State Street is reportedly evaluating the introduction of a stablecoin and deposit token to facilitate blockchain-based payments and settlements. According to a recent report by Bloomberg, a person familiar with the matter indicated that the Boston-based financial giant is exploring blockchain solutions to enhance its payment systems, such as stablecoin and deposit token. Potential Stablecoin...
The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million...
The Singapore stock market on Tuesday wrote a finish to the five-day winning streak in which it had jumped more than 90 points or 2.8 percent. The Straits Times Index now rests just beneath the 3,490-point plateau although it\'s likely to bounce higher again on Wednesday. The global forecast for the Asian markets is upbeat...
The Taiwan stock market on Tuesday ended the two-day slide in which it had dropped more than 500 points or 2.1 percent. The Taiwan Stock Exchange now sits just beneath the 24,000-point plateau and it\'s expected to find additional support on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news...
The China stock market has moved higher in four straight sessions, collecting more than 35 points or 1.2 percent in that span. The Shanghai Composite Index now sits just above the 2,975-point plateau and it may tick higher again on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news and...
The Hong Kong stock market has moved lower in two straight sessions, tumbling almost 550 points or 3 percent in that span. The Hang Seng Index now rests just above the 17,725-point plateau although it\'s likely to find traction on Wednesday. The global forecast for the Asian markets is upbeat on solid earnings news and...
Eurozone inflation slowed as initially estimated in June but the European Central Bank is expected to hold its benchmark rate on Thursday as underlying inflation remains too high. The harmonized index of consumer prices rose 2.5 percent on a yearly basis, which was slower than the 2.6 percent growth posted in May. The 2.5 percent...
Shares of ASML Holding N.V. were losing around 7 percent in the morning trading in Amsterdam as well as in pre-market activity on the Nasdaq Stock Exchange after the Dutch semiconductor equipment maker reported Wednesday weak second-quarter profit, net sales as well as volume. This was despite reporting growth in gross margin as well as...
Indonesia\'s central bank kept its benchmark interest rate unchanged, as widely expected, on Wednesday. The Board of Governors of Bank Indonesia, governed by Perry Warjiyo, decided to maintain the seven-day reverse repo rate to 6.25 percent. The current 6.25 percent is the highest since 2016, when the bank made the seven-day reverse repo as its...
U.S. Bancorp (USB) reported Wednesday that net income attributable to U.S. Bancorp common shareholders for the second quarter increased to $1.52 billion or $0.97 per share from $1.28 billion or $0.84 per share in the prior-year quarter. Excluding items, adjusted net income for the quarter was $1.54 billion or $0.98 per share, compared to $1.71...