Search Results for: ELA
European Central Bank enhances reporting on FX interventions
October 4th, 2019
The exchange rate is not a policy target for the ECB ECB so far intervened in the foreign exchange market in 2000 and 2011 ECB to start publishing FX intervention data on quarterly basis as of April 2020 New ...
US set to impose tariffs on $7.5bn of EU exports; Is there an economic impact?
October 4th, 2019
The US has been given the go-ahead to impose tariffs on $7.5bn (£6.1bn) of goods it imports from the EU. It is the latest chapter in a 15-year battle between the US and the EU over illegal subsidies for ...
An Inflationary Depression
October 4th, 2019
Financial markets are ignoring bearish developments in international trade, which coincide with the end of a long expansionary phase for credit. Both empirical evidence from the one occasion these conditions existed in the past and reasoned theory suggest ...
Interdealer Brokers ordered to Pay $25 million for fraud in FX options markets
October 3rd, 2019
The U.S. Commodity Futures Trading Commission announced that it issued orders filing and settling charges against two interdealer brokers: BGC Financial, LP and GFI Securities, LLC. The orders find that brokers employed by BGC and GFI on their respective ...
iSignthis announced annualised Paydentity GPTV exceeds A$1.9bn in Sept 2019
October 3rd, 2019
iSignthis has issued an announcement to present further operational update as at 30th September 2019. In accordance the announcement: The Paydentity™ Ecosystem is progressively providing more features and capabilities to our EU based business customers. It gives me great ...
U.S Dollar steadied or fell against most major currencies
October 2nd, 2019
Worries about a slowing U.S. economy and the possibility of further interest rate cuts in the wake of weak U.S. manufacturing data kept the dollar pinned down on Wednesday, as investors sought shelter elsewhere. The greenback steadied or fell ...
CySEC announced the suspension of the license of a Cyprus Investment Firm
September 26th, 2019
The Cyprus Securities and Exchange Commission (CySEC) has issued an announcement to inform that on the 24th of September 2019, has decided to suspend the license of a Cyprus Investment Firm. In accordance with the CySEC’s announcement: The authorisation of ...
Pound Sterling plunges on Brexit uncertainty
September 26th, 2019
“The pound has fallen below $1.24 on Brexit uncertainties, more than offsetting initial gains following the Supreme Court ruling.” Lloyds The Pound to Euro exchange rate is +0.04% higher @ €1.12899 on 26.09.2019 The Pound to US Dollar exchange ...
Google fined nearly €1 billion in ‘historic’ tax fraud ruling
September 23rd, 2019
Google has been ordered to pay nearly €1 billion to the French government over allegations of tax fraud. The ruling comes as European authorities are exploring new ways to clamp down on digital tax evasion. The French government and ...
Oil markets are one outage away from crisis
September 23rd, 2019
The supply disruptions in the oil market may not be over, despite volatility and prices easing in the days after the Abqaiq attack. The repairs at the Abqaiq processing facility are on an extremely tight timetable. According to Bloomberg, ...
