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Thousands of cleared asylum claims to be returned to Home Office after errors
Thousands of asylum cases that Rishi Sunak claimed had been cleared are on course to be returned to the Home Office because of soaring appeals blamed on “rushed” decisions and processing errors. Legal challenges were lodged against more than 29,000 decisions in 2022-23, almost four times the figure seen the previous year, causing a new…
Why stock markets like today’s economic data | investingLive
There are two things that the market considers with economic data: What the Fed will do What the Fed should do Now those two things are usually aligned but not always. The heavy politicization of the Fed has the market worried about unwise rate cuts now and into next year. Today’s UMich consumer sentiment and…
Euro’s Second Chance – Action Forex
Trade war de-escalation. The Fed will continue to cut rates. Politics is holding back the euro. Verbal interventions are helping the yen. The de-escalation of the US-China trade conflict has shifted market attention to central bank monetary policy. Finance Minister Scott Bessent said that the negotiations had created a successful framework for the two countries’…
Meta Platforms (META) Shares Fall to Key Support
In November, Meta Platforms (META) shares have shown bearish momentum following the company’s quarterly report, which included a one-off income tax expense of $15.93 billion (as previously noted). Investor concerns have been further fuelled by the company’s plans to raise capital expenditure to $70–72 billion in 2025, aimed at expanding data centre infrastructure and acquiring…
Finalto Appoints New CFO
On Thursday, prime brokerage Finalto announced the appointment of Simon Ormrod as its new Chief Financial Officer. The news follows last week’s announcement that Finalto had appointed Pablo Quiroga Gomez as its Chief Operating Officer for the UK. The company, which provides bespoke fintech and liquidity solutions, said in its press release that Ormrod will…
