Stock Exchange
In an event that has sent ripples through the financial world, Bybit has announced an unprecedented $1.4 billion hack that has left experts and stakeholders stunned. This monumental breach has not only exposed vulnerabilities within the platform but has also ignited discussions concerning cybersecurity practices across the sector. Let’
Stock Exchange
Debt decreased by $34 billion compared to the previous quarter. It now totals $436.8 billion of which: Government agencies - $67.4 billion. Banks and the Central Bank - $105.6 billion. Debt of other sectors of the economy - $263.8 billion. Russia has increased the repayment rate
Finance
Clearstream Banking will resume executing instructions for the conversion of depositary receipts for Russian stocks from October 7. The company also reminded that it has extended the cancellation of commissions for transactions for the transfer of assets until December 31. Such a measure was necessary to evade the EU sanctions
Finance
Outflows from equity funds totaled $5.1 bln over the week. Outflows from technology funds are at their highest since November of last year - $1.3 bln. Outflows from bond funds were $4.8 bln, a nine-week high. Market sentiment is getting worse every day due to fears of
Bank
India has increased imports of Russian coal, customs data for June show that payments made without the use of U.S. dollars have become commonplace. Thus, trade in Chinese yuan and Emirati dirham is becoming more and more popular.
Finance
Novavax, the manufacturer of vaccines against COVID-19, published a "killer" report. Revenue not only fell by 38% year-on-year, but was more than five times below analysts' expectations. The company cut its revenue forecast for 2022 from $4-4.5 billion to $2-2.3 billion. There are several reasons
Finance
The euro adds nearly 3% to the ruble. However, it is worth noting: the ruble exchange rate on the Moscow Exchange is very volatile. Today's rise in the currency does not necessarily mean a trend reversal.
Finance
While investors choose well-known companies - Alibaba, Tencent, Xiaomi. "SPE Exchange and brokers summed up the first results of trading in Hong Kong shares: The volume of transactions in the main trading mode from July 11 to 14 amounted to 43.4 million Hong Kong dollars (HKD, equivalent to
Finance
"Analysts are catching up with reality, and this is a major change in valuations for companies," said Greg Taylor, chief investment officer at Purpose Investments. According to data compiled by Bloomberg, Amazon's average earnings per share estimate for 2022 has fallen more than 50% in the
Stock Exchange
Last week, the company reported worse than analysts expected, causing the stock to fall 14%. Amazon is struggling because of supply chain disruptions as well as rising wages around the world. According to analysts, the company's best years are behind it. The past decade has been an ideal
Finance
Apollo has decided to invest $1.5 billion to support online retailer Carvana. That's nearly half of the company's latest bond issue. Trading in the stock was briefly suspended due to volatility.
Finance
Investors are pondering how Musk will pay for his Twitter purchases. According to Bloomberg, Musk has only $2 billion in cash. Market participants assume that Musk will have to sell Tesla stock.