Daily Archives: 01/09/2016
Baidu’s Ban on Bitcoin Advertisement Will Affect Digital Currency Industry
September 1st, 2016
Bitcoin industry experts have predicted a drop in the growth of the online currency following Baidu’s decision to stop all bitcoin advertisements on its search engine platform. Last week, Baidu decided to take down not only bitcoin ads but ...
Paysafe acquires affiliate technology provider Income Access
September 1st, 2016
Paysafe (LSE: PAYS.L, “Paysafe” or the “Group”), a leading global provider of payment solutions, announces today that it is expanding its product capabilities by acquiring Income Access Group (“Income Access”), a pioneering affiliate technology business for a cash consideration ...
Cashless payments get easier in the UAE
September 1st, 2016
Making payments through mobile phones is not a dream anymore, as sixteen banks have become equity partners in an entity which will own and operate mWallet platform. The mWallet or mobile wallet platform is the financial component of the UAE Government’s Smart ...
CySec appproved a new Cyprus Investment Firm
September 1st, 2016
The Cyprus Securities and Exchange Commission (CySec), the financial regulatory authority of Cyprus, has issued an announcement to inform that “TG Traderglobal Ltd“ has successfully obtained the CySec licence for CIF (Cyprus Investment Firm). The firm is now authorised ...
PwC fined £2.3m by FRC
September 1st, 2016
Disciplinary case relating to PwC’s audits of Cattles plc and Welcome Financial Services Limited The Financial Reporting Council (FRC) announced the outcome of the disciplinary case relating to PricewaterhouseCoopers LLP (PwC) and its audits of the financial statements of Cattles ...
Cheers! Lawyers net £200m from SABMiller deal
September 1st, 2016
Law firms will bank almost £200m from advising on the third-largest corporate takeover ever – brewer SABMiller’s £79bn acquisition by Budweiser owner Anheuser-Busch InBev. In total, the two companies will pay an astonishing $2bn in fees and taxes to ...
World leaders ousted for legal reasons
September 1st, 2016
Brazil’s Dilma Rousseff became the latest political leader ousted for legal reasons after the Senate voted for her impeachment Wednesday. Rousseff joins a gallery of former leaders forced to stand down either through formal impeachment proceedings or forced to ...
Investors miss out on $500 billion as global bond yields plunge, Fitch Rating says
September 1st, 2016
Investors have seen their interest income squeezed as global bond yields plunge. On the flipside, governments aren’t complaining. Relative to yields in 2011, global investors are foregoing more than $500 billion in annual income on roughly $38 trillion in ...
Elliott Wave Analysis: German DAX Looking Higher In The Long Run
September 1st, 2016
German DAX has been trading south for the last year or so but it might have been only a temporary decline if we consider that structure is pointing up because of overlapping decline from 12424 to 8690 low, ...
ASIC cancels IMS FX Services license
September 1st, 2016
The Administrative Appeals Tribunal (AAT) has rejected an application from IMS FX Services Pty Ltd (IMS FX) that sought confidentiality orders and an interim order that prevented ASIC from amending the public Australian financial services (AFS) licence register to ...
