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Dollar and Emerging Market FX to rise; Euro to Weaken, Says Morgan Stanley

February 25th, 2017 (0)
New FX forecasts have been released by investment bank Morgan Stanley. They continue to reflect a bullish view of the Dollar but more against lower yielding developed market currencies such as the Euro and Yen than emerging market (EM) ...

SEC Staff Issues Guidance Update and Investor Bulletin on Robo-Advisers

February 25th, 2017 (0)
The Securities and Exchange Commission today published information and guidance for investors and the financial services industry on the fast-growing use of robo-advisers, which are registered investment advisers that use computer algorithms to provide investment advisory services online with ...

ASIC reports on corporate finance regulation July to December 2016

February 24th, 2017 (0)
ASIC has today published its sixth report on the regulation of corporate finance issues in Australia. The report, which covers the period July to December 2016, provides companies and their advisers with insights into ASIC’s regulatory approach in the ...

Global diamond market sees moderate growth

February 24th, 2017 (0)
The global diamond industry performed moderately well in 2015, led by diamond jewellery retail sales, which grew 3 per cent at constant exchange rates, a report said. However, currency depreciation, as well as slower demand in China, contributed to ...

FTSE 100 dips as RBS shares fall

February 24th, 2017 (0)
London’s stock market opened slightly lower as investors digested another raft of company results. Shortly after trading began, the benchmark FTSE 100 index was down 5.87 points at 7,265.50. Shares in Royal Bank of Scotland fell 2.2% after the ...

Two Samsung execs stand down amid a corruption scandal that led to boss Jay Y. Lee’s arrest

February 24th, 2017 (0)
Two senior Samsung executives have offered to resign, taking responsibility for the mobile phone giant’s involvement in a scandal involving South Korean President Park Geun-hye. According to a report by Yonhap news agency, Vice Chairman Choi Gee-sung and President ...

An investment management business in UK claimed £15m in damages but awarded £2 compensation

February 24th, 2017 (0)
An investment management business which claimed £15m in damages for stolen data from departing staff has ended up with just £2 compensation after a High Court judge ruled that no injury had been sustained. The Honourable Mr Justice Leggatt ...

China to launch its own digital currency

February 24th, 2017 (0)
The People’s Bank of China (PBoC) has done trial runs of its prototype cryptocurrency, taking the central bank a step closer to issuing digital money that can be used for all sorts of transactions. If things go according to ...

Wrexham Glyndwr University launches UK’s first undergraduate degree in FinTech

February 24th, 2017 (0)
US investment bankers and professionals from the Asia business world are backing the UK’s first undergraduate degree dedicated to the world of Financial Technology. Senior Vice Presidents at multi-billion dollar American investment firms Franklin Templeton and State Street have ...

Switzerland to draw up a new corporate tax proposal

February 24th, 2017 (0)
During its meeting on 22 February 2017, the Federal Council instructed the Federal Department of Finance (FDF) to draw up the substantive parameters for a new tax proposal by mid-2017 at the latest following the vote on corporate tax ...
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