Search Results for: EU Commission
Bank of Tokyo-Mitsubishi will develop its own digital currency
June 16th, 2016
Bank of Tokyo-Mitsubishi UFJ confirmed on Tuesday it is conducting experiments on a digital currency utilizing the technology behind the virtual currency bitcoin. The statement came following a report from the Asahi Shimbun newspaper last week that the bank ...
Hedge Fund Managers and Former Government Official Charged in $32 Million Insider Trading Scheme
June 16th, 2016
The Securities and Exchange Commission today announced insider trading charges against two hedge fund managers and their source, a former government official accused of deceptively obtaining confidential information from the U.S. Food and Drug Administration (FDA). A third hedge ...
Oracle whistleblower suit raises questions over cloud accounting
June 10th, 2016
The Oracle logo is seen on its campus in Redwood City, California June 15, 2015.REUTERS/ROBERT GALBRAITH A whistleblower lawsuit filed against Oracle Corp (ORCL.N) over its accounting practices underscores the pressures established computer companies face to show that they ...
China opens its huge 8.4 trillion payment cards market to foreign firms
June 10th, 2016
China will allow foreign payment card companies to operate in the country under rules issued on Tuesday, potentially giving groups like Visa Inc (V.N) and MasterCard (MA.N) access to its 55-trillion-yuan ($8.4 trillion) card payment market. Visa and MasterCard, ...
Five fintech start-ups aiming to replace traditional banking
June 9th, 2016
According to recent data from Accenture, funding for fintech companies reached a staggering £3.7bn in the first quarter of 2016 alone. With global investment growing at such a rapid rate, traditional banking services are finally beginning to realise the ...
ESMA and CFTC to cooperate to recognised Central Counterparties
June 7th, 2016
The European Securities and Markets Authority (ESMA) and the US Commodity Futures Trading Commission (CFTC) have established a memorandum of understanding (MoU) under the European Market Infrastructure Regulation (EMIR). The MoU establishes cooperation arrangements, including the exchange of information, regarding CCPs ...
Greece-Bulgaria gas pipeline is expected to start in October
June 6th, 2016
A natural gas pipeline between Bulgaria and Greece will be eligible for financing under an EU investment scheme once it completes a market test of demand in September, Energy Minister Temenuzhka Petkova said on Friday. Bulgaria and Greece signed ...
Is your company in legal trouble? There’s an app for that
June 3rd, 2016
Australian law firms are servicing their clients on smartphones and with hackathons There have long been dedicated smartphone apps to order pizza, book flights and identify songs. But managing corporate strategy in a crisis is an entirely new function. ...
Three key measures to fight tax evasion by multinationals
May 30th, 2016
One trillion euro is taken from the hands of citizens each year as a result of tax avoidance. That’s Euro 2000 per citizen. A large sum of money that won’t be invested in social security, education, job development or ...
Gold Sinks as Dollar Gets Boost From Yellen; Japan’s Stocks Rise
May 30th, 2016
Yen drops to one-month low as Abe aide signals tax-hike delay Yuan retreats as PBOC sets weakest fixing in five years Gold fell for the ninth day in a row, its longest losing streak in a year, and the ...
