Euronews reported on 25 April 2024 that Anglo American, a UK-based mining enterprise, had rejected BHP’s €36bn takeover bid and indicated that it was not in the interest of its investors. BHP is the world’s largest miner and Anglo American’s steepest competition. According to a Bloomberg report on Thursday, 2 May 2024, the deployed executives…
Read more
The IPO valued the cruise operator at $11.3bn, with over 431 million shares outstanding. By raising $1.54bn, the company had the most successful US IPO of 2024 so far. The IPO was underwritten by companies including J.P. Morgan, UBS and BofA Securities. Don’t miss out the latest news, subscribe to LeapRate’s newsletter VIK operates 92…
Read more
AMD’s GAAP quarter-over-quarter revenues dipped by 11% and, according to Reuters, SMCI’s revenue dropped by 16%. Super Micro Computer’s stock jumped by 150% earlier this year and outstripped Nvidia Corporation (NVDA) (the frontrunner in the chipmaking sector) gains at certain times. Queries about a new range of servers contributed to the bleak SMCI Q3 performance…
Read more
These fraudsters reportedly zoom in on providers with no digital footprint. According to ASIC, they clone the disclosures, addresses, International Securities Identification Numbers (ISINs) and other official registration information of a targeted financial company. ASIC further indicated that the scams involve mirrored investment maturity dates, coupons and credit ratings. Apart from lesser-known organisations, these confidence…
Read more
Nick is a highly recognisable figure in the financial services industry. As the previous APAC CEO for FP Markets, GM for IC Markets and Chief Operating Officer at Rakuten Securities Australia and he solidified his reputation as a Forex Trading and broking industry expert. In addition to his extensive professional experience in the broking space,…
Read more
The virtual token regained some ground on Monday, 29 April 2024, after a loss of 1.51% on the previous day. Ripple filed a motion to strike the testimony of SEC accountant Andrea Fox. The regulator opposed this motion and categorised Fox as a summary witness. The objection read: Ripple incorrectly claims this declaration constitutes undisclosed…
Read more
The fast-food chain saw sales growth in its restaurants that opened more than a year ago reach a disappointing 1.9% rather than the 2.33% that had been widely predicted. This figure was 12.6% in Q1 2023. MCD suffered with all its geographic regions failing to meet expectations, though some good reasons were given for this.…
Read more
Eurostat, the EU’s statistical arm, reported a 0.3% quarter-over-quarter increase in both the euro area and the EU. During Q4 2023, GDP reflected a 0.1% decrease. Analysts attributed this positive uptick to expedited growth in the four chief economies in the Eurozone. Year on year, consumer prices increased by 2.4% in April 2024, mirroring the…
Read more
Initial reports suggest that it could be valued at $8bn, but the company hasn’t officially commented on the matter, and negotiations are said to be at a very early stage. The IPO for Coca-Cola Beverages Africa (CCBA) could take place as early as 2025. Coca-Cola noted in its earnings report for Q3 2023 that it…
Read more
Compared with the company’s recent expansion, this move seems like a sudden and contradictory shift. Getir’s business spiked during the pandemic years and caught the attention of prominent investors. According to Reuters, the company was valued at roughly $12bn approximately two years ago. Following its success, Getir expanded its footprint in Western Europe and New…
Read more