Markets

According to recent reports, the US-based oil firm, Chevron Corp, recently sent two oil tankers to Venezuela. One of the tankers will load its first cargo of crude that will end up in the United States in four years. After...

Yesterday, December 30th, China’s securities regulator, the CSRC, announced that two brokerages that operate in the country — Futu Holding and UP Fintech Holding — were found to be in violation of local laws. According to the regulator, the two...

With 2022 being only hours away from its end, some interesting reports regarding the state of the financial industry this year have started to come out. One example is a statement published by Euronext, in which the company said that...

Friday was the last trading day for financial markets in 2022. Wall Street equity indexes lost value during the day, but Treasury yields reported a slight gain. Oil futures are also up as investors braced for the start of 2023...

Recently, NAGA Group published its H1 financial report for the period from January 1st, 2022 to June 30th, 2022. The report appears to be quite positive for the company, which managed to earn over 35 million EUR. This represents a...

FX Back Office is a major firm offering CRM software for FX brokers. The company recently announced plans to enhance its offerings, and the way it decided to do it is by integrating Match-Trader. Match-Trader is a third-party trading platform...

Union Standard International Group Limited is a UK-headquartered subsidiary of the leading USG Group. Previously known as USGFX, the UK-based subsidiary recently lost its FCA license, meaning that it can no longer offer its products and services in the country...

Hedge funds are expected to report their worst returns in 14 years this year. The returns reported by these financial firms will be affected by the aggressive interest rate hikes in the United States that have triggered a notable decline...

The Financial Industry Regulatory Authority (FINRA) recently fined a private securities placement platform, Justly Markets. According to the regulator, the platform has violated certain rules, which earned it a $100,000 fine. Justly Markets agreed to pay $100k for the violation...

Capital Markets Authority (CMA), the financial regulator of Kenya, recently issued a license for Admirals, a non-dealing online forex trading broker based in Estonia. The company has been seeking global expansion, and it seems particularly interested in African countries. In...

The Russian rouble has been retreating, dropping by over 3% yesterday. The rouble has failed to make a strong recovery after a sharp drop last week after the market became anxious over the possibility of dropping export revenues amid restrictions...

The price for used Teslas has been dropping drastically and at a much faster rate compared to other car models. The drop comes after a period of high demand where people could flip Teslas to other buyers who did not...

OKX, one of the largest cryptocurrency exchanges, has announced a partnership deal with DappRadar. The partnership seeks to allow OKX users to access a wide range of decentralized finance (DeFi) and GameFi offerings on DappRadar. OKX partners with DappRadar DappRadar...

Japan-based bank holding and financial services firm Mitsubish UFJ Financial Group (MUFG), recently decided to invest $200 million into an Indonesian firm, Akulaku. Akulaku acts as a banking and digital finance platform, and it is the business name of a...

Binance previously got into quite a bit of trouble after it was discovered that it had been offering services and/or products in areas where it lacked the appropriate licenses to do so. Since then, the exchange has done a lot...