Search Results for: UBS AG
Asian Stocks Retreat as BOJ Negative-Rate Proposal Weakens Yen
April 22nd, 2016
Microsoft, Alphabet, Sony profits fall short of estimates Topix rebounds as currency weakens; Shanghai Composite falls Asian stocks retreated from a four-month high as companies including Sony Corp. and Microsoft Corp. reported earnings that missed estimates. Japanese shares rose ...
Russian Official Calls for Criminal Liability for Bitcoin
April 21st, 2016
Russia’s Investigative Committee Chairman Alexander Bastrykin has, once again, opined that virtual and cryptocurrencies like Bitcoin are money substitutes or surrogates that need to be outlawed. He also claimed that virtual currencies are “often used” for the financing of ...
New Treasury report claims lawyers will be worse off as result of Brexit
April 21st, 2016
A new report issued by the Treasury has claimed lawyers and other professional services will be worse off if Britain leaves the European Union (EU) because of a reduction in access to the single market. The 200-page document, titled ...
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) ...
The Swiss National Bank announced that the Swiss Interbank Clearing payment system goes into operation
April 21st, 2016
The Swiss National Bank (SNB) welcomes the successful operational start-up of the technically overhauled Swiss Interbank Clearing (SIC) payment system by SIX Interbank Clearing Ltd on the settlement day 15 April 2016. The SIC system, used by banks to ...
Global Legal firm and Cloud Legal services LawPath have formed a strategic alliance
April 20th, 2016
Emerging businesses can face significant difficulties accessing quality legal services when raising capital or formalising employment agreements. The capital raising phase is often the first time these businesses have sought legal advice, and the process can prove time consuming, ...
Deloitte set to face FRC disciplinary over Aero Inventory audit
April 20th, 2016
DELOITTE is set to face an FRC disciplinary tribunal over its conduct relating to its audit and the financial statements of collapsed AIM-listed aeroplane parts manufacturer Aero Inventory. The case – which will examine the conduct of audit partner John ...
Saudi $10 Billion Financial District Is Missing One Thing: Banks
April 20th, 2016
Saudi Arabia’s $10 billion financial hub in Riyadh will have gleaming towers connected by sky bridges, cutting-edge climate technology and a monorail that can circle the whole area in 11 minutes. What it doesn’t have yet are banks. Not ...
Asian Stock Rally Sputters as Crude Retreats; China Shares Slump
April 20th, 2016
Aussie, Kiwi fall from the strongest levels since June Oil slips to about $40 as Kuwait strike ends; silver gains A rally in Asian stocks stumbled as oil fell back to around $40 a barrel and Chinese equities slumped ...
The ECB and shadow banking
April 19th, 2016
Markets have fully adjusted to a financial world which reflects the leadership and management of money by central banks, and are increasingly frightened of any prospect of their control failing. Every time the system stumbles, the response has been ...
