Daily Archives: 26/10/2016
SFC Hong Kong warns for Phmarkets
October 26th, 2016
The Securities and Futures Commission (SFC) Hong Kong, has issued an updated Alert List to inform investors and public for a suspicious website. According the new list, the SFC Hong Kong has added the Phmarkets Financial Limited to the suspicious websites list. ...
BoE Carney Against Further Rate Cuts and Stimulus
October 26th, 2016
The British pound was falling versus its major peers on Tuesday, ahead of BoE Governor Mark Carney’s testimony before the House of Lords Economic Committee. The pound rebounded during the speech, as the Governor stated the market is “mistaken” ...
Mazars appoints new Head of Financial Services in the UK
October 26th, 2016
International accounting and advisory firm Mazars has announced the appointment of Michael Tripp as the new Head of Financial Services at Mazars in the UK. With Rudi Lang dedicating more time to his role as leader of the firm’s ...
CBOE Launches Smile Index Based on Implied Volatilities of S&P 500 Options
October 26th, 2016
Chicago Board Options Exchange® (CBOE®) announced today that it has launched the CBOE S&P 500® Smile Index (Ticker: SMILE), a premium-capture strategy benchmark index based on the steepness of the curve of implied volatilities of S&P 500 Index (SPX) options — ...
Leading sports lawyer denies money laundering charges
October 26th, 2016
A renowned sports lawyer today appeared before the Solicitors Disciplinary Tribunal denying a string of allegations. Mel Goldberg, who represents high-profile footballers and world champion boxers, is charged with eight separate allegations in relation to how he ran his ...
London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals
October 26th, 2016
THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals. On Friday in the US, a number of major ...
SoftBank to invest billions of USD in global technology sector
October 26th, 2016
SoftBank Group Corp. (“SBG”) announces that it will form a private fund (the “Fund”) for making investments in the technology sector globally, which is tentatively to be named “Softbank Vision Fund.” SBG expects to invest at least USD 25 ...
Ericsson’s Board names Börje Ekholm new President and CEO
October 26th, 2016
Ericsson (NASDAQ:ERIC) today announced that its Board of Directors has appointed Börje Ekholm President and CEO, effective January 16, 2017. Börje Ekholm will also remain a member of the Board of Directors of Ericsson. Chairman of the Board Leif ...
Elliott Wave Analysis: Triangle On The S&P500 Point Towards Higher Levels
October 26th, 2016
Elliott Wave Analysis: Triangle On The S&P500 Point Towards Higher Levels The S&P500 is trading sideways for quite some time now, with overlapping price movements that suggests this stock being trapped in a probable Elliott wave triangle correction. An ...
Crude prices push further below $50 on rising U.S. inventories, OPEC fears
October 26th, 2016
Oil prices were depressed in early Asian trade Wednesday, dragged lower by a sharp growth in the U.S. crude inventories and rising prospects that a production cut deal proposed by the Organization of the Petroleum Exporting Countries could sour ...