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Argentex Set for Acquisition as IFX Payments Targets UK FX and EMEA Markets

Argentex Set for Acquisition as IFX Payments Targets UK FX and EMEA Markets

April 25, 2025 5:26 pm |

IFX Payments has reached an agreement in principle to
acquire Argentex Group PLC. The deal brings together two companies active in
the UK payments and foreign exchange (FX) markets.

Argentex is a publicly listed company. It offers foreign
exchange services and is authorised as an electronic money institution. The
company serves institutions, corporates, and high-net-worth individuals.

IFX Payments Announces Argentex Acquisition Deal

“We are very pleased to announce the proposed acquisition of
Argentex, which will enhance our regulated capabilities, diversify our product
portfolio, particularly in FX risk management and institutional offering, and
further expand our geographical reach and network,” Will Marwick, CEO at IFX
Payments said.

Argentex was founded in 2012. It joined the London Stock
Exchange’s AIM market in 2019, raising £14 million at the time. Its market
capitalisation reached £120 million. By 2022, the firm had processed over
US$200 billion in FX transactions across more than 140 currencies. Argentex
also has offices in Amsterdam, Australia, and Dubai.

“We look forward to the Argentex team joining us and working
together towards our shared ambitions in the rapidly growing global payments
and currency risk management solutions sectors,” Marwick added.

You may find it interesting at FinanceMagnates.com: Argentex
Expands Global Reach with AFSL for Currency Risk Management.

Gaining Institutional Reach

IFX Payments is an alternative banking partner. It is
seeking to expand its presence in EMEA. The proposed acquisition forms part of
its strategy to grow its services for corporates and financial institutions.

If the acquisition is completed, IFX will gain additional
regulatory coverage and access to a broader institutional client base. The deal
would also enable IFX to offer structured FX products and fund-related
services. Argentex clients will be able to use IFX’s ibanq platform and other
technical features.

This article was written by Tareq Sikder at www.financemagnates.com.

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Baker Hughes oil rig count up 2 to 483

Baker Hughes oil rig count up 2 to 483

April 25, 2025 5:26 pm |

  • Oil rigs +2 to 483
  • Nat. Gas +1 to 99
  • Total rigs +2 to 587.

Crude oil is trading up $0.21 or 0.32% at $63.00 on the day. For the trading week, the price is down $0.70 or -1.11%. The high price this week reached $64.83. The low price was at $61.55. Last week the price closed near $63.68.

This article was written by Greg Michalowski at www.forexlive.com.

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Tesla accelerates while tech giants shine: Market’s mixed emotions

Tesla accelerates while tech giants shine: Market’s mixed emotions

April 25, 2025 4:38 pm |

Sector Overview

The US stock market is exhibiting varied performances across different sectors today, with some emerging as bright spots while others face challenges. The standout performer is undoubtedly the consumer cyclical sector, where Tesla (TSLA) impresses with a gain of 4.15%. This surge can be attributed to optimism in the electric vehicle market and recent strong quarterly results.

In contrast, the communication services sector witnesses notable fluctuations. Google (GOOG) rises by 1.84%, and Meta (META) experiences a 0.95% increase, reinforcing confidence in digital advertising and social media spaces.

However, the telecom sector sees a stark decline, with T-Mobile (TMUS) dropping 10.23%, likely impacted by industry-specific challenges and competitive pressures.

Market Mood and Trends

The overall market sentiment is mixed, influenced by economic indicators showing resilience in some sectors while challenging factors loom over others. Investors seem cautiously optimistic, prompted by tech giants’ strong performances amid broader economic uncertainties.

While semiconductors like Nvidia (NVDA) witness an uptick of 0.95%, indicating a recovering demand for chips, skeptics still eye potential supply chain disruptions and cost implications in the tech segment.

Strategic Recommendations

Investors should consider capitalizing on the tech sector’s positive momentum, focusing on stocks like Google and Meta, which offer promising growth avenues amidst digital transitions.

With volatility in the telecom sector, staying updated with company-specific news and broader digital policy changes is crucial. Investors might want to explore more stable sectors like consumer cyclical with Tesla’s momentum, as a hedge against shifting market dynamics.

As always, diversification remains key. By continuing to monitor real-time market developments, investors can better navigate the complexities of today’s trading landscapes. Remember to visit ForexLive.com for in-depth news and analysis on all market movements.

This article was written by Itai Levitan at www.forexlive.com.

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Kremlin: US envoy Witkoff and Putin met for 3-hours. Talks were constructive

Kremlin: US envoy Witkoff and Putin met for 3-hours. Talks were constructive

April 25, 2025 4:21 pm |

The Kremlin is reporting that :

  • US envoy Witkoff met with Russian Pres. Putin for three hours
  • Talks were constructive
  • Talks brought the sides closer on Ukraine and other questions.
  • There was a discussion of renewing negotiations between Russia and Ukraine.

We know from previous comments this week and from the Time magazine article released overnight, that Ukraine will need to cede Crimea to Russia for peace to occur. Ukraine has balked at that idea.

Pres. Trump also this week publicly scolded Russian’s Putin for continuing to bomb which seemingly is to balance the conversation.

If a ball is in play, it seems it is back in Ukraine’s court.

This article was written by Greg Michalowski at www.forexlive.com.

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Swedish Krona Showcases Stellar Performance on Forex. Forecast as of 22.04.2025

Swedish Krona Showcases Stellar Performance on Forex. Forecast as of 22.04.2025

April 25, 2025 3:55 pm |

While central banks are pondering how to mitigate the negative impact of trade wars by cutting rates, the Riksbank is ready to put the brakes on the monetary expansion cycle. Together with Sweden’s accelerating GDP and the flight from the US dollar, this factor is pushing the USDSEK pair down. Let’s discuss this topic and make a trading plan. Major Takeaways Sweden is the primary beneficiary of the EU’s fiscal stimulus. Stabilized inflation allows the Riksbank to end the cycle. The Swedish economy will likely accelerate to 2.3% in 2025. Short trades on the USDSEK pair can be opened with… Read full author’s opinion and review in blog of #LiteFinance

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USD/СAD: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25

USD/СAD: Elliott Wave Analysis and Forecast for 25.04.25 – 02.05.25

April 25, 2025 3:52 pm |

Major Takeaways Main scenario: Consider long positions from corrections above the level of 1.3774 with a target of 1.4300 – 1.4800. A buy signal: the price holds above 1.3774. Stop Loss: below 1.3700, Take Profit: 1.4300 – 1.4800. Alternative scenario: Breakout and consolidation below the level of 1.3774 will allow the pair to continue declining to the levels of 1.3575 – 1.3427. A sell signal: the level of 1.3774 is broken to the downside. Stop Loss: above 1.3840, Take Profit: 1.3575 – 1.3427. Main Scenario Consider long positions from corrections above the level of 1.3774 with a target of 1.4300… Read full author’s opinion and review in blog of #LiteFinance

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