UBS Group AG’s (UBS Quick QuoteUBS – Free Report) division — UBS Asset Management — has entered into a definitive agreement to divest the management of its Quantitative Investment Strategies (QIS) business to Manteio Partners LLC and its affiliates. The transaction is expected to close in the fourth quarter of 2024, subject to regulatory and
Following spot ETFs for Bitcoin and Ethereum, some enthusiasts think Dogecoin, Ripple and Litecoin could be next. REUTERS Amid a global economic slowdown and geopolitical risks, cryptocurrencies are making a comeback, ranking among the world’s top-performing assets in the first seven months of 2024 along with Nvidia, one of the “Magnificent 7” tech stocks on
The government of Afghanistan announced on August 17 that it has finalised trade and investment deals worth $2.5bn with neighbouring Uzbekistan. The agreements were signed during a visit to Kabul by Uzbek Prime Minister Abdulla Aripov, the highest-level foreign official to visit Afghanistan since the Taliban regained control three years ago. Accompanied by a high-level
Former President Trump owns more than $1 million worth of cryptocurrency and up to $250,000 in gold bars along with the portfolio of golf courses and real estate properties that have made him a billionaire, according to newly released financial disclosures. The details come from documents filed by Trump as part of his Republican presidential
Nymbus, a leading provider of innovative financial technology solutions, has recently announced a significant strategic investment from Gesa Credit Union. Based in Washington, Gesa is a prominent financial institution with assets exceeding $5.5bn, serving close to 290,000 members across the Pacific Northwest. This new funding is set to bolster Nymbus’ mission to support credit unions
Companies eligible for corporate tax exemptions for no more than eight years can receive tax deductions for between one and five years once the exemption period expires. In addition, once the exemption period is over, investors can cite accumulated losses of up to five years to seek tax deductions. They can also cite transport, power
magine you are a super-rich businessman who receives an invitation to invest in Indonesia. After doing your homework, you know that this country has potential. However, you still hesitate to invest because you know that Indonesia’s real estate market is still immature. Having an immature market means that Indonesia’s market does not yet provide a
Hong Kong is competing with financial centres around the world to establish itself as a hub for cryptocurrency business. To achieve this requires allowing multiple forms of cryptocurrency tools as well as the appropriate regulatory framework to help manage the risk of monetary and financial instability. To that end, a regulatory regime for stablecoins has
The Covid-19 pandemic was one of the key drivers (open banking the enabler) of global embedded finance adoption. According to Global Market Insights, the embedded finance market shot to $58 billion by 2022, and is estimated to clock-in a 29% compound annual growth rate (CAGR) until 2032 – by which point it could exceed
American Airlines’ (AAL Quick QuoteAAL – Free Report) financial stability is increasingly jeopardized by high operating expenses and low liquidity. Elevated costs, including labor, fuel, and repairs and maintenance, further strain the company’s bottom line. Also, low liquidity impedes its ability to meet obligations, making it an unattractive choice for investors’ portfolios. Let’s delve deeper.