December 12, 2023 BY Elizabeth Anderson

FP Markets set to sponsor Cricket Brasil Youth Development Programme

In a press release, ICC Americas (an international cricket administrative body spanning across the Americas) addressed the positive impact of this new sponsorship on community engagement, ethical business practice and social initiatives. ICC Americas noted how FP Markets’ donation and support of youth development will empower young children and adolescents through education and physical activity.…

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December 11, 2023 BY Elizabeth Anderson

Macy's department store considers $5.8bn investment offer

At the close of Friday 8th December’s market, Macy’s shares were trading at $17.39. The investing group, however, have offered $21 per share, higher than current prices but far lower than 2015 when the store’s shares hit $70. A spokesperson from Macy’s noted the slowdown of in-store spending, and the rise of online purchases which…

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December 11, 2023 BY Elizabeth Anderson

FCA lacks “specialist skills” to regulate crypto says UK watchdog

A report found that around three-quarters of people in senior positions at the FCA have been in their respective roles for less than four years. The lack of experience across senior leadership has contributed to struggles in straightening out crypto regulations and clamping down on illegal crypto-related activities. Don’t miss out the latest news, subscribe…

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December 08, 2023 BY Elizabeth Anderson

Robinhood launches crypto trading app in the EU

Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…

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December 07, 2023 BY Elizabeth Anderson

Broadcom shares exceeding expectations for 12 consecutive months

Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…

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December 07, 2023 BY Elizabeth Anderson

CME Group to launch new spot FX marketplace next year

CME Group has cemented its position as a leading global financial derivatives marketplace in recent years. It operates a range of trading markets, including mercantile exchanges in Chicago and New York. The new all-to-all spot FX marketplace will build on its existing infrastructure and expertise to deliver a feature-rich experience for customers. They will, for…

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