Egypt’s economy may soon be feeling the pinch from the security situation in the Red Sea, which has dramatically reduced traffic through the Suez Canal. The waterway is a vital, reliable source of income, and it has increased in importance since the recent two-lane expansion program boosted transit capacity. In 2022-23 – with tanker traffic […]
Ten spot bitcoin ETFs launched on Jan. 11. Eight days later, two funds have distinguished themselves in terms of net inflows: BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC). While the BlackRock offering reached $1 billion in assets after four days trading, Fidelity’s fund hit the milestone on its fifth […]
© Reuters. ALMATY – Kaspi.kz, a leading fintech company in Kazakhstan, successfully launched its initial public offering (IPO) today, raising $1 billion. The company’s shares made their stock market debut at an opening price of $92.50, a notch above the IPO price of $92. This initial trading price places the company’s market valuation at approximately […]
Just two weeks into the new year, and the market has already hit a new high, small and midcaps are believed to be overpriced, leaving investors wary to invest more in equity. Given all this, where should investors invest their money in 2024? We asked a few experts where should one invest if they have […]
It has been a tough time in the charity sector in recent years, with finances uncertain amid the pandemic and the cost-of-living crisis. Charities have had to adapt, make the most of their data, and optimise their operations on a shoestring, while continuing their vital work supporting beneficiaries. In 2024, fortunately, there are signs […]
An old-school asset management giant is flexing its muscle in the race to establish a foothold in bitcoin exchange-traded funds with a stellar first week. As Bernstein analyst Gautam Chhugani highlighted in a note to clients Thursday, BlackRock’s iShares Bitcoin Trust (IBIT) has been an early winner among the spot bitcoin ETFs that were approved […]
© Reuters. DAVOS – Barclays is setting its sights on operational efficiency, aiming to cut $1B in costs from its investment banking division, a sector where it holds a commanding presence in debt capital markets. CEO C.S. Venkatakrishnan, speaking at the World Economic Forum in Davos, outlined the bank’s strategy to achieve these savings without […]
Investment in Hong Kong property fell by 28 per cent to HK$37 billion (US$4.73 billion) last year, its lowest level since the 2008 financial crisis, but is expected to rise to HK$50 billion in 2024, property consultancy Colliers said.An anticipated cut in interest rates as well as government initiatives promoting the city as a location […]
The team at Capital Economics was among the most bullish we found on the outlook for stocks in 2024. The firm sees the benchmark S&P 500 rising to 5,500 by the end of this year, and adding another 1,000 points — roughly 18% — through the end of 2025, hitting 6,500 in a little under […]
In a thread on X, Timer, Fidelity’s Director of Global Macro, said current trends in bitcoin’s price are suggestive of a short-term positioning adjustment rather than a long-term trend reversal. While some have forecasted that bitcoin might drop and find support anywhere between the $32K to $38K mark, Timmer expects consolidation of recent gains. “The […]
