Markets

Retail broker Plus500 is seriously looking to raise its valuation by expanding and offering its shares in the United States. The broker’s management is visibly frustrated about its current valuation of $1.8 billion and wants to list its shares in...

Automakers have been engaged in a price war for electric vehicles, with the current focus being a shift to SUV-styled electric vehicles. Electric SUVs have become the largest market segment, currently dominated by Tesla and BYD. Automakers battle for dominance...

Some members of the Bank of Japan have urged the central bank to remain vigilant in addressing the risk of inflation. The policymakers said that the risk of inflation was accelerating at a higher-than-expected rate, as seen in the minutes...

Binance, one of the largest cryptocurrency exchanges by trading volumes, suspended Bitcoin withdrawals for several hours on Monday. The exchange attributed the matter to heavy trading volumes and increased processing fees. The exchange later cleared the withdrawal backlog at a...

The Alibaba logistics division plans to raise up to $2 billion through a Hong Kong listing that will likely happen early next year. The move has raised hopes for a revival in the Hong Kong capital markets. Alibaba plans an...

Deus Finance, a decentralized finance (DeFi) protocol, has lost over $6M because of a security breach on its DEI stablecoin. The hacker behind the breach exploited a flaw in the BNB Smart Chain on May 5. This exploit comes amid...

The meme coin hype appears to be back, given the recent gains made by meme coins such as PEPE and FLOKI. One of the reasons behind the recent surge in FLOKI's price is the launch of a new perpetual contract...

CME Group has published its trading data for April 2023. The data shows that the total volumes for spot foreign exchange traded on the Electronic Broking Services (EBS) hit $52.9 billion. However, the spot FX volumes slumped. CME’s FX Link...

The founder of US-founded cryptocurrency exchange Coinbase, Brian Armstrong, has said the company has no plans to shift its operations outside the US. Armstrong revealed the company's commitment to the US market in a Q1 earnings call. Coinbase is fully...

Artificial intelligence has become a hot topic in the technology sector. Apple, the largest tech company in the US, is showing interest in the field. Apple's CEO, Tim Cook, shared a glimpse into the company's plans during a Q&A session...

The financial results reported by Apple on Thursday surpassed Wall Street estimates showing that the tech giant was resilient amid a slowing global economy. The tech giant’s financial outlook was improved by better iPhone sales and expansion in India and...

The American Bankers Association has urged federal regulators to investigate a significant bout of short sales of publicly traded banking shares. The association said these short sales were disconnected from the underlying financial realities. US bankers urge regulators to monitor...

Vantage, previously known as Vantage Markets, is expanding its presence in Africa. The company is expanding its presence in the continent by securing a derivatives license from the South Africa Financial Sector Conduct Authority (FSCA). Vantage secures a license in...

Brokeree Solutions, a provider of trading technology solutions, is boosting the growth of its social trading solutions. The company will be launching a mobile application targeting this service. The mobile application launched by the company will come with all the...

The Australian Securities and Investments Commission (ASIC) has issued a notice to companies issuing investment products. The regulatory body has called upon investment product issuers to "lift their game" on design and distribution obligations (DDO). Aussie firms to comply with...