Foxconn Reiterates Guidance for Q1 Revenue Drop off High Base

TAIPEI, Feb 5 Reuters Taiwan39;s Foxconn, the world39;s largest contract electronics maker and Apple39;s biggest iPhone assembler, on Monday reiterated that it expected an onyear drop in first quarter revenue coming off a high base. The first quarter is traditionally quieter than the previous one, the season when Taiwan39;s tech companies race to supply smartphones, tablets […]
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Crypto Exchange Gemini says Bankrupt Genesis Moves to Authorize Sale of Trust Assets

Feb 3 Reuters Cryptocurrency exchange Gemini Trust Co said on Saturday that crypto lender Genesis has filed a motion in U.S. Bankruptcy Court authorizing a sale of trust assets and seeking authorization to monetize its interests in two Grayscale Ethereum trusts, securities that provide investors exposure to cryptocurrency. The motion filed by Genesis late on […]
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Dollar Notches Fresh Highs as Fed Cut Bets Recede

SINGAPORE, Feb 5 Reuters The dollar rose to an eightweek top against its major peers on Monday as traders clawed back bets for aggressive rate cuts by the Federal Reserve this year in view of a stillresilient U.S. economy. The yen as well as the Australian and New Zealand dollars, meanwhile, tumbled to twomonth lows […]
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Saudi Bourse Gains on Upbeat Earnings; Qatar Retreats

Feb 5 Reuters Saudi Arabia39;s stock market rose in early trading on Monday, driven by banking shares after upbeat earnings, while the Qatari benchmark extended losses in a broadbased retreat. Saudi Arabia39;s benchmark index gained 0.6, with Al Rajhi Bank rising 0.6, while the country39;s biggest lender Saudi National Bank SNB was up 0.9. SNB made a net profit of […]
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