Search Results for: foreign exchange
HKMA embraces FinTech as it burnishes Hong Kong’s brand to compete as Asia’s financial hub
September 6th, 2016
The Hong Kong Monetary Authority has unveiled a series of policy initiatives for banks to embrace technology, and changed the city’s tax regime to attract corporate treasury departments, as it sharpens its edge to compete with Singapore and Tokyo ...
Europe’s Tourism Tumbles Amid Terror Attacks, Refugee Crisis
September 5th, 2016
Terror attacks, refugee resettlement and international instability have shaken up Europe’s tourism market in recent months, as American travelers benefiting from a strong dollar are picking and choosing where to vacation. Off-the-beaten-path destinations like Bulgaria and Croatia are raking ...
Watch out for the Facebook Forex scam
September 1st, 2016
Facebook users have been warned to look out for scammers posing as foreign exchange traders promising lucrative returns. These ‘brokers’ are taking advantage of the rising popularity of currency exchange online trading schemes to lure victims in with fake success ...
ESMA Sees Risk Outlook Deteriorate For EU Securities Markets
August 31st, 2016
The European Securities and Markets Authority (ESMA) latest risk report has found that the overall assessment of risk levels in EU markets under its remit remains unchanged. Market and credit risks remain very high – the highest level – while liquidity ...
HSBC executive pleads not guilty to US charges in forex-related scheme
August 30th, 2016
A senior HSBC executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark ...
Multinational Law Firm predicts A$1 Billion Loss; largest financial loss ever recorded in legal sector
August 29th, 2016
Slater and Gordon Limited (“Slater and Gordon”) (ASX: SGH) today provides an update on key earnings and balance sheet expectations for the financial year ended 30 June 2016. Total Revenue (and other income) is expected to be $908.2m. H2 ...
Playtech announced total revenues of H1 2016 up 18%
August 26th, 2016
Playtech (LSE: PTEC) announces its results for the six months ended 30 June 2016, together with a trading update for the period to 24 August 2016. Financial summary H1 2016 H1 2015 Change(reported) Change (const.currency)3 Revenues €337.7m €286.0m +18% ...
Fintech CurrencyFair poaches ex-AO World chairman to supercharge growth
August 25th, 2016
Peer-to-peer online money exchange platform CurrencyFair has poached Richard Rose, the former chairman of AO World, to be its new chairman, hoping Rose can help CurrencyFair grow to a similar size as the listed white goods retailer. Veteran businessman ...
The small beautiful African country of Malawi said to legalise forex black market traders
August 25th, 2016
The Reserve Bank of Malawi (RBM) has said it will formalise traders selling foreign currency outside the official exchange rate, following pronouncements made by Financial Intelligence Unit (FIU) director Atuweni Juwayeyi Agbermodji that parallel foreign exchange traders need to ...
Bank of Japan released review on FX margin trading in Japan
August 22nd, 2016
The Bank of Japan has issued a Review to make publish recent trends in Foreign Exchange (FX) margin trading in Japan. Below is a summary of the Review: Foreign exchange (FX) margin trading in Japan has an enormous impact ...
