Taking place on 16-18 January 2024 at the Dubai World Trade Centre, Za’abeel Hall 6, iFX EXPO 2024 is set to be the largest industry event in the Middle East, featuring over 100 speeches and over 3,500 attendees. The event is renowned for its engaging content, networking opportunities and valuable business tools aimed at assisting…
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Ashmore’s CEO Mark Coombs noted the uptick in investment performance in Q4 of 2023 as talk of cuts spread across markets. According to Yahoo Finance, Ashmore’s funds managed to offset negative flows of $1.6bn in Q4 and gained a positive investment of $3.9bn in the same period. Coombs noted: Emerging Markets delivered good returns and…
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Set to take place in Manhattan’s federal court on Wednesday, 17 January, the SEC states that Coinbase “violated national securities laws” by selling 13 unregistered crypto tokens. Its second accusation notes that Coinbase did not register its staking-as-a-service (StaaS) program, a method of verifying cryptocurrency transactions that rewards participants on their holdings. Coinbase, on the…
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BAC’s Global Markets segment, which provides a range of equity and debt-related services, performed well. Sales and Trading revenue rose 3% to $3.6bn while Equities revenue spiked 13% to $1.5bn. However, Fixed, Income, Currencies and Commodities revenue dropped 4% to $2.1bn. The overall report was mixed as BAC’s earnings per share of 70 cents beat…
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The bank has confirmed that Cristina Alba Ochoa will assume the role of interim CFO starting January 15. Meanwhile, the search for a permanent replacement for Hopkinson is underway. Following this news, Metro Bank's shares opened 1.5% lower but later saw a smaller decline of 0.3% by 0910 GMT. The bank’s stock experienced a 69%…
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The two regulatory bodies have declared their intention to establish a system that will more effectively address the financing requirements of real estate projects. This initiative is geared towards fostering stable growth within the housing sector, as detailed in a joint statement they released last Friday. Since mid-2021, China's real estate industry has been struggling…
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Fraser has initiated a multi-year plan aimed at reducing administrative complexity, enhancing profitability, and improving the performance of the company's stock, which has historically underperformed compared to its counterparts. For the quarter ending December 31, Citigroup reported a loss of $1.16 per share. This result was negatively impacted by $3.8 billion in charges and reserves,…
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The reductions come at a time when tensions between ECB officials and the market are high. Investors, however, continue to predict rate cuts as soon as March/April this year; policymakers are opting for what they term a more realistic timeframe of mid-year. Market and authority attention will now be fixed on Chief Economist Philip Lane,…
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This Thursday, 11 January debut follows a day after the SEC approved direct investing in bitcoin. In total, the regulator approved 11 ETFs, steered by financial wealth managers such as BlackRock Inc. (BLK), Fidelity Investments (FBTC), and the Grayscale Bitcoin Trust (BTC). Bloomberg reports that approximately $4.6bn did the rounds after a fierce first day…
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According to Reuters, Chinese policymakers are relieved about the uptick in global trade as it could signal lower borrowing costs. Others, however, are quick to point out that the second-largest global economy still faces issues in its property market, overly careful consumers, and geopolitical hurdles that may hobble any gains. The year-on-year December comparison between…
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