Monthly Archives: June 2016
CEO fired after firm loses millions following email scam
June 1st, 2016
FACC, an Austrian aerospace manufacturer, has fired its CEO, Walter Stephan, after losing €50million (£38.5million) in a business email compromise scam at the beginning of the year. The scam impersonates an executive – preferably a finance one – and ...
Thomson Reuters Survey Reveals More than Half of Financial Institutions Are Concerned about Reputational Risks of FATCA & CRS Non-Compliance
June 1st, 2016
More than 50 percent of senior executives from multinational financial firms are concerned non-compliance with the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) mandates could affect the reputations of their institutions.. “The results of the ...
Global Law firm announced new association in Southeast Asia
June 1st, 2016
Leading global law firm Hogan Lovells has announced today that it will enter into an association with Indonesian law firm, Dewi Negara Fachri & Partners (DNFP). The association becomes effective from 1 June 2016. Hogan Lovells has also recruited ...
Monex Group published an update regarding acquisition of Own shares
June 1st, 2016
Monex Group, Inc. (“the Company”) announces that it has acquired its shares from the market in accordance with Article 156, as applied by replacing terms pursuant to Article 165, paragraph 3 of the Companies Act. The status (progress report) ...
OECD says the global economy is stuck in a low-growth trap
June 1st, 2016
The global economy is stuck in a low-growth trap that will require more coordinated and comprehensive use of fiscal, monetary and structural policies to move to a higher growth path and ensure that promises are kept to both young ...
Tokyo Financial Exchange published Trading Volume for May 2016
June 1st, 2016
The trading volume of Three-month Euroyen futures in May was 143,823 ( △ 5.7% MoM / △ 11.2% YoY) and its average daily volume was 7,570 . See the TABLE 1 for the composition of the trading volume. The ...
SEC announced: Mortgage Company and Executives Settle Fraud Charges
June 1st, 2016
The Securities and Exchange Commission today announced that a California-based mortgage company and six senior executives agreed to pay $12.7 million to settle charges that they orchestrated a scheme to defraud investors in the sale of residential mortgage-backed securities ...
Elliott Wave Analysis: Bears Pushing Prices Lower; Sub-Wave 2 Could Be Around The Corner
June 1st, 2016
AUDUSD is turning down from 0.7834 high for the last two weeks where wave C-circled might completed a big corrective wave IV which looks like a flat. A flat correction is a 3-3-5 pattern; a contra-trend movement that should ...
BDO Merges in Charles A. Barragato & Company
June 1st, 2016
BDO USA LLP is expanding its New York metropolitan area practice by merging in Charles A. Barragato & Company, a firm with offices in New York City and Long Island that specializes in servicing high net worth individuals and ...
Dollar sits below two-month high; Aussie buoyed by solid GDP
June 1st, 2016
The dollar fell against the yen on Wednesday, pulling away from a one-month peak set earlier in the week, with its drop gaining momentum after breaching technical support levels. The dollar shed 0.7 percent to 109.95 yen, weakening from ...
