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Suez Canal Upgrade May Not Ease Egypt’s Economic Journey

August 7th, 2015 (0)
“Egypt Rejoices,” the television networks and newspapers declared, announcing “Egypt’s gift to the world.” Businesses were closed, the streets of Cairo were empty, and the airwaves were full of patriotic songs and music videos — all featuring adoring images of ...

China stocks up, other Asian markets lower after US losses

August 7th, 2015 (0)
Chinese stocks rose Friday while other Asian markets followed Wall Street lower as investors looked ahead to U.S. jobs data and a meeting of Japan’s central bank. KEEPING SCORE: The Shanghai Composite Index rose 1.9 percent to 3,731.75 and ...

New York Federal Court Orders New York Financial Advisor Wayne P. Weddington III and His Companies to Pay More than $1 Million

August 6th, 2015 (0)
The U.S. Commodity Futures Trading Commission (CFTC) announced that Judge Colleen McMahon of the U.S. District Court for the Southern District of New York entered a Consent Order of permanent injunction against Defendants Wayne P. Weddington III of New York, New ...

No IMF decision on Greek bailout until autumn, Swedish representative tells paper

August 6th, 2015 (0)
There is strong support at the IMF for joining a new bailout package for Greece but the fund will not decide whether to participate until autumn, Sweden’s representative to its executive board told a newspaper. The International Monetary Fund ...

CySec announces the suspension afresh of the authorisation of a Cyprus Investment Firm

August 6th, 2015 (0)
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that: Following previous announcements dated 12 June 2015 and 2 July 2015, the Cyprus Securities and Exchange Commission (‘CySEC’), would like to inform the public that, ...

Quantitative Brokers and InfoReach Partner to Deliver Relative Value Trading for Futures

August 6th, 2015 (0)
Quantitative Brokers (“QB”), a world leading provider of clearer and dealerneutral agency algorithms for fixed income and futures markets, has partnered with InfoReach, an independent provider of multi-broker, cross-asset, electronic trading technology. InfoReach has integrated QB’s full suite of ...

Markets on alert for UK’s new Super Thursday of economic data

August 6th, 2015 (0)
Markets are on alert ahead of the UK’s new economic touchstone, a Super Thursday of economic data. From this Thursday, the monthly rate decision and the minutes of the Bank’s Monetary Policy Committee (MPC) meeting will be released together, ...

SIX and Swisscom join forces to establish a mobile payment solution

August 5th, 2015 (0)
SIX and Swisscom join forces with Swiss banks to promote Paymit and create added value for customers and retail SIX and Swisscom are working towards a strategic partnership to establish a Switzerland-wide, universal mobile payment solution in collaboration with ...

Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement

August 5th, 2015 (0)
Crédit Agricole, one of the biggest banks in France, said on Tuesday that its profit increased in the second quarter and that it was in “very advanced stage” talks to settle investigations into whether it processed payments for countries ...

Saxo Bank announced the appointment of new Chief Operating Officer

August 5th, 2015 (0)
Saxo Bank, the online multi-asset trading and investment specialist, announces the appointment of Søren Kyhl as Chief Operating Officer (COO) and member of the Management Board effective from January 1st 2016. His appointment will further strengthen the organisation and ...
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