Monthly Archives: June 2016
Most Asia markets end higher as region weathers a global rout after Brexit vote
June 28th, 2016
Most Asian markets closed higher on Tuesday, managing to hold up better than global peers amid a rout that wiped out as much as $3 trillion of market capitalization, according to data from S&P Global, in the wake of the ...
Brexit Aftermath: First Thing We Do, Hire All the Lawyers
June 28th, 2016
The U.K.’s decision to leave the European Union means years of uncertainty for bankers and investors—and years of extra work for lawyers. Members of the bar and their colleagues at accounting and consulting firms are shaping up as the ...
Cameron Heads to Last Supper in Brussels Amid Impasse in London
June 28th, 2016
Two-day EU summit to consider first steps after U.K. vote British influence in bloc has waned even before talks start U.K. Prime Minister David Cameron is set to face his fellow European Union leaders for the first time since ...
F. Lee Bailey, Lawyer for O.J. Simpson, Files for Bankruptcy Tied to IRS Dispute
June 28th, 2016
F. Lee Bailey, a defense attorney who gained fame for his work in two sensational 1960s cases and later was part of O.J. Simpson’s “Dream Team,” filed for personal bankruptcy, saying he’s more than $5 million in debt. Besides ...
Oil prices rebound in post-Brexit bargain hunting
June 28th, 2016
Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain’s vote to leave the European Union to lock in lower prices. The vote result sent global stocks and ...
Double ratings downgrade hits UK
June 28th, 2016
It’s been a torrid few days for equity markets and the pound in particular as it continues to plumb new multi-year lows against the US dollar, though we could get some respite today. With politicians seemingly intent on making ...
US supermarket chain Kroger sues Visa over PIN transactions
June 28th, 2016
US supermarket chain Kroger has filed a lawsuit against Visa over a disagreement about using PINs to verify EMV debit card transactions, according to the Wall Street Journal. Although Visa has been at the forefront of the push to ...
Kraken Acquires Dutch Bitcoin Exchange CleverCoin
June 28th, 2016
San Francisco-based digital currency exchange Kraken is making yet another acquisition, scooping up Dutch exchange CleverCoin. The deal is Kraken’s second acquisition of 2016, coming just over five months after it purchased New York-based Coinsetter, which had acquired Canadian bitcoin ...
U.S.-UK alliance seen outweighing Brexit trade concerns
June 28th, 2016
The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries’ close diplomatic and military ...
Dukascopy: Special Brexit Leverage restrictions are lifted
June 28th, 2016
Dukascopy Group is pleased to announce that special leverage restrictions on currencies and indexes that have been in force since Wednesday 22 June are being removed. With immediate effect, clients will be able to trade all currencies and indexes ...
