Search Results for: One Financial Markets
Egypt faces taxing challenge amid its inaction on cutting fiscal deficit
August 13th, 2015
Egypt’s government in the coming months faces one of its biggest economic challenges since it came to power a year ago: the implementation of the long-planned value-added tax (VAT). The VAT promises to be hugely unpopular among businesses, which ...
SEC release no. 2015-163- Exante’s Official Response
August 13th, 2015
EXANTE would like to address the above press release by the US Securities and Exchange Commission (SEC) and the sensational and inaccurate headlines that followed in the local media. EXANTE holds a license with no. IS/52182 with the Malta ...
The Rules: Forcing companies to disclose tax strategy risks confidentiality issues
August 13th, 2015
A “legislative requirement” for large businesses to publish their tax strategy could create commercial confidentiality risks In an age where large corporates continue to engage in tax avoidance or aggressive tax planning, compelling businesses to disclose their tax strategies ...
Bitcoin’s Dark Side Could Get Darker
August 13th, 2015
Investors see riches in a cryptography-enabled technology called smart contracts–but it could also offer much to criminals. Some of the earliest adopters of the digital currency Bitcoin were criminals, who have found it invaluable in online marketplaces for contraband ...
The Aftermath of LIBOR and Penny-Shaving Attacks
August 12th, 2015
Anyone remember the LIBOR scandal from back in spring 2008? A trader for UBS Group and Citigroup named Tom Hayes was just sentenced by a British court to 14 years imprisonment for his role as a ringleader of the scandal. Darrell Duffie and Jeremy C. ...
The PBC Spokesman Answered More Press Questions on the RMB Exchange Rate
August 12th, 2015
1. Why does the central parity of RMB exchange rate against US dollar change nearly 1.6% on 12 August from that of 11 August? The central parity of RMB exchange rate against US dollar changed nearly 1.6% (in depreciation ...
PBOC sharply cuts yuan against US dollar after weak data
August 11th, 2015
The People’s Bank of China allowed the yuan to depreciate almost 2 percent against the U.S. dollar to levels last seen three years ago, sending a shock through currency markets. In a statement, the Chinese central bank said that ...
Markit launches centralised FX trade confirmation service
August 10th, 2015
Citi and J.P. Morgan first to confirm FX options trades Markit (Nasdaq: MRKT), a leading global provider of financial information services, today announced the launch of its FX trade confirmation service. The service matches FX option trade terms to ...
China About To Make History — Again
August 10th, 2015
Any discussion of China has to open with the now-widely-understood fact that the numbers it reports are not to be trusted. Knowing this makes it easy to dismiss claims of high and consistently-on-target GDP growth, for instance, as a ...
Algorithmic Trading: The Play-at-Home Version
August 10th, 2015
Building computer trading models has become the latest DIY craze After more than 100 hours of coding over three months, Mike Soule was finally ready to switch on his project. He didn’t know what to expect. If things went ...
