Archives
Emerging currencies and shares gain after U.S. midterm results
November 8th, 2018
Emerging stock and currency markets inched higher on Wednesday as investors took a positive view of U.S. midterm elections that gave Democrats the ability to thwart President Donald Trump but left Republicans firmly in charge of the Senate. A ...
Fake Elon Musk accounts on Twitter promote bitcoin scams, one collects $170K
November 7th, 2018
Several verified Twitter accounts have been hacked to impersonate Elon Musk on, Nov. 5, with one reportedly collecting almost $170,000. After compromising verified accounts, scammers changed the profile name and picture in order to pose as the Tesla CEO. ...
Victims of €20m French-Israeli ads scam to get some money back, not from Israel
November 7th, 2018
Seven years after French law enforcement began receiving complaints about a sophisticated advertising scam operated from France and Israel, hundreds of victims of the 20 million euro ($17.5 million) fraud are being notified by the French authorities that they ...
EU tax haven blacklist shrinks to five
November 7th, 2018
European Union finance ministers on Tuesday removed Namibia from the bloc’s blacklist of tax havens, an EU statement said. The list is now down to five non-cooperative jurisdictions: American Samoa, Guam, Samoa, Trinidad and Tobago and the US Virgin ...
Individuals fined and banned from performing any role in regulated financial services
November 7th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued a press release to inform that The Upper Tribunal has upheld the Financial Conduct Authority’s (FCA) decision to fine ...
The dollar seesawed versus the euro and yen in a volatile session
November 7th, 2018
The dollar seesawed versus the euro and yen in a volatile session as traders scanned U.S. midterm election results for early insights into the prospect of Congressional gridlock. The Democratic Party is expected to win control of the U.S. ...
Denmark pushes to widen probe into multi-billion-euro tax fraud
November 6th, 2018
Denmark is widening its investigation of a massive stock trading scam, as the state attempts to recover $2 billion of tax reclaims it was tricked into paying. The country’s tax minister has asked the financial regulator to gather information ...
Visa CEO Predicts 100 Million Contactless Cards in a Year
November 6th, 2018
Visa Inc. has been talking up contactless payments lately, though its executives and spokespersons usually dole out percentages rather than hard numbers to describe what is still a minuscule market in terms of card numbers and transaction volume. But ...
Swap dealer ordered to pay a $900,000 fine
November 6th, 2018
National Futures Association (NFA), a self-regulatory organization for the U.S. derivatives industry, has issued a press release to inform that has decided to order New York, NY swap dealer Mizuho Capital Markets LLC (Mizuho Capital) to pay a $900,000 ...
British Pound rallies on hopes for a UK customs deal Brexit agreement
November 6th, 2018
The pound rallied on Monday after a report said Britain was nearing a deal for leaving the European Union and that an all-UK customs arrangement would be part of it. The currency was lifted by the Sunday Times report ...
