Luka Mucic, CFO of SAP SE said: Deutsche Börse and SAP are contributing their industry-specific expertise to this project in partnership, thus paving the way for digitalization. Powerful yet flexible IT is the key to meeting the growing demands of the highly regulated financial industry now and, above all, in the future. Deutsche Börse has…
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EUROPEAN SHARES European shares drifted lower on Thursday alongside Asian equities and US Futures on the S&P 500 as market sentiment slowly fades. Investors, who were already sceptical about further gains on stocks, have seen their risk appetite slashed by yesterday’s comments from Jerome Powell. The Fed chairman added to the current uncertainty by warning…
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Hemington is based in London and reports directly to Joanna Nayler, Chief Legal and Governance Officer, who joined the company in March. Before joining IG Group, Hemington worked for Teach First since 2017. There he managed many of the charity’s most important private sector partnerships. Hemington is a qualified lawyer, he began his career at…
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What to watch Brookfield Asset Management: Alternative investments giant Brookfield reports its Q1 2020 earnings today, investors will be looking for insight into how the firm is deploying assets to make opportunistic acquisitions during this volatile period. This week, the firm announced that it is setting up a $5bn fund to take stakes in struggling…
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Wassim Khateeb, Head of Business Development at FXCubic, remarked: We are incredibly pleased to be adding Libertex to our continuously expanding family of partners. Each partner brings new challenges but also gives us the opportunity to learn and better ourselves, helping us move forward towards our goal of becoming an internationally recognised leader within the…
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Head of Synergy Markets, Christian Dove commented: I know many retail customers out there are desperate to benefit from what they see as huge opportunity to trade crude oil at these low prices. However, I advise – if you intend to trade oil, then please do so with great caution. I think we could easily…
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GOLD Volatility on gold remains modest with the spot price continuing a slow dance just above the threshold of $1,700 while traders await fresh directional input. Despite European stocks in red this morning, investors are not rushing to buy gold, meaning that they don’t see this correction on stock markets as a reaction to April's…
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FTSE 100 gains as furlough scheme extended Large cap London-listed stocks enjoyed a positive day yesterday, with the UK market closing before the US sell-off began. Helping sentiment was the news that the Treasury’s furlough scheme, which is currently funding millions of workers to stay at home, is being extended to October. The Bank of…
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The cooperation will provide for Varengold Bank’s customers Wirecard’s banking-as-a-service expertise, spanning digital banking, prepaid card issuing, acquiring and loan fronting services. Wirecard’s customers will, in turn, benefit from Varengold Bank’s capabilities in creating tailor-made financing solutions. Leonard Coen, Head of Sales Financial Institutions & FinTech Europe at Wirecard commented: At its core, this collaboration…
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OIL Investors are betting on a V-shaped recovery for economies and a similar scenario on oil demand. Moreover, they are seemingly confident that there will be space in Cushing’s oil tanks at the expiries of the contracts in the coming months. All this sounds a bit too optimistic but what we have seen is that…
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