A Standard Chartered Bank executive has predicted that Bitcoin could bounce back to reach a new all-time-high price at $125k before the year ends. His prediction is based on three main factors: the possible removal of Staff Accounting Bulletin-121 (SAB-121), the change in the US political climate, and macroeconomic factors. Bitcoin (BTC) recently breached a crucial...
Bitcoin proponents have slammed the massive XRP rally, calling it unsustainable.XRP proponents dismissed the claims, outlining why XRP deserves the growth. Bitcoin (BTC) proponents have raised concerns regarding XRP’s latest rally. Some predict the meteoric rise could result in a disastrous collapse, even labeling it the “mother of all rugpulls.” XRP has lost a substantial...
Bill Dudley warns Bitcoin reserves could harm U.S. interests and the dollar’s global reserve status.Senator Lummis proposes U.S. Bitcoin reserves, aiming for 1M BTC to reduce national debt. Bill Dudley, the former chairman of the New York Federal Reserve, has expressed serious worries about Bitcoin’s prospective inclusion in the US national reserves, according to Bloomberg....
JAKARTA. PT Merdeka Battery Materials Tbk (MBMA), a nickel mining issuer that supplies battery raw materials for electric vehicles, will carry out additional capital without providing pre-emptive rights (PMTHMETD) or private placement. The number of new shares to be issued by MBMA is 10.79 billion shares. This is equivalent to 10% of the companys issued...
JAKARTA. PTMap Aktif Adiperkasa Tbk (MAPA), a subsidiary of PT Mitra Adiperkasa Tbk (MAPI), posted a net profit of IDR 1.1 trillion in the first nine months (9M) of 2024. This gain increased 7.3% year-on-year (yoy) or compared to 9M 2023. This growth was supported by net income performance which reached IDR 12.4 trillion, up...
JAKARTA - PT Metrodata Electronics Tbk (MTDL) posted growth in revenue and profit performance in the first nine months of this year. Hardware sales remain the main contributor to this issuers revenue. Financial Report for the Third Quarter 2024 quoted on Thursday (31/10), Susanto Djaja, President Director of MTDL said that net income rose 14.12%...
JAKARTA. PT Selamat Selamat Tbk (SMSM), an automotive component manufacturer, will distribute an interim dividend of IDR 201.55 billion or IDR 35 per share. Ang Andri Pribadi, Deputy President Director of SMSM, conveyed that this plan was in accordance with the decision of the companys board of directors several days ago. It was approved by...
JAKARTA - Even though PT Samator Indo Gas Tbk (AGII)s revenue rose slightly by 2.85%, its profit fell by 27.03% in the third quarter of 2024 from the same period in 2023. This decline in performance was influenced by an increase in selling and general expenses. Based on the Financial Report for the Third Quarter...
After opening on a weak note, the Canadian market is languishing in negative territory a little past noon on Friday, with energy and materials stocks reeling under selling pressure due to falling commodity prices. Investors are also digesting the nations employment data, and reacting to a slew of corporate earnings updates. The benchmark S&P/TSX Composite...
The U.S. dollar strengthened against its major counterparts in the New York session on Friday on hopes that policies under incoming President Donald Trump would spur economic growth and inflation. Trump has proposed tax cuts and tariffs on imported goods in his election campaign. Trumps fiscal policies will elevate upside risks to inflation and push...