FX

ECB confirms remuneration ceiling for euro area government deposits and adjusts remuneration of other non-monetary policy deposits

Retrieved on: 
Thursday, April 18, 2024
Remuneration, Failure, Reproduction, FMI, Government, European Economic Area, ECB, Risk, Treaty, Frankfurt, Policy, Communication, Council, European, ERMS, FX, Press, Decision, European Central Bank, Security (finance)

Stock market development and familiarity (language and distance) are considered key determinants for home bias.

Key Points: 
  • Stock market development and familiarity (language and distance) are considered key determinants for home bias.
  • The literature neglects however that investors often invest in foreign funds domiciled in financial centers.

SWEF: February 2024 NAV

Retrieved on: 
Wednesday, April 10, 2024
FX, Movement, NAV

(2) Euro amounts drawn and future cash commitments converted at the month end spot rate.

Key Points: 
  • (2) Euro amounts drawn and future cash commitments converted at the month end spot rate.
  • The difference between amounts drawn in the table above and “Loans advanced” in the first table is accrued income and impairment provisions.
  • Reconciliation of NAV per share movements for the month ended 29 February 2024:
    (4) Operating Income available to distribute comprises loan income recognised in the period less the cost of debt facilities utilised by the Group and operating costs incurred.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.

EQS-News: SYNLAB delivers robust performance in FY 2023

Retrieved on: 
Wednesday, April 10, 2024
AOP, EV, COVID, Growth, Synnovis, Supervisory board, North, Environment, COVID-19 testing, FY, EPS, Cinven, COVID-19, Hospital, Sale, Acquisition, GBP, Ontario Teachers' Pension Plan, Novo Nordisk Foundation, Term loan, FX, Movement, State, Pharmaceutical industry

Synnovis, the South East London hospital outsourcing contract grew 12.2% in 2023 and contributed 0.6pts to the overall 2023 underlying organic growth.

Key Points: 
  • Synnovis, the South East London hospital outsourcing contract grew 12.2% in 2023 and contributed 0.6pts to the overall 2023 underlying organic growth.
  • FY 2023 adjusted EBITDA (AEBITDA) was €438 million (FY 2022: €753 million) while adjusted operating profit (AOP) was €194 million (FY 2022: €508 million) with margins of 16.6% (FY 2022: 23.2%) and 7.4% (FY 2022: 15.6%), respectively.
  • In FY 2023, adjusted net profit (Group share) was €44 million (FY 2022: €342 million), mainly due to lower COVID-19 testing volumes and higher net finance costs.
  • FY 2023 unlevered free cash flow (uFCF) was €74 million (FY 2022: €312 million).

Moomoo Announces Global Strategic Partnership with Nasdaq

Retrieved on: 
Friday, April 5, 2024
AAPL, Partnership, HERE, FX, Ticker, ETF, Cryptocurrency

3-Month Subscription of Nasdaq TotalView(R) Made Possible on Moomoo App, Creating the Best US Stock Trading Platform for Canadians

Key Points: 
  • Toronto, Ontario--(Newsfile Corp. - April 4, 2024) - Moomoo , the world's leading investment and trading platform, is proud to announce a global strategic partnership with Nasdaq, a premier provider of platforms and services for global capital markets.
  • From today onwards, moomoo users can register HERE for 3-month Nasdaq TotalView ® free subscription, making all Nasdaq level 2 US stock market data available at their fingertips.
  • Adding Nasdaq TotalView®, investors can now make well-informed decisions at ease and with confidence, on the next-gen all-in-one investment super-app, moomoo.
  • The user-friendly data solution of moomoo enables global investors to make well-versed decisions with real-time insights readily available anytime anywhere.

CMS Prime Secures Seven Prestigious Titles for Trading Excellence

Retrieved on: 
Thursday, March 14, 2024
FX, CMS, History, Risk management, Investment, Heart, Environment, Financial services

Best Execution Broker 2014: Recognized for its exceptional execution of trades, CMS Prime sets the standard for excellence in brokerage services.

Key Points: 
  • Best Execution Broker 2014: Recognized for its exceptional execution of trades, CMS Prime sets the standard for excellence in brokerage services.
  • Best Retail FOREX Broker 2015: Acknowledged for its dedication to serving retail traders, CMS Prime is honored for its commitment to client satisfaction.
  • Best Transparent FOREX Broker 2020: Praised for its transparency and integrity, CMS Prime ensures that clients have access to clear and accurate information about pricing, fees, and trading conditions.
  • Most Outstanding Global Forex Broker 2022: CMS Prime's global presence and unmatched expertise in forex trading are celebrated with this prestigious award, highlighting its significant contributions to the industry.

Webtel.mobi publishes a detailed article on why the US Dollar is not under threat as Global Reserve Currency, nor a consideration for Global Financial Reform

Retrieved on: 
Thursday, March 28, 2024
CHIPS, Finance, Learning, Stasis, Financial services, Travel, ALL, Local, Routing, City, Parity, Senior management, TCH, Communication, Control, Fiat, Telecommunications, Policy, World War II, Person, RTAI, Station, Global Telecommunications System, Management, CIPS, Distribution, Old, Security, FX, Global financial system, Uber, Signal, Telephony, CLS Group, RTGS, IBAN, Comment, Financial system, Payment card, Wi-Fi, Paralysis, LCH, Local currency, Fedwire, CME, Global Operations, Centralisation, Century, Platform 1, Conversion, Cryptocurrency

It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.

