At a stage, brent crude was down 1.63% at $1.30 per barrel. US West Texas Intermediate crude clocked a 1.60% or $1.19 loss. Reportedly, in November, OPEC proposed cutting Angola’s 2024 production quota, which is approximately 1.1 million barrels per day. Reuters quoted a UBS analyst who commented: From an oil market supply perspective, the…
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With these advancements, CFI aims to transform the landscape of online trading by introducing new, innovative tools and approaches. These developments address traders' most pressing challenges, including managing risk, controlling emotional decision-making, simplifying access to critical trading information, and enhancing automation in trading activities. The AI Assistant is envisaged as a vital ally to traders,…
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Data shows fluctuating market highs and lows put many global hedge funds on the back foot. Moves, such as losses when trading on macroeconomic events drew the shortest straw due to the unanticipated rebound in government bonds. Other investments, such as those related to US tech stocks, hit their marks. Compared to hedge fund performances…
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The markets are eager to see the November core personal consumption expenditure (PCE) price index report, due early this afternoon, which will disclose the Fed’s take on underlying inflation. Having said that, Fed officials deflected the notion of quickfire rate cuts in Q1 2024, but this does not seem to have deterred the market outlook.…
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This alliance is set to strengthen regulated FX flows and improve the functionalities of FlexFX within FlexTrade's buy-side multi-asset trading platform. FXall, a part of LSEG, offers trading and FX workflow solutions, allowing access to liquidity from over 200 bank and non-bank market makers. Its global licensing and dedicated compliance teams position it as a…
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Copilot, an AI-powered conversational assistant, helps eToro’s customer service agents quickly compose and translate emails, leading to faster response times and clearer communication. This tool enables agents to efficiently address complex customer queries, thus elevating the overall quality of service. Einstein GPT, another innovative AI tool from Salesforce, automates real-time chat responses. As the first…
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This recall affects 2020 to 2022 hybrid models such as the Avalon, Camry, Corolla, RAV4, Lexus ES250, ES300H, ES350, RX350 Highlander, and Sienna versions. One million of these are in the US alone. Reportedly, the sensor fails to deploy the airbag if a child or small adult sits in the front seat. According to Sky…
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In April 2022, WarnerMedia completed its $43bn merger with Discovery, securing better tax advantages and creative licensing. As a result, Warner Bros CEO David Zaslav will face heavy tax implications if he chooses to engage in any merger before April 2024 (two years after the original merger). While a potential merger between the two studios…
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This is the third loan payout under Zambia’s $1.3bn extended credit facility, which the IMF approved in August 2022. The African country backslid on its debt approximately three years ago when the pandemic ruined its restructuring plans. Reportedly, the country hit a major roadblock with its creditors in November. The lenders questioned the comparable debt…
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Integrating Onfido's advanced AI-driven identity verification technology is set to bolster security, reduce fraud, accelerate the onboarding process, and ensure adherence to diverse regulatory standards. With Onfido's sophisticated document and biometric verification solutions, Admirals will be able to authenticate user identities more effectively and identify fraudulent activities during the onboarding phase. This enhancement is expected…
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