Archives
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 ...
The U.S. Dollar Index is down against a list of other major currencies
September 21st, 2020
The U.S dollar was trading lower in the latter part of Asia’s trading session on Monday. The slump was triggered on growing concerns about whether the safe-haven currency had found its footing after five straight months of declines, with ...
European stocks fell on Thursday; The biggest sectoral decliners in Europe
September 17th, 2020
European stocks fell from a one-month closing high on Thursday after an underwhelming response to the U.S. Federal Reserve’s pledge to keep interest rates low for a prolonged period. The pan-European STOXX 600 dropped 0.9%, on course to break ...
Irish High court freezes probe into Facebook’s EU-U.S. data flows
September 15th, 2020
Ireland’s High Court on Monday (14 September) temporarily froze a probe by Facebook’s lead European Union regulator that threatened to halt the U.S. social media giant’s transatlantic data flows, a court spokesman said. Facebook had sought a judicial review ...
