Daily Archives: January 3, 2019

3Jan

Ascendas-Singbridge secures 12.2-section of land Chennai site for the improvement of new IT park

Ascendas-Singbridge Group has gained a 12.2-section of land site in Chennai for an undisclosed whole from GSquare Group, making it Ascendas-Singbridge’s 6th property in the city.

With an aggregate advancement capability of 2.3 million sq ft, the land allocate on Pallavaram– Thoraipakkam Road, otherwise called Radial Road, will be created into another IT park named International Tech Park Chennai (ITPC) – Radial Road, after the gathering’s leader International Tech Park Chennai – Taramani (envisioned in principle picture).

In a Thursday declaration, Ascendas-Singbridge gauges the principal period of the Radial Road advancement to offer about 1.1 million sq ft of Grade A business space.

Development will initiate soon, includes the gathering, contingent upon endorsements.

The up and coming IT park will join Ascendas-Singbridge’s present Chennai arrangement of two IT parks (Taramani and CyberVale); a coordinated mechanical improvement named OneHub Chennai; and also two coordinations and stockroom offices at Oragadam and Periyapalayam by Ascendas-Firstspace.

“Chennai is a key market for our India business, and this securing further shows our pledge to the city and the State of Tamil Nadu. ITPC – Radial Road is very much situated in an exceptional, high-development zone, and will reinforce Ascendas-Singbridge Group’s International Tech Park suite of business space arrangements,” says Vinamra Srivastava, CEO, India Operations and Private Funds, Ascendas-Singbridge Group.

“We will keep conveying our best regarding quality, resource the board administrations, and civilities, with the point of giving an alluring and favorable business condition for our occupants,” he includes.

3Jan

TODAY’S COMEX GOLD SIGNAL AND DAILY TECHNICAL REPORT

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

COMEX GOLD SIGNAL

INTERNATIONAL COMEX NEWS

  • Gold continued its effort to move past the $1,300 tape as dismal data on global factory activity pushed investors back from risk as markets began trading for 2019. Futures of the yellow metal hit near 7-month highs above $1,290 per troy ounce on Wednesday after China’s Purchasing Manager Index (PMI) contracted for the first time in 19 months in December.
  • Oil began 2019 trading weakly in Asia and Europe before ending up nearly 3% higher in New York after Bloomberg reported a deliberate curtailment by Saudi Arabia of its shipments to the United States and China last month. U.S. West Texas Intermediate crude settled up $1.13, or 2.5%, at $46.54 per barrel. U.K. traded Brent, the global oil benchmark, rose by $1.04, or 1.9%, to $54.84 by 2:39 PM ET (19:39 GMT).
  • Oil prices gave back half of Wednesday’s gains, weighing on the CAD. Canadian Market Manufacturing PMI fell in December to 53.6. The Canadian dollar was among the strongest against the greenback on Wednesday, underpinned by oil prices´ recovery during the US session, sending the pair down to 1.3570 despite soft Canadian data, as the Canadian Market Manufacturing PMI fell in December to 53.6 from 54.9 in November, another sign of global economic slowdown.

COMEX GOLD SIGNAL

ECONOMY NEWS

  • U.S. fund investors anguished over economic growth and policies pulled the most cash from stocks in any weekly period since last February, Investment Company Institute data showed on Wednesday. Mutual funds and exchange traded funds (ETFs) tracked by the trade group reported $37.8 billion in withdrawals overall, a 12th week of declines and the most cash pulled since a Chinese growth scare in August 2015.
  • President Donald Trump threatened on Friday to close the southern U.S. border with Mexico unless he gets the money he wants for a wall, raising the stakes in a standoff that will present an immediate test next week for the new U.S. Congress. When Nancy Pelosi and the Democrats take control of the U.S. House of Representatives on Thursday, they plan to quickly approve a spending measure meant to end a partial government shutdown that began on Dec. 22, triggered by Trump’s demand for $5 billion in funding for his proposed wall.
  • The European Central Bank appointed three temporary administrators on Wednesday to take charge of Italy’s Carige bank (MI:CRGI) in an unprecedented effort to save the struggling lender after it failed to raise new capital. Italy’s 10th largest bank said the administrators would seek fresh talks with the country’s deposit guarantee fund, which lent it 320 million euros ($364 million) via a convertible bond last year to help it meet a year-end deadline to boost capital.

COMEX GOLD SIGNAL

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