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Brexit fears overshadow UK’s pole position as leading EU legal hub
August 4th, 2017
With Britain having the largest footprint in legal and accounting, a report commissioned by the City highlights the contribution of the sector to the economy and warns of the dangers ahead. Britain’s position as the leading legal hub of ...
UniCredit: Pound to Euro Rate Forecast at 1.05 in Coming Months
August 4th, 2017
Foreign exchange analysts at UniCredit Bank have announced a sizeable upgrade to their forecasts for the Euro saying the currency is finally starting to recover from years of undervaluation. The Italian lender have as a result upgraded their targets ...
What the bitcoin cash is and is it worth anything?
August 3rd, 2017
Early yesterday morning bitcoin’s blockchain forked — meaning a separate cryptocurrency was created called bitcoin cash. The way a fork works is instead of creating a totally new cryptocurrency (and blockchain) starting at block 0, a fork just creates ...
Mastercard and PayPal Expand Partnership in Asia Pacific
August 3rd, 2017
Mastercard and PayPal Expand Partnership in Asia Pacific to Spur Mobile and Digital Commerce Mastercard (NYSE: MA) and PayPal (NASDAQ: PYPL) today announced an extension of their partnership into Asia Pacific to enhance the consumer experience and make Mastercard ...
Isle of Man: We’re no tax haven study concludes
August 2nd, 2017
The Isle of Man might be branded a tax haven by its critics. But that’s not the conclusion of research by academics at the University of Amsterdam. Their study ranks 24 ’sink’ and five ’conduit’ offshore finance centres – ...
Trader ordered to pay hundreds of thousands dollars in “spoofing” incidents
August 2nd, 2017
CFTC Orders New York Trader Simon Posen to Pay a $635,000 Civil Monetary Penalty and Permanently Bans Him from Trading in CFTC-Regulated Markets for Spoofing in the Gