Cryptocurrency prices have shown a strong uptrend, with Stellar (XLM) leading the charge, recovering to $0.63 and aiming for $0.96. Ethereum Name Service (ENS) is also on the rise, currently at $35.36, while Arweave (AR) trades at $21.38, facing resistance at $24. Celestia (TIA) has rebounded to $8.56, and Fantom (FTM) is at $1.02, both showing significant gains over the past week.
Matthias Ackeret's new novel, "Der Magier von Hiva Oa," draws inspiration from the life of fallen real estate developer René Benko, featuring a protagonist named Remo Blanko. Ackeret explores Benko's extraordinary rise and subsequent downfall, questioning the legal implications of his actions while expressing a desire to understand Benko's mindset during his empire's collapse. Despite sending a letter to Benko, Ackeret has yet to receive a response.
Mahindra & Mahindra (M&M) and Maruti Suzuki are gearing up to challenge Tata Motors' dominance in India's electric vehicle (EV) market. M&M has launched two new EVs and invested significantly in the ecosystem, while Maruti is set to debut the E-Vitara SUV in 2025. Despite Tata Motors holding a 58% market share, down from 74% a year ago, analysts suggest that the competition is intensifying as rivals prepare for a more active role in the EV landscape.
Coinbase has decided to terminate its USDC yield program in Europe, responding to increased scrutiny related to compliance with the Markets in Crypto-Assets (MiCA) regulation. This move reflects the ongoing challenges faced by cryptocurrency platforms in navigating regulatory landscapes.
Eric Ma, the CEO of New World Development Co., is set to resign after just two months in a tumultuous leadership period for the Hong Kong property developer. An official announcement regarding his departure is anticipated as early as Friday afternoon, according to sources familiar with the situation.
Shares of Honasa Consumer surged over 7% following a previous 10% upper circuit limit, recovering from a significant drop below its IPO price earlier this month. Despite this rebound, concerns linger over a slowdown in consumption growth, as the company reported its first quarterly loss since listing, with a net loss of Rs 18.5 crore for the September quarter. The market capitalization remains below $1 billion, reflecting a 40% decline in the past month and over 50% in three months.
Germany faces a grim political landscape as the economy's decline looms over the upcoming federal election, with all three parties of the former "traffic light" coalition set to face repercussions. The Social Democrats, in particular, struggle with internal divisions, failing to rally behind their chancellor candidate, Boris Pistorius.
SMI is up in pre-market trading as US futures rise following the holiday break, while the dollar weakens against the franc. The yen surged to a six-week high of 150 per dollar after Tokyo's inflation data exceeded expectations, increasing speculation of a Bank of Japan interest rate hike next month. Analysts note that rising inflation and strong monthly activity bolster the likelihood of this move in December.
06:21 29.11.2024
A new liquidity window facility has been introduced for corporate bond investors, allowing issuers to buy back bonds from retail investors, functioning like a put option. This initiative aims to enhance bond liquidity and provide a crucial exit route for retail investors, with collective demand expected to increase its usage. Managed funds investing in bonds can also benefit from this facility.
Kazakhstan has raised its benchmark interest rate to 15.25% from 14.25%, marking the first increase since 2022. This decision comes amid concerns that a declining national currency could lead to a further rise in inflation, despite economists' expectations for no change.
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