SGX Nifty down 30 points; here's what changed for market while you were sleeping

1 month ago STL.News

Tech View: Nifty has formed a long green candle on the daily charts amid buying at lower levels. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2% after U.S. stocks ended the previous session lower. S&P 500 futures rose 0.1% as of 8:13 a.m. in Tokyo. The S&P 500 closed down 0.9%Nasdaq 100 futures rose 0.2%. U.S. West Texas Intermediate (WTI) crude futures rose 65 cents, or 0.9%, to $75.84 barrel, after climbing 90 cents in the previous session.
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Eni calls for south-north energy axis between Europe and Africa

We have a big industry, they have to develop it?.?.?. For example, in 2021 about 85 per cent of the gas Eni produced in Africa was used to supply local markets, compared with 78 per cent worldwide.“When you do something like that you take more risk?.?.?. ?because it is much easier to export all of the gas you produce,” he said. The continent produces only 6 per cent of global fossil fuels from 4 per cent of global reserves, but has access to 39 per cent of global renewable energy potential, according to energy think-tank RMI.The right investments, based on mutual “respect”, could help address energy security in Europe and energy access in Africa at the same time, said Descalzi. “Respect, what it means for me is that you have to take a risk with them together.”

22 days ago STL.News

Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA’s Market Price

The report further says South Korean prosecutors believe Kwon is hiding out in Europe. Local Report Claims South Korean Prosecutors Have Evidence of Do Kwon Ordering an Associate to Manipulate LUNA’s PriceA report published by the local KBS News claims the co-creator of the Terra blockchain project, Do Kwon, is currently located in Europe. “Korean prosecutors have obtained a private conversation between Do Kwon and an employee where he gives orders to manipulate LUNA’s market price,” Fatman wrote on Twitter on Nov. 3, 2022. Report Says ‘Do Kwon Is Now an Illegal Immigrant’The news follows the reported $40 million in crypto assets allegedly frozen by South Korean authorities. What do you think about the report that claims Terra co-founder Do Kwon manipulated LUNA’s market price?

2 months ago STL.News

Microsoft Backs Wemade’s Blockchain Push in $46 Million Investment Round

Software giant Microsoft has made a $14.8 million investment in Wemade, a Korea-based blockchain gaming services company that has recently launched its own stablecoin, named Wemix. The company was part of a $46 million investment round, that also saw the participation of two more companies: Shinhan Asset Management and Kiwoom Securities. Microsoft Backs Korea-Based Gaming Company WemadeMicrosoft has participated in a $46 million investment round to back Korea-based blockchain gaming operator Wemade. The round, which involved Wemade selling convertible bonds, saw Microsoft purchase $14.8 million in these bonds. What do you think about Microsoft’s investment in Korea-based Wemade?

2 months ago STL.News

Deloitte: Metaverse Could Add $1.4 Trillion a Year to Asia’s GDP

Deloitte estimates the metaverse could add $1.4 trillion to Asia’s GDP annually by 2035. Early metaverse platforms are already being used by millions.”Deloitte’s Metaverse StudyA new report by Deloitte, titled “The Metaverse in Asia: Strategies for Accelerating Economic Impact,” estimates that the metaverse is a trillion-dollar opportunity in Asia. Deloitte’s report states:We estimate that the impact of the metaverse to GDP in Asia could be between US$0.8 trillion – US$1.4 trillion per year by 2035, roughly 1.3-2.4% of overall GDP per year by 2035. Meanwhile, Goldman Sachs sees the metaverse as an $8 trillion opportunity and McKinsey believes the metaverse could generate $5 trillion by 2030. What do you think about Deloitte’s metaverse estimates?

2 months ago STL.News

Sensex world's second best performing index in 2022. Will the magic sustain in 2023?

Indian equities were the second best performers in 2022, with the first one being Brazil. In 2022, the US Federal Reserve raised the federal funds rate by a whopping 425 basis points to 4.25-4.50%. The consequent slowdown in the world’s second largest economy further dampened global growth prospects. In China, the tolerance for new cases in certain areas may gradually rise, particularly in key economic regions, the global investment bank said. India bucked the global trend despite seeing record selling by foreign portfolio investors (FPI), due to stellar inflows from domestic institutional investors (DII).

28 days ago STL.News

Report: South Korean Prosecutors Accuse Do Kwon of Manipulating LUNA's Market Price – Bitcoin News – Bitcoin News

2 months ago STL.News

Why do many top profit-making companies lag in market cap?

The five MAMAA stocks – Meta, Alphabet, Microsoft, Apple, and Amazon – account for 22 per cent of the S&P500’s market cap. But it is important to note that many highly profitable companies lag in market cap. It is interesting to note that many companies in the Top 20 in profits do not find a place in the Top 20 in market cap. More importantly, many companies not in Top 20 in profit do find a place in Top 20 in market cap. A major disconnect between profits and market cap can be seen in the case of the Adani stocks.

2 months ago STL.News

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