Search Results for: ELA
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Exxon sues U.S. over $2 million Russian sanctions fine
July 21st, 2017
The U.S. Treasury Department on Thursday imposed a $2 million fine on Exxon Mobil Corp. for what it called a “reckless disregard” of U.S. sanctions on Russia while Secretary of State Rex Tillerson was the oil giant’s chief executive, ...
Ukraine withdraws PwC bank audit licence over $5.5bn hole at PrivatBank
July 21st, 2017
Ukraine’s central bank said on July 20 that it had withdrawn the bank auditing rights of PwC after the international accounting firm failed to identify alleged improprieties that led to a $5.5bn capital shortfall at the country’s largest lender ...
CySec announced revocation of administrative sanctions
July 20th, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued today an announcement to inform that: Following a previous announcement dated 8 June 2017, the Board of the Commission would like to inform the public that, on its meeting dated ...
A Former Credit Suisse Banker Has Pleaded Guilty in an U.S. Offshore Tax Case
July 20th, 2017
A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager ...
Citi’s Flow Data Raises Concerns Over Euro and Pound’s Uptrend
July 20th, 2017
The world’s largest foreign exchange dealer, Citi, have dug into their data and found that the Euro’s strong run higher could be about to be tested. Flow analysis from the bank shows hedge funds are starting to take profit ...
Hackers hijacked cryptocurrency trading platform and stole $7 Million
July 19th, 2017
Hackers hijacked cryptocurrency trading platform CoinDash on Monday just as it was in the middle of its initial coin offering, or ICO. It’s the first known breach of an ICO, this season’s hottest fundraising method. CoinDash, an Israeli startup, planned ...
PayPal Completes Acquisition of TIO Networks
July 19th, 2017
PayPal Holdings, Inc. (NASDAQ: PYPL) and TIO Networks Corp. (TSXV: TNC) announced that PayPal has completed its previously announced acquisition of TIO Networks. In accordance with the terms of the Arrangement announced on February 14, 2017, PayPal acquired all ...
Reserve Bank of New Zealand says lower external debt is encouraging but some risks remain
July 18th, 2017
A large improvement in New Zealand’s net foreign liabilities as a share of GDP since 2009 makes the economy less vulnerable to shocks, Deputy Governor Geoff Bascand said in a speech today. “New Zealand’s net foreign liabilities – what ...
BNP Paribas fined millions for unsafe practices in the Forex markets
July 18th, 2017
Federal Reserve Board announces $246 million fine against BNP Paribas S.A. and certain of its U.S. subsidiaries for unsafe and unsound practices The Federal Reserve Board on Monday announced that it will fine BNP Paribas S.A. and certain of ...
