Exential Office

The US$200 million investment scam; hunt is on

Investigators looking into a financial scam that took Dubai residents for tens of thousands of dollars have shifted their focus to recovering about US$200 million (Dh734.5m). The sum is ... Read More
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Star investor Bill Gross reaches $81 million settlement with Pimco

Legendary investor Bill Gross has reached an $81 million truce with Pimco, ending a war with the firm he founded and built into the world’s biggest bond manager. Gross ... Read More

What FBI do to combat Binary Options fraud

Stock options. It’s a pretty common investment term meaning, in general, that one party sells or offers to another party the opportunity to invest by buying a particular stock ... Read More

Oil prices under pressure after historical high for U.S. crude stocks

Oil prices fell further Thursday, depressed by the latest pick up in U.S. crude stockpiles and production. On the New York Mercantile Exchange, light, sweet crude futures for delivery ... Read More

Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market

A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to ... Read More

Merrill Lynch to its brokers: make at least two client referrals to avoid a cut in pay

Merrill Lynch will require its brokers to make at least two client referrals to other parts of parent Bank of America Corp. next year to avoid a cut in ... Read More
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G20 merchandise trade growth remains sluggish in Q3 2016

Growth in G20 total international merchandise trade, seasonally adjusted and expressed in current US dollars, slowed in the third quarter of 2016. G20exports fell marginally, by 0.1%, compared to a ... Read More

New bitcoin rival promises anonymity for online purchases

A new cryptocurrency launched late last week, claiming to allow users to make online purchases anonymously and sparking controversy and a negative reaction from the authorities. Zcash launched last ... Read More

Blockchain platform developed by Banks to be Open-Source

A blockchain platform developed by a group that includes more than 70 of the world’s biggest financial institutions is making its code publicly available, in what could become the ... Read More

Nigerian Banks Suspend Use of ATM Cards Abroad

Several commercial banks in the country have suspended the use of their naira ATM cards abroad by their customers. On Friday, Stanbic IBTC Bank and Standard Chartered Bank Nigeria ... Read More
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