Financial markets
The Supreme Court has quashed the convictions of Tom Hayes and Carlo Palombo, two financial market traders who were jailed for manipulating benchmark interest rates. The court found that the jury had been misdirected by the trial judges, rendering their convictions unsafe. Hayes was found guilty of conspiring to defraud
Financial markets
The Supreme Court has overturned the convictions of two former traders, Tom Hayes and Carlo Palombo, who were found guilty of manipulating the London Inter-Bank Offered Rate (LIBOR) and the Euro Interbank Offered Rate (Euribor) in 2015 and 2019 respectively. Conservative MP Sir David Davis has described the case as
Financial markets
The Reserve Bank of India's July 2025 issue of its monthly Bulletin features four speeches, four articles, and current statistics. The Bulletin provides an analysis of the state of the economy, the impact of global crude oil price movements on headline inflation, determinants of overnight uncollateralised money market
Financial markets
The Real Estate Investment Trust (REIT) reported improved performance metrics in the first quarter of 2025, driven by a stable operating environment characterized by restrictive monetary policy and a robust agricultural season. The property market maintained its position as a favored investment avenue, with real estate offering capital preservation and
Financial markets
China Daily reported on January 28, 2025, that Unitree Robotics, a Chinese manufacturer of humanoid robots, has begun preparations for an initial public offering (IPO) on the Shanghai Stock Exchange's STAR Market. This move marks the company's entry into the capital market as it aims to
Financial markets
The Dubai Residential REIT stock remained stable on July 22, 2025, with no change in price at its initial opening and closing price of 1.27. The trading session saw a high of 1.27 and a low of 1.25, indicating a consistent price range throughout the day. The
Financial markets
The House of Representatives has taken steps to investigate 25 insurance companies in Nigeria for alleged financial infractions, which have resulted in the loss of billions of dollars in revenue for the federal government. According to Mr. Kwamoh Laori, the Chairman of the House Sub-Committee on Capital Market and Institutions,
Financial markets
The Supreme Court is set to announce its judgment on two former financial market traders who are challenging their convictions for manipulating the London Inter-Bank Offered Rate (Libor) and Euro Interbank Offered Rate (Euribor). Tom Hayes, a former trader at Citigroup and UBS, and Carlo Palombo, a former vice president
Financial markets
The House of Representatives has commenced an investigation into the non-remittance of multi-billion-naira revenue by 25 erring insurance companies operating across the country. The chairman of the House subcommittee on capital market and other Institutions, Hon. Kwamoti Laori, expressed displeasure over the absence of the Chief Executive Officers of the
Financial markets
Lulus, a California-based luxury fashion brand for women, has regained compliance with the minimum bid price requirement for listing on the Nasdaq Capital Market. The company announced that it had met the requirement of maintaining a minimum closing bid price of $1.00 or more for at least 10 consecutive
Financial markets
As the White House continues to attack Federal Reserve Chairman Jerome Powell, a prominent financial expert is calling for Powell's resignation to safeguard the central bank's independence. Mohamed El-Erian, a respected voice in the bond market, stated that protecting the institution's independence is crucial,
Financial markets
SciSparc Ltd., a clinical-stage pharmaceutical company, has regained compliance with Nasdaq's Listing Rule 5550(a)(2) after maintaining a minimum bid price of $1.00 per share for 10 consecutive business days. This milestone was confirmed by a written notice from The Nasdaq Stock Market LLC on July
