The country’s growing digital economy, which is expected to reach a notable $1trn by 2026, spurred this move. Research conducted by JLL, an international leader in commercial real estate and investment management, showed that the Indian data centre sector reached 637MW during the first half of 2022, with an expected growth of up to 1,318MW…
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Citigroup Global Markets will handle this offer, which follows a tiered structure that rewards early engagement. This entails a premium of $645 for every $1,000, or 64.5 cents per dollar, of a bond’s value for those selling their bonds before 18 August 2023. The deal includes a special early-tender premium of $30. Don’t miss out…
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In acknowledging the oversights, these firms forked out a combined $289m to pay their respective penalties as per the outline below. $125m penalty payable by Wells Fargo Securities LLC, together with Wells Fargo Clearing Services LLC and Wells Fargo Financial Network LLC. BNP Paribas Securities Corp. and SG Americas Securities LLC each paying penalties of…
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Although the dollar has now recovered from a one-week low, the lack of job creation paired with wage gain and a seemingly decreased unemployment suggests that the Federal Reserve may keep interest rates higher for longer. Chief Market Analyst at KCM Trade, Tim Waterer noted that the increase in hourly earnings is a stark reminder…
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The FCA licence signifies an important milestone for the company, which has been in business for approximately 10 years. It allows Edgewater Markets to expand its reach and include more clients on its platform. The company can now offer services such as liquidity provision, technology solutions, foreign exchange, commodities, and derivative products to UK clients.…
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This caution emphasises that the FCA has not authorised or registered the listed entities and, in conducting business with or through them, customers may be at financial risk. On its website, the FCA reminds businesses and consumers alike that operating without this regulatory body’s consent is unlawful in the UK. The organisation also draws attention…
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Last week the Reserve Bank of Australia’s decision to hold at 4.1% came as a surprise to many participants given that a single hike was priced in. The Australian dollar made losses against most major currencies in the aftermath. The Bank of England delivered with another single hike, taking the bank rate to 5.25%. This…
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Analysts from Bank of America predict that the Bank of England will hike interest rates again in September due to the Monetary Policy Committee’s (MPC) June 2023 vote, which set new policy to meet the 2% inflation target by the end of 2023: a target which hopes to curb unemployment and economic decline. Don’t miss…
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60 industry leaders gathered to discuss ideas and address difficulties pertaining to investment possibilities, funding inclusivity, and reforms in the capital market. Topics included focusing on capital market promotions to grow the domestic-centred issuer pipeline, strengthen market vitality, increase the investor pool, and expand leverage efforts for the sustainability of Malaysia’s leadership in the Islamic…
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Experts predict this niche will be worth trillions in years to come. As such, the market attracts more and more investors, and most think tech giants are the answer to getting one’s hands on a slice of the AI share pie. Although it is true that exchange-traded funds (ETFs) focusing on stocks such as Microsoft…
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