Nakamoto Announces Reverse Stock Split

Nakamoto to split stock 1-for-40 to meet Nasdaq listing rules Nakamoto will implement a 1-for-40 reverse stock split to achieve a share price of at least $1.00. The move follows a 99.5% decline in the company's share price from its 52-week high of $34.77. The spl

China Sets Yuan Reference Rate

PBOC sets USD/CNY mid-point at 6.8349 The People's Bank of China has set the USD/CNY mid-point at 6.8349. The yuan is allowed to fluctuate within a +/- 2% range around this reference rate. Australian banks have boosted provisions by $541M amid Middle East war r

China Sets Daily USD/CNY Reference Rate

PBOC to set daily USD/CNY rate at 6.7955 The People's Bank of China sets the daily USD/CNY reference rate to guide market expectations. The current trading band permits the currency to move plus or minus 2% from the official midpoint during onshore trading hours.