Latest Market News

Apr 12
FCA, TPR and MaPS joint statement on P&O defined benefit pension schemes

Current and former employees of P&O are urged not to make any quick decisions about their pension following recent media reports. The Financial Conduct Authority (FCA), the Pensions Regulator (TPR) and the Money and Pensions Service (MaPS) are raising their concerns given the heightened risk of pension transfers following recent redundancies. The FCA and TPR […]

Apr 12
Lack of proper financial services boosts crypto ownership in Nigeria, says report

A new study has revealed staggering growth in crypto adoption across Nigeria, fueled by limited access to affordable fiat-based financial services in Africa.  Crypto exchange KuCoin’s “Into the Cryptoverse Report” highlights that many Nigerian citizens have started using cryptocurrencies as a viable alternative to store and transfer assets. According to the report, 35% of the […]

Apr 12
RBC: the FDA lifting the hold on Gilead’s experimental cancer therapy is a ‘much-need piece of good news’

The Food and Drug Administration’s decision on Monday to lift the partial hold on Gilead Sciences Inc.’s GILD, -0.66% magrolimab for two indications is “good news” for the company, according to RBC Capital Markets analysts. “While GILD still has much to prove around its emerging oncology franchise, we see this as a much-needed piece of […]

Apr 12
Philippines’ fintech achieves unicorn status after embracing crypto payments

Voyager reportedly plans to integrate cryptocurrencies, micro investments and insurance products into PayMaya, which already includes a digital wallet. 283 Total views 11 Total shares Voyager Innovations, the firm behind the Philippines’ top digital payments app Paymaya, has announced it has achieved unicorn status after a recent round of funding, surpassing a $1 billion valuation.  […]

Apr 12
Coronavirus tally: U.S. cases rise 10% from two weeks ago and Philly is first city to reinstate indoor face masks

Philadelphia has become the first big city to reinstate its indoor face-mask mandate after COVID-19 cases rose more than 50% in 10 days, which the health commissioner, Cr. Cheryl Bettigole said is the threshold for the city’s guidelines on the matter. Health inspectors will start to enforce the mask mandate at city businesses starting April […]

Apr 12
Watch out for companies that offer trading software (Expert Advisors)

The FSMA warns the public against EA World FX, a company that is offering so-called ‘Expert Advisors’ or ‘EAs’ used to trade in forex-derivatives in Belgium. An Expert Advisor is a type of software that tells you when to make certain trades or even carries them out for you automatically, based on preprogrammed parameters. The […]