Archives
Online payment services make big IPO waves this year; Global IPO rankings in 2018
September 11th, 2018
The over $5 billion initial public offering in Hong Kong of Xiaomi, the world’s No. 4 smartphone maker, may have made the biggest splash in the global initial public offering market in the first half of the year, but ...
Two brokers charged with defrauding customers
September 11th, 2018
The Securities and Exchange Commission (SEC) charged two brokers for recommending excessive levels of trading that were costly for retail customers but lucrative for the brokers. In separate complaints filed in federal court in Manhattan on Friday, the SEC ...
Early Forex Review: Euro, sterling rise on hopes for Brexit deal
September 11th, 2018
The euro and sterling rose against the dollar on Monday after the European Union’s top negotiator said an agreement for Britain to leave the economic bloc might be reached in the coming weeks. The pound in particular had been ...
US Securities and Exchange Commission halts trading in two cryptocurrency products
September 10th, 2018
The U.S. Securities and Exchange Commission (SEC) said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing confusion in the markets over whether the products are exchange-traded funds (ETFs). In accordance the SEC’s ...
12 US cities where accountants draw higher pay
September 10th, 2018
In an extremely competitive hiring environment, a competitive salary isn’t the only important benefit for employers of accountants to offer. Recently released salary guides by Robert Half International and Accounting Principals show that salary benchmarks are particularly high for ...
Online lawyers to offer ‘smart contracts’; Blockchain technology to be used
September 10th, 2018
Smart contracts for everyday legal transactions will use blockchain technology as legal and blockchain providers join forces. Online legal services pioneer Rocket Lawyer has announced plans to offer its clients ‘smart contracts’ by integrating blockchain technology into everyday legal ...
Investment fraud led to the loss of more than £2.8m of investors’ money
September 10th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform about FCA’s second largest ever criminal prosecution and most complex fraud investigations. Operation Tidworth was ...
Oil prices rose as U.S. drilling for new production stalled
September 10th, 2018
Oil prices rose on Monday as U.S. drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. U.S. West Texas Intermediate (WTI) crude futures were at ...
The world’s second-largest cryptocurrency Ether plunges more than bitcoin
September 7th, 2018
Ether was the star cryptocurrency last year, way outperforming its predecessor bitcoin. But 2018 has been a different story. The world’s second-largest digital asset is down 76 percent this year and can’t seem to catch a break. Investor patience ...
Dutch bank ING fined 775 million euros in money laundering case
September 7th, 2018
Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country’s financial prosecution service said in a statement that ING for years failed to adequately ...
