Belgium Financial News

Union Mutual Fund is on a growth path now and is looking at adding at least 50 per cent more to the AUM this fiscal, sniffing at Rs 15,000 crore by March. Despite having 22 funds (21 open-ended and one close-ended funds), the fund house sponsored by Union Bank of India and Japanese major Daiichi Life could not reach anywhere in the 43-player scattered industry that controls more than Rs 43 lakh crore of public money in its over 11 years of operations. In the year to March 2023, it had an AUM of just more than Rs 9 crore across 4.96 lakh live folios from 21 cities. Daiichi picked a 39.64 per cent stake in the MF in May 2018. But in terms of its presence in small towns, Union MF does reasonably well with 32 per cent of the AUM coming in from the B30 (beyond top 30) cities and the rest from the T30 (top 30) cities. «As of June our AUM stood at Rs 10,700 crore, up from Rs 9,853 crore in March 2023. We hope to take the AUM to around Rs 15,000 crore by next March as we plan to launch a large thematic fund next month from which we hope to collect at least Rs 500 crore during the NFO period. Of course, a lot will depend on the market,» chief executive G Pradeepkumar told PTI.

Tour de France took place on Friday, July 7, covering a flat distance of 169.9km from Mont-de-Marsan to Bordeaux. Mark Cavendish, who was vying to secure his 35th stage victory in the Tour de France and match Eddy Merckx's record for the most stage wins in Tour history, took the lead in the final stretch. However, he was ultimately overtaken by Jasper Philipsen, a Belgian sprinter known for his exceptional speed and ability to excel in close sprint finishes. Philipsen's triumph marked his third stage win in the 2023 Tour de France, with the stage itself completed in a time of 4 hours, 16 minutes, and 38 seconds, and an average speed of 39.3 kilometres per hour.

Belgium's regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. Imec will use the investment to expand its «clean room» test facility with the most advanced equipment and processes, the company said in a statement.

In addition to their unmatched style and variety, men’s sneakers by Campus are also highly affordable. Here are our picks for the best Campus sneakers for men on Amazon. Read on to choose the perfect sneakers for your needs.

Crypto giant Binance opened a regional headquarters in Paris last year, hoping to expand its business in Europe. Things haven’t gone its way. The Netherlands and Belgium have shut their doors to the exchange.

Mint explains the crisis in France: What triggered this crisis? The immediate trigger was the 27 June-shooting of Marzouk, of Algerian and Moroccan descent. He was shot and killed at a traffic stop by policemen. The officers involved in the incident initially claimed that they shot Nahel in self-defence as he tried to plough his car into them.

United Malt has avoided the fate of a lower bid from French suitor Malteries Soufflet despite the Australian-based supplier of a key ingredient in beer having posted disappointing earnings during due diligence.

Renaissance artist and historian Giorgio Vasari has been returned to its owners in Tuscany more than 20 years after it was stolen, Italian police said on Thursday. The letter was dated March 18, 1566 and is believed to be worth around 20,000 euros ($21,760).

June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange and its leadership.

Agetech Company Nobi. The Smart Lamp offers immediate help in the event of a fall.

The cryptocurrency exchange Binance informed users that its current euro banking partner, Paysafe Payment Solutions, will not continue supporting the exchange. 

Source: AdobeStock / prima91

The Belgian Financial Services and Markets Authority (FSMA) has ordered major cryptocurrency exchange Binance to stop offering crypto exchange and custody wallet services. 

A French real estate firm has signed a partnership deal with domestic crypto pay provider, an indication that the European nation may be the next to embrace crypto-powered commerce.

Terraform Labs co-founder Do Kwon was found guilty of using fake passports in a court in Montenegro on Monday. 

Do Kwon, the Terraform Labs founder and CEO, has told a Montenegro court that he did not know the “fake” travel documents he was allegedly trying to leave the country with were forged – and blamed a “Chinese-named agency.”

The Belgian arm of the French fast food chain Black & White Burger has announced that all its stores in the nation will accept crypto payments.

Amid all the tumult in the crypto world, some of the world’s largest banks have been quietly reflecting on ways to bring digital assets to institutional customers. And last week, a plan emerged.

According to an official release from the court, an appeal against an earlier bail agreement by the State Prosecutor’s office was cast aside allowing Do Kwon and Terraform Labs’ chief financial officer Han Chang-Joon to await further legal proceedings under house arrest in the country.

A court in Montenegro has repealed a lower court’s decision under which to release Terraform Labs co-founder Do Kwon on bail, according to Bloomberg News. 

As Web3 regulation looms over Europe, executives from various parts of the industry highlighted different regulatory perspectives in a panel discussion at the European Web3 Summit 2023. The event is held at the Library Solvay in Brussels, Belgium, a historic location where Nobel Prize scientists, such as Albert Einstein and Niels Bohr, once gathered for conferences.