Arnault is the richest man in Europe, with the title of chief executive and chairman of LVMH. His new stake in CHF is said to be relatively small and so far has been classed as a personal investment. Despite this, the news has caused some analysts to suggest that he could be planning a takeover…
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Over 15,000 auto dealers across North America use the CDK software, and several were impacted by the hack. Among them is AutoNation, Inc. (AN), a US-based automotive retailer, which indicated that the breach and system downtime affected its business. Despite the disruption, the trader continued to sell, service and buy vehicles. Reuters quoted the company,…
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Financial experts have found the timing of this IPO filing odd as the company is still waiting on approval from Chinese authorities. This potential listing could attain a value of roughly £50bn and would likely be one of the biggest in London in 10 years. The filing is an application and does not mean automatic…
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AERL has already been forced to cancel over 200 flights, which led to disruption for more than 35,000 passengers, as the dispute ramps up. The Irish airline’ pilots taking the action are part of the Irish Air Line Pilots’ Association (IALPA). They’re looking for their pay to be increased by 24% to take into account…
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John’s extensive background includes significant roles at NatWest Markets Plc and Euronext FX Inc., formerly FastMatch. His deep understanding and seasoned oversight have been honed through his exposure to all facets of the FX asset class, including operations, risk management, and sales functions. John’s prior position was as Director for EMEA FX at TraderTools. He…
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Recent reports suggest that a monthly fee of between $5 and $10 will be charged in an attempt to finally turn Alexa into a profitable part of the AMZN empire. It’s been suggested that the new charge may be introduced at the same time the assistant is renamed Remarkable Alexa. This updated version of the…
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These sought-after awards signify a company’s commitment to financial ethics, innovation and progress. Interested parties, which included investors, brokers, liquidity providers and fintech pioneers, attended the iFX EXPO International 2024 from 18 June 2024. The UF awards ceremony concluded the event on 20 June 2024. XS.com received acknowledgement as broker of the year, while FXView…
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Many analysts predicted that Dubai’s spike in property purchase and rental prices would start to abate or fall by 2024. However, these assumptions did not materialise. Bloomberg quoted the head of research at CBRE Group Inc. (CBRE), Taimur Khan, who stated: Prices are continuing to rise and the transient nature of Dubai seems to be…
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He wrote a letter to the US Department of Justice in which he suggested that the $25bn fine is legally justified and clearly appropriate for what he called “the deadliest corporate crime in US history”. However, Cassell went on to say that the figure could be lower if Boeing boosts its safety measures and agrees…
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In a Reuters poll, two-thirds of economists predicted this interest rate decrease. The Swiss franc (CHF) buckled somewhat after this announcement and was down 0.3% against the EUR and 0.5% against the USD at one stage. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The SNB’s predictions peg inflation at 1.3% for 2024,…
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