Latest news with #US-centric
Time of India
2 days ago
- Entertainment
- Time of India
GothamChess addresses viral drama over Emil Sutovsky's tweet: 'It should change.. now I look like an egocentric idiot'
(Image via YouTube/GothamChess) A major controversy in the chess community has sparked discussions this week, putting International Master Levy Rozman in hot water after he made a comment about his fame. It further escalated when Emil Sutovsky, FIDE CEO, weighed in, leading to a feud. The entire drama involved perceptions of players' fame in the game and online creators' influence. Rozman now has stepped forward with the pointed response, clarifying his stance on this escalating situation. GothamChess claims misrepresentation of the post, calling it out of context Levy Rozman has finally addressed the ongoing drama which was ignited after a critical tweet by Emil Sutovsky. It's asserted by him that his non-controversial statement that was made on the global chess recognition was ripped from its original context, leading to a widespread misinterpretation. "This image and quote is quite out of context, which is annoying, but understandable," Rozman stated as he expressed his frustration at how his words got spread online. GothamChess further clarified his intention, which was not self-aggrandizement. He explained, "My quote was a reference to... speaking to an athlete (casual chess fan) who could only name myself, Magnus, and Hikaru as chess." My Response To The Allegations The International Master further emphasized he was trying to highlight a problem. He said, "I was simply making the point that it's unfortunate if someone can only name us 3 as chess players, and it should change. But of course, now I look like an egocentric idiot." He conceded this label might at times fit, but he argued it was definitely undeserved in the instance. Discussing the original comment that sparked the entire drama 'That's Not My Fault' – GothamChess Fires Back in Chess Drama! The ongoing controversy can be traced back to the interview Rozman gave during one of his recent European tours. An individual reportedly expressed difficulty following up professional chess and claimed familiarity with only 3 figures worldwide: Magnus Carlsen Hikaru Nakamura, and Levy Rozman Rozman presented the anecdote not as a boast but as evidence of some significant accessibility gap that exists within chess. The core argument of the player, before the quote gained traction, was actually centered on the struggle of the game to promote a diverse array of top players to a mainstream audience, much beyond dedicated fans. He even saw the limitation within recognition as a barrier to a player's broad growth. Emil Sutovsky challenged the streamer's perfection and influence The drama escalated when Emil Sutovsky, the CEO of the global governing body of chess, shared Rozman's isolated quote on social media. Posting the image, he questioned the fans, "Do you agree with that? I don't - but maybe that's because my bubble consists of hardcore chess fans." He even directly critiqued Rozman's viewpoint as "extremely US-centric," reflecting regional bias. Further, Sutovsky even cast doubt on YouTubers' and chess streamers' current impact, suggesting their significance has decreased compared to the previous years. He stated, " I also feel, that in general streamers/youtubers impact on the game is much less significant than it used to be few years ago," acknowledging he "might err." His comments prompted a flood of reactions, debating chess popularity's true drivers today. Chess Community reacts to Emil Sutovsky's stance Sutovsky doubled down in the follow-up tweet that quite subtly compared Rozman to Sagar Shah (ChessBase India), suggesting that Shah's content creates "hardcore chess fans" and not just some casual viewers. It further sparked more debates on whether chess's popularity should be measured by the mass appeal or its dedicated engagement. Rozman did fire back and defended content creators and their roles within growing chess. He argued that without any accessible figures, including himself, there would be many fans who would not engage with the game at all. On the other hand, Shah took a diplomatic stance, praising creators and FIDE for pushing the game of chess forward. The entire drama highlights a very deep divide between whether or not chess requires mainstream influencers or any traditional ambassadors to thrive. For now, the debate is still raging without any resolution. But hopefully, it will soon come to an end. Game On Season 1 kicks off with Sakshi Malik's inspiring story. Watch Episode 1 here
Daily Maverick
5 days ago
- Business
- Daily Maverick
Nervy markets await Fed as Mideast conflict rages on
SINGAPORE, June 18 (Reuters) – Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of US Treasuries and the dollar while dumping stocks. Investors have grown increasingly nervous over the possibility of a more direct US military involvement as the Israel-Iran air war entered a sixth day, with President Donald Trump calling for Iran's unconditional surrender and warning US patience was wearing thin. 'Clearly the Middle East issues have not been solved, and comments by President Trump just mean that things could get more dangerous in that part of the world,' said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia (CBA). 'The markets are trying to figure out that risk of a big US military intervention. It's hard to say exactly what the market is thinking, but judging by the oil price and currencies, they're certainly pricing in at least some risk that something goes very bad there.' Oil prices extended their climb on Wednesday, with Brent crude futures up 0.33% to $76.70 per barrel while US crude rose 0.45% to $75.18 a barrel. Both had jumped more than 4% in the previous session. The broad risk-off moves across markets also continued to gather pace. