Henkel: Finding Upside Is Becoming Harder (Rating Downgrade)

ActivTrades Financial Services L.L.C., the UAE subsidiary of ActivTrades, now holds a Category 5 licence from the UAE’s Capital Market Authority (CMA), registration number 20200000480. FX News Group reported the grant yesterday, and the registration is confirmed on ActivTrades’ own regulatory disclosure, which lists the entity as licensed for financial consultation, arrangement, introduction and promotional…

Fred Alger Management, LLC (“Alger”) is a privately held $27.4 billion growth equity investment manager. Alger is a pioneer of actively managed, growth equity investing. Their journey over the past six decades has been defined by navigating change, embracing disruption, and investing in innovation.​​ Note: This account is not managed or monitored by Fred Alger…

EPFO has made it easier to transfer provident fund balance after making the process automatic for Aadhaar-linked, KYC-compliant Universal Account Number (UAN) holders when they switch jobs. The introduction of this feature is significant as it eliminates the need to submit separate transfer applications and thus reducing paperwork. Previously, transfer of PF accounts required approvals…

Shares of insurance distributors tumbled on Thursday after the Insurance Regulatory and Development Authority of India (Irdai) proposed sharp cuts in distributor commissions, with online distributors PB Fintech and Turtlemint bearing the brunt of the sell-off as the proposed changes are expected to hit commissions in health, term and motor insurance.   PB Fintech, the…

Italy's competition authority opens probe into Intesa's bid for Monte dei Paschi

By Nojoud Al Mallees (Bloomberg) — Growth in Canada’s real gross domestic product accelerated to 3.3% in the second quarter, confirming a strong economic rebound after a yearlong slump brought on by U.S. tariffs and a slowdown in immigration. The expansion between April and June was driven by increases in exports, household spending, and business…