HSBC Partners With IBKR For New Global Asset Trading Platform LeapRate

July 16, 2024 BY Elizabeth Anderson

HSBC Partners With IBKR For New Global Asset Trading Platform

A day after HSBC partnered with Visa for a cross-border payment solution, the British financial services group is now working with Interactive Brokers. HSBC will use IBKR’s WorldTrader platform to allow its clients access to a single, feature-rich hub for trading. The new solution will provide customers with trading functionality worldwide. Interactive Brokers executive Steven…

June 11, 2024 BY Robert Bell

Apple Moves into the AI Space with New Tool

It is an entirely new AI-powered tool that will run across the Apple systems to provide a personal approach for each user. Apple will also be integrating ChatGPT into its iPhones and other devices, but it’s not yet clear how this will work or when it will be rolled out. Apple Intelligence will help users…

May 01, 2024 BY Elizabeth Anderson

Eurozone Exits Recession Thanks To Chief Economies

Eurostat, the EU’s statistical arm, reported a 0.3% quarter-over-quarter increase in both the euro area and the EU. During Q4 2023, GDP reflected a 0.1% decrease. Analysts attributed this positive uptick to expedited growth in the four chief economies in the Eurozone. Year on year, consumer prices increased by 2.4% in April 2024, mirroring the…

April 30, 2024 BY Robert Bell

Coca-Cola To Offer IPO For African Bottling Division

Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…

April 30, 2024 BY Elizabeth Anderson

Getir Exits Europe And US To Concentrate On Local Market

Compared with the company’s recent expansion, this move seems like a sudden and contradictory shift. Getir’s business spiked during the pandemic years and caught the attention of prominent investors. According to Reuters, the company was valued at roughly $12bn approximately two years ago. Following its success, Getir expanded its footprint in Western Europe and New…

April 25, 2024 BY Elizabeth Anderson

Biogen Reaps Profits On The Back Of Cost Cuts

Economists attributed this positive performance to the biotechnological company’s cost-cutting drive and an uptake in sales of its newly-launched Alzheimer’s drug, LEQEMBI. Analysts predicted that the sales of this treatment would be between $13mn and $30mn. Biogen’s Q1 sales of LEQEMBI, as noted by its Japanese partner, Eisai Co., Ltd. (4523.T), were $19mn. Don’t miss…

April 23, 2024 BY Elizabeth Anderson

Tesla Cuts Prices In Major Markets

This comes after earlier price cuts in the US in the wake of tougher competition, especially since BYD, the Chinese EV maker, overtook Tesla as the foremost EV company globally. Earlier this month, the company’s Q1 financials reflected a drop in global vehicle deliveries – the first in approximately four years. Elon Musk, Tesla’s co-founder…

April 22, 2024 BY Elizabeth Anderson

Blackstone ups its Proposal in Bidding War for Hipgnosis

This offer comes after Hipgnosis – a London-listed music rights investment firm – accepted Concord’s proposal. The latest Blackstone tender is the fourth augmented bid and was made on Saturday, 20 April 2024. It reportedly outstrips the Concord offer by about 7%. The latter proposed a takeover price of $1.16, which Blackstone countered with an…

April 18, 2024 BY Elizabeth Anderson

Persistent high inflation may extend possibility of BoE rate cuts

According to data published by the Office for National Statistics on Wednesday, 17 April 2024, consumer prices increased by 3.2%, which is slightly less than the recorded 3.4% in February 2024. These records further indicated that core inflation, which does not include food, energy, or tobacco, dropped from 4.5% to 4.2%. A Reuters poll predicted…

April 17, 2024 BY Robert Bell

Johnson & Johnson Shares Drop After Mixed Results

The share price dropped by more than 2%, while the overall S&P 500 declined by just 0.2% on the same day. JNJ reported sales of $21.38bn in the first quarter of 2024, which represents a 2% increase on a year-on-year basis. The firm’s net income rose by close to 4%, giving a total of $6.58bn,…

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