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.26% as did EUROSTOXX 50 futures, which declined 0.4%. US stock futures were little changed after the cash session on Wall Street ended in the red overnight. In currencies, the dollar firmed at a one-week high of 145.445 yen and held to most of its gains against other peers. The euro struggled to recover from its 0.7% fall on Tuesday, and last bought $1.1487. Sterling edged slightly higher to $1.3435, having slid 1.1% in the previous session. The spike in oil prices is a negative for the yen and euro at the margin as both Japan and the EU are major importers of energy, while the United States is an exporter. 'The war has demonstrated that the US dollar still retains a bit of haven status in certain situations, such as when the war is seen to raise the risk of disrupting global oil supply, and when the war diverts traders' attention away from those risks that are US-centric,' said Thierry Wizman, global FX and rates strategist at Macquarie Group. FED OUTCOME The conflict in the Middle East, combined with prolonged uncertainty over Trump's tariffs and signs of fragility in the US economy, make for a challenging backdrop ahead of the Federal Reserve's policy decision later on Wednesday. US retail sales fell by a more-than-expected 0.9% in May, data showed on Tuesday, marking the biggest drop in four months. Expectations are for the Fed to stand pat on rates, though focus will also be on the central bank's updated projections for the economy and the benchmark interest rate. 'We do not anticipate much novelty from the Fed,' said Erik Weisman, chief economist at MFS Investment Management. 'The only area of interest may come from the new set of forecasts under the Summary of Economic Projections, which may point to slightly slower growth, combined with slightly higher inflation.' US Treasury yields were steady in Asia after falling on Tuesday, as investors scooped up the safe-haven bonds in the wake of latest developments in the Israel-Iran conflict. Bond yields move inversely to prices. The benchmark 10-year yield was last at 4.4027%, having fallen roughly 6 basis points in the previous session. The two-year yield stood at 3.9581%. Elsewhere, spot gold eased 0.12% to $3,384.73 an ounce.
New Straits Times
5 days ago
- Business
- New Straits Times
Nervy markets await Fed as Mideast conflict rages on
SINGAPORE: Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of US Treasuries and the dollar while dumping stocks. Investors have grown increasingly nervous over the possibility of a more direct US military involvement as the Israel-Iran air war entered a sixth day, with President Donald Trump calling for Iran's unconditional surrender and warning US patience was wearing thin. "Clearly the Middle East issues have not been solved, and comments by President Trump just mean that things could get more dangerous in that part of the world," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia (CBA). "The markets are trying to figure out that risk of a big US military intervention. It's hard to say exactly what the market is thinking, but judging by the oil price and currencies, they're certainly pricing in at least some risk that something goes very bad there." Oil prices extended their climb on Wednesday, with Brent crude futures up 0.33 per cent to US$76.70 per barrel while US crude rose 0.45 per cent to US$75.18 a barrel. Both had jumped more than 4 per cent in the previous session. The broad risk-off moves across markets also continued to gather pace. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.26 per cent as did EUROSTOXX 50 futures, which declined 0.4 per cent. US stock futures were little changed after the cash session on Wall Street ended in the red overnight. In currencies, the dollar firmed at a one-week high of 145.445 yen and held to most of its gains against other peers. The euro struggled to recover from its 0.7 per cent fall on Tuesday, and last bought US$1.1487. Sterling edged slightly higher to US$1.3435, having slid 1.1 per cent in the previous session. The spike in oil prices is a negative for the yen and euro at the margin as both Japan and the EU are major importers of energy, while the United States is an exporter. "The war has demonstrated that the US dollar still retains a bit of haven status in certain situations, such as when the war is seen to raise the risk of disrupting global oil supply, and when the war diverts traders' attention away from those risks that are US-centric," said Thierry Wizman, global FX and rates strategist at Macquarie Group. FED OUTCOME The conflict in the Middle East, combined with prolonged uncertainty over Trump's tariffs and signs of fragility in the US economy, make for a challenging backdrop ahead of the Federal Reserve's policy decision later on Wednesday. US retail sales fell by a more-than-expected 0.9 per cent in May, data showed on Tuesday, marking the biggest drop in four months. Expectations are for the Fed to stand pat on rates, though focus will also be on the central bank's updated projections for the economy and the benchmark interest rate. "We do not anticipate much novelty from the Fed," said Erik Weisman, chief economist at MFS Investment Management. "The only area of interest may come from the new set of forecasts under the Summary of Economic Projections, which may point to slightly slower growth, combined with slightly higher inflation." US Treasury yields were steady in Asia after falling on Tuesday, as investors scooped up the safe-haven bonds in the wake of latest developments in the Israel-Iran conflict. Bond yields move inversely to prices. The benchmark 10-year yield was last at 4.4027 per cent, having fallen roughly 6 basis points in the previous session. The two-year yield stood at 3.9581 per cent. Elsewhere, spot gold eased 0.12 per cent to US$3,384.73 an ounce.
