Tag: Financial Markets
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Capital Gains Tax Backed for Nigerian Market Stability: Experts Call for Prudent Implementation
Overview: A Proposed Tax to Stabilize the Nigerian Market The debate over a 25 percent capital gains tax on investment profits in Nigeria has gained significant attention from market participants and policymakers. Advocates argue that a well-structured capital gains tax (CGT) could dampen speculative trading, curb excessive volatility, and create a more predictable investment climate.…
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CME Group Joins Chicago White Sox as Jersey Patch Sponsor
A New Era for Chicago Baseball and Global Markets The Chicago White Sox have announced a multiyear partnership with CME Group, the world’s leading derivatives marketplace, marking a milestone in sports sponsorships as the first-ever jersey patch for the franchise. This collaboration pairs a storied Major League Baseball team with a financial powerhouse to create…
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CME Group Becomes First-Ever Chicago White Sox Jersey Patch Sponsor in Multiyear Deal
Historic Sponsorship Marks New Era for White Sox and CME Group The Chicago White Sox have reached a milestone agreement, naming CME Group as the first-ever jersey patch sponsor in the team’s history. This multiyear partnership places CME Group’s branding on the right sleeve of the White Sox uniforms, making it a visible symbol for…
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Ringgit Climbs to Fresh 7-Year High Against the Dollar
Ringgit closes at a fresh 7-year high against the dollar The Malaysian ringgit firmed to a fresh seven-year high against the U.S. dollar by the end of trading on Thursday, signaling renewed investor confidence in Malaysia’s economy and a shift in global dollar dynamics. At 6pm, the local currency traded at 3.9500/3.9555 per dollar, improving…
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PSX Climbs as KSE-100 Rises 1,479 Points to Close at 189,167
Pakistan Stock Exchange Extends Bull Run as KSE-100 Pushes Higher The Pakistan Stock Exchange (PSX) closed higher on Friday, with the benchmark KSE-100 Index gaining 1,479 points and ending the session at 189,167 points. This rise represents an increase of about 0.79 percent from the previous day’s close, where the index stood at 187,688.16 points.…
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How Prediction Market Traders Like Kalshi and Polymarket Turn Bets Into Income
Introduction: The appeal of prediction markets Prediction markets like Kalshi and Polymarket offer a unique financial playground where future events are traded as binary contracts. Traders speculate on outcomes ranging from political events to corporate developments, aiming to profit from correctly priced bets as events unfold. While these markets attract attention for their novelty, many…
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PSX Slides 2,025 Points, KSE-100 Drops to 182,384 On Monday
PSX Ends Week with Sharp Decline as KSE-100 Dips Lower The Pakistan Stock Exchange (PSX) closed Monday on a bearish note, with the benchmark KSE-100 index dropping 2,025.52 points, or 1.10%, to settle at 182,384.15. The decline follows a session where investors weighed global cues, local macro concerns, and sector-specific pressures that weighed on market…
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Malaysian glove makers face weak outlook, CIMB says
Industry backdrop: A resilient sector under pressure Malaysia has long been a global hub for disposable glove production, supplying healthcare and industrial markets worldwide. Yet the sector has faced a string of challenges over the past year, from volatile raw material costs to shifting demand patterns in key markets. Recent data showing a sharp decline…
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BOJ Likely to Pursue Further Rate Hikes This Year
Preview: What this means for Japan’s economy The Bank of Japan (BOJ) is signaling greater confidence that monetary policy will need to tighten further in the coming year, even after steering its policy rate target to a 30-year high above 0.5% in late 2025. Markets and households are watching closely as officials weigh the pace…
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Gold for Reserves Sparks Debate: Distorted Competition, Says Bright Simons
Context: What Gold for Reserves Aims to Do The Gold for Reserves initiative has been pitched as a strategic move to diversify currency reserves and strengthen macroeconomic stability. Proponents say it could improve resilience by broadening the assets central banks hold, while supporters emphasize long-term benefits for national savings. Yet as the policy rolls out,…