Markets

According to Governor Gavin Newsom, the state of California will not be doing any business with Walgreens Boots Alliance. The governor published a tweet announcing this after the pharmacy retail chain said it would not sell abortion pills in some...

Stock prices for most US companies dropped lower on Tuesday after the US Federal Reserve chair appeared before Congress during the first day of the monetary policy testimony. The S&P 500 plunged by 1.53% on Tuesday, while the Treasury yield...

Rivian Automotive, one of the largest car manufacturing companies, plans to sell bonds worth $1.3 billion. The company announced this earlier this week as the demand slows and lofty costs increase. The situation has triggered a cash crunch in the...

Foxconn, formally known as Hon Hai Precision Industry Co Ltd, seeks a way into the electric vehicle industry, wishing to do for EVs what it had done for iPhones in the past. However, before it can do that, it must...

SoftBank Group Corp-owned chipmaker, Arm Ltd., which is headquartered in the UK, is planning to hold an IPO in the near future. However, according to people familiar with the plan, the company plans to target quite an impressive figure —...

With the start of March, Tesla’s leaders have made a decision to once again re-adjust the prices of their most expensive electric vehicles for the US market. According to the company’s website, the prices for Models S and X will...

Finalto has announced the appointment of Marco Maggioni as the sales director. Maggioni will be focused on boosting the company’s liquidity and execution services targeting institutional clients. Finalto is one of the largest trading and liquidity service companies focused on...

Multibank Group has announced the appointment of Marc Aspinall as the new Chief Commercial Officer. Aspinall will operate from the company’s recently relocated headquarters in Dubai. The appointment comes as the institution looks to strengthen its leadership team. Multibank Group...

According to the US Department of Justice, two American individuals involved in a $30 million fraudulent foreign exchange trading scheme have received a prison sentence of up to five years. The two individuals had already pled guilty to the charges...

Arm, a chip designer company that Japan’s SoftBank owns, announced that it would pursue a US listing this year. The designer company has quashed hopes from the United Kingdom government that it would resume operations in the London stock market....

Some of the leading energy executives and officials globally will meet in Houston amid concerns about the global oil supply in the coming week. The Russian invasion of Ukraine has put pressure on the global oil supply levels, with long-term...

Consob, the Italian financial market regulator, has continued to crack down on platforms offering financial market services illegally in the country. The platform has now blacklisted six platforms offering illegal financial services in the country. The regulator said none of...

China is setting a strong presence in the emerging technologies sector. The country currently boasts of a “stunning lead” in the sector, holding the 37th out of 44 positions. Western countries have been losing their ranking in the global race...

The Polish Supreme Administrative Court (NSA) has dismissed the cessation appeal motion filed by XTB. The appeal pertained to the decision made by the Polish Financial Supervision Authority (KNF) to fine the broker PLN 9.9 million, equivalent to more than...

24 Exchange processed $1.49 billion worth of average daily forex non-deliverable forwards (NDF) for its global institutional clients in February 2023. Because of these numbers, the exchange has now set a new average daily volume (ADV). 24 Exchange sets a...