Markets

The US dollar showed stability on Monday after a solid US jobs report. The report raised speculations that the Federal Reserve will remain hawkish, which will prop up the dollar. Last week, the Fed raised interest rates by 25 basis...

One of the largest gold producers globally, Newmont Corp, has unveiled a $16.9 billion offer for Newcrest Mining Ltd, another gold mining firm based in Australia. However, investors and analysts are concerned that the offer price is too low, with...

Nissan and Renault are planning to reveal the details of their restructured alliance this week. The two automakers will also answer any queries that the stakeholders might have regarding plans of Renault in the electric vehicle (ERV) business and how...

Andreessen Horowitz’s crypto venture capital unit, a16z, has voted against the proposal to deploy Uniswap v3 on the BNB Chain using Wormhole. The proposal in question was submitted on February 2 by 0xPlasma Labs and is slated to close on...

The United States Federal Reserve will likely have to lift the benchmark rate above 5%, and even ensure that it stays there in order to squeeze too-high inflation out of an economy with the strong labor market, even after almost...

The UK Financial Conduct Authority (FCA) announced recently that it rejected 8,582 financial promotions last year. The rogue ads were not fitting for a display to the point where the regulator sought their amendment or removal by the companies that...

The UK financial market regulator, the Financial Conduct Authority, has issued a warning against "AXI Corp Limited." The latter is a clone company mimicking Axi and its sister company, One Financial Markets, registered with the regulatory body. FCA warns of...

Consob, the financial market regulator for Italy, has blacklisted five more websites offering financial services without the proper regulatory approval. According to the Italian market regulator, these websites operated illegally or promoted fraudulent activities. Consob blacklists five illegal FX/CFDs brokers...

Broadridge Financial Solutions has published its financial results for the second quarter of the 2023 financial year. In the financial results, the company reported a 3% annual increase in total revenues, which came to around $1.3 billion. Moreover, the company...

B2Broker has integrated Match-Trader into its product offerings after securing the platform server license. The technology and financial services supplier integrated Match-Trader amid growing demand from customers within the fintech industry looking for alternatives to MetaTrader. B2Broker integrates Match-Trader B2Broker...

The Federal Reserve hiked interest rates by 25 basis points during the recent Federal Market Open Committee (FOMC) meeting. The Fed noted that the interest rate hikes have cooled down inflation, and interest rates would still be increased further and...

FXSpotStream reported total monthly trading volumes of $1.3 trillion in January 2023. The number was a 3% increase from the $1.26 trillion reported in December. FXSpotStream also reported a 5.2% jump in the average daily volume (ADV). FXSpotStream hits $1.3...

Japanese financial services company, Monex Group, recently released its financial result for the third quarter of the fiscal year 2023.  According to the report, the nine-month period between April 2022 and December 2022 has brought a significant drop in the...

CMC Markets announced yesterday, January 31st, that it would soon launch its services in Singapore. The new service, known as CMC Markets Singapore Invest, should see its soft launch by the end of the current quarter, according to the announcement....

Yet another performance report came out, revealing the earnings and performance in 2022, this time for the global investment bank UBS, based in Switzerland. However, the details of the bank’s report are quite interesting, as it saw a total net...