Monthly Archives: September 2016

French 2017 Budget Confirms Corporate Tax Cut

September 30th, 2016 (0)
The French Government has confirmed that an intermediate rate of corporate tax will be introduced next year, to reduce the tax burden on small- and medium-sized firms. Under current rules, business income up to EUR38,120 (USD42,730) per year is ...

Startupbootcamp to open support program for fintech startups in Mumbai

September 30th, 2016 (0)
Leading startup accelerator Startupbootcamp will open its first program in India aiming to support 10 fintech startups in Mumbai. The accelerator will provide successful applicants with a US$16,830 grant and office space for at least three months as well as mentorship ...

Saxo Bank reports higher profits and client assets as diversification strategy yields results

September 30th, 2016 (0)
​Saxo Bank Group (“The Group”) has reported a net profit of DKK 158 million for the first six months of 2016. During the same period, client collateral deposits continued to rise, increasing by DKK 6 billion, compared to H1 ...

America is on a slippery slope

September 30th, 2016 (0)
It hadn’t happened before, at least not since US presidents started visiting foreign countries after the Second World War. In early September, when President Obama landed at Hangzhoi for the G-20 summit in early September, the CIA security men ...

IG Group agreed to purchase DailyFX from FXCM

September 30th, 2016 (0)
IG Group (“IG”), a global leader in online trading, today announces that it has agreed, subject to final approvals, to purchase DailyFX, a leading global news and research portal, and its associated assets, from FXCM Inc. for a total consideration of ...

ISA Israel grants first brokers’ license to five retail forex brokers

September 30th, 2016 (0)
The Israel Securities Authority (ISA) has announced that five retail Forex brokers received the Dealer’s license. Therefore, as from October 31, 2016 the below five retail Forex brokers will be allowed to take on Israel based trades. The five ...

FOREX-Yen, Swiss franc near 1-month high vs dollar as risk sentiment sours

September 30th, 2016 (0)
Yen on course to post 3 straight quarters of gains Swiss franc hits one-mth peak vs dollar, 6-week high on euro Concerns about Deutsche Bank sour risk sentiment Sterling in longest losing quarterly streak since 1984 The Japanese yen ...

Three international Legal firms are to merge

September 30th, 2016 (0)
CMS, Nabarro and Olswang confirm ‘combination’ talks Three London-headquartered international firms with a combined turnover of nearly £1bn are to merge, according to press reports last night. An announcement involving CMS Cameron McKenna, Nabarro and Olswang is imminent, The Lawyer reports. ...

Cyprus Investment Firm’s license will continue to be suspended

September 30th, 2016 (0)
Following previous announcement dated 9 August 2016, the Cyprus Securities and Exchange Commission (CySec), following a decision at the meeting dated 5 September 2016, announces that the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd (‘the Company’), with number 234/14, ...

Regulators Block Sale of Bitcoin Miner Avalon

September 30th, 2016 (0)
A deal that would have seen Chinese manufacturer Shandong Luyitong purchase bitcoin mining hardware firm Canaan is no more. The deal is said to have been scuttled as a result of apprehension on the part of regulators from the Shenzhen ...
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