The rotation in stock markets has started to happen - Hang Seng and Dax indices have tumbled from previously achieved peaks, getting in sync with overall bearish trends of S&P 500 and Nasdaq. Tariffs remain to be the most threatening factor for global markets weighing on sentiment. CNN’s Fear and greed index remains to indicate…
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In his new position, Phil will be responsible for achieving ACY Connect's sales growth objectives by cultivating new institutional client relationships throughout the region. His focus will include researching, identifying, and creating sales opportunities in the global market. Phil will report directly to the CEO and collaborate closely with all facets of ACY Connect to…
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The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group's commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access. “Investing in Spark Systems aligns with our strategic vision…
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The company revealed that revenue surged by 16% to over £64 million, driven by growth in both its corporate and institutional divisions. In H1, 2023, the company reported revenue of £55 million. Despite the macroeconomic headwinds, Alpha Group's underlying profit before tax also increased, rising 14% to £22.3 million compared to £19.6 million the previous…
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The most important economic data for this week are: US manufacturing PMI, BoC interest rate decision, US services PMI, US job report Tuesday: US manufacturing PMI at 14:00 GMT. The consensus is for an increase from 46.8 to 47.8 points. Even though the expectations are for an improved image of the manufacturing sector in the…
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The firm was expected to put up 6.5 million American depository shares (ADS) valued at between $15.50 and $18.50, and aimed to raise an estimated $440m with its US IPO. The listing deadline was set for the week ending 23 August 2024. In a Thursday 22 August 2024 statement, WeRide said: Updating transaction documents is…
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Posts began to appear on Wednesday 21 August, with the five million followers of McDonald’s on Instagram seeing the grimace memecoin promoted. This token is based on the Solana blockchain and its market value began to rise, apparently due to the hacked account. The value of grimace began to climb until its market cap reached…
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Reuters reported that, according to a January 2024 Hong Kong court ruling, Evergrande’s creditors are “de facto shareholders” in the company’s onshore assets. The property developer’s offshore debt is estimated at about $23bn. Shareholders are usually last in line when it comes to liquidated debt settlements. However, in relation to the Evergrande electric vehicle (EV)…
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This company said that it raised these funds in a Series B capital round. A CNBC report cited unnamed sources who claimed that this latest fundraising brings Story’s value to $2.25bn. Polychain, a crypto venture capital firm, and Brevan Howard, the investment fund of British billionaire and hedge fund manager Alan Howard, also invested in…
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Hanes had been duped by cryptocurrency scammers in a ‘pig butchering’ scam where he took money out of the Kansas bank to send to the scammers’ wallets. Federal prosecutors said that the scam appealed to his greed. The embezzlement led to the bank collapsing and being taken over by the Federal Deposit Insurance Corporation (FDIC).…
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