Xiaomi’s first-quarter net profit and revenue beat expectations, thanks to stronger sales from its smartphone and Internet-of-Things and lifestyle product segments. https://www.wsj.com/articles/xiaomis-first-quarter-profit-revenue-beat-expectations-d7331708
HSBC Holdings Plc was fined £6.3 million ($8 million) for failing to fairly look after more than 1.5 million UK customers experiencing financial hardship — a penalty that adds to the £185 million that the bank has already paid out in compensation. from Bloomberg Markets https://ift.tt/OIEHZdF
Alchemy Pay, a Singapore-based payment gateway connecting crypto with traditional fiat currencies, has announced a partnership with Metis, an Ethereum Layer 2 Rollup platform. The collaboration aims to provide seamless fiat-crypto on and off-ramp support for developers within the Metis ecosystem. TLDR Alchemy Pay partners with Metis to provide fiat-crypto on and off-ramp support Metis…
Welcome to Balance of Power, bringing you the latest in global politics. If you haven’t yet, sign up here. from Bloomberg Politics https://ift.tt/2c5bE4J
Some companies are saving millions of dollars by entering into interest-rate swaps as they confront the possibility it could be a while before the Federal Reserve cuts rates. https://www.wsj.com/articles/cfos-lock-in-savings-with-interest-rate-swaps-amid-uncertainty-about-fed-cuts-40ff9e45
The Group of Seven countries are converging on a US plan to squeeze value out of frozen Russian assets, a move that would secure as much as $50 billion in critical financing for Ukraine and help shield it from political shifts on both sides of the Atlantic. from Bloomberg Politics https://ift.tt/EOhgQn6
In a market that’s captured the attention of global finance for allegedly making $1 billion for Jane Street Group, many trading firms are employing a relatively simple strategy: short volatility. from Bloomberg Markets https://ift.tt/LSR5cXe
A man is held on suspicion of targeting Thursday’s event in Bordeaux, says France’s interior minister. https://ift.tt/BmPQgOz May 23, 2024 at 12:45PM
In a significant development for the cryptocurrency market, asset management firms BlackRock, Bitwise, and Grayscale have submitted amended 19b-4 filings to the Securities and Exchange Commission (SEC) for their spot Ethereum (ETH) exchange-traded fund (ETF) applications. The revised filings, submitted on May 22, remove provisions for staking, a move that aligns with similar amendments made…
Russia detained a deputy to army chief Valery Gerasimov on corruption allegations, the latest in a series of cases against Defense Ministry officials as the war in Ukraine continues. from Bloomberg Politics https://ift.tt/XrIAepj