The increase in the participation rate resulted in the jobless rate ticking up from 3.8%, as the estimated 61,500 new jobs created in November were insufficient to maintain the previous unemployment rate. Although the jobless rate rose to 3.9% in November, the highest since April 2022, investors will likely prefer to focus on the surge…
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In a press statement, Alejandro Stipanicic, President of ANCAP, emphasised that it is the first time all offshore areas will have active contracts. The imminent signing of the OFF-3 area contract with Challenger Energy is anticipated in the coming weeks, pending approval by the executive branch of the ANCAP. The renewed interest in offshore exploration…
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A key prediction for 2024 is expanding brokers’ services beyond just access to the US market. Brokers will likely offer global stock and ETF trading and diversify into various asset classes. This shift is partly a response to declining broker revenues due to the push for zero commissions during the pandemic and increasing operational expenses.…
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Andrew Ralich, the CEO of oneZero, highlights that these developments are part of four key themes planned for the next year. These include advancements in artificial intelligence (AI) for analysing foreign exchange (FX) data, strategies to capitalise on market flow, and adapting to the T+1 settlement shift in North America. Ralich emphasises the importance of…
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Machinery and precision instrument stocks led the minor increase in the market as the US dollar briefly climbed to the 146-yen mark in Tokyo. Investor response to the Tankan survey indicates that the latest US inflation data might not be enough to spur the US Federal Reserve to initiate interest rate reductions soon, much to…
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In response to Venezuelan President Nicolás Maduro's proposal, ExxonMobil Guyana released a social media statement reiterating its dedication to Guyana and its intention to continue expanding production offshore in accordance with its agreement with the Guyanese government. Venezuela's push for the withdrawal of companies operating in the Essequibo region, known for its mineral wealth and…
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Closely held companies commonly use tender offers to provide employees an opportunity to unlock the value of their holdings before an initial public offering (IPO). It was reported last week that SpaceX was discussing selling insider shares at $95 each. SpaceX is projected to generate about $9bn in revenues from its rocket launch and Starlink…
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Achraf Drid, CEO of XTB MENA, highlighted that fractional shares lower entry barriers for Middle Eastern customers interested in stock investments. XTB's goal is to cultivate an equity culture where private investors of any portfolio size can invest in companies they believe have significant growth potential. Before the introduction of fractional shares, certain high-value stocks…
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This concern emerged following an FCA survey involving 42 investment platforms, which revealed that a majority retain a portion of the interest accrued on customer cash balances. The FCA's findings indicate that 71% of these platforms keep some of the interest, with retention rates ranging from 10% to 100%, averaging around 50%. Additionally, 61% of…
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According to a press release, Citi’s cross-border payment solutions will help the fintech expand across Colombia, with a potential reach into other neighbouring countries. Supra has also received backing from early-stage capital investor Far Out Ventures and the early-stage capital management fund H2O Capital Innovation. Don’t miss out the latest news, subscribe to LeapRate’s newsletter…
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