According to the Eurex press release, this is part of the Spanish financial institution’s expansion of its FX futures trade and highlights current trends toward listed FX business. Banco Santander (SAN) underpins this expansion as the clearing member and Deutsche Bank (DB) as the liquidity provider. Don’t miss out the latest news, subscribe to LeapRate’s…
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The government’s provisional 2024/2025 budget reflected a dividend of 1.02tn INR. Based on CNBC data, the RBI transferred 874.16bn INR to the government for the 2023 fiscal year. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Analysts speculate that the RBI earned higher interest on securities and this hiked its total income. This,…
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According to Bloomberg, an anonymous source familiar with the matter said that the city-state “tapped the market” for $2.5bn SGD and fixed a 3.3% yield for this bond. Based on data compiled by Bloomberg, governments and companies have sold green bonds for an unprecedented value of $260bn since the start of the year. This is…
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In mid-April 2024, Elon Musk, the electric vehicle (EV) maker’s CEO, indicated that the company would reduce its workforce by 10% in response to global economic pressures and a decrease in demand. At this time, Musk stated this is a “difficult decision” as the company employs more than 140,470 workers. He wrote: There is nothing…
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In its Chapter 11 filing, the Florida-based chain listed assets and liabilities between $1bn and $10bn each. Under this petition, the company can continue operations while devising debt repayment plans. Red Lobster will reportedly allow its lenders to control the organisation. According to Bloomberg, these financiers agreed to pay $100m to help the company through…
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The regulator keeps a register of “banned and disqualified” individuals to inform and warn companies and employees. Individuals on this record have been either disqualified from managing a company, auditing self-managed superannuation funds, or fulfilling a financial role in an organisation. Pereira reportedly managed four companies that were liquidated. ASIC listed these as East Coast…
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The prime index hovered above the 40,000 brink at a stage on Thursday, 16 May 2024, but ended that day lower. Hopes of rate cuts fuelled bullish investor actions and enabled the Dow Jones’s gallop towards this all-time high. According to CNN, the latest report from the US Bureau of Labour Statistics indicated a decrease…
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The Stockholm-based investment company said current negotiations centre around a possible cash offer of £25.50 per share. Based on Reuters information, KWS closed Friday, 17 May 2024, trading at £14.70, a 5% increase from its previous session. The EQT offer tops this value with 73%. According to reports, EQT previously made four unsolicited offers for…
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Revenue for the 2023 fiscal year increased by 75%. The company attributed this uptrend to positive organic growth and the “benefit of acquisitions”. This included the ED&F Man Capital Markets division and the Cowen acquisition in December 2023. The firm stated: Performance was strong across the Group. Revenue rose 75% to $1,245 million and Reported…
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Aspects under investigation are how Meta’s algorithms possibly promote “behavioural addictions” and create “so-called rabbit-hole effects”. A study available on ResearchGate depicted the rabbit-hole effect as the “use of algorithms” that amplify personalised content to keep users engaged. The European Commission also expressed concerns about Meta’s age verification processes. Don’t miss out the latest news,…
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