Elizabeth Anderson
LeapRate Analyst

With over a decade’s experience as a finance writer, Elizabeth Anderson applies her knowledge and experience to keep a finger on the pulse of global trends. Specialising in forex, cryptocurrencies, and stocks, Elizabeth follows the movements that impact the world of trading.
June 05, 2024 BY Elizabeth Anderson

Temenos Teams Up With Mastercard To Expedite International Payments

In its press statement, Temenos indicated that this collaboration will realise the swift and secure movement of cross-border funds. It will also make transactions more cost-effective thanks to Mastercard’s widespread international network, which includes approximately 10 billion service points in more than 180 countries. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Temenos…

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June 05, 2024 BY Elizabeth Anderson

Intel Unveils New Xeon 6 Processor To Compete In AI Arena

The Xeon 6 processor is reportedly faster and more power efficient than its forerunner, which enables it to effectively manage demanding data centres. To date, Intel has mostly hovered on the fringe of the global AI frenzy. This new chip is the firm’s attempt to compete with AI trailblazers such as Nvidia and AMD and…

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June 04, 2024 BY Elizabeth Anderson

GameStop Stock Jumps After $116m Stake Posted On Reddit

This reportedly renewed the meme-stock fixation of 2021, which happens when a company’s shares peak in the wake of viral social media exposure. Gill’s post, which appeared on Sunday 2 June 2024, indicated that he had bought 5 million GameStop shares at $21.27 each. Should this be the case, Gill will be one of the…

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June 04, 2024 BY Elizabeth Anderson

DMM Bitcoin Hacked, More Than $300m In Bitcoin Stolen

DMM, Japan’s largest crypto exchange, said roughly 4,503 BTC, valued at about $308m, were illegally siphoned from a primary wallet. According to BITCOIN Magazine, the incident occurred around 13:26 local time and was orchestrated via “unauthorised access.” To date, the company has not divulged how the breach was done. It did, however, confirm that the…

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June 03, 2024 BY Elizabeth Anderson

Doconomy Raises €34m From Top European Banks

This Swedish green fintech, established in 2018, measures the carbon impact of regular spending activities. Based on CNBC data, S&P Global Inc. (SPGI) joined as an investor. Doconomy is also pillared by existing stakeholders such as Motive Ventures, PostFinance, and Tenity. Its collaborations include Mastercard, S&P Global, and the United Nations Framework Convention on Climate…

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June 03, 2024 BY Elizabeth Anderson

De-dollarisation Rumours Surface As China Offloads US Treasuries

Global Finance indicated that China “reduced its holding by more than $100bn in the year through to March 2023”. Global Finance stated that Belgium, which is reportedly a “proxy custodian for China’s debt holdings”, sold over $20bn of US Treasuries during this period. Although many regard this as a directed effort on China’s part, other…

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May 31, 2024 BY Elizabeth Anderson

Saxo Markets UK Appoints New CEO

Bresler replaces the segment’s interim CEO, Simon Camilleri. In Saxo’s press release, the firm emphasised that Bresler’s extensive experience in the financial sector earned him this top position. Previously, he was a core member of the company’s APAC leadership team and also acted as the sales trading deputy head in Singapore between 2016 and 2018.…

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May 31, 2024 BY Elizabeth Anderson

JPMorgan Predicts Greenback Outlook For Rest Of The Year

The bank predicts a bullish medium-term greenback performance in tandem with high yields, a significant growth barrier and other relevant aspects. Investing.com indicated that this firm did, however, mention that “tactical concerns stem from nascent signs of fading US growth exceptionalism and saturated investor longs”. JPMorgan also stated: Inflation divergences will be key as central…

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May 30, 2024 BY Elizabeth Anderson

IMF Bumps Up Its Growth Estimate For China’s Economy

The updated estimation reportedly follows China’s efforts to brace its economy after the property market debacle. In its press statement, the IMF said: First, we project China’s economy to grow by 5 percent in 2024 and 4.5 percent in 2025. These reflect upward revisions of 0.4 percentage points for both the years compared to the…

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