European stocks traded mixed on Tuesday as miners declined on China demand concerns, offsetting gains in the technology sector following robust earnings from SAP and Logitech. Upcoming U.S. economic data and earnings from Tesla Inc. and Alphabet Inc. also remain in the spotlight. The pan European STOXX 600 was up 0.2 percent at 515.58 after...
Indian shares opened sharply lower on Monday as a weak July U.S. jobs report as well as disappointing earnings from the likes of Intel and Amazon ignited worries that the worlds largest economy could be falling into a recession under the weight of the Federal Reserves policy of high interest rates. The benchmark S&P/BSE Sensex...
Canadian shares are likely to turn in a mixed performance on Wednesday with investors reacting to quarterly earnings updates. Weak crude oil prices and subdued bullion market may weigh on energy and materials shares. In earnings news, Stella-Jones Inc (SJ.TO) reported a net income of $77 million or $1.36 per share for the first quarter...
Ripple (XRP) wallets are not free!If you are wondering where to store your Ripple (XRP) coins, the following XRP wallet guide will help you find the right wallet for you step by step. Unlike Ripple w allets,Bitcoin wallets are completely free of charge. To use your XRP wallet, however, you will need to budget 20...
Image source: Yahoo Finance Crypto-friendly bank Silvergate has been forced to return $9.85 million to BlockFi as part of the crypto lender’s ongoing bankruptcy proceedings. According to documents made available on the website of BlockFi’s restructuring advisor, the bankruptcy court overseeing BlockFi’s restructuring process ordered Silvergate to immediately release $9.85 million to the now-defunct crypto lender...
Kraken will provide user data to the IRS after a legal battle over crypto tax reporting. Image by Michael O’Keene, Adobe Stock.Major U.S. cryptocurrency exchange Kraken will provide limited user information to the Internal Revenue Service (IRS) next month following a court order received in June. The data concerns specific Kraken users who conducted transactions...
German stocks climbed on Friday after U.S. tech giants Microsoft and Alphabet posted strong quarterly earnings and an ECB survey showed Euro zone consumers lowered their expectation for inflation over the next 12 months in March. The core Personal Consumption Expenditures (PCE) Price Index, the U.S. Federal Reserve\'s preferred inflation measure, will be published later...
JAKARTA – Citibank N.A. Indonesia, or widely known as Citi Indonesia, reported solid growth in its net profit performance in the first half (H1) of 2024, increasing 14% year-on-year (yoy). It is, in fact, in contrast with Citi Indonesia’s decreased net interest income by 21.4% yoy to IDR 1,91 trillion from IDR 2,44 trillion seen...
On Monday, UBS raised its rating on shares of China International Marine Containers (SHE:000039), shifting from Neutral to Buy. The firm also increased the price target to RMB11.00, up from the previous RMB7.20. The upgrade comes with a positive outlook on the company\'s financial performance, anticipating a net profit increase of 2% for 2024 and...
By Helen Reid LONDON (Reuters) - Investors want Zara owner Inditex (BME:ITX) to follow rivals H&M (ST:HMb) and Primark in making its full list of suppliers public so they can better assess any supply chain risks. Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors...