Search Results for: ELA
South Korea bans all new cryptocurrency sales
September 29th, 2017
South Korea’s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial ...
Big Four accountancy firms gain ground on law firms
September 28th, 2017
The accountancy firms are gaining ground on law firms and could reshape the marketplace, new research from American Lawyer reveals. With over two in three law firm leaders regarding the legal arms of the Big Four as a major ...
The world’s largest publicly traded property and casualty insurer announced losses for Hurricanes
September 28th, 2017
Chubb Limited (NYSE: CB) announced preliminary loss estimates in the third quarter of 2017 attributable to Hurricanes Harvey and Irma, which impacted Texas, Florida, other southeastern states and the Caribbean. Insured losses for Hurricane Harvey are currently estimated at ...
Bitcoin shows that can survive and thrive without China
September 28th, 2017
Bitcoin traders have got a couple of things right lately. The digital currency can survive and thrive without China. And government regulation is positive, not negative, for the future of Bitcoin and other major cryptocurrencies. It adds credibility to ...
The Reserve Bank of New Zealand released a statement on the Official Cash Rate
September 28th, 2017
The Reserve Bank of New Zealand has released today a statement by Reserve Bank Acting Governor Grant Spencer to inform that the Official Cash Rate (OCR) left unchanged at 1.75 percent. According the release, global economic growth has continued ...
Online stock broker to pay a penalty of $200,000
September 28th, 2017
The Australian Securities and Investments Commission has issued today an announcement to inform that an online stockbroker that provides execution-only brokerage services pays $200,000 infringement notice penalty. According the announcement, OpenMarkets Australia Limited (‘OpenMarkets’) has paid a penalty of $200,000 ...
Brent oil edges up, near 26-month high amid supply concerns
September 27th, 2017
Brent oil prices rose on Wednesday, hovering around a 26-month high hit in the previous session, after U.S. data showed an unexpected drop in crude stocks as refineries boosted output and amid threats from Turkey to cut crude exports ...
Euro falls to one-month low as political worries heighten
September 27th, 2017
The euro fell to its lowest level in a month on Tuesday as worry about political fallout in Germany and other euro zone countries grew. A speech by French President Emmanuel Macron, who has called for a fundamental overhaul ...
SEC Announces Enforcement Initiatives to Combat Cyber-Based Threats and Protect Retail Investors
September 26th, 2017
The Securities and Exchange Commission (SEC) announced two new initiatives that will build on its Enforcement Division’s ongoing efforts to address cyber-based threats and protect retail investors. The creation of a Cyber Unit that will focus on targeting cyber-related ...
Citibank and Citigroup Global Markets Limited to pay hundreds of thousands dollars penalty
September 26th, 2017
The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Citibank, N.A. (CBNA) and Citigroup Global Markets Limited (CGML) (collectively, Citi), for failing to report Legal Entity Identifier (LEI) information for swap transactions properly ...
