Daily Archives: 16/09/2016
ASIC cancels a suspended Australian Financial Services licence
September 16th, 2016
ASIC has cancelled the Australian Financial Services (AFS) licence of Melbourne-based company Allegianz Pty Ltd (Allegianz) for failing to lodge financial statements and auditor reports. Allegianz’s AFS licence was suspended by ASIC for six months in March 2016 for ...
FXPA Welcomes HC Technologies as Supporting Member
September 16th, 2016
The Foreign Exchange Professionals Association (FXPA) announced the addition of HC Technologies as the newest Supporting Member of the FX trade group, bringing the total number of institutional members of FXPA to 24. “HC Technologies is pleased to support ...
Fintech Firm Ripple raises $55 Million In funding
September 16th, 2016
Ripple set out to solve a global problem, with far-reaching implications and significant obstacles. Where others struggle to find a use case and a market, Ripple has turned customers into investors, and capital into commercial deployments of our solutions. ...
Elliott Wave Analysis: GBPUSD Undergoing A Complex Correction
September 16th, 2016
Elliott Wave Analysis: GBPUSD Undergoing A Complex Correction GBPUSD is turning down from 1.3447 through trendline support connected from 1.2866 low which suggests that pair will remain trapped in a contracting range. An updated count now shows a triangle ...
Romania’s first Bitcoin Exchange Shuts Down
September 16th, 2016
BTCXChange was Romania’s first Bitcoin Exchange platform A Statement on the BTCXChange website on 4th September informed users that the platform is going to close down starting the 12 of September 2016. According the statement, users is been asked ...
CBOE to Launch Options On FTSE Emerging Index
September 16th, 2016
Chicago Board Options Exchange® (CBOE®) today announced that it plans to launch options on the FTSE Emerging Index on September 26, 2016. The FTSE Emerging Index is a market-capitalization weighted index representing the performance of large and mid-cap companies from advanced ...
Apple Japan unit ordered to pay $118 million tax for underreporting income
September 16th, 2016
An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday. The unit has since paid the amount, the reports said. The ...
Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S.
September 16th, 2016
Negotiations are ‘just beginning,’ lender says in statement U.S. shares of biggest German bank tumble in extended trading Deutsche Bank AG said it won’t pay the $14 billion sought by the U.S. Justice Department to settle an investigation into ...
Oil prices fall; market braces for Nigeria, Libya supply
September 16th, 2016
Oil prices were lower in Asia trade on Friday as traders brace for an increase in oil exports from Libya and Nigeria, and the increase in U.S oil product inventories weighs on prices. On the New York Mercantile Exchange, ...
Why the EU is doomed
September 16th, 2016
We are accustomed to looking at Europe’s woes in a purely financial context. This is a mistake, because it misses the real reasons why the EU will fail and not survive the next financial crisis. We normally survive financial ...