1 Minute Market Rundown – 9th June 2022 June 9, 2022 | City Talk Trade the ExtremesCrypto Needs to Bounce Soon A pretty quiet day yesterday, Euro was the biggest mover gaining against most currencies ahead of the ECB. Today marks the start of a big 48 hours for the broader risk markets with CPI tomorrow out of the USA preceded by the ECB rate decision at 12.45 and [...]
DFS reveals deliveries have dipped below expectations as supply chain issues bite June 9, 2022 DFS has revealed its production and deliveries are below expectations in the fourth quarter of the fiscal year.
Tate & Lyle snaps up Chinese dietary fibre firm as Ukraine conflict pushes up costs June 9, 2022 Tate & Lyle has inked an acquisition of a dietary fibre business in China as the syrup maker hopes to shrug off inflationary headwinds. In an update on Thursday, the former sugar-making giant said it had acquired Quantum Hi-Tech, for an undisclosed sum, to expand its presence into Chinese and Asian markets. For the year [...]
Hedge Funds hit out at London Metal Exchange over ‘conflicts-of-interest’ in nickel price fiasco June 8, 2022 The Managed Funds Association (MFA), a powerful Washington lobby group, has accused the London Metal Exchange (LME) of failing to manage its “conflicts-of-interest,” as the market faces mounting criticism over its decision to halt nickel trading last March. In comments submitted to the LME, the industry body which represents hedge funds with £2.6trn worth of [...]
Ofcom brings stronger protections for UK telephone boxes June 8, 2022 Stronger protections for public call boxes come into force today, despite the fact that 96 per cent of UK adults now own a mobile phone.
Amazon seizes more than three million counterfeit products as ecommerce giant cracks down on fraud June 8, 2022 Amazon has seized more than three million counterfeit products in the last year and referred more than 600 criminals for investigation as the tech firm tries to stamp out fraud. In its latest Brand Protection Report, the ecommerce giant revealed it has invested more than $900m and had more than 12,000 people—including machine learning scientists, software developers, and [...]
Bitcoin dominance increases as largest cryptocurrency outstrips alt coins June 8, 2022 The price of Bitcoin was back above $30k this morning, currently changing hands for around $30,500 after seeing a swift uptick last night.
1 Minute Market Rundown – 8th June 2022 June 8, 2022 | City Talk Trade the ExtremesCrypto Needs to Bounce Soon A generally quiet and rangy day for the markets which taught us little new but served to demonstrate the themes continue. All eyes are focused on the US CPI on Friday and the ECB on Thursday for clues to the relative interest rate paths. There is a little [...]
Video game giant Keywords Studios snaps up Age of Empires developer Forgotten as it eyes global expansion June 8, 2022 Video game provider Keywords Studios has snapped up development studio Forgotten Empires for $32.5m (£25.9m), cementing the firm's position as the 'go to' technical and creative services platform for the global industry.
Another one: Zopa Bank enters buy-now pay-later space June 8, 2022 Digital bank Zopa has entered the highly competitive buy-now pay-later (BNPL) space, following suit of tech giant Apple and on the toes of the likes of Klarna.