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…
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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…
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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…
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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…
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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…
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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…
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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…
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The central bank stated, "Despite ongoing supervisory efforts by the Bank of Russia, Qiwi Bank failed to implement adequate risk mitigation measures and persisted in engaging in high-risk activities." Qiwi, a payment service provider listed on Nasdaq, acknowledged the license revocation, noting that temporary management had been appointed to the bank. The company communicated via…
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Based in Australia, the firm has also expressed scepticism towards the demo trading models commonly adopted by proprietary firms, contrasting them with Axi Select's approach of providing live trading opportunities to its clients. Greg Rubin, Head of Axi Select, commented on the situation, stating, "This could mark the start of a decline for the demo…
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ATFX MENA is a subsidiary of ATFX Capital Group Limited, a UK-founded derivatives broker regulated in various countries, including the United Arab Emirates, Seychelles, the United Kingdom, Mauritius, Australia, and Cyprus. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Singh has significant experience working in the financial industry in roles with companies like…
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