Quick Look: Real GDP grew from 6.2% in 2021 to 8.5% in 2022, driven by a 20.8% expansion in the extractive sector. Inflation rose to 9.1% in 2022, with the budget deficit widening to 2.8% of GDP due to increased government spending. The DRC faces significant climate adaptation costs of $48.7 billion by 2030, against …
DRC Economic Outlook: GDP Growth of 8.5% in 2022 Read More »
Quick Look: Anglo American declined a $43 billion takeover bid from BHP Group, citing undervaluation. Plans to divest steelmaking coal assets and demerge platinum operations. Slows Woodsmith fertiliser project, reducing 2025 spending to $200 million. Anglo American PLC (AAL.L), a global mining giant, announced on Tuesday the potential break-up of its diversified assets. This announcement …
Anglo American Rejects $43B BHP Bid, Plans Break-up Read More »
Quick Look: Current price falls to $1,041.05, down 2.91% today and 5.32% annually. Influenced by geopolitical events and shifts in auto industry demands. Palladium futures remain active, with an uncertain market outlook. In recent trading sessions, palladium has witnessed a notable decline. The current price reached $1,041.05. Thereby showing a daily decrease of 2.91% and …
Exness, based out of Cyprus, ended October with an unprecedented trading volume exceeding $4.8 trillion. The record-breaking outcome for the forex and CFDs broker signals an 8.2% increase from the previous month’s figures. With its recent trading volume, Exness now stands on the verge of reaching the significant $5 trillion milestone. The volume for October …
Exness Sets New Record: $4.8 Trillion Trading Volume Read More »
CAPEX.com, a retail forex and contracts for differences (CFDs) broker, has broadened its global reach by acquiring the WiredMarket’s client portfolio, a firm with a significant base in Greece. CAPEX.com’s First M&A Deal On Thursday, the company announced the acquisition, marking their first venture into mergers and acquisitions since its establishment as CFD Global.com in …
CAPEX.com Aquires WiredMarket’s Client’s in Greece Read More »
On Friday, FxPro, an online forex broker, announced that it had included cryptocurrency trading in its cTrader accounts. The feature enables traders to access cTrader accounts and create new ones under their profiles. BTC, ETH, and XRP Available FxPro now supports Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) on cTrader, along with 28 cryptocurrency contracts …
FxPro Introduces Crypto CFDs to cTrader Platform. Read More »
During the first half of next year, Admirals Group AS, the parent company of FX/CFDs brokerage Admirals, will merge with its Estonian subsidiary, Admirals Markets AS. To accomplish this, the firm will withdraw the subsidiary’s investment company license, which may happen by August of this year. On Thursday, the company based in Estonia announced its …
Admirals Ends Estonian License Amid Global Consolidation Read More »
Scammers aren’t anything new in the forex space. They have existed just about as long as finance itself, and the proliferation of online trading has only encouraged them. Online regulators are easier to avoid, and people investing in online trading seem to be less careful. That has allowed online scammers to thrive and make digital …
In February, Exness achieved a remarkable milestone by attaining an all-time high trading volume of over $3 trillion and surpassing 500K active customers! This February, the broker shattered its previous trading record of $2.82 trillion set in January with a remarkable monthly figure of $4 billion! Compared to last year’s figures, this was double what …
Exness Hits $3 Trillion in February Trading Volume. Read More »
Exness recorded a new high in trading volume for a retail brokerage platform in January. The published figures show that the broker recorded an overall trading volume of $2.82 trillion. The new record exceeded Exness’s prior $2.81 trillion set in August and was about 12% greater than December’s reported figure. On a year-over-year basis, there …
Exness Records New High of $2.82T January Trading Volume Read More »
The US dollar changed a little in European morning trade on Thursday. Markets are eagerly awaiting US GDP data before taking new positions. The dollar index was steady at 101.39. Individual crosses were there same. The euro rose by less than 0.16% to $1.0964, and the pound by less than 0.1% to $1.2406. The fourth …
Cryptocurrency Versus The Nigerian Central Bank The Central Bank of Nigeria (CBN) has adopted a cautious and unfavorable stance toward cryptocurrencies in Nigeria. The CBN warned banks and other financial institutions from trading in cryptocurrencies in a January 2017 statement noting the possible hazards to customers and the financial system. The bank also cautioned that …
On Thursday, Kenya’s Capital Markets Authority (CMA) granted a license to Estonia-based Admirals – a non-dealing online forex trading broker. It is an incredible leap forward in global financial technology and marks yet another success for Kenya! Admirals is confident that gaining this license will pave the way for further expansion in Africa, granting access …
Admirals Acquires Kenyan License, Eyes Seychelles Takeover Read More »
According to experts, a regulatory framework for digital assets should be published in the next stage. The South African regulatory body sees cryptocurrencies as a digital representation of value. The rules provide provisions for South African-based Defi firms and cryptocurrency exchanges. The Financial Sector Conduct Authority (FSCA) of South Africa has declared that cryptocurrencies are …
Cryptos Are Considered As Financial Products in South Africa Read More »
Trade.com, a fast-growing trading brand in Trade Capital Holding’s retail markets, has established a representative office in Dubai and obtained a new license from the Government of Dubai. Roei Gavish, the Group CEO of Trade Capital Holding, said that their new Dubai office would help them develop business partnerships and collaborations in MENA and APAC. …
Trade.com Gets License in Dubai, Eyes for US and Italy Read More »
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