The Monetary Authority of Singapore (MAS) on Monday issued guidelines that limit cryptocurrency trading service providers from promoting their services to the general public, as part of a bid to shield retail investors from potential risks. Singapore is a popular location for cryptocurrency companies due to a comparatively clear regulatoryContinue Reading
Tesla Inc (TSLA.O) on Sunday reported record quarterly deliveries that far exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. It was the sixth consecutive quarter that the world’s most valuable automaker posted record deliveries. Tesla, led by billionaire CEO Elon Musk, delivered 308,600 vehicles inContinue Reading
Bitcoin close to $70,000, “memecoins” worth billions of dollars, a blockbuster Wall Street listing and a sweeping Chinese crackdown: 2021 was the wildest yet for cryptocurrencies, even by the sector’s volatile standards. Digital assets started the year with a stampede of cash from investors large and small. And bitcoin andContinue Reading
RABAT, Dec 31 (Reuters) – Businesses working in Morocco’s key tourism sector say the country’s tough COVID-19 restrictions, including a full flight ban, are undermining its competitiveness compared to rival destinations. Morocco shut its borders in late November and will only reopen them at the end of January. It hasContinue Reading
Dec 30 (Reuters) – Stock markets in the Gulf ended 2021 higher, with the Abu Dhabi index exiting the year with a roar on its best annual performance in 16 years. The Abu Dhabi index (.ADI) added 0.5% on Thursday, the last trading day of 2021 – its best year since 2005,Continue Reading