Search Results for: foreign exchange
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
March 18th, 2015
Citigroup Inc. and Barclays PLC are expected to pay as much as $800 million combined to settle a lawsuit with investors who say the banks manipulated foreign-exchange rates, according to people close to the situation. The expected settlements would ...
Isle of Man Preparing to Pass Digital Currency Regulatory Framework
March 17th, 2015
The Isle of Man wants to become a leading Bitcoin hub and attract digital fintech businesses, entrepreneurs and developers, Business Insider reports. The government of the tiny island is about to pass a new regulatory framework to create a true paradise ...
Speech by Mario Draghi, President of the ECB at SZ Finance Day 2015
March 17th, 2015
Summary Europe needs to accelerate on its way to economic and institutional convergence. Due to falling oil prices, accommodative monetary policy and successful structural reforms, we can be optimistic about the economic outlook. The nascent recovery should be used ...
FXCM Aims for FastMatch, Lucid Stake Sale to Repay Loan
March 16th, 2015
FXCM Inc., the currency brokerage nearly ruined in January by the Swiss franc’s surge, is seeking to sell its stakes in three trading businesses as it grapples with repaying an emergency loan. The company started the process of selling ...
Swiss bank UBS settles currency-rigging claims for $135M
March 16th, 2015
Switzerland‘s largest bank, UBS, has agreed to pay $135 million to settle claims that it helped rig currency-exchange rates in a scheme involving some of the world’s biggest banks. The settlement announced Friday by the lead law firm in ...
Goldman Sachs Report Says Bitcoin Could Shape ‘Future of Finance’
March 12th, 2015
Bitcoin and cryptocurrencies are part of a technology “megatrend” that could change the fundamental mechanics of transactions, according to a new report from Goldman Sachs‘ equity research analysts. Bitcoin, along with improved payment security, ‘big data’ analytics and faster ...
UK – Offshore Tax Disclosures – Use The LDF while you can
March 9th, 2015
Tax authorities around the globe are increasingly working together to fight tax evasion and aggressive tax avoidance to collect more tax. In the UK, HMRC is geared up to take full ...
China Said to Tax Past Capital Gains by International Funds
February 27th, 2015
China plans to collect capital gains taxes from foreign money managers that invested in mainland markets during the five years through November 2014, a move that may compel funds to claw back more than $1 billion from investors to ...
Big Banks Face Scrutiny Over Pricing of Metals
February 24th, 2015
U.S. Justice Department investigates price-setting process for gold, silver, platinum and palladium U.S. officials are investigating at least 10 major banks for possible rigging of precious-metals markets, even though European regulators dropped a similar probe after finding no evidence ...
