At one stage, the Bitcoin price reached $52,328.53, the highest in over two years. This 5.56% increase took the virtual currency’s market cap to $1,026tn. Reuters indicated that, since the start of this month, the Bitcoin price rose by 22%. LSEG Lipper data shows recent capital inflows of $1.64bn into the US spot Bitcoin ETFs…
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They emphasise that any potential policy relaxation remains more distant than market participants anticipate. Current market expectations have adjusted to anticipate 113 basis points in rate reductions this year, a decrease from previously anticipated 150 basis points, with the initial adjustment forecasted for either April or June. Speaking at a conference in Split, Croatia, de…
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An internal communication, initially disclosed by Bloomberg News and subsequently verified by Reuters, revealed that Santander's global head of communications announced the bank had undertaken an extensive examination of connections to entities and individuals mentioned in the FT report. The investigation concluded that there were no sanctions breaches within any segment of Santander's international operations.…
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This sudden change in the rate cut timetable expectations has impacted treasury yields, with the yield on two-year Treasuries, which is sensitive to interest rate expectations, rising to 4.62%. The increase in borrowing costs, in turn, has caused bond prices to fall and led to a decline in interest rate futures. Richmond Federal Reserve Bank…
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It said this more rigid rule bridges regulation gaps, which paves the way for criminal financial dealings. FinCEN indicated that it had identified several finance and national security risks within the investment advisory sector. As an entry point for investments in US securities, real estate and other assets, these risks open the doors for local…
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Many fear that this will negatively impact forex (FX) trades. Bloomberg reported that these currency transactions need about two days to go through and would now have to speed up, which may cause currency bottlenecks at the day’s end and botch some trades. CLS Group Holdings AG, a world leader in FX settlements, indicated that…
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In recent years, the Australian banking sector has consistently pushed towards digitisation and automation, aiming to streamline operations and enhance customer service. This shift has led to reevaluating staffing needs, particularly in back-office roles increasingly being augmented or replaced by advanced technologies. While ANZ has refrained from officially confirming the exact number of job reductions,…
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The situation arose after the United States, along with its allies, imposed restrictions on dealings with Russia’s central bank and finance ministry following President Vladimir Putin’s decision to deploy troops to Ukraine in 2022. These measures effectively immobilised approximately $300 billion of Russia’s sovereign assets in Western countries. On Monday, the European Union announced the…
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The move follows a recent announcement that Bezos is set to sell between 50 million and 75 million shares over the next 12 months. Investors now buying Amazon shares are essentially betting against Bezos as he has become a ‘big seller’ of the stock. Jeff Bezos became executive chairman of Amazon in 2021 after stepping…
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Saras’s Sardinia industrial facility is the largest single-site refinery in the Mediterranean. It produces approximately 300,000 barrels per day to feed supply chains in Italy and Europe. The site’s fully integrated power generation plant supplies more than 40% of Sardinia’s electricity. Bloomberg indicated that Vitol increased its bottom lines as the COVID-19 pandemic and Ukraine…
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