Archives
FCA warning against clone firm
May 12th, 2015
The Financial Conduct Authority (FCA) of the United Kingdom has issued a warning to alert all recipients that: Fraudsters are using or giving out the following details as part of their tactics to scam people: Clone firm details Corporate ...
Putin’s Next Takeover Target Is Oil Giant’s $34 Billion Cash Pile
May 12th, 2015
In Russia, even private companies serve at the pleasure of the president, particularly if they pump oil. A decade ago, Vladimir Putin’s allies had Mikhail Khodorkovsky jailed and seized his Yukos Oil Co. Last year, they forced billionaire Vladimir ...
China Adopts IMF Accounting Practice in Reserve-Currency Push
May 12th, 2015
China adopted the International Monetary Fund’s standards for its latest balance of payments data as the nation seeks to obtain reserve-currency status for the yuan. The changes, effective this year, include putting reserve assets under the financial rather than ...
ASIC cancels FX company’s licence
May 12th, 2015
Following an investigation, ASIC has cancelled the Australian financial services (AFS) licence of FX provider Rainbow Legend Group Pty Ltd (Rainbow Legend) for failing to comply with its obligations, including making false and misleading statements. The move is part ...
Advanced Markets Launches Contracts for Difference
May 12th, 2015
Advanced Markets announces the availability of CFD trading Advanced Markets Ltd., an ASIC licensed leading Prime of Prime (PoP) brokerage and top-tier liquidity provider to institutional and retail brokerage firms, announced today the addition of 10 CFD products to ...
GCC pushes on towards introduction of regional VAT
May 12th, 2015
GCC officials agreed at the weekend to keep working towards the introduction of a value-added tax (VAT) around the region, in a sign that low oil prices may be strengthening support for the idea. A meeting in Doha of ...
Bank parents or main units seen pleading guilty over FX: sources
May 12th, 2015
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter ...
Eurogroup sees progress on Greece but wants more, soon
May 12th, 2015
There were no positive or negative surprises at Monday’s Eurogroup for Greece as eurozone finance ministers confirmed in writing that there had been progress in talks between Athens and its lenders but that intensive work needs to be done ...
FOREX: Dollar strengthens as Greek debt crisis weighs on euro
May 12th, 2015
* Pressure remains on kiwi from rate-cut expectations * Sterling holds most post-election gains after BOE stands pat The dollar firmed against major counterparts on Tuesday, as ongoing anxiety over Greece‘s debt crisis helped push the euro toward a one-week ...
Tuesday May 12: OSB Commodities & Equity Indices Cheat Sheet & Key Levels
May 12th, 2015
OSB Commodities & Equity Indices Cheat Sheet & Key Levels May 12. Gold Open 1189.00, High 1190.90, Low 1178.00, Close 1183.00, -0.50% Change. Silver Open 16.42, High 16.55…View table below
