Archives
FXCM pays administrative penalty of $180,000 to Canadian regulator
October 27th, 2014
The Financial and Consumer Services Tribunal (Tribunal) approved a settlement agreement between Forex Capital Markets, the Financial and Consumer Services Commission (FCNB) and the Manitoba Securities Commission, which requires Forex Capital Markets to pay administrative penalties for non-compliance with ...
CySec and FSC warn against LiveFX
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) and the FSC Mauritius have recently been made aware that LiveFX is displaying a fraudulent copy of an Investment Dealer, Full Service Dealer (excluding underwriting) Licence portraying the logo FSC Mauritius which is accessible ...
CySec: acquisition of CIF (Cyprus Investment Firms) licence
October 27th, 2014
The Cyprus Securities and Exchange Commission (CySec) the Cypriot financial regulatory authority, has announced that “Skanestas Investments Ltd” has successfully obtained the CySec licence for CIF (Cyprus Investment Firms). The firm is now authorised to operate legally under the supervision ...
Australia 200 – Reintroduces Itself to Major Trading Range Above 5400
October 27th, 2014
Australia 200 for Monday, October 27, 2014 Throughout most of September the Australia 200 Index declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and 5500, ...
Calls for PM Abe to Delay Sales Tax Increase
October 27th, 2014
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision. “I ...
Billionaire Banned From Markets Increases DLF Risk
October 27th, 2014
The risk of India’s biggest property developer reneging on its debt in the year has surged to a 2009 high after it was barred from capital markets by the regulator. The median probability of nonpayment by DLF Ltd. (DLFU) ...
Latham and Bakers’ Saudi associates take key roles on $6bn National Commercial Bank IPO
October 27th, 2014
Latham & Watkins and Baker & McKenzie’s association firms in Saudi Arabia have won key roles advising on the IPO of the country’s largest lender, the National Commercial Bank (NCB). The $6bn (£3.7bn) flotation is the largest-ever listing in ...
Vodafone Starts Audit Into Possible Tax Fraud at Ono Unit
October 27th, 2014
Vodafone Group Plc (VOD) said it has begun an audit into possible tax fraud at Grupo Corporativo Ono SA, the Spanish cable operator Vodafone bought in July. “As soon as Vodafone became aware of the issue we instigated a ...
EU Value-Added Tax Reforms Closing The VAT Gap
October 27th, 2014
The European Commission has published its latest VAT Gap study, which shows that an estimated EUR177bn (USD223.9bn) in value-added tax (VAT) revenues was lost due to non-collection or non-compliance in 2012 – a figure equal to 16 percent of ...
Monday October 27: OSB Daily Technical Analysis- Indices
October 27th, 2014
OSB Daily Technical Analysis for October 27, 2014 S&P 500 rallied above the 1950 level on Friday closing at the high of the day suggesting that the bull run is intact and higher prices are imminent. Resistance at 1975 ...
