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...The firm, which trades tens of thousands of products, including currencies, exchange traded funds and options, reported profits of $5.9bn in 2023 and $6.7bn in 2022....
...The majority owner of Motel One Group has taken full control of the budget hotel chain in a transaction that values it at €4.1bn, the latest sign of a return to dealmaking in the hospitality sector following...
...In currency markets, the strong retail sales figures boosted the US dollar index, which tracks the world’s dominant currency against six international peers....
...It suffered the biggest drop among major currencies in the world this month, falling nearly 4 per cent. The currency has lost 8.7 per cent of its value this year....
...Cumulative average daily returns while Wall Street is closed come to 26.4 per cent, against 9.9 per cent during US trading hours, CCData said....
...Asian markets declined on Friday with the exception of Japan, as traders reacted to the increased likelihood of fewer interest rate cuts in the US....
...The world’s largest money manager reported a 36 per cent year-on-year jump in net income to $1.57bn in its fiscal first quarter, on an 11 per increase in revenue to $4.7bn....
...Binance, which faced a backlash from the FCA in 2021 when the regulator said it would be incapable of supervising the sprawling group after it failed to respond to basic queries, paid $4.3bn to US authorities...
...Ether, the second most popular cryptocurrency, is down 8 per cent in the past week. Rival coins dogecoin and cardano are down 4 per cent and 12 per cent respectively....
...Yields on US government debt pushed higher as prices fell. Yields on rate-sensitive two-year Treasuries added 0.04 percentage points to 4.97 per cent....
...price of about $2,374 an ounce to reach $4,000 in “the not so distant future”....
...It managed to notch up losses of $58mn last year, on revenues of just $4.1mn....
...The inflows into 11 new bitcoin exchange traded funds that received US regulatory approval in January went into reverse this week....
...Coombs added that the “easing of US monetary policy will further boost hard currency bonds” and noted that a “weaker dollar” would underpin returns from local currency debt and equities....
...“The BoI did a pretty good job defending levels beyond 4.00 per US dollar and the disclosure of central bank FX [currency] intervention firepower managed to suppress speculative short shekel flows,” said...
...In November Binance paid a $4.3bn penalty after pleading guilty to US criminal charges related to money laundering and breaching sanctions....
...US retail sales data was stronger than expected, making interest rate cuts from the Federal Reserve less likely and leading to the US dollar strengthening against Asian currencies....
...Coinbase’s attempt to kick-start its institutional business came only three weeks after US regulators approved the first bitcoin exchange traded funds, a move that was expected to help reshape trading in...
...US government debt markets were similarly calm, with the yield on benchmark 10-year Treasuries dipping 0.02 percentage points to 4.00 per cent....
...Some eurozone policymakers, as in the UK, may want to avoid cutting rates much more aggressively than their counterparts in the US, partly out of fear of weakening their currencies and so further stoking...
...inflation rises to 3.5% European Central Bank holds interest rates at 4% in contested decision US inflation eases to 2.4%, according to Federal Reserve’s target index UK economy slipped into recession...
...The Securities and Exchange Commission hit Binance, the world’s biggest crypto exchange, with a record $4.3bn fine in November for crimes including failing to protect against money laundering and breaching...
...The EU’s Markets in Crypto Assets will start taking effect towards the latter half of the year; in the US half the CFTC’s actions last fiscal year were taken against digital assets....
...The rest of the G10 group of heavily traded currencies are down against the dollar, with the euro losing 0.9 per cent, the Canadian dollar down 1.7 per cent and the Japanese yen sliding 4.1 per cent....
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