VanEck claims a U.S. Bitcoin reserve could cut national debt by 35% if Bitcoin grows to $42.3 million by 2049.Senator Lummis’ bill proposes funding the reserve with seized Bitcoin, gold sales, and strategic financing without impacting taxpayers. Asset management firm VanEck has suggested that the United States could significantly reduce its national debt by establishing...
Ethereum (ETH) is expected to break into a crucial resistance level at $4,100 to hit $8,000 by 2025. This bullish thesis is supported by the rising performance of the Ethereum (ETH) ETFs which have printed net inflows for seven consecutive days. Ethereum (ETH) has taken a nosedive from its yearly high of $4,100 to $3,334 after...
JAKARTA - On Wednesday, November 6, foreign investors’ shares purchases hit up to 4.67 billion shares. Meanwhile, foreign sales volume stood at 4.49 billion shares, resulting in a net foreign volume surplus of 181.96 million shares. The mineral mining business PT Bumi Resources Minerals Tbk (BRMS) had the most shares purchased, totalling 882.48 million shares...
Wijaya Cahaya Timber Tbk (FWCT), a plywood manufacturer established circa 2017, announces interim dividend distribution of IDR 3 per share, or a total of IDR 5.63 billion. Budi Tjahjadi, Director of FWCT, mentioned that the plan is in line with the decision of the board of directors made a couple of days ago. “It had...
TBS Energi Utama Tbk (TOBA), an issuer in the management consultancy field and a holding company, has reportedly acquired Sembcorp Environment Pte Ltd (SEPL). The acquisition is carried out by TOB through one of its subsidiaries based in Singapore, SBT Investment 2 Pte Ltd. It is known that SBT 2 is a company owned by...
JAKARTA. PT Mandiri Tunas Finance (MTF), a subsidiary of PT Bank Mandiri (Persero) Tbk (BMRI) engaged in financing industry, is issuing Shelf-Registration Bond VI Phase IV Year 2024 with total principal of IDR 1.61 trillion. The security is a part of a public offering program of Shelf-Registration Bond VI of MTF with target proceeds reaching...
JAKARTA - PT Sarana Mutligriya Finansial (Persero) will issue Shelf-Registration Social Bond I Phase IV Year 2024 worth IDR 1.2 trillion. The public offering will start from November 22 to 25, 2024. In the issued prospectus quoted Monday (11/11), the proceeds from this bond issuance will be used to refinance housing and residential financing in...
The U.S. dollar climbed against its most major counterparts in the New York session on Friday, following the release of the latest batch of economic data, including a Commerce Department report showing retail sales increased by slightly more than expected in October. The Commerce Department said retail sales rose by 0.4 percent in October after...
Swiss stocks tumbled on Friday, weighed down data showing a slowdown in growth, and uncertainty about Fed interest rate cuts following hawkish comments by the central bank chair Jerome Powell. The benchmark SMI closed down 156.61 points or 1.33% at 11,627.04. Data from the State Secretariat for Economic Affairs, or SECO, said gross domestic product...
The Canadian market is down in negative territory Friday afternoon with stocks from several sectors reeling under sustained selling pressure amid uncertainty about U.S. interest rate cuts after dovish comments from Fed Chair Jerome Powell. The benchmark S&P/TSX Composite Index was down 204.79 points or 0.82% at 24,844.88 a little while ago. Alimentation Couche-Tard Inc...