Daily Archives: 11/07/2016
Brexit: 7 key changes every Traveler must know
July 11th, 2016
A travel primer on what to expect following Britain’s vote to leave the EU. In a landmark decision, Britain has voted to withdraw from the European Union. While it’s unclear how the vote will affect the political climate and ...
CySec imposed an Administrative Fine of €138.000 on a Cyprus Investment Firm
July 11th, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that, at its meeting held on June 06, 2016, the Commission decided to impose a total administrative fine of €138.000 to the CIF B.O. Tradefinancials ...
BDO has appointed former KPMG director
July 11th, 2016
Top Six firm BDO has appointed former KPMG director Christopher Arnull as its first head of Legal and Practice Protection, as the accountancy firm looks to tackle more legal and regulatory challenges. Arnull, who joins BDO from KPMG where ...
Swiss bank UBS is to face legal action for encouraging tax fraud that could cost it billion euros
July 11th, 2016
Swiss bank UBS, along with several of its former executives, is to face legal action for encouraging tax fraud that could cost it five billion euros, if judges accept a public prosecutor’s recommendation, reports said Friday. The company sent ...
German Deutsche Bank faced threat of bankruptcy
July 11th, 2016
Three years ago, there were reports about bankruptcy of Deutsche Bank, which is managing SOFAZ assets. This is caused by too much unsecured derivatives in the balance of the bank. Now, International Bank of Azerbaijan has started to speak ...
Risk On/Risk Off: What Schizophrenic Markets Are Telling Us
July 11th, 2016
These trends cannot be reversed with yet another rate cut or another “whatever it takes” announcement. In the conventional investment perspective, risk-on assets (i.e. investments with higher risks and higher potential returns) such as stocks are on a see-saw ...
Elliott Wave Analysis: Crude OIL Trading In Wave 4; More Upside Could Be Seen Soon
July 11th, 2016
Crude oil has a nice bullish structure on a daily chart where we labeled recent pullback down as wave four of a five wave rise from 26.00. We are quite confident that new highs will be seen very soon, ...
Lawyers claim that Brexit vote is not legally binding;primary legislation will be needed
July 11th, 2016
Hundreds of barristers have advised Prime Minister David Cameron to tread carefully before taking steps to withdraw the UK from the European Union. More than 1,000 have signed a letter to Mr Cameron which says the referendum result is ...
FCA UK regulated forex trading provider IKON restructures to MEX Group
July 11th, 2016
Mr. Naser Taher, the Chairman of MultiBank Exchange Group, announced the restructuring of the Group under a new trademark name of “MultiBank Exchange Group” (“MEX Group”), with a new holding company based in California, USA. As part of the ...
Italy may trigger collapse of European economy
July 11th, 2016
No emergency measures of either the European Central Bank or any other central banks can rescue the European banking system that currently stands on the verge of collapse. The shares of Europe’s largest financial institutions – Deutsche Bank and ...
