Exness celebrates global recognition as a Best Place to Work in 2024 LeapRate

February 23, 2024 BY PureContent

Exness celebrates global recognition as a Best Place to Work in 2024

This acknowledgement underscores the exceptional work environment and remarkable levels of employee satisfaction maintained by the company. This global recognition is a crowning achievement following three consecutive years of obtaining the certificate in Cyprus, between 2021 and 2023. The awarded certificate is based on a rigorous evaluation of a multi-disciplinary range of criteria, such as…

February 23, 2024 BY Simon Mugo

ECB Chief Lagarde Says Q4 Wage Data Is Not Enough for Rate Cuts

Lagarde's comments underscored the delicate balance the ECB aims to maintain in its fight against inflation, which has been a significant concern for economies worldwide. "The Q4 wage numbers are obviously encouraging numbers," she remarked, pointing out that these figures offer a glimmer of hope. However, she quickly added a note of caution, stating, "The…

February 23, 2024 BY PureContent

Tools for Brokers introduces AI assistant for Trade Processor

Trade Processor is a liquidity bridge connecting users to liquidity providers, allowing for handling risks and collecting statistics from several trading servers. Clients can also switch orders between liquidity providers and set up a backup liquidity provider. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The AI-powered assistant aims to offer daily users…

February 23, 2024 BY Elizabeth Anderson

January US property sales achieve a five-month high

The year-on-year comparison, however, shows a 1.7% decline. Based on Reuters data, January sales predictions came to 3.97 million units as opposed to the realised 4.00 million units. As residential resales are only valid after finalising agreements, these totals most likely reflect deals in the two months preceding January 2024. In December 2023, the average…

February 23, 2024 BY Elizabeth Anderson

Reddit strikes AI deal with Google

Reddit issued a statement on its website saying: With this partnership, and via our Data API, we’re ushering in new ways for Reddit content to be displayed across Google products by providing programmatic access to new, constantly evolving, and dynamic public posts, comments, etc., on Reddit. The social network forum also filed its intention to…

February 22, 2024 BY Simon Mugo

Raiffeisen, an Austrian Bank, Is Being Probed for Money Laundering

The investigation focuses on adherence to the critical "know-your-customer" (KYC) regulations, which serve as a fundamental measure against money laundering activities. This development occurs amidst additional investigations by the United States Treasury Department's Office of Foreign Assets Control (OFAC), making Raiffeisen, the leading Western bank operating in Russia, a subject of international regulatory attention. According…

February 22, 2024 BY Simon Mugo

ECB Incurred a Massive Loss in 2023 Due to High Interest Rates

Consequently, commercial banks now receive substantial interest earnings on the vast amounts of money the ECB generated during low inflation. The ECB, the central bank for the eurozone's 20 countries, stated, "The deficit reflects the Eurosystem's roles and the essential policy measures undertaken to uphold its principal objective of price stability. This situation does not…

February 22, 2024 BY PureContent

Merchants embracing Fintech could see revenues hit $1.5tn by 2030

The push to this financial pinnacle is driven by the interaction of Artificial Intelligence (AI) and Generative AI, which has received added momentum due to OpenAI's ChatGPT launch. Fintech steers the way in building tailor-made tools to ensure transaction security, availability, and ease of use for consumers and traders. This development is not only about…

February 22, 2024 BY Elizabeth Anderson

Corporate deals on the rise in Japan

Financial experts believe 2024 may be the year that defines Japan’s mergers and acquisitions era, with a prediction that the numbers and volumes of these deals would surge. Since the start of this year, merger and acquisition volumes increased by 43%, continuing the momentum of the latter part of 2023. That is in stark contrast…

February 22, 2024 BY Elizabeth Anderson

Nvidia sets the pace for tech stock

During after-hours trading on Wednesday, 21 February 2024, Nvidia’s stocks surged by 9.07%. The tech giant currently has a market value of approximately $1.7tn. According to Yahoo Finance, the Goldman Sachs Group Inc. (GS) said that Nvidia’s market performance causes a ripple effect, influencing other tech options. The bank typified this giant as the “most…