Markets
© Reuters. PriceSmart Inc. (NASDAQ:) has experienced significant fluctuations in its stock price recently, with trading on NASDAQGS reaching highs of $82.26 and dipping to lows of $62.49. The stock is currently priced at $67.57, which aligns with the industry’s average based on its price-to-earnings (PE) ratio of 18.67 times.…
Silvercorp Metals (NYSE:) Inc. has sweetened its takeover bid for OreCorp Limited by A$20 million, increasing the total offer to A$260 million or A54.3 cents per share. This revised proposal represents a 12% premium over OreCorp’s share price at Tuesday’s market close. The enhanced cash component of the deal is…
By Hari Kishan BENGALURU (Reuters) – The dollar will loosen its grip on other G10 currencies in 2024, with a dimmer outlook for the currency as the U.S. Federal Reserve was expected to start cutting interest rates next year, a Reuters poll of FX strategists found. Dominating currency markets since…
Thursday, December 14th, 2023 – Over the past four weeks $BONK meme coin has pumped 667%, but it is Meme Kombat token ($MK) that could be the meme coin to rule them all with its battling meme characters platform that’s raised $3 million.Solana-based $BONK is demonstrating the vitality of the…
© Reuters. The Rover Group has seen its stock price surge by 34% in recent months, drawing attention to its financial performance and managerial strategies. Despite a return on equity (ROE) of 3.7%, which is below the industry average of 8.2%, the company has reported a substantial five-year net income…
By Nia Williams (Reuters) -Oil prices dipped about 1% on Thursday, extending losses on expectations that OPEC+ might not deepen output cuts next year after the producer group postponed its policy meeting. futures were down 68 cents, or about 0.8%, at $81.28 a barrel by 2024 GMT after falling as…
SHANGHAI (Reuters) -China’s major state-owned banks were selling U.S. dollars in the onshore spot foreign exchange market for a second day on Wednesday to support the yuan currency, three sources with knowledge of the matter said. The yuan has come under renewed depreciation pressure after rating agency Moody’s (NYSE:) on…
Source: artiemedvedev/AdobeRussian industrial miners may be given the right to sell cryptoassets as “export products,” the nation’s finance ministry said.Per RBC, the country’s Deputy Minister of Finance Ivan Chebeskov made the comments at a round table event named “Cryptocurrency and the Future of Digital Finance.”Chebeskov said that the ministry had…
It’s time to stop fighting the bull market in stocks, according to BMO Capital Markets. In June, the S&P 500 index SPX recovered more than 20% from its bear-market low of roughly 3,577 in October 2022, officially marking its entry into a new bull market. And despite the potential drag…
© Reuters. FILE PHOTO: Shoppers are reflected in a Black Friday sign outside a shop in Singapore November 22, 2023. REUTERS/Edgar Su By Siddharth Cavale, Katherine Masters and Arriana McLymore NEW YORK/RALEIGH, N.C. (Reuters) -Shoppers took to stores across the world on a Black Friday that appeared subdued compared with…