The recent turmoil in Indonesia’s currency and bond markets following a report suggesting that President-elect Prabowo Subianto planned to increase the country’s public debt to 50% of GDP has been clarified by a senior aide. Thomas Djiwandono has emphasized that there are no such plans in place and that Prabowo will adhere to legal limits
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The recent movement of the Japanese yen exchange rate paired with the US dollar has left many investors disappointed by the end of the week. Following the Bank of Japan’s June meeting, where the interest rate remained unchanged, the USD/JPY pair rose to almost 158.00. This outcome was in line with expectations, as the BoJ
Despite facing opposition from large institutional investors, Tesla CEO Elon Musk’s $56 billion pay package was approved by shareholders. This overwhelming show of support from retail investors solidifies Musk’s leadership within the company and reaffirms their confidence in his vision for Tesla’s future. The annual meeting highlighted Tesla’s recent achievements and plans for autonomous vehicles,
The NZDUSD pair recently reached a peak of 0.6217 before retracting to 0.6170. Despite attempts to break through the resistance at 0.6220, the pair has struggled to maintain upward momentum. Looking at the daily chart, the Relative Strength Index (RSI) is currently at 56 and trending downwards, signaling a decrease in buying pressure. Additionally, the
In a world where corporate expenses can often be abused or mismanaged by employees, CleverCards has stepped in to revolutionize the way companies control and monitor their financial transactions. By utilizing a digital platform linked to configurable expense cards, CleverCards provides businesses with the tools they need to ensure that their corporate payment cards are
The recent decision by the European Union to impose tariffs on Chinese electric vehicles has sparked a wave of opposition from China and other key players in the automotive industry. Beijing has expressed hope that the EU will reconsider its decision and avoid further escalation in what they consider to be the wrong direction. The
In recent years, the financial technology industry has experienced a significant shift towards a more sustainable and grounded approach. As highlighted by industry executives and investors at the Money20/20 event in Amsterdam, there seems to be a consensus that the sector has reached a “bottom.” The days of reckless venture capital investments in startups with
The recent softer-than-expected U.S. inflation data has had a significant impact on the foreign exchange market, particularly in Asia. While most Asian currencies were firm against a weakening dollar, the yen struggled ahead of a Bank of Japan meeting, and U.S. policymakers signaled that rates would remain high for the foreseeable future. Following the U.S.
The Federal Reserve recently concluded its two-day meeting and made the decision to keep the key interest rate unchanged. Despite markets hoping for a more accommodative stance from the central bank, the Federal Open Market Committee (FOMC) indicated that only one rate cut is expected before the end of the year. This was a departure
As Roaring Kitty, also known as Keith Gill, observes the fluctuating GameStop shares, he faces a tough decision regarding his substantial options position that is nearing expiration. His current holdings include 5 million GameStop common shares and 120,000 call options, representing 12 million underlying shares. The call options have a strike price of $20 and
The dollar stabilized after reaching a four-week high against other major currencies as traders eagerly awaited key U.S. inflation data and the Federal Reserve’s updated interest rate projections. The U.S. dollar’s recent rebound can be attributed to Friday’s strong jobs report, which suggests sustained inflation alongside robust economic growth. Consequently, the likelihood of the Federal
Apple device users are in for a treat as they will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. Affirm, a fintech company based in San Francisco, announced that it will be available as a payment choice for U.S. Apple Pay users on iPhones and iPads later
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