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CFTC Divisions Extend Time-Limited No-Action Relief from the Clearing and Trade Execution Requirements for Certain Affiliated Counterparties

November 29th, 2016 (0)
The U.S. Commodity Futures Trading Commission’s (CFTC) Divisions of Clearing and Risk (DCR) and Market Oversight (DMO) today each extended previously-issued no-action relief from the clearing and trade execution requirements for certain inter-affiliate transactions. As described further below, DCR ...

Australian Financial Services licence suspended for failing to lodge financial statements

November 29th, 2016 (0)
ASIC has suspended the Australian Financial Services (AFS) licence of Sydney-based Group Underwriters & Managers Pty Ltd (GUM) for three months for failing to lodge financial statements, auditor reports and auditor opinions for a period of three years. This ...

Bitcoin Guru Anthony Di Iorio departs Canada’s TSX to focus on Jaxx wallet

November 29th, 2016 (0)
Bitcoin Guru Anthony Di Iorio, founder of the Bitcoin Alliance of Canada and a co-founder of Ethereum and the first chief digital officer of TMX Group Ltd’s Toronto Stock Exchange (TSX), has left the exchange. The reason behind his ...

Dollar claws back some losses as investors look to U.S. data, OPEC

November 29th, 2016 (0)
The dollar clawed back some losses on Tuesday as Italian political woes weighed on the euro, though the greenback remained shy of recent highs after U.S. Treasury yields stepped back from multi-month highs. Volatile crude oil prices ahead of ...

US dollar rise may end soon, says top banker

November 28th, 2016 (0)
The dollar’s awe-inspiring ascent since Donald Trump’s surprise win in the US elections may soon come to an end because the greenback is starting to look overvalued compared to its battered peers, forecasts Mario Camara, the head of the ...

Trump’s election victory may boost Greek economy: Top Banker

November 28th, 2016 (0)
Trump’s election victory may boost Greek economy: Top Banker > Piraeus Bank chair George Handjinicolaou speaks in interview > Chairman declines to give timeframe for pending CEO pick Donald Trump’s election victory could spark spreading economic growth that lifts ...

Samsung Electronics to consider split

November 28th, 2016 (0)
South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund Elliott Management, Seoul Economic Daily reported on Monday citing an unnamed source. A split would allow the heirs of ...

Countries adopt multilateral convention to close tax treaty loopholes

November 28th, 2016 (0)
More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly implement a series of  tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises. The new instrument ...

ASIC launches new digital toolkit to help Australians navigate financial advice

November 28th, 2016 (0)
A new online toolkit developed by ASIC’s MoneySmart will enable Australians to better understand and navigate the financial advice process. ASIC’s MoneySmart Financial Advice Toolkit is a free educational tool that breaks down the complexity around the financial advice ...

Oil prices fall over doubts of planned crude output cut

November 28th, 2016 (0)
Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 ...
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