Australian Stocks Hit Record High

Australian equities notched a record high as Asia-Pacific traded mixed after Wall Street gains on the back of strong U.S. economic data reports and a slew of better-than-expected corporate earnings.In Japan, the Nikkei 225 dipped 82.08 points, or 0.2%, to 39,901.19. In Hong Kong, the Hang Seng sprang back up 326.71 points, or 1.3%, to 24,825.66. ASX heavyweights like mining giant BHP and Rio Tinto are up 1.7% and 1.32% respectively. Biotech firm CSL is up over 1.7%.South Korea’s stock market was “severely undervalued” for the past six to seven years, and “is in the process of getting…

Ripple Reportedly Offered To Buy Stablecoin Issuer Circle

Ripple Labs, the blockchain payments firm behind the XRP cryptocurrency, has made a bold move to acquire Circle Internet Financial, the issuer of the USDC stablecoin, for a reported $4 billion to $5 billion, according to a Bloomberg report. The offer, however, was rejected by Circle, which deemed it too low, highlighting the high-stakes race […]The post Ripple Reportedly Offered To Buy Stablecoin Issuer Circle appeared first on ABC Money.