Archives
Citic Pacific Said to Plan About $4 Billion Share Sale to Public
March 27th, 2014
Citic Pacific Ltd. plans to sell about $4 billion of shares to restore its public float after absorbing assets from state-owned parent Citic Group Corp., people with knowledge of the matter said. Citic Pacific may approach sovereign wealth funds ...
CySec: Abolishment of requirement to publish an Annual Bulletin
March 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a circular informing the investors that, according to the recent amendments to the Public Offer and Prospectus Law of 2005 (L.114(Ι)/2005) with L.63(Ι)/2013, the requirement for reparation and publication of the ...
FBI shooting after Boston bombing was justified, investigator says
March 26th, 2014
The shooting death of Ibragim Todashev, an associate of the alleged mastermind of the Boston Marathon bombing who was killed in a scuffle with FBI agents, was justified, Florida’s Ninth Circuit State Attorney Jeffrey L. Ashton said in an ...
HMRC debt recovery powers will need to be ‘bomb-proof’
March 26th, 2014
IT WAS SOMETHING of a slow burner, but once people noticed HMRC may be granted the power to directly deduct tax owed from debtors, the concerns began to surface. Ethical issues were raised over the legitimacy of such a ...
FCA warning for clone company
March 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that Traders Trust Capital Markets Ltd (www.fxttcm.co.uk , www.fxttcm.co.uk/En/) is a clone firm and thus, is not permitted to provide financial services or ...
FCA: warning for unauthorised firm
March 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a Warning informing the investors that Everest Markets (UK) Limited/ Everest Capital Limited (http://www.everestmarkets.com) is not permitted to provide financial services or products. FCA announces that Everest Markets ...
Santander UK fined for widespread investment advice failings
March 26th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has fined Santander UK Plc the amount of £12,377,800 after the regulator uncovered serious failings in the way it offered financial advice from its bank. In particular, there was a ...
CySec fines Dragon Capital Ltd
March 26th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has issued an announcement giving the Dragon Capital (Cyprus) Ltd company the administrative fine of €12.000. CySec highlights that the fine given to Dragon Capital (Cyprus) Ltd is for the violation of The ...
Oculus Deal Said to Deliver 20-Fold Return to Spark and Matrix
March 26th, 2014
Spark Capital invested in Oculus VR Inc. in June after the firm’s partners bought the company’s virtual-reality goggles online. The bet ended in a 20-fold gain following Facebook Inc.’s agreement yesterday to buy Oculus for as much as $2.3 ...
EUR/USD fails at 1.3845/31
March 26th, 2014
Pair’s Outlook Although the support near 1.38 did in fact prevent further depreciation of the Euro last week, for now the currency still remains unable to restore an upward momentum. At the moment it is struggling to breach a ...
