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SHANNON STAPLETON/Reuters
Coinbase Global Inc. shares jumped 11% in early trading on Thursday, a day after the cryptocurrency exchange went public in a high-profile debut on the Nasdaq that briefly valued it at more than $100 billion.
The debut, done through a direct listing where no shares are sold ahead of the opening, marked another milestone for bitcoin and other digital assets and came amid a surge in the value of cryptocurrencies that has lured a clutch of mainstream, top-tier firms.
Market close: Late surge lifts NZ sharemarket to gain
14 Apr, 2021 05:35 AM
4 minutes to read
The a2 Milk Company continued to recover, rising 6c to $8.95. Photo / Supplied
NZ Herald
By: Graham Skellern
The New Zealand sharemarket had a late surge after trading flatly for most of the day as the Reserve Bank signalled business-as-usual in its monetary policy. The S&P/NZX 50 Index closed 94.96 points or 0.75 per cent ahead at 12,751.38, after moving from an intraday low of 12,656.42. There were 85 gainers and 55 decliners over the whole market on steady volume of 56.15 million share transactions worth $193.13 million.
The Reserve Bank maintained its loose and easy policy, as expected, with no changes to the 0.25 per cent official cash rate, the funding for lending and the $100 billion cap on large-scale asset purchases – the latter two programmes running through to June next year.
Ever Given Ship s Managers Issue Update After Suez Canal Logjam
On 4/14/21 at 10:21 AM EDT
Ever Given, the giant container ship that was stuck sideways in the Suez Canal for nearly a week, has been deemed fit for onward travel by its technical managers.
The vessel is currently anchored in Egypt s Great Bitter Lake, where it has been since it was freed.
It was seized by the Egyptian government on Tuesday, which is seeking $900 million in compensation for costs arising from its rescue.
Ever Given was declared suitable for onward passage to Port Said where she will be assessed again before departing for Rotterdam [in the Netherlands], according to a statement Wednesday from Bernhard Schulte Shipmanagement (BSM), the ship s technical managers.