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Cyprus begins new round of gas exploration
March 28th, 2016
Cyprus on Thursday launched a third licensing round for offshore oil and gas drilling off the Mediterranean island’s southern coast. “The decision to launch this licensing round was based on the huge interest by international companies to carry out ...
Virtual Currency that is rival to Bitcoin, attracts attention and has soared in value
March 28th, 2016
A new virtual gold rush is underway. Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months. Beyond the ...
AMF France warns against the activities of Binary Options Trading websites that are not authorised
March 28th, 2016
The Autorité des Marchés Financiers (AMF), the financial regulatory authority of France, has issued a press release to inform investors and public for Binary Options Websites offering their services in France without the necessary authorisation by AMF. Below is ...
Icap Plc: Last update on Tullett Prebon plc
March 28th, 2016
Further to the announcements by ICAP on 11 November 2015 relating to ICAP’s agreement of definitive terms to dispose of its global hybrid voice broking and information business to Tullett Prebon plc (the “Transaction”) and on 1 March 2016 ...
Low Oil Prices Forcing Saudi Arabia To Modernize Economy
March 28th, 2016
The collapse in oil prices is forcing Saudi Arabia to undertake some deep and fundamental changes to its economy, reforms that no amount of browbeating from organizations like the IMF could induce. A new report from The Atlantic Council finds that ...
Asia-Pacific law firms enjoy biggest slice of IPO pie
March 25th, 2016
IPO activity is in a worldwide slump, but new research from accounting giant EY has shown that the Asia-Pacific region is still dominating in public listings. According to the latest EY report, the Asia-Pacific region accounted for 61 per ...
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
March 24th, 2016
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 ...
Oil prices tumbled 4 percent; U.S crude settling below the key $40 per barrel
March 24th, 2016
Oil prices tumbled 4 percent on Wednesday, with U.S crude settling below the key $40 per barrel mark after a sixth straight week of record highs in stockpiles that traders warned could cut short the market’s two-month long rally. ...
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
CME Group and Thomson Reuters to Enhance LBMA Silver Price Benchmark
March 23rd, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, in its capacity as joint administrator and calculation agent for the LBMA Silver Price, and Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today ...
