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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

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Investing

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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.

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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.

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

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

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