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Euro to US Dollar (EUR/USD) exchange rate steady as Eurozone faces increasing uncertainty

September 25th, 2020 (0)
The Euro (EUR) struggled to gain against the ‘Greenback’ today despite a relatively strong German IFO Business Climate survey for September, which rose from 92.6 to 93.4. However, with the Eurozone’s largest economy facing high levels of uncertainty as ...

World’s first crypto bank gets green light

September 24th, 2020 (0)
The mainstream adoption of crypto may soon be accelerated by the establishment of a pioneering bank dedicated to providing comprehensive deposit-taking, custody and fiduciary services for digital assets. The Kraken crypto exchange has announced that the American state of ...

European stocks retreated Thursday

September 24th, 2020 (0)
European stocks retreated Thursday as investors’ hopes for economic recovery following the coronavirus pandemic falter amid a second wave of cases. The pan-European Stoxx 600 fell 0.9% by mid-morning, with retail stocks shedding 1.6% to lead losses as all ...

Holiday mobile shopping projected to hit $314 billion

September 24th, 2020 (0)
This holiday season mobile device online shopping is expected to experience a substantial growth, according to a report in Forbes. M-commerce is expected to reach $314 billion in 2020, and will represent 44% of all e-commerce sales, according to ...

Civil enforcement action filing in $4.75 Million Forex Ponzi Scheme

September 23rd, 2020 (0)
The Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action in the United States District Court for the Middle District of Florida against 10 defendants in a multi-level $4.75 million off-exchange foreign currency (forex) Ponzi ...

Paris wins legal battle against Airbnb hosts in European high court

September 23rd, 2020 (0)
The European Court of Justice has upheld a French law that gives cities and towns the right to block short-term property rentals, a decision that may open the way for European cities to take action against Airbnb and similar ...

Asian shares mixed as worries percolate over pandemic; Euro to Dollar weakened

September 23rd, 2020 (0)
Markets were mixed in Asia on Wednesday as investors kept a wary eye on how the coronavirus pandemic will affect the economic outlook. Stocks slipped in Japan and Hong Kong but rose in Seoul and Shanghai and jumped more ...

Big banks moved trillions despite knowing money was illegal; FinCEN

September 22nd, 2020 (0)
Leaked documents reveal major flaws in the global effort to curb money laundering. Major international banks are in hot waters again. Confidential documents leaked to journalists show that some of the biggest international banks continued to do business with corrupt ...

ACCA New Report: Accountants and finance teams have an opportunity to lead their organisations

September 22nd, 2020 (0)
Accountants and finance teams have an opportunity to lead their organisations to better business decisions driven by insights from analysis of big data, rather than following a familiar pattern of reporting on past events. The profession needs to prove ...

Demand for safe-haven assets boosted the U.S. dollar causing most Asian currencies to falter

September 22nd, 2020 (0)
Stock markets in Indonesia, Philippines and South Korea declined more than 1% on Tuesday as rises in coronavirus cases locally and globally dampened hopes of a swift economic recovery. Indonesian 10-year benchmark yields are up  about 2.90 basis points ...
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