlah saham di bawah Rp1.000 berkapitalisasi mini melonjak tinggi di tengah penguatan Indeks Harga Saham Gabungan (IHSG) pada Rabu (5/5/2021). Saham PT Steady Safe Tbk. (SAFE) melonjak 34,97 persen atau 57 poin menjadi Rp220. Selanjutnya, saham PT Fortune Indonesia Tbk. (FORU) melompat 34,94 persen atau 58 poin menuju Rp224. Saham PT Sentral Mitra Informatika Tbk. (LUCK), yang sempat ramai karena disebut dalam kasus investasi Jouska, naik 34,81 persen menjadi Rp182. Saham PT Inter Delta Tbk. (INTD), yang belakangan melonjak tajam, naik 34,74 persen menuju Rp256. Baca Juga: Saham Kertas Grup Sinar Mas Pimpin Penguat ...
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SAFE Cannabis banking bill heads to Senate, but future still unclear By Reuters
20 Apr 2021 22:40 (1 tahun 7 bulan lalu) - By Shariq Khan (Reuters) - The U.S. cannabis industry is hoping that the fourth time is a charm for a major banking reform bill that is once again headed to the Senate for approval after a comfortable victory in the U.S. House of Representatives. The House voted 321-101 on Monday to approve a legislation that would allow banks to provide services to cannabis companies in states where it is legal. The bill states that proceeds from legitimate cannabis businesses would not be considered illegal and directs federal regulators to craft rules for how they would supervise such banking activity. Banks have generally been unwilling to do business ...
SAFE UPDATE: Cannabis stocks rally premarket after House passes SAFE Banking Act - MarketWatch
20 Apr 2021 18:48 (1 tahun 7 bulan lalu) - Cannabis stocks rallied across the board in premarket trade Tuesday, with the Cannabis ETF THCX,-1.01% up 4.6%, after the House voted 321 to 101 in favor of a bill that would protect banks that do business with companies in states that have legalized the plant for medicinal or recreational purposes from federal enforcement action. The so-called SAFE Banking Act -- SAFE stands for Secure and Fair Enforcement -- aims to open up the federally insured banking system to cannabis companies, that have been starved of capital and forced to do much of their business in cash. The bill would exempt cannabis business transactions from being considered ...
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