Indian shares ended a choppy session higher on Thursday as signs of softening inflation in Spain, France and six economically important German states fueled debate on when the European Central Bank would cut interest rates. The upside remained capped somewhat ahead of the release of the U.S. personal consumption expenditures (PCE) price index, the Fed\'s...
JAKARTA -PT Ultrajaya Milk Industry & Trading Company Tbk (ULTJ) booked net profit growth of 23.69% year-on-year (yoy) in the first half of 2024 compared to the same period in 2023. This profit growth aligns with revenue increase. Based on Financial Report of H1 2024 quoted today (19/8), net sales reportedly grew 7.36% yoy to...
After an early setback due to a sell-off in the technology sector following Accenture\'s weak revenue guidance, Indian shares recovered and stayed fairly steady on Friday to eventually end the day\'s session modestly higher. Optimism about interest rate cuts by central banks continued to help underpin sentiment. The BSE benchmark Sensex, which fell nearly 470...
MOSCOW (Reuters) -Russian President Vladimir Putin gave approval on Monday for HSBC to sell its Russian unit to privately-owned Expobank, paving the way for the British lender to extricate itself from the Russian market after months of negotiations. HSBC said in June 2022 that it had agreed to sell a 100% stake in the unit,...
The South Korea stock market has moved lower in three straight sessions, shedding almost 40 points or 1.6 percent along the way. The KOSPI now sits just above the 2,590-point plateau although it may stop the bleeding on Monday, The global forecast for the Asian market is upbeat on generally upbeat earnings news. The European...
By Arsheeya Bajwa and Max A. Cherney (Reuters) -Nvidia on Wednesday forecast a roughly threefold surge in quarterly revenue that handily beat estimates as the company banked on towering demand for its industry-leading artificial-intelligence chips, sending its shares up 10% after-hours. The already-hefty demand for the company\'s data center chips and graphics processing units (GPUs)...
Spot Bitcoin (BTC) exchange-traded fund (ETF) flows are anticipated to remain robust leading up to the Bitcoin halving, according to Santiment, an on-chain analytics firm. In a recent post on X, the company noted that Bitcoin ETF volume has not slowed down since the asset’s mid-March all-time high. Santiment said that trader activity continues to be higher than...
U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow settled at a fresh record high at 42,352.75, gaining 341.16 points or...
Coinbase has announced plans to increase the storage of corporate and customer USDC balances on Base, an Ethereum Layer 2 solution incubated by the exchange and built on the open-source OP Stack. The move is expected to provide benefits such as lower fees, faster settlement times, and enhanced security for managing customer funds. Max Branzburg,...
The pound firmed against its major counterparts in the New York session on Monday, amid fading expectations of a rate cut from the Bank of England in June. Last week\'s U.K. inflation figures for April reduced the chances of an interest rate cut at the next meeting in June and an August cut looks likely....