According to Yahoo Finance, September’s public net sector borrowing in the UK came in at £14.3bn, 10% less than the year before. This year-on-year drop followed a significant decline in debt interest payments from £7.9bn to £0.7bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Having closed 1.2% lower on Thursday, the FTSE…
Read more
The company reported a 20% decline in its year-on-year net sales. It pinned the lacklustre performance on a decrease in demand for 5G gadgets, especially among US customers. Ericsson, an industry competitor, reported the same sales problem and listed it as one of the reasons for its recent job cuts. The report indicated that planned…
Read more
The Australian and New Zealand dollars each fell 0.6%, with the latter sinking to its lowest level in a year of $0.5815; however, this dip is not unexpected as these currencies are prone to global pendulum swings. Sterling, also subject to peaks and troughs, was down 0.2% at $1.2118, while the euro remained steady at…
Read more
Experts believe that the focus of the outfit’s new chief executive officer (CEO), Wael Sawan, on key oil and gas dealings also enticed investor interest. During Monday's trading, Shell’s shares climbed to 2,763 pence in London at a stage. This share price recovery comes after multiple strategic turning points. During the pandemic, oil and gas…
Read more
Known as LMEpassport, the platform in question is the digital information register that details the sustainability of metals traded on this exchange. To date, it lists 466 disclosures from 219 brands, including copper, aluminium, zinc, and lead. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In 2021, when LMEpassport launched, it contained only…
Read more
While several other major companies have opted to exit the UK to avoid legal hot water, Binance is willing to adhere to increasingly stringent compliance requirements to remain active in the market. The good news for customers is that most of its services comply with the new regulations. That means Margin Trading, Spot Trading, Binance…
Read more
The German trading and investing group delivered revenue of €28.4m for the three quarters to 30th September. The ample returns helped NAGA Group back into the black after recording a €4.2m loss for the same period a year ago. A notable reduction in marketing and operational costs was key to the profit-making in Q1, Q2…
Read more
The company, which harnesses robotics to produce things such as coffee and beer-pouring arms, priced its shares at 26,000 won each. At the start of trading, shares kicked off at 59,100 won each, 127% higher than the set IPO price. At one stage, the shares reached as much as 67,600 won. Analysts attribute this positive…
Read more
Bitcoin was not the only cryptocurrency experiencing a decline. Ethereum also missed the mark, sliding below the $1,650 level. The global crypto market cap suffered a 0.89% blow, bringing its total value to approximately $1.08tn. Surprisingly positive results from the Job Openings and Labor Turnover Survey (JOLTS) strengthened 10-year bond yields, which are experiencing the…
Read more
Hiring was unchanged at around 5.9m (3.7%); total separations, which, according to the Bureau of Labour Statistics (BLS), include quits, layoffs, discharges and other separations, was also little changed at 5.7m (3.6%). The quit rate came in at 3.6m and was almost the same as the previous month at 2.3%. The BLS noted that the…
Read more