Daily Archives: 05/08/2016
Fintech firms set to target business advisory
August 5th, 2016
Business advisory services will be a major focus of fintech companies over the next few years, says an accounting software company, with considerable investment likely to flow into business advisory robo-offerings. Speaking to Accountants Daily, MYOB general manager of user experience ...
Luxembourg Appealing ‘LuxLeak’ Sentences
August 5th, 2016
Luxembourg’s state prosecutor has begun an appeal against the verdict at the recent “LuxLeaks” trial, arguing the sentences handed down by the court were too lenient. Earlier this year, Antoine Deltour and Raphael Halet, both former employees at advisory ...
London Stock Exchange reports Revenue up 9% to £721.9 million
August 5th, 2016
Continued good financial performance with growth across all core business areas – in particular, in Information Services, including strong results at FTSE Russell, in Capital Markets and at LCH Revenue up 9% to £721.9 million (H1 2015: £663.0 million); ...
Rattled investors seek shining path to gold
August 5th, 2016
Gold prices have surged nearly 30 percent this year, proving the commodity to be a commonly favored safe-haven for investors in the face of increased market volatility and uncertainty. On Wednesday, gold reached its highest level in 33 months ...
Swedish Bank Joins Bitcoin Processor’s $4 Million Series A
August 5th, 2016
Swedish banking giant SEB Group and a Danish venture capital firm have invested $4m in Coinify, a digital currency payment processor based in Copenhagen. The Series A round included support from SEB as well as SEED Capital Denmark, an early-stage venture firm ...
New global tax rules are ‘just a sticking plaster’
August 5th, 2016
New international rules to tackle global tax avoidance will not work properly until tax secrecy is swept away, a report released by the All Party Parliamentary Group (APPG) on responsible tax has found. The failure to introduce full transparency ...
ASIC cancels licence of Pacific Millennium International Investment Group Pty Ltd
August 5th, 2016
ASIC has cancelled the Australian financial services (AFS) licence of Pacific Millennium International Investment Group Pty Ltd (PMIIG) after it was found to have breached the obligations of a financial services licensee. PMIIG was authorised under its AFS licence ...
Magic Circle Law firms pick up spots on new EU banking panel
August 5th, 2016
Magic Circle firms Clifford Chance and Linklaters have been joined by Hogan Lovells and PwC on a new panel created by the new EU authority responsible for winding up banks. The EU’s Single Resolution Board (SRB) tendered for legal advisers earlier this year, ...
Friday, August 05: OSB Commodities & Equity Indices Cheat Sheet & Key Levels
August 5th, 2016
OSB Commodities & Equity Indices Cheat Sheet & Key Levels for August 05. Gold Open 1364.70, High 1371.40, Low 1355.10, Close 1367.40, 0.20% Changed. Silver Open 20.45, High 20.55 … View table below
Friday, August 05: OSB G10 Currency Pairs Cheat Sheet & Key Levels
August 5th, 2016
OSB Daily G10 Currency Pairs Cheat Sheet & Key Levels for August 05. EURUSD Open 1.1148, High 1.1156, Low 1.1114, Close 1.1127, -0.18% Change. GPBUSD Open 1.3324 High 1.3345 … View table below
