Daily Archives: 06/09/2016
G20 summit concludes with historic consensus on world growth
September 6th, 2016
The 11th summit of the Group of 20 (G20) major economies concluded in Hangzhou on Monday, reaching extensive consensus on pursuing innovative, invigorated, interconnected and inclusive world economic growth. “Held at a critical time for world economic growth and ...
FCA warns for CMS Trader been unathorised in UK
September 6th, 2016
The Financial Conduct Authority (FCA) has issued a warning to inform that the Authority believes that the below firm has been providing financial services or products in the UK without FCA’s authorisation. Almost all firms and individuals offering, promoting or selling ...
Saxo Bank published trading volumes for August 2016
September 6th, 2016
Saxo Bank has published its monthly basis key figures for August 2016, related to its activity, namely retail assets under management as well as daily average and monthly trading volumes. According the release, Saxo Bank published its Monthly Key figures in ...
A new Cyprus Investment Firm licensed by CySec
September 6th, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “CB Capital Business Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised ...
Innovator Launches New Digital Currency eQuid with a Focus on the Money System Side of the Coin
September 6th, 2016
eQuid will launch on select cryptocurrency exchanges in late fall 2016 after running a crowdfunding campaign to build support. When the currency is active on those exchanges, anyone with an account can purchase eQuid. Garth Wells, the founder of ...
Walmart moves to automate accounting positions; 7,000 positions will be cutting back
September 6th, 2016
Walmart plans to shed about 7,000 store accounting and invoicing positions as the company moves to automate those processes, though workers will be offered positions elsewhere in their stores, the company confirmed Thursday. The big-box retailer’s plans affect less than 1% ...
BNP Paribas Investment Partners goes live with Commcise
September 6th, 2016
Commcise Software Limited, the provider of award-winning Integrated Commission Management Solutions for investment management firms, is pleased to announce that BNP Paribas Investment Partners has implemented CommciseBuy globally. Commcise provided a complete multi-broker, multi-asset, integrated Commission Sharing Agreement (CSA) and Share-of-Wallet ...
Aussie gains as RBA keeps quiet on currency strength
September 6th, 2016
Australia’s dollar was the biggest gainer among major currencies as U.S. and European traders returned from summer holidays on Tuesday, jumping almost 1 percent after the country’s central bank said little on its 10 percent rise since January. The ...
Brazilian Police Launch Investigation Into Alleged Fraud at Pension Funds
September 6th, 2016
Brazilian police on Monday said they launched an investigation into alleged fraud of as much as 8 billion reais ($2.5 billion) at the country’s four largest pension funds, all of which are linked to state-controlled companies. Judge Vallisney de ...
HKMA embraces FinTech as it burnishes Hong Kong’s brand to compete as Asia’s financial hub
September 6th, 2016
The Hong Kong Monetary Authority has unveiled a series of policy initiatives for banks to embrace technology, and changed the city’s tax regime to attract corporate treasury departments, as it sharpens its edge to compete with Singapore and Tokyo ...
