Category: firms
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Asia FX firms, yen strong as rate cut bets put dollar at 13-mth low By Investing.com
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Most Asian currencies rose on Monday, with the Japanese yen rising sharply amid growing bets that the Federal Reserve will cut interest rates in September, putting the dollar at a 13-month low. Most regional currencies extended their gains from last week, especially after comments from Federal Reserve Chairman Jerome Powell…
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Nearly half of 2024 corporate election spending comes from crypto firms
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Editorial by N Rotteveel/iStock via Getty Images Updated 5:40 PM ET: Title changed and details added. Crypto companies – primarily Coinbase (NASDAQ: COIN) and Ripple — have pumped more than $119 million into the 2024 U.S. election so far, according to a report from consumer advocacy group Public Citizen. according…
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Asia FX firms with Powell in focus; yen rises as BOJ’s Ueda talks rate hikes By Investing.com
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Most Asian currencies rose on Friday as the dollar’s recovery slowed ahead of a highly anticipated speech by Federal Reserve Chairman Jerome Powell, where he is expected to provide further signals on interest rate cuts. The Japanese yen was the best performer in Asia, extending a rally seen earlier this…
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Asia FX firms as rate cut bets pressure dollar; Japanese yen lags By Investing.com
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Most Asian currencies rose on Friday as continued bets on a U.S. interest rate cut put the dollar on track for a fourth straight week in the red, while the Japanese yen fell further amid improved risk sentiment. While the dollar rose from its lowest in nearly seven months on…
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Israeli defense firms retain high rankings in worlds top 100
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Elbit, Israel Defense Forces and Rafael once again top the Defense News 2024 rankings. Israel’s largest defense companies maintained their position in Defense News’ ranking of the top 100 global companies for 2024. The combined revenues of the world’s top 100 companies increased by 13% in 2023, after falling by…
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Lawmaker Fights For Firms’ Easier Access to Banking
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Hong Kong has been one of the world’s most crypto-friendly regions, and so far, it seems the region is continuing to nurture this friendly relationship with the sector. Recently, Hong Kong Legislative Council Member Johnny Ng announced compressed To provide greater banking access for crypto and Web3 companies in the…
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SEC Update: Robinhood CEO Discloses Firm’s Reaction To Wells Notice
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Cryptocurrency trading platform Robinhood is still in talks with the US Securities and Exchange Commission (SEC), after A warning letter has been issued. By the Financial Regulatory Authority in May. in interview Amazon CEO Vlad Tenev revealed in an interview with Bloomberg TV that the company has filed a response…
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Asia FX firms on positive US, China readings; yen faces renewed pressure By Investing.com
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Most Asian currencies rose on Friday as positive economic readings from the United States and China helped ease recession fears, although improved risk appetite put renewed pressure on the Japanese yen. The dollar found some strength thanks to better-than-expected labor market data, although any major advance in the greenback was…
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Over 30 Chinese firms cut ties with PwC amid Beijing’s pressure over Evergrande scandal
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PricewaterhouseCoopers has seen a major loss of major clients in China after pressure from Beijing, which has urged state-owned companies to cut ties over the firm’s involvement with troubled property developer Evergrande. Over the past few months, China’s Ministry of Finance has issued “enforceable guidance” – informal verbal instructions –…
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Asia FX weak as yen falls from 7-mth peak; Aussie firms on hawkish RBA By Investing.com
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Most Asian currencies were slightly lower on Tuesday as the dollar steadied after its recent slide, with the Japanese yen retreating from seven-month highs. The Australian dollar was among the region’s best performing currencies, rising after the Reserve Bank of Australia kept interest rates unchanged but took a hawkish stance…
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Exclusive-Chinese firms stockpile high-end Samsung chips as they await new US curbs, say sources By Reuters
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By Heikyong Yang, Fanny Botkin, and Karen Freifeld SEOUL/SINGAPORE (Reuters) – Chinese tech giants including Huawei Technologies and Baidu Inc as well as startups are stockpiling ultra-wideband memory semiconductors from Samsung Electronics Co Ltd in anticipation of U.S. restrictions on chip exports to China, three sources said. Companies have ramped…
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CMA clears three more firms to trade at Nairobi coffee auction
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The Capital Markets Authority has granted full coffee brokerage licenses to three companies, allowing them to trade on the Nairobi Coffee Exchange (NCE). The regulator also granted a six-month extension to a special licence allowing New Kenya Planters Co-operative Union Plc (NKPCU) to trade as a coffee broker. The special…
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Asia FX firms on rate cut bets, yen at 5-mth high on hawkish BOJ By Investing.com
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Most Asian currencies rose on Thursday as the dollar fell after the Federal Reserve signaled an interest rate cut was imminent, while the Japanese yen hit a five-month high amid hawkish signals from the Bank of Japan. But the Chinese yuan lagged its peers, as did the Australian dollar in…
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Asia FX firms with Fed on tap; Japanese yen volatile after BOJ By Investing.com
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Most Asian currencies rose on Wednesday ahead of further signals on interest rate cuts from the Federal Reserve, while the Japanese yen was volatile after mixed signals from the Bank of Japan. The Australian dollar was an exception among its regional peers, with the currency sliding to a three-month low…
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Asia FX firms as dollar dips with Fed, BOJ on tap By Investing.com
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Most Asian currencies rose on Monday, while the dollar fell ahead of a Federal Reserve meeting this week that is likely to provide more clues about the bank’s plans to cut interest rates. The Japanese yen was among the best performing currencies, with the currency gaining further on Monday after…
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Brevan Howard’s new fund to target firms with crypto on balance sheets: report
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Brevan Howard’s crypto hedge fund has launched a new unit that will help companies generate more returns on their cryptocurrency treasuries. Brevan Howard Digital, the cryptocurrency arm of Brevan Howard Asset Management, has unveiled a new unit aimed at boosting returns for companies that hold cryptocurrencies as a reserve asset.…
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Brevan Howard’s new fund to target firms with crypto on balance sheets: report
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Brevan Howard’s crypto hedge fund has launched a new unit that will help companies generate more returns on their cryptocurrency treasuries. Brevan Howard Digital, the cryptocurrency arm of Brevan Howard Asset Management, has unveiled a new unit aimed at boosting returns for companies that hold cryptocurrencies as a reserve asset.…
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Record £48 Million in Fines Levied by UK Watchdog on Audit Firms
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Britain’s accounting watchdog, the Financial Reporting Council, has imposed a record £48.2m in fines over the past year, after completing several high-profile investigations, including audits of Carillion and London Capital & Finance. The Financial Reporting Commission, which oversees the country’s audit and accountancy firms, has surpassed its previous record of…
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Political storms won’t curb military spending boom, defence firms say By Reuters
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By Joe Brock and Joanna Ploczynska FARNBOROUGH, England (Reuters) – Defence companies are confident that Western governments will continue to boost arms spending to counter Russia and China, shrugging off concerns that political turmoil in the United States and Europe could curb military budgets. Global defence spending hit a record…