Key Points: 
  • It is rather the Global System over which all currencies are transacted that creates all global imbalances, weighted advantages or potential reform solutions.
  • Through these decisions, so-called Reserve Currencies, Illiquid Currencies, Exchange Rates, Currency Flows, Currency Exchange and all other aspects of the Global Economic and Financial System are determined.
  • This situation is – and will be – impossible to alter without reform of the Global Financial System.
  • The Global Financial System functions like a railway network, with:
    A System of Railway Tracks on which all Carriages (i.e.

RYVYL Reports Record Full Year 2023 Revenue of $65.9 Million, Up 100% Compared to 2022

Retrieved on: 
Tuesday, March 26, 2024
Conference, Growth, Q&A, Optical disc image, Partnership, International, R3, SAN, History, Acquisition, Table, Fourth, Ecosystem, Depreciation, FX, ISO, ACI Worldwide, Account manager, Fiscal, Nisan, Cryptocurrency

SAN DIEGO, CA, March 26, 2024 (GLOBE NEWSWIRE) -- RYVYL Inc. (NASDAQ: RVYL) ("RYVYL” or the "Company"), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic token technology for the diverse international markets, reported its financial results for the fourth quarter and fiscal year ended December 31, 2023.

Key Points: 
  • Record fourth quarter 2023 and fiscal year 2023 revenue both doubled to $22.3 million and $65.9 million, respectively, over the same time periods in 2022.
  • 2023 FX and International payments had $590 million in business volume, 14% higher than the third quarter 2023.
  • Q4 2023 North America revenue increased 85% to $16.6 million and international revenue increased 165% to $5.6 million, compared to Q4 2022.
  • North America revenue increased 71% to $48.9 million and EU revenue increased 294% to $16.9 million, compared to 2022.

Greif Completes Acquisition of Ipackchem

Retrieved on: 
Tuesday, March 26, 2024
Growth, Acquisition, Indian psychology, FX

DELAWARE, Ohio, March 26, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has completed its previously announced acquisition of Ipackchem Group SAS ("Ipackchem").

Key Points: 
  • DELAWARE, Ohio, March 26, 2024 (GLOBE NEWSWIRE) -- Greif, Inc. (NYSE: GEF, GEF.B), a global leader in industrial packaging products and services, announced today that it has completed its previously announced acquisition of Ipackchem Group SAS ("Ipackchem").
  • "We are thrilled to welcome an exceptional 1,400 Ipackchem colleagues to Greif," said Ole Rosgaard, President and Chief Executive Officer of Greif.
  • Ipackchem financial results will be reported within the Greif Global Industrial Packaging segment.
  • Financial expectations for the FY24 ownership period of Ipackchem will be included in the guidance provided in the Company’s second quarter 2024 earnings release.

Tradeweb to Acquire ICD, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals

Retrieved on: 
Monday, April 8, 2024
Technology, Finance, Consulting, Fintech, Banking, Professional Services, Software, Data Analytics, Asset Management, Spinal muscular atrophies, Growth, Risk, Webcast, Research, Acquisition, ICD, Investment, Treasury, Analytics, FX, Multimedia, Hand, Kirkland & Ellis

The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.

Key Points: 
  • The company has a stable, growing and loyal client base, with 99% client retention and an exceptional net promoter score.
  • Portfolio Analytics is an AI-driven cloud solution for aggregating positions across a corporate treasury's entire portfolio for analysis and reporting.
  • Tradeweb CEO Billy Hult said: “ICD is an exceptional opportunity to acquire a leading investment platform for corporate treasurers, a fast-growing channel within fixed income markets and a strong strategic fit for Tradeweb.
  • As part of Tradeweb, ICD will also be positioned to drive the adoption of electronic trading for corporate treasurers.

12 Productions Projected to Bring in More Than $1.1 Billion to California's Economy, Employ 4,500 Cast and Crew

Retrieved on: 
Monday, April 8, 2024
Odyssey, Narration, ABC, Nuclear fallout, NCIS, Imani Entertainment, Leroy Jethro Gibbs, Film, History, The Pitt, CFC, A Runaway Girl, Bell, Love, Executive producer, Workforce, FX, Blood Ties, Television, Film industry

HOLLYWOOD, Calif., April 8, 2024 /PRNewswire-PRWeb/ -- Today, the California Film Commission (CFC) announced $152 million in tax credits for 12 television projects – one relocating series, three recurring television series, and eight new television series – as a part of its Film and Television Tax Credit Program, including one of the largest relocating series in the history of the program.

Key Points: 
  • Leading the charge is Amazon MGM Studios' "Fallout," which is relocating from New York.
  • Set against the backdrop of post-apocalyptic Los Angeles, this groundbreaking series is coming home for its second season, thanks to this tax credit.
  • We take pride in productions choosing to pack up and relocate to our great state from other jurisdictions."
  • For the full list of ongoing television productions that are a part of the Tax Credit Program, see here .