The Hong Kong stock market has moved lower in four straight sessions, stumbling almost 1,100 points or 5.2 percent along the way. The Hang Seng Index now sits just shy of the 20,080-point plateau although its due for support on Friday. The global forecast for the Asian markets suggests mild upside on decent earnings and...
JAKARTA -PT Century Textile Industry Tbk (CNTX) will go private after securing the approval from its shareholders on September 25, 2024. This issuer reported a deficit in equity of USD 21.58 million in the first half of 2024. In the issued prospectus quoted Monday (19/8), Penfabric Sdn Berhad, the controlling shareholder of CNTX, will initiate...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s shareholders for the second quarter decreased 10 percent to $2.94 billion or $1.82 per share from $2.05 billion or $1.24 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings...
At 11:30 pm ET in the early Asian session on Tuesday, the Reserve Bank of Australia will announce its decision on interest rates in the monetary policy meeting. The RBA is widely expected to keep its benchmark lending rate unchanged at 4.35 percent. Ahead of the RBA rate decision, the Australian dollar rose against its...
The U.S. dollar extended its early weakness against other major currencies in the Asian session on Wednesday, as investors awaited revisions to U.S. payrolls data later in the day and the Federal Reserve Chair Jerome Powells speech on Friday. Traders are likely to analyze the minutes of the U.S. Feds latest monetary policy meeting, which...
PAXG reached an all-time high of $2,855 on April 13 amid the ongoing conflict in the Middle East following the missile and drone attack. PAXG’s price performance over the weekend has led to questions about Bitcoin’s value as a geopolitical hedge. While the PAXG token climbed to its all-time highs, Bitcoin’s price plummeted from $67,140...
-- U.S. stock index futures fell in evening deals on Sunday, extending declines on Wall Street as the technology sector was walloped by profit-taking, with focus turning squarely to key upcoming inflation data. Profit-taking in the technology sector, especially in market darling NVIDIA Corporation (NASDAQ:NVDA), saw Wall Street indexes pull back sharply from record highs...
Prisma Finance has unveiled a strategy to cautiously restart operations following a hack that resulted in a loss of $11.6 million and prompted a temporary pause of the platform on March 28. Reinstating borrowing capabilities on Prisma hinges upon achieving consensus through an ongoing community vote. Prisma Finance Exploited for $10 Million: Recovery Efforts and...
Veteran trader Peter Brandt suggested the probability of an upward price trajectory for Bitcoin on April 18, citing recurring patterns in its market behavior. His analysis showed that Bitcoin prices tend to follow a repeating pattern, suggesting a bullish trajectory. Peter Brandt Bitcoin Price Prediction Entails Three Phases The seasoned trader analyzed Bitcoin’s market behavior...
Unemployment from Germany and monetary aggregates from the euro area are the top economic news due on Thursday. At 3.00 am ET, the Office for National Statistics releases UK GDP and current account figures for the fourth quarter. The initial estimate showed that the economy contracted 0.3 percent sequentially at the end of the year....