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Swedens central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects, and signaled as much as three more interest reductions this year. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. The outcome of the meeting matched...
The Taiwan stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied more than 270 points or 1.4 percent. The Taiwan Stock Exchange now sits just above the 19,300-point plateau and it\'s likely to open under pressure...
BitFuFu’s Bitcoin mining costs increased significantly in Q3, impacting production levels and profitability.The new Ethiopia facility aims to boost BitFuFu’s capacity, offsetting operational challenges in Bitcoin mining. BitFuFu Inc., a cloud mining company funded by Bitmain, has encountered severe hurdles in its Bitcoin mining activities, as detailed in its Q3 2024 financial report. The company’s...
While reporting financial results for the first quarter on Tuesday, Ryder System, Inc. (R) raised its earnings and comparable earnings guidance for the full-year 2024, while trimming revenue growth outlook. The company also provided financial outlook for the second quarter. For fiscal 2024, the company now projects earnings in a range of $10.95 to $11.70...
Some of the largest Bitcoin (BTC) miners in the world are using their infrastructure to host high-performance computing (HPC) data centers. HPC computing data centers use energy to process large datasets and complex computations that are needed to train artificial intelligence (AI) models. Core Scientific Inc. – one of the most established large-scale Bitcoin (BTC)...
JAKARTA. PT Tandan Sawit Papua (TSP), one of many subsidiaries ofPT Eagle High Plantations Tbk (BWPT), has obtained a loan facility of IDR 382 billion from an affiliate. The loan facility is acquired from PT Jaya Mandiri Sukses (JMS), another subsidiary of BWPT with ownership portion of 95%. In the official statement, the management of...
-- US stock index futures fell in evening deals on Monday, extending declines in Wall Street as uncertainty over the path of U.S. interest rates saw traders step back from recent record highs. Risk aversion before “Super Tuesday”- where 15 states are set to vote in the Presidential Election Primaries- also factored into market losses,...
The Singapore stock market has finished higher in three straight sessions, collecting more than 70 points or 2.1 percent along the way. The Straits Times Index now rests just above the 3,475-point plateau although it may run out of steam on Friday. The global forecast for the Asian markets suggests profit taking, particularly among the...
JAKARTA -PT BPD Jawa Timur Tbk (BJTM) will acquire 476.19 million shares of the issued and paid-up capital of PT BPD Banten Tbk (BEKS). The shareholders have agreed upon the investment of IDR 10 billion in BEKS. Edi Masrianto, Director of Finance, Treasury, and Global Services of BJTM, confirmed that the company and BEKS will...