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IMF Note on Global Prospects and Policy Challenges

September 3rd, 2015 (0)
The Following executive summary is from a note by the Staff of the IMF prepared for the September 4-5, 2015 G-20 Finance Ministers and Central Bank Governors Meeting in Ankara, Turkey. Global growth remains moderate, reflecting a further slowdown ...

China tightens trading rules on forex, stock markets

September 3rd, 2015 (0)
China has announced tougher rules on trading stock index futures and foreign exchange derivatives as it seeks to steady jittery markets whose weakness has raised concern over the health of the world’s second-largest economy. Facing slowing economic growth and ...

Asian Shares Rise, China Markets Closed for Holiday

September 3rd, 2015 (0)
U.S. markets regained some footing overnight Asian markets were mostly higher on Thursday, led by a strong performance in Japanese stocks after U.S. markets restored some stability to a region rocked by volatility. Japan’s Nikkei was 1.5% higher at around midday, ...

Global Value Chains and Rethinking Production and Trade

September 2nd, 2015 (0)
Back in the 1920s and 1930s, manufacturing often meant enormous factories that tried to bring as many activities as possible under one roof–what economists call “vertical integration.” However, the trend in recent decades has been toward “global value chains,” ...

China central bank sets reserve requirements for all FX derivatives

September 2nd, 2015 (0)
China’s central bank will require reserves to be set aside for purchases of all currency derivatives from October, according to a document seen by Reuters, as Beijing moves to make it more expensive to bet on further depreciation of ...

CySec informs CIF’s and set deadline to comply regarding their web address and Domain name

September 2nd, 2015 (0)
The Cyprus Securities and Exchange Commission (CySec) has issued a circular to inform CIF’s regarding the website address they use, their Domain name and possible redirection of their clients to a website of another person. Specific, CySec wishes to ...

BitPay calls on industry to form ‘Bitcoin Association’

September 2nd, 2015 (0)
BitPay, the leading processor of Bitcoin payments, said it’s about time the biggest companies in the space began working together, and even suggested the formation of a “Bitcoin Association” to help promote the currency. Sonny Singh, chief commercial officer ...

Russia’s Fist Just Clenched Around the Internet a Little Tighter

September 2nd, 2015 (0)
A new Russian law imposes restrictions on foreign Internet firms. It’s a feeling locals already know all too well. Global Internet firms operating in Russia wake up on Tuesday to a new era in Kremlin regulation. A law now ...

In The Month Of September 2015 We Officially Enter The Danger Zone

September 1st, 2015 (0)
Is September 2015 going to be one of the most important months in modern American history? When I issued my first ever “red alert” for the last six months of 2015 back in June, I was particularly concerned with ...

Update on the implementation of the EU Audit Directive and Regulation

September 1st, 2015 (0)
The Department of Business Innovation and Skills has published an update on the implementation of the EU Audit Directive and Regulation: “Following Baroness Neville-Rolfe’s Written Ministerial Statement of 20 July 2015, which named the Financial Reporting Council (FRC) as the ...
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