Dashboard

Financial News

Hong Kong stocks rise for third day on China easing hope and resilient US data
scmp71d ago

Hong Kong stocks rise for third day on China easing hope and resilient US data

Hong Kong stocks rose for a third day on Friday after China’s central bank signalled more room for policy easing and strong US data reinforced a solid outlook for global equities.The Hang Seng Index gained 0.7 per cent to 26,806.85 as of 9.41am local time. The Hang Seng Tech Index gained 0.6 per cent.On the mainland, the CSI 300 Index slipped 0.1 per cent and the Shanghai Composite Index added 0.2 per cent.Pop Mart International Group rallied 8 per cent to HK$222, and Alibaba Group Holding...

#ECONOMY
Former FTX crypto executive Caroline Ellison released from federal custody
biztoc71d ago

Former FTX crypto executive Caroline Ellison released from federal custody

The Disgraced former cryptocurrency executive Caroline Ellison has been released from federal custody after serving about 14 months for her involvement in the multibillion-dollar FTX fraud scandal. Ellison was previously head of FTX’s associated trading arm and the on-again, off-again romantic...

#CRYPTO
ML-1 framework: ADB mission reassures to prioritize Karachi–Rohri rail corridor
brecorder71d ago

ML-1 framework: ADB mission reassures to prioritize Karachi–Rohri rail corridor

KARACHI: A high level mission from the Asian Development Bank (ADB) on Thursday reassured to prioritize the Karachi–Rohri rail corridor under the ML-1 framework, a critical link to facilitate transportation from the multi-billion-dollar Reko Diq copper and gold projects to the seaports.According to the details, a high-level 10-member ADB reconnaissance mission, led by senior transport specialist Suenghyun Kim, visited Karachi Port Trust to assess existing port-rail connectivity and logistics infrastructure. The government has already secured USD2 billion in financing from the ADB, with project completion targeted before December 2028.Chairman KPT Rear Admiral Shahid Ahmed (Retd) briefed the delegation on the port’s cargo-handling capabilities and its critical role as Pakistan’s maritime gateway, emphasizing the urgent need for improved inland cargo movement infrastructure.Currently, cargo from Karachi Port relies entirely on road trailers, creating severe urban congestion and heightened road-safety risks. The situation is worsened by operational restrictions that prohibit trailer movement from the port until after 11:00 PM, despite the port’s round-the-clock cargo operations, creating a significant bottleneck in cargo trans-shipment, the KPT chairman said.The enhanced rail connectivity under ML-1 will enable Karachi port to dispatch containerized and bulk cargo on a 24/7 basis, fundamentally transforming logistics operations. Major beneficiaries include South Asia Pakistan Terminals Limited, Karachi Gateway Terminal, and Karachi Gateway Multipurpose Terminal, which are expected to see improved throughput and operational efficiency.Discussions also covered KPT’s ongoing development initiatives, including dredging operations to increase draught depth and strengthen multimodal integration with terminal operators.The ADB reaffirmed its commitment, identifying the Karachi-Rohri rail corridor as the priority project. The reconnaissance mission marks the initial step toward revitalizing rail connectivity to the ports following earlier government engagements.The delegation concluded the day’s proceedings with site visits to existing port facilities and terminal operators to gain a firsthand assessment of current infrastructure and operational challenges.Copyright Business Recorder, 2026

#COMMODITIES
Capital One’s Strategic $5.15B Brex Acquisition Accelerates Banking’s Embrace of Stablecoin Payments
bitcoinworld71d ago

Capital One’s Strategic $5.15B Brex Acquisition Accelerates Banking’s Embrace of Stablecoin Payments

BitcoinWorldCapital One’s Strategic $5.15B Brex Acquisition Accelerates Banking’s Embrace of Stablecoin PaymentsIn a landmark move reshaping the financial landscape, U.S. banking giant Capital One has announced a definitive agreement to acquire San Francisco-based fintech innovator Brex for $5.15 billion. This strategic acquisition, first reported by Decrypt, represents a pivotal convergence of traditional banking infrastructure with cutting-edge, blockchain-enabled corporate finance. Consequently, the deal signals a major acceleration [...]This post Capital One’s Strategic $5.15B Brex Acquisition Accelerates Banking’s Embrace of Stablecoin Payments first appeared on BitcoinWorld.

#CRYPTO#FOREX
3 TFSA Hacks to Build a $1 Million Tax-Free Nest Egg
fool_ca71d ago

3 TFSA Hacks to Build a $1 Million Tax-Free Nest Egg

Unlock the power of a TFSA to build your financial future. Learn how to maximize your savings without tax implications.The post 3 TFSA Hacks to Build a $1 Million Tax-Free Nest Egg appeared first on The Motley Fool Canada.

#CRYPTO
Bitcoin Consolidation: Why a Sharp Drop Now Seems Unlikely as Traders Eye Stability
bitcoinworld71d ago

Bitcoin Consolidation: Why a Sharp Drop Now Seems Unlikely as Traders Eye Stability

BitcoinWorldBitcoin Consolidation: Why a Sharp Drop Now Seems Unlikely as Traders Eye StabilityFollowing a period of notable volatility, the world’s leading cryptocurrency appears poised for a phase of relative calm. According to a recent analysis of derivatives data, a further sharp Bitcoin drop now seems improbable as traders increasingly anticipate a consolidation phase. This assessment, based on market metrics from leading platforms, suggests the digital asset may [...]This post Bitcoin Consolidation: Why a Sharp Drop Now Seems Unlikely as Traders Eye Stability first appeared on BitcoinWorld.

#CRYPTO