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Top news of the day

May 12th, 2015 (0)
1. Greece made a repayment of 750 million euro to IMF. Progress is made but work needs to be done. The move came after a what seemed a rare good news day in terms of talks between Greece and its lenders ...

Greece clears IMF hurdle but don’t relax just yet

May 12th, 2015 (0)
With news that talks between Greece and its lenders are making slow but sure progress and Greece made a multi-million euro loan repayment to one of its lenders a day early, goodwill towards the country is hitting highs not ...

Financial transaction tax unlikely before 2017-Austria finmin

May 12th, 2015 (0)
Europe is unlikely to impose a financial transaction tax before 2017, not in 2016 as earlier planned, Austrian Finance Minister Hans Joerg Schelling told Reuters. The tax, first proposed in the 1970s to penalise currency speculators, was seized on ...

Gateley: Announcement of Intention to Float on AIM

May 12th, 2015 (0)
Gateley (Holdings) plc, a leading UK commercial law firm, today announces its intention to launch an initial public offering (“IPO”) and application for admission of its ordinary shares to trading on AIM (“Admission”). Cantor Fitzgerald Europe is acting as ...

Putin’s Next Takeover Target Is Oil Giant’s $34 Billion Cash Pile

May 12th, 2015 (0)
In Russia, even private companies serve at the pleasure of the president, particularly if they pump oil. A decade ago, Vladimir Putin’s allies had Mikhail Khodorkovsky jailed and seized his Yukos Oil Co. Last year, they forced billionaire Vladimir ...

ASIC cancels FX company’s licence

May 12th, 2015 (0)
Following an investigation, ASIC has cancelled the Australian financial services (AFS) licence of FX provider Rainbow Legend Group Pty Ltd (Rainbow Legend) for failing to comply with its obligations, including making false and misleading statements. The move is part ...

Bank parents or main units seen pleading guilty over FX: sources

May 12th, 2015 (0)
The parent companies or main banking units of as many as five major banks, rather than their smaller subsidiaries, are expected to plead guilty to U.S. criminal charges over manipulation of foreign exchange rates, people familiar with the matter ...

Visa Said in Talks to Buy Visa Europe for Up to $20 Billion

May 11th, 2015 (0)
Visa Inc., the world’s largest payments network, is in preliminary talks to buy former subsidiary Visa Europe Ltd. in a deal that may be valued at as much as $20 billion, people with knowledge of the matter said. The ...

FSC: Suspension of the Investment Dealer (Full Service Dealer Excluding Underwriting) Licence of BRAMER CAPITAL BROKERS LTD & Order to Cease Trading in Securities

May 11th, 2015 (0)
Notice is hereby given in accordance with Section 27 of the Financial Services Act 2007 (the ‘FSA’) that the Investment Dealer (Full Service Dealer Excluding Underwriting) Licence of BRAMER CAPITAL BROKERS LTD (‘BCBL’), having its registered address at 11th ...

Playtech Plc: Completion of the acquisition of TradeFX Limited (“TradeFX”)

May 11th, 2015 (0)
Playtech (LSE: PTEC)  announced that all outstanding conditions relating to the acquisition of TradeFX have now been satisfied, including the approval of the Cyprus Securities and Exchange Commission, and the transaction has completed. The financial statements of TradeFX will ...
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