Financial markets
Klarna, a Swedish fintech company, saw its pre-tax loss widen to $92 million in the first quarter of the year, despite revenue growth and a significant increase in the number of retailers using its services. The company's loss was attributed to one-off costs such as share awards and
Financial markets
The Range Cancer Therapeutics ETF, offered by Exchange Traded Concepts, LLC, has been ordered to close and liquidate its assets by the ETF Series Solutions Board of Trustees. The liquidation is set to take place on May 27, 2025, and shares of the fund will no longer be traded on
Financial markets
South Korea's presidential hopefuls, Lee Jae-myung and Kim Moon-soo, have made competing promises to bolster the nation's stock market and attract foreign investors, but their plans are being tested in the face of a significant sell-off by non-Korean investors. Foreign investors have offloaded over 40 trillion
Financial markets
Gold prices have seen unprecedented surges since 2023, reaching a series of all-time highs, as investors increasingly turn to gold as a safe-haven asset in times of high geopolitical risk and policy uncertainty. The US presidential election of November 2024 and the subsequent spike in policy uncertainty have led to
Financial markets
Dubai Investments PJSC, the leading diversified investment company listed on the Dubai Financial Market (DFM), showcased its extensive capabilities across key sectors, including glass, aluminium, steel, metal, lighting, polystyrene, and pharmaceuticals, at this year's Make it in the Emirates forum. The company's participation highlighted the contributions
Financial markets
Rachel Reeves, Economic Secretary to the Treasury, has announced that the government will not be reducing the £20,000 annual tax-free cash ISA limit, contrary to earlier speculation. The announcement comes after months of speculation that the Chancellor was considering cutting the limit to as little as £4,000. The
Financial markets
Chancellor Rachel Reeves has confirmed that the government will not reduce the £20,000 limit on cash ISA deposits, despite speculations that the limit could be slashed to encourage investment. Reeves emphasized the importance of preserving the current tax-free investment limit, stating that she wants people to get better returns
Financial markets
AirNet Technology Inc., a leading provider of telecommunications services, has issued a press release announcing that it has received a notification from The Nasdaq Stock Market LLC (Nasdaq) due to its failure to meet the minimum stockholders' equity requirement for continued listing on the Nasdaq Capital Market. The notification,
Financial markets
The Vietnamese stock market started the week on a low note as the VN-Index dipped below the 1,300-point psychological threshold. Despite improved liquidity and some gains from a few large-cap stocks, the market was dragged down by selling pressure. The VN-Index on the Ho Chi Minh Stock Exchange (HoSE)
Financial markets
Rachel Reeves, the Chancellor of the Exchequer, has announced a reversal of her plans to reduce the tax-free ISA savings allowance. This decision comes after facing mounting pressure from the banking industry, which vehemently opposed the proposed changes. According to sources, the Chancellor will not lower the £20,000 annual
Financial markets
Moller Mobility Group, a leading manufacturer of mobility solutions, has made a significant move to reshape its capital structure. The company has announced plans to buy back the remaining outstanding bonds due in March 2026 at par value, effectively terminating its investment-grade credit rating from Nordic Credit Rating. This decision
Financial markets
The Reserve Bank of India (RBI) has taken measures to inject liquidity into the system, with a focus on supporting economic growth. The bank has announced a slew of liquidity measures, including the Liquidity Adjustment Facility (LAF) and the Standing Liquidity Facility (SLF). The measures are aimed at addressing the
