The Consumer Price Index (CPI) increased for the first time since December 2023 when the central bank hiked interest rates to a 16-year high to temper inflation. In October 2022, UK inflation crested at 11.1% on the back of the pandemic. In the 12 months leading up to July 2024, the CPI rose by 3.3%,…
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Hu Wangming, the chairman of China Baowu Steel Group, stated that the sector is experiencing a “harsh winter”. He said that this prolonged slump will be “difficult to endure” and will pose a tougher challenge than the 2008 and 2015 crises. Based on a Bloomberg report, global investors are keeping a close eye on China’s…
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This is Zero Markets’ first partnership in the European football arena, and it is also the first Australian partnership for Wolves. According to Wolves’ media statement, the broker shares its commitment to trust, integrity and professionalism, and this aligns it with the club’s “values and One Pack mentality”. Don’t miss out the latest news, subscribe…
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Martin Zizi, Dapilinu Dunbar, James Corbett, Corrie Sampson, John Garofano and Marsha Hadley were also charged for allegedly promoting NovaTech. According to the financial watchdog, these parties raised more than $650m in virtual assets from over 200,000 investors across the globe by operating a multi-level marketing (MLM) and crypto asset investment programme between 2019 and…
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In its press release, the world’s leading music label said that this agreement will create opportunities for its artists and songwriters to feature their music on Facebook, Instagram, Messenger, Horizon, Threads and WhatsApp – all platforms of Meta. According to a Reuters report, Universal Music represents industry giants such as Billie Eilish and Taylor Swift.…
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Based on a Reuters report, 10-year treasury futures slipped by 0.6% to record the worst performance in about 17 months, while bond yields increased by approximately four basis points. The PBOC has repeatedly warned investors about their overinvestment in government bonds as they steer clear of China’s volatile stock options and drowning property market. The…
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The S&P 500 experienced its worst Monday and best Thursday since 2022 on 5 and 8 August 2024 respectively, typifying the seesawing markets. Based on CNBC data, the 10-year treasury yield plunged below the 3.7% mark on Monday and ended the week hovering around 4%. In another unexpected Monday market surprise, the Chicago Board Options…
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According to the financial services provider’s media release, Stewart brings 15 years of investment banking and industry experience to the table. In this role overseeing mergers and acquisitions, he will directly bolster the Canadian platform while “extensively” complementing the firm’s broader scope in the Americas and globally. Stewart will report to the head of investment…
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The US Securities and Exchange Commission (SEC) brought the case against the blockchain-oriented digital payment network back in November 2020. The financial watchdog claimed that Ripple had performed unregistered securities sales after levying $1.3bn by selling XRP tokens. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Initially, the SEC wanted a $2bn penalty…
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The Sensex closed Wednesday trading up 1.11% and the Nifty 50 was up 1.27%. Mint cited the head of retail research at Motilal Oswal Financial Services, Siddhartha Khemka, who said: Global factors & headwinds are likely to persist which could continue to impact Indian markets over the next few days. Nifty saw a relief rally,…
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