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Italy’s Renzi vows to resign after crushing referendum defeat

December 5th, 2016 (0)
Italian Prime Minister Matteo Renzi vowed to resign after suffering a crushing defeat on Sunday in a referendum on constitutional reform, tipping the euro zone’s third-largest economy into political turmoil. His decision to quit after just two and a ...

Euro Slips With Asian Stocks While Bonds Rise as Italy Votes No

December 5th, 2016 (0)
Renzi to resign as referendum defeated; Kiwi down as Key quits Yuan falls offshore on Trump tweets; oil drops on U.S. output The euro retreated with stocks, while bonds rose, amid concern the failure of Italy’s referendum on constitutional ...

The first global exchange for virtual gaming products

December 2nd, 2016 (0)
Switex to create the first standardized and independent market for trading virtual game items Naga to manage Switex based on its technological leadership while Deutsche Börse Group to supply market expertise Hamburg-based FinTech firm Naga Group AG and Deutsche ...

The Central Bank of Finland explores possibilities of blockchain

December 2nd, 2016 (0)
The Bank of Finland organised today, in cooperation with the Ministry of Finance, a seminar on the possibilities offered by blockchain and distributed ledger technologies in various sectors of society. Seminar participants included leading researchers in the field and ...

Oil price rally likely short-lived as OPEC deal not enough to reduce glut

December 2nd, 2016 (0)
The oil price rally sparked by an OPEC-Russia deal to cut output is likely to be short-lived, say traders in Asia, because the agreement may only draw more supplies from storage tanks and more crude shipments from the United ...

The Pound to Euro Exchange Rate in Sudden Reversal as US Dollar Slides

December 2nd, 2016 (0)
GBP/EUR has given back all the gains it made on a day which saw it surge by 1% against the Dollar and Euro at one stage. Indeed, a strong start to the new month saw GBP/EUR breach the 1.18 ...

FCA bans and fines individual for £233,600

December 1st, 2016 (0)
FCA publishes decision notice against Alistair Burns deciding to ban him and fine him £233,600 The Financial Conduct Authority has today published a Decision Notice in respect of Alistair Burns, Chief Executive at TailorMade Independent Limited (TMI). Mr Burns ...

AFM fines financial consultancy firm for €2,000 per business day

December 1st, 2016 (0)
On 9 November 2016, the Netherlands Authority for the Financial Markets (AFM) imposed an order for incremental penalty payments of €2,000 per business day on Alfred Sturz, trading under the name of Sturz Financieel Advies in Zoetermeer. Sturz operates ...

Tesla Motors under fire for using prohibited accounting metrics

December 1st, 2016 (0)
Tesla Motors Inc. has come under fire from the Securities and Exchange Commission for using prohibited accounting metrics and sharing that information with investors, according to regulatory correspondence. The SEC said Tesla in its August earnings release used “individually ...

The Plague of Long-Term Unemployment in Europe

December 1st, 2016 (0)
The Plague of Long-Term Unemployment in Europe There’s plenty of legitimate reason for concern about the extent to which the US labor market is producing high quality jobs. But every now and again, Americans might want to glance to ...
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