Canadian shares look headed for a weak start Wednesday morning with some hawkish comments from Fed officials raising concerns about the outlook for interest rate. Weak metal prices are likely to weigh as well. Investors are likely to react to quarterly earnings updates from Bank of Montreal (BMO.TO) and National Bank of Canada (NA.TO). Bank...
JAKARTA - PT Sunindo Pratama Tbk (SUNI), an oil country tubular goods (OCTG) manufacturer, booked revenue of IDR 522.4 billion in the first half of 2024, nearly double the revenue seen in H1 2023 of IDR 263.2 billion, or increasing 98.6% year-on-year (yoy). “This surge in revenue was driven by significant increases in the sales...
Japanese tech conglomerate Sony Group has acquired crypto firm Amber Japan, officially debuting into the crypto exchange arena. Per journalist and blockchain blogger Colin Wu, Singapore-based Amber Group, in 2022, entered the Japanese crypto market with the acquisition of digital asset trading platform DeCurret. “Later, due to the collapse of FTX, Amber Group fell into...
Financial services firm Morgan Stanley (MS) reported Tuesday that net income applicable to the company\'s common shareholders for the first quarter increased to $3.27 billion or $2.02 per share from $2.84 billion or $1.70 per share in the year-ago quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of...
The U.S. dollar turned in a mixed performance on Monday as investors awaited key economic data including reports on U.S. inflation and GDP this week. The Labor Department is scheduled to release reports on producer and consumer price inflation on Tuesday and Wednesday, respectively, with the data likely to impact the outlook for interest rates....
Source: Dalle-3Spanish Telco company Telefonica has announced a partnership with Chainlink to provide secure connections for web3 smart contracts. In a recent press release, the company highlighted plans focused on GSMA Open Gateway API security with blockchain technology at the forefront. According to the release, the partnership will secure the operations of telecommunications networks to...
Bitcoin’s fourth halving event is imminent and will occur just after midnight UTC on April 20 (8 pm ET today), which will reduce the block subsidy reward for miners from 6.25 BTC to 3.125 BTC per block, potentially impacting the cryptocurrency’s price and mining operations. Bitcoin halvings occur automatically every 210,000 blocks or approximately every...
Morse code, cryptic messages, and a redesign of NEAR Protocol’s X profile have left users concerned that they have been hacked. On May 8th, NEAR Protocol’s official X handle began to post a series of cryptic tweets and messages which left the crypto community puzzled. The unusual behavior started with a 28-second-long video containing a...
The Canadian market ended on a weak note on Thursday, extending losses from the previous session, amid concerns about the outlook for Fed interest rates after previous day\'s data from the Labor Department showed a bigger than expected increase in U.S. consumer prices in the month of March. Energy stocks declined, weighed down by weak...
BitFuFu Inc., a rapidly growing digital asset mining service and cloud-mining provider, announced stellar financial results for the first quarter of 2024. The company’s innovative cloud mining solutions and self-mining operations are firing on all cylinders, propelling revenues and profits. The company reported an impressive 149% year-over-year spike in total revenue to $144.4 million, driven by explosive...