News list for " Ed Financial"
Lee Hardman, FX analyst at MUFG, said the dollar should strengthen in the first half of 2025, buoyed by the likely swift implementation of tariffs by US President-elect Trump and the limited prospect of the Federal Reserve cutting interest rates. More upfront tariff increases support the bank's forecast for further dollar strength in the first half of the year. In addition, the Federal Reserve sent a clear signal in December that they would be much more cautious in further rate cuts this year. I...
According to official news, Eddid Financial Singapore Pte. Ltd., a wholly-owned subsidiary of Hong Kong financial group Ed Financial, has been approved in principle by the Monetary Authority of Singapore (MAS) for a capital markets service license. After the license is officially approved, it can provide customers with capital markets product trading, product financing, custody services, etc. Ed Financial said that in the future, it will actively expand its local business to virtual assets, corp...
MUFG MSS, the Japanese joint venture of MUFG Financial Group, plans to issue digital securities this year. MUFG MSS is currently focused on digital bonds. In the future, the company hopes to use Morgan Stanley's overseas network to sell Japanese digital bonds to foreign investors. MUFG also owns 49% of Progmat, one of the two major permissioned blockchain networks used in Japan to issue digital securities. Besides MUFG, Progmat's investors include Sumitomo Mitsui Bank and Mizuho Bank, as well as...
Shares of Mitsubishi UFJ and Mizuho Financial Group fell by the most on record on Monday, as the stock market plunge sent Japanese bank stocks tumbling together. Shares of Japan's largest banks, MUFG, fell 18%, Mizuho Bank fell 20%, and Sumitomo Mitsui Financial Group fell nearly 16%, also a record high, by the end of the day. The three companies have lost about 12 trillion yen ($85 billion) in market value over the past two trading days. The plunge in Japanese bank stocks highlights their volat...
The Hong Kong Securities Supervision Commission has earlier approved Harvest International to launch the world's first Ethereum spot exchange-traded fund and the first Bitcoin spot exchange-traded fund (ETF) in Asia with conditions and in principle. Ed Securities Futures, a subsidiary of Ed Financial, was appointed as one of the three participating securities firms in the batch of ETFs. Ed Securities Futures was also approved by the Hong Kong Securities Supervision Commission to upgrade its Type...
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