Search Results for: EC
Germany’s second-largest airline Air Berlin has filed for insolvency
August 16th, 2017
Germany’s second-largest airline Air Berlin has filed for insolvency after its key shareholder Etihad Airways said it would withdraw financial support for the carrier. Trading in Air Berlin shares was temporarily suspended until 12:05 GMT. Air Berlin and its ...
Uber investor sues Uber’s former chief executive for fraud
August 11th, 2017
Travis Kalanick, who built Uber into a transportation behemoth, was ousted as chief executive of the ride-hailing company in June by unhappy investors. Now, one of those investors has escalated the battle by suing Mr. Kalanick, claiming fraud and ...
CySec announced the renouncement of a Cyprus Investment Firm’s license
August 11th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform that, on 9 June 2017, the CIF Lionsman Capital Markets (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.lionsmancm.com, renounced its authorisation, pursuant ...
FXCM released financial information for second quarter 2017
August 10th, 2017
FXCM Group, LLC (“FXCM Group” or “FXCM”), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, has issued a press release to publish selected financial information regarding its second quarter 2017 results. ...
Upper Tribunal upholds the FCA’s decision to fine and ban former CEO of adviser network
August 10th, 2017
On 8 August 2017, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to ban Charles Palmer, former CEO of Financial Limited and Investments Limited (“the Firms”), from performing FCA significant influence functions. The Tribunal also upheld the ...
CySec: Cyprus Investment Firm renounced its authorisation
August 9th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that, on 1st August 2017, the CIF Reserve Invest (Cyprus) Ltd (‘the Company’), which provided investment services via the domain www.reserve-invest.com, renounced its authorisation, pursuant ...
Bitcoin sets fresh record above $3,500; ether trades higher
August 9th, 2017
Bitcoin traded higher on Tuesday, carving out a fresh record above $3,500 and reaching a market value approaching $60 billion at its best levels. A single bitcoin BTCUSD, -1.78% most recently was trading at $3,477.93, up 0.5%, touching an ...
ESMA updates on transaction reporting, order record keeping and clock synchronisation
August 9th, 2017
The European Securities and Markets Authority (ESMA) has issued an update of its Guidelines on transaction reporting, order record keeping and clock synchronisation under the Markets in Financial Instruments Directive (MiFID II). The updates corrects some unintended factual mistakes, ...
Global fintech investment rebounds in Q2 2017
August 7th, 2017
Total global fintech investment more than doubled quarter over quarter in Q2’17 to US $8.4 billion, up from US$3.6 billion in Q1’17, according to the KPMG Pulse of Fintech report. Global M&A investment helped drive the fintech market rebound, ...
UK Sees Corporate Tax Windfall After Brexit Decision
August 4th, 2017
The 15.5 percent year-on-year increase in UK corporate tax receipts, reported recently by HM Revenue and Customs (HMRC), demonstrates that company profits have not yet been dented by the UK’s decision to leave the European Union, says London tax ...
