Today’s report comes after an initial assessment in July that focused on retail competition in the grocery sector. The assessment identified ten product categories, including milk, baked beans, and baby formula, for further analysis in the second phase of work to gain a deeper understanding of competition across the supply chain, focusing on own-label and…
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However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…
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Worldline CEO Lee Jones stated he is “proud” that the financial services company, which is based in France and founded 50 years ago, has been awarded the license. The company now wants to expand its presence in the UK at a time when many others have struggled to adapt to the complexity of regulations following…
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BDO said that $477m of its top line was at risk of being “materially misstated”; an evaluation that Revolut was unhappy with. Execs were also dismayed at the reaction to these remarks in the media. The Standard claims Revolut even instructed independent lawyers to try and change the media narrative. It appears that the debit…
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Additionally, Barclays is considering streamlining its investment division, which might result in the departure of thousands of investment banking clients who have relatively low capital. The move towards cost savings and restructuring is driven by Barclays' desire to boost revenue and significantly reduce costs. This decision comes after reports of declining investor confidence in the…
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Nasdaq’s new contractual options are based on the exchange-traded products of the United States Oil Fund, SPDR Gold Shares, iShares 20+ year Treasure Bond ETF (TLT), United States Natural Gas Fund and iShares Silver Trust. The short-term options market is well built for stock index products, and, while it has historically been the case that…
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The AUD/USD pair was hovering around the 0.6625 level while approaching its highs from early August. This upward trajectory can be attributed to various factors influencing the currency market. Australia's Retail Sales, a vital indicator of consumer spending, posted a decline of 0.2% for October, falling short of market expectations of a 0.1% increase and…
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M2, the Abu Dhabi-based trading platform, announced its new partnership in a bid to supply UAE customers space to trade virtual assets. While M2 became a fully regulated Multilateral Trading Facility (MTF), eToro was granted Financial Services Permission (FSP) and is now a registered crypto assets broker. Key differences between the MTF and FSP statuses…
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Customers in Brazil will now be able to access OKX’s leading crypto spot and derivatives exchange. Sacamone noted: We know that Brazilians expect fast and liquid trading, along with a secure self-custody wallet solution, all in one app. The local exchange is likely to be popular with traders in the region; research by Chainalysis found…
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The company's impressive financial results underscore its commitment to providing innovative solutions to its growing customer base. In the latest financial highlights, UP Fintech witnessed a remarkable 26.6% year-over-year increase in total revenues, reaching an impressive $70.1 million. Meanwhile, net revenues also experienced notable growth, rising by 13.5% to $58.0 million. The standout achievement, however,…
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