Category: boost
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HF eyes Sh5.9bn in rights issue to boost capital, lending
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Listed lender HF Group is seeking to raise Sh5.9 billion through a rights issue to boost its capital and lending. The cash call will see the bank issue 1.49 billion new shares at three per person, with each share priced at Sh4 apiece, reflecting an 11.5 percent discount to the…
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Focus on reactivating investor accounts to boost NSE liquidity
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Only 2.48 percent of Central Depository and Settlement Corporation (CDSC) stock accounts actively participated in trading last year. The rest remains frozen due to inactivity. These statistics are worrying because the inactivity of such a large percentage of accounts affects market liquidity. This situation highlights the need for better engagement…
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International Investment Summit delivers £63bn boost and 38,000 jobs for the UK
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The UK is set to create nearly 38,000 jobs and attract £63 billion in investment following the International Investment Summit, which focused on infrastructure, technology and net zero initiatives. This year’s record total is more than double the £29.5bn secured at last year’s Global Investment Summit. The government attributed the…
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International Investment Summit delivers £63bn boost and 38,000 jobs for the UK
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The UK is set to create nearly 38,000 jobs and attract £63 billion in investment following the International Investment Summit, which focused on infrastructure, technology and net zero initiatives. This year’s record total is more than double the £29.5bn secured at last year’s Global Investment Summit. The government attributed the…
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US retail sales report later this week could boost the ‘no landing’ case even further
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Ethereum Proposal EIP-7781 Promises Network Performance Boost
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This article is also available in Spanish. Ethereum Improvement Proposal (EIP) 7781 aims to reduce Ethereum network slot times, expand point capacity, enhance decentralized exchange (DEX) performance, and reduce gas fees. What is the Ethereum Improvement Proposal – 7781? EIP-7781 has received attention from the Ethereum (ETH) community due to…
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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Motor Industry calls for VAT cut on electric cars and charging points to boost EV market
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The car industry is calling on the UK government to cut VAT on new electric cars and public charging points in a bid to counter the slowdown in the electric car market. The Society of Motor Manufacturers and Traders (SMMT) has written an open letter to the Chancellor, urging a…
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US awards up to $510 million to boost domestic production of protective gear By Reuters
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(Reuters) – The Biden administration said on Thursday it had granted up to $510 million to boost domestic production of personal protective equipment such as isolation gowns to restock the Strategic National Stockpile in preparation for future public health emergencies. . Why is it important The US SNS, the country’s…
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Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says
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The potential return of Donald Trump to the presidency could significantly impact the approval of exchange-traded funds (ETFs), especially XRP and Solana. The regulatory environment for these digital assets, which have been criticized for some time, may be more favorable as a result of the Trump administration, according to Bloomberg…
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Trump’s Return To Power Could Boost XRP And Solana ETFs, Analyst Says
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The potential return of Donald Trump to the presidency could significantly impact the approval of exchange-traded funds (ETFs), especially XRP and Solana. The regulatory environment for these digital assets, which have been criticized for some time, may be more favorable as a result of the Trump administration, according to Bloomberg…
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Companies House introduces new penalties to boost compliance and corporate transparency
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Companies House has implemented a new sanctions regime aimed at improving compliance and transparency at the UK companies register, with a focus on cracking down on abuse and economic crime. Registered companies are urged to fulfill their legal obligations, such as submitting confirmation statements in a timely manner, to avoid…
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Euro firms against dollar, yuan jumps on China’s stimulus boost By Reuters
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By Ray Wee and Linda Pasquini LONDON/SINGAPORE (Reuters) – The euro edged up against the dollar on Wednesday while the yuan hit its strongest level in more than a year as China’s aggressive stimulus package provided the latest boost to risk appetite. The US dollar – the traditional safe-haven currency…
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Vietnam’s leader Lam meets US corporations, pledges to boost tech economy By Reuters
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Vietnamese President To Lam has pledged to expand the country’s semiconductor and artificial intelligence industries during meetings with major U.S. companies in New York, as the communist-ruled nation seeks more investment from technology and other U.S. firms. Lam, on his first visit to the United States as Vietnamese president, is…
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Trump Media shares crash to record low even as new polls gives ex-president’s campaign a boost
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Donald Trump’s political fortunes are beginning to diverge from his financial fortunes. Shares of the former president’s social media company fell to an all-time low on Monday, even as the latest polls suggested he gain ground In a few key states in the Sun Belt of the country. Until recently,…
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Jupiter DEX Aggregator Acquires SolanaFM, Coinhall To Boost Solana Ecosystem
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Image: crypto-economy.com The decentralized finance (DeFi) landscape is constantly evolving, with innovative platforms emerging to meet the growing demand for seamless and efficient trading experiences. At the forefront of this transformation is Jupiter, a leading aggregator of decentralized exchanges (DEXs) on the Solana blockchain. In a strategic move to enhance…
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Jupiter DEX Aggregator Acquires SolanaFM, Coinhall To Boost Solana Ecosystem
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Image: crypto-economy.com The decentralized finance (DeFi) landscape is constantly evolving, with innovative platforms emerging to meet the growing demand for seamless and efficient trading experiences. At the forefront of this transformation is Jupiter, a leading aggregator of decentralized exchanges (DEXs) on the Solana blockchain. In a strategic move to enhance…
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UK Retailers Enjoy 40% Boost in Summer Sales as Price Cuts Drive Demand
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According to data from e-commerce marketing platform Omnisend, retailers across the UK saw a 40% increase in product sales during the summer of 2024. This rise came after a busy sales season in June, July and August, with 237,000 additional sales recorded compared to the same period in 2023. Total…
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Fed Interest-Rate Cut Hopes Lift Yen, Boost Bonds: Markets Wrap
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(Bloomberg) — Bonds rose as traders braced for the U.S. Federal Reserve to cut interest rates, expectations that also lifted the yen. Most Read from Bloomberg Stock markets began a crucial week with quiet moves, with Europe’s benchmark STOXX 600 index down while US stock futures were flat as investors…
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S&P 500 closes up on tech boost; inflation data dents hopes for big Fed rate cut By Reuters
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By Sinead Carew and Shashwat Chauhan (Reuters) – U.S. stocks closed higher on Wednesday, lifted by technology shares, offsetting investor disappointment in an early-morning inflation report that dampened hopes the Federal Reserve will cut interest rates by 50 basis points next week. The S&P 500 technology index fell, but rose…