Archives
Oil prices dips on concerns of slowing economic growth
August 20th, 2018
Oil prices dipped on Monday as concerns over slowing economic growth weighed on markets. International Brent crude oil futures were at $71.78 per barrel at 0019 GMT, down 5 cents from their last close. U.S. West Texas Intermediate (WTI) ...
Hard Brexit would bring VAT sign-up headache for EU sellers
August 20th, 2018
European Union-based vendors who use platforms like eBay Inc. and Amazon.com Inc. to sell goods into the U.K. face a compliance headache in the event of a hard Brexit, as they would need to register for value-added tax. A ...
Most Asian equities gained on Monday, Yen to Dollar little changed; Key events coming up this week
August 20th, 2018
Most Asian equities gained on Monday as traders held out hopes about developments in the trade war and ahead of a meeting of central bankers later in the week that may throw up clues on the outlook for markets. ...
Bets against bitcoin have doubled since the beginning of August, exchange says
August 17th, 2018
Betting on bitcoin isn’t for everyone. However, according to data from a leading cryptocurrency exchange, interest in betting against the worlds biggest digital currency is growing. Bitfinex, the fourth largest cryptocurrency exchange with 24-hour volume of $614.8 million, has ...
Deloitte poll: Nearly half of responding organizations plan to modernize compliance in year ahead
August 17th, 2018
Almost half (48.3 percent) of risk and compliance, internal audit, C-suite executive and board professionals plan to modernize their compliance functions by changing core compliance execution practices during the next 12 months, according to a recent Deloitte poll. Further, ...
US financial services company will pay millions to settle charges; The reason?
August 17th, 2018
The Securities and Exchange Commission (SEC) has issued an announcement to inform that Ameriprise Financial Services Inc. will pay $4.5 million to settle charges. The Reason According to SEC’s announcement, Ameriprise Financial Services Inc. failed to safeguard retail investor ...
A new legal challenge to Brexit is filed
August 17th, 2018
The UK in EU Challenge group, an anti-Brexit organization consisting largely of British expatriates living in Spain, France and Italy, filed a new legal challenge to Brexit Tuesday alleging that the referendum vote was not a fair vote and the ...
Euro to Pound exchange rate strengthens following bolstered balance of trade
August 17th, 2018
The Euro Pound (EUR/GBP) exchange rate is trading at its highest level this week after the EU released the Eurozone’s latest balance of trade data. The figure came in at €22.5bn, lengthening the previous surplus of €16.5bn and beating ...
Ten experts debate bitcoin’s recent declines and the future of cryptocurrency
August 16th, 2018
Bitcoin’s price was above $8,000 at the end of July. Now, in the middle of August, the cryptocurrency is down to around $6,500. “What you’re seeing now is a bit of panic selling” Brian Kelly said on CNBC’s “Power ...
Housing bubble in the UK?
August 16th, 2018
A housing bubble in the UK is gradually deflating due to an ongoing massive sale of residential properties fuelled by Brexit concerns, which is poised to alleviate lingering affordability issues. UK housing prices falling at fastest rate since 2009 ...
