Search Results for: Russian
BCS Financial Group expands in Europe with Eurex membership
June 8th, 2015
Exchange membership grants BCS clients access to Europe’s most traded contracts; builds on existing LSE derivatives membership. BCS Prime Brokerage, the international arm of Moscow exchange broker BCS Financial Group, has been granted membership on European derivatives exchange Eurex. ...
Deutsche Bank probes $6 billion suspected money laundering
June 8th, 2015
Deutsche Bank AG (DBKGn.DE) is looking into possible money laundering transactions by some of its clients in Russia which could exceed $6 billion, a source familiar with the matter told Reuters on Friday. Transactions conducted over a period of ...
OPEC 167th Meeting concludes
June 8th, 2015
The 167th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Friday, 5th June 2015 under the Chairmanship of its Alternate President, HE Dr. Mohammed Bin Saleh Al Sada, ...
Russia Central Bank Wants to Boost Gold, FX Reserves to $500B in Few Years
June 5th, 2015
The Bank of Russia plans to boost its depleted international reserves to $500 billion to hedge the crisis-struck economy against capital flight and new shocks, the central bank chairwoman said Thursday. Speaking at a banking conference, Elvira Nabiullina said ...
Fitch: Steep Emerging-Market FX Reserve Falls Likely to Continuee
June 3rd, 2015
Global EM FX reserves have fallen by USD524bn since June 2014, surpassing the drop in 2008-2009, and further declines are probable. Emerging-market (EM) official foreign exchange (FX) reserves have been falling steadily by an average of USD58bn a month ...
Moscow Exchange to reduce margin rates for the FX, Equity & Bond and Derivatives markets
June 2nd, 2015
Effective 8 June 2015 Moscow Exchange will decrease new minimum initial margin requirements on its FX, Equity & Bond and Derivatives markets. On the FX Market initial margin rates will be reduced from 11% to 9%; on the Equity & Bond ...
Bank of Russia: On cancelling licences of professional securities market participant
May 29th, 2015
The Bank of Russia took a decision to cancel the licences of a professional securities market participant to carry out broker, dealer activity, depository activity and securities management issued to SpektrFinance, closed joint-stock company. The depository licence is terminated from 29 June 2015. From 29 May 2015, SpektrFinance, closed joint-stock company, ...
Top 10 Countries in Which Bitcoin is Banned
May 27th, 2015
Countries around the world have a wide ranging view of the digital currency bitcoin or a “virtual currency.” Western superpowers like the United States and United Kingdom have shown a positive attitude towards the new technology. Some countries like Canada and Australia are ...
Russia Increasing Gold Reserves as a Hedge Against Political Uncertainty
May 27th, 2015
Russia is increasing its gold holdings because gold is a reserve asset that is free from legal and political risks, a senior central banker said on Tuesday. The comments by Dmitry Tulin, who manages monetary policy at the Central Bank, reflect Russian fears that the country’s overseas assets ...
Russia Lifts Bitcoin Ban
May 25th, 2015
Since the middle of the last year, the Russian government has been discussing the possible ban and criminalization of digital currency. Some Bitcoin related sites have even been blocked in a move that forced many of the Bitcoin Russian startups to ...
