Category: Forex

ATFX announcement
August 14, 2024 BY Leaprate Staff

ATFX Launches Client Funds Insurance

“Your Fund's Security, Our Priority” ATFX prioritizes client funds' safety and security. With the launch of the ATFX Client Funds Insurance under the slogan “Your Fund’s Security, Our Priority,” clients can now trade with even greater confidence, knowing that an additional layer of protection protects their funds. This commitment to fund security sets ATFX apart…

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August 13, 2024 BY Robert Bell

Burger King Boosted by UK Revenue Increase

Revenue rose by 30%, despite like-for-like sales showing a more modest 3% rise. The company put the revenue boost down to good cost management and growth in its real estate portfolio. 2023 saw 18 new Burger King restaurants open in the UK, with 10 more being refitted last year. Burger King’s UK operating profit rose…

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August 13, 2024 BY Elizabeth Anderson

Universal Music Extends Its Licensing Agreement With Meta

In its press release, the world’s leading music label said that this agreement will create opportunities for its artists and songwriters to feature their music on Facebook, Instagram, Messenger, Horizon, Threads and WhatsApp – all platforms of Meta. According to a Reuters report, Universal Music represents industry giants such as Billie Eilish and Taylor Swift.…

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August 13, 2024 BY Elizabeth Anderson

Chinese Government Bonds Plunge In Wake Of PBOC Intervention

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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Bankman-Fried jailed ahead of his October trial
August 12, 2024 BY Robert Bell

FTX Ordered to Return $12.7bn to Customers

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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Barclays office building
August 12, 2024 BY Elizabeth Anderson

Barclays Appoints New Head Of M&A Execution For Canada

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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August 09, 2024 BY Robert Bell

Asda Loses Market Share Again

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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SEC gets go-ahead to lodge partial appeal in Ripple case
August 09, 2024 BY Elizabeth Anderson

Ripple To Pay $125m In Civil Penalties

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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August 09, 2024 BY Elizabeth Anderson

Indian Market Steady After Global Tech Stock Upheaval

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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August 08, 2024 BY Robert Bell

Disney Makes Its First Streaming Profit

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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