Euro

SWEF: October 2023 NAV

Retrieved on: 
Wednesday, December 13, 2023
FX, Movement, NAV, Loss, Financial services, Euro

The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.

Key Points: 
  • The Operating Income available to distribute also includes any realised foreign exchange gains or losses upon settlement of hedges, except those described in note 4.
  • Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this causes some movement in the NAV.
  • These unrealised FX gains / losses are not considered part of distributable reserves.
  • All figures herein are published based on current information, estimates and judgements.

Membrane Finance to Integrate EUROe Stablecoin on Concordium, Bringing Stability and Safety to DeFi Investors

Retrieved on: 
Thursday, November 9, 2023
Decentralized finance, Privacy, Safety, Investment, Membrane, EUR, Cryptocurrency, Euro, Alcott House, Poland and the euro

ZUG, Switzerland, Nov. 9, 2023 /PRNewswire/ -- Concordium, the Layer 1 science-backed blockchain dedicated to creating a safer digital world, has announced the upcoming launch of EUROe, a fully regulated MiCAR-compatible, Euro-backed stablecoin developed by Finnish fintech powerhouse Membrane Finance, natively on Concordium. Offering a secure and regulated digital Euro, the launch removes crypto exposure, bridge risk and regulatory issues, presenting a quantum leap linking the existing financial system with Web3 and the decentralized future of finance.

Key Points: 
  • By integrating EUROe on Concordium's regulatory-ready and enterprise-grade technology, Membrane Finance is unlocking a new era of DeFi for players who value compliance, privacy, and safety."
  • To enable the integration with Concordium, Membrane Finance will first release a smart contract that controls the issuance, minting, and redeeming of the EUROe stablecoin as a CIS-2 token on the Concordium blockchain.
  • Juha Viitala , CEO of Membrane Finance, stated: "Concordium's emphasis on privacy-preserving identity verification infrastructure and regulatory compliance provides the optimal framework for the next generation of DeFi projects.
  • Concordium invites businesses, investors, and innovators to join the EUROe launch, marking a pivotal moment in the evolution of digital finance.

Membrane Finance to Integrate EUROe Stablecoin on Concordium, Bringing Stability and Safety to DeFi Investors

Retrieved on: 
Thursday, November 9, 2023
Decentralized finance, Privacy, Safety, Investment, Membrane, EUR, Cryptocurrency, Euro, Alcott House, Poland and the euro

ZUG, Switzerland, Nov. 9, 2023 /PRNewswire/ -- Concordium, the Layer 1 science-backed blockchain dedicated to creating a safer digital world, has announced the upcoming launch of EUROe, a fully regulated MiCAR-compatible, Euro-backed stablecoin developed by Finnish fintech powerhouse Membrane Finance, natively on Concordium. Offering a secure and regulated digital Euro, the launch removes crypto exposure, bridge risk and regulatory issues, presenting a quantum leap linking the existing financial system with Web3 and the decentralized future of finance.

Key Points: 
  • By integrating EUROe on Concordium's regulatory-ready and enterprise-grade technology, Membrane Finance is unlocking a new era of DeFi for players who value compliance, privacy, and safety."
  • To enable the integration with Concordium, Membrane Finance will first release a smart contract that controls the issuance, minting, and redeeming of the EUROe stablecoin as a CIS-2 token on the Concordium blockchain.
  • Juha Viitala , CEO of Membrane Finance, stated: "Concordium's emphasis on privacy-preserving identity verification infrastructure and regulatory compliance provides the optimal framework for the next generation of DeFi projects.
  • Concordium invites businesses, investors, and innovators to join the EUROe launch, marking a pivotal moment in the evolution of digital finance.

Striga Powers Bitwala's Comeback to European Crypto

Retrieved on: 
Wednesday, November 8, 2023
Bitcoin, Ethereum, Euro, European Economic Area, Lightning, Heart, Visa, Single Euro Payments Area, Lightning Network, API, Partnership, BTC, SEPA, Cryptocurrency, Striga, EEA, EU, Nuri (company)

However, with the support of Striga, compliant crypto & banking APIs, it has relaunched under its original name, Bitwala.

Key Points: 
  • However, with the support of Striga, compliant crypto & banking APIs, it has relaunched under its original name, Bitwala.
  • Bitwala's relaunch focused on returning to its core offering, which centers around buying and selling crypto.
  • "Buying and selling crypto has always been at the heart of Bitwala's business," notes Jan Goslicki, Bitwala's Chief Experience Officer.
  • Future plans for the platform include integrating the Lightning Network and introducing a crypto-backed Visa debit card, all of which are being developed in collaboration with Striga.

