Daily Archives: 08/08/2016
Precious metals funds ride gold trade to 120% rally
August 8th, 2016
Gold mining stocks continue to leverage rising gold prices If you have been a gold investor this year, you can be pleased with the 26% gain for the precious metal. But if you had the foresight to leverage that ...
PwC must face MF Global lawsuit over accounting advice
August 8th, 2016
A US Judge has given the go-ahead for a $1bn lawsuit against PwC over claims the firm provided bad accounting advice which contributed to the 2011 collapse of MF Global. MF Global and its parent company, MF Global Holdings Ltd, collapsed ...
ASIC’s enforcement report highlights key enforcement outcomes for January-June 2016
August 8th, 2016
ASIC has today released its enforcement report for the period 1 January 2016 to 30 June 2016. The report highlights ASIC’s long-term challenges and areas of focus going forward, as well as outcomes supporting those areas, including: balancing a ...
Second referendum ‘perfectly possible’, say top EU law professors on Q&A Reddit thread
August 8th, 2016
University of Liverpool experts use social media to spread their wisdom There is “no obstacle” in law to the United Kingdom holding a second referendum on EU membership, according to a group of EU law experts from the University ...
Pound Off Lows Against Majors
August 8th, 2016
The pound trimmed its early losses against the other major currencies in European deals on Monday. The pound hit 4-day highs of 1.2843 against the franc and 133.85 against the yen, from its early lows of 1.2783 and 133.17, ...
Greek consumer prices in July for second month in a row
August 8th, 2016
Greece’s annual EU-harmonized inflation rate stayed positive for the second month in a row in July, statistics service data showed on Monday. The reading in July was 0.2 percent, unchanged from June and slightly below market expectations. Economists polled ...
Bitfinex looks for fresh funding; spreads losses across all user acounts
August 8th, 2016
Hacked Hong Kong bitcoin exchange Bitfinex is looking to raise fresh funding to compensate user who lost out as a result of a $71 million currency theft last week. In the interim, the exchange is sharing the losses across ...
Innotribe expands at Sibos as innovation chat moves centre stage
August 8th, 2016
Innotribe, the innovation arm of Swift, is expanding its capacity at the messaging co-operative’s annual Sibos jamboree by 50%, but don’t expect any chat about distributed ledger technologies, which has now been swallowed up by the mainstream event. Reflecting ...
Jack Ma Is Opening His Wallet to Europe But Not to Europeans
August 8th, 2016
Payments powerhouse Alipay ramps up search for retail partners Targets Chinese tourists, expats; no offer for local consumers Jack Ma will set a bag aside for you at your favorite Paris store or hail you a ride in Rome ...
The Rich Get Richer as Billionaires Increase in Number
August 8th, 2016
Whatever the world’s economic and market turbulence last year, one group has held up well: billionaires. The combined wealth of the world’s billionaires, defined as individuals with a net worth of $1 billion or above, increased by 5.4% to ...
