Russian lawmaker Anton Tkachev proposed a Bitcoin reserve to Finance Minister Siluanov, citing Bitcoin’s resilience to sanctions and inflation.Tkachev highlighted Bitcoin’s $100,000 milestone and MicroStrategy’s 423,000 BTC holdings, advocating its role as a stable, high-yield reserve. A Russian lawmaker has floated a bold idea to create a national Bitcoin reserve, aiming to shield the country’s...
French stocks rose on Thursday amid optimism that the far-right National Rally (RN) party would not get a majority of seats in the French parliament. France\'s leftist and centrist parties have pulled hundreds of candidates from Sunday\'s high-stakes election in a coordinated attempt to prevent the RN from ascending to power. The centrists and the...
The Singapore stock market has moved higher in three straight sessions, gathering more than 85 points or 2.4 percent along the way. The Straits Times Index now sits just above the 3,415-point plateau and it may extend its gains on Thursday. The global forecast for the Asian markets is firm on an improved outlook for...
The Thai stock market on Monday wrote a finish to the two-day slide in which it had stumbled almost 35 points or 2.8 percent. The Stock Exchange of Thailand now sits just above the 1,385-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is upbeat, with technology...
JAKARTA – Net profit of PT Adi Sarana Armada Tbk (ASSA)shot up 79.82% year-on-year (yoy) to IDR 212.67 billion in Q3 2024 from IDR 118.26 billion seen in the same period in 2023. Passenger car lease and autopool segment brought in 32.87% of total revenue in this period. Based on Q3 2024 Financial Report quoted...
European stocks were moving higher on Wednesday after Eurozone November final services PMI was confirmed at 49.5 versus 49.2 preliminary. Meanwhile, the global economy is projected to remain resilient despite significant challenges, according to the latest economic outlook report from the Organization for Economic Co-operation and Development (OECD). The report projects global GDP growth of...
On Wednesday, Goldman Sachs initiated coverage on Norwegian Cruise Line Holdings (NYSE:NCLH), assigning a Neutral rating to the company\'s stock with a price target of $19.00. The firm\'s analysis suggests a cautious approach, noting that while the cruise operator has shown significant progress over the past year, the financial guidance for 2024 appears to have...
The Hong Kong stock market has moved lower in three straight sessions, slumping almost 540 points or 3.1 percent in that span. The Hang Seng Index now sits just above the 17,450-point plateau although it may see a measure of traction on Thursday. The global forecast for the Asian markets suggests little movement ahead of...
The services sector in China continued to expand in October, and at a faster rate, the latest survey from Caixin revealed on Tuesday with a PMI score of 52.0. Thats up from 50.3, and it moves further above the boom-or-bust line that separates expansion from contraction. Improvements in underlying demand and market conditions underpinned growth...
Russia’s Investigative Committee has proposed amendments with the aim of regulating the seizure and freezing of cryptocurrencies in criminal cases, addressing gaps in existing legislation.Legal experts in Russia are divided on whether crypto wallets qualify as electronic payment instruments. Russia’s Investigative Committee has suggested amendments that would criminalize third-party crypto-related transfers and officially recognize digital...