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Trading
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…
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…