
Taiwan Mulls Tougher FX Rules for Foreigners Buying Stocks
The central bank is mulling a policy that requires international investors wanting to buy the island's stocks to show proof of orders before they can purchase the Taiwan dollar, said the people, who asked not to be identified as they aren't authorized to speak publicly. The currency conversion would then take place the following day, the people said.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
23 minutes ago
- Yahoo
Sea Ltd Is Quietly Building Up a Fintech Empire
The fintech business started as an e-wallet, but expanded into other use cases like bill payments, QR codes, and credit. The credit business is growing rapidly. Monee is riding on multiple tailwinds. 10 stocks we like better than Sea Limited › Sea Limited (NYSE: SE) is best known for two things: Shopee, its e-commerce giant that dominates Southeast Asia, and Garena, the once high-flying gaming business that's showing signs of a comeback. But under the radar, Sea has been steadily nurturing a third business that could one day rival its other companies. That business is Monee (previously known as SeaMoney), Sea's fintech arm. While investors often focus on Shopee's market share or Garena's user trends, the fintech story unfolding within Sea deserves the attention of investors. Here's why. Monee started as a digital wallet to support transactions on Garena and Shopee. It was a logical move: Reduce payment friction on the gaming and e-commerce platform and capture more value per transaction. But what began as a support function evolved into a stand-alone growth engine. Today, the fintech business spans mobile wallets, consumer lending, payment processing, and even insurance and financial services. Users can pay bills, top up phone credits, make offline purchases via QR codes, and increasingly access buy-now-pay-later or personal credit offerings -- all within the Sea ecosystem. In the first quarter of 2025, Sea's digital financial services segment generated $787 million in revenue, representing a 58% year -over-year increase. Just as impressively, adjusted EBITDA came in at $241 million, marking the fourth consecutive quarter of profitability -- a remarkable turnaround for a segment that was burning cash just two years ago. Monee's rapidly expanding finances were a result of its strategy of first capturing users with basic mobile wallet services -- which usually don't generate much revenue -- and then upselling other services, such as credit and insurance products. As Monee evolves into an ecosystem, it has the potential to offer a wide range of financial services beyond credit, which should open up new revenue streams. One of the most compelling parts of Sea's fintech business is its digital lending, a space that remains underpenetrated across Southeast Asia. Millions of small businesses and consumers are underserved by traditional banks, creating a significant opportunity for platforms like Sea, which already possesses deep data, user trust, and distribution reach. To capitalize on the significant credit opportunity in this region, Sea actively pursued banking and digital lending licenses in each country. So far, it has set up digital banking arms in Indonesia and the Philippines (under the SeaBank brand) and in Singapore (under MariBank). Beyond these banking businesses, the fintech also offers basic credit products under SPayLater in multiple countries across Southeast Asia. Unsurprisingly, the fintech business delivered some solid performance recently. In the first quarter of 2025, loans outstanding surged 77% year over year to $5.8 billion, driven by rapid growth in borrowers. For perspective, Monee added more than 4 million first-time borrowers in that quarter, bringing the total number of active loan users to over 28 million. Better still, the solid growth did not come at the expense of risk management, as the 90+ days non-performing loan (NPL) ratio declined from 1.4% a year ago to 1.1%. If the company can maintain its risk management while growing its loan book, it will inevitably report better profits in the coming quarters. Southeast Asia remains one of the most promising fintech markets globally. Consider this: The Temasek-Bain-Google report states that over 70% of adults in the region stay underbanked or unbanked. This low penetration sets the right environment for tech companies like Sea to capture these customers. To this end, the growing smartphone and internet penetration provides ample opportunity for the company to capture these users. Furthermore, governments are increasingly supportive of digital financial inclusion, with initiatives such as digital banking licenses in Indonesia, Malaysia, and the Philippines. Additionally, Monee's deep integration with Shopee provides a customer acquisition advantage, and its expanding suite of financial products enables it to increase lifetime value per user -- much like how Ant Group scaled alongside Alibaba. Sea Limited is no longer just a two-engine company. Shopee remains dominant, Garena is healing, and Monee may be the surprise that carries a significant upside in the coming years. If it continues to execute, this fintech engine could become the company's next most valuable asset. Long-term investors should keep a close eye on its continued progress. Before you buy stock in Sea Limited, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sea Limited wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Lawrence Nga has positions in Alibaba Group and Sea Limited. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Sea Ltd Is Quietly Building Up a Fintech Empire was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
34 minutes ago
- Yahoo
Berkshire Hathaway B (BRK.B) Stock Declines While Market Improves: Some Information for Investors
Berkshire Hathaway B (BRK.B) closed at $480.48 in the latest trading session, marking a -1.86% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.48%. On the other hand, the Dow registered a loss of 0.02%, and the technology-centric Nasdaq increased by 0.94%. The stock of company has fallen by 1.65% in the past month, lagging the Finance sector's gain of 3.5% and the S&P 500's gain of 5.13%. Investors will be eagerly watching for the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company's upcoming EPS is projected at $5.24, signifying a 2.60% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $98.5 billion, indicating a 5.18% increase compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $20.53 per share and revenue of $403.3 billion, which would represent changes of -6.68% and +8.58%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Berkshire Hathaway B. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Berkshire Hathaway B possesses a Zacks Rank of #3 (Hold). From a valuation perspective, Berkshire Hathaway B is currently exchanging hands at a Forward P/E ratio of 23.85. For comparison, its industry has an average Forward P/E of 12, which means Berkshire Hathaway B is trading at a premium to the group. Investors should also note that BRK.B has a PEG ratio of 3.41 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Insurance - Property and Casualty was holding an average PEG ratio of 2.73 at yesterday's closing price. The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 49, putting it in the top 20% of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Berkshire Hathaway Inc. (BRK.B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Associated Press
38 minutes ago
- Associated Press
SHAREHOLDER REMINDER: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Krispy Kreme
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Krispy Kreme To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Krispy Kreme between February 25, 2025 and May 7, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, July 06, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Krispy Kreme, Inc. ('Krispy Kreme' or the 'Company') (NASDAQ: DNUT) and reminds investors of the July 15, 2025 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) that demand for Krispy Kreme products declined materially at McDonald's locations after the initial marketing launch; (2) that demand at McDonald's locations was a driver of declining average sales per door per week; (3) that the partnership with McDonald's was not profitable; (4) that the foregoing posed a substantial risk to maintaining the partnership with McDonald's; (5) that, as a result, the Company would pause expansion into new McDonald's locations; and (6) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. On May 8, 2025, before the market opened, Krispy Kreme released its first quarter 2025 financial results, reporting its 'net revenue was $375.2 million…a decline of 15.3%' and a 'net loss of $33.4 million, compared to prior year net loss of $6.7 million.' Additionally, the Company announced that it is 'reassessing [its] deployment schedule together with McDonald's' and 'withdrawing [its] prior full year outlook and not updating it' due in part to 'uncertainty around the McDonald's deployment schedule.' On this news, the price of Krispy Kreme shares fell 24.71%, or $1.07 per share, to close at $3.26 per share on May 8, 2025, on unusually heavy trading volume. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not. Faruqi & Faruqi, LLP also encourages anyone with information regarding Krispy Kreme's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. To learn more about the Krispy Kreme class action, go to or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). Follow us for updates on LinkedIn, on X, or on Facebook. Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP ( ). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner. A photo accompanying this announcement is available at