U.K. stocks drifted lower on Friday after data showed British retail sales rose by a weaker-than-expected 0.2 percent in November as consumers hold back spending in the final months of the year. Analysts had expected 0.5 percent growth after a 0.7 percent fall in October. On a yearly basis, retail sales growth weakened to 0.5...
European stocks drifted lower on Friday as the U.S. faced a government shutdown and U.S. President-elect Donald Trump warned of potential tariffs on the European Union if the bloc does not cut its growing deficit with the United States by making large oil and gas trades with the worlds largest economy. In economic releases, the...
Indian shares fell sharply on Friday to extend losses for a fifth day running as the dollar and U.S. Treasury yields remained elevated amid expectations for prolonged high U.S. interest rates. Global sentiment was fragile after the Federal Reserve signaled a cautious approach to monetary easing in 2025. Robust U.S. economic data released overnight also...
Amicus Curiae attorney John Deaton criticized the agency’s ambiguous legal approach and highlighted the Ripple team’s confidence in resolving the case.Attorney Jeremy Hogan predicts delays in the Ripple vs. SEC lawsuit, with potential resolution milestones identified on March 14, April 11, and May 1. Over the last week, the U.S. Securities and Exchange Commission (SEC)...
Ethereum Foundation forms Silviculture Society to uphold open source, privacy, security, and censorship resistance.Experts, including cryptographer Matthew Green, will provide guidance on Ethereum’s core principles and future policies. The Ethereum Foundation (EF) recently formed the “Silviculture Society,” an external advisory group tasked with upholding Ethereum’s core values. The action coincides with several significant events that...
In a recent post, Ethereum co-founder Vitalik Buterin urged the crypto industry to consider the rampant loss of assets in their robust wallet security solutions. Previous reports have estimated that a huge portion of the Bitcoin circulating supply has been stuck in wallets with forgotten passwords. In the latest X post, Ethereum co-founder Vitalik Buterin has...
Geoff Kendrick predicts Bitcoin could reach $200,000 by 2025 and $500,000 before Trump leaves office. He believes institutional adoption and regulatory clarity will drive growth. Geoff Kendrick, the head of digital asset research at Standard Chartered, is quite bullish on Bitcoin’s long-term outlook. In a recent CNBC interview, he noted that institutional acceptance and regulatory guidance...
JAKARTA – PT Indofood CBP Sukses Makmur Tbk (ICBP), the producer of Indomie, has clarified the decision by Australia to withdraw four Indomie products from the market in that country. Gideon A. Putro, Corporate Secretary of Indofood CBP, stated that the production process of Indofoods instant noodles complies with regulations from Indonesias National Agency of...
JAKARTA - On Wednesday, December 18, individual investor Hardi Wijaya Liong made the decision to purchase 837.58 million shares ofPT Provident Investasi Bersama Tbk. He became a new investor right away, holding 5.31% of the shares. Additionally, Winato Kartono, anotherPALMinvestor, purchased 252.71 million shares, increasing his ownership from 6.16% to 7.77%. The issuer is an...
JAKARTA – PT Hasnur Internasional Shipping Tbk (HAIS) is targeting a 5% increase in revenue and a 4% increase in net profit for 2025, fueled by the addition of new vessels to meet growing customer demand. Rengga Tumenggung, Corporate Secretary of HAIS, stated that the rise in revenue and profit will be supported by an...