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According to Japans Kyodo News, Japanese Prime Minister Sanae Takaichis cabinet approval rating has dropped to 53.7%, the lowest point since the cabinet was formed.On July 26, Saudi Aramco shares fell as much as 1.0% in early trading, dropping to 26.56 riyals. This decline followed attacks by Houthi rebels in Yemen on two Aramco oil facilities in the Saudi cities of Jizan and Yanbu, raising concerns about potential disruptions to the state-owned oil giants operations and infrastructure. However, including todays decline, the stock is still up approximately 11.8% year-to-date. According to data from the London Stock Exchange Group (LSEG), of the 17 brokerages covering the stock, 10 have a "buy" rating or higher, and 7 have a "hold" rating. The median target price is 30.80 riyals, implying an upside of approximately 16% from the intraday low.The African Development Banks climate chief said African countries need up to $50 billion in additional climate financing this year to help combat climate change.On July 26th, JiKr released a statement regarding overseas self-driving car infotainment system prompts and subsequent optimizations, adjusting its security strategy for outbound vehicles. JiKr stated that the "Cross-border Protection" function was officially launched on the JiKr App in the early hours of July 26th. Car owners can quickly obtain verification codes and unlock their vehicles with a single click, simplifying the process and improving response efficiency. Additionally, a "Cross-border Protection function switch" is under development and will be pushed out via OTA. Once the switch is launched, "Cross-border Protection" will be off by default. Before departure, car owners can manually turn it on or off on their mobile devices according to their needs. JiKr emphasized that if car owners actively enable this function, the vehicle infotainment system will display a prompt and some functions will be restricted after leaving the country. At that time, car owners can still unlock their vehicles themselves through the "Cross-border Protection" entry in the App, achieving a balance between "anti-theft protection" and "free passage."Saudi Aramco shares fell 1% in early trading.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.