The Malaysia stock market has tracked lower in three straight sessions, dropping more than 25 points or 1,7 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,610-point plateau although it may stop the bleeding on Tuesday. The global forecast for the Asian markets is positive, mostly on inertia following...
Indian shares are set for a muted open Tuesday despite firm cues from overseas markets and a sharp fall in oil prices in the U.S. trading session overnight. FMCG stocks could be in focus after Britannia Industries reported a 9 percent fall in Q2 consolidated net profit. Earnings from NMDC, Shree Cement, Hindustan Copper, Bank...
The Malaysia stock market has tracked lower in back-to-back sessions, dropping almost 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,620-point plateau although it may stop the bleeding on Monday. The global forecast for the Asian markets is mixed as countries weigh the results of...
French stocks were sharply higher on Monday despite increased uncertainty resulting from Donald Trumps decisive victory in the U.S. presidential election. Investors remain apprehensive about how Trumps second presidency will impact EU policy from energy and trade to finance and defense. The benchmark CAC 40 was up 93 points, or 1.3 percent, at 7,432 after...
U.K. stocks started the week on a buoyant note after suffering losses in the past four sessions. The benchmark FTSE 100 was up 51 points, or 0.6 percent, at 8,123 after falling 0.8 percent on Friday. NatWest Group surged nearly 2 percent after it agreed to buy back £1 billion of shares from the government....
European stocks traded sharply higher on Monday ahead of a busy week, with inflation readings across Europe, U.S. and a preliminary reading of euro zone third quarter GDP awaited. The pan European STOXX 600 was up more than 1 percent at 511.91 after falling 0.7 percent on Friday. The German DAX rallied 1.2 percent after...
El Salvador is nearing a $1.3 billion IMF deal, revising its Bitcoin policy to optional acceptance for businesses.The country holds 5,960 BTC and continues buying 1 BTC daily, highlighting its commitment to cryptocurrency. El Salvador is reportedly close to signing a $1.3 billion loan arrangement with the International Monetary Fund (IMF), which is likely to...
MicroStrategy’s total Bitcoin holdings have surged to 423,650 BTC, solidifying its position as the leading institutional Bitcoin holder in 2024.Institutional adoption, driven by major players like BlackRock and MicroStrategy, underscores a bullish outlook for Bitcoin’s long-term potential. MicroStrategy has once again doubled down on Bitcoin, purchasing an additional 21,550 BTC for $2.1 billion at an...
CZ predicts Bitcoin accumulation by China is “inevitable,” despite its opaque policy, as the nation seeks to secure hard assets for financial strength.U.S. plans for a Bitcoin reserve could trigger global action, potentially pushing China and other nations to discreetly follow suit. Following the recent update on China’s Bitcoin ban shared by CNF, it was...
Riot Platforms plans to issue $500M in convertible notes to expand its Bitcoin reserves and strengthen its market position.Riot’s Bitcoin holdings grew to 11,425 BTC by November 30, reflecting a strategic focus on cryptocurrency acquisition and mining. Riot Platforms, one of the top Bitcoin mining firms in the United States, has announced plans to issue...