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  • CFTC: Federal Court Orders Florida Man And His Company To Pay Over $102 Million In Restitution And Penalties For Forex Fraud

    Date 20/12/2023

    The Commodity Futures Trading Commission today announced Judge Carlos E. Mendoza of the U.S. District Court for the Middle District of Florida issued a default judgment granting a permanent injunction and imposing monetary sanctions against Florida resident Avinash Singh and his company, Highrise Advantage, LLC. The order resolves a civil enforcement action the CFTC brought on September 9, 2020, against Singh, Highrise, and eight other defendants in a multi-level, multi-million dollar off-exchange foreign currency (forex) scheme. [See CFTC Press Release No. 8246-20] (The case was amended on February 4, 2021 to add new facts learned about the extent of the fraud and an additional fraud charge.)

  • Nasdaq Iceland Announces Semi-Annual Changes And Expansion To Leading Index

    Date 20/12/2023

    Nasdaq (Nasdaq: NDAQ) today announced the results of the semi-annual reconstitution and the expansion of Nasdaq Iceland’s leading Index, OMX Iceland 10™ (OMXI10™), from ten to a maximum of fifteen constituents. The constituent changes as well as the Index name and symbol will be updated to OMX Iceland 15™ Index (OMX Iceland: OMXI15™) prior to market open on January 2, 2024.

  • MTN, CardinalStone, VFD Group Recognised At NGX Made Of Africa Awards

    Date 20/12/2023

    MTN Nigeria Communications Plc, VFD Group Plc, CardinalStone Securities and Chapel Hill Denham were big winners at the just concluded Made of Africa Awards organized by Nigerian Exchange Limited (NGX).  

  • Nodal Exchange Announces Launch Of Solar Peak Power Futures Contracts

    Date 20/12/2023

    Nodal Exchange announces the launch of 23 new solar peak futures contracts. These contracts are available for trading today. The new products, created in response to customer feedback, enable more precise risk management as solar generation plays an increasingly significant role in the evolving energy landscape.

  • BIS: The Contribution Of Monetary Policy To Disinflation

    Date 20/12/2023

    Key takeaways

    • Much of the inflation increase in 2021 and 2022 was due to sectoral shocks on which monetary policy has close to no traction. What monetary policy can do, or fail to do, is to ensure that the effects of these shocks dissipate swiftly.
    • We argue that, absent the somewhat delayed but vigorous increases in policy interest rates since 2022, inflation would have subsided more slowly in 2023.
    • Central banks' most important contribution to inflation is to demonstrate commitment to achieving their targets and ensuring that low inflation remains the norm for price- and wage-setting decisions.