Search Results for: EC
JPMorgan maps out currencies to buy If a recession is coming
July 9th, 2018
If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, according to analysts from JPMorgan Chase & Co. “Recessions are when ...
Asian stocks declined; Euro to Dollar was flat, Pound to Dollar little changed
July 5th, 2018
Asian stocks declined, with the region’s shares falling to the lowest in nine months, ahead of the planned implementation this week of trade restrictions between the U.S. and China. The yuan slipped despite the strongest fixing to its daily ...
Cyprus Regulator decided to withdraw the license of a Cyprus Investment Company
July 3rd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided to wholly withdraw the Cyprus Investment Firm authorisation with number CIF 216/13 of the company «B.O. Tradefinancials ...
Over 800 cryptocurrencies are now dead as bitcoin is 70 percent off its record high
July 3rd, 2018
Cryptocurrency projects have been popping up left, right and center in the past 18 months, but over 800 of those are now dead, adding to comparisons between the current digital coin market and the dotcom bubble in 2000. New ...
Forex broker Blackwell Global license withdrawn by CySEC
July 2nd, 2018
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that, on its meeting of 25th June 2018, has decided, pursuant to section 8(1)(a) of the Investment Services and Activities and Regulated Markets Law of 2017 (ΝI87(I)/2017), as ...
Former executive chairman of a diamond mining company acquitted on charges of misleading the market
June 27th, 2018
Mr Alexandre Alexander, the former executive chairman of Kimberley Diamonds Ltd (Kimberley Diamonds), was on 25 June 2018 found not guilty on two counts related to issuing false or misleading information to the market following a jury trial in ...
Deutsche Bank spends $17 billion in a decade on legal costs
June 25th, 2018
Despite spending $17 billion, the bank still has five of its biggest cases outstanding and has set aside $2.9 billion for litigation provision in the first quarter. German’s Deutsche Bank has spent more than $17 billion over the past ...
Toshiba says U.S. SEC completes accounting probe, no penalty
June 25th, 2018
Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company. “We understand that all SEC investigations regarding our accounting have been completed,” a ...
CySEC announced the authorization of two new Cyprus Investment Firms
June 20th, 2018
The Cyprus Securities and Exchange Commission (CySEC), the financial regulatory authority of Cyprus, has issued two announcements to inform that new companies have been approved by the Commission as Cyprus Investment Firms (CIFs). According the announcements, the firms Globesco ...
Bundesbank released German economy projections
June 19th, 2018
The June 2018 edition of the Bundesbank’s Monthly Report outlines the prospects for the German economy on the basis of macroeconomic projections for 2018 and 2019, with a look ahead at the year 2020. According to the forecast, which ...
