The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…
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The updated policy is applicable worldwide, and Google expects advertisers to adhere to the legal requirements in their targeted areas. To advertise cryptocurrency coin trusts, entities must be certified by Google, holding the necessary licenses and fulfilling all legal obligations in their target regions. Google's current policy permits certain types of cryptocurrency advertisements but excludes…
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In addition to the information mentioned above, the non-farm payrolls report also revealed that the Unemployment Rate declined, dropping from 3.9% in the same period to 3.7%. This shift indicates a positive trend in the labour market. As measured by the change in Average Hourly Earnings, annual wage inflation remained stable at 4%, aligning with…
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Charlie Rozes will continue to serve as Interim CEO and Group CFO until Breon assumes his role. Upon Breon's arrival, Charlie will maintain his position as Group CFO and will remain a member of the Board. Breon Corcoran brings a wealth of experience in leading multinational fintech firms and successfully executing their growth strategies. He…
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The initiative comes during intense developments within FTX’s bankruptcy process. The Official Committee of Unsecured Creditors has recently addressed insights from the FTX 2.0 Customer Ad Hoc Committee. They are focused on striking a fair equilibrium between the valuation and distribution of assets in the proposed reorganisation plan, a crucial element in determining the future…
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From January 2019 to March 2023, SoFi was found lacking in effective supervisory systems. This oversight led to the automatic inclusion of over two million clients in its fully paid securities lending program, conducted without obtaining necessary consent or ensuring full disclosure. Moreover, SoFi was responsible for circulating misleading materials about the rewards customers would…
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Considering the evolving macroeconomic environment, the outlook projects a 7.0% annual return for a standard 60/40 stock-bond portfolio. Introducing a 25% allocation in alternative assets could enhance this forecast by 60 basis points and improve the Sharpe ratio by around 12%. Factors like automation and AI's impact on productivity, energy transition, and new technologies are…
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The company's success in the rates market was particularly noteworthy. The daily average volume for U.S. government bonds grew by 19.5% year-over-year, amounting to $163.7 billion. Similarly, the European government bonds saw a 30.5% year-over-year increase, totalling $44.8 billion. Factors contributing to this growth include an expanded client base, diverse trading methodologies on the institutional…
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The RBA also noted that it would require more economic signals before considering any further adjustments to monetary policy. In their policy statement, the RBA pointed out that the October monthly CPI indicator indicated a continued inflation moderation. The AUD/USD pair is experiencing a decline, marking its second consecutive day of losses after retracing from…
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This membership with the FIA, established in 1955, is a strategic step for Plus500. The FIA advocates for the futures, options, and derivatives markets and includes various members such as futures commission merchants, principal traders, clearing firms, exchanges, and trading firms. Plus500's membership aligns them with other significant market players in these fields. David Zruia,…
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