Proposed Acquisition of Ava Trade Ltd. and new Revolving Credit Facility
July 1st, 2015
Playtech is pleased to announce that its subsidiary, TradeFX Limited (“TradeFX”), has entered into a share acquisition agreement under the terms of which it will acquire the entire issued share capital of Ava Trade, an online B2C CFD broker ...
Regulatory Fine
June 26th, 2015
Global Regulators Cyprus Securities and Exchange Commission (CySec) Fines Imposed for Year 2015 and 2016
Clifford Chance advises Deutsche Bank, J.P. Morgan and Standard Chartered Bank on a $500 Million Offering
June 23rd, 2015
Clifford Chance has issued a press release to inform that: The firm has advised Deutsche Bank, J.P. Morgan and Standard Chartered Bank in connection with the $500 million offering of 6.950% notes due 2025 by the Gabonese Republic. It ...
Colt rejects Fidelity cash offer, Fidelity confirms offer price is final
June 23rd, 2015
The independent directors of Colt Group have rejected a cash offer for the ordinary shares in Colt not already owned by Fidelity at a price of 190 pence per share. Fidelity said the Offer price will not be increased ...
Asian shares bolstered by hopes for Greek deal
June 23rd, 2015
Asian shares rose on Tuesday after Greece‘s latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up ...
Gold under pressure, market awaits outcome of Greek talks
June 22nd, 2015
The gold price dropped back below $1,200 on Monday morning while crunch talks between Greece and European creditors take place. Spot gold was last at $1,197.20/1,198.00 per ounce, down $2.40 on Friday’s close. Silver was up five cents at ...
Asia cheers Greece’s 11th-hour proposals to avert default
June 22nd, 2015
Asian shares got the week off to a strong start and U.S. stock futures and the euro firmed on Monday, after Greece scrambled to avert defaulting on its debt with last-minute proposals aimed at appeasing its creditors. Financial spreadbetters ...
The Next Great European Financial Crisis Has Begun
June 18th, 2015
The Greek financial system is in the process of totally imploding, and the rest of Europe will soon follow. Neither the Greeks nor the Germans are willing to give in, and that means that there is very little chance ...
Banks’ Civil Forex Settlements Near $2 Billion
June 18th, 2015
Barclays, BNP Paribas, Goldman Sachs and HSBC recently signed agreements to settle case The total amount paid by banks to settle a civil lawsuit tied to allegations traders manipulated the currency market has now reached almost $2 billion following ...
FCA imposed £1.47bn in fines in 2014 with UBS and Citibank among worst offenders
June 17th, 2015
The Financial Conduct Authority (FCA) imposed £1.47bn (€2.04bn, $2.3bn) in fines on companies in 2014, a rise of 68% from the year before, according to a study by Kinetic Partners. The study showed the average fine imposed on businesses ...
