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 Commodity Futures Trading Commission (CFTC) decided the compensation figure, making it the most significant recovery of this nature in its history. The Commission said it would look to get funds back to everyone affected by this massive fraudulent scheme. FTX went bust in 2022 during a price crash that saw the crypto market plunge…
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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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Revenues in the first six months of the year rose by 2% – excluding fuel – but like-for-like sales were down by 2.1%. Revenue in Q2 fell by 2.2%, with a 5.3% like-for-like drop revealing the size of the problem with falling sales. Asda is owned by TDR Capital and Mohsin Issa. They plan to…
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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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Pre-tax profit climbed to $3.1bn for Q3, following the $134m loss posted last year. This quarter was the first time the Disney streaming business has returned a profit, with the successful Inside Out 2 movie contributing to a strong quarter. A big jump in operating income for the company’s entertainment division saw it reach $1.2bn,…
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Media reports indicated that profits from its Chinese portfolio companies, which include ByteDance, balanced losses from organisations such as AutoStore and Symbotic (SYM). Overall, its Vision Fund division recorded a loss of 204.3bn JPY compared to its profitable status in the same quarter in 2023. This, however, includes administrative costs and the investment ups and…
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The company’s recent acquisitions include CDI Société Cotonnière de Distribution and Gain Capital Holdings. According to StoneX’s records, its non-taxable gain from the first acquisition was $23.5m for the nine months leading up to 30 June 2023. In its media statement, StoneX CEO Sean O’Connor said: We achieved record net operating revenues this quarter as…
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The details were revealed on Tuesday, as the South Africa-born billionaire declared in a social media post that X was going to war after two years of trying for peace. He claims the Global Alliance for Responsible Media (Garm) has conspired against X with members like Mars and Unilever. Don’t miss out the latest news,…
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