Search Results for: Citi
China Antiterror Law Doesn’t Require Encryption Code Handovers
December 28th, 2015
But law passed by rubber-stamp parliament Sunday still raises concerns about its scope and impact China passed a new antiterrorism law that stepped back from previous language of concern to global technology firms, but which still raises questions about ...
The Most Profitable Work Will Be Automated: The Rest Will Be Left to Us
December 23rd, 2015
A new system is self-organizing before our eyes. We just have to stop obstructing its rise and start facilitating its expansion in self-evident ways. What’s abundant and what’s scarce? The question matters because as economist Michael Spence (among others) ...
Dollar inches higher after mixed U.S. data
December 23rd, 2015
The dollar inched up in holiday-thinned trading on Wednesday, with most major currency pairs bobbing about in narrow ranges after data overnight painted a mixed picture of the U.S. economy. After the U.S. Federal Reserve’s widely anticipated interest rate ...
Asia equities gain; New Zealand hits record high
December 23rd, 2015
Asia stocks followed their Wall Street peers higher on Wednesday as investors cheered strong U.S. data, a pause in the greenback’s rally and higher oil prices. Markets in Japan were shut for the Emperor’s Birthday. The region is expected ...
Britain pays to PwC for helping to design Ukraine’s tax reform – finance ministry
December 22nd, 2015
The Finance Ministry of Ukraine drew up the draft amendments to the Tax Code of Ukraine itself, although the ministry used consultations by PricewaterhouseCoopers (PwC) international consulting company, the services of which were paid by the British government. The ...
Russian Information Minister Is Keen to Explore Blockchain Technology
December 22nd, 2015
Nikolai Nikiforov, the Russian Minister for Communications and Mass Media spoke about Bitcoin’s underlying technology, the blockchain. The Minister notes the distributed ledger technology as “very interesting” and intends to monitor its development going forward. Speaking at the ‘Internet ...
FINRA Sanctions Cantor Fitzgerald & Co. $7.3 Million for Selling Billions of Unregistered Microcap Shares, and for Related Supervisory and AML Violations
December 22nd, 2015
Trader and Supervisor Suspended and Fined The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Cantor Fitzgerald & Co. $6 million and ordered disgorgement of nearly $1.3 million in commissions, plus interest, for selling billions of ...
China Unveils Economic Blueprint for 2016
December 22nd, 2015
Chinese leaders approved an economic blueprint for next year that emphasizes tackling long-term problems and reflects a realization that debt and investment can no longer power the world’s second-largest economy. The plan, laid out at a closed-door conclave of ...
How banks are trying squelch Bitcoin’s momentum
December 21st, 2015
There is no question that Bitcoin is causing a lot of worry and hand-wringing in the banking sector — and in national governments uncertain of how to regulate it. It is, after all, a highly disruptive technology — one ...
Election in Spain left the country in even deeper political uncertainty
December 21st, 2015
After vote, Spain’s Rajoy faces arduous task Sunday’s election left Spain mired in even deeper political uncertainty than before, with experts calling it “near impossible” for Prime Minister Mariano Rajoy to find the political bedfellows necessary for a coalition. ...
