U.K. stocks were little changed on Wednesday as investors reassessed the ability of Chinas stimulus to boost demand. The benchmark FTSE 100 was marginally higher at 8,287 after closing up 0.3 percent on Tuesday. Mining stocks traded mixed, while energy giants BP Plc and Shell were down around half a percent each. Property website Rightmove...
European stocks were subdued on Wednesday as investors reassessed the ability of Chinas stimulus to boost demand. Earlier today, Chinas central bank lowered the cost of its medium-term loans to bank, in a move consistent with other broad policy to shore up growth in the worlds second-largest economy. Also, Swedens central bank has cut its...
Indian shares ended Wednesdays session higher as weak U.S. data released overnight bolstered the case for deeper rate cuts. A slew of data showed on Tuesday that U.S. consumer confidence unexpectedly fell the most in three years in September, house-price growth slowed in July and factory activity slumped more sharply in the mid-Atlantic region this...
Swedens central bank reduced its benchmark rate by a quarter point on Wednesday and hinted at two more cuts this year as policymakers focus on economic activity. The executive board of Riksbank reduced the policy rate by 25 basis points to 3.25 percent. This was the third reduction this year. Suggesting additional easing, the bank...
The Bitcoin (BTC) price is set to end Monday with losses of close to 3%. The market is set to end the month on a sour note thanks to not as dovish as hoped-for commentary from US Federal Reserve Chairman Jerome Powell and jitters about Japan’s hawkish incoming PM. Powell’s speech indicated a preference towards...
The NPS was speaking in response to a request for comment from the lawmaker Baek Jong-heon. Baek is a member of the ruling People Power Party and sits on the National Assembly Health and Welfare Committee. He asked the NPS to report on the “scale and proportion” of its “indirect investment in cryptoassets.” Coinbase is...
The Gemini team has asked Canadian customers to move their crypto assets to an external wallet address. Users who have fiat in their accounts can withdraw them to their linked bank accounts, it added. Gemini decided to shut down its operations in Canada months after the Canadian Securities Administrators (CSA) set a strict compliance deadline...
In a recent interview with CNBC, U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler reiterated the critical need for trust in the cryptocurrency industry, drawing parallels between crypto and historical innovations like the automobile. He emphasized that innovation, while essential, can only flourish with trust and transparency. By referencing the SEC’s role as the...
Bitcoin (BTC) surged past $66,000 on Friday, following the release of a softer-than-expected US Core PCE inflation report for August. The news fueled speculation that the Federal Reserve may ease interest rates faster, potentially helping the US economy avoid a recession in 2025. This marks the highest Bitcoin price in nearly two months. 🚨BREAKING –...
JAKARTA - PT Harimas Tunggal Perkasa purchased up to 3.1 billion shares of PT Impack Pratama Industri Tbk (IMPC) on Thursday, September 12. With the addition of shares through PT Ciptadana Sekuritas Asia, this investors share control increased to 18.86% from its previous holdings of approximately 7.13 billion shares, or 13.15% of the stakes. Impack...