Daily Archives: 09/08/2016
World Gold Council, LME and key market participants to launch LMEprecious
August 9th, 2016
The World Gold Council and the London Metal Exchange (LME), together with Goldman Sachs, ICBC Standard Bank, Morgan Stanley, Natixis, OSTC and Societe Generale, today announce their intention to introduce a suite of exchange-traded and centrally-cleared precious metals products. ...
UK manufacturing shrank in the run up to the Brexit vote
August 9th, 2016
UK manufacturing output continued to slip in the month leading up to the UK’s Brexit vote, according to official data. The Office for National Statistics said manufacturing production fell 0.3% in June compared to the month before, weighed by a decline ...
Post-Brexit surge of EU tax cases expected
August 9th, 2016
Advisers anticipate a surge in the number of new tax cases sent to the Court of Justice of the European Union (CJEU) following the UK’s decision to leave the EU. According to law firm Pinsent Masons, the prospect of withdrawing ...
Goldman Sachs’s Fight to Avoid Paying Employees’ Legal Fees
August 9th, 2016
We know that paying for a lawyer can be an expensive proposition. The New York Times reported recently that a Turkish gold trader, Reza Zarrab, has hired a veritable who’s who of white-collar defense firms to defend him against charges of ...
Australia to regulate bitcoin under counter-terrorism finance laws
August 9th, 2016
Jakarta: Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws. Bitcoin – the most prominent digital currency to emerge globally – is backed by a ...
B2B payment network Finexio raises $1million
August 9th, 2016
Finexio brings integrated payment processing automation into accounts payable and procurement software Finexio, the smart B2B payment network, announced today it has secured$1M in seed funding. The financing was led by James R. Heistand with participation from Loeb.nyc, and a number of ...
FCA fined Cenkos Securities £530,500 for failures
August 9th, 2016
The Financial Conduct Authority (FCA) has today fined Cenkos Securities plc (Cenkos) £530,500 for failures in its sponsor services business. Cenkos failed to have appropriate systems and controls in place across its sponsor services business, and, on a particular ...
Tullett Prebon to launch innovative electronic trading platform
August 9th, 2016
Tullett Prebon, one of the world’s leading interdealer brokers, announces that it has entered into a partnership with GMEX Group to develop a best-in-class hybrid voice and electronic trading platform for FX Options. The new FX Options trading solution ...
Oil prices: OPEC may finally take action if crude’s slide continues
August 9th, 2016
Oil’s recent dip back into the $30s per barrel may be enough to get some OPEC members to curb their bickering and consider joint action — especially if oil plummets again. Considering a deal and agreeing to one are ...
Moscow Exchange Announces 2Q 2016 Results
August 9th, 2016
Moscow Exchange (MOEX) today announces its financial results under International Financial Reporting Standards (IFRS) for the second quarter 2016. Earnings growth was supported by an increase in fee and commission income from all trading markets across the Exchange’s diversified ...
