Category: firms
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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…
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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…
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Hawaii Crypto Firms Freed From Money Transmitter License
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In a historic move, the Hawaii Department of Commerce and Consumer Affairs (DCCA) has announced that crypto businesses operating within the state will no longer require a Money Transmitter License (MTL) as of June 30, 2024. This strategic decision comes after the expiration of Digital Currency Innovation Lab (DCIL)a regulatory…
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Hawaii Crypto Firms Freed From Money Transmitter License
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In a historic move, the Hawaii Department of Commerce and Consumer Affairs (DCCA) has announced that crypto businesses operating within the state will no longer require a Money Transmitter License (MTL) as of June 30, 2024. This strategic decision comes after the expiration of Digital Currency Innovation Lab (DCIL)a regulatory…
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Asia FX muted as dollar firms before PCE data; yen on intervention watch By Investing.com
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Investing.com — Most Asian currencies remained range-bound on Friday, with the dollar holding near two-month highs ahead of key inflation data likely to weigh on the Federal Reserve’s interest rate outlook. The dollar’s strength has pushed the Japanese yen further below levels traders initially expected would attract government intervention. Mixed…
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Asia FX sees some relief as dollar cools; yen firms amid intervention talk By Investing.com
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Investing.com — Most Asian currencies rose slightly on Tuesday as the recent rally in the dollar slowed, with the Japanese yen gaining some strength amid speculation about government intervention and interest rate hikes by the Bank of Japan. But sentiment towards Asian markets remained fragile due to the possibility of…
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Insurance firms swamped by surge in floods damage claims
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Widespread flooding that hit Kenya in March and April left insurers struggling to meet claims worth Sh3.1 billion, as the effects of climate change became a major risk to insurers. Latest data from the Insurance Regulatory Authority (IRA) indicates that insurance companies settled Sh147.3 million or less than 5.0 percent…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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24 Taiwan Crypto Firms Unite To Forge Self-Regulatory Virtual Asset Service Provider (VASP)
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Taiwan’s booming cryptocurrency industry has reached a pivotal turning point, as a consortium of 24 leading digital asset companies have joined forces to create the Taiwan Virtual Asset Service Providers (VASP) Association. This strategic move comes as the Taiwanese government seeks to introduce a comprehensive regulatory framework for the cryptocurrency…
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Parliament seeks urgent hearing of appeal on tax waivers to Japanese staff, firms
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Parliament has written to the Court of Appeal over delays in hearing a case challenging tax breaks given to Japanese workers and companies. In a letter to the Deputy Registrar of the Court of Appeal, Parliament indicated that the six-month suspension of the ruling repealing Section 13 of the Income…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Spain’s CNMV Warns of 8 Unregistered Forex, CFD Firms
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Spain’s National Securities Market Authority (CNMV) has issued new warnings about eight financial companies promoting investment services without proper registration. These companies lack a license from the CNMV to operate in Spain legally. Spanish CNMV flags 8 unregistered Forex and CFD entities The CNMV stated that the companies mentioned in…
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Hyperscalers And AI Firms Eyeing Bitcoin Mining Companies With Lucrative Power Deals: JP Morgan
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The world of Bitcoin mining is undergoing a major transformation, with industry giants such as JPMorgan Chase anticipating an increase in mergers and acquisitions (M&A) activity within the sector. According to a recent research report from the financial institution, Bitcoin miners with attractive energy contracts are emerging as potential acquisition…
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BritishAmerican Business Unveils Comprehensive Guide to Help UK Firms Succeed in US Markets
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British American Business (BAB) has launched the latest edition of its annual Trade and Investment Guide, an important resource for UK businesses aiming to expand their US operations. This comprehensive guide is designed to help UK businesses navigate the vast and diverse US market, and provides detailed insights into different…