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The Hang Seng Tech Index rose more than 2%, while the Hang Seng Index rose 0.48%.Reserve Bank of New Zealand Governor Brehman: It is highly likely that the official cash rate will be raised at the next meeting.October 28th - International oil prices rose during Asian trading hours. ANZ Bank research analysts stated in a report that although the prospects for diplomatic negotiations eased tensions in the Middle East, they did not trigger significant selling interest in the market, as traders are increasingly focused on the actual situation on the ground. The analysts added that crude oil supply risks continue to rise. Saudi Arabia stated that it has brought under control of a fire near its largest oil export terminal in Ras Tanura following attacks in the region.On October 28th, UK Chancellor of the Exchequer Healy will announce a cautious budget plan on Wednesday, attempting to avoid putting further pressure on Prime Minister Burnhams new government. Increased taxes are expected on banks, betting companies, and online marketplaces such as Amazon. This move will help support poor families facing high energy bills and freeze fuel taxes for drivers. Healy stated that he hopes to give Britain "a breather" amid inflation triggered by the US-led war in Iraq. This budget aims to weather this difficult time. But it also concerns getting Britain on the path to the future, a better future. Healys budget will detail how the government plans to give mayors more control over taxation, part of Burnhams push for decentralization. Additionally, over £20 billion in additional support will be provided to national financial institutions to drive investment in artificial intelligence, defense, and green energy until the early 2030s. Burnham, upon taking office in July, pledged "the biggest changes in 40 years," including giving the state a greater role in the economy. However, Healys options are limited by soaring borrowing costs for governments globally, including in the UK.Apple futures contracts rose more than 2.00% intraday, currently trading at 5590.00 yuan/ton.

Twitter Accepts Elon Musk’s $44B Buyout; Elon Becomes Sole Owner

Cory Russell

Apr 26, 2022 09:53

Elon Musk paid $44 billion for Twitter's platform.


Shareholders will get $54.20 for each share they own, representing a premium of 38 percent.

On the basis of the upgrade, Dogecoin has risen by 25.8%.


Twitter confirmed the news today in a press statement, stating that the social media site has accepted Elon Musk's offer and has been sold to him for $44 billion in cash.


This is one of the most important events in Twitter's history, since each of its owners gained at least a 38 percent return on their shares, despite the fact that the company had made no net profit in the previous year.

Twitter SOLD to Elon Musk!

According to the press release, the formal deal would revert Twitter to a privately owned firm, with Elon Musk as the only owner.


According to the terms of the deal, each TWTR stockholder will get $54.2 for each shares they own.

This is a 38 percent premium over Twitter's closing price on April 1, the final trading day before Elon declared his 9 percent interest in the firm.


Elon's commitment to free expression reached a pinnacle when he made a $44 billion offer to acquire the whole firm. As a shareholder and member of the board, he was unable to make any significant changes to Twitter's policies.


After suffering shareholder pressure, Twitter eventually accepted the offer, despite initial reservations.


"Free expression is the backbone of a healthy democracy, and Twitter is the digital town square where things crucial to the future of mankind are argued," said Elon Musk, the new owner of Twitter. I also want to make Twitter better than it has ever been by adding new features, opening up the algorithms to boost trust, combating spam bots, and authenticating all people. Twitter has enormous potential, and I'm excited to work with the business and the Twitter community to realize it."


The sale, which is expected to be completed shortly, has no specific terms and conditions, and further information about the company's operations has yet to be released.

Musk Hosts a Dogecoin Party

DOGE joined the excitement as the DOGEfather became the owner of Twitter, his most powerful influence in the crypto realm, and rose by a massive 23.65% in the previous 24 hours.


Elon was having a talk about Dogecoin's future with the meme coin's inventor, Billy Markus, alias Shibetoshi Nakamoto, earlier today, according to FXEmpire, which helped to the surge.


However, now that Twitter is in Musk's hands, Dogecoin will experience more bullishness than it has ever seen before, sooner or later.

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