Bitcoin fell over 1% to below $60,000 as the Japanese yen hit its weakest level against the U.S. dollar since 1986, causing volatility in currency markets. Strategy, the largest public bitcoin holder, announced a $1.25 billion monetization program involving selling more than $1 billion in bitcoin, marking a shift from its founder Michael Saylor's previous 'never sell' stance. The yen's slide is driven by divergent U.S.-Japan interest rates and raises concerns about a disorderly unwinding of yen-funded carry trades, which could impact stocks, bonds, and cryptocurrencies. Market watchers warn that further BOJ action could intensify market pressures.
Mowi ASA has agreed to sell its Canada East salmon farming operations, totaling 9,000 GWT, to Cooke Inc. for CAD 225 million. This divestment aims to streamline Mowi's farming portfolio and concentrate on its main farming areas. The sale is expected ...
Sigenergy has started construction on Phase II of its Nantong Intelligent Energy Center and a new joint venture production facility with Xianghua Hardware Technology. This expansion will increase its manufacturing base to nearly 400,000 square meters...
JPMorgan Chase announced a 10% increase in its dividend alongside a new $50 billion share buyback program. This move follows the bank successfully passing the Federal Reserve's stress test, signaling strong financial health. The dividend hike and buy...
Poolbeg Pharma has been granted a patent in South Africa for its lead drug candidate, POLB 001, which targets severe influenza and cytokine storms linked to cancer immunotherapy side effects. The patent, valid until December 2038, strengthens the com...
Ero Copper Corp. held its Annual General and Special Meeting of Shareholders with 82.98% of shares represented. Shareholders re-elected all ten directors, re-appointed KPMG as auditor, and approved amendments to the company's stock option and share u...
