Binance has a controlling stake in the crypto exchange. According to Cointelegraph, the Korea Economic Daily reported that Gopax “owes a total of 70 billion South Korean won ($51.4 million) to its users stemming from exposure to failed institutional crypto lending firm Genesis Global”. Despite Genesis’s downfall in November 2022, the affiliated unpaid digital assets…
Read more
Based on CNBC information, the leader of the Bank of Finland and council member of the ECB, Olli Rehn, said that Euro bloc inflation is decreasing steadily. Data reflected an April 2024 inflation rate of 2.4%. This means that it has been below 3% for seven months straight. Don’t miss out the latest news, subscribe…
Read more
The plans are said to still be at an early stage, with the exact details of where the site will be located and how big it will be yet to be decided. AWS entered the cloud business in Italy in 2020 and currently has clients like Assicurazioni Generali and Ferrari. The initial plan involves investing €2.2bn…
Read more
He said that BA had to burn its way through $3.9bn of its cash reserves in Q1 as it was affected by heavier operating costs as well as revenue being lowered through making fewer plane deliveries. The result could be that Boeing ends up in a negative cash situation in 2024. Earlier cash projections had…
Read more
Trade regulators in Brussels stated that, based on the findings of an examination of Chinese government subsidies, they could revise the current import costs of Chinese-made electric vehicles (EVs). Ursula von der Leyen, the European Commission president, said that it would be a bespoke investigation and any duties would align with the “level of damage”.…
Read more
IC Insights powered by TipRanks, taps into cutting-edge tools like News Sentiment, Investor Sentiment, Analysts Ratings, and Trending Stocks to help clients make data-driven decisions, all at no cost. The News Sentiment tool aggregates sentiment and buzz from over 130 financial news websites, offering IC Markets clients unique insights into the bullish and bearish sentiment…
Read more
According to the Eurex press release, this is part of the Spanish financial institution’s expansion of its FX futures trade and highlights current trends toward listed FX business. Banco Santander (SAN) underpins this expansion as the clearing member and Deutsche Bank (DB) as the liquidity provider. Don’t miss out the latest news, subscribe to LeapRate’s…
Read more
Its new funding efforts were led by Index Ventures and could be taken as a sign that investors remain keen to put large sums of money into the AI space. ICONIQ Growth and Teachers’ Venture Growth, Atomico and WiL all took part in the funding round. DeepL aims to use this cash to carry on…
Read more
According to Bloomberg, an anonymous source familiar with the matter said that the city-state “tapped the market” for $2.5bn SGD and fixed a 3.3% yield for this bond. Based on data compiled by Bloomberg, governments and companies have sold green bonds for an unprecedented value of $260bn since the start of the year. This is…
Read more
In mid-April 2024, Elon Musk, the electric vehicle (EV) maker’s CEO, indicated that the company would reduce its workforce by 10% in response to global economic pressures and a decrease in demand. At this time, Musk stated this is a “difficult decision” as the company employs more than 140,470 workers. He wrote: There is nothing…
Read more