BOSTON - Berkshire Hills (NYSE:BHLB) Bancorp, Inc. (NYSE: BHLB) has entered into agreements to sell 10 branches in upstate and eastern New York to three different financial institutions. This move is part of the company\'s strategy to streamline operations and focus on core markets within New York. The transactions, which are expected to be completed...
Kenyan President William Ruto announced a major policy shift in the country’s approach to cryptocurrency on May 3, revealing that his government has appointed U.S.-based Bitcoin mining company Marathon Digital as its consultant. The move signals a departure from the Central Bank of Kenya (CBK) and other government entities’ previously defiant stance on cryptocurrencies. Marathon...
The Bitcoin price surged to a new two-week high on Friday exceeding $62,000 following Fed Chair Jerome Powell’s Jackson Hole speech. During his address, Powell hinted at a potential series of rate cuts by the world’s largest central bank. SUMMARY OF FED CHAIR POWELL'S REMARKS (8/23/24): 1. "The time has come for Fed policy to...
The manufacturing sector in Malaysia continued to contract in August, and at a steady pace, the latest survey from S&P Global revealed on Monday with a manufacturing PMI score of 49.7. Thats unchanged from the previous month and remains beneath the boom-or-bust line of 50 that separates expansion from contraction. The latest PMI data suggest...
Consumer discretionary and healthcare stocks are in demand in the Canadian market, which is up in positive territory around noon on Thursday after a steady start. A few stocks from real estate, technology, communications, industrials, technology and utilities sectors are also finding support. Energy and materials shares are turning in a mixed performance. The benchmark...
Ethena Labs has announced plans to scale the USDe stablecoin by adding Bitcoin as an additional backing asset. In their latest social media posts, Ethena shared that integrating Bitcoin as a backing asset aims to increase USDe’s current stability of $2 billion. This update seeks to leverage Bitcoin‘s liquidity to enhance the stablecoin’s existing framework....
Indian shares opened a tad lower on Wednesday, a day after the Budget raised tax on long-term capital gains and short-term capital gains on listed equity shares and equity-oriented funds. The benchmark S&P/BSE Sensex was down 103 points, or 0.1 percent, at 80,325 in early trade while the broader NSE Nifty index was down 30...
-- U.S. stock index futures steadied in evening deals on Tuesday as Wall Street nursed a sharp fall from record highs, with focus turning squarely to an upcoming testimony by Federal Reserve Chair Jerome Powell. A mix of profit-taking, particularly in the technology sector, and anxiety over U.S. interest rates, was the key driver of...
The Canadian market is up firmly in positive territory a little past noon on Friday with stocks from across several sectors moving higher as investors cheer upbeat jobs data, and a report showing a slight slowdown in the annual rate of U.S. producer prices growth. Data from Statistics Canada showed that employment in Canada rose...
Bank Rakyat Indonesia (Persero) Tbk (BBRI)is preparing several strategies to attain sustainable business growth, starting from boosting the number of users and securing new growth engine. It was announced by Sunarso, President Director of BBRI, earlier today (29/8) during Public Expose Live 2024. He then mentioned that both strategies is the management’s response towards BRI’s...