Asian stocks are set to open lower on Friday, with Japanese shares down about 0.2% and Australian stocks falling 0.3%. In contrast, Hong Kong futures are slightly higher after a decline in Chinese benchmarks. Treasury cash trading resumes in Asia following the US Thanksgiving holiday.
Volkswagen, once a symbol of German engineering, faces significant challenges amid the rise of electric vehicles and fierce competition from China. With mass layoffs and factory closures looming, the company's market capitalization has plummeted, reminiscent of the 2008 financial crisis and the 2015 emissions scandal. Additionally, potential tariffs from the U.S. threaten to exacerbate the situation in Volkswagen's largest export market.
Zomato has successfully closed its Qualified Institutional Placement (QIP), raising Rs 8,500 crore by allocating 33.64 crore equity shares at Rs 252.62 each, which is a 5% discount to the floor price of Rs 265.91. In addition, stocks such as KEI Industries and Newgen Software are also in focus for trading today.
Rob Armstrong and Robin Wigglesworth discuss Professor Hendrik Bessembinder's extensive analysis of the best-performing stocks over the past century, revealing an astonishing 265,528,900 percent return on investment for the top performer. The conversation also touches on the implications of single-stock ETFs and the evolving landscape of investment strategies.
The parliament of the Swiss canton of Bern has approved a motion to study the feasibility of Bitcoin mining, despite opposition from the Government Council. The report will explore potential energy sources, collaboration with local miners, and the impact on grid stability, drawing inspiration from Texas's energy policies. Proponents argue that Bitcoin mining could attract jobs and promote renewable energy, while critics highlight concerns over energy consumption and market volatility.
22:33 28.11.2024
The Swiss canton of Bern has approved a bill to study Bitcoin mining as a method to utilize excess electricity, aiming to attract mining companies. Despite local government concerns about energy consumption and regulatory challenges, the legislation mandates a report on how Bitcoin mining can stabilize the grid and leverage surplus energy. Switzerland's favorable conditions, including abundant hydropower and a cool climate, position it as a potential hub for mining operations.
22:31 28.11.2024
European stocks rebounded, led by technology shares, as concerns eased over US semiconductor sales restrictions to China. However, political turmoil in France caused its stocks and bonds to underperform, with yields on French bonds nearing those of Greece for the first time. Meanwhile, the Brazilian real hit a record low amid disappointing government spending cuts, and US equity futures rose slightly ahead of the Thanksgiving holiday.
The parliament of the Swiss canton of Bern has approved a motion to commission a report on the feasibility of Bitcoin mining, despite opposition from the Government Council. The report will explore potential energy sources, collaboration with local miners, and the impact on grid stability, drawing inspiration from Texas's energy policy.Supporters view this as a significant victory, aiming to attract mining companies and promote renewable energy use. The Government Council raised concerns about energy consumption and market trends, while Switzerland continues to maintain a pro-crypto stance, with notable support from figures like Ripple CEO Brad Garlinghouse.
22:23 28.11.2024
Arabica coffee futures surged to a 47-year high of 323.05 due to severe droughts in Brazil and Vietnam, raising concerns over global supply. Meanwhile, Brent crude oil prices fell to around 72.00 amid a ceasefire deal in the Middle East, with key support levels identified below. Spot silver prices also declined, facing pressure from broader market trends.
IG
22:17 28.11.2024
Arabica coffee prices have surged over 3% to levels not seen since 1977, with a year-to-date increase exceeding 70%. This rally is largely attributed to severe drought conditions in Brazil and adverse weather in Vietnam, impacting crop yields. Major companies like Nestle are adjusting pack sizes and prices to cope with rising costs, while traders remain cautious of potential profit-taking as prices approach historical highs.
IG
22:17 28.11.2024
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Newsletter

© 2025 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings