UBS share trading stopped temporarily on 27th September after falling by nearly 8%. This occurred in the wake of a Bloomberg news report about a current US Department of Justice probe into the possibility that the financial institution failed to comply with sanctions and, in doing so, helped Russian clients side-step the sanctions. In light…
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After just missing a 16-year high, US GDP data has shown yields to be marginally smaller than expected for September. The retreat in yields has allowed risk assets some breathing space, but with the 10-year note still above the 4.5% level, investors are anxious about a downward spiral in October due to Index uncertainty. Market…
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Some investors believe this is just the tip of the iceberg and predict government bonds will weaken even further. They may have a point, as both US and German government bond yields were pegged for significant quarterly increases but failed to live up to expectations. Poor performances dashed the hopes of fund managers who thought…
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This news follows the May announcement regarding the company’s launch of the Coinbase International Exchange. This is a non-US exchange with a class F licence from the BMA. Experts believe this regulatory approval will open doors for crypto asset trading. This would be a positive move for the industry at a time when financial regulations…
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In one of the largest anti-money laundering operations, the Singapore police arrested and charged 10 foreigners. The authorities laid their hands on S$2.4bn in assets that ranged from luxury properties and cryptocurrencies to motor vehicles. Singapore is widely known for its tough stance on money laundering. This incident raised eyebrows, and many are wondering if…
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The most important economic data for this week are: U.S. durable goods orders on Wednesday at 12:30 PM GMT. The data for the month of August are expected to increase by almost 5% and, since durable goods orders are a leading indicator of manufacturing activity, then, if the expectations are confirmed, there might be some…
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The agreement reached between the two companies stipulates that Amazon employees and Amazon Web Services (AWS) users will get early access to the latest Anthropic technologies. Anthropic, on the other hand, will primarily use Amazon’s cloud services. Additionally, the company will train future AI models on proprietary chips supplied by the global retailer. The chief…
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XS.com Group CEO, Mohamad Ibrahim, commented: We extend our heartfelt gratitude for being honoured with the prestigious Top Trusted Broker and Top Global CEO award at the Middle East Financial Markets Awards Ceremony. This recognition is a testament to our unwavering commitment to excellence and the trust our clients place in us. […] we…
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All three companies kicked their IPOs off on a high note, with trade closing above the initial pricing on the first day. Since, share prices have been seesawed somewhat, fueling renewed rounds of speculations. It seems short sellers played a significant role in Arm Holdings’ stock, which dipped below its $51 IPO price for the…
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In its last financial year, the company achieved more than $7bn in production in India. Apple has not yet responded to confirm these speculations. India is Apple’s base for the manufacture of iPhones. Rumours have it that the company also plans to start making Airpods in this country. In an earlier Bloomberg interview this month,…
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