The China stock market has moved lower in consecutive trading days, slumping almost 25 points or 0.8 percent along the way. The Shanghai Composite Index now rests just above the 3,040-point plateau although it\'s likely to open in the red again on Thursday. The global forecast is mixed and flat amid a lack of catalysts,...
The Hong Kong stock market on Wednesday snapped the three-day winning streak in which it had surged more than 850 points or 5.2 percent. The Hang Seng Index now sits just above the 17,080-point plateau and it may see additional weakness on Thursday. The global forecast is mixed and flat amid a lack of catalysts,...
The Indonesia stock market has moved higher in four straight sessions, advancing more than 170 points or 2.2 percent along the way. The Jakarta Composite Index now sits just above the 7,420-point plateau although investors may lock in gains on Thursday. The global forecast is mixed and flat amid a lack of catalysts, with expected...
The British pound strengthened against other major currencies in the European session on Thursday, as investors await the key U.S. data due later in the day that could shed additional light on the outlook for interest rates. Investors look for more clarity on whether the Fed will make its first rate cut this year in...
Indian shares ended Thursday\'s session higher, after having suffered heavy losses the previous day amid concerns surrounding elevated valuations in the broader market. The upside, however, remained capped ahead of key U.S. producer price inflation, jobless claims and retail sales data due later in the day that could offer additional clues on the interest rate...
German utility RWE AG reported Thursday sharply lower profit in its fiscal 2023 with weak revenues, while adjusted EBIT and EBITDA, key earnings metrics, were higher. Further, the company announced higher dividend, and said it maintains fiscal 2024 earnings view, but now sees at the lower end of the range. In Germany, RWE shares were...
The Financial Services Authority (OJK), Indonesia’s financial services watchdog, released new rules on March 13 that will cover cryptocurrencies and will come into force in January 2025. OJK’s Fresh Regulation to Strengthen Crypto and Financial Industry The financial regulator released fresh directives that cover actions relating to digital financial assets like cryptocurrency. It is believed...
While reporting financial results for the fourth quarter on Thursday, brick-and-mortar retailer Build-A-Bear Workshop, Inc. (BBW) initiated its revenue growth guidance for the full-year 2024. For fiscal 2024, the company expects revenue growth on a low-to-mid-single-digit percentage basis and adjusted total revenue growth on a mid-single-digit percentage basis. On average, three analysts polled by Thomson...
Binance, the world’s largest cryptocurrency exchange, has announced its plan to delist multiple TrueUSD spot trading pairs as well as a couple of BNB pairs, its native currency. The notice published on Wednesday, March 13, revealed that Binance will remove TrueUSD and BNB pairs that will include PENDLE/TUSD, COMP/TUSD, and EDU/TUSD. Additionally, the BNB duo...
While reporting financial results for the fourth quarter on Thursday, G-III Apparel Group, Ltd. (GIII) initiated its earnings, adjusted earnings and net sales guidance for the first quarter and full-year 2025. For the first quarter, the company expects earnings and adjusted results between a loss of $0.10 per share and breakeven per share on net...