Andrew Ralich, CEO and co-founder of oneZero, commented on the hire: We are excited to be extending the expertise of our leadership team with the addition of Fraser. With our company’s continuing growth, adding an experienced CFO with industry experience to support our organization was a natural evolution. Fraser McHardy added: oneZero has a best-in-class…
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This caused the price for the future contract of crude oil, with delivery in May, to drop to negative values. Many traders were obligated to receive a product with no way to sell or store it, so they came down to paying $40 per barrel to anyone who would accept to take their product. Trading…
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EUROPEAN SHARES Stock markets in Europe lacked a clear direction on Tuesday following a similar trend on Asian benchmarks. The risk appetite is still alive this week but investors remain torn between reassuring data on the virus front and poor earnings results. Lower infection rates almost everywhere seem to suggest the market bottom may now…
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During the season, AC Milan and ROinvesting will launch a series of digital campaigns around the world allowing clients and fans to experience football in “rossonero” style. ROInvesting has also joined AC Milan and the Milan Foundation in their fight against the coronavirus by donating close to 50,000 euros.
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The bank set out to buy unlimited amount of government bonds by abandoning loose guidance to buy them at an annual pace of ¥80 trillion. The statement said: “The BOJ will purchase necessary amounts of government bonds without setting an upper limit.” The bank pledged to buy government bonds and short-term securities to keep the…
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FTSE climbs, Tesco begins laying off temporary workers London-listed stocks mirrored the US with a positive start to the week yesterday, with the FTSE 100 and FTSE 250 rallying by 1.6% and 1.7% respectively. Chancellor Rishi Sunak told Parliament that small businesses will get access to 100% taxpayer-backed loans of up to £50,000 that they…
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Other highlights of 2019 include: Establishing a Central Bank of Ireland regulated entity in Dublin as the European Headquarters to ensure client continuity post Brexit. Expansion of Marex Solutions, the corporate hedging and structured notes business. The division marked a 168% increase in net revenue to $18.8 million, The company received S&P Global Ratings endorsement,…
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For its current clients, IS Prime can move positions in its existing US and UK spot indices into the new products. Jonathan Brewer, Managing Partner at IS Prime commented: Many brokers have not recognised the truly catastrophic effect that negative rates can have on them. Individual retail brokers could face losses in the hundreds of millions…
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Alan Marquard, Chief Business Development Officer, CLS, commented: We are delighted to welcome Keith to CLS. He has extensive product management and business development experience and a proven track record of delivering complex industry solutions. In his role at CLS, he will empower our clients’ success by delivering products that address their changing requirements in…
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Foreign-held US dollar debt At the end of January, the Bank of International Settlements published its global liquidity indicators for the period ending in September of 2019. It showed that US dollar debt held by non-bank borrowers had grown by 5% year-on-year to a total of $12.1 trillion. Of this sum, $3.8 trillion was held…
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