Markets

Droit, a US regtech company, has raised $23 million in a Series B funding round. The funding round was led by Pivot Investment Partners and UBS Next. The company’s existing investors, such as Goldman Sachs, also participated. Droit raises $23M...

South Korea has been cracking down on the virtual asset industry to ensure that all players comply with the existing regulatory framework. In 2022, the Korea Customs Service detected 15 cases of illegal foreign exchange transactions used for speculative purposes...

Tech giant Meta has received approval from the Central Bank of Brazil to release a new feature for WhatsApp business payments. The new feature will allow customers to buy items from small businesses through the messaging service and make payments...

Advanced Markets Group has announced the integration of the solutions offered by FXCubic. The latter is a low-latency liquidity aggregator and price management service provider. This integration is expected to enable Advanced Markets to boost its liquidity offerings. Advanced Markets...

The Chief Executive Officer at the Bank of America, Brian Moynihan, has predicted that the US economy would potentially reach a technical recession from the third quarter of this year. Moynihan said that a US recession would not be severe,...

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....