Monthly Archives: June 2016
Euro clearing houses to move in eurozone following the Brexit decision
June 29th, 2016
The European Union will move its London-based bank regulator to Paris or Frankfurt following Britain’s decision to leave the bloc, while the European Central Bank will insist euro clearing occurs in the euro zone, a senior EU official said ...
CySec: The license of a Cyprus Investment Firm continues to be suspended
June 29th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform for the Continuance of Suspension of Cyprus Investment Firm (CIF) licence of the firm ‘UBFS Invest powered by Moneychoice Brokers Ltd’ with number 239/14. The decision ...
Elliott Wave Analysis: Bulls Pushing Price Higher On USD Index; 99 Zone Could Be Reached
June 29th, 2016
On USD index daily chart we are observing a big sideways pattern since start of 2015; it’s slow, sideways and overlapping price action which is a personality of a contra-trend movement that can be completed now. We see it ...
CySec published Consultation Paper regarding the obligations of CIFs when providing information to clients and invites comments and suggestions submission
June 29th, 2016
The Cyprus Securities and Exchange Commission has published a Consultation Paper of the Cyprus Securities and Exchange Commission regarding a proposed circular on the obligations of CIFs (Cyprus Investment Firms) when providing information to clients in relation to services and instruments ...
Oil gains over 3% after two-session Brexit-inspired tumble
June 29th, 2016
Oil futures finished higher for the first time in three sessions on Tuesday, rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy. The threat of a ...
FRC to investigate KPMG over HBOS audit
June 29th, 2016
The Financial Reporting Council (FRC) has announced it will be holding an investigation under the accountancy scheme into the conduct of KPMG’s audit of HBOS for the year ended 31 December 2007, after coming under severe criticism for failing ...
Global law firm Baker & McKenzie announced 85 partnership promotions
June 29th, 2016
Combining this year’s promotions and new lateral talent, the Firm added 150 partners. Premier global law firm Baker & McKenzie announces election of 85 new partners. This latest investment in the Firm’s expertise grows the total number of partners ...
Australia has sold $22 million worth of seized bitcoins in a global auction
June 29th, 2016
Australia has sold $22 million worth of bitcoins seized as the proceeds of crime in a global auction. Ernst and Young transactions partner Adam Nikitins said multiple bidders claimed 24,518 units of the digital currency during the auction, which ...
CySec approved two firms as Administrative Services Providers
June 29th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued announcements to inform that two firms has been approved as Administrative Services Providers (ASP). According the announcements, the below firms have been approved: 1) MG Master Group Mutual Trust Ltd Prodromou ...
MasterCard to Simplify E-Commerce for Microsoft Dynamics Customers around the Globe
June 29th, 2016
MasterCard announced today it will collaborate with Microsoft to bring simple and secure e-commerce payments to Microsoft Dynamics users. Simplify Commerce, a uniquely versatile, highly secure and incredibly simple cloud-based payments platform, helps businesses grow by maximizing online and ...
