Tropical Storm Ileana made landfall on the coast of the Mexican state of Sinaloa Saturday a day after it pounded the resort-studded Los Cabos. The tropical storm formed Thursday off Mexico's Pacific coast and was packing winds of of 40 mph (65 kph) as it moved ashore Saturday, the Miami-based National Hurricane Center said. It made landfall near the coastal city of Topolobampo and was moving north at 6 mph (9 kph). Forecasters say Ileana will churn over the coastal region of northern Sinaloa during the next several hours, weakening into a tropical depression, and then move over the Gulf of California roughly parallel to the coast on Sunday. On Friday, a warning had been in effect for portions of the Baja California Peninsula, including Cabo San Lucas and San Jose del Cabo. Juan Manuel Arce Ortega, from Los Cabos Civil Protection, said the municipalities of La Paz and Los Cabos had suspended classes in schools due to the storm. Authorities prepared 20 temporary shelters in San Jose

Peninsula Land Ltd. is trading above its 30 day SMA of 24.6

Peninsula Land Ltd.

19 Aug 2024

24.97

1.96%

US, S Korea begin military drills, N Korea says invasion rehearsal

Business Standard

US and South Korean troops kicked off a large-scale exercise Monday aimed at strengthening their combined defence capabilities against nuclear-armed North Korea, which again accused the allies of practicing an invasion. The annual summertime exercise comes amid heightened tensions on the Korean Peninsula as the pace of both North Korea's weapons demonstrations and the US-South Korea combined military exercises have intensified in a cycle of tit-for-tat. The exercise began hours after North Korea's Foreign Ministry issued a statement repeating the North's contention that such exercises are provocative war drills for aggression. It said the North's nuclear ambitions are thus justified, adding that it is crucial to "constantly maintain the balance of power for preventing a war by stockpiling the greatest deterrence. The United States and South Korea described their joint drills as defensive in nature and have been expanding and upgrading their training in recent years to cope with the

Peninsula Land Ltd. has lost -51.24% in the last 6 Months

Peninsula Land Ltd.

24 Jul 2024

24.97

1.96%

N Korea's trash balloons fall on South Korea's presidential office compound

Business Standard

Yonhap news agency says North Korean trash-carrying balloons have fallen on the compound of South Korea's presidential office. Yonhap gave no further details. But other South Korean media reported the balloons have caused no damages. South Korea's military earlier said North Korea flew more balloons likely carrying trash toward South Korea on Wednesday. It said the North Korean balloons were flying north of Seoul on Wednesday morning after crossing the border. North Korea flew more balloons likely carrying trash toward South Korea on Wednesday, Seoul officials said, days after South Korea boosted its frontline broadcasts of K-pop songs and propaganda messages across the rivals' heavily armed border. The tit-for-tat Cold War-style campaigns between the Koreas are inflaming tensions on the Korean Peninsula, with the rivals threatening stronger steps and warning of grave consequences. South Korea's Joint Chiefs of Staff said in a statement the North Korean balloons were flying north

Peninsula Land Ltd. has lost -54.10% in the last 1 Year

Peninsula Land Ltd.

07 Jul 2024

24.97

1.96%

As Beryl expected to regain hurricane strength, Texas braces for impact

Business Standard

Texas officials Saturday were urging coastal residents to brace for a potential hit by Beryl as the storm is expected to regain hurricane strength in the warm waters of the Gulf of Mexico. We're expecting the storm to make landfall somewhere on the Texas coast sometime Monday, if the current forecast is correct, said Jack Beven, a senior hurricane specialist at the National Hurricane Center in Miami. Should that happen, it'll most likely be a Category 1 hurricane. The earliest storm to develop into a Category 5 hurricane in the Atlantic, Beryl caused at least 11 deaths as it passed through the Caribbean islands earlier in the week. It then battered Mexico as a Category 2 hurricane, toppling trees but causing no injuries or deaths before weakening to a tropical storm as it moved across the Yucatan Peninsula. Texas officials warned the state's entire coastline to brace for possible flooding, heavy rain and wind as they wait for a more defined path of the storm. The hurricane centre ha

Peninsula Land Ltd. is trading above its 30 day SMA of 24.6

Peninsula Land Ltd.

06 Jul 2024

24.97

1.96%

Beryl batters Mexico as Texas officials urge coastal residents to prepare

Business Standard

Beryl battered Mexico's Yucatan Peninsula on Friday after hitting near the resort town of Tulum, whipping trees and knocking out power, while officials in Texas urged coastal residents to prepare as the storm moves toward the Gulf of Mexico. Beryl hit Mexico as a Category 2 hurricane but weakened to a tropical storm as it moved across the peninsula. The US National Hurricane Center expects Beryl to regain hurricane strength once it emerges into the warm waters of the Gulf of Mexico, where it is forecast to head toward northeastern Mexico and southern Texas, an area soaked by Tropical Storm Alberto just a couple of weeks ago. Beryl spread destruction in Jamaica, St. Vincent and the Grenadines, and Barbados this week after becoming the earliest storm to develop into a Category 5 hurricane in the Atlantic. Three people have been reported dead in Grenada, three in St. Vincent and the Grenadines, three in Venezuela and two in Jamaica, officials said. Mexican authorities had moved some ..

Peninsula Land Ltd.'s price crossed above 30Day SMA today

Peninsula Land Ltd.

03 Jul 2024

24.97

1.96%

Beryl hurricane heads toward Jamaica after ripping through the Caribbean

Business Standard

Hurricane Beryl roared through open waters Tuesday as a powerful Category 4 storm heading toward Jamaica after earlier crossing islands in the southeast Caribbean, killing at least six people. A hurricane warning was in effect for Jamaica, Grand Cayman, Little Cayman, and Cayman Brac. Beryl was losing intensity but was forecast to still be near major-hurricane strength when it passes near or over Jamaica early Wednesday, near the Cayman Islands on Thursday and into Mexico's Yucatan Peninsula on Friday, according to the National Hurricane Centre. A hurricane watch was in effect for Haiti's southern coast and the Yucatan's east coast. Belize issued a tropical storm watch stretching south from its border with Mexico to Belize City. Late Monday, Beryl became the earliest storm to develop into a Category 5 hurricane in the Atlantic and peaked at winds of 165 mph (270 kph) Tuesday before weakening to a still-destructive Category 4. On Tuesday night, the storm was about 300 miles (480...