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The EU is taking another look at regulating crypto
August 30th, 2018
Cryptocurrency traders and issuers of virtual currencies are in for a fresh round of scrutiny from European politicians. Finance ministers from the European Union’s 28 member states will discuss a host of challenges posed by the growing popularity of ...
Former FIFA official jailed in bribery scandal
August 30th, 2018
The Former FIFA official jailed for nine years after he was convicted last year of racketeering and other charges related to a corruption scandal. Juan Angel Napout, from Paraguay, the former head of South America’s footballing body, was sentenced ...
Grant Thornton fined £3m by a watchdog for misconduct over audits
August 30th, 2018
The Financial Reporting Council (FRC), the independent, investigative and disciplinary body for accountants and actuaries in the UK, has issued an announcement to inform that has fined and reprimanded Grant Thornton UK LLP and three senior statutory auditors. According the ...
Early Forex Review: Dollar advances against most currencies
August 30th, 2018
The dollar rose against most currencies on Wednesday, as optimism over a U.S.-Mexico trade deal gave way to concern that a conflict over trade between Washington and Beijing was not about to end soon. The deadline for public comment ...
Global economy is facing a ‘perfect storm’, warns BIS chief
August 29th, 2018
The problem with the current US policy of using tariffs to pursue trade and economic strategies is that they are such a crude tool to use within such a complex, sophisticated and global ecosystem. The Bank of International Settlements’ ...
Bitcoin breaks above $7,000; Ethereum, Litecoin, Ripple also advance
August 29th, 2018
Bitcoin advanced for a fourth day, exceeding $7,000 in its longest winning streak in more than a month, and with momentum indicators suggesting the rally has further to run. The biggest cryptocurrency climbed as much as 4.7 percent on ...
Swiss watchdog to propose looser anti-money laundering rules for fintechs
August 29th, 2018
Swiss financial regulator FINMA is planning to loosen anti-money laundering rules for smaller financial technology firms, part of a drive to boost innovation and shore up the country’s position as a leading money management hub. The revisions, prompted by ...
Moody’s credit ratings agency to pay $16.25 million in penalties to settle charges
August 29th, 2018
The U.S Regulator, Securities and Exchange Commission (SEC), announced that Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control ...
European stocks hold steady; Stocks on Wall Street extended gains
August 29th, 2018
European markets ended on a mixed note at Tuesday’s close, with risk appetite sharpened by news the U.S. and Mexico had reached a deal to overhaul the North American Free Trade Agreement. The pan-European STOXX 600 was off 0.03 ...
Enormous refund ordered to USA retail investors for being misled
August 28th, 2018
The Securities and Exchange Commission (SEC) announced charges against four Transamerica entities for misconduct involving faulty investment models and ordered the entities to refund $97 million to misled retail investors. According to the SEC’s order, investors put billions of ...
