Fortune Indonesia Tbk (FORU) is currently exploring some new business opportunities outside its long-established core sector, media and printing. Sari Dewi, Corporate Secretary of FORU, mentioned that there are 4 business sectors explored by the company, namely steel manufacturer, mining infrastructure service provider, heavy equipment and machine lease, as well as mining. “The company recognises...
Bitcoin (BTC) miners have begun to express a number of concerns ahead of the next halving event, which is set to occur in April. During the halving, the Bitcoin mining reward will be cut from 6.25 BTC to 3.125 BTC. Additionally, the Bitcoin network’s hash rate recently reached an all-time high, making it more difficult...
UBS Group AG (UBS) announces Friday that it has completed the merger of UBS AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe. Credit Suisse has been deregistered in the Commercial Register of the Canton of Zurich and has...
German stocks slipped into the red on Monday as a survey showed the downturn in the countrys manufacturing sector, which accounts for about a fifth of Europes biggest economy, accelerated in August. The HCOB final Purchasing Managers Index (PMI) dropped to 42.4 from 43.2 in July due to a steeper drop in incoming orders. Also,...
Indian shares may trade in a range on Thursday as investors await earnings results from prominent companies including Axis Bank, Infosys, Wipro, Nestle India, LTIMindtree and Tata Chemicals for direction. Meanwhile, Reliance Industries has fixed the record date for a 1:1 bonus issue. Also, the Bloomberg News reported, citing people familiar with the matter that...
On Monday, Morgan Stanley demonstrated a positive shift in sentiment towards AvalonBay Communities, Inc. (NYSE:AVB), as the firm upgraded the stock from Equalweight to Overweight. Accompanying the upgrade is a notable increase in the price target, which now stands at $191.50, raised from the previous $175.00. The upgrade was influenced by a series of factors...
-- Japanese stocks fell sharply on Monday, while the yen hovered near one-month highs as media reports suggested the Bank of Japan could end its yield curve control policies by as soon as next week. The Nikkei 225 index slid as much as 2% in early morning trade, while the yen firmed 0.2% against the...
Austrian crypto exchange Bitpanda is expanding its operations to the Middle East and opening a regional office in the United Arab Emirates (UAE). The firm has tapped former 1inch Network’s business development and head of growth Walid Benothman to lead its operations in the region. In an announcement, Bitpanda said it will open its first...
The Web3 community has launched a number of projects to help bring The 2024 Olympics to life digitally. From Olympic-themed games that can be played in The Metaverse to non-fungible token (NFT) artworks, this year’s Olympic event may be the most open and inclusive thanks to blockchain technology. The Sandbox Brings The Olympics To The...
Bitcoin miner CleanSpark Inc. has officially entered into a merger agreement with GRIID Infrastructure Inc., acquiring GRIID in an all-stock transaction valued at $155 million. The merger is expected to improve CleanSpark’s capabilities through an exclusive hosting agreement available through GRIID. As part of the agreement, 20 megawatts will be allocated to CleanSpark immediately, increasing...