How it started Founded in 2020 by Dominic Duru and Khalid Talukder, DKK Partners is an emerging markets FX liquidity provider with annual revenues of more than £100m, up from £63m last year. The secret behind DKK’s success is the company’s ability to combine the latest trading technology alongside on the ground market intelligence. Following […]
Moderate Democrats in the U.S. House of Representatives have formed a working group on artificial intelligence aimed at tackling the issue of what restrictions, if any, should be put on the technology. The New Democrat Coalition announced the formation of the group on Tuesday, saying it would work with the Biden administration, companies and other […]
VinFast’s shares soared in thin trading in their Nasdaq debut on Tuesday following the Vietnamese electric vehicle maker’s $23 billion backdoor listing as the startup said it was likely to raise money from global investors within 18 months. The stock opened at $22, more than double the $10 per share agreed with VinFast’s SPAC partner Black […]
Coinbase Global said on Wednesday it had secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a major regulatory win even as it battles a lawsuit from the Securities and Exchange Commission (SEC). The move will allow Coinbase to offer bitcoin and ether futures directly to eligible U.S. customers. Until now, only its institutional […]
Intel Corp scrapped its $5.4 billion deal to buy Israeli contract chipmaker Tower Semiconductor Ltd after their merger agreement expired without regulatory approval from China. U.S.-listed shares of the Israeli company fell about 11% in premarket trading. Intel, which had decided to buy Tower last year, will pay a termination fee of $353 million to the latter, […]
The S&P 500 and Dow rose on Wednesday as Target’s upbeat quarterly profit lifted the retail sector, while investors awaited minutes of the Federal Reserve’s July policy meeting for cues on the central bank’s interest rate path. Target shares gained 3% after the big-box retailer’s second-quarter profit beat estimates, dwarfing its annual forecast cut. Department stores […]
The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed. The euro zone’s fifth largest economy shrank for the second consecutive quarter, after a 0.4% contraction in the first three months of the year. Economic growth […]
The World Bank’s food price index has been relatively stable during the past seven months as declines in the prices of grains offset increases in other food items. However, the index remains over 50 percent above its pre-pandemic nominal average (2015-19). Despite the non-renewal of the Black Sea Grain Initiative and India’s export ban of […]
It is commonly believed that adjustable-rate mortgages make contractionary monetary policy stronger, by allowing a faster pass-through of policy rates and therefore decreasing aggregate demand. This column argues that this view is incomplete and does not account for the favourable impact of higher interest rates on bank interest income and credit supply. Using US banking […]
Increasing numbers of countries are introducing privacy legislation to protect users’ data. But while consumers value their privacy and protection from potential misuse of data, fintech firms often rely on personal data to innovate and provide new products and services. This column presents evidence that the California Consumer Privacy Act in the US mitigated this […]
