The primary cause for this shift is a recent overnight announcement from the Bank of Japan (BoJ). In this statement, the BoJ retracted its previous indication that it might abandon negative policy rates for the first time in many years, a stance it has now decided against. This change in position by the BoJ has…
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Options CEO Danny Moore said Lambert had laid the foundations for the company’s recent success but that it was now time for McCann to step up and enact the next part of its long-term strategy. That will involve connecting the more prominent teams in Option’s offices in London, New York and Chicago with its base…
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In addition to the information mentioned above, the non-farm payrolls report also revealed that the Unemployment Rate declined, dropping from 3.9% in the same period to 3.7%. This shift indicates a positive trend in the labour market. As measured by the change in Average Hourly Earnings, annual wage inflation remained stable at 4%, aligning with…
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Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…
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Chai said it was an “honour” to make the step up after three years at Nasdaq. He joined the company in 2020 as Chief Risk Officer before heading up the company’s Marketplace Technology Business. Chai’s burnished his reputation in both of those roles and has now been selected to spearhead Nasdaq’s European operations. Don’t miss…
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The yen climbed its highest in one day for almost a year against the euro on Thursday, which was hit by some minor losses. BOJ Governor Kazuo Ueda addressed the options available to the BOJ, which entail paring back on interest rate hikes, cutting short-term borrowing costs or pushing the yen higher with further rate…
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Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…
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This guideline requires that all smartphones, which include existing iPhones, feature a universal charging port to cut consumer costs and reduce e-waste. Continued discussions on the matter pushed manufacturers in India to comply with this arrangement by June 2025, which is six months later than the agreed deadline for Europe. Estimates show this move can…
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The registrations, reported by CnEVPost, do not calculate the separate Model 3 and Model Y registrations; rather, the figure totals both registrations and pits against competitor electric vehicle (EV) manufacturers. According to the data, Tesla’s sales for November decreased 17.8% when compared to the same period last year, with this drop including Chinese exports in…
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The RBA also noted that it would require more economic signals before considering any further adjustments to monetary policy. In their policy statement, the RBA pointed out that the October monthly CPI indicator indicated a continued inflation moderation. The AUD/USD pair is experiencing a decline, marking its second consecutive day of losses after retracing from…
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