Markets

CLSA Premium Limited, a brokerage company whose headquarters are based in Hong Kong, has announced plans to shut down its margin dealing operations. The broker has shifted its attention to focus on its new healthcare operations. CLSA ventured into the...

ThinkMarkets, a brokerage company based in Melbourne, has announced plans to go public through a merger deal with a Canadian blank-check company, FG Acquisition Corp. The merger deal has valued ThinkMarkets at $160 million on a pre-money basis. ThinkMarkets set...

Swissquote has secured a partnership deal with Stableton. Stableton is an investment company that specializes in a wide range of offerings in the private markets. This partnership is aimed at supporting the launch of a bankable active managed certificate (ACM)...

Amazon, the largest e-commerce platform globally, has announced plans to optimize its delivery network as it navigates a recovery post-pandemic. The platform plans to increase delivery speeds and minimize costs. The plan also involves lowering the carbon emissions. Amazon to...

Newcrest Mining Ltd, a gold mining company based in Australia, has said that it will support Newmont Corp in its AUD 26.2 billion takeover deal. The takeover has been labeled as one of the largest buyouts globally so far in...

The Argentinian government has announced a set of new measures that will solve the skyrocketing inflation levels that have plagued the country. These measures are also aimed at supporting the value of the Argentinian peso, whose value has plummeted because...

The Commodity Futures and Exchange Commission (CFTC) has imposed a $45 million fine against HSBC Bank USA. The institution is facing this fine for allowing “manipulative and deceptive trading” by the traders and a failure to maintain records on business...

Binance, the largest exchange globally by trading volumes, has announced plans to exit the Canadian market. Binance posted an announcement on Twitter on May 12 saying that the withdrawal from the Canadian market was proactive and it would follow the...

Officials at the Federal Reserve believe that interest rates are inching closer to where they need to be to win the war against inflation. The remarks come after Fed policymakers increased the benchmark interest rate to between 5% and 5.25%....

Elon Musk has appointed the former advertising chief at NBCUniversal, Linda Yaccarino, as the new CEO of Twitter. The appointment comes as Twitter looks to boost its ad revenue. Yaccarino’s appointment also comes as the social media company struggles with...

Nexo, a firm offering cryptocurrency lending services, plans to shut down its two subsidiaries in the United Kingdom. The two subsidiaries are Nexo Cleaning and Nexo Financial Services Limited. The plans by Nexo to shut down these two companies were...

The US securities regulator, the Securities and Exchange Commission (SEC), has taken action against investment platforms offering fraudulent services. The regulator has charged GA investors and several unnamed platforms with the failure to secure the appropriate licenses and continue extending...

The trading volumes reported by the Exness trading platform have significantly recovered. The trading volumes have corrected from the peak attained in March, as seen in the fresh records released for April this year. Exness trading volume drop by 23%...

Two financial industry executives have secured new job opportunities at Interactive Brokers and Xenfin Capital. These executives will be instrumental in helping the brokerage platforms to achieve growth as they come with extensive experience in their respective fields. Interactive Brokers...

The Robinhood social trading platform has released a report for the first quarter of 2023. The company's financial performance during the first three months of 2023 shows a 208% decline in the net loss, despite a 16% gain in the...