The Malaysia stock market on Wednesday wrote a finish to the three-day winning streak in which it had gathered more than 25 points or 1.6 percent. The Kuala Lumpur Composite Index now rests just above the 1,660-point plateau and it may take further damage on Thursday. The global forecast for the Asian markets is negative...
Netflix Inc. shares were losing more than 6 percent on Friday\'s initial trading after the company announced plans to stop sharing its quarterly subscriber numbers, a key metrics, and average revenue per member from the first quarter of 2025. For the second quarter, the video streaming giant also projects sequentially lower paid net additions, saying...
A categorically dovish shift in the Fed Chair Jerome Powells monetary policy hints exacerbated the Dollars plunge against major currencies during the week ended August 23. The U.S. Dollar plummeted against the euro, the British pound, the Australian dollar, the Japanese yen, the Canadian dollar, the Swiss franc as well as the Swedish krona during...
(This March 14 story has been refiled to correct the spelling of Cleveland-Cliffs (NYSE:CLF) CEO Lourenco Goncalves\' surname in paragraph 9) By Trevor Hunnicutt and Alexandra Alper WASHINGTON (Reuters) - U.S. Steel Corp, which has agreed to be bought by Japan\'s Nippon Steel for $14.9 billion, must remain a domestically owned American firm, President Joe...
The United States Securities and Exchange Commission (SEC) is now sharing information to help crypto victims affected by Do Kwon’s Terraform Labs collapse file compensation claims. According to a post on the SEC’s website, the updated guidance is packed with “information intended to help answer those questions and contact information for questions related to the...
JAKARTA – The revenue of PT Indo Tambangraya Megah Tbk (ITMG) slipped as far as 19.2% year-on-year (yoy) to USD 1.05 billion at the end of June 2024. This decline further dragged down its net profit by 58% yoy. As stated in Financial Report of H1 2024, revenue decrease resulted from a downturn in its...
TOKYO (Reuters) - Nissan (OTC:NSANY) Motor is preparing to tap Korean battery supplier SK On for its electric vehicle production in the United States, as it reviews its current supply from a Chinese company, Yomiuri newspaper reported on Friday. Nissan last year said it was looking into a second source of batteries produced in the...
Chinas central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The Peoples Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate...
The British pound weakened against other major currencies in the European session on Wednesday, after data showed that the U. U.K. inflation turned softer than anticipated in July. The slower-than-expected inflation for July, spurred expectations among traders about further interest-rate cuts by the Bank of England (BoE). Data from the Office for National Statistics showed...
Bitcoin price prediction analyses see BTC trading at $64,950, up by nearly 2.50% amidst ongoing Middle East tensions. The volatile environment influences Bitcoin‘s market behavior, testing crucial support levels. Gold Rises Amid Middle East Tensions, Asian Markets and Bitcoin Decline The recent attack by Iran on Israel heightened fears of an escalating Middle East conflict,...