Thursday, August 6

Day: 3 July 2020

Canada’s biggest banks join boycott of Facebook platforms – Reuters
Stock News

Canada’s biggest banks join boycott of Facebook platforms – Reuters

FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/File Photo TORONTO (Reuters) - Canada’s biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc (FB.O) begun by U.S. civil rights groups seeking to pressure the world’s largest social media platform to take concrete steps to block hate speech. More than 400 brands have pulled advertising on Facebook in response to the “Stop Hate for Profit” campaign, begun after the death of George Floyd, a Black man who died in police custody in Minneapolis on May 25. Canadian lenders Royal Bank of Canada (RY.TO), Toronto-Dominion Bank (TD.TO), Bank of Nova Scotia (BNS.TO), Bank of Montreal (BMO.TO), National Bank of ...
Commodities Trading and Risk Management Software Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2025 – 3rd Watch News
Commodities

Commodities Trading and Risk Management Software Market Share, Growth, Statistics, by Application, Production, Revenue & Forecast to 2025 – 3rd Watch News

The ‘ Commodities Trading and Risk Management Software market’ study added by Market Study Report, LLC, exhibits a comprehensive analysis of the growth trends present in the global business scenario. The study further presents conclusive data referring to the commercialization aspects, industry size and profit estimation of the market. The study also illustrates the competitive standing of leading manufacturers in the projection timeline whilst incorporating their diverse portfolio and regional expansion endeavors. The research report on Commodities Trading and Risk Management Software market provides a thorough assessment of this business vertical. As per the study, the market is predicted to accumulate significant revenues and showcase a substantial growth rate during the estimated time...
Sebi notifies amendments to investment adviser norms
Stock News

Sebi notifies amendments to investment adviser norms

Mumbai: The Securities and Exchange Board of India on Friday notified the investment advisers regulations making it effective from September 30,2020. In February, the Sebi board had cleared norms for investment advisers, proposing separation of advisory and distribution activities at the client level to address conflict of interest issue. Until now, investment advisers would provide advisory as well as distribute financial products to the same client. “Investment Advisers are allowed to provide implementation services (Execution) through direct schemes or products in the securities market. However, no consideration can be received directly or indirectly, at investment adviser’s group or family level for these services,” Sebi said in a statement on Friday. The fee charged by the invest...
The 4 Totally Bad Bear Recoveries: Where Is Today’s Market
Stock News

The 4 Totally Bad Bear Recoveries: Where Is Today’s Market

By Jill Mislinski In response to a standing request, here is an updated comparison of four major secular bear markets. The numbers are through Tuesday, June 30 close. It's a bit early to chart this potential bear as a result of the COVID-19 pandemic, so we are sticking with the four for now. This chart series features an overlay of the Four Bad Bears in U.S. history since the equity market peak in 1929. They are: The Crash of 1929, which eventually ushered in the Great Depression, the Oil Embargo of 1973, which was followed by a vicious bout of stagflation, the Tech Bubble crash and, the Financial Crisis following the record high in October 2007. The series includes four versions of the overlay: nominal, real (inflation-adjusted), total return with dividends reinvested and real ...
Key Words: Fauci says Americans must do 3 things to win the battle against COVID-19
Stock News

Key Words: Fauci says Americans must do 3 things to win the battle against COVID-19

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases for three decades and one of the leading experts on pandemics in the U.S. for the last four decades, dished out some harsh words to both the U.S. public and federal authorities. Fauci said SARS-CoV-2, the name for the virus that causes COVID-19, will continue to spread unless everyone ups their game. He was speaking this week at the Senate Health, Education, Labor and Pensions Committee in Washington, D.C., alongside other government officials. On Thursday, Fauci said the virus may be mutating to become more transmissible. “We don’t have a connection between whether an individual does worse with this or not. It just seems that the virus replicates better and may be more transmissible. But this is still ...
Small, microcap stocks dominate bulk deals
Stock News

