Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched monthly US jobs data later in the day that will offer clues on the US Feds interest rate...
Indian shares were little changed on Friday ahead of the Reserve Bank of Indias (RBI) monetary policy decision later in the day, with analysts remaining divided on whether the rate-setting panel will maintain its stance on the key interest rates or go for its first policy reduction since February 2023. The benchmark S&P BSE Sensex...
European stocks may open on a sluggish note Friday as traders take stock of political turmoil in South Korea and France and await the all-important U.S. nonfarm payrolls report due later in the day for additional clues on the Feds rate trajectory. Economists expect U.S. employment to jump by 200,000 jobs in November after an...
Amanda Cassatt built Serotonin and Mojito after leading Ethereum’s marketing at ConsenSys, shaping Web3 branding and NFT commerce.She authored Web3 Marketing to guide businesses in blockchain adoption and was recognized in Forbes’ “30 Under 30.” Amanda Cassatt grew up in Washington, D.C., in a household where science was just part of daily conversation. Her mom...
Bitwise CIO Matt Hougan believes Bitcoin’s four-year cycle is over, with macroeconomic factors now playing a bigger role.Institutional interest in Bitcoin remains strong, with ETFs accumulating 1.163 million BTC, representing 5.94% of its market capitalization. According to Matt Hougan, CIO of Bitwise, Bitcoin’s four-year cycle, which has long been used as the primary benchmark for...
El Salvador ended Bitcoin’s legal tender status, making its use voluntary and limiting its role in government transactions.Bitfinex Securities’ BMN2 investment lowers entry barriers, allowing more investors to participate in Bitcoin mining under El Salvador’s new regulations. El Salvador has ended Bitcoin’s status as legal tender. The choice followed pressure from the International Monetary Fund...
JAKARTA – Anderson Bay Pte Ltd has officially acquired a controlling stake in PT Exploitasi Energi Indonesia Tbk (CNKO), marking a new chapter for the company as it seeks to resolve its capital deficiency issues. According to data compiled by IDNFinancials on Friday (6/12), Anderson Bay acquired 896 million shares, equivalent to a 10% stake...
JAKARTA – Stocks owned by Prajogo Pangestu’s Barito Group have demonstrated promising prospects in the capital market. Three out of five of the groups companies have recorded positive stock growth year-to-date (ytd) from the beginning of the year to Friday (6/12). According to data compiled by IDN Financials on Friday (6/12), the three companies in...
JAKARTA. Stocks owned by Prajogo Pangestu spearheaded the Jakarta Composite Index (IHSG) rise, gaining 0.95% or 69.47 points to reach 7,382.79 during Friday’s (6/12) trading session. According to data compiled by .com, the trading volume reached 15.95 billion shares, with a total transaction value of IDR 9.6 trillion (USD 606 million), and the frequency of...
TMPO Shares Lead Top Gainers at Weeks Close JAKARTA – PT Tempo Inti Media Tbk (TMPO) shares posted the highest gain among other listed stocks, jumping 34.43% by the close of trading on Friday (6/12). According to IDNFinancials data, TMPO shares closed at Rp164, up from the opening price of Rp122 per share. The stock...