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Trading
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…
Saudi Arabia aims to increase oil prices by cutting production of 1mn barrels per day
Saudi Arabia announced that it would cut oil production to 1 million barrels per day, in an effort to boost oil prices. This announcement came after a heated meeting of Opec+ producers on Sunday in Vienna.
Prince Abdulaziz bin Salman of…
The mystery trader’s windfall on the debt ceiling sparks insider concerns
A mystery trader, who was able to predict the move by the US government to approve a 300-mile pipeline of natural gas as part a bill to prevent a Treasury default, surprised almost everyone.
Wall Street analysts expected vague promises…
AutoTrader is a leader in the booming used-car market
AutoTrader is seeing an increase in the number of people selling their cars to make some extra money during this time of cost-of-living crisis.
Autotrader estimates that the shortage of computer chip is preventing car manufacturers from…
China meets Elon Musk and calls for stable ties with the US
China called for "stable, constructive and long-lasting" relations with the US during a meeting Elon Musk. The meeting highlighted the complicated relationship between Beijing and Elon Musk, the billionaire CEO of Tesla and SpaceX.
The…
Philip Morris is on the path to becoming a ESG stock according to chief executive
Philip Morris International's chief executive says that the company, which makes Marlboro cigarettes, is on a journey to become an ESG stock in order to win back investors who have avoided the stock due to tobacco exclusion policies.…
Rishi Sunak’s visit to Washington was not a chance for the UK to sign a US trade agreement
Rishi Sunak will ignore the calls for a UK-US deal next week when he travels to Washington to meet with President Joe Biden.
The Covid-19 pandemic, and other issues like whether or not to allow certain US agricultural products to enter…
US Congress: How investment funds have become the new risk for insider trading
Steve Daines, a Republican from Montana, spoke at an hearing of the Senate Banking Committee in March of last year about the increasing role of India. He urged the US Trade Representative to begin negotiating a deal with New Delhi, and…
US Imports Rare European Wheat After Drought Devastates Crops
After a drought threw the US crop market into chaos, and local prices soared, they are now buying European wheat.
According to sources familiar with the situation, the grain is expected to arrive in Florida over the next several months.…
EU Under Pressure to Expand Access to London Clearing Houses
The EU faces increasing pressure from Europe's largest derivatives firms to radically reconsider its plans to take euro-denominated clearance from London.
Since Brexit the EU has been determined to move the clearing of strategic…
Compass Group announces a share buyback following a strong half-year result
Compass Group announced that it would buy back £750 million worth of shares, following a strong year in trading. This is doubling the amount given to shareholders since last May.
The FTSE 100 cater giant said the buyback was a result of…
Ghost trade: EU goods worth $1bn disappear in Russia
Over $1bn in EU exports that were targeted by sanctions has disappeared while transiting to Russia's partners. This "ghost-trade" is what western officials think helped Vladimir Putin's economy during the war.
Data from public sources…
Dubai’s growing commodities hub is now attracting London traders
London's commodities traders are following their Swiss counterparts to Dubai as the emirate transitions from an outpost focused primarily on crude oil to a major trading hub for energy.
Dubai has been trying to attract commodities…
Trading platforms promise to make you rich quickly.
Who wouldn't like some extra money, especially with prices soaring so high and inflation eating into people's savings. In the past, increasing earnings could have been achieved by working more hours or training for a higher-paying job. But…