Net income for the full fiscal year came in at $207.1 million, registering a 78% rise compared to FY21. The New York-headquartered Group' s basic earnings per share stood at $2.58, and the diluted ones was 2.49. They were 597% and 592% up, respectively. For the full year, basic earnings per share $10.27 and diluted…
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The Singaporean regulator’s statements follow the sudden quick collapse of FTX which began with a liquidity crisis, a failed bailout, which Binance backed out from, and an over $600 million hack, forcing the crypto exchange to file for bankruptcy in the US. After the former CEO and founder of FT, Sam Bankman-Fried, was replaced, the…
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On the technical analysis point of view the price is currently trading around the $1,740just above the 61.8% of the Fibonacci retracement level. With a bear flag formation forming in the last 4 days we might see some continuation to the downside with a very strong area of support around the $1,712 price area which…
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Sarah Pritchard, executive director of markets at the FCA, said: Some product design features could be contributing to problematic, even gambling-like, investor behaviour. We expect all firms that offer stock trading to consumers to review and, where appropriate, make improvements to their products based on these findings. They should also ensure they are providing support…
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FinTech Acquisition Corp. V was set up by well-known financier Betsy Cohen. The SPAC company and eToro announced their proposed merger in March 2021. The estimated implied equity value of the merger was initially at $10.4 billion, but was later taken down to $8.8 billion. The merger was terminated as the Israeli retail broker and…
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European Shares European benchmarks opened mixed on Monday, continuing the trend started by Asian shares overnight, as market sentiment starts a new trading week under pressure. Risk appetite is on the downside this morning as investors digested the latest virus development from China where rising Covid deaths are sparking worries of tighter restrictions in the…
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Octavian Pătrașcu, the founder and CEO of CAPEX.com, commented: Now that we are ready to launch our cryptocurrency division in the Middle East, we are one step closer to becoming a complete trading app that offers multiple verticals in the financial services in different regions. We are happy to see that the markets are becoming…
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IQ Option highlighted its hopes of that the collaboration turns into a “long-term partnership” allowing both the broker, and Davis Cup brings to grow and expand. IQ Option said: IQ Option and the Davis Cup have common values: precision, resilience and consistency. Moreover, they have similar goals: creating the best conditions for people to excel,…
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Daire Ferguson, AvaTrade CEO, commented: Our partnership with Capitalise.ai is just further proof of our ongoing commitment to our traders, as we continue to provide them with innovative ways to trade, apply strategies and make every trade easier to accomplish, ensuring that everyone can become a trader. The newly announced collaboration will allow AvaTrade clients…
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European Shares European shares edged higher on Friday, despite Asian markets closing mixed as uncertainty rises at the end of the week. Market sentiment towards riskier assets was put under pressure at the end of the US trading session on Thursday after traders witnessed FOMC officials playing down hopes of a pause or pivot from…
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