Adding to the gains in the previous session, the Australian stock market is notably higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 7,600 level, with gains across most sectors led by technology stocks partially offset by weakness in gold mining stocks. The benchmark...
Australia will on Thursday release February figures for retail sales and private sector credit, highlighting a light day for Asia-Pacific economic activity. Retail sales are expected to rise 0.4 percent on month, easing from 1.1 percent in January. Credit is also seen higher by 0.4 percent on month, unchanged from the January reading. Thailand will...
-- Australian energy giant Woodside Energy Ltd (ASX:WDS) said on Friday that it will sell a stake in its Scarborough project to JERA for $1.4 billion, and also announced more collaborations with the Japanese utility gaint. Woodside will sell a 15.1% non-operating participating interest in Scarborough to JERA, with the deal expected to close in...
JAKARTA – PT Astra International Tbk (ASII) will compete with electric vehicle (EV) players from China, which have already been circulating in Indonesia. Until the first semester of 2024, the EV market reached 9.3% of Astras total four-wheeled vehicle sales, up from 7% at the end of 2023. According to Tira Ardianti, Head of Corporate...
In a surprising turn of events, researchers cracked an 11-year-old crypto wallet containing $3 million in Bitcoin by exploiting a flaw in an outdated version of the RoboForm password manager. This breakthrough not only recovered a significant amount of lost Bitcoin but also raised important questions about Bitcoin price predictions and the security of long-term...
Mainstream cryptocurrency adoption is well underway according to recent findings from a Crypto.com report that show global cryptocurrency ownership increased by 34% last year. According to the report, 432 million people owned crypto in January 2023, a number which rose to 580 million by the end of last year. While notable, digital assets may soon...
JAKARTA. The share price of PT Barito Renewables Energy Tbk (BREN) fell 19.95% to IDR8,825 per share at the start of trading today. The plunge in BRENs share price followed news of the removal of BREN shares from the FTSE Russel index. For the record, FTSE Russel is an index on the London Stock Exchange...
Jack Dorsey’s payments company Block has shifted its focus from designing chips to developing a full Bitcoin mining system. In a recent blog post, Block unveiled its accomplishment of designing a standalone three-nanometer (3nm) Bitcoin mining chip and disclosed that it is currently collaborating with a leading global semiconductor foundry to finalize the chip’s design. However,...
Inflation figures from France and Italy are the only main news due on Friday while several other major markets remain closed for a public holiday. At 3.45 am ET, France\'s statistical office INSEE publishes flash inflation, producer prices and household spending figures. Consumer price inflation is forecast to ease to 2.6 percent in March from...
-- Shares of major Australian lithium miners rose on Monday amid unconfirmed reports that Chinese battery maker CATL had closed a major lithium mine in the mainland, pointing to potentially tighter supplies. Pilbara Minerals Ltd (ASX:PLS), Piedmont Lithium Ltd (ASX:PLL), Liontown Resources Ltd (ASX:LTR), Arcadium Lithium PLC DRC (ASX:LTM) and Mineral Resources Ltd (ASX:MIN) added...