Author: Investor Empires
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One in fifteen European companies face restructuring pressure, with Germany, Austria, and the Nordics taking the lead
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One in fifteen European companies is facing significant restructuring pressure this year after being hit by high financing costs and weak consumer demand, with Germany, Austria and the Nordic countries particularly under pressure, according to a report issued by Boston Consulting Group. About a third of companies in Germany and…
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Dollar stands tall as traders mull Fed outlook; focus on ECB By Reuters
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Written by Amanda Cooper LONDON (Reuters) – The dollar stabilized on Monday, as investors accepted the idea that US inflation may have slowed enough to prompt the Federal Reserve to cut interest rates in 2024, while the euro remained calm ahead of an expected cut from the European Central Bank.…
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World’s Largest Bitcoin Conference Launches CLE Program in Nashville
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BTC Media, LLC, the organization behind the world’s largest Bitcoin conference, recently announced the offering of Continuing Legal Education (CLE). program As part of it Bitcoin Conference 2024. The CLE is scheduled to take place July 24 at the Music City Center in Nashville, Tennessee. In an era where the…
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Court to decide whether KICC takeover from Kanu was illegal
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A judge will today decide whether the Kenyan independence party African National Union (KANU) should reclaim the iconic Kenyatta International Conference Center (KICC) in Nairobi. Kanu filed a petition in the Environment and Lands Court four years ago seeking to reclaim the building after it was evicted by presidential executive…
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UK May Final Manufacturing PMI 51.2 vs.51.3 expected
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Final Manufacturing PMI 51.2 vs. 51.3 expected and 49.1 previous. Key findings: Manufacturing PMI at 51.2 in May Production is rising in all major subsectors and size categories. Business optimism rises to 27-month high comment: Commenting on the latest survey results, Rob Dobson, Director of S&P Global Market Intelligence, said:…
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Ethereum Endgame? Investors Pull $3 Billion From Exchanges
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The winds of change are blowing across the Ethereum ecosystem. Since the long-awaited approval of Ethereum spot ETFs in the US on May 23, a quiet Ethereum exodus has begun. A massive amount of the world’s second-largest cryptocurrency, or about $3 billion, has disappeared from centralized exchanges, marking the lowest…
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Ark Invest exits Ether ETF race, 21Shares rebrands fund
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Cathie Wood’s Ark Investment Management has withdrawn from the race to launch an Ethereum spot trading fund (ETF), with its name removed from the application submitted to 21Shares. 21Shares has filed an updated filing for its ETF, rebranding the fund from the 21Shares Ark Ethereum ETF to the 21Shares Core…
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Caledonia to file preliminary economic assessment on chosen approach to develop the Bilboes sulphide gold project
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This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: Published Jun 03, 2024 • 14 minute…
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Andrey Dashin’s Exinity Onboards New Group CFO
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Exinity, which runs brands such as Alpari and FXTM, has appointed Puneet Gumra as the new group CFO. Headquartered in Dubai, Ghamra is an offshore Forex and CFDs company. “I look forward to contributing to the company’s vision and working with an incredibly talented team to achieve new heights,” Ghamra…
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Is XRP Preparing for a Massive Rally Above $0.7? (Ripple Price Analysis)
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Ripple is experiencing uncertain market activity, as the price lacks clear momentum. However, the price has now reached a critical, narrow range, with a breakout being necessary to establish an eventual trend. by Cheyenne Daily chart A detailed look at the daily chart reveals that Ripple price was confined within…
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China’s manufacturing surges, Caixin PMI shows, but global risks grow By Reuters
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BEIJING (Reuters) – Factory activity in China grew at the fastest pace in nearly two years in May thanks to gains in production and new orders, especially at small businesses, a private sector survey showed on Monday, raising expectations for the second quarter. The Caixin/S&P Global Manufacturing PMI rose to…
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Asia FX steady as dollar drops amid rate cut speculation; Indian rupee surges By Investing.com
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Investing.com — Asian currencies were mostly flat on Monday, reversing some recent losses against the dollar after embedded inflation data raised expectations for interest rate cuts and sparked sharp declines in the US currency. The Indian rupee was a standout performer among its peers, rising sharply after exit polls for…
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Former CEO Starts Prison Sentence for Dirty Money
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The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
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Former CEO Starts Prison Sentence for Dirty Money
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The Lompoc Federal Correctional Institution closed its doors on a fallen giant this week. Changpeng Zhao, known as “CZ” and the billionaire founder of Binance, the world’s largest cryptocurrency exchange.He began imprisonment for four months A penalty for failing to prevent money laundering on its platform. Binance case spurs regulation…
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Ellison’s Latest Paramount Offer Has a $15-a-Share Sweetener
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(Bloomberg) — Movie producer David Ellison’s offer to Paramount Global includes an option for nonvoting shareholders to cash out a portion of their shares for about $15 a share, according to a person familiar with the matter. Most read from Bloomberg The offer, a roughly 26% premium to Friday’s closing…
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The winners and losers of May trading in FX, and what to look out for in June?
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Here’s a little hint. Yes, I may not have felt it but the dollar was actually the underperformer in May trading. Here’s how the major currency bloc performed against the dollar during the month: EUR +1.7% Japanese Yen +0.3% British Pound +2.0% Swiss Franc +1.9% CAD +1.1% Australian Dollar +2.8%…
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Goldman Sachs: Bitcoin ETFs Are an ‘Astonishing Success’
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Goldman Sachs is taking an increasingly positive tone on Bitcoin, calling its new spot Bitcoin exchange-traded funds an “amazing success” after years of skepticism. Just in: ?? Goldman Sachs says #Bitcoin The approval of the European Training Foundation was A “A major psychological turning point” It was an “amazing success”.…
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OneWater in talks to acquire rival boat dealer MarineMax – Bloomberg (NYSE:HZO)
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xbrchx/iStock via Getty Images One Water Marine (Nasdaq: Onew) is in discussions to buy its larger competitor MarineMax (New York Stock Exchange: Herzo) in an all-cash transaction. OneWater (ONEW) has made a $40 equity offer for MarineMax (HZO) and the combined company will be valued at $2.5 billion, including Debts,…
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AMD launches new AI chips to take on leader Nvidia By Reuters
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Written by Arshia Bajwa TAIPEI (Reuters) – Advanced Micro Devices (NASDAQ:) unveiled its latest artificial intelligence processors on Monday and detailed its plan to develop AI chips over the next two years in a bid to challenge industry leader Nvidia (NASDAQ:). At the Computex technology trade show in Taipei, AMD…
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XRP Price Struggle Continues: Will It Find Support?
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XRP price extended its losses below the $0.5120 support area. It has tested the $0.5080 area and is now trying another recovery wave towards $0.5350. XRP is struggling to start a new increase above the $0.5250 resistance area. The price is now trading below $0.5150 and the 100 hourly simple…