The Canadian dollar weakened against its major counterparts in the New York session on Friday, as oil edged lower on China demand concerns. Oil prices came under pressure due to concerns about a slowdown in Chinese growth and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East. Data...
Why Pepe Unchained ($PEPU) Is a Strong Addition to Your Crypto Portfolio Transitioning from the buzz around Pepe Coin, it’s clear that meme coins are taking the crypto market by storm. Among the promising newcomers, Pepe Unchained ($PEPU) is rapidly gaining attention for its potential to deliver substantial returns. Presale Advantage: Investing in $PEPU during...
New Zealand will on Thursday release Q1 figures for retail sales, highlighting a busy day for Asia-Pacific economic activity. Sales are expected to slip 0.3 percent on quarter after falling 1.9 percent in the previous three months, while core retail sales are seen flat after losing 1.7 percent in Q4. Australia will see May figures...
German unemployment increased less than expected in August despite weak economic activity, official data revealed Friday. The number of unemployed persons increased only 2,000 to 2.8 million in August, the Federal Employment Agency reported. Unemployment was forecast to rise 17,000, the same pace of increase as seen in July. The jobless rate stood at 6.0...
By Scott Murdoch and Clare Jim SYDNEY/HONG KONG (Reuters) - Global restructuring specialists Alvarez & Marsal and Houlihan Lokey (NYSE:HLI) have boosted headcount in Hong Kong as China\'s property crisis results in a surge in debt restructuring deals - making them a rare bright spot in hiring for the city\'s financial sector. China\'s property industry,...
-- U.S. stock index futures rose slightly in evening deals on Sunday, steadying after a stronger-than-expected producer inflation reading spurred some losses in the prior session, with focus now turning to a swathe of major earnings this week. Trading volumes were limited ahead of a holiday on Monday. S&P 500 futures were flat, while Nasdaq...
On Tuesday, Baird initiated coverage on Alkermes stock (NASDAQ:ALKS), a biopharmaceutical company, with an Outperform rating and a price target of $37.00. The firm\'s analyst cited the company\'s solid financial guidance and promising pipeline as the basis for the positive outlook. Alkermes is projected to generate revenue between $1.5 billion and $1.6 billion for the...
The HKMA has called for additional research to assess the feasibility and impact of introducing a retail CBDC in Hong Kong. Image by MMollaretti, Adobe Stock. As financial institutions worldwide explore the adoption of digital currencies, Hong Kong’s stance on its own Central Bank Digital Currency (CBDC), known as e-HKD, remains cautious. A recently published...
The US Treasury’s Office of Foreign Assets Control (OFAC) on Monday sanctioned 13 entities and two individuals. They are accused of developing crypto-related services that could facilitate sanctions evasion on behalf of Russian nationals. OFAC’s designations aim to curb Russia’s use of the global financial system in its conflict with Ukraine. Brian Nelson, Under Secretary...
JAKARTA. PT Ashmore Asset Management Indonesia Tbk (AMOR), an investment services issuer, will distribute a final dividend of IDR 27.5 per share or a total of IDR 60.81 billion. Lydia Toisuta, Corporate Secretary of AMOR, conveyed this plan in accordance with the results of the General Meeting of Shareholders (GMS) which was held on 17...