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SGX reports 3Q FY2017 net profit of $83 million

April 21st, 2017 (0)
3Q FY2017 Financial Summary – Revenue: $203 million, down 2% from a year earlier – Operating profit: $103 million, unchanged – Net profit: $83 million, down 7% – Earnings per share: 7.8 cents, down 7% – Interim dividend per ...

Trading firm Virtu Financial to buy KCG for about $1.4 billion

April 21st, 2017 (0)
Virtu Financial Inc (VIRT.O) said it would buy rival KCG Holdings Inc (KCG.N) in a $1.4 billion deal that brings together two major U.S. electronic trading and market-making firms. The deal comes at a difficult time for high-frequency trading ...

How governments tax matters for productivity

April 20th, 2017 (0)
Productivity drives our living standards. In our April 2017 Fiscal Monitor, we show that countries can raise productivity by improving the design of their tax system, which includes both policies and administration. This would allow business reasons, not tax ...

Real Estate Stocks Continue To Rebound

April 18th, 2017 (0)
Foreign and US real estate stocks extended March’s rally into the first week of April, generating the top performances among the major asset classes last week, based on a set representative exchange-traded products. Vanguard Global ex-US Real Estate (VNQI) ...

KPMG US removes head of audit for ‘improper’ warnings

April 12th, 2017 (0)
The firm said it learned in late February, from an internal source, that an individual who had joined KPMG from the PCAOB subsequently received confidential information from a then-employee of the PCAOB, and shared that information with other KPMG ...

The decline and fall of the EU

April 11th, 2017 (0)
This article identifies the headwinds faced by the EU in the wake of Brexit. Without the UK, not only does the EU lose much of its importance on the world stage, but the Commission’s budget is left with an ...

What UniCredit say for the Pound to Euro exchange rate

April 10th, 2017 (0)
The British Pound might have creeped higher against most major currencies in the March to April period, but it is far too soon to call this the start of a long-term recovery argue analysts at one of Europe’s largest ...

Accounting class action lawsuits rise to highest level since 2008

April 6th, 2017 (0)
Securities class action filings with accounting allegations rose to 93 in 2016, 33 percent above the previous year and the fourth consecutive annual increase, according to a new report from Cornerstone Research. As reported in Accounting Class Action Filings ...

Kim Dotcom’s new Bitcoin venture will pay content uploaders

April 6th, 2017 (0)
Internet entrepreneur Kim Dotcom is rolling out a Bitcoin payment system that will allow users to sell their content uploads or charge for live video streaming. The New Zealand-based mogul recently took to YouTube where he announced a new ...

Cryptocurrency Market Cap Soars to All-Time High Near $28 Billion

April 4th, 2017 (0)
A bullish 2017 for bitcoin and other cryptocurrencies has helped spur the overall cryptocurrency market cap through a series of highs this year, to nearly scale $28 billion over the weekend. On Sunday, April 2, the collective market cap ...
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