Search Results for: ELA
Here’s what Venezuela’s deepening crisis means for oil prices
April 21st, 2017
Venezuela and its worsening economic and political crisis may be an underappreciated wild card when it comes to the outlook for oil prices. The nation, which has the world’s largest oil reserves, is suffering an economic collapse that has ...
UN forecasts ‘relative tranquility’ in grain markets in 2017-18
April 7th, 2017
The United Nations forecast “relative tranquillity” ahead for grain prices as – unlike some other commentators – it forecast a further rise in world wheat inventories next season, besides a record coarse grains harvest. The UN food agency, the ...
Venezuelan citizens are adopting alternatives like the bitcoin to survive
March 28th, 2017
With its economy in shambles and its national currency in steep decline, Venezuelan citizens are adopting alternatives to survive—chief among them the crypto-currency Bitcoin. But that’s not the only option that’s popping up. In the wake of the financial collapse, ...
Ireland considers to prohibit Financial Contracts for Difference (CFDs)
March 6th, 2017
The Central Bank of Ireland has issued today a press release to publish a Consultation on the protection of retail investors in relation to the distribution of CFDs. Contracts for Difference (CFDs) are complex, leveraged, derivative instruments which enable ...
Venezuela running out of cash
March 4th, 2017
The Central Bank of Venezuela says the country is down to just $10.5 billion in foreign reserves. At the same time, Caracas has to meet debt obligations of $7.2 billion this year. The country had nearly $30 billion in ...
FXCM to pay a new fine of $650,000 in relation to the Swiss Franc exchange rate
February 14th, 2017
FXCM Inc. (NASDAQ:FXCM) (“FXCM” or the “Company”), issued a statement on the settlement of the civil action filed by the Commodity Futures Trading Commission (“CFTC”) against its U.S. subsidiary, Forex Capital Markets LLC (“FXCM US”) in the Southern District ...
Venezuelan authorities arrest 4 bitcoin miners
January 27th, 2017
Venezuelan authorities have arrested four people allegedly involved with a cryptocurrency-mining operation based in a small city about an hour and a half’s drive from Caracas, according to local media reports. Three men and one woman with ages ranging ...
A controversial Russian Ponzi scheme is betting on Bitcoin to relaunch in Nigeria
January 12th, 2017
A month after it suspended operations in Nigeria, Mavrodi Mondial Moneybox (MMM), a Russian Ponzi scheme with over 2 million participants in Africa’s most populous country, is already plotting its comeback. MMM claimed it had to temporarily close operations ...
CySec issued a Circular in relation to Whistleblowers
January 3rd, 2017
The Cyprus Securities and Exchange Commission (CySec) has issued a Circular for persons wishing to report cases of actual or potential infringement of Regulation (EU) No 596/2014 on market abuse– Whistle-blowers. The Subject of the circular is “Procedures for ...
IOSCO stresses importance of implementation and disclosure related to new accounting standards
December 19th, 2016
The Board of the International Organization of Securities Commissions (IOSCO) published today a Statement on Implementation of New Accounting Standards related to revenue, financial instruments, and leases. The three new International Financial Reporting (IFRS) Standards, issued by the International ...
