The manufacturing sector in Australia continued to contract in July, albeit at a slower rate, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 47.4. That\'s up from 47.2 in June, although it remains beneath the boom-or-bust line of 50 that separates expansion from contraction. Input costs increased, but...
Bitcoin price has several projections to chart a rally above $200,000 in the long term.Network fundamentals and institutional adoption might help accelerate this projection. The price of Bitcoin (BTC) showed a slight uptick in the daily chart, indicating a potential recovery. Amid this development and ongoing market volatility, Bernstein Research released a recent report predicting...
By Svea Herbst-Bayliss (Reuters) - Institutional Shareholder Services, a proxy advisory firm, on Thursday threw its support behind Starbucks Corp (NASDAQ:SBUX), recommending investors elect all of management\'s directors in a board fight over worker pay and the coffee chain\'s stock price. Late last year the Strategic Organizing Center (SOC), a coalition of North American labor...
Image by Jimmy Aki, MidjourneyData published on February 13 revealed that BlackRock’s IBIT spot Bitcoin ETF had amassed over 100,000 bitcoins, positioning the firm as a clear leader in the closely contested sector. Here’s everything you need to know. 105,280 BTC Locked In Worth $5.1 Billion According to official data shared by the asset manager,...
RMK Energy Tbk (RMKE), a coal mining logistics company, is offering loan facilities worth a total of IDR 416 billion to several affiliates. It was announced by the management of RMKE in the information disclosure in Indonesia Stock Exchange. Several affiliated companies that receive this loan facility are namely PT Rantaimulia Kencana (RMK), PT Royaltama...
JAKARTA -PT Indosat Tbk (ISAT) will split the stock value (stock split) with a ratio of 1:4, meaning that one old share will be split into 4 new shares with updated value. The approval will be obtained during General Meeting of Shareholders on September 24, 2024. Reski Damayanti, Corporate Secretary of ISAT, confirmed that the...
The Singapore stock market has moved lower in three straight sessions, sinking more than 50 points or 1.5 percent in that span. The Straits Times Index now rests just beneath the 3,440-point plateau although it\'s likely to stop the bleeding on Tuesday. The global forecast for the Asian markets is positive, with bargain hunting among...
Total credit in Australia\'s private sector was up a seasonally adjusted 0.4 percent on month in January, the Reserve Bank of Australia said on Thursday - unchanged and in line with expectations. Housing credit also rose 0.4 percent on month, while personal credit added 0.2 percent and business credit gained 0.7 percent. On a yearly...
The China-Saudi ETF partnership signals a strategic move to shift liquidity from US-dominated markets, potentially affecting Bitcoin ETF inflows in the U.S.Saudi Arabia’s new Hong Kong-linked ETF, launched with $1.2 billion, could encourage regional investors to favor local markets over U.S. options. Following a recent Crypto Rally event reported by CNF, where Bitcoin climbed after...
Micron Technology Inc. (NASDAQ:MU) CEO and President Sanjay Mehrotra has sold a significant portion of his company stock, according to recent filings. On March 19 and 21, Mehrotra engaged in multiple transactions involving the sale and acquisition of the company\'s common stock. The sales, conducted automatically under a prearranged trading plan, resulted in the disposal...