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Turkey's Inflation Rate Sees Significant Drop: December to January CPI Dips to 27.05% - ForexTV
In a promising development for Turkey's economy, the Consumer Price Index (CPI) foresees a notable decline, shifting from 45.28% in December 2024 to 27.05% in January 2025. This statistical update, released on January 17, 2025, marks a significant shift in Turkey's inflation landscape as the country accelerates efforts to stabilize its economy.This decline in the CPI suggests a potential easing of inflationary pressures that have posed challenges to the country's economic stability in recent years. The drop from the December 2024 figures represents not only a stabilizing trend but also may ignite optimism amongst policymakers and investors.However, experts urge caution as they seek to understand the factors contributing to this significant reduction and whether it represents a sustainable trend or a temporary reprieve. As the nation navigates through its economic strategies, this development could prove pivotal in shaping Turkey's economic policies in the forthcoming months. Investors and stakeholders await further data to assess the broader impact of this change on Turkey's economic landscape, both domestically and globally.The material has been provided by InstaForex Company - www.instaforex.com
Invitation to presentation of Scatec ASA’s fourth quarter results 2024 - ForexTV
Oslo, 17 January 2025: Scatec ASA will release its fourth quarter results on Friday 31 January 2025 at 07:00 am (CET). A presentation of the results followed by a Q&A session will be held on the same day at 09:00 am at Scatec’s headquarters at Skøyen Atrium III (1st floor), Askekroken 11, 0277 Oslo. The presentation and the Q&A session can be followed through a live webcast from our website www.scatec.com, or Scatec webcast Q4 2024. For further information, please contact:For analysts and investors: Andreas Austrell, VP IR, andreas.austrell@scatec.com For media: Meera Bhatia, SVP External Affairs & Communications, meera.bhatia@scatec.com About Scatec Scatec is a leading renewable energy solutions provider, accelerating access to reliable and affordable clean energy in emerging markets. As a long-term player, we develop, build, own, and operate renewable energy plants, with 5 GW in operation and under construction across five continents today. We are committed to grow our renewable energy capacity, delivered by our passionate employees and partners who are driven by a common vision of ‘Improving our Future’. Scatec is headquartered in Oslo, Norway and listed on the Oslo Stock Exchange under the ticker symbol ‘SCATC’. To learn more, visit www.scatec.com or connect with us on LinkedIn.
Thailand's Currency Swaps with USD Witness Slight Decline to $24.4B - ForexTV
Thailand's currency swap arrangements with the U.S. dollar have experienced a marginal decrease, with the latest figures reaching $24.4 billion. This minor drop comes as the previous indicator showed a total of $24.9 billion. The newly updated data, dated January 17, 2025, reflects the ongoing economic dynamics within the Southeast Asian nation.Currency swaps are instrumental for Thailand's economic strategy, as they aid in managing short-term currency volatility and facilitate international trade and investment. Although the drop might appear slight, it represents subtle shifts within the broader monetary framework impacted by global market conditions and domestic economic policies.Financial analysts will closely monitor the implications of this decrease, considering Thailand's unwavering focus on strengthening its economic resilience. Industry insiders remain optimistic that strategic fiscal maneuvers will soon stabilize or enhance the currency swap figures, aiming to anticipate any challenges within the international financial systems.The material has been provided by InstaForex Company - www.instaforex.com
Thailand's Foreign Reserves Experience a Slight Dip in Early 2025 - ForexTV
Thailand's foreign reserves have witnessed a modest decline at the start of 2025, according to the latest data released on January 17. The country's reserves dropped to USD 235.4 billion from the previous figure of USD 236.4 billion. This decline follows the general trend observed over recent periods, which continues to be a point of interest for economic analysts and investors globally.The decrease in foreign reserves highlights the economic pressures faced by Thailand as it navigates fluctuating global markets and domestic challenges. The slight reduction may be attributed to several factors, including changes in foreign trade balances, currency fluctuations, and adjustments in financial policies aimed at stabilizing the economy.As Thailand aims to maintain economic stability and growth, close monitoring of foreign reserves will be crucial. Government and financial bodies are likely to focus on strategic measures to potentially bolster reserves, ensuring economic resilience amidst global uncertainties. The continuity of this trend will be critical for economic projections in the region and will be closely watched by stakeholders and policymakers alike.The material has been provided by InstaForex Company - www.instaforex.com
