ByHT News Desk | Edited by Abhyjith K. Ashokan Jul 09, 2024 03:12 PM IST Share Via Copy Link The Union Budget 2024 sees a lot of expectations for both direct and indirect tax rate cuts to boost consumption in the economy. What are direct taxes? Direct taxes are taxes that are levied by the … Read more
Fact: Freedom Holding Corp. is planning to obtain banking licenses in Cyprus as part of its strategic priorities.
The U.S. Justice Department is moving to make marijuana use a less serious federal crime by recommending it be reclassified as a schedule three drug with lower penalties. This shift could bridge the gap between state and federal cannabis laws, leading to more research, medical use, lighter criminal penalties, and increased private investment in the cannabis sector. President Joe Biden initiated a review of the drug’s classification, and public support for marijuana legalization has significantly increased. Reclassifying marijuana could also benefit cannabis businesses by allowing their shares to be listed on major stock exchanges, receiving more generous tax deductions, and facing fewer restrictions from banks.
– Global securities watchdog IOSCO proposed detailed guidance on how regulators should supervise stock exchanges more closely to negate risks from changes in business practices.
– Exchanges have increasingly become publicly listed companies over the past two decades while remaining self-regulatory in some cases.
– Bourses have expanded geographically and diversified into technology and data services, forming partnerships with companies like Google Cloud and Microsoft.
– Brexit has contributed to increased cross-border operation of exchanges and other types of trading venues in Europe.
– The market evolutions have influenced the way exchanges and exchange groups are organized, potentially creating new conflicts of interest and operational challenges.
– The report proposes six “good practices” for regulators to assess how exchanges are structured to ensure independence in discharging regulatory obligations.
The Chartered Financial Analyst (CFA) Society Cyprus held an educational interactive day focused on private equity and investment funds.
Apple’s current market capitalisation is .8 trillion, ranking it eighth in the world and surpassing the stock exchanges of Germany (DAX) and Canada (Toronto Stock Exchange). The United States leads in terms of market cap with .6 trillion, followed by China with .5 trillion and Japan with .5 trillion.