Markets

Bitcoin Hits Record High of Over $106,000

December 16, 2024

Bitcoin Hits Record High of Over $106,000

Bitcoin surged past $106,000 for the first time, driven by optimism about pro-cryptocurrency policies expected under President-elect Donald Trump. The rally represents a 50% increase in Bitcoin's value since Trump's election victory on November 5.

December 13, 2024

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UK Financial Watchdog Delays Shein IPO

The UK Financial Conduct Authority (FCA) is delaying approval of fast-fashion retailer Shein’s planned London IPO, citing concerns about supply chain oversight and legal risks. The scrutiny follows allegations of forced labour and pressure from advocacy groups like Stop Uyghur Genocide (SUG).

British Trader Sentenced to 12 Years for £1bn Fraud in Denmark

December 13, 2024

Min

British Trader Sentenced to 12 Years for £1bn Fraud in Denmark

British hedge fund trader Sanjay Shah has been sentenced to 12 years in prison by a Danish court for orchestrating a £1 billion tax fraud scheme. The verdict also includes the seizure of $1 billion in assets, a permanent ban from Denmark, and the forfeiture of multiple properties.

EU Ends Double Taxation on Cross-Border Investment Returns

December 11, 2024

Min

EU Ends Double Taxation on Cross-Border Investment Returns

The European Union's finance ministers have approved new tax regulations that eliminate double taxation on dividends from shares and interest on bonds for cross-border investments. This initiative, proposed by the European Commission, aims to simplify the taxation process, encourage cross-border investments, and reduce tax fraud. Current bilateral treaties addressing double taxation have proven ineffective due to complex, inconsistent rules and lengthy procedures across Member States.

East European Central Banks Drive Global Gold Rush

December 2, 2024

Min

East European Central Banks Drive Global Gold Rush

Eastern European central banks, including those in Poland, the Czech Republic, and Serbia, are significantly expanding their gold reserves as a strategic safeguard against geopolitical tensions and economic volatility. Poland has emerged as the world’s largest gold purchaser, while Serbia has tripled its reserves since 2012.

Just Eat to Delist from London Stock Exchange to Cut Costs

November 28, 2024

Min

Just Eat to Delist from London Stock Exchange to Cut Costs

Food delivery giant Just Eat Takeaway has announced plans to delist from the London Stock Exchange (LSE) by the end of December, citing high costs, low trading volumes, and regulatory complexities. The move comes as Just Eat faces challenges in maintaining growth post-pandemic and marks another setback for the UK’s financial market.

Regional Stock Exchanges Partner with EBRD to Strengthen Capital Markets

November 19, 2024

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Regional Stock Exchanges Partner with EBRD to Strengthen Capital Markets

Seven Central European stock exchanges and the European Bank for Reconstruction and Development (EBRD) have signed a memorandum of understanding in Bratislava to jointly develop regional capital markets. The initiative focuses on expanding primary markets, enhancing retail investor participation, integrating regional markets, and supporting long-term economic growth, particularly for small and medium-sized enterprises (SMEs).

Revolut Expands Crypto Exchange to 30 European Markets

November 13, 2024

Min

Revolut Expands Crypto Exchange to 30 European Markets

UK-based neobank Revolut is expanding its crypto trading platform, Revolut X, to 30 markets across Europe. Originally launched in the UK in May, this standalone platform is designed for experienced crypto traders. Revolut’s move reflects the growing interest among fintechs and traditional financial institutions in the crypto sector, with companies like PayPal, Stripe, and BlackRock also exploring digital asset services.