Search Results for: Ether
Company to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors
October 14th, 2016
The Securities and Exchange Commission announced that a New York-based company has agreed to pay a $50,000 penalty for illegally offering complex derivatives products to retail investors through mobile phone games that were described as “fantasy sports for stocks.” An ...
Portugal’s Antonio Guterres elected UN secretary-general
October 14th, 2016
Former Portuguese Prime Minister Antonio Guterres has been officially appointed as the next UN secretary-general. He will become the world’s top diplomat on 1 January when Ban Ki-moon’s second five-year term ends. Mr Guterres, 67, who led the UN ...
Four trading venues establish Electronic Debt Markets Association
October 13th, 2016
EDMA Europe was created to represent the interests of companies whose primary business is the operation of regulated electronic fixed income trading venues in Europe. EDMA Europe will act as a source of consultation between its members in order ...
FCA cancels payday lender’s interim permission, bans director and refuses application to conduct regulated business
October 13th, 2016
The Financial Conduct Authority (FCA) has banned Andrew Barry Hart, the sole director, controller and ultimate owner of Wage Payment and Payday Loans Limited (WPPL), from performing any role in regulated financial services. The FCA has also cancelled WPPL’s ...
LSE listed company is seeking to acquire companies within the Forex sector
October 13th, 2016
Boston International Holdings plc, a special purpose acquisition company (SPAC) formed to undertake one or more acquisitions of target companies or businesses in the FX sector, has issued an announcement to inform that its entire issued ordinary share capital ...
Companies from UK, Cyprus, Germany, Italy and 12 other countries involved in a gigantic millions euro tax scam
October 13th, 2016
Four Maltese companies have been implicated in what the Italian authorities are describing as a ‘gigantic carousel fraud’, the Vicenza Guardia di Finanza reported yesterday. The scam, which was perpetrated through 145 Italian companies and 35 companies outside of ...
Kuwait raises minimum wage for family visa to cut the number of foreign families in the country
October 13th, 2016
The interior ministry yesterday raised the minimum salary required for expatriates to be able to sponsor their wives and children from KD 250 to KD 450 in a move expected to cut the number of foreign families in the ...
Wells Fargo Chairman and CEO is stepping down following fake accounts scandal
October 13th, 2016
Embattled Wells Fargo Chairman and CEO John Stumpf is stepping down from the bank he has led for nearly a decade, following intense scrutiny over a fake accounts scandal that erupted last month. San Francisco-based Wells said Wednesday that ...
Dollar falls from 2-1/2 month high vs yen after weak China trade data
October 13th, 2016
The dollar pulled back from a 2-1/2 month high against the yen on Thursday after surprisingly weak Chinese trade data stirred fresh concern about the world’s second-largest economy. The dollar dropped to as low as 103.555 yen JPY= at one point, ...
Mobile Payments soar as Europe embraces new ways to pay
October 12th, 2016
The number of Europeans regularly using a mobile device for payments has tripled since 2015 (54% vs 18%) 74% of British consumers are ‘Mobile Payments users’ – people who manage their money or make payments using a mobile device ...
