Search Results for: foreign exchange
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
IFSC confirms that Forex firm Maxim Capital Limited is not licensed by the Commission as it claims
October 26th, 2015
The International Financial Services Commission of Belize (IFSC) has issued a press release to warn investors and public that it has come to the notice of the Commission that an entity calling itself “Maxim Capital Limited” claims to be ...
Europe Admits QE Has Failed, Promises More Of It
October 23rd, 2015
New Age monetary policy has begun to resemble the form of insanity in which a patient repeats the same behavior while expecting a different outcome. Throughout the developed world, interest rates are at record lows and central banks continue ...
Broadridge hired three senior executives to its London office
October 22nd, 2015
Kimberly Jewell, Mike Thrower and Peter Morris join Broadridge’s London office Broadridge Financial Solutions, Inc. (NYSE: BR) has hired three senior executives to its London office to expand the firm’s support for global financial institutions in key market-centers internationally. The ...
The 10 Richest Investors in the World
October 19th, 2015
We all know the world of financial investing can be extremely lucrative. Forbes’ 2015 annual World Billionaires List sheds light on some of the richest billionaire investors and how they amassed their enormous wealth. Below is a rundown of ...
Is China Turning To Bitcoin As Yuan Devalues?
October 19th, 2015
China is seemingly buying up a lot of Bitcoin and alternative currencies like gold right now. The devaluation of their currency has been slashed over the course of the past month. The country’s Foreign Exchange Commission has ordered financial institutions to increase its checks ...
Egypt central bank devalues pound again to 7.93 per dollar
October 19th, 2015
Egypt’s central bank weakened the value of the Egyptian pound against the dollar Sunday for the second time in a week. The bank said in a statement that it weakened the pound at an auction, dropping the value from ...
Spotex Deploys Azul Zing for Consistent Low Latency Trading
October 19th, 2015
ECN Running on Zing Delivers Competitive Advantage to Buy and Sell-Side Participants News Highlights: • The deployment of Zing has increased performance on the Spotex ECN by 28% • Zing has eliminated latency outliers which previously exceeded 50 milliseconds ...
BofA Profit Rebounds to $4.51 Billion as Revenue Beats Estimates
October 14th, 2015
Revenue declines 2.4 percent while expenses fall 31 percent Bond-trading revenue slides 11 percent, equities up 12 percent Bank of America Corp., the second-biggest U.S. lender, posted third-quarter profit of $4.51 billion as litigation expenses tumbled and loan growth ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
