Search Results for: EC
Amazon hit with lawsuit over eclipse glasses
August 31st, 2017
Amazon.com (AMZN.O) has been hit with a proposed class action lawsuit by a couple who claims defective eclipse glasses purchased through the online retailer damaged their eyes. In the lawsuit, filed in federal court in South Carolina on Tuesday ...
Dollar gains, Euro was steady, Yen fell, Gold declined; Traders review
August 31st, 2017
Asia Stocks Mixed Ahead of U.S. Jobs; Dollar Gains Asian shares were mixed after data underscored the resilience of the American and Chinese economies, while the U.S. administration sent mixed signals on North Korea and its latest missile launch. ...
Russian govt wants to protect public from bitcoin trading as it resembles ‘financial pyramid’
August 30th, 2017
The Moscow Exchange is working on a mechanism to regulate trading in bitcoin and other digital currencies. At the same time, the Russian Finance Ministry says bitcoin resembles a pyramid scheme, and trading should be limited. “We are already ...
Next Stop, Recession: The Financial Meteor Storm Is Headed Our Way
August 29th, 2017
Many of those about to be vaporized did not grasp the fragility of the “prosperity” they assumed was both solid and permanent. Business-cycle recessions are not just inevitable, they are necessary to flush bad debt and marginal investments/projects ...
Australian law firm is initially deploying artificial intelligence technology
August 29th, 2017
Australian law firm Corrs Chambers Westgarth is initially deploying Luminance’s artificial intelligence technology to streamline due diligence processes for M&A transactions.The law firm adopted Luminance after completing a pilot of the technology within its M&A department. It plans to ...
World wheat stocks to hit record high at close of 2017-18, says IGC
August 29th, 2017
The International Grains Council lifted its forecast for world wheat stocks to a record high as it reversed a downgrade to its global grains harvest estimate, flagging an “increasingly favourable outlook” for Black Sea output. The intergovernmental group lifted ...
Value of all digital currencies hits record around $160 billion
August 29th, 2017
The total value of the digital-currency universe tracked by data research site Coinmarketcap.com, including those linked to the Bitcoin BTCUSD, +0.00% Ethereum and Ripple blockchain networks, reached around $160 billion on the session, surpassing a previous record at $156.4 ...
Hong Kong and Dubai financial regulators sign Fintech cooperation agreement
August 29th, 2017
The Securities and Futures Commission (SFC) entered into a cooperation agreement with the Dubai Financial Services Authority (DFSA) to establish a framework for mutual assistance to keep abreast of the development and application of financial technology (Fintech) (Note 1). ...
Deloitte records double-digit revenue growth
August 29th, 2017
Deloitte, the business advisory firm has issued today a press release to announce financial results for year ended 31 May 2017. According the press release announcement: Highlights Revenue up 11.2% to £3.4bn (2016: 13.6%)1 In the UK, double digit ...
ECB fined Irish bank for a total of €2.5m
August 29th, 2017
The ECB has fined Irish bank PTSB €2.5m for breaking liquidity rules, its first such penalty The European Central Bank (ECB) has issued its first penalty against a bank since tough new rules were introduced in the wake of ...
