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TOKYO, March 29, 2024 (AFP) – Tokyo markets opened higher on Friday after the Dow and S&P 500 closed at new record highs on Wall Street. The benchmark Nikkei 225 index added 0.48 percent, or 193.04 points, to 40,361.11 in early trade, while the broader Topix index rose 0.58 percent, or 16.03 points, to 2,766.84. “Tokyo shares are expected to start strong after the Dow and the S&P 500 hit all-time highs,” brokerage house Monex […]
LONDON, March 5, 2024 (AFP) – Bitcoin hit a record high above $69,000 Tuesday, buoyed by the world’s biggest cryptocurrency becoming more accessible for trading amid tightening supplies. Bitcoin reached $69,191.94, beating a record $68,991 struck in November 2021. The volatile asset later retreated to $67,442. Bitcoin has enjoyed an unbridled rise since the approval of a new type of investment indexed to the cryptocurrency. Since their approval on January 10 by US securities regulators, […]
WASHINGTON, Feb 10, 2024 (AFP) – Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings. Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share, according to documents sent to stock market regulatory authorities Friday. A previous stock market document, out Wednesday, reported his intention to sell, next July, 50 million shares of the group […]
NEW YORK, Jan 10, 2024 (AFP) – US securities regulators gave the green light Wednesday to a group of bitcoin exchange-traded funds, a keenly anticipated decision expected to boost the cryptocurrency. Regulators approved proposals for 11 ETFs to list on leading exchanges including the New York Stock Exchange “on an accelerated basis,” the Securities and Exchange Commission said in a 22-page order. ETFs are traded on public markets, granting investors exposure to price movements in […]
New York, United States | AFP | by Juliette MICHEL The surprisingly rapid implosion of Silicon Valley Bank has markets jittery over a potential sign of widespread turmoil, but analysts see only a limited risk of financial contagion. SVB’s woes are the result of “idiosyncratic stresses and not one that we see as systemic that would affect the banking industry,” said CFRA Research’s Ken Leon, saying stricter US regulations enacted after the 2008 financial crisis […]
Washington, United States | AFP | Shares in Silicon Valley Bank, a major lender to the tech industry, were halted Friday morning after a sharp sell-off in premarket trading. The move came as the world’s biggest banks took a stock market beating after trouble at SVB sparked concerns over the wider sector. SVB shares tumbled more than 60 percent on Thursday after the company warned it would need to raise additional funds to help […]
New York, United States | AFP | by Julie CHABANAS The new chief executive of troubled cryptocurrency platform FTX said Saturday the company was making “every effort to secure all assets” following unauthorized transactions potentially worth hundreds of millions of dollars. “Unauthorized access to certain assets has occurred,” CEO John Ray said in a statement posted to Twitter by FTX’s general counsel, Ryne Miller. FTX officials did not detail the quantity of unauthorized transactions made, […]
New York, United States | AFP | Crisis-struck cryptocurrency platform FTX has gone bankrupt in the United States and its chief executive Sam Bankman-Fried has resigned, it said Friday, the latest blow in a saga that has reverberated across the digital currency landscape. The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. FTX Group announced […]
by Sam Reeves Agence France-Presse FRANKFURT, Germany (AFP) — Luxury sports carmaker Porsche will debut on the Frankfurt stock exchange Thursday in one of Europe’s biggest listings in years, hoping its brand power can attract investors despite market turbulence. Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is pushing ahead with the blockbuster flotation. The initial public offering (IPO) has generated buzz in Porsche’s […]
NEW YORK< United States (AFP) — US oil prices finished Wednesday at their lowest level since January on growing recession fears, while US stocks rebounded after a weak stretch left the market “oversold,” as analysts put it. Oil prices briefly climbed early on Wednesday as Russia’s President Vladimir Putin said his country would stop delivering oil and gas supplies to countries that introduce price caps. But then oil prices then turned sharply lower, with […]
by Joseph SOTINEL Agence France-Presse LONDON, United Kingdom (AFP) — Cryptocurrency critics, including economists and researchers, will gather in London and online this week to get their message across to regulators about the booming but volatile sector. A number of governments have expressed concerns over cryptocurrencies, but those behind the first Crypto Policy Symposium say they hope the event will prompt much more “critical discourse” of the sector. “There are so many crypto conferences […]
New York, United States | AFP Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement to unblock Ukraine’s Black Sea grain exports. In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, which is equivalent to about 27 kilograms and the lowest close since Russia invaded its neighbor on February 24. On Euronext, wheat prices for delivery […]
