The Hong Kong stock market has finished lower in two of three trading days since the end of the two-day winning streak in which it had added more than 80 points or 0.5 percent. The Hang Seng Index now sits just beneath the 16,230-point plateau although it\'s expected to rebound again on Friday. The global...
The open-sourced decentralized blockchain platform Tezos Foundation has partnered with Magic to enhance the onboarding process for decentralized applications (dApps). According to a press release shared with Cryptonews.com, the partnership will leverage Magic’s wallet solutions and Tezos’ blockchain to streamline the user experience, focusing on simplifying processes for web3 applications. "For the past 12 months,...
The UAE’s new DAO legal framework (DARe) enhances credibility for decentralized organizations, making it easier for DAOs to interact with the traditional financial system.The UAE’s crypto-friendly stance and favorable regulations position it as a global leader in blockchain innovation, attracting both emerging and mature DAOs. The UAE continues to strengthen its position as a global...
(Reuters) - Haleon said on Tuesday top shareholder Pfizer (NYSE:PFE) offloaded a roughly $3.9 billion stake in the consumer healthcare firm, bringing down its holding in the British company to 22.6%. Pfizer previously held a 32% stake, followed by second-largest shareholder GSK which has a 4.2% holding. WHY IT'S IMPORTANT This is Pfizer\'s first stake...
JAKARTA -PT Estetika Tata Tiara Tbk (BEEF) will increase its capital by IDR 10.51 billion, which are generated from the capitalisation of the premium of its stock, following the previous bonus share distribution. The decision was approved yesterday (17/9), during Extraordinary General Meeting of Shareholders. In the information disclosure quoted Wednesday (18/9), Ratna Sari, Corporate...
The Hong Kong stock market on Thursday ended the two-day slide in which it had slumped more than 260 points or 1.4 percent. The Hang Seng Index now sits just above the 18,530-point plateau and it\'s tipped to open in the green again on Friday. The global forecast is upbeat on an improving outlook for...
China will on Friday release July figures for consumer and producer prices, highlighting a modest day for Asia-Pacific economic activity. Consumer prices are expected to add 0.3 percent both on month and on year after sinking 0.2 percent on month and rising 0.2 percent on year in June. Producer prices are seen lower by an...
Hoffmen Cleanindo Tbk (KING), a professional hygiene service provider, booked revenue of IDR 140.65 billion in the first half (H1) of 2024. Sales growth seen in this period boosted KING’s net profit even higher to IDR 7.65 billion in H1 2024, compared to the same period last year, in which its net profit only reached...
Given these technical indicators, Bitcoin’s current trajectory appears somewhat precarious. The cryptocurrency’s immediate future seems to hinge on its ability to either breach the $61,500 threshold with conviction or succumb to selling pressures underscored by its overbought status and potential reversal signals. Thus, while the digital asset exhibits a bullish front above $61,500, the prevailing...
JAKARTA - PT Garuda Maintenance Facility Aero Asia Tbk (GMFI) recorded net profit growth of 556.19% in the first semester of 2024 from the same period in 2023. This realization reached 65.59% of the net profit in 2023 of US$20.27 million. In the 2024 Semester I Financial Report quoted on Thursday (17/10), the issuers net...