Consumer sentiment in Germany is set to rebound in November to its highest level in over two-and-a-half-years as both income expectations and the willingness to buy showed back-to-back improvements though economic expectations continued to weaken, the closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -18.3 in November from a revised...
Ahead of the Eid-ul-Fitr holidays on Wednesday and Thursday, the Malaysia stock market had ended the three-day winning streak in which it had jumped almost 25 points or 1.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,555-point plateau although it figures to bounce higher again on Friday. The global forecast for...
The Malaysia stock market has ticked higher in three consecutive trading days, adding almost a dozen points or 0.7 percent along the way. The Kuala Lumpur Composite Index now rests just shy of the 1,625-point plateau although it may be stuck in neutral on Friday. The global forecast for the Asian markets suggests profit taking,...
Indian shares opened on a positive note Monday, mirroring firm cues from global markets on expectations of Fed rate cuts and a potential return of former president Donald Trump to the White House. The benchmark S&P/ BSE Sensex was up 195 points, or 0.2 percent, at 80,715 in early trade while the broader NSE Nifty...
While reporting financial results for the second quarter on Wednesday, Campbell Soup Co. (CPB) reaffirmed its adjusted earnings and net sales guidance for the full-year 2024, to reflect sequential volume and margin improvement for its key brands and categories. For fiscal 2024, the company now projects adjusted earnings in a range of $3.09 to $3.15...
A Suriname Presidential hopeful says she wants to follow El Salvador’s Bitcoin (BTC) lead, and will grant the token legal tender status if she is elected. The candidate, Maya Parbhoe, said her goal is to replace the Surinamese dollar with Bitcoin. And she said that El Salvador’s example provided “hope” for the “future.” Candidate Wants...
Sinar Eka Selaras Tbk (ERAL), a subsidiary of PT Erajaya Swasembada Tbk (ERAA) that focuses on the retail business for lifestyle products, has channelled extra capital worth IDR 15.73 billion to PT MST Golf Indonesia (MGI). This corporate action is intended as a way to maintain ERAL’s portion in MGI. MGI is known to be...
The South Korean city of Ansan has announced that it will confiscate crypto from tax dodgers who fail to pay local levies. Per Newsis, government leaders in Ansan, Gyeonggi Province, said on August 2 that it would start using a “virtual asset platform seizure system” to “recover unpaid local taxes.” The city will roll out...
Singapore will on Tuesday release August figures for non-oil exports, trade balance and Q2 numbers for unemployment, highlighting a modest day for Asia-Pacific economic activity. In July, exports were up 12.2 percent on month and 15.7 percent on year for a trade surplus of SGD6.486 billion. The jobless rate is expected to hold steady at...
Digital asset manager Bitwise has made its mark in the world of non-fungible tokens (NFTs) by allowing its first spot Ether exchange-traded fund (ETF) commercial to be minted. The 39-second clip, which showcases the advantages of Ethereum, can now be minted on the Ethereum blockchain. Bitwise introduced the commercial as an opportunity to “capture a...