The China stock market has climbed higher in two of three trading days since the end of the five-day losing streak in which it had stumbled almost 80 points or 2.7 percent. The Shanghai Composite Index now sits just beneath the 2,970-point plateau although it may see renewed selling pressure on Monday. The global forecast...
Tesla has moved nearly all of its Bitcoin holdings, valued at $765 million, to new unidentified wallets after two years of inactivity.Some believe the transactions could be linked to an OTC deal, but it’s not confirmed. Tesla, the electric vehicle manufacturer led by Elon Musk, has transferred all of its Bitcoin holdings, valued at over...
Business confidence in Germany improved in March on stronger expectations and better assessment of the current conditions, survey results from the ifo Institute showed on Friday. The business sentiment index rose more-than-expected to 87.8 from an upwardly revised 85.7 in February. The score was forecast to climb to 86.0. Moreover, this was the highest score...
The Thai stock market on Friday snapped the four-day losing streak in which it had dropped almost 35 points or 2.5 percent. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may hand back those gains on Monday. The global forecast for the Asian markets is murky amid concerns over...
The China stock market moved higher again on Thursday, one day after snapping the four-day winning streak in which it had advanced more than 35 points or 1.2 percent. The Shanghai Composite Index now sits just above the 2,975-point plateau although it figures to head south again on Friday. The global forecast for the Asian...
In a recent revelation, Chinese police disclosed that four former employees of HTX (formerly Huobi) were involved in implanting Trojans in cryptocurrency wallets, resulting in the theft of over 40,000 user mnemonics and private keys. The individuals responsible have been sentenced to three years in prison, although the specific amount of stolen cryptocurrencies remains undisclosed....
-- Hong Kong shares of Dongfeng Group (HK:0489) fell sharply on Monday after the Chinese carmaker warned investors that it was likely to clock a loss for 2023 amid weakening vehicle sales and competition from electric vehicles. Dongfeng’s shares slid 11.2% to HK$3.02, hitting a near one-month low. They largely lagged the broader Hang Seng...
U.K. stocks were subdued on Tuesday as industry data showed shop price growth eased back to normal levels. U.K. shop price inflation weakened in May to the lowest since November 2021 as non-food prices continued to decline, data from the British Retail Consortium and the market research firm NielsenIQ showed. The shop price index posted...
Media major Paramount Global and Skydance Media, founded by David Ellison, son of Oracle founder Larry Ellison, announced late Sunday their agreement to merge in an all-stock transaction, to form New Paramount at an enterprise value of around $28 billion. In pre-market activity on the Nasdaq, Paramount Global shares were gaining around 4.7 percent to...
Biopharmaceutical company Aerovate Therapeutics, Inc. (AVTE) announced Monday topline results from the Phase 2b portion of the Inhaled iMatinib Pulmonary Arterial Hypertension Clinical Trial (IMPAHCT), a Phase 2b/Phase 3, randomized, double-blind, placebo-controlled, multi-national trial of AV-101. AV-101 is a novel dry powder inhaled formulation of imatinib, in adults with pulmonary arterial hypertension (PAH). The objective...