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Former PwC employees to stand trial over Luxleaks scandal
April 26th, 2016
THE LUXLEAKS scandal starts a new chapter today as two former PwC employees go on trial accused of leaking thousands of corporate documents that expose Luxembourg’s shadowy tax deals. Antoine Deltour, a former auditor for the Big Four firm and ...
Exness Group confirms to have US$83.78 million of own funds
April 26th, 2016
Exness Group today released a Report of Factual Findings on Exness’ funds conducted by Deloitte, reinforcing its stand for greater transparency in the forex industry and confirming the Group to have US$83.78 million of own funds. In its lead and establishment ...
BITSTAMP has been granted a license and launches BTC/EUR Trading
April 26th, 2016
BITSTAMP has issued an announcement to inform that it becomes the first nationally licensed Bitcoin Exchange and launches BTC/EUR trading. The following announcement was published: “Dear clients, partners and supporters of Bitstamp, We are very excited to share with ...
Dubai sees 5% rise in tourists to 4.1 million in Q1
April 25th, 2016
Dubai welcomed 4.1 million overnight visitors in the first three months of 2016, a 5.1 percent increase over the same period last year, official figures showed on Monday. The increase was backed by strong double digit growth from its ...
IMF lowers Gulf economic growth forecast with ‘substantial measures needed’
April 25th, 2016
Growth in the Arabian Gulf will slow to 1.8 per cent this year as low oil prices take their toll on budgets, which will lose $140 billion in export revenue this year, the IMF said today. The growth forecast ...
Oil falls as traders cash in after three weeks of gains
April 25th, 2016
Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.80 per barrel at ...
Asian Stocks Retreat as Oil Falls With Copper; Yen Strengthens
April 25th, 2016
Japanese currency advances after steepest drop since 2014 Crude retreats from five-month high; British pound gains Asian shares were set for the first back-to-back declines in a month as commodities prices retreated and the yen strengthened, reflecting investor caution ...
E*TRADE Financial Corporation announces First Quarter 2016 Results
April 22nd, 2016
First Quarter Results Net income of $153 million, or $0.53 per diluted share Adjusted net income of $122 million(1), or $0.43 per diluted share(1), excluding a $31 million income tax benefit related to the release of a valuation allowance ...
EBS BrokerTec expands its successful NDF offering
April 21st, 2016
One month against the fix complements existing successful one-month outright product EBS BrokerTec, ICAP’s market-leading electronic foreign exchange (FX) and fixed income business, announces today that in response to customer demand it has added a new non-deliverable forward (NDF) ...
SEC announced penalties on two Accounting fraud cases
April 20th, 2016
The Securities and Exchange Commission today announced a pair of financial fraud cases against companies and then-executives accused of various accounting failures that left investors without accurate depictions of company finances. In one case, technology manufacturer Logitech International agreed ...
