Category: Forex

The Financial Commission
January 30, 2024 BY Simon Mugo

The Financial Commission Adds VT Markets as a Dispute Resolution Member

Established in 2015, VT Markets has distinguished itself as a global broker in multi-asset CFD trading and has now achieved the prestigious status of an Approved Broker Member of the Financial Commission. Effective January 30th, 2024, this membership provides VT Markets and its clients with various benefits, including coverage of up to €20,000 per complaint…

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IUX
January 30, 2024 BY PureContent

Analysing IUX Markets' Phenomenal Growth: An Expository Overview

This article aims to dissect the factors contributing to IUX Markets' significant progress, focusing on the latter half of 2023, a period marked by remarkable achievements and strategic milestones. Strategic Increase in Trading Volume The period between the third and fourth quarters of 2023 was a watershed moment for IUX Markets. The platform reported a…

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January 30, 2024 BY PureContent

LiquidityBook announces appointment of Jason Morris as President

LiqudityBook CEO Kevin Samuel said he was thrilled to bring Morris on board. The new President has a wealth of experience from previous executive leadership roles and skills across various disciplines, including sales, finance, marketing, and HR. Morris also served as President at Enfusion before becoming a Global Head of Corporate Development role. In a…

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January 30, 2024 BY Elizabeth Anderson

Key investors concerned about UBS size and regulator issues

The state engineered the Credit Suisse acquisition to prevent it from going under. With this takeover, UBS ended up with a balance sheet that exceeds $1.6tn, which is nearly double that of the Swiss economy. Since March 2023, when the intended takeover was announced, this financial giant’s shares jumped 50%.  In an email statement sent…

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January 30, 2024 BY Elizabeth Anderson

Air Astana sets pricing for its IPO

The IPO will offer shares or GDRs representing shares held by BAE Systems Limited (BAE) and Sovereign Wealth Fund Samruk-Kazyna (SK). The company will list these on the London Stock Exchange (LSE), Astana International Exchange (AIX), and Kazakhstan Stock Exchange (KASE).  Analysts believe this float is a much-needed boost for the LSE’s torpid IPO performance.…

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OneCoin
January 29, 2024 BY PureContent

OneCoin lawyer Mark Scott given 10-year prison sentence

OneCoin was a digital currency scheme founded in 2014 that was eventually found to be a fraudulent Ponzi scheme. Scott was one of the most high-profile individuals involved in the scam. The co-founder of OneCoin, Karl Sebastien Greenwood, is already behind bars after he was handed down a 20-year sentence in September last year.  Both…

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January 29, 2024 BY Elizabeth Anderson

Possible interest rate cuts looming on the horizon

Bloomberg reports inflation dipped below the 3% mark for the first time since 2021. On the back of a 2.9% inflation rate, consumer spending remains high, but there are concerns that this inflation margin will escalate prices again.  Despite this optimism, economists warned the monthly US jobs report, job openings and consumer data, and the…

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January 26, 2024 BY Simon Mugo

ECB Policymaker Cautions Against Confiscating Russian Assets

European authorities have been mulling over the possibility of seizing frozen Russian assets, including those belonging to the central bank, to fund Ukraine's reconstruction. However, there are concerns that the negative impacts of such an action, including possible retaliation and a decrease in confidence in European assets, might outweigh the benefits. Using a currency as…

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