Markets

Finastra, a company providing financial software applications, has partnered with Fragmos Chain. The partnership will allow Finastra to support the digitalization of over-the-counter (OTC) derivatives. Finastra supports the digitalization of OTC derivatives Fragmos Chain is a blockchain technology company. A...

The main indexes on Wall Street plunged on Monday amid fears that China could resume strict COVID policies amid a new wave of infections. On Monday, China said it would shut down schools and businesses in the affected districts while...

Simon & Schuster’s owner will allow a $2.2 billion sale to Penguin Random House to collapse. The falling apart of this deal will pave the way for another interested party to secure this deal. The acquisition of the book publishing...

LMAX Group has announced that it will expand its technology infrastructure within the Asia-Pacific region. This will be enabled by launching a new matching engine within the Equinix IBX Data Center in Singapore. The platform was launched earlier this year....

The US Securities and Exchange Commission (SEC) has launched administrative proceedings against American CryptoFed. The latter is a decentralized autonomous organization (DAO) based in Wyoming. SEC starts proceedings against CryptoFed The SEC has started these proceedings to determine whether there...

The European Securities and Markets Authority (ESMA) is seeking to strengthen the provisions around passporting of financial service licenses. The regulatory body will do this by encompassing new rules in the Markets in Financial Instruments Directive (MiFID II). ESMA invites...

Kohl has taken down its forecast for sales and profits in 2022. The company said that an uncertain global economic outlook caused the move. The resignation of the company's top executive is also to blame for the change. Kohl's withdraws...

Living standards in the United Kingdom will take a hit amid the rising inflation levels. The situation will worsen following the proposals made by the finance minister, Jeremy Hunt, including a tax hike and cuts on spending. UK living standards...

Dell Technologies has said that it has reached a $1 billion settlement in a 2018 lawsuit. The amount has been used to settle a lawsuit that accused the technology company of short-changing some shareholders in a $23.9 billion transaction in...

Elon Musk said he would be reducing the time he was spending at Twitter. Musk said he would look for a new leader for the social media company to achieve this. He also hopes to complete a restructuring of the...

eToro has partnered with Broadridge Financial Solutions to launch proxy voting for users on the retail trading platform. The brokerage platform will gather all votes from investors and aggregate them before sharing them with firms. eToro launches proxy voting The...

Berkshire Hathaway Inc, the investment company of billionaire investor Warren Buffett, recently unveiled a major stock investment that marked another big step that the firm took towards the tech sector. According to the company, it bought over $4.1 billion worth...

The past few years have been hard on everyone, from individual people to small and mid-sized companies and, apparently, even major corporations such as Amazon. In fact, according to a source familiar with the company, Amazon intends to go through...

OPEC has lowered its forecast for the 2022 global oil demand growth for the fifth time since April this year. It has also reduced the 2023 figures amid growing economic challenges ranging from high inflation to central banks hiking interest...

Thailand's Department of Special Investigation (DSI) wants to extradite two individuals accused of the Forex-3D scam. The Thai court has already issued arrest warrants on the two individuals - Singaporean national Daryl Cai Younghui and Hungarian model Eddy Polgari. 16...