Daily Archives: 27/09/2016
African fintech hubs join global initiative
September 27th, 2016
South Africa-based AlphaCode and Kenya’s Nest have joined fintech associations and network providers from more than 20 countries in the Global Fintech Hubs Federation (GFHF), aimed at fostering innovation across the global financial services industry. The GFHF is an initiative of ...
Bitcoin-Inspired Technology Starts to Reshape Currency Markets
September 27th, 2016
Product likely to lower the costs of cross-border transactions Bitcoin-inspired ledger technology is taking its first steps in foreign-exchange markets. Companies that provide payments systems to banks are unveiling products that use distributed ledgers to lower the costs of ...
Cartier win battle against counterfeit websites
September 27th, 2016
Counterfeiters beware – a recent court decision was good news for luxury companies. In a decision which should be well received by the luxury goods sector, the Court of Appeal recently upheld the High Court’s landmark 2014 decisions in ...
Luxembourg Launches World’s First Green Stock Exchange
September 27th, 2016
Today, less than six weeks before COP22 , the Luxembourg Stock Exchange (LuxSE) becomes the first stock exchange globally to introduce a platform for green financial instruments. Luxembourg Green Exchange (LGX) is for issuers who dedicate 100% of the raised funding to green ...
Bitcoin users in Japan can now pay utility bills with bitcoin
September 27th, 2016
ResuPress Inc. a company that operates Bitcoin payment service Coincheck payment partnered with Mitsuwa industry Co. LTD. Bitcoin users in Japan can now pay utility bills with bitcoin. As an initial partnership, Coincheck will start a collaboration with E-net Systems ...
Taiwan To Levy VAT On Online Retailers
September 27th, 2016
Taiwan’s Executive Yuan has approved a Finance Ministry proposal to impose value-added tax on foreign online sellers’ supplies to Taiwanese consumers. The proposal is intended to modernize Taiwan’s VAT rules, raise additional revenues, and level the playing field for ...
Ex-HBOS Bankers Accused of Getting Travel, Escorts in Fraud
September 27th, 2016
Defendants mismanaged troubled businesses for their own gain Participants used cash and high-class escorts as rewards Ex-HBOS Plc bankers accepted expensive gifts, luxurious foreign travel and high-class escorts to establish relationships that allowed co-conspirators to take control of troubled ...
Oil prices slip on profit-taking as investors await U.S. stockpile data
September 27th, 2016
Crude futures slipped in Asian trade on Tuesday as investors took profits after prices climbed more than 3 percent in the previous session. The dollar was also weighing on oil prices after rising against a basket of currencies, suggesting ...
MarketFactory announced change of CEO
September 27th, 2016
MarketFactory announced today that, effective October 1, James Sinclair will be appointed Executive Chairman, a full time role, and Darren Jer will become CEO of MarketFactory. Commenting on the change, James Sinclair said: “MarketFactory is on track for another ...
LMAX Exchange expands in the US with the launch of a New York-based exchange
September 27th, 2016
LMAX Exchange, the leading MTF for FX, today announced the expansion of its global infrastructure with the launch of its North American matching engine in the Equinix International Business Exchange™ (IBX®) data centre in New York (NY4). The LMAX ...
