Hoyle
Fitch affirms UK at 'AA-'; Outlook negative
Late Friday, the US-based Fitch Ratings affirmed the UK’s sovereign credit rating at 'AA-' with maintaining a negative Outlook.
Key takeaways
“The Negative Outlook reflects the impact the coronavirus pandemic is having on the UK economy and the resulting material deterioration in the public finances
FTSE 100 Struggles For Direction
U.K. stocks struggled for direction on Friday after leading scientists advising the government have proposed a two-week national lockdown in October to try to tackle the rising number of coronavirus cases.
The benchmark FTSE 100 was little changed at 6,050 after declining half a percent in the pre
Refinitiv Expands REDI EMS Offering to India
Photo: FM
Refinitiv, a financial market data and infrastructure provider, has launched its electronic trading platform REDI EMS in India, which will offer a multi-asset trading functionality.
Announced on Monday, the company has added some India-specific enhancements including DMA, Care, one-touch
DeFi in Focus: Talking Decentralized Governance with StakerDAO’s Jonas Lamis
Photo: Rachel McIntosh
As the DeFi ecosystem is continuing to grow, more and more people are questioning the long-term viability of the Ethereum network as the “backbone” of the DeFi space.
After all, Ethereum has been one of the most–if not the most–popular choice for building decentralized appli
OneCoin Settlement, Volumes and Earnings Updates: Editor’s Pick
Photo: FM
In a busy, if an unspectacular week of news, here are the stories that dominated the forex, fintech and crypto worlds, in our best of the week segment.
OneCoin Investors Settle with Co-Mastermind Konstantin Ignatov
As Finance Magnates reported on Friday, OneCoin investors have agreed for
Euro Started Medium Term Up Trend With Break of Key Resistance Against Dollar
Euro ended as the strongest one last week as boosted by the agreement on the Next Generation EU recovery fund. It’s seen as a landmark deal which would increase cohesion of the EU. The burden on ECB would also be dramatically eased with the fiscal support. Meanwhile, Eurozone PMI composite jumped to
UK Gov to Bring Crypto Adverts into FCA’s Oversight of Financial Promotions
Photo: Crypto Regulations
The UK Government is proposing to bring the promotion of crypto assets into the scope of the FCA’s existing oversight, rather than creating a new framework specifically for these products.
Citing concern over investor protection, the economic secretary to the Treasury &am
WTI recovers from intraday low under $40.00 ahead of API inventories
WTI’s pullback from $39.30 fails to defy a two-day losing streak.
China’s sustained increase in oil imports confronts chatter of easing output cuts.
US inflation data, API stockpiles and American earnings are in the spotlight.
WTI rises to $39.51, intraday high of $39.89, during the pre-European se
Pull-up Update
