Daily Archives: 08/08/2016
Robo-investor Wealthify preps £1m crowdfunding campaign
August 8th, 2016
Robo-investor, Wealthify is preparing to raise capital through the crowd. Continuing its mission to democratise investing in the UK, the online investment service, which went live in April, launches its public crowdfunding campaign on 12th September. Priority access will ...
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market
August 8th, 2016
Russia is set to replace Saudi Arabia as leading oil supplier to the Chinese market; over the past year monthly exports to China from Russia’s Far East have regularly exceeded those from the Middle Eastern country. At the beginning ...
London no longer world’s most expensive city
August 8th, 2016
The British capital now ranks third behind New York and Hong Kong as the cities with the highest property values, according to luxury real estate broker Savills. The falling pound has accelerated the cooling real estate market following the ...
EU Criticizes France’s Inefficient VAT System
August 8th, 2016
The European Commission has released a paper recommending improvements to France’s “inefficient” value-added tax system, including that the country do away with broadly applying reduced VAT rates. The paper notes that France faces significant fiscal challenges; Its tax burden ...
Shale Drillers Add Oil Rigs for Longest Streak in a Year
August 8th, 2016
Permian Basin oil rigs rise by 5, Eagle Ford adds 4 rigs U.S. oil producers bring back rigs for sixth consecutive week U.S. oil drillers added rigs for the sixth-straight week, marking the longest period of expansion in a ...
The first Major Legal firm to make post-Brexit redundancies
August 8th, 2016
Simmons & Simmons is making redundancies in its London office as a result of the UK’s vote to leave the EU, the first major firm in the City known to have done so. A spokeswoman told RollOnFriday that the firm was ...
SGX updates on its bid for the Baltic Exchange
August 8th, 2016
Singapore Exchange (SGX) announces that it has agreed with The Baltic Exchange Limited (Baltic Exchange) to proceed with the solicitation of support from shareholders of the Baltic Exchange (Baltic Shareholders) to acquire their issued ordinary share capital of the ...
Goldman Sachs to pay a $36.3 million penalty
August 8th, 2016
The Federal Reserve Board on Wednesday ordered Goldman Sachs Group to pay a $36.3 million civil money penalty for its unauthorized use and disclosure of confidential supervisory information and to implement an enhanced program to ensure the proper use ...
Money transfer is now social
August 8th, 2016
Azimo, creator of the world’s largest digital money transfer network, has introduced a revolutionary new way for people to send money around the world via Facebook Messenger. An industry first, the new functionality connects senders and receivers through their Facebook friend ...
Kim Dotcom predict that the cryptocurrency will be valued at $2000 per unit by 2017
August 8th, 2016
Megaupload owner, Kim Dotcom, announced via twitter account information about his new venture. It is no secret that the ‘business’ man is working in a new cloud storage service. The German-Finnish entrepreneur revealed however, that is working on a couple of ...
