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  • Avelacom Sets New Speed Records on Europe <> East Asia Routes

    Date 07/08/2024

    •  Avelacom’s core network has recently undergone significant upgrades, optimizing its terrestrial path latencies by up to 8 milliseconds.
    • This benefits key routes between Europe’s hubs (London, Frankfurt, Dublin, Zurich) and major East Asian hubs (Tokyo, Shanghai, and Hong Kong).

  • UK Startups Secure $7.7 Billion VC Funding Despite Fewer Deals During H1 2024, Reveals GlobalData

    Date 07/08/2024

    The UK startups secured $7.7 billion in venture capital (VC) funding during the first half (H1) of 2024, demonstrating a 2.8% year-on-year (YoY) increase in total value despite a 17.8% drop in deal volume. This divergence highlights a trend of selective investment, with significant backing for high-potential ventures. The substantial deals and investor enthusiasm suggest a promising outlook for the UK’s venture capital market, according to GlobalData a leading data and analytics company.

  • Midas Asset Management Launches MIDAS Japan Tech Active ETF Using The Solactive Japan Tech Top 30 Index As A Benchmark

    Date 07/08/2024

    Solactive is pleased to collaborate with Midas Asset Management for the first time. MIDAS Japan Tech Active ETF will be using the Solactive Japan Tech Top 30 Index as a benchmark, which aims to offer investors with exposure to leading Japanese technology companies.

  • Corrected: SET Market Report For July 2024

    Date 07/08/2024

    The Federal Reserve (Fed) kept its benchmark interest rate unchanged at 5.25-5.50 percent for the eighth consecutive meeting in July, as widely expected. Fed Chair Jerome Powell signaled that the US central bank will pivot in September’s meeting. However, weak job reports in July, released after Fed’s July meeting, led the market to perceive that September’s potential rate cut could be a slow-footed response from the Fed. This triggered a global stock market sell-off led by Wall Street and Japan. Amid the market turbulence, investors are recommended to accumulate stocks with appropriate valuation and limited exposure to the potential impacts of recession. Signs of capital inflows to the regional stock market have emerged. 

  • finova Broker CRM Integrates With Payment Provider Cashflows

    Date 07/08/2024

    finova Broker, formerly the eKeeper Group and part of finova, the UK’s largest cloud-based mortgage and savings provider, has announced its successful integration with Cashflows, the platform that makes it easier to accept payments digitally. This new feature allows mortgage brokers to seamlessly take payments for administration and processing fees directly within the finova Broker CRM or passed directly to the customer via an email link.

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