News Centre

MNI Indicators: Chicago Business Barometer™ - Dropped To 41.6 In October - October 2024 Report

Date 31/10/2024

• The Chicago Business Barometer™, produced with MNI, dropped 5.0 points to 41.6 in October after edging up for two consecutive months, making the barometer the lowest since May 2024, and 1.6 points below the year-to-date average. 
• The decline was due to four out of the five subcomponents falling (Production, New Orders, Order Backlogs and Employment), with only Supplier Deliveries rising in October. • Production fell 7.8 points. This is significantly below the year-to-date average of 44.8 and the lowest reading since April 2024. This was due to nearly 40% of respondents reporting lower production – the highest proportion since June 2023. 
• New Orders dipped 4.6 points, making it the lowest level since May 2024. 

Dubai Financial Market Reports Strong Performance With 60% Increase In Net Profit (Pre-Tax) In The First Nine Months Of 2024

Date 31/10/2024

• DFM General Index (DFMGI) increased by 10.9% closing at 4,503.48 points, to its highest level since 2014, surpassing regional markets.
• DFM’s total consolidated revenues rose by 29% to AED 460.3 million in the first nine months of 2024. 
• Reflecting a significant boost in trading activity, the total number of trades reached 1.7 million, marking a 20% increase year-on-year.
• Market capitalization of DFM-listed companies reached AED 757 billion in 9M 2024.

Readout: Sixth Meeting Of The Financial Working Group Between The United States And The People’s Republic Of China

Date 31/10/2024

The United States and the People’s Republic of China held the sixth meeting of the Financial Working Group (FWG) on the sidelines of the IMF-World Bank Annual Meetings in Washington on October 28. The meeting was co-led by Brent Neiman, Assistant Secretary for International Affairs at the U.S. Treasury, and Xuan Changneng, Deputy Governor of the People’s Bank of China.

S&P Global Market Intelligence And MarketAxess Announce Strategic Fixed-Income Data Partnership

Date 31/10/2024

S&P Global Market Intelligence (SPGMI), a leading provider of information services and solutions to the global markets, and MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced a strategic data partnership that will result in increased transparency and efficiency for the fixed-income markets.

Fiserv Furthers Investment In Small Business Success, Unveiling All-In-One Clover Solutions For Restaurants, Retailers And Service Businesses - Through Enhanced Software And Hardware Tailored To The Unique Needs Of Restaurant, Retail, And Professional Services Industries, Clover Enables Small Businesses To Expand And Evolve

Date 31/10/2024

Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, is empowering small business growth through an enhanced suite of industry-specific solutions from Clover. Built with small business owners in mind, these 'all-in-one' solutions combine flexible hardware with software that addresses the unique needs of individual businesses, providing restaurants, retailers, and service-based businesses with the vertical-specific capabilities they need to save time, make money and grow.

ICE Third Quarter 2024 Earnings Conference Call & Webcast Presentation

Date 31/10/2024

Click here to download the presentation from the ICE third quarter 2024 earnings conference call and webcast.

HKEX: Report On Initial Public Offering Applications, Delisting And Suspensions (October 2024)

Date 31/10/2024

This monthly report provides key statistics relating to the various stages in discharging our regulatory oversight duties during the reporting period. The information for the reporting period covers, among others, the number of applications processed and their current status, the number of comment letters and guidance issued to new/ potential new listing applicants and their advisers with the corresponding processing time, the number of rejection and return of listing applications, as well as the number of delisted and suspended companies.

EDHEC Infrastructure: Wide Valuation Ranges In Private Equity - Valuation Ranges Such As The 17.87-Point Interquartile Range In EBITDA Multiples In The Retail Industry Indicate Higher Risk

Date 31/10/2024

Higher interest rates, a sluggish exit environment, reduced distributions, and extended fundraising periods have created a challenging backdrop for private equity valuations. These factors have contributed to putting downward pressure on valuations.

Broadridge Launches New Digital Asset Information Platform To Help Financial Intermediaries Comply With Regulatory Guidelines - The Broadridge® ClearFi Solution Provides Investors With User-Friendly Information On Digital Assets

Date 31/10/2024

Broadridge Financial Solutions, Inc. (NYSE: BR), today announced the launch of Broadridge® ClearFi (“ClearFi”), a new suite of products to help financial intermediaries operating within the Digital Asset space to get out ahead of current and emerging disclosure regulations. ClearFi helps broker-dealers, exchanges, and wallet providers provide their clients and participants with useful on-chain and off-chain information about digital assets, including cryptocurrencies, stable coins, and DeFi innovations made available through their platforms.

UK Financial Conduct Authority And UK Payment Systems Regulator Boards Appoint New Chair To Decision-Making Committees

Date 31/10/2024

The FCA and PSR Boards have appointed Alison Potter as chair of the FCA’s Regulatory Decisions Committee (RDC) and the PSR’s Enforcement Decisions Committee (EDC).