KUALA LUMPUR: An upswing in emerging market sentiment over the US Federal Reserve's signal that it may hold the interest rate hike steady in 2019 was offset by the arrest of Huawei's global chief financial officer.
NEW YORK (Dec 7): Altria Group Inc, the maker of Marlboro cigarettes for the U.S. market, is pushing into the Canadian cannabis industry, marking the major tobacco company’s first foray into the nascent sector. Shares of cannabis peers gained on the news.
Altria agreed to acquire 146.2 million newly issued shares for C$16.25 each — a 16% premium from yesterday’s close. That would give Altria a 45% stake in the Canadian cannabis producer. Altria will also get warrants that will give the option to increase its stake to 55%.
LONDON: Bitcoin's value has plunged by three-quarters this year, sending the original and biggest cryptocurrency back to levels not seen before its bubble. And price isn't the only aspect of trading that has changed.