Striga Powers Bitwala's Comeback to European Crypto

Retrieved on: 
Wednesday, November 8, 2023
Bitcoin, Ethereum, Euro, European Economic Area, Lightning, Heart, Visa, Single Euro Payments Area, Lightning Network, API, Partnership, BTC, SEPA, Cryptocurrency, Striga, EEA, EU, Nuri (company)

However, with the support of Striga, compliant crypto & banking APIs, it has relaunched under its original name, Bitwala.

Key Points: 
  • However, with the support of Striga, compliant crypto & banking APIs, it has relaunched under its original name, Bitwala.
  • Bitwala's relaunch focused on returning to its core offering, which centers around buying and selling crypto.
  • "Buying and selling crypto has always been at the heart of Bitwala's business," notes Jan Goslicki, Bitwala's Chief Experience Officer.
  • Future plans for the platform include integrating the Lightning Network and introducing a crypto-backed Visa debit card, all of which are being developed in collaboration with Striga.

Clarus Reports Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Outdoor, NOL, Ageing, Adventure, Internal Revenue Code, Public expenditure, EBITDA, Gateway Group, Acquisition, SALT, Risk, Internal Revenue Code section 1031, Capital expenditure, TRED, CLAR, Capital, Payment card, Security (finance), Risk management, Retail, Pharmaceutical industry, Video game, Life insurance, Euro

SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.
  • Capital expenditures in the third quarter of 2023 were $1.2 million compared to $2.1 million in the prior year quarter.
  • Free cash flow for the third quarter of 2023 improved to $(1.1) million compared to $(13.6) million in the prior year quarter, mainly driven by reductions to inventory.
  • The Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its third quarter 2023 results.

Bitget P2P Expands Fiat Options for Middle East with Seven New Currencies

Retrieved on: 
Tuesday, November 7, 2023
BHD, TND, JOD, VASP, Bahraini dinar, EUR, OMR, Tunisian dinar, QAR, Serbian dinar, USDT, MRU, Cryptocurrency, Euro, Bitget

VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ -- Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.

Key Points: 
  • VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ -- Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.
  • With the newly added fiat support, Bitget users can start buying and selling crypto with zero fees on Bitget P2P .
  • Users can purchase USDT with integrated local currencies using local payment methods from anywhere globally via Bitget P2P .
  • Bitget has already begun exploring license applications in order to operate in target Middle East markets.

Bitget P2P Expands Fiat Options for Middle East with Seven New Currencies

Retrieved on: 
Tuesday, November 7, 2023
BHD, TND, JOD, VASP, Bahraini dinar, EUR, OMR, Tunisian dinar, QAR, Serbian dinar, USDT, MRU, Cryptocurrency, Euro, Bitget

VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ -- Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.

Key Points: 
  • VICTORIA, Seychelles, Nov. 7, 2023 /PRNewswire/ -- Bitget, the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.
  • With the newly added fiat support, Bitget users can start buying and selling crypto with zero fees on Bitget P2P .
  • Users can purchase USDT with integrated local currencies using local payment methods from anywhere globally via Bitget P2P .
  • Bitget has already begun exploring license applications in order to operate in target Middle East markets.

Bitget P2P Expands Fiat Options for Middle East with Seven New Currencies

Retrieved on: 
Tuesday, November 7, 2023
BHD, TND, JOD, VASP, Bahraini dinar, EUR, OMR, Tunisian dinar, QAR, Serbian dinar, USDT, MRU, Cryptocurrency, Euro, Bitget

Bitget , the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.

Key Points: 
  • Bitget , the leading cryptocurrency derivatives and copy trading platform, has expanded its support for fiat gateways in the Middle East region.
  • With the newly added fiat support, Bitget users can start buying and selling crypto with zero fees on Bitget P2P .
  • Users can purchase USDT with integrated local currencies using local payment methods from anywhere globally via Bitget P2P .
  • Bitget has already begun exploring license applications in order to operate in target Middle East markets.

ANOTHER RECORD QUARTER SUSTAINING UPWARD REVISED YEAR-END OUTLOOK

Retrieved on: 
Thursday, November 2, 2023
Adjustment, Euro, Patent box, Alfa Romeo 8C Competizione, SP3, Public expenditure, EBITDA, ACE, Daytona, Research, EBIT, Depreciation, Investment, Formula, Mix, Security (finance)

Q3 2023 Adjusted EBIT(1) was Euro 423 million, increased 41.6% versus the prior year and with an Adjusted EBIT(1) margin of 27.4%.

Key Points: 
  • Q3 2023 Adjusted EBIT(1) was Euro 423 million, increased 41.6% versus the prior year and with an Adjusted EBIT(1) margin of 27.4%.
  • Volume was positive (Euro 33 million), reflecting the shipments increase versus the prior year.
  • Industrial costs / research and development expenses increased (Euro 63 million), mainly due to higher depreciation and amortization as well as raw materials cost inflation.
  • Upward revised 2023 guidance, based on the following assumptions for the year:
    Industrial free cash flow generation sustained by strong profitability, partially offset by disciplined capital expenditures and negative change in working capital