Archives
30% of electricity generated in Europe is from renewable sources
September 28th, 2018
Eurostat, the statistical office of the European Union situated in Luxembourg, released data showing that, in 2016, electricity generation from renewable sources contributed more than one quarter (30 %) to total gross electricity consumption in the European Union (EU). ...
Bitcoin-funded securities dealer and CEO charged for law violations
September 28th, 2018
The Securities and Exchange Commission filed charges against an international securities dealer and its Austria-based CEO for allegedly violating the federal securities laws in connection with security-based swaps funded with bitcoins. According to the SEC’s complaint, 1pool Ltd. a/k/a ...
Individuals and entities charged in global retail binary options fraud
September 28th, 2018
The Commodity Futures Trading Commission (CFTC) announced that it filed two complaints in federal district courts in Florida against four individuals and three entities and issued seven administrative Orders filing and simultaneously settling charges against seven individuals and two ...
The dollar stood tall against its peers; Euro lost more than 0.9 percent this week
September 28th, 2018
The dollar stood tall against its peers on Friday, hovering near a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases ...
European Commission released VAT Gap Frequently asked questions
September 27th, 2018
The European Commission has published a Fact Sheet with Frequently asked questions about the VAT Gap, that refers to the overall difference between the expected VAT revenue and the amount actually collected. VAT Gap: Frequently asked questions What is VAT? ...
Is money-laundering scandal at Danske Bank the largest in history?
September 27th, 2018
The Russian-speaking caller refused to give a name but the threat was explicit: “Do you really feel you can walk home safely at night?” It was 2013 and officers at the Estonian branch of Danske Bank were beginning to ...
Euro short-squeeze stage set as currency tests three-month high
September 27th, 2018
Euro bears are holding tight, setting the common currency up for a potential short squeeze that could turbocharge a burgeoning rally. Hedge funds and other large speculators have been adding to their euro short positions, according to the latest ...
Will oil prices pass $100 a barrel?
September 26th, 2018
Oil prices hit a four-year high of $82.01 a barrel on Tuesday after Saudi Arabia and Russia appeared to reject calls from the US to increase production amid looming sanctions against Iranian oil. Brent crude hit its highest level ...
Beware of FXC Markets giving the false impression that it is linked to FXCM
September 26th, 2018
BaFin, the Federal Financial Supervisory Authority that ensures the proper functioning, stability and integrity of the German financial system, has issued a warning to inform consumers about FXC Markets. According BaFin’s warning, a company called FXC Markets, which allegedly ...
U.S. financial regulator awarded almost $4 Million to an overseas whistleblower
September 26th, 2018
The Securities and Exchange Commission announced that it has awarded nearly $4 million to an overseas whistleblower whose tip led it to open an investigation and whose extensive assistance helped it bring a successful enforcement action. “Whistleblowers, whether they ...
