Markets

Mercedes Formula 1 has announced the suspension of its partnership deal with the troubled cryptocurrency exchange FTX.  This comes after the exchange announced on Friday that it has filed for Bankruptcy protection in the United States. The bankruptcy filing includes...

Global financial services firm, AZA Finance, has denounced FTX’s listing of 23 of its subsidiaries as part of its bankruptcy. AZ Finance asserted that its company or its subsidiary is not part of the FTX bankruptcy. On Friday, FTX stated...

Credit Suisse recently halted several investment banking decisions. However, this move is already attracting criticism, with two investors and a proxy adviser saying there were concerns about the conflicts of interest of two directors. Credit Suisse overhaul raises concerns The...

Elon Musk has taken another major financial and ownership decision, but this time, not an acquisition one. After completing a mouthwatering $44 billion acquisition deal for Twitter, the Tesla founder has sold $3.95 billion worth of shares of the electric...

Institutional FX trading services provider DMALINK has announced that it has expanded its global code of conduct order matching feature. The company says the goal is to target eFX market makers. This comes after the company completed the beta version...

After rumors emerged that former U.S. President Donald Trump is considering a return to the top office emerged, shares of Digital World Acquisition Corp surged. The blank check company wants to take Trump’s social media venture public. Three of Trump’s...

Primary care provider VillageMD has announced plans to acquire care provider Summit Health for $9 billion to expand its operations. This comes amidst the growing trend of major U.S. firms expanding into the healthcare business this year. Recently, CVS Health...

India is expecting a robust market for sugar. In line with this expectation, the government has approved the expansion of its sugar export to 6 million tonnes. The second most populous country in the world had a record export of...

Two climate activists have taken their protest against climate change to a new level. They glued themselves to Francisco Goya’s frames of two paintings at the Prado Museum in Madrid. The two paintings were "La maja desnuda” and "La maja...

Binance has processed $8 billion worth of crypto transactions for Iranians since 2018 despite US sanctions. $7.8 billion of these funds moved between Binance and the largest exchange in Iran, Nobitex. Binance has processed $8 billion worth of Iranian transactions...

Global shares closed higher on Friday as the US dollar plunged. The positive performance of the stock markets comes amid the release of solid job data, raising hopes that the US Federal Reserve will ease its monetary tightening policies. Global...

The government of Japan has threatened to halt investments in the United States. The government has attributed this decision to the new electric vehicle tax credits in the US that disadvantages Japanese car makers. Japan airs concerns over new US...

The Philippine central bank has announced plans to tackle inflation using all the monetary policy actions required. This comes after data showed that the inflation rate has hit its fastest pace in almost 14 years. Inflation Rate Driven By Price...

Stocks rose on Friday following data indicating that the U.S. economy is creating more jobs despite the increasing level of inflation. However, the data also showed that the level of job creation has dropped in the past few days, which...

U.S. stocks continued their downward trajectory for the fourth consecutive day on Thursday after concerns about a further rate hike by the Federal Reserve. The expectations from investors were dashed after Fed Chair Jerome Powell hinted that a pause on...