Yuichiro Chino/Moment via Getty Images The US is eating the world. Earlier this week, Goldman Sachs reported that the domestic stock market now comprises a record 64% of the global equity arena. I put this to X, and the response suggested trepidation among individual investors. The case was made that some mean reversion could be…
The legislative overhaul attracts the philanthropic foreigners keen on contributing to the economic, social, and cultural development of El Salvador through Bitcoin donations. In a recent development, the Legislative Assembly of El Salvador has reportedly approved a migration law that facilitates expedited citizenship for foreigners contributing Bitcoin (BTC) donations to government social and economic development…
In a groundbreaking statement, Argentina’s Minister of Foreign Affairs, Diana Mondino, has confirmed the country’s stance on embracing Bitcoin for contractual agreements. Mondino’s declaration outlined the government’s willingness to accept and formalize contracts denominated in Bitcoin, heralding a pivotal moment for legal recognition of BTC within Argentina. The move demonstrates Argentina’s progressive approach towards integrating…
The move to regulate and tax cryptocurrencies held on foreign exchanges comes as digital assets are gaining popularity in Brazil. The Brazilian Senate recently gave the green light to a new tax reform aimed at imposing a 15% tax on cryptocurrencies held on foreign exchanges. The proposed bill on crypto income has already received approval…
This is not the first time Israel’s central bank has intervened in the foreign exchange market to stabilize the shekel. The Bank of Israel has announced its intention to sell up to $30 billion in foreign reserves to support the Israeli shekel as it faces its weakest point in seven years. The decision comes in…
ArLawKa AungTun Elevator Pitch I award a Hold investment rating to FinVolution Group (NYSE:FINV) stock. There are both pros and cons relating to FINV’s current growth strategy and capital allocation framework. FinVolution Group’s expansion in foreign markets will boost its top line, but this will have a negative impact on its bottom line in the…
Ignatiev/E+ via Getty Images Investment thesis Photronics (NASDAQ:PLAB) is an IC and Flat Panel Displays (FPD) photomask producer that is benefiting from the increasing demand for consumer electronics, innovative medical devices, and displays for mobile devices and ultra-large screen televisions. Photomasks are components that have been used to manufacture nearly every semiconductor that has ever…
Receive free Wang Yi updates We’ll send you a myFT Daily Digest email rounding up the latest Wang Yi news every morning. Australia’s foreign minister Julie Bishop thought everything was going well at a meeting with Wang Yi in 2013, as her Chinese counterpart launched into an animated opening speech in Mandarin. But then the…