Daily Archives: 11/08/2016
SGX reports FY2016 net profit of $349 million
August 11th, 2016
Singapore Exchange (SGX) today announced net profit of $349.0 million for FY2016, unchanged from the previous year. This included an impairment charge of $6.0 million on SGX’s investment in the Bombay Stock Exchange. Revenue was $818.1 million, up 5%. ...
Alibaba reports an increase of 59% for Revenues
August 11th, 2016
Alibaba Group Holding Limited (NYSE: BABA) today announced its financial results for the quarter ended June 30, 2016. “Alibaba Group had an outstanding quarter. Our results show the scale and leverage of our ecosystem, as we strengthen our competitive ...
Fitch: Negative-Yielding Sov Debt in Japan Down, Europe Up
August 11th, 2016
The global stock of negative-yielding sovereign debt fell modestly to $11.4 trillion as of August 2, compared with $11.5 trillion on July 15, according to Fitch Ratings. Japanese yields moved higher in late July in response to the latest ...
The EU has helped to shape UK copyright law for journalists, but Brexit unlikely to cause significant changes
August 11th, 2016
Now that that dust has settled after the EU referendum, it’s worth looking at how Brexit will affect media law. Nothing is certain yet, but it is possible to make some informed predictions. I will be examining the likely ...
European stocks move higher as focus shifts to Wall St; Oil firms slide
August 11th, 2016
European stocks moved higher in midday trade Thursday as investors shifted their attention to Wall Street, where stocks looked set to open up ahead of the release of another series of earnings and new jobs data. The pan-European STOXX 600 was ...
Elliott Wave Analysis On USDCAD And USDCHF
August 11th, 2016
USDCAD USDCAD turned lower in the last two days, making a new bearish impulse that we see it as wave C of a flat in wave 4). Wave C should be made by five waves so another short-term decline ...
Bitcoin Volume in Venezuela Surging Amid Hyperinflation
August 11th, 2016
So far, three Bitcoin exchanges have established themselves in Venezuela. SurBitcoin is by far the biggest, whereas Yabit and Cryptobuyer are relatively new on the scene. Bitcoin remains one of the most popular commodities in all of Venezuela. The ...
PwC Fights $5.6 Billion Fraud Trial over Taylor Bean’s Collapse
August 11th, 2016
PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday. At issue is ...
TradeFx fired 80 workers in Israel; Playtech Cyprus Ltd looking to reduce the space planned to rent
August 11th, 2016
Sources inform “Globes” that following a wave of layoffs, Playtech Cyprus Ltd. (LSE:PTEC), managed by CEO Mor Weizer, notified Azrieli Group Ltd. (TASE: AZRG) last week that it was reducing the amount of space it had planned to rent in the new business tower ...
Online lender secures record-breaking $52.5 million FinTech funding
August 11th, 2016
Finova Financial’s industry-first, cloud and mobile-based consumer auto title lending platform has raised $52.5 million in a combination of equity and a credit facility, one of the largest initial rounds in FinTech industry history, Finova announced today. The funding round ...
