Author: Investor Empires
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Philips to repurchase shares for up to EUR 125 million to cover long-term incentive plans
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Article Content August 5, 2024 Amsterdam, Netherlands – Royal Philips PHG, listed on the New York Stock Exchange (NYSE: PHIA), today announced that it will buy back shares for up to €125 million to cover certain obligations arising from its long-term incentive plans. At the current share price, this represents…
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Japan watching yen moves closely, finance minister says after stocks rout By Reuters
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Written by Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Monday authorities were closely monitoring exchange rate movements after the Japanese currency fell to its biggest one-day drop since 1987. He said it was desirable for foreign exchange rates to move stably and…
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Australia’s police joins global campaign to disrupt crypto scams
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The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
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Australia’s police joins global campaign to disrupt crypto scams
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The Australian Federal Police has teamed up with Chainalysis to identify more than 2,000 hacked cryptocurrency wallets owned by Australians. Australia’s national police agency, the Australian Federal Police, has partnered with blockchain forensics specialist Chainalysis to combat cryptocurrency fraudsters as the number of hacked cryptocurrency wallets belonging to Australians has…
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Shekel depreciation accelerates – Globes
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This week’s trading in the foreign exchange market opened with further weakness for the shekel against major currencies. The shekel-dollar exchange rate is currently up 0.55% compared to Friday’s representative rate, at NIS 3.8279/dollar, and the shekel-euro rate is up 1.99%, at NIS 4.1932/euros. Last week’s trading once again demonstrated…
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Weekly update on interest rates expectations
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Interest rate cuts by year-end Fed: 125bp (96% chance of 50bp rate cut at next meeting) ECB: 75 basis points (97% chance of rate cut at next meeting) Bank of England: 53bp (57% chance of no change at next meeting) Bank of Canada: 80 basis points (77% chance of rate…
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XRP Developers Furious Over Ripple’s Edited Clip: Here’s Why
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In a recent development that has sparked a major outcry within the XRP Ledger (XRPL) developer community, Ripple has come under fire for editing a podcast segment. The edited segment was part of Ripple’s new podcast series titled “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD),” which featured CTO David Schwartz…
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XRP Developers Furious Over Ripple’s Edited Clip: Here’s Why
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In a recent development that has sparked a major outcry within the XRP Ledger (XRPL) developer community, Ripple has come under fire for editing a podcast segment. The edited segment was part of Ripple’s new podcast series titled “Exploring Ripple’s New Stablecoin Ripple USD (RLUSD),” which featured CTO David Schwartz…
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David Beckham-backed Guild Esports set for takeover by US-based DCB Sports By Reuters
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(Reuters) – Shares of David Beckham-backed Guild eSports jumped more than 54 percent in early trading on Monday after the gaming company said it plans to accept a takeover offer from California-based investment management firm DCB Sports. Financial details of the deal were not disclosed by Guild Esports, which said…
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Dogecoin Price (DOGE) Slips Alongside Bitcoin and Ethereum: Market Analysis
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Ayush Jindal, one of the most prominent figures in the world of financial markets, has over 15 years of experience in Forex and cryptocurrency trading. Known for his unparalleled proficiency in providing technical analysis, Ayush is a trusted advisor and market expert to investors across the globe, guiding them through…
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Yen rises to 7-month highs as US slowdown fears spill over By Reuters
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By Vidya Ranganathan SINGAPORE (Reuters) – The Japanese yen hit its highest level against the dollar since January on Monday as markets continued to move in a week that began after weak U.S. employment data stoked recession fears and expectations of deeper interest rate cuts by the Federal Reserve. Friday’s…
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WazirX Abandons Plan To Share $230M Loss Among Every User
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Indian cryptocurrency exchange WazirX has found itself at the center of a major controversy after proposing a social loss distribution plan to distribute the massive $230 million in losses it incurred due to the severe WazirX exploit. The exchange’s attempt to distribute the losses, which it dubbed the “55/45 plan,”…
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WazirX Abandons Plan To Share $230M Loss Among Every User
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Indian cryptocurrency exchange WazirX has found itself at the center of a major controversy after proposing a social loss distribution plan to distribute the massive $230 million in losses it incurred due to the severe WazirX exploit. The exchange’s attempt to distribute the losses, which it dubbed the “55/45 plan,”…
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Japan’s shares plunge more than 10% extending sell-offs; July services PMI revised downwar
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ronniechua/iStock via Getty Images The Nikkei 225 index fell more than 10% to around 31,135 while the broader Topix lost 6.5% to 2,370 early Monday, with both indexes hitting seven-month lows on concerns about rising interest rates in Japan and also under pressure from safe-haven buying. Amid global stock sell-offs…
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FX Watch: AUD/JPY’s Potential Pullback On RBA’s Event
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The Reserve Bank of Australia is up this week! Markets are pricing in a “neutral” event that could pave the way for a “buy the rumors, sell the news” scenario for the AUD. But what if the AUD extends its downtrend instead? In case you missed last week’s FX recap,…
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VC firm Paradigm taps Facebook, Instagram vet David Swain
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Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously served as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at social fitness app Strava. according to a…
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VC firm Paradigm taps Facebook, Instagram vet David Swain
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Crypto venture capital firm Paradigm has appointed David Swain as its new chief marketing officer. Swain previously served as head of global communications at Instagram and senior director of technology communications at Facebook. He also served as vice president of global partnerships at social fitness app Strava. according to a…