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Market get a boost: Etisalat 40 percent is open to investment by individual UAE citizens

June 25th, 2015 (0)
News that restrictions on investment in United Arab Emirates telecommunications operator Etisalat will be loosened may boost Abu Dhabi’s market on Tuesday, while other bourses may have a modestly positive tone. At present, the government’s Emirates Investment Authority (EIA) ...

Nasdaq and Chain to Partner on Blockchain Technology Initiative

June 25th, 2015 (0)
Nasdaq Private Market Will be First Project at Nasdaq to Use Chain’s Technology Chain Will be Inaugural Client on Nasdaq Private Market to Leverage Blockchain Technology Nasdaq (Nasdaq:NDAQ) today announced a new partnership with Chain, the leading blockchain infrastructure provider to ...

Barclays Selects JPMorgan to Replace Credit Suisse as Broker

June 25th, 2015 (0)
Barclays Plc picked JPMorgan Chase & Co. to replace Credit Suisse Group AG as a corporate broker amid a review of the bank’s performance by new Chairman John McFarlane. Deutsche Bank AG retained its advisory role. JPMorgan was chosen ...

Maltese Cross Financial Services case: MFSA Malta continue its investigation into the misuese of clients’ assets by the company

June 25th, 2015 (0)
The Malta Financial Services Authority said that it is continuing its investigation into the misuse of clients’ assets by Maltese Cross Financial Services Ltd. “The Authority’s investigations into the affairs of the company are still on-going. In the course ...

Investigation into KPMG in connection with The Bank of New York Mellon’s compliance with the FSA’s client asset rules

June 23rd, 2015 (0)
The Financial Reporting Council (FRC) has launched an investigation under the Accountancy Scheme into the conduct of KPMG Audit plc, auditors to The Bank of New York Mellon London branch and The Bank of New York Mellon International Limited, ...

Deloitte instead of PWC for the world’S largest plumbing supplies group Wolseley

June 23rd, 2015 (0)
The world’S largest plumbing supplies group Wolseley yesterday said it was changing auditors and hiring Deloitte to carry out its statutory audits, instead of rival PwC. PwC has been the FTSE 100 company’s auditor since before it was listed ...

LAT Joins Forces With FXCM UK to Launch New Trading Programme

June 23rd, 2015 (0)
The London Academy of Trading (LAT) has launched a Financial Trading Programme in association with online spread betting and CFD broker Forex Capital Markets Limited (“FXCM UK”). This new course marks another step forward in LAT’s expansion as it remains the only ...

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates)

June 22nd, 2015 (0)
Market operations Substitute purchases by Eesti Pank On 2 June 2015 the Governing Council decided that, owing to the lack of government and agency bonds needed to accommodate the Estonian benchmark allocation under the PSPP, Eesti Pank could conduct ...

Depressed Oil Prices Push OPEC Revenue Below $1 Trillion In 2014

June 19th, 2015 (0)
The 2014 crash in oil prices caused the combined oil earnings of OPEC’s 12 members to drop 11 percent from $1.112 trillion in 2013 to $993.3 billion in 2014. It is the first time the group’s revenue has fallen ...

Monex Group Reports Monthly Consolidated Financial Results

June 18th, 2015 (0)
Monex Group has issued a statement informing for the Group’s Monthly Consolidated Financial Results for May 2015.   The company noted that the May 2015 figures are un-audited and in some respect are yet to complete proper accounting process. ...
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