Time of India
04-06-2025
- Business
- Time of India
I-Sec maintains Add on Alkem Laboratories, revises target price to Rs 5,900
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities maintains an Add call on Alkem Laboratories with a revised target price of Rs 5,900 (earlier Rs 5,920). The current market price of Alkem Laboratories is Rs 5065.15. Alkem Laboratories, incorporated in 1973, is a Large Cap company with a market cap of Rs 61014.02 crore, operating in the pharmaceuticals Laboratories' key products/revenue segments include Pharmaceuticals, Other Operating Revenue, Export Incentives and Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3289.71 crore, down -5.12 % from last quarter Total Income of Rs 3467.27 crore and up 8.79 % from last year same quarter Total Income of Rs 3023.99 crore. The company has reported net profit after tax of Rs 323.01 crore in the latest company?s top management includes N Singh, Ravi, Singh, Kumar Purwar, Talwar, Singh, Kumar Singh, Singh, Singh, Singh, Kumar Aneja. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 12 crore shares Securities expects Alkem to witness revenue CAGR of 9.3% and nominal margin expansion of ~50bps to 19.9% over FY25-27E. They have reduced EPS by ~27% for FY27E to factor in higher tax rate. The stock trades at valuations of 27.3x FY26E and 33.0x FY27E earnings and EV/EBITDA multiple of 21.8x FY26E and 19.1x FY27E. The brokerage maintains ADD with lower target price of Rs 5,900 (earlier Rs 5,920) based on 22x FY27E EV/EBITDA (29x FY26E earnings earlier). Key downside risks include more products under price control, regulatory lapses in US-centric plants and slowdown in trade held 55.13 per cent stake in the company as of 31-Mar-2025, while FIIs owned 9.4 per cent, DIIs 19.42 per cent.
Economic Times
04-06-2025
- Business
- Economic Times
I-Sec maintains Add on Alkem Laboratories, revises target price to Rs 5,900
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ICICI Securities maintains an Add call on Alkem Laboratories with a revised target price of Rs 5,900 (earlier Rs 5,920). The current market price of Alkem Laboratories is Rs 5065.15. Alkem Laboratories, incorporated in 1973, is a Large Cap company with a market cap of Rs 61014.02 crore, operating in the pharmaceuticals Laboratories' key products/revenue segments include Pharmaceuticals, Other Operating Revenue, Export Incentives and Scrap for the year ending the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 3289.71 crore, down -5.12 % from last quarter Total Income of Rs 3467.27 crore and up 8.79 % from last year same quarter Total Income of Rs 3023.99 crore. The company has reported net profit after tax of Rs 323.01 crore in the latest company?s top management includes N Singh, Ravi, Singh, Kumar Purwar, Talwar, Singh, Kumar Singh, Singh, Singh, Singh, Kumar Aneja. Company has BSR & Co. LLP as its auditors. As on 31-03-2025, the company has a total of 12 crore shares Securities expects Alkem to witness revenue CAGR of 9.3% and nominal margin expansion of ~50bps to 19.9% over FY25-27E. They have reduced EPS by ~27% for FY27E to factor in higher tax rate. The stock trades at valuations of 27.3x FY26E and 33.0x FY27E earnings and EV/EBITDA multiple of 21.8x FY26E and 19.1x FY27E. The brokerage maintains ADD with lower target price of Rs 5,900 (earlier Rs 5,920) based on 22x FY27E EV/EBITDA (29x FY26E earnings earlier). Key downside risks include more products under price control, regulatory lapses in US-centric plants and slowdown in trade held 55.13 per cent stake in the company as of 31-Mar-2025, while FIIs owned 9.4 per cent, DIIs 19.42 per cent.
