The case came to light when the 81-year-old decided to sell his six million RMS shares. Being the largest shareholder in the luxury fashion business, selling them would allow him to bequeath half his multi-billion-euro fortune to his former gardener. However, when Puech tried to do this, he discovered what he described as a “gigantic fraud.”…
Read more
Economists believe that this weakening MXN performance, which typically fluctuates in tandem with USD movements, reflects apprehensions about a sluggish US economy. Risk-averse forex trading saw the greenback gain roughly 4% in the week ending 2 August 2024. Mexico’s latest data indicates a minor rise in unemployment with minimal changes in gross fixed investments during…
Read more
The British oil giant published its Q2 results and interim dividend margins on Thursday 1 August 2024. Although it beat forecasts, profits were down 19% from Q1, when Shell reported adjusted earnings of $7.7bn. Don’t miss out the latest news, subscribe to LeapRate’s newsletter According to media reports, Shell will run a share buyback scheme…
Read more
To attract investors to this niche, apart from Bitcoin offers, Futu is reportedly rewarding users with tech stocks, which include shares of Alibaba Group Holding (BABA) and the Nasdaq’s top performer, Nvidia Corporation (NVDA). As of Thursday 1 August 2024, Futu users can trade in Bitcoin and Ether – the world’s front runners in the…
Read more
He was in charge of Glencore’s oil business for many years, working from London until 2019. The Serious Fraud Office (SFO) has now said that Beard is being charged in connection with allegedly corrupt payments that were made with the aim of benefiting the company’s West African oil operations. The others charged under the same…
Read more
The transportation and ride-sharing company has revealed a strategic partnership with BYD. As part of this deal, their drivers will be able to get hold of its partner’s cars at preferential rates and with the help of improved financing offers. One hundred thousand BYD vehicles are to be offered to drivers in this way. The…
Read more
This intercession is the latest in Japan’s efforts to throw a lifeline to the yen after it dropped to its lowest mark against the USD in 38 years. The Japanese Ministry of Finance published data on Wednesday 31 July 2024 showing that the government paid out 5.53tn JPY – the equivalent of roughly $36.8bn –…
Read more
According to the terms of Paramount’s merger deal with Skydance Media, it has 45 days to consider other acquisition and merger deals. Based on Reuters data, Apex, a holding company and investor, indicated that it had made a bid for all the shares held by National Amusements, which has the majority stake in Paramount. This…
Read more
The Rex services that have been grounded are the Boeing 737 flights between capital cities, including Melbourne, Sydney and Brisbane. While ticket sales for those routes are suspended, the company’s regional services are running normally, according to an update on Tuesday from administrators EY. With Qantas and Virgin dominating the Australian air market, budget airline…
Read more
During H1 2024, Spectrum recorded 1.2 million trades. Its order book turnover declined by 15%, coming in at €1.5bn as opposed to the €1.7bn reported in H1 2023. Spectrum maintained that it remains resilient and focused on strategic growth despite this drop. The platform expanded its product range with approximately 1,800 exchange-traded funds (ETFs). Investors…
Read more