South Korean lawmakers may “abolish” a new crypto tax law, six months before it even comes into force. According to Hanguk Kyungjae, the National Assembly Legislative Research Service mentioned the possible crypto tax “abolition” debate in the latest edition of the National Assembly Legislative Policy Guidebook. South Korean Lawmakers Could Delay or Do Away With...
The Hong Kong stock market has moved lower in two straight sessions, slumping almost 340 points or 2 percent in that span. The Hang Seng Index now sits just above the 17,650-point plateau and its likely in store for more pain on Wednesday. The global forecast for the Asian markets is broadly negative on concerns...
French stocks traded lower on Friday after Federal Reserve Chair Jerome Powell signalled a cautious approach on rate cuts, given persistent inflationary pressures. Powell said the U.S. central bank does not need to rush to lower interest rates and can approach decisions carefully. The benchmark CAC 40 was down 30 points, or 0.4 percent, at...
The Indonesia stock market on Tuesday ended the three-day winning streak in which it had picked up more than 160 points or 2.6 percent. The Jakarta Composite Index now rests just above the 6,880-point plateau and it may take further damage on Wednesday. The global forecast for the Asian markets is a mixed bag, with...
JAKARTA – Banks with big market capitalisation showed collective slippages at the morning session in the last week of 2024. This blue-chip banks’ downtrend affects Jakarta Composite Index (JCI) at its first session. Based on the data compiled by IDNFinancials today (30/12), some of the leading banks that got corrected this morning included ,PT Bank...
The Indonesia stock market bounced higher again on Friday, one session after ending the two-day winning streak in which it had rallied almost 280 points or 3 percent. The Jakarta Composite Index now sits just above the 7,380-point plateau and it may open in the green again on Monday. The global forecast for the Asian...
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by much more than expected in the week ended July 27th. The report said initial jobless claims climbed to 249,000, an increase of 14,000 from...
The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. increased in line with economist estimates in the month of June. The report said wholesale inventories rose by 0.2 percent in June after climbing by 0.5 percent in May. The uptick matched expectations as well as the preliminary estimate. The modest...
The crypto market is expected to continue its growth over the next 2 years, as factors continue to stack up in its favor, according to a Gemini report. In an August 1st Gemini Institutional Insights report, the crypto exchange cited a combination of favorable monetary policy, regulatory shifts, and infrastructure developments to drive growth, even...
The U.S. dollar gained against its major counterparts on Friday, lifted by data showing a larger than expected increase in the nation\'s annual rate of consumer price growth. Data from the Commerce Department showed the annual rate of consumer price growth accelerated to 2.7% in March from 2.5% in February. The rate was expected to...