Small, microcap stocks dominate bulk deals

Mumbai: Small and microcap stocks dominated the bulk deals on Friday. Companies such as GIC Housing Finance, Indiabulls Housing Finance, Justdial and Ujjivan Financial Services also witnessed bulk deals during the day. Of the frontline indices, Sensex rose 0.50 per cent or 177.72 points to close at 36,021.42, while peer Nifty climbed 0.53 per cent or 55.65 points to close at 10,607.35. Here’s who bought and sold what in some of the key bulk deals of the day: >> Nextpact sold 5,81,767 shares in Authum Investment Infrastructure at Rs 82.45 per share, while Anil Buchasia and Khazana Tradelinks bought 98,000 and 4,35,000 shares in the company at the same price, respectively. >> Prashant Ganshyambhai Ukani sold 70,000 shares of Chandra Bhagat Pharma to Goenka Business & Fina...
Europe Markets: European stocks lifted by data, but U.S. holiday keeps a lid on action
Stock News

Europe Markets: European stocks lifted by data, but U.S. holiday keeps a lid on action

European stocks were set to break a four-session win streak on Friday, with upbeat economic data overshadowed by persistent worries about rising virus cases in the U.S. That is as a holiday Stateside was set to keep a lid on trading volumes. The Stoxx Europe 600 index SXXP, -0.89% dipped 0.6% to 365.91, on the heels of a near 2% gain on Thursday. For the week, the index is poised for a 2.7% gain. Elsewhere, the German DAX 30 index DAX, -0.79% fell 0.4%, while the French CAC 40 PX1, -1.03% dropped 0.8% and the FTSE 100 index UKX, -1.43% fell 1.2% and 0.3%, respectively. Spain’s IBEX 35 IBEX, -1.42% stood out with a 1.1% drop. China’s June Caixin services purchasing managers index rose to the highest level in more than a decade. And the euro-area Market Services PMI for June came in at ...
Ripple Likely Sold XRP in an Unregistered Securities Offering
Crypto News

Ripple Likely Sold XRP in an Unregistered Securities Offering

In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering. So far, the United States Securities and Exchange Commission has not published any official statement on this, which has kept everyone guessing. To help put an end to the uncertainty, Chris Giancarlo, former chairman of the Commodity Futures Trading Commission, published a paper last week arguing that Ripple’s XRP is not a security. Giancarlo is famous for helping establish the CFTC’s stance that Bitcoin (BTC) and Ether (ETH) are not securities. So, it would seem that he is the right person to be making this case. The only trouble is that Giancarlo is no longer working for the CFTC — he is now in private practice. Not only that, but he is als...
Here’s why U.S. struggles with the coronavirus could lead to Europe’s stock market taking the lead – MarketWatch
Stock News

Here’s why U.S. struggles with the coronavirus could lead to Europe’s stock market taking the lead – MarketWatch

A growing number of prominent Wall Street institutions are making the prediction that 2020 will be the year for Europe’s stock market to outshine its U.S. counterpart as the coronavirus takes diverging tracks in the two economic powerhouses. Even as the U.S. struggles to curb the deadly COVID-19 disease, the virus hasn’t seen a resurgence in the eurozone, influencing how money managers see their respective paths of recovery. Barclays, BlackRock and other banks are now advising investors to lift their holdings of European equities, sometimes at the expense of their U.S. assets. This view has gained ground with the popularity of high-frequency data to track efforts to reopen the global economy. Analysts say they show how a rapidly rising case count is keeping Americans indoors, a factor t...
Azerbaijani banks’ demand at CBA’s foreign exchange auction rises – MENAFN.COM
Forex News

Azerbaijani banks’ demand at CBA’s foreign exchange auction rises – MENAFN.COM

(MENAFN - AzerNews) By Trend The Central Bank of Azerbaijan (CBA) held a foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ), during which Azerbaijani banks acquired $53.1 million,  Trend  reports on July 2 citing CBA. According to CBA, demand from the banks at the auction increased by 4.5 percent or by $2.8 million compared to the previous auction. Considering the number of days remaining before the next scheduled auction, as well as with the aim of ensuring uninterrupted currency trading by the banks, the demand of banks at the auction will be fully provided during weekends. The first foreign exchange auction in a long time was held with the participation of SOFAZ on March 10, 2020, during which Azerbaijani banks acquired $323.2 mill...