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 »
Tixee, a Cyprus-based broker, has signed a sports sponsorship agreement with Apollon Limassol FC for the playing seasons 2022 through 2024. The agreement was announced on Monday and will feature Tixee’s logo on the front left side of the official kit short of Apollon Limassol FC. “It’s a pleasure to work with a company that …
The Ukraine issue is straining China’s ties with the US and the rest of the West; hence, Beijing has turned its attention to mending wounds with its neighbors. According to analysts, China’s diplomatic frenzy in the last two weeks demonstrates the importance of its neighbors in Beijing’s relationship hierarchy. Following a hectic tour of India, …
After the Ukraine Crisis, China Reaches out To Its Neighbors Read More »
The rand fell off a five-month high versus the dollar early Monday as the greenback rallied; China’s reimposition of a lockdown impacted risk-taking in Shanghai. The rand (USDZAR) was trading at roughly 14.6100 per dollar at 0605 GMT, down 0.43 percent from its closing on Friday, when it hit 14.4738, its highest level since Oct. …
The Rand of South Africa Weakening as The Dollar Strengthens Read More »
Banxso.com, a new South African exchange, is scheduled to launch on 1 April 2022. The FSCA in South Africa will fully regulate the exchange. Additionally, Banxso plans to operate in 3 more countries by the end of the year (EU countries will be regulated by CySec, UAE by DFSA, and the UK by FCA). We …
Banxso Launches in South Africa, Fully Regulated by FSCA Read More »
WHO announced the first six countries that will receive the technology to produce mRNA vaccines. Today, at the EU – African Union summit in Brussels, Dr. Tedros Adhanom Ghebreyesus, WHO Director-General, announced the first countries to receive the tech for mRNA vaccines. These countries are Egypt, Kenya, South Africa, Nigeria, Senegal, and Tunisia. The announcement …
WHO announces first tech recipients of mRNA vaccine hub Read More »
Oil prices rose on December 16 as U.S. implied consumer petroleum demand jumped to a record in the U.S. The demand for oil in the world’s top oil consumer surged even as the omicron variant of the coronavirus threatens to dent oil consumption globally. A signal from the country’s central bank to tackle inflation before …
It is getting harder and harder to maintain its zero-Covid policy, but the People’s Republic of China is not willing to change its position regarding the pandemic. More precisely, on Monday, mainland China reported its first case of the omicron Covid variant. The first patient with the omicron variant is a person who returned to …
China is Not Willing to Abandon its Covid-19 Policy Read More »
European stocks rose on Wednesday, with investors analyzing the latest information around the omicron Covid variant. The pan-European Stoxx 600 gained 0.2% by early afternoon, paring earlier gains, with healthcare stocks gaining 1.2% while retail fell 0.9%. The positive trade in the region came after a strong session on Tuesday. This week, Pfizer’s CEO Albert …
How European Stocks Reacted to Covid’s New Variant Read More »
On Tuesday, riskier currencies picked up while the dollar index remained steady as traders speculated that the new Omicron strain of coronavirus would not be as severe as previously anticipated. Asian shares made a recovery overnight. Oil prices rose as risk appetite changed following reports in South Africa this week saying that the new Omicron …
Commodity prices raised as Omicron turned out to be moderate Read More »
European stocks fell on Thursday, following a drop on Wall Street late the previous session, as the new Omicron coronavirus variant fueled market volatility. The Stoxx 600 in Europe fell 0.9% as traders reacted to the first discovery of the new strain in the United States on Wednesday and a continued rise in cases in …
