Category: firms
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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…
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Asia FX firms as dollar stalls amid rate cut bets, political uncertainty By Investing.com
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Most Asian currencies rose on Tuesday, while the dollar fell as the greenback’s recovery slowed due to continued expectations of interest rate cuts and uncertainty over the 2024 presidential election. However, sentiment towards Asia remained restrained by concerns about China, amid signs of a slowing economic recovery and uncertainty about…
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UK building firms face worst recruitment problems, survey shows By Reuters
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LONDON (Reuters) – Construction and engineering companies are bearing the brunt of Britain’s labour shortage, a survey showed, highlighting the challenge facing Prime Minister Keir Starmer in delivering on his plans to boost housing and infrastructure. The British Chambers of Commerce’s quarterly recruitment survey showed 82% of construction and engineering…
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Wall Street is bullish on stocks for the 2nd half of the year. Here are each firm’s exact forecasts.
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Nour Photo/Getty Images The S&P 500’s record high this year has sparked a wave of target price increases from Wall Street. The most bullish price target for the S&P 500 is 6,000 from Evercore ISI, representing a gain of about 7%. Key upside factors include the benefits of artificial intelligence,…
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Asia FX rises ahead of nonfarm payrolls; yen firms amid intervention watch By Investing.com
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Most Asian currencies rose slightly on Friday, recovering further as the dollar weakened ahead of key jobs data, while the Japanese yen rose sharply on speculation of possible government intervention. Elsewhere, the S&P 500 rose slightly on expectations that the Labour Party would win a landslide victory in the UK…
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Bitfinex Among Major Firms Affected by Evolve Bank Data Theft
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Cryptocurrency-friendly financial institution Evolve Bank and Trust has been implicated in a massive data breach. The bank has admitted to being aware of the incident, which involved the theft of 33 terabytes of user data. While Evolve Bank insisted that customer funds appeared to be intact, it acknowledged that hackers…