Archives
Waiving VAT and customs duties on vital medical equipment
November 18th, 2020
The European Commission waives customs duties and VAT on the import of medical equipment from non-EU countries. The European Commission had already in April 2020 published a decision helping Member States affected by the coronavirus pandemic to temporarily suspend ...
Brexit: What’s happening and what comes next?
November 18th, 2020
It’s been a hectic year in news, with the coronavirus pandemic and the US presidential election dominating the headlines. Brexit deadlines have come and gone, but now it’s fair to say crunch time is fast approaching for the UK’s ...
European stocks closed lower; Travel stocks shedding 1.1%
November 18th, 2020
European stocks closed lower on Tuesday despite a backdrop of more positive coronavirus vaccine news from Moderna. The pan-European Stoxx 600 closed down by around 0.2% provisionally, with travel stocks shedding 1.1% to lead the losses as the majority ...
Cyprus Investment Firm fined; The reason?
November 16th, 2020
The Board of the Cyprus Securities and Exchange Commission (the ‘CySEC’) has issued an announcement to inform for the imposition of an administrative fine to a Cyprus Investment Firm (CIF). In accordance with the announcement, the CySEC at its ...
Dollar loses ground, pound gains as traders eye Brexit talks
November 16th, 2020
The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiationg a post-Brexit trade deal. Sentiment across markets were mixed, ...
Lebanon to launch digital currency in 2021, central bank governor says
November 16th, 2020
The plan as part of a broader effort to fight a parallel economic and financial crisis that has engulfed the country, according to CoinTelegraph. The country’s central bank has been pondering over the idea of a state-run digital currency ...
Impact of COVID-19 on household consumption and savings
November 11th, 2020
In the second quarter of 2020, the EU household saving rate recorded its highest year-over-year increase since the time series began at +10.8 percentage points (pp). The main reason behind this was a marked 17.3% year-on-year decline in household ...
European stocks close higher on vaccine hopes
November 10th, 2020
European stocks closed higher Tuesday, extending gains from the previous session on hopes an effective coronavirus vaccine has been found. The pan-European Stoxx 600 nudged higher to close up around 0.1% provisionally. Tech stocks dropped 1.9% while banks surged ...
Fondex Adds Paymero as New Funding Method for Asian Clients
November 10th, 2020
Fondex, the multi-award winning and regulated online CFD broker, has declared yet another new addition to its various account funding methods – Paymero. Paymero is a world-class payment solution for Asian markets that offers Fondex clients the flexibility of ...
ASIC further regulates the selling of CFDs to Retail Investors
October 29th, 2020
The Australian Securities and investment commission has announced the restrictions on selling. They would like to protect investors, as they are saying. New rules will also mandate negative account protection. It will ensure customers do not lose more than ...
