Browsing Category
Trading
Carta customers claim platform traded their shares without their consent
Carta, the $7.4 billion software company that helps start-ups track their investors' investments, is attempting to trade its customer's shares without consent. This complaint threatens to undermine confidence in this widely used platform.…
Container ships abandon the Red Sea as allies scramble for defense
On Tuesday, container shipowners abandoned one of the busiest trade routes in the world. Many of the largest cargo ships diverted to avoid the Red Sea due to the increasing attacks by Iranian-backed rebels.
AP Moller Maersk, the second…
Trial of ex-Goldman analyst and his lawyer brother for insider trading
According to the prosecution, a former Goldman Sachs lawyer and his brother (an ex-Clifford Chance attorney) committed insider trading using confidential information obtained by the elite Wall Street Bank.
Mohammed Zina and his brother…
Nasdaq Bets on Boom in “Zero Day” Options with New Contracts
Zero-day options are now being traded on various markets, including the Treasury and Commodity markets, as exchanges like Nasdaq aim to replicate the success of US stock index trading.
Nasdaq listed this week a series of new option…
ECB warns that ‘friend-shoring’ will increase prices
According to a European Central Bank study, geopolitical tensions have prompted more multinational companies signaling plans to move production to countries that are closer to their final market.
The ECB discovered that almost four times…
Denmark says EU farmers should be responsible for carbon emissions.
The Danish climate minister said that EU farmers must pay for their greenhouse gases emissions. This comes as Brussels struggles with reining in a sector which is projected to be the biggest polluter of the EU by 2040.
Lars Aagaard…
Ken Griffin, Citadel’s Ken Griffin, warns hedge funds against clampdowns to curb basis trading…
Ken Griffin, founder and CEO of the $62bn US hedge funds Citadel, warned regulators to focus on banks instead of his industry, if they wanted to reduce the risks in the financial systems stemming from leveraged wagers on US Government debt.…
Ark sees silver lining to massive ETF losses – years of tax benefits
Cathie Wood, Ark Investment Management's asset manager, has a new pitch for investors who may be worried about the huge losses the asset manager suffered due to the rising interest rates. Think of the tax write offs.
Morningstar reports…
CVC is preparing to launch its IPO as soon as next week
CVC, Europe's biggest private equity group, is set to announce that it will float its shares in Amsterdam by the end of next week.
In 2021, the firm with €161bn of assets under management was valued at €15bn as part of a private deal. …
Goldman Sachs profits fall 36% following withdrawal from retail banking
Goldman Sachs reported a 36% drop in its third quarter profits. This is the eighth consecutive quarter that earnings have fallen. The bank has been struggling with losses after its withdrawal from retail banking, and writing downs on real…
Birkenstock shares fall 13% in first day of trading
Birkenstock shares dropped by more than 10% on the first day of trading Wednesday afternoon after the German sandal manufacturer completed the third largest US listing of the calendar year.
After a long period of slowdown, the market for…
Sunak and Modi boost UK-India trade negotiations
Rishi Sunak, Narendra Modi and other officials have given a boost to the UK-Indian trade negotiations by instructing them to move "at speed" in order to reach a deal.
The UK Prime Minister and his Indian counterpart displayed a…
Market slowdown hits big traders Virtu and Citadel Securities
The recent market downturn has caused financial hardship for two of the largest trading firms in Wall Street: Citadel Securities and Virtu Financial.
Virtu reported on Wednesday a drop of 23 per cent in its net trading income…
Australia-EU trade deal stalls over meat quotas
The trade talks between Australia, the EU and Canada were suspended on Tuesday when Australian Minister Don Farrell left Brussels before settling a dispute about meat quotas.
Farrell said EU he would consult his cabinet first before he…
The AI-driven trading firms are worried about the risks AI poses to profits
After a fake photo of an explosion near Pentagon caused a short sell-off on US stocks, hedge funds and other computerized trading firms are increasingly worried about the threat artificial intelligence poses to their profits.
The S&P…
Trafigura traders share $3 billion payout on record profit
Trafigura group has paid out $3 billion in bonuses to its top executives and traders as it achieved a record-breaking profit for the six months ending March.
Trafigura has paid out the highest amount ever. This is just the latest example…
The tech sector is not optimistic about a quick US-UK digital deal
Prime Minister Rishi sunak's frustrations as he lands in Washington for a meeting with President Joe Biden to discuss economic ties .In London, James Politi, Lauren Fedor and Richard Waters are in Washington.
Insiders from the…
Binance, a crypto exchange, is being sued by the SEC as part of a new round of US regulators.
US Securities Market Watchdog sued Binance, world's biggest crypto exchange. It accused it of violating laws, including mixing billions in customer funds with a separate firm owned by the chief executive.
The Securities and Exchange…