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Cryptocurrency market a ‘ticking time-bomb,’ says ethereum co-founder
July 20th, 2017
Initial coin offerings (ICOs), or a means of crowd funding for blockchain technology companies have caught too much attention, according to the co-founder of the ethereum network Charles Hoskinson who says it’s time for things to cool down in ...
Morgan Stanley reported second quarter earnings well above expectations
July 20th, 2017
Morgan Stanley shares jump after earnings, revenue easily beat the Street Morgan Stanley reported second quarter earnings Wednesday that soundly topped expectations, helped by an increase in stock trading revenues and profits from its wealth management business. Earnings per ...
PayPal Completes Acquisition of TIO Networks
July 19th, 2017
PayPal Holdings, Inc. (NASDAQ: PYPL) and TIO Networks Corp. (TSXV: TNC) announced that PayPal has completed its previously announced acquisition of TIO Networks. In accordance with the terms of the Arrangement announced on February 14, 2017, PayPal acquired all ...
Clearstream to apply for new license under CSD regulation
July 17th, 2017
CSDR to further harmonise European settlement sector and strengthen asset safety CSD applications due end September 2017 Asset safety a key concern for Clearstream Clearstream, the wholly owned subsidiary of Deutsche Börse, has issued today an announcement to inform ...
ASIC takes action to wind up land banking scheme and its operator
July 17th, 2017
ASIC has commenced proceedings in the Federal Court of Australia to wind up a land banking scheme known as the VKK Investments Unit Trust (VKK scheme), as well as the trustee and operator of the scheme, Gem Management Group ...
Global energy investment fell the second consecutive year
July 14th, 2017
Global energy investment fell for a second year in 2016 as oil and gas spending continues to drop Global energy investment fell by 12% in 2016, the second consecutive year of decline, as increased spending on energy efficiency and ...
EY promotes 669 new partners worldwide
July 12th, 2017
EY continues to advance women and partners from the emerging markets (comprising nearly 30% and 36% of all promotions respectively) Promotions demonstrate EY’s commitment to developing leaders EY announces that 669 people globally have been promoted to partner. For ...
Assurance Capital Management and its owners fined $2.4 Million
July 12th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) has issued a press release to inform that the Federal Court in Florida Orders Anthony J. Klatch II, Lindsey Heim, and their Company Assurance Capital Management, LLC to Pay More than $2.4 ...
Cosco Shipping to acquire Orient Overseas for $6.3bn
July 10th, 2017
Cosco Shipping Holdings Ltd agreed to buy Orient Overseas International Ltd for $6.3bn in cash, creating the world’s third-largest container-shipping company as the industry shrinks after years of losses and overcapacity. Cosco, China’s biggest container carrier, will pay shareholders ...
Ethereum Traders File Class Action Lawsuit Over Kraken Flash Crash
July 6th, 2017
A class-action lawsuit has been filed against cryptocurrency exchange startup Kraken over issues stemming from its management of a May flash crash. Less than two months later, five customers of the exchange are alleging negligence, breach of contract and ...
