Markets

Uniqlo's parent company, Fast Retailing Co Ltd, has reported a 16% increase in its profits for the first six months of its fiscal year. The company shared its full-year outlook on Thursday, which showed significant improvement as the apparel retailer...

SoftBank Group Corp, a technology investor based in Japan, has announced the sale of nearly all its stake in Alibaba Group Holding. The sale triggered a massive plunge in the stock of the e-commerce company. Alibaba shares plunge as SoftBank...

The crypto industry has seen a number of former bankers, brokers, and other individuals from the traditional financial industry switch to digital assets. Many have come after recognizing the potential of cryptocurrencies to resist different financial situations, such as the...

Bitfinex Securities El Salvador has become the first licensed digital asset service provider (DASP) in El Salvador. El Salvador became the first country to adopt Bitcoin as legal tender. The country has also created a conducive environment for digital assets....

US Treasury yields declined alongside global stocks after the recent policy meeting by the Federal Reserve rattled the market. The meeting alluded that the recent crisis in the banking industry could spill over to the broader economy and trigger a...

The US banks that contributed the $30 billion worth of deposits for First Republic Bank are planning to shore up an additional $100 million each during the earnings results for the first quarter to cover any potential losses. US banks...

Brokeree Solutions, a multi-asset broker technology provider, has revealed that Liquidity Bridge has been integrated with DXtrade. Liquidity Bridge is Brokeree’s flagship liquidity solution. Brokeree integrates Liquidity Bridge with DXtrade DXtrade is a Devexperts trading platform for contracts for difference...

Jefferies Financial Group, an investment bank headquartered in New York, revealed a maximum loss exposure of $82.8 million on its investment in FXCM. The loss exposure suffered by the financial service provider was for the period between December 2022 and...

Tesla, the leading maker of electric vehicles, is opening a factory in Shanghai. The factory will have the capacity to produce ten thousand Megapack energy products annually. The production in this new Shanghai factory will supplement the output that the...

The Chief Executive Officer for OpenAI, Sam Altman, has said he is considering opening a physical office. Following a recent meeting with the Japanese prime minister, the executive is also considering expanding the company's services to Japan. OpenAI CEO considers...

Parameta Solutions has gained approval from the European Securities and Markets Authority (ESMA) to offer benchmark services. The approval will enable Parameta Solutions to offer over-the-counter benchmarks and indices in Europe and the United Kingdom. Parameta Solution gains ESMA approval...

Trinota Markets Limited, the company behind M4Markets, has acquired the operations of Tixee. Tixee is a brokerage platform dealing in forex and contracts for differences (CFDs). The company operates in Europe, and it also maintains other operations globally. Trinota Markets...

Baidu, a leading search engine in China, has filed multiple lawsuits against app developers and tech giant Apple. The lawsuits revolve around the fake copies of the search engine’s Ernie bot application listed on the Apple App Store. Baidu files...

UK regulators, the Financial Conduct Authority (FCA) and the Advertising Standards Authority (ASA), have unveiled a campaign for educating financial influencers. The campaign aims to stop these influencers from using their platforms to promote illegal “get-rich-quick schemes.” UK regulators launch...

Airbnb shares plunged by as high as 6% on Thursday after an independent report on the unpleasant experiences of customers that used the platform to book stays. The probe shared the negative experiences of users who booked short-term stages through...