Archives
Euro to US Dollar (EUR/USD) exchange rate steady as Eurozone faces increasing uncertainty
September 25th, 2020
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
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
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
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
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
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
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
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
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
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 ...
