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Argentex sold to IFX Payments after Trump tariffs spark cash crisis

City Correspondent

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Argentex has agreed a heavily discounted sale to rival IFX Payments after a chaotic few days for the currency trading firm.

AIM-listed Argentex struck a takeover deal with IFX valuing the company at around £3m, it said in a stock market statement on 25 April.

The currency trading firm’s CEO has left after a rollercoaster week

Lars Mucklejohn

Business

Deals

Investing

Moelis adds tech banker Oussadon to bolster European dealmaking team

Morgan Stanley hikes bonuses for top UK investment bankers by 67%

Citigroup dealmakers post 14% fee rise as traders beat expectations

Trading Places: Point72, Caxton and T Rowe Price make hires

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Find out who is on the move in the City and beyond this week

Point72 hires ex-Millennium portfolio manager Prejesh Patel

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Patel, who marks the hedge fund’s latest hire, will be based in its London office

Jain Global money manager Anurag Nema exits to Caxton after one year

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Bobby Jain’s hedge fund launched in July

The president’s attacks on Jerome Powell could put a “shadow of suspicion” over whomever Trump picks as the next central-bank chief.

Trump Says Powell is a Loser. The Real Loser Might Be Trump’s Pick for the Next Fed Chair.

Billionaire investor Thomas Kaplan is nearing a long-held ambition: control of a big gold deposit in Alaska.

Gold Bull Kaplan Lands ‘Holy Grail’ Deposit as Precious Metal Hits Records

Google-parent Alphabet reported solid earnings, but the tariff impact on the second quarter is still unclear.

Google’s Earnings Power Holds Up in Global Turbulence

Chief executives are warning that big-ticket items will cost more,  while travel becomes an early trade-war casualty.

By Lynn Cook, Alison Sider and Caitlin McCabe

Corporate Giants Shred Outlooks Over Tariff Uncertainty

The president has softened his economic and trade stances in the midst of market turmoil.

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