Jakarta (ANTARA) - The Financial Services Authority (OJK) is preparing an OJK Regulation (POJK) to regulate financing companies, OJK's supervision executive of financing institutions, venture capital companies, microfinance institutions, and other financial service institutions, Agusman, said. The POJK is a derivative of Law No. 4 of 2023 on the Development and Strengthening of the Financial...
-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country. Regional markets tracked overnight losses in Wall Street, as record-high valuations and anticipation of more signals on U.S. interest rates also spurred...
The China stock market has moved lower in three straight sessions, stumbling more than 30 points or 1 percent along the way. The Shanghai Composite Index now sits just beneath the 3,000-point plateau although it\'s due for support on Monday. The global forecast for the Asian markets is weak, with oil and technology stocks likely...
German stocks rebounded on Monday, after having suffered steep losses in the previous session following a global IT outage linked to issues at cybersecurity firm CrowdStrike. The dollar slid while Treasuries rose as investors weighed the implications of U.S. President Joe Biden\'s exit from the presidential election race. Amid growing calls within his Democratic Party...
Healthcare company Viatris Inc. (VTRS) announced Monday the U.S. commercial launch of RYZUMVI (phentolamine ophthalmic solution) 0.75% for the treatment of pharmacologically-induced mydriasis produced by adrenergic agonists (e.g., phenylephrine) or parasympatholytic (e.g., tropicamide) agents in the U.S. RYZUMVI is now the only U.S. commercially available FDA-approved eye drop to reverse dilation. Comprehensive dilated eye exams...
By Selena Li HONG KONG (Reuters) -Standard Chartered has suspended new investments by its clients in China into offshore products via a quota-based channel, the bank said, amid a surge in demand for overseas investments due to weakness in the local market and currency. The London-headquartered bank, in a statement to Reuters, cited \"commercial reasons\"...
The U.S. Dollar extended gains against major currencies during the week ended October 18 amidst growing expectations of a Trump presidency, widely perceived as boosting the U.S. dollar. The greenback has gained amidst perception that Trumps tariff and tax policies would keep U.S. interest rates high. The greenback strengthened against the euro, the British pound,...
European stocks traded higher on Monday amid bets that the European Central Bank (ECB) will deliver its first interest-rate cut of the cycle on Thursday. Also helping underpin investor sentiment, Eurozone manufacturing PMI was finalized at 47.3 in May, up from April\'s 45.7 and reaching a 14-month high. Elsewhere, a survey by S&P Global showed...
The Downfall of the Venezuelan State-run Cryptoasset Maduro and his cabinet spearheaded a set of policies that saw the Latin American nation launch its own oil-backed cryptoasset, which it named the Petro (PTR). The government also created Sunacrip, a state-run agency that oversaw crypto policy, as well as a state crypto-powered remittance platform named Patria....
Recently, the cryptocurrency market received an encouraging piece of news. On August 29, Grayscale Investments LLC secured a victory in its lawsuit against the U.S. Securities and Exchange Commission (SEC) over the rejection of its Bitcoin spot ETF application. This ruling not only marks a long-awaited breakthrough for Grayscale but also opens new investment avenues...