Category: Forex

July 02, 2024 BY Elizabeth Anderson

ASIC Calls On Financial Services To Update Records About Their Advisers

In its media release, ASIC said some issues related to qualifications and training courses where an 'approved' box was wrongly ticked. Errors included qualifications not lining up with the course descriptions, some marked as qualifications were professional designations, and others were bridging courses and not qualifications per se. Don’t miss out the latest news, subscribe…

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July 01, 2024 BY Elizabeth Anderson

Turkey’s Removal From Grey List Opens Doors To Global Investors

Turkey welcomed this decision and believes that it may instil confidence in international investors to consider possibilities in this country. When the FATF red flags a country or company, it affects foreign investment and the performance of policy-driving benchmarks such as consumer price indexes. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Analysts…

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July 01, 2024 BY Elizabeth Anderson

SEC Gets Green Light To Proceed With Majority Of Its Binance Charges

Media reports indicated that the SEC charged Binance and Zhao, better known as ‘CZ’, for mismanaging customer funds, deceiving investors and regulators, and transgressing security regulations. The company, a leading crypto exchange, and its former CEO challenged the charges, asking for the case to be dismissed. The SEC initially filed 13 charges. Judge Amy Berman…

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July 01, 2024 BY Robert Bell

Major Banks Suffer Online Banking Outages

The outage occurred on a date commonly used as a payday for many British workers. Many turned to social media sites like X to complain that they couldn’t access their bank accounts or make transactions on any device. For some customers, this was the second time in two months they’ve been left locked out of…

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June 28, 2024 BY Elizabeth Anderson

Amazon Exploring Discount Store To Compete With Chinese Startups

Analysts opined that this invitation-only event is an attempt to combat the rising competition from Chinese online shopping startups such as Temu and Shein. Both of these companies have gained traction among US consumers with their low prices on clothes, gadgets and other merchandise. Earlier this week, we reported on Shein’s IPO filing with the…

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Boots store
June 28, 2024 BY Robert Bell

Boots Profits Grow But US Store Closures Anticipated

The improved sales figure came across Boots’ pharmacy and retail activity until the end of May. Its overall sales growth slowed to 1.6%, with the store closures carried out in the last year said to be to blame. The brand now has 1,900 sites after 300 shops were closed recently. WBA’s next move is to…

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June 28, 2024 BY Elizabeth Anderson

PBoC Warnings Fall On Deaf Ears As Bond Investments Continue To Rise

This investment action triggered another spike in the country’s treasury futures while causing the long-term yields to hover on the edge of historic lows. Media reports indicated that people are preferring to invest in fixed-income options because banks keep decreasing the interest earned on savings products. Don’t miss out the latest news, subscribe to LeapRate’s…

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June 27, 2024 BY Robert Bell

Takeover Rumours Cause Deliveroo Share Price Rise

discussions between the two companies ended in a stalemate over their differing opinions of the value of any proposed deal. ROO shares are listed on the LSE, and they rose by 6% early on Wednesday before falling back to end the day with a 1.2% increase that left the company valued at £2.1bn ($2.6bn). That…

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June 27, 2024 BY Elizabeth Anderson

Volkswagen’s $5bn Investment Gives Rivian Stock A Leg Up

Analysts reportedly regard this financing as an attempt to catch up with industry developments and predicted that it may be years before Volkswagen reaps the benefits. According to CNBC, the head of thematic intelligence at GlobalData, Cyrus Mewawalla, said: Volkswagen has fallen behind in two areas, on electric vehicles themselves, but also on autonomous driving…

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