Daily Archives: 10/08/2016
UK Gambling Regulator Clarifies Digital Currency Rules
August 10th, 2016
The UK’s gambling regulator has clarified its rules for digital currencies. In an update to its codes of practice issued this July, the UK Gambling Commission (UKGC) outlined how licensees can implement appropriate policies for so-called cash equivalents, a ...
CySec: The authorization of an Administrative Services Provided has lapsed
August 10th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces that, on 1 st June 2016, the Company Providing Administrative Services JIB Offshore Solutions Ltd (the ‘Company’), waived its authorization pursuant to section 16(1) of the Law Regulating Companies Providing Administrative Services and Related Matters ...
China proposes global tax system at G20
August 10th, 2016
China’s Finance Minister Lou Jiwei proposed development of a new international taxation system at a G20 meeting in Chengdu over the weekend, joining a global movement aimed at stopping companies and individuals from exploiting discrepancies in different countries’ laws ...
Belektron extends Market Making at EEX Emissions Market
August 10th, 2016
The European Energy Exchange (EEX) welcomes Belektron d.o.o. as a new Market Maker on the Derivatives Market for Emission Allowances. Since January 2015, Belektron has been active as a Market Maker on the EUA Spot Market and has provided ...
DLA Piper international revenue jumps to £769m
August 10th, 2016
DLA Piper increased international turnover by 4 per cent last year to £768.8m. The international figures refer to all of the firm’s offices outside the US, including its UK business. Net profit rose by 2.5 per cent to £159.4m ...
CySec decided to suspend the authorisation of a Cyprus Investment Firm
August 10th, 2016
The Cyprus Securities and Exchange Commission (CySec), has announced that following a decision at the meeting dated 25 July 2016, the authorisation of the Cyprus Investment Firm Best Choice FBC Ltd, with number 234/14, is suspended, pursuant to section 26(2) ...
Alibaba makes VR payments play
August 10th, 2016
Chinese web behemoth Alibaba is working on bringing its payments clout to VR, developing technology that will let people buy goods in a virtual world by making physical gestures. The company’s Ant Financial unit is developing a system that ...
Broadridge Announces Fourth Quarter and Fiscal Year 2016 Results
August 10th, 2016
Highlights Strong fiscal year 2016 results Record closed sales Fiscal year 2017 guidance calls for continued solid organic growth and double digit Adjusted EPS growth On track to achieve three year financial objectives 10% dividend increase underscores Broadridge’s continued ...
Oil dips on oversupply; calls for producer meeting met with scepticism
August 10th, 2016
Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. U.S. West Texas Intermediate ...
Dollar Weakens as Muted Prospects for Fed Rate Hike Boost Gold
August 10th, 2016
Bonds gain as odds of a 2016 U.S. rate increase stay below 50% Asian stocks near one-year high as Hang Seng Index climbs The dollar weakened on speculation the Federal Reserve will be slow to raise interest rates amid ...
