By Gilles Guillaume and Nick Carey GENEVA (Reuters) -Renault and China-owned MG launched new electrified cars in Europe at the Geneva car show on Monday as Chinese automakers seek to take more market share from legacy European rivals. Europe\'s auto industry is scrambling to cut costs and roll out more affordable, well-reviewed electric vehicles (EVs)...
Medical aesthetic technology firm Venus Concept Inc. (VERO) announced Monday that it has received a medical device license issued by Health Canada to market the Venus Bliss MAX system in Canada. The Venus Bliss MAX was first available in the U.S. in early 2022 and subsequently offered in approved jurisdictions around the world. The Venus...
XCAD Network founder Oliver Bell defended Youtuber KSI on February 15 after the content creator was accused of performing a pump-and-dump scam with several of his digital asset tokens, including XCAD. In an X post, Bell noted that KSI – whose real name is Olajide Olayinka Williams Olatunji – had been one of XCAD’s “biggest...
Source: AdobeStock / Proxima Studio Singapore’s regulatory body the Monetary Authority of Singapore (MAS) plans to begin piloting the digital currency “E-CNY” – also known as the digital yuan, in collaboration with China to encourage tourism spending. The two countries first signed a Memorandum of Understanding to work together back in 2020. No timeline was...
JAKARTA – Despite the success in breaking another record at morning session, Jakarta Stock Price Composite Index (JCI) slipped at today’s (29/8) closing bell. Monitoring the board until the closing bell, JCI was closed at 7,656.37, lower than 7,672.26 seen at the morning bell. JCI slippage this afternoon was in contrast with its mid-day pattern...
Crypto-focused investment provider DeFi Technologies announced that it had bought 110 BTC for its corporate reserves on Friday – and the company’s stock price predictably pumped in the aftermath. DeFi Technologies’ Bitcoin Strategy The Canadian firm said in a press release on Monday that Bitcoin will now be its “primary treasury reserve asset” becoming the...
Bank holding company Cullen/Frost Bankers, Inc. (CFR) on Thursday reported that second quarter net income available to common shareholders declined to $143.83 million or $2.21 per share from $160.45 million or $2.47 per share in the prior-year quarter. On average, 16 analysts polled by Thomson Reuters expected the company to report earnings of $2.07 per...
As the cryptocurrency community anticipates the next Bitcoin halving event, expected around April 19 or 20, speculations about its impact on Bitcoin’s price are intensifying. This scheduled reduction in mining rewards, which decreases the supply of new Bitcoins entering the market, has historically been a catalyst for significant price movements. Presently, Bitcoin (BTC/USD) is trading...
German stocks were modestly higher on Monday ahead of a busy week for earnings and economic data releases. German consumer price inflation data, flash GDP numbers and employment data are due later in the week. European Central Bank Vice President Luis de Guindos speech is awaited later in the day, with investors looking for clues...
The European Central Bank can continue lowering interest rates if there is increased confidence among policymakers that inflation is slowing, ECB Governing Council member and Bank of Finland governor Olli Rehn said Wednesday. More rate cuts cannot hurt the fragile economic growth and the subdued investment, especially in industry, Rehn said in a speech in...