Innoviti Allocates Additional Rs. 25 Cr. of ESOPs in Preparation for its Proposed IPO - ForexTV
(Allocation provides a wealth creation opportunity to every employee) BENGALURU, India, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Innoviti Technologies Pvt. Ltd., India’s largest payments-centric retail SaaS platform for enterprise brands and their SME channel partners, announced today that in preparation for its IPO it has carried out an additional allocation of Rs. 25 Cr. of ESOPs to 110 employees. With this the total allocation to employees now stands at Rs. 106 Cr.50% of the allocation is towards bringing all employees who have spent more than 1 year with the company under the ESOP plan. The remaining 50% is a grant given to select few employees based on their outstanding contributions to the company. The grants vary from Rs. 3Cr. to Rs. 1 lakh.Innoviti delivers retail SaaS through digital payment channels to help businesses unlock value at the point of consumption left undiscovered by traditional payment solutions. The company’s modern software connects retail and payment systems to deliver new and unique payments, operational, and marketing software through payment channels at the point of consumption.The company’s sales negotiation software “innoviti genie” for mid-market electronics merchants has grown at an annualized rate of 192% in the last year. The enterprise payments software “innoviti unipay” for large enterprises has posted a 15% annualized growth over last year with 28% EBITDA. Innoviti in December 2024 launched its payment collection app “innoviti link” for mid-market merchants doing delivery. This was developed under its online PA license received from RBI. The app has shown a rapid adoption and is targeted to cover 30,000 merchants by March 2025.The company is operating at an annualized run-rate of Rs. 160 Cr., with less than Rs. 8 Cr. of annualized EBITDA loss. Operating profitability is targeted in the next couple of quarters, setting the stage for a proposed IPO in the next 12 months.The company received the final authorization from RBI to operate as an online payment aggregator earlier this year. Quotes: “Innoviti's spectacular performance of 67% revenue growth and 58% EBITDA loss reduction, in the last few quarters, would not have been possible without the hard work put in by the exceptionally talented team at Innoviti. The company is planning for operating profitability within the next 2 quarters, and has initiated IPO planning with an aim to list in the next 12 months. I hope this reward will translate into wealth and happiness for Innoviti’s employees. I hope it will help them reinforce their belief that merit, sincerity, and hard work always pays. I hope that it will help them fulfill their dreams, as they help the company fulfills its.”– said Mr. Rajeev Agrawal, CEO, Innoviti. About Innoviti Technologies Pvt. Ltd., Bangalore, India. https://www.innoviti.com Innoviti provides payments-centric retail SaaS software to enterprise brands and their SME channel partners, helping them grow faster and with lesser efforts, by unlocking competitive advantages left hidden away by traditional payment solutions. Innoviti’s tools run across online and offline payment channels, processing over Rs. 80,000 Cr. annually from across 2000 cities and over 20,000 merchants. The company processes more than 50% of all purchases happening in enterprise retailers in the food & grocery, lifestyle, and healthcare categories. Backed by marquee investors such as Bessemer Venture Partners, USA, FMO, Netherlands, Catamaran Ventures (Mr. Narayana Murthy’s family office), India, and the Patni Family Office, India, Innoviti is the recipient of RBI’s final authorization to operate as an online payment aggregator. The company has won the 50 fastest growing companies in Asia award from Deloitte four times, Reliance Innovation Award, and the Mastercard Innovation Award, and has 11 patents to its name, with 16 more in pipeline. CONTACT: Media Contact: Chinmaya Bhure chinmaya.bhure@innoviti.com +91-98212-15631
Norsk Hydro: Hydro's fourth quarter results 2024 - ForexTV
Hydro's fourth quarter results 2024 will be released at 07:00 CET (01:00 EST, 06:00 UTC/GMT) on February 14, 2025. The annual report 2024 will be released the same day at 08:00 CET (02:00 EST, 07:00 UTC/GMT). The quarterly report, presentation slides and annual report will be available on hydro.com at the same time as the releases. President and CEO Eivind Kallevik, and Executive Vice President and CFO Trond Olaf Christophersen, will host a webinar in English at 08:30 CET the same day. There will be a Q&A session directly after the presentation. There will be no physical presentation or press conference. To join the webinar and ask questions, register your details in the webcast page. Once registered, you will receive a separate email confirming your registration. The webcast is powered by Livestorm. We advise you to investigate in advance if your company has any restrictions using this platform. Investor contact: Martine Rambøl Hagen +47 91708918 martine.rambol.hagen@hydro.com
Update: Spirit Blockchain Capital Closes Second Tranche of Private Placement - ForexTV
Not for dissemination in the United States or for distribution to U.S. wire servicesVancouver, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Spirit Blockchain Capital (“SBC” or the “Company”) (CSE: SPIR), is pleased to announce the successful closing of the second tranche of its previously announced non-brokered private placement (the “Offering”). Under this second tranche, SBC has issued 883,009 units (“Units”) at a price of $0.165 per Unit, raising gross proceeds of $145,696.49. Each Unit comprises one common share of SBC (a “Common Share”) and one-half of one common share purchase warrant (a “Warrant”). Each full Warrant entitles the holder to acquire an additional Common Share at an exercise price of $0.255 for a period of 24 months from the date of issuance. The net proceeds of this Offering will be strategically allocated to accelerate revenue expansion opportunities, enhance investor relations, and support general corporate operations. All securities issued under the Offering are subject to a statutory hold period lasting four months and one day from the date of issuance. Spirit Blockchain Capital continues to work closely with our key international investors, reflecting their strong confidence in our vision and strategy. While the investment process faces delays due to regulatory frameworks and settlement requirements, both parties remain fully committed to finalizing the transaction. This strategic partnership highlights the trust placed in Spirit Blockchain Capital’s leadership and long-term potential. Our dedication to transparency and regulatory compliance ensures that we are well-positioned to deliver sustainable value for shareholders. As we finalize this significant investment, Spirit Blockchain Capital continues to strengthen its role as a trusted innovator in the blockchain and digital asset space, driving growth and innovation in tokenized finance. About Spirit Blockchain Capital Spirit Blockchain Capital is a leading investment company at the forefront of the blockchain industry. Through our operational business line and asset management business, we provide investors with a range of opportunities for capital appreciation. With a strong focus on innovation, strategic investments, and operational excellence, Spirit Blockchain is poised to unlock the potential of the digital economy. For media inquiries, please contact: Lewis BatemanChief Executive Officer info@spiritblockchain.com Forward-Looking Statements This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. The use of any of the words “expect”, “anticipate”, “continue”, “estimate”, “objective”, “may”, “will”, “project”, “should”, “believe”, “plans”, “intends” and similar expressions are intended to identify forward-looking information or statements. Forward looking statements in this news release include the Company’s expectation of additional investments from international subscribers and the timing for completion of these investments, the Company’s proposed use of proceeds of the Offering and the company’s business plans. The forward-looking statements and information are based on certain key expectations and assumptions made by the Company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks, including without limitation the risk that the Company may not receive additional subscriptions from international subscribers in a timely manner or at all, and that even if such subscriptions are received they may not be in the amounts expected. Factors that could materially affect such forward-looking information are described under the heading “Risk Factors” in the Company’s long form prospectus dated August 8, 2022, that is available on the Company’s profile on SEDAR at www.sedar.com. The Company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents managements’ best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The CSE has not reviewed, approved or disapproved the content of this press release.