Finance
Hong Kong Considers Bitcoin for Fiscal Reserves
Summary: Johnny Ng, a member of the Hong Kong Legislative Council, has revealed plans to work with various stakeholders to evaluate the feasibility and potential advantages of adding Bitcoin to…
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SoftBank Announces $3.4 Billion Share Buyback in Response to Investor Pressure
Summary: Masayoshi Son’s SoftBank is set to buy back up to 6.8% of its shares over the next year, aiming…
UK Investment Platform Hargreaves Lansdown Approves $6.9 Billion Takeover Bid from CVC Consortium
Summary: British investment platform Hargreaves Lansdown announced on Friday that it has agreed to a takeover offer valued at £5.4…
China, UAE, KSA Extend $12 Billion in Pakistani Debt for Another Year
Summary: There will be no delay in the IMF Executive Board meeting, which is set to occur by the end…
IHC Reports 46% Growth to AED41.7 Billion, 18% Net Profit of AED12.3 Billion In H1 2024
Summary: Abu Dhabi conglomerate International Holding Company (IHC) reported an 18% increase in its first-half net profit, reaching Dhs12.3 billion…
Belarus and Russia Agree on Cooperation for Financial Market Cooperation and Information Sharing
Summary: Belarus and Russia have signed an agreement to enhance cooperation and information sharing, including confidential data, regarding financial market…
African Startup Mansa Unveils Blockchain-Based Receivables Financing with Multiple Funders
Summary: Africa-focused trade finance fintech Mansa has introduced the first of three blockchain-based liquidity pools dedicated to receivables financing in…
Market Summary: Stocks Plunge Following Weak $42 Billion Treasury Sale
Summary: The swift decline in U.S. stocks following a disappointing $42 billion Treasury sale highlighted the vulnerability of global financial…
De-Dollarization in Africa Stalls as Citizens Lack Confidence in Local Currencies
Summary: De-Dollarization Efforts Falter Amidst Lack of Confidence in Local Currencies In 2023, Kenyan President William Ruto questioned why Kenya…