Ashmore’s CEO Mark Coombs noted the uptick in investment performance in Q4 of 2023 as talk of cuts spread across markets. According to Yahoo Finance, Ashmore’s funds managed to offset negative flows of $1.6bn in Q4 and gained a positive investment of $3.9bn in the same period. Coombs noted: Emerging Markets delivered good returns and…
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According to Reuters, Chinese policymakers are relieved about the uptick in global trade as it could signal lower borrowing costs. Others, however, are quick to point out that the second-largest global economy still faces issues in its property market, overly careful consumers, and geopolitical hurdles that may hobble any gains. The year-on-year December comparison between…
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Dubbing its 2024 refresh “the New MultiBank Era”, the broker’s MultiBank-Plus Platform app’s most notable features include a swift account-opening process taking only three minutes, tools that help its users make better informed financial decisions, and an interface that works to a high quality on mobile devices. The app, currently available in Germany, the UK,…
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This acknowledgment comes amid a significant drop in Boeing's stock, with a decline of 8% on Monday and an additional 1.5% on Tuesday, raising concerns among investors about potential business repercussions. The incident forced an emergency landing shortly after takeoff from Portland, Oregon. In response, the Federal Aviation Administration (FAA) ordered the temporary grounding of…
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Reportedly, this breach ranks high, especially since financial markets are holding a collective breath in anticipation of this virtual currency ETF approval. Don’t miss out the latest news, subscribe to LeapRate’s newsletter The Bitcoin price jumped by more than 2.5% as the post in question zipped its way through the internet highways. Gary Gensler, the…
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Questioning reporting on its debt and earnings before interest, taxes, depreciation and amortisation (EBITDA), Gotham alleges misrepresentations in this regard to reduce the Grifols leverage ratio. The hedge fund further stated that the actual leverage ratio is about 10 to 13 times the EBITDA, instead of the six times reflected in the Grifols financial reports.…
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The rebranded MarketsVox will now extend its trading offerings to include indices, commodities, cryptocurrencies, metals, and core forex services. This transformation underscores the company's commitment to providing a broader spectrum of trading opportunities across various markets. To coincide with the rebranding, MarketsVox is introducing many new features for its clients. These enhancements include additional payment…
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According to a Reuters report, the H20 chip launch was originally scheduled for November 2023; however, due to integration challenges faced by several different server manufacturers, the launch was postponed to its new date of October 2024. The H20, the third chip designed specifically with China as its majority user (after L20 and L2), is…
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Harpoon has a portfolio of innovative T-cell engagers using the company’s proprietary TriTAC and ProTriRAC platforms to harness and activate a patient’s immune system to eliminate malign cells. During 2023, Harpoon shares climbed by 41% and surged by almost 112% on Monday. Analysts believe Merck is exploring new avenues of growth as its current top-selling…
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The positive outcome contrasts with earlier projections, as Plus500 initially anticipated ending the year with revenue and EBITDA in line with market expectations, set at $645 million and $300 million, respectively. The brokerage emphasised the resilience of its balance sheet, noting its robust nature, with cash balances reaching approximately $900 million at the close of…
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