Yahoo Finance Bitcoin Bounces Back. Why Cryptos Can Shake Off Inflation Fears.
Bitcoin’s halving and other factors supporting demand make the outlook for interest rates less critical for cryptos.
Bitcoin’s halving and other factors supporting demand make the outlook for interest rates less critical for cryptos.
China has built up a $170bn (£135bn) stockpile of gold after a record buying spree, in a move that has raised fears Beijing is preparing its economy for a possible conflict over Taiwan.
The Federal Reserve’s policy committee will confer on Tuesday and Wednesday, with officials likely to confirm a cautious and gradual approach to changing interest rates in 2024. The Fed’s balance sheet plans may get more attention. The Federal Open Market Committee will conclude the two-day meeting on Wednesday.
Here are four Singapore stocks you can keep a lookout for in May. The post 4 Singapore Stocks to Watch for in May appeared first on The Smart Investor.
Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the US-sanctioned firm continues a rebound and bit into competitor Apple's sales in China.Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm.
Investors marked time ahead of the Fed's rate decision, with earnings from Amazon on deck to test prospects for a Big Tech-fueled bump.
The company's CEO says areas such as drug development and robotics can be markets for the company’s processors.
The logistics REIT also warns of further headwinds that will exert pressure on its distributions. The post Mapletree Logistics Trust’s DPU Dips Slightly to S$0.09003 for FY2024: 5 Highlights from the Logistics REIT’s Earnings appeared first on The Smart Investor.
Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later. The value of the world's most traded cryptocurrency fell by nearly 16% in April, as investors booked profits on a sizzling rally that has taken the price to record highs above $70,000. The price of bitcoin is now a full 22% below March's record of $73,803, technically putting it in a bear market.
Asian stocks sank in holiday-thinned trade Wednesday, tracking a sharp sell-off on Wall Street after fresh US data dealt another blow to hopes the Federal Reserve will cut interest rates this year.That provided another hammer blow to hopes the Fed will cut rates this year, with bets already reduced to just one by January -- compared with an expected six at the start of 2024.
Tata Sons, the holding company of India's Tata Group, has increased its stake in satellite TV provider Tata Play to 70% by buying a 10% stake from Singapore state investment firm Temasek for about $100 million, the Economic Times reported on Tuesday. Tata Play has informed the Ministry of Information and Broadcasting about the change in shareholding, complying with regulations governing direct-to-home (DTH) companies, according to the report, which cited people familiar with the matter.
Major Chinese electric carmaker BYD reported lower-than-expected revenue for the first quarter of 2024 on Monday, as an aggressive domestic price war and Western regulatory pressure weighed on the company's growth.Its profit in the first quarter was 4.57 billion yuan, up 10.62 percent from a year ago, BYD said on Monday.
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The founder of Binance has become the world’s richest prisoner after he was sentenced to four months in jail, marking a stunning downfall for the former boss of the world’s largest cryptocurrency exchange.
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India's Chennai Petroleum Corp Ltd will build a 180,000 barrels per day (bpd) refinery at Nagapattinam in Southern Tamil Nadu State by the end of 2027, two years later than initially planned, its head of finance Rohit Kumar Agrawala said on Monday. India, the world's third biggest oil consumer and producer, is expanding its refining capacity as it is expected to be the largest driver of global oil demand growth between 2023 and 2030, according to the International Energy Agency. Chennai Petroleum initially planned to complete the refinery by the end of 2025.
The supermarket operator continues to expand its store count in Singapore even as it grows its top and bottom lines. The post Sheng Siong Reports an Increase in Revenue and Profits: 5 Highlights from the Retailer’s Latest Earnings appeared first on The Smart Investor.
MAS imposed the six-month pause last year after a series of disruptions to DBS’s digital banking services.
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