According to a Reuters view on the matter, these losses can be chalked up to a decrease in investor interest as they look for higher returns in other investment possibilities. For this year, Aurum indicated multi-strategy hedge funds performed the best with a 5.9% positive return. Credit hedge funds took second place, recording a 5.6%…
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US District Attorney Damian William noted: Amir Elmaani violated the duty he owed to pay taxes on millions of dollars of cryptocurrency profits, and he also violated the trust of investors in the cryptocurrency he founded. In October 2017, Elmaani promoted a cryptocurrency called Pearl, with marketing campaigns geared toward investors looking to purchase data on…
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The NAB announced this move after regulators emphasised the need for better banking facilities for indigenous customers. Australia’s corporate regulator found that banks failed to accommodate First Nations people with low-fee accounts. The gaps identified include better access to finances and quality of life. Don’t miss out the latest news, subscribe to LeapRate’s newsletter In…
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Tuesday saw the currency’s foremost one-day drop since April. This move followed the BOJ’s disappointing attempt to cap bond yields. Masato Kanda, the top currency official at the Ministry of Finance, emphasised: We’re on standby. But I can’t say what we’ll do, and when – we’ll make judgments overall, and we’re making judgments in a…
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Jim Leaviss, Chief Investment Officer for Public Fixed Income at M&G, noted: It feels like the market is anticipating a modification to yield curve control and is starting to price that already. However, industry experts at Barclays anticipate that the BoJ may scrap yield curve control entirely this week after a damaging start to the…
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Since successfully closing the $59.9bn merger with Pioneer Natural Gas, Exxon had its feelers out for a new shale top dog. Cahir, who was at the helm of this segment from July 2020 to April 2022, now steps back into this position from 1 November. Experts believe this side of Exxon’s business will expand in…
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In the follow-up to this initial paper, the Government indicated it plans to regulate several cryptocurrency dealings according to the same rules used for banks and financial services companies. UK Financial Services Minister, Andrew Griffith, said: I am very pleased to present these final proposals for cryptoasset regulation in the UK on behalf of the…
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BoJ, the Fed and the BoE on the Radar The BoJ is anticipated to remain on hold at -0.10%, though a potential change in forward guidance and a tweak to the yield-curve-control programme are on the table. The central bank’s quarterly outlook will also be critical for many: the BoJ’s projections for growth and inflation.…
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The weekend just before Halloween is a crucial one for those in the candy business when companies such as Hershey (HSY) hope customers will stock up on their sweet treats to meet targets. A successful Halloween run is especially important in light of soaring cocoa prices that are hobbling chocolate sales. Don’t miss out the…
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This trust currently holds a value of approximately $1.6bn. In the filed lawsuit, Gemini petitions the court to cast a ruling stating Genesis has no right to the GBTC shares earmarked as collateral to users of the Gemini Earn product. Genesis or its partners still holds most of the shares in question. Gemini feels these…
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