Found: 121

Russia Launches Independent Gold Exchange: An Alternative to LBMA and a Step Towards Dedollarization

... banknotes and securities, acts as a key partner in this project: it will function as the custodian of the bars and one of the sellers of gold on the exchange. This arrangement ensures the timely delivery of precious metals to buyers, allowing them to collect their purchased bars within one business day after the transaction. Regulations for bar issuance are currently being developed, and an accredited delivery operator is expected to manage operational logistics. Market Participants and Trading Conditions ...

Major Banks to Offer Spot Bitcoin ETFs in 2025: Implications for Bitcoin and Investors

... giants are expected to start offering Bitcoin ETF investments to clients by the end of 2024, setting the stage for a wider rollout in 2025. This marks a turning point as mainstream banks bring Bitcoin into the fold of traditional wealth management. Collectively, these institutions manage trillions in client assets, so even a modest 1% allocation to Bitcoin via ETFs could translate into tens of billions of dollars of new demand. By adding Bitcoin ETFs to their product lineups, the banks are validating ...

M&A Market Activity in Russia at Three-Year Low

... risks. The number of defaults in the market is increasing, leading to additional derivative lawsuits against controlling persons. This creates a negative backdrop: buyers are wary of acquiring companies with troubled balance sheets. All these factors collectively significantly limit the number of new M&A transactions and make the exit strategy for deals riskier for investors. Regulation and Restrictions The tightening of state control over transactions has become a separate pressing factor. In addition ...

Major US Banks Launch Spot Bitcoin ETFs in 2025: Impact on Bitcoin and Investors

... their clients by the end of 2024, effectively laying the groundwork for a broad launch of such products in 2025. For traditional banks, this represents a pivotal moment that signals the integration of Bitcoin into the realm of classic asset management. Collectively, these institutional players manage assets worth trillions of dollars, so even a symbolic 1% portfolio reallocation toward Bitcoin via ETFs could inject tens of billions of dollars in new capital into the cryptocurrency market. The inclusion ...

ISM Services PMI Beats Forecast; S&P 500 Rises as Fed Remains Cautious

... consistent with healthy growth, underscoring that the sector’s momentum has not been derailed. The Employment Index in April improved to 49.0 compared to March’s 46.2, nearly crossing into expansion. Although a value below 50 means the service industries collectively shed jobs on net, the much higher reading versus the prior month indicates that labour conditions are stabilising. After a sharp slowdown in hiring in March, service firms appear to be resuming recruitment, albeit tentatively. This partial ...