Archives
CySec: acquisition of Administrative Services Providers (ASP) licence
June 17th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Provider (ASP): Bizserve Consultants Ltd A.M.Bekkali Consulting and Services Limited ...
Hackers to Sell Stolen Credit Cards on Youtube
June 17th, 2014
A review of content on Google Inc. (GOOG)’s YouTube service turned up dozens of videos selling stolen credit card data, according to an Internet-safety research group trying to shed more light on an $18 billion illicit industry. The group, ...
Japan’s Abe Confirms Corporate Tax Cuts From 2015
June 17th, 2014
Prime Minister Shinzo Abe has confirmed that Japan’s effective corporate tax rate will be reduced from its current rate of up to 36 percent to below 30 percent in the next few years. A first cut is expected to ...
Dukascopy Bank SA introduces a new rollover policy
June 16th, 2014
Dukascopy Bank SA has announced a new rollover policy, starting from June 30, 2014 where two additional rollover schemes will be available: Premium and Advanced. The clients will be automatically switched between the schemes at the end of a ...
Alibaba gives more business details ahead of IPO
June 16th, 2014
Alibaba is pulling back the curtain a little bit more, providing more information about its partnership structure and financials ahead of its planned initial public offering. China’s biggest e-commerce company filed for an initial public offering in the U.S. ...
Greenpeace loses £3m in currency speculation
June 16th, 2014
Environmental group apologises for record losses last year after employee lost campaign funds on international currency markets. Greenpeace International last year lost €3.8m (£3m) of donations through speculation on currency markets. According to a statement released on Sunday, in ...
Federal Banking Regulators Finalize Joint Supplemental Guidance on Income Tax Allocation Agreements
June 16th, 2014
U.S. Federal banking regulators issued final supplemental guidance on income tax allocation agreements involving holding companies and insured depository institutions. An aim of the guidance is to reduce confusion regarding ownership of tax refunds. The guidance supplements an interagency ...
Phillip Futures Selects FlexTrade for White Label FX & Precious Metal Trading
June 16th, 2014
A global leader in multi-asset execution and order management systems, FlexTrade Systems, Inc., today announced Phillip Futures, a member of PhillipCapital Group , has deployed MaxxTrader, its full STP, white label FX trading system to process client NDFs, spot currencies ...
France Confirms Tax Cuts
June 16th, 2014
The French Finance Ministry has presented a supplementary finance bill to the Council of Ministers, which provides for income tax relief worth over EUR1bn (USD1.4bn) for low-paid earners, a one-year extension to the corporate tax surtax, and commits to ...
European companies continue to be impacted by the sovereign debt crisis
June 16th, 2014
Despite signs of improving stability in the European economy, strong headwinds from the sovereign debt crisis continue to impact corporate defaults. The sovereign debt crisis affecting much of Europe continued to impact the economic stability of the entire continent ...
