September 21, 2023 BY Elizabeth Anderson

Revolut postpones 2022 financials filling again

Reuters quoted a spokesperson for Revolut, who commented as follows: We have received an extension for the filing of our 2022 accounts. We look forward to announcing our 2022 audit and annual report in due course. This comes after Revolut’s 2021 financial results were only published in March 2023, and the company’s auditor, BDO LLP,…

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September 21, 2023 BY Elizabeth Anderson

New lithium exploration in Quebec

In a recent press release, Mont Royal noted that with new groundwork intelligence, the exploration program is set to begin with 8 target areas that show significant promise for lithium exploration. A comprehensive analysis of the Wapatik property has identified approximately 30 distinct targets. These targets are believed to correspond to outcropping pegmatites. Notably, several…

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September 20, 2023 BY Elizabeth Anderson

Coal and steel mines gain traction in India and Europe

The company, which specialises in coal and steel mining and production and supply chain, particularly in Chhattisgarh, climbed 5% due to backing from its new commercial mine in Bhaskarpara. Its stock gained 6.34% in the last week and 53.56% in the last month.  The new Stage-1 commercial project is currently waiting for the approval of…

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September 20, 2023 BY Elizabeth Anderson

Lawyers plead for Bankman-Fried release from jail before trial

This included sharing the personal correspondence of Caroline Ellison, former chief executive officer (CEO) of the Alameda Research hedge fund, with the New York Times. Ellison, who was romantically involved with the self-proclaimed cryptocurrency king, admitted to fraud and is a key witness in the case against Bankman-Fried.  The Manhattan U.S. Attorney and lawyers for…

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September 19, 2023 BY Elizabeth Anderson

ETFs and mutual funds rise against their passive counterparts

In August alone, active ETFs garnered $9.8bn in investor cash compared to $9.5bn pulled by passive funds. For every $4.06 made from passive funds, active ETFs have gained $1 over the last 12 months. The gap appears larger; however, three years ago, passive funds registered $6.02 for every $1 of active ETFs.   That being said,…

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September 19, 2023 BY Elizabeth Anderson

South Korea to tighten OTC crypto controls

A local report detailed how prominent executives attended a forum on the legal issues and potential criminal dealings associated with digital assets. Among these were Ki No-Seong, the deputy chief prosecutor, and Park Min-woo of the Financial Services Commission (FSC).  This session highlighted money-laundering possibilities and concerns. According to a Google-translated statement, Seong commented:  Illegal…

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September 19, 2023 BY Elizabeth Anderson

Klaviyo bumps up share pricing ahead of market debut

The company plans to list approximately 19.2 million shares for between $27 and $29 each, a $2 raise from its earlier indication of between $25 and $27. Nearly 20 times oversubscribed on the back of investor interest, experts are predicting a strong start on the New York Stock Exchange (NYSE).  The positive response to the…

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September 18, 2023 BY Elizabeth Anderson

Market analysis: Central banks watch this week

‘Central bank watching’ will be the name of the game this week, with financial markets remaining highly sensitive to any shifts in the interest rate outlook, particularly given the recent ramping up of energy prices.  The move higher in energy costs was born out in the US inflation data last week, which could nudge the…

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