Daily Archives: 21/10/2016
Fiat money and gold
October 21st, 2016
It is time to revisit the Fiat Money Quantity (FMQ), which totals US dollar money deposited in the banking system, the commercial banks’ money on deposit at the Fed and physical cash. Besides alerting us to how the expansion ...
More than 25,000 students registered to study ACCA-X in its first Month in China
October 21st, 2016
Just one month since its launch in China, the innovative online programme ACCA-X run by ACCA (the Association of Chartered Certified Accountants) in partnership with XuetangX has seen the enrolment of more than 25,000 students. The registration numbers, surpassing ...
Tobacco giant eyes $47 billion merger
October 21st, 2016
British American Tobacco has launched a $47 billion (£38 billion) bid to buy US tobacco giant Reynolds. The tobacco giant, which already owns 42.2% of Reynolds, has offered $55.5 per share for the outstanding 57.8%. This represents a premium of ...
Online gambling firms under investigation over fears for unfair customers terms and conditions
October 21st, 2016
This follows concerns raised by the Gambling Commission about potential breaches of consumer law, including misleading promotions and unfair terms, being used by firms to block players’ payouts. The Competition and Markets Authority (CMA) is today issuing Information Notices ...
ECB leaves interest rates unchanged at record lows
October 21st, 2016
The Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The ...
Mercedes increased profits help offset Trucks earnings slump in Daimler Q3 Results
October 21st, 2016
Unit sales 5% above prior-year level at 754,100 vehicles Revenue up by 4% to €38.6 billion Significant increase in Group EBIT to €4,037 million (Q3 2015: €3,661 million) Group EBIT adjusted for special items at highest level to date ...
Stock market shuts as Hong Kong braces for typhoon
October 21st, 2016
Hong Kong was bracing for the impact of Typhoon Haima on Friday, as one of the strongest storms to hit the city this year shut down the stock market and disrupted flights. Many flights at Hong Kong’s international airport ...
FCA UK issued a warning against Titanium Wealth Management
October 21st, 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 ...
Microsoft shares hit all-time high as earnings beat expectations
October 21st, 2016
Microsoft shares rose to an all-time high in after-hours trading on 20 October, after the software giant posted better-than-expected first quarter results. Net profit rose 6% from a year earlier to $6bn (£4.9bn) for the three months to 30 ...
IPC’s FX Hub to Enable Secure and Reliable Access to Hotspot’s Marketplace
October 21st, 2016
IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, and Hotspot, a leading institutional foreign exchange (FX) market owned and operated by Bats Global Markets, today announced that market participants can ...
