Search Results for: EC
China’s insurer to launch $1 billion fintech and health care fund
May 8th, 2017
Ping An Insurance Group, China’s largest insurer by market value, is launching its first overseas fund to invest in financial technology (fintech) and health care tech worldwide. Headed by Jonathan Larsen, an 18-year veteran of Citigroup, who joins as ...
The European Banking Authority published Technical Standards for services linked to a payment account
May 8th, 2017
EBA publishes final draft Technical Standards under the Payment Accounts Directive to enhance transparency and comparison of payment account fees The European Banking Authority (EBA) published today its final draft Technical Standards setting out the standardised terminology for services ...
Oil prices rise on expectation of output cut extension
May 8th, 2017
Oil prices rose on Monday as Saudi Arabia’s energy minister said an OPEC-led production cut scheduled to end in June would likely be extended to cover all of 2017, although a relentless increase in U.S. drilling capped gains. Brent ...
The Isle of Man proposes changes on Collective Investment Schemes
May 5th, 2017
The Isle of Man Financial Services Authority has today issued a Consultation Paper (CP17-04/T05) to obtain information, views and evidence in relation to — (1) the widening of the definition of collective investment schemes to include a limited number ...
Jay Clayton Sworn in as Chairman of SEC
May 5th, 2017
Jay Clayton was sworn into office this afternoon by U.S. Supreme Court Justice Anthony M. Kennedy as the 32nd Chairman of the Securities and Exchange Commission. “It is a tremendous honor to lead the SEC and to be sworn in ...
CySec announced initiation of the compensation payment process by the I.C.F in CommexFX case
May 4th, 2017
The Cyprus Securities Exchange Commission (CySec) has issued an announcement to inform regarding the Initiation of the compensation payment process by the Investor Compensation Fund for Clients of IFs (I.C.F) in relation to the CommexFX Ltd. According the announcement, ...
Greece is fighting for debt relief
May 4th, 2017
Relief map for Greek debt? Not without a fight or two Easing Greece’s fiscal path forward is likely to be the next great struggle in the country’s agonizing, seven-year, three-package bankruptcy saga now that a bailout pact has opened ...
How the unemployment rate adjusted in Germany, Cyprus, Greece, Bulgaria, Romania and other member states
May 4th, 2017
Euro area unemployment at 9.5% EU28 at 8.0% The euro area (EA19) seasonally-adjusted unemployment rate was 9.5% in March 2017, stable compared to February 2017 and down from 10.2% in March 2016. This is the lowest rate recorded in ...
Asian Stocks Decline as Iron Ore Futures Tumble: Markets Wrap
May 4th, 2017
FOMC leaves rates unchanged, sees inflation near target Aussie dollar erases loss as Lowe speaks in Brisbane Australian and Chinese stocks fell further on Thursday after metals prices declined, while South Korean shares rallied and the dollar held gains ...
Oil eases, near weakest since late March on small U.S. stocks decline
May 4th, 2017
Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less than ...
