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Bond Market Selloff Extends After Seismic German Spending Pledge
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iForex “Increased Marketing for the IPO, but Results Didn’t Follow Due to Listing Delay”: CEO
“We increased marketing spend before the IPO to increase our brand visibility and gain traction, iForex’s CEO, Itai Sedah, told Finance Magnates in an interview after the broker published its first results as a public company, but “we did not gain that benefit of being a public company after the listing postponement.” The broker is…
China cracks down on “zero-mileage” auto exports used to inflate sales and claim tax perks | investingLive
China has introduced new rules to curb the export of “zero-mileage” vehicles — brand-new cars registered as used — in a bid to stop automakers overstating sales and claiming tax benefits tied to inflated export volumes. The practice has drawn scrutiny as China becomes the world’s largest car exporter, with domestic manufacturers grappling with intense…
Metals are lost in translation; Risk-assets or Safe-Haven? – Silver (XAG/USD), Gold (XAU/USD) & Copper (XCU/USD) Outlook
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Citi, HSBC, Morgan Stanley and RBC Fined by UK Competition and Markets Authority
The UK’s Competition and Markets Authority (CMA) said Friday that it has fined Citi, HSBC, Morgan Stanley, and Royal Bank of Canada (RBC) a combined £104.5 million for exchanging sensitive information about UK government bonds, known as gilts. According to the CMA, individual traders at each bank shared competitively sensitive pricing information via private one-to-one…
