Monthly Archives: August 2016
Deloitte expands business at record levels but warns of Brexit “challenges”
August 30th, 2016
Audit wins underpinned the fastest revenue growth for 10 years at big-four accountants Deloitte. Group revenue increased by 11.2 per cent for the year to May 2016 to £3.1bn with distributable profit up 2.5 per cent at £608m. Deloitte ...
Emerging Currencies Rebound With Shares After U.S. Stocks Rally
August 30th, 2016
Overseas funds net buyers in South Korea, Taiwan and Thailand Concerns of higher U.S. rates are fading, according to KTB Emerging-market stocks rose, heading for their biggest gain in more than a week, as an overnight rally in U.S. ...
New digital currency Monero spikes after giving criminals more secrecy
August 30th, 2016
Forget Bitcoin. There’s a new digital currency that is surging as online drug-dealers begin adopting it to conduct business with more anonymity. The two-year-old currency Monero has more than quadrupled this month after gaining support from prominent websites that ...
Fintech Startup Transferwise Moves Away From Banks
August 30th, 2016
Transferwise Inc., the global money transfer startup, is getting ready to free itself from relying on banks. The five-year-old London-based company is known for splashy ad campaigns. These feature nearly-nude employees as a way to show how much more ...
Japan retail sales show improvement in July
August 30th, 2016
Japanese retail sales fell by the smallest margin in five months in July, a possible indication that consumers may becoming less cautious about spending despite slow wage growth and uncertainty over the global economy. Retail sales edged down 0.2% ...
Oil prices rise as dollar comes off two-week high
August 30th, 2016
Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices. The U.S. ...
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
Apple facing back taxes running into billions over Ireland deal
August 30th, 2016
Irish officials expect European commission to declare the arrangement with Apple unlawful under state aid rules Apple could face back taxes running into billions with the European commissionexpected to rule against the company on Tuesday over its arrangements with the ...
Lift of suspension of the license of ASP Mutual Trust Ltd
August 30th, 2016
The Cyprus Securities and Exchange Commission (CySec) announces the lift of the suspension of authorisation for providing Administrative Services of «Mutual Trust Limited» (‘the Company’), with number 44/196, pursuant to article 15(3) of the Law Regulating Companies Providing Administrative ...
Elliott Wave Analysis on Corrective Bounce Within Downtrend On USDCAD
August 30th, 2016
USDCAD has made a five wave of a decline from 1.4683 level which is a very strong evidence for a bearish trend. We are talking about black wave A/I, the first wave of this big bearish decline, followed by ...
