Shares of Facebook owner Meta plummeted 26% on Thursday, the biggest single-day slide in market value for a US company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy changes and increased competition.
"The tech selloff spilled over to broader equity markets this morning and with the Fed preparing to raise interest rates, we could see more volatility going forward," he said.Africa’s largest cryptocurrency exchange is looking for a foothold in the US, the latest international platform to try and tap one of the world’s biggest populations of digital-asset investors.
Founded in 2013, Luno has 9 million users from Asia to Africa. It currently offers trading in tokens including Bitcoin, Ethereum and Ripple - and could soon add new coins chosen from the world’s 10 most liquid cryptocurrencies, Reitz said.For the year to end-December, Curro expects its headline earnings per share will be between 7.1% and 18.1% higher than in the previous year. Its results will be released on 23 February.
Trade in Asia was lightened by a holiday inChina. Policy decisions from the Bank of England and European Central Bank are due at on Thursday respectively, and a news conference with ECB President Christine Lagarde is scheduled for the afternoon."Hawkish outcomes might pressure the U.S. dollar," said Speizer. The dollar index has dropped back to its 50-day moving average and was steady on Thursday at 96.043.
Avenida sells itself as a"one-stop shop" for home, apparel, footwear and cellular products to the average Brazilian family. It had a preliminary turnover of about R2.2 billion for the financial year ended 31 December 2021. Facebook reported 2.91 billion monthly active users in the fourth quarter, showing no growth compared with the previous quarter.
Apple's changes to its operating software give users the choice to prevent apps from tracking their online activity for ads, making it harder for advertisers that rely on data to develop new products and know their market. Ascendis will raise R802 million with the disposals, leaving it with R200 million in cash after paying off the remaining debt.“We believe the remaining consumer brands business presents a compelling base for the growth of the group. Consumer Brands is one of the largest vitamin, mineral and supplement suppliers in South Africa, with market-leading brands such as Solal, Vitaforce, Menacal, Bettaway and Junglevite being among the most established and recognised in their categories,” Smit said.
The poultry producer added that the trend in earnings is likely to continue into the second quarter of its 2022 financial year. Astral will release its interim results in May. Vodacom operates the M-Pesa service, which is a mobile money transfer service that also offers payments and micro-financing.MTN has raised R4.3 billion by selling shares in its Nigerian business to locals.— Nick Hedley Aspen very good update for 6m to dec. Earnings up +- 20% normalized. Was negatively affected by stronger randAspen Pharmacare says it expects an earnings jump for the six months ended 31 December 2021.
The total basic earnings for the period are expected to be between $584 million and $650 million, resulting in total basic earnings per share between $1.39 and $1.54 – a decrease of 32% to 39% from the comparative period. Stocks diverged Monday as a pre-weekend rally on Wall Street fizzled with traders looking ahead to a charged week of central bank policy meetings and US jobs data.
The strong performance, coupled with strong US economic data, filtered through to Asia, where trade was thinned by investors winding down ahead of the three-day Lunar New Year break that starts Tuesday.