Search Results for: Commodities
Bitcoin Is Officially a Commodity, According to U.S. Regulator
September 18th, 2015
The Commodity Futures Trading Commission makes its mark. Virtual money is officially a commodity, just like crude oil or wheat. So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for ...
Gold logs largest 1-day price gain in nearly a month
September 17th, 2015
Fall in CPI may make Fed hesitate to raise interest rates Gold futures logged their largest single-session price gain in nearly a month on Wednesday, after a U.S. consumer-price report suggested that inflation might be short of the Federal ...
Moody’s: Plummeting oil prices will squeeze global oil and gas companies’ earnings, keeping outlook negative into 2016
September 17th, 2015
Plummeting oil prices will cause cash flow for the global integrated oil & gas industry to contract by 20% or more for 2015, with only a modest recovery expected in 2016, say Moody’s Investors Service. This reflects the rating ...
The Next Financial Crisis Won’t be Like the Last One
September 16th, 2015
It seems increasingly likely the next Global Financial Meltdown will arise in the FX/currency markets. Central banks are like generals: they tend to fight the last war. The Great Financial meltdown of 2008 was centered in too big to fail, too ...
SCA Forces Electronic Connection with CBUAE on Brokerage Companies
September 16th, 2015
The Securities and Commodities Authority (SCA) forced UAE-based securities and commodities brokerage companies to work on activating electronic connection with the Anti-Money Laundering and Suspicious Cases Unit of the Central Bank of the UAE (CBUAE). The purpose of this move ...
U.S. oil extends gains on stock-draw, Brent lags with Asian economies
September 16th, 2015
U.S. oil prices extended gains in Asia on Wednesday on an unexpected stockpile draw and higher gasoline prices, while international crude markets were weaker on the back of low Asian economic growth expectations. Front-month U.S. West Texas Intermediate (WTI) ...
CFTC Charges Hannes Tulving, Jr., through his company for a $17.8 Million Precious Metals Scheme
September 15th, 2015
At Least 381 Customers Nationwide Allegedly Defrauded in the Scheme The U.S. Commodity Futures Trading Commission (CFTC) today filed a civil Complaint against Defendants Hannes Tulving, Jr. of Newport Beach, California, and his company, The Tulving Company, Inc., charging them with ...
OPEC is winning the oil war
September 15th, 2015
Oil markets may not balance until late 2016, but supply is finally contracting in a big way. Early last week the EIA confirmed that U.S. oil production was down sharply since peaking in April at 9.6 million barrels per day (mb/d). ...
CFTC Grants Temporary Approval to Bitcoin Startup LedgerX
September 14th, 2015
LedgerX has received temporary approval from the US Commodities Futures Trading Commission to act as a swap execution facility. The bitcoin options startup applied for licensure last year and has received backing from Lightspeed Venture Partners and Google Ventures. ...
List of companies offering services, all operating unlawfully in Belgium
September 14th, 2015
The Financial Services and Markets Authority (FSMA) has, on several occasions, warned the public against the activities of various providers of/intermediaries in binary options and forex products, as well as against the activities of various so-called “boiler rooms”, all ...
