Archives
Goldman Sachs faces BES losses
September 2nd, 2014
Goldman Sachs lent over £500m to Banco Espirito Santo (BES) just a month before the Portuguese government was forced to bail out the crisis-hit bank. The Wall Street bank bought up $835m (£503m) worth of the Portuguese lender’s bonds ...
British police can seize UK passports under new terrorism legislation
September 2nd, 2014
Police will be given the temporary power to seize the passports of those suspected of being involved with terrorism, the Prime Minister said today. In a statement to parliament afternoon David Cameron said it was “abhorrent” Brits had “declared ...
Gold Remains Below $1290 on Stronger U.S. Dollar; Palladium rise
September 2nd, 2014
Palladium rose for a fourth straight session on Monday to a 13-1/2-year high on fears that supply from top producer Russia could be hit due to the Ukraine crisis, while gold was little changed as the dollar nudged higher. ...
Australia 200 – Continues to Move Little Above 5600
September 2nd, 2014
Australia 200 for Tuesday, September 2, 2014 The Australian 200 Index has spent the last week consolidating and trading in a very narrow range right around 5620 after enjoying a strong surge higher to a new six year high ...
China anti-trust probes not protectionist, regulator says
September 2nd, 2014
Foreign companies are increasingly concerned they are being targeted by Chinese regulators, a U.S. business lobby said on Tuesday, as a Chinese antitrust agency defended probes into firms such as U.S. chipmaker Qualcomm Inc (QCOM.O). The American Chamber of ...
In tough times, contractors turn to creative marketing campaigns
September 1st, 2014
In the best of times, selling to the government is not an easy task. In the worst of times, it’s even harder. As federal budgets shrink and competition intensifies, contractors are battling it out not only for dollars, but ...
Swedish regulator warns for unauthorised firm
September 1st, 2014
The Swedish Financial Supervisory Authority (Finansinspektionen) has published a statement in order to warn investors against dealing with unauthorised firms. More precisely, the New York-based firm, Myers and Baker Associates has not received authorisation from Finansinspektionen and therefore is not ...
FCA warns against boiler room clone firm
September 1st, 2014
Financial Conduct Authority (FCA), the British regulator has issued a warning against boiler room “City Equities Ltd” (www.cityeq.com), informing the investors that the company appears as the clone firm of the FCA regulated firm, “City Equities Limited” (www.cityequities.com). Fraudsters ...
Bitcoin Foundation’s Shrem Will Plead Guilty
September 1st, 2014
Charlie Shrem, the former Bitcoin Foundation Inc. vice chairman, will plead guilty to unlicensed money transmission under an agreement with federal prosecutors, his lawyer said. Shrem was accused in an indictment of trying to launder more than $1 million ...
Dominica to Be the First Bitcoin Nation
September 1st, 2014
Dominica is set to be the first nation to adopt Bitcoin following a successful collaboration between island officials, Coinapult, Aspen Assurance, Bitcoin Beauties and the College Cryptocurrency Network, who have partnered to deliver the project, officially titled The Bit ...
