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Securities and Exchange Commission of the US postponed the decision on the application for the creation of the world's first stock index fund ETF for bitcoins until September 30. The application was filed jointly by VanEck Associates and Solid Partners. It was expected that the SEC will take a decision on it on August 10. Experts believe that compared to Cameron and Tyler Winklewossy, whose application for the creation of a bitcoin ETF was rejected in late July, VanEck Associates and Solid Partners have a better chance of securing SEC support. The ETF planned by these companies has a fairly high entry threshold, which should limit the participation of retail investors in it. In addition, their ETF provides insurance opportunities.
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
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