Search Results for: PRA
China makes FX rules ready for foreigners to trade its commodity futures
August 3rd, 2015
Foreign investors will be allowed to transfer either foreign currency or yuan funds into China to trade in the country’s commodity futures markets, the foreign exchange regulator said on Friday. The imminent opening of its booming commodity futures market ...
BATS Files Client Suspension Rule with SEC
July 31st, 2015
BATS Global Markets (BATS) filed with the Securities and Exchange Commission the BATS Client Suspension Rule, which would enable the company to take swifter action to prohibit manipulative behavior, such as spoofing and layering, on the BATS Exchanges. Manipulative ...
The UAE: On the road to economic development
July 30th, 2015
In the past two years, the UAE has achieved three major milestones on the journey towards a sustainable and diverse economy. In 2014, the UAE’s stock exchanges were upgraded from ‘Frontier’ to ‘Emerging’ market status by the global markets ...
Drachma revolt adds unease to Greece’s awkward alliance
July 30th, 2015
Prime Minister Alexis Tsipras’ power-sharing acrobatics look harder to perform by the day. Opposition parties are propping up his left-wing government long enough to negotiate a new bailout and keep the country in the eurozone, while senior members of ...
The IMF: A cure or disease?
July 30th, 2015
The economy plays a vital role in determining the welfare of people’s lives. The word “economy” may sound simple but its effect on people in terms of social, political, judicial and psychological aspects are tremendous. The family, the basic ...
LPL Financial: Another broker is looking to launch financial robo adviser
July 30th, 2015
LPL Financial plans to launch robo-adviser in next two months Firm chief Arnold says robo won’t replace financial advisers but will have a place in the market LPL Financial is wading gingerly into the burgeoning automated investment management business, ...
Accountants will soon be competing directly with solicitor firms
July 30th, 2015
Acountants will soon be competing directly with solicitor firms ‘on every high street in the country’, according to a leading financial adviser to the legal sector. Ian Muirhead, chairman of Solicitors Independent Financial Advice, said he expects 750 accountancy ...
Foreign lawyers working in China could be at risk of arrest
July 29th, 2015
Australian commercial law firms operating in China should be seriously concerned about the recent crackdown on human rights lawyers, a professor of Chinese law says. Professor Bing Ling from the University of Sydney told Lawyers Weekly that all lawyers working in China ...
Greek Stock Market on Course to Reopen as ECB Gives Assent
July 29th, 2015
The reopening of the Athens stock market is one step closer. The European Central Bank on Tuesday approved proposals for trading rules to end the four-week closure, according to a spokeswoman for the Athens Stock Exchange. The timing of ...
When Authorities “Own” the Market, The System Breaks Down: Here’s Why
July 28th, 2015
Central planning asset purchases aimed at propping up prices destroy the essential price discovery needed by private investors. Panicked by the possibility of declines that undermine the official narrative that all is well, authorities the world over are purchasing ...
