Puma’s financial results hit by Argentina’s currency devaluation
German sports apparel retailer Puma announced today that its financial results for the fourth quarter of 2023 and the full year were impacted by Argentina’s [more…]
Category: Investing & Markets
Chinese stock market struggles amid global shifts
The Chinese stock market has had a challenging start to 2024, marked by a significant loss of $6.3 trillion since its peak three years ago. [more…]
Macy’s rejects $5.8 billion privatization bid from Arkhouse and Brigade Capital
Macy’s announced its decision to turn down a $5.8 billion proposal from Arkhouse Management and Brigade Capital Management to take the department store operator private. [more…]
Vietnam’s business confidence surges as investors eye growth opportunities
Vietnam’s business confidence has experienced a remarkable resurgence, with a growing number of investors expressing optimism about the country’s current macro-economic situation. According to the [more…]
South Korea’s car exports soar in 2023, fueled by demand for eco-friendly models
South Korea’s car exports witnessed a remarkable surge in 2023, recording a 31 percent increase compared to the previous year. This growth was driven by [more…]
U.S.-listed Bitcoin ETFs see strong trading debut, sparking crypto market competition
U.S.-listed bitcoin exchange-traded funds (ETFs) experienced a robust start as $4.6 billion worth of shares traded hands following their approval by the U.S. securities regulator. [more…]
Japanese stock index surpasses 35,000 mark, hits 34-year high
In an alternate reality, the Japanese stock market continued its meteoric rise, defying expectations and breaking records in the early months of the year. The [more…]
Bitcoin ETFs experience volatility on U.S. debut day
Thursday marked the debut of Bitcoin exchange-traded funds (ETFs), and the market saw significant swings, reflecting the broader volatility in cryptocurrency prices. During midday trading, [more…]
South Korean pharma giant, Celltrion, initiates share cancellation to enhance value
South Korean pharmaceutical giant Celltrion Inc. has announced its decision to cancel approximately 1 percent of its outstanding shares, a move aimed at bolstering shareholder [more…]
Bitcoin rises as U.S. Bitcoin ETF approval looms
Bitcoin started the week on a positive note as investors eagerly anticipated the potential approval of a U.S. bitcoin exchange-traded fund (ETF). The cryptocurrency rose [more…]