Thursday, August 6

Day: 6 July 2020

IPO Update: Inventiva SA Looks For $102 Million U.S. IPO
Stock News

IPO Update: Inventiva SA Looks For $102 Million U.S. IPO

Quick Take Inventiva SA (IVA) intends to raise $102 million in an IPO of ADSs representing underlying ordinary shares, according to an amended registration statement. The company is developing treatments for NASH (Non Alcoholic Steato Hepatitis), MPS (Mucopolysaccharidosis) and other conditions. IVA is preparing to enter Phase 3 trials for its lead candidate for NASH, a large and quickly growing market. The IPO appears reasonably valued given the firm's stage and results to-date. Company & Technology Daix, France-based Inventiva was founded to advance a pipeline of treatment candidates for various disease conditions including NASH and MPS. Management is headed by co-founder, Chairman and CEO Frederic Cren, who was previously General Manager, Research of Abbott Laboratories (ABT) and h...
Trump’s Small Biz Rescue Bailed Out Kushner’s Family, Obama’s Aides and Other Political Elite – The Daily Beast
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Trump’s Small Biz Rescue Bailed Out Kushner’s Family, Obama’s Aides and Other Political Elite – The Daily Beast

When the Trump administration began implementing a trillion-dollar program to bail out struggling employers amid the COVID-19 pandemic, a central concern was that the president would use the program to benefit his friends and allies. It turns out that Trump’s pals weren’t the ones catching the windfall so much as Washington, D.C.’s well-off and well-connected in general. Among the entities cashing six to seven-figure checks from the federal government’s Paycheck Protection Program in recent months were a fiscal responsibility advocacy organization run by anti-tax crusader Grover Norquist, a high-powered consulting firm run by former Secretary of State Madeleine Albright, the nonprofit headed by former Trump campaign official David Bossie, and a political strategy firm linked to two alumn...
Forex Trading in Somalia • Forex Strategies • Benzinga – Benzinga
Forex News

Forex Trading in Somalia • Forex Strategies • Benzinga – Benzinga

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. The Somali central bank is not a fan of forex. Recently, Resolution Number 43/G from the institution ordered the closure of all forex trader accounts in private commercial banks.  According to officials, the lack of a strong regulatory structure within the country invited unscrupulous offshore companies to exploit regulatory loopholes and increase risk beyond acceptable metrics for the average investor. Regardless, the forex industry in Somalia is booming. Savvy investors, mostly centralized in the capital of Mogadishu, avoid Ponzi schemes and research to find well-regulated offshore brokers.  Although the Somali regulatory structure lags behind the s...
Forex Trading in France • Forex Strategies
Forex News

Forex Trading in France • Forex Strategies

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Though France ranks as a leading European economy, it faces strong headwinds because of its weakening ties to West Africa. The creation of the eco, financially loosening France from its former West African colonies, is just the latest in a series of events that some experts say will destabilize the French economy over time. France will no longer have a formal emissary on the board of the Central Bank of West African States (BCEAO). Nor will West African Economic and Monetary Union (WAEMU) members keep half of their currency reserves in France, as was the policy before. Attribution: Quora The eco remains pegged to the euro and is ultimately guaranteed through Fr...
Forex Trading in Morocco • Forex Strategies • Benzinga – Benzinga
Forex News

Forex Trading in Morocco • Forex Strategies • Benzinga – Benzinga

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. The World Bank reports growth in the Moroccan economy has been in a downtrend for the past 2 years, but perhaps this assessment reports nothing more than a healthy pullback. Morocco is currently the No.5 economy on the continent of Africa measured by gross domestic product (GDP). Attribution: Wikimedia The Moroccan currency, the dirham, is becoming a stronger currency because of the government’s liberal exchange rate policy. Greater inclusion in the global financial structure and an increasingly strong regulatory structure have contributed to the popularity of forex investing in the country. If you are looking to get started with your forex career in Morocco, r...
Forex Trading in Botswana • Forex Strategies Benzinga – Benzinga
Forex News

Forex Trading in Botswana • Forex Strategies Benzinga – Benzinga

Benzinga Money is a reader-supported publication. We may earn a commission when you click on links in this article. Learn more. Botswana was once known as the 2nd poorest country in the world. Today the southern African country is 1 of the few middle-income countries in sub-Saharan Africa. A rising middle class income has spurred retail interest in the financial markets and greater interest in forex trading.  Attribution: Wikimedia Forex traders in Botswana have an important advantage over many other countries on the African continent. According to Transparency International’s Corruption Perception Index, Botswana is ranked as the least corrupt country in Africa. The ability to trade forex is difficult in some parts of the continent, but investors in Botswana have an inside track a...
Grid Trading Strategy 2020 : Step-By-Step Guide
Strategy

Grid Trading Strategy 2020 : Step-By-Step Guide

Grid trading is a method in which a trader does not just open one deal, but rather creates a sequence of orders at incrementally increasing or decreasing prices around the current price point. The amount of orders depends on the trader, what matters is that they are all set in regular intervals. When could it be potentially used? This method is intended to take advantage of the market volatility and execute as many orders as possible during price fluctuations. The grid method might be useful in a ranging market when there is no particular trend.The advantages of such an approach are evident: this strategy usually works in unpredictable conditions where the price keeps bouncing up and down. With that said, the trader should still have an approximation on when to end the grid and exit...
The Margin: President Trump warns that your 401(k) could ‘disintegrate and disappear’ if he loses the 2020 election
Stock News

The Margin: President Trump warns that your 401(k) could ‘disintegrate and disappear’ if he loses the 2020 election

How is your 401(k) doing? With tech stocks leading the advance, the Nasdaq Composite COMP, +2.21% just broke into uncharted territory. Tesla TSLA, +9.45% took out a fresh high. So did Netflix NFLX, +3.76%. And Amazon AMZN, +4.46% reached $3,000 for the first time ever. Whatever the current status of your retirement account — if you actually have one — President Trump, in a tweet on Monday, warned that any gains you might be enjoying could “disintegrate and disappear” in a hurry if he doesn’t win another four years in the White House: Is that true? Should investors be scared into voting for Trump? Not according to strategists at JPMorgan Chase & Co. JPM, +1.35% who say that a win for former Vice President and presumptive Democratic nominee Joe Biden, currently ahead of Trump i...
Futures Movers: Brent oil scores lift from Saudi price rise, China optimism, while U.S. crude weighed down by rising coronavirus cases
Stock News

Futures Movers: Brent oil scores lift from Saudi price rise, China optimism, while U.S. crude weighed down by rising coronavirus cases

Crude-oil futures on Monday traded mixed, with the U.S. oil moves pressured by evidence of growing cases of coronavirus, while international prices climbed on hopes of China’s perceived recovery from the pandemic. Brent, the international benchmark oil, also was supported by Saudi Arabia’s decision to raise the premium of its benchmark grade crude, and all other grades, by $1 a barrel, according to Reuters, citing people familiar with the matter, representing the third straight price increase by one of the biggest exporters of oil and the most influential member of the Organization of the Petroleum Exporting Countries. A blockade of oil-producing country Libya also remains in place, hindering exports from the north African producer, and helping to fuel expectations that supplies for cr...
Loomis Restructures the Physical Foreign Exchange (FX) Business in Norway – PRNewswire
Forex News

Loomis Restructures the Physical Foreign Exchange (FX) Business in Norway – PRNewswire

SOLNA, Sweden, July 6, 2020 /PRNewswire/ -- In May 2019, a Danish journalist put forward allegations that a Loomis subsidiary had delivered currency to foreign exchange offices in Denmark, of which a few were suspected to be involved in money laundering. The foreign exchange business in Denmark was conducted by Loomis Foreign Exchange AS in Norway (Loomis FX). Loomis ambition is to always secure compliance with rules and regulations and Loomis has high standards for ethical guidelines. This applies to corporate governance as well as risk management within operations and other areas. Therefore, Loomis immediately initiated an internal and two external investigations to review Loomis FX's anti money laundering (AML) framework and the compliance with relevant regulations. The conclusions of ...