Daily Archives: 10/08/2016
‘Euro was flawed at birth and destined to collapse’ – Nobel economist
August 10th, 2016
The decision to create a single currency without the institutions which would make it work was “fatal” for the eurozone, said Nobel-Prize winning economist Joseph Stiglitz, adding that the “eurozone must ditch it now to survive.” In his book ...
Banks and tech firms apply blockchain to trade finance
August 10th, 2016
An HSBC (HSBA.L) (0005.HK) and Bank of America Merrill Lynch (BAC.N) venture and financial technology firm R3 said separately on Wednesday that they had created ways of using blockchain technology to simplify trade finance processes. The two banks said ...
CySec imposed administrative fine on a Cyprus Investment Firm
August 10th, 2016
The Board of the Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform the public that, at the meeting held on 25 July 2016, it decided to impose a total administrative fine of €2.000 to the Cyprus Investment ...
CySec: Administrative Services Provider waived its authorization
August 10th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, on 15th of March 2016, the Company Providing Administrative Services Navicorp Trust (Cyprus) Limited (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related ...
CySec informs for the continuance of suspension of Administrative Service Provider license
August 10th, 2016
Following a previous announcement dated 01.08.2016, the Cyprus Securities and Exchange Commission (the CySec), following a decision at the meeting dated 8th August 2016, announces that the authorization of the Administrative Service Provider “Mutual Trust Limited” with number 44/196 (the “Company”), ...
iSignthis to offer advanced card services
August 10th, 2016
Highlights: iSignthis executes an agreement to provide full card acquiring and settlement services to Merchant customers, in Australia and New Zealand The agreement creates a stronger relationship with our customers and additional revenue streams for iSignthis iSignthis Ltd (ASX ...
Saving the system
August 10th, 2016
Monetary policy, we are told, is all about staving off recession and stimulating economic growth. However, not only is monetary debasement in any form counterproductive and destroys the personal wealth of the masses, but the economists who devised today’s ...
Elliott Wave Analysis: AUDUSD Trading In A Temporary Correction Within A Downtrend
August 10th, 2016
AUDUSD has turned down from 0.7834 high in May after wave C-circled completed a big corrective wave IV flat pattern. A flat has a 3-3-5 sub-wave structure, so it was a contra-trend movement that should send price back to ...
Tel Aviv Stock Exchange will soon launch US Dollar weekly derivatives
August 10th, 2016
The board of directors of the Tel Aviv Stock Exchange (TASE) decided in its meeting on Thursday (August 4, 2016) to launch US Dollar weekly options. Weekly TA-25 Index options were introduced by TASE in 2013 and their trading ...
The license of a Cyprus Investment Firm will continue to be suspended
August 10th, 2016
The Cyprus Securities and Exchange Commission has issued an announcement to inform that following previous announcements dated 27 May 2016 and 28 June 2016, the Cyprus Securities and Exchange Commission, following a decision at the meeting dated 1st August 2016, announces ...
