According to a recent research report by Bank of America (BofA), tokenization can revolutionize financial and non-financial infrastructure and financial markets in the next five to 15 years. The report highlights the transformative power of tokenization and its wide-ranging implications for various sectors. .@BankofAmerica says tokenization could transform financial and non-financial infrastructure and financial markets...
In a revolutionary move, Hong Kong is exploring the idea of launching its Stablecoin, HKDG, to rival established Stablecoins like USDT and USDC. As reported by Wu Blockchain, the proposal, co-authored by prominent figures in academia and industry, including Vice Chancellor Wang Yang and angel investor Cai Wensheng, aims to enhance Hong Kong’s position in...
By Kylie Madry and Fabian Cambero SANTIAGO/SAO PAULO (Reuters) - LATAM Airlines (OTC:LTMAY) on Thursday posted a 95% year-on-year fall in net profit in the fourth quarter to $84 million, as its operations stabilized after exiting bankruptcy in late 2022. The sharp drop for the final three months of 2023 reflected a normalization for LATAM...
(Reuters) -JPMorgan Chase CEO Jamie Dimon has sold about $150 million of his shares in the bank, a SEC filing showed on Thursday, marking the first time the head of the largest U.S. lender has sold shares since taking charge in 2005. Dimon and his family intend to sell 1 million of their 8.6 million...
(Reuters) -Meta Platforms\' Oversight Board said on Thursday it would include social media platform Threads under its purview, allowing users to appeal the company\'s content moderation decisions. The board said, in addition to the 130 million people using Threads, Meta will also be able to refer cases about content on the social media platform. Board...
(Reuters) -Singapore Telecommunications (SingTel) said on Friday its third-quarter underlying net profit came in at the same level as last year, as weak local operations offset growth in its information technology and Australian telecom units. SingTel, Southeast Asia\'s largest telecom company, said its underlying net profit for the quarter ended Dec. 31 was S$559 million...
By Brenda Goh and Praveen Menon SINGAPORE/SYDNEY (Reuters) -Airbus faces delays in introducing an ultra-long-range version of its A350-1000 jet designed for Qantas Airways\' non-stop Sydney-London flights because a regulator has asked it to redesign an extra fuel tank, a senior executive said. \"The regulator has asked us to redesign the centre tank on the...
-- Shares of aerospace firm Intuitive Machines Inc (NASDAQ:LUNR) rose sharply in after-hours trading on Thursday after the firm’s “Odysseus” lunar lander successfully touched down on the moon. Shares of the firm jumped 50% to $12.41 by 19:27 ET (00:27 GMT). They had lost about 11% during the session on Thursday. Shares had also rallied...
-- U.S. stock index futures fell slightly in evening deals on Thursday after Wall Street notched record highs on the back of technology gains spurred chiefly by positive earnings and guidance from AI darling NVIDIA Corporation (NASDAQ:NVDA). Cheer over Nvidia saw investors largely trade past warnings from the Federal Reserve that interest rates will stay...
By Sarah Morland and Marion Giraldo MEXICO CITY (Reuters) -Mexican distiller Becle, the world\'s largest tequila producer, on Thursday posted a 41% rise in its net profit for the last three months of 2023 compared to a year earlier, above market forecasts even as sales slipped in key markets. The Mexico City-based firm, which sells...