Stock / Global

Bitcoin tops $57,000 as big buyers circle

Bitcoin tops $57,000 as big buyers circle

Bitcoin hit a two-year high on Tuesday on signs of large players buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10 per cent in two sessions, helped by a Monday disclosure from crypto investor and software firm MicroSt


Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

Nvidia hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom. The milestone followed another bumper revenue forecast from the chip designer that drove up its market value

India’s startups will no longer price perfection

India’s startups will no longer price perfection

They were once India's most highly valued startups. Now the crushed valuations of fintech company Paytm and online educator Byju’s will weigh on the country's next wave of firms that will look to raise funds.   The pair were hard to fault in their early days. Paytm ushered in a digital

Russian rouble slips after Navalny reported dead

Russian rouble slips after Navalny reported dead

The Russian rouble weakened on Friday after the federal prisons service said jailed opposition politician Alexei Navalny was dead. The central bank’s decision to hold its key interest rate at 16 per cent also nudged the currency lower. The rouble dropped to 93 against the dollar in the momen

Global stocks shrug off patchy data

Global stocks shrug off patchy data

Global shares rose for a third day on Friday, thanks to a lift from Japan's Nikkei closing at another 34-year peak and following gains on Wall Street as data revived chances of a June rate cut. This week's data releases have added to the belief among investors that the US economy at least is holdi

Nvidia tops Alphabet as third largest US company by market value

Nvidia tops Alphabet as third largest US company by market value

Nvidia overtook Google-parent Alphabet's stock market capitalization to become the third biggest US company on Wednesday, days before the poster child of AI boom is due to report fourth-quarter results. Strong demand for the Silicon Valley company's chips used in artificial intelligence computing

Coca-Cola revenue tops estimates on robust demand, higher prices

Coca-Cola revenue tops estimates on robust demand, higher prices

Coca-Cola surpassed Wall Street expectations for fourth-quarter revenue on Tuesday, as it benefits from higher product prices and buoyant demand for its juices, energy drinks and sodas. Despite the company hiking prices over the last several quarters, consumers dining out and indulging in experien

Jeff Bezos sells roughly $2.0 billion of Amazon shares

Jeff Bezos sells roughly $2.0 billion of Amazon shares

Amazon.com founder Jeff Bezos sold around 12 million shares of the online retail and cloud services firm for roughly $2.0 billion, according to a company filing on Friday, soon after laying out a plan to sell his shares over the next year. The sale took place on Wednesday and Thursday, the filings

Stocks hit two-year highs, dollar eases

Stocks hit two-year highs, dollar eases

Global shares traded at their highest in over two years on Wednesday, supported by relatively robust earnings and a retreat in the dollar, although trouble among US regional banks and scepticism over China's efforts to support its markets made for cautious trading.   Bonds came under modest

China regulator announces more curbs on short-selling

China regulator announces more curbs on short-selling

China’s securities regulator said on Tuesday it would suspend brokerages from borrowing shares for lending and cap the size of the so-called securities re-lending business, as part of further efforts to curb short-selling. The watchdog will also ban securities lending to investors who sell s

China stocks rebound sharply on renewed talk of official support

China stocks rebound sharply on renewed talk of official support

Battered Chinese stocks leapt to their largest one-day gain in two years on Tuesday and the yuan rose on a slew of signals that authorities are strengthening their resolve to support slumping markets. The Shanghai Composite jumped 3.2 per cent, its biggest daily gain since March 2022. Trade volume