Daily Archives: 14/09/2016
SFC reprimands and fines HSBC $2.5 million for regulatory breaches
September 14th, 2016
The Securities and Futures Commission (SFC) has reprimanded and fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) $2.5 million for regulatory breaches and internal control failings related to position limit failures. The disciplinary action follows an SFC investigation ...
The impoverishment of the masses
September 14th, 2016
Feudal and mercantilist economic systems were characterised by the lower orders of ordinary people being enslaved by, or subjected to, the commands of an elite. Beyond basic subsistence, serfs and slaves were not enabled to consume other goods, nor ...
UHY Hacker Young appoints new partner to London office
September 14th, 2016
UHY Hacker Young announced the appointment of Martin Jones as a new partner in our London audit and assurance team. Martin Jones joins from Ecovis Wingrave Yeats, where he was a partner in the audit team. He brings over 30 ...
Elliott Wave Analysis: USDCAD In A Temporary Bullish Rally
September 14th, 2016
Elliott Wave Analysis: USDCAD In A Temporary Bullish Rally USDCAD has made a five wave of a decline from 1.4683 high which is a very strong evidence for a bearish trend. We are talking about black wave A/I, the ...
PwC’s legal arm posts 24% revenue jump
September 14th, 2016
Revenue at PwC Legal has soared this financial year, from £48.5m to £59.9m, an increase of 25%. Led by senior partner Shirley Brookes, the legal arm of the accounting giant has also posted net income of £11m. Of the total revenue, ...
Alibaba Pays $100 Million For Eye-Scan Firm
September 14th, 2016
Expect to “see” eye-scanning in more places. Alibaba’s payments arm, Ant Financial, has acquired EyeVerify, a maker of optical recognition technology used by Wells Fargo along with dozens of regional banks and credit unions across the country. Bloomberg reported the purchase price ...
One of Bitcoin’s Biggest Miners is Launching a Second Pool
September 14th, 2016
As if running the third-largest bitcoin mining pool wasn’t enough, China-based Bitmain announced the launch of its second mining pool yesterday. Unlike the other large mining pools, though, the new offering (launched through its subsidiary BTC.com) will be open sourced ...
Asian stocks fall to six-week lows as bond rout intensifies
September 14th, 2016
Asian stocks wallowed near six-week lows on Wednesday and the dollar stood strong against a broad swathe of currencies including the Japanese yen as concerns grew about the fading impact of the world’s major central banks to stimulate growth. ...
PBOC Boosts Weekly Injections as Yuan Climbs Amid Stability Bets
September 14th, 2016
Yuan interbank rates in Hong Kong surge before China holidays Monetary authority pumps in $57.7 billion, most since April China’s central bank boosted its cash injections to a five-month high, fueling speculation that it is looking to steady the ...
ASIC: CBA pays $180,000 in penalties and will write off $2.5 million in loan balances
September 14th, 2016
Commonwealth Bank of Australia (CBA) has paid four infringement notices totalling $180,000 in relation to breaches of responsible lending laws when providing personal overdraft facilities. CBA reported this matter to ASIC following an ASIC surveillance. CBA conducted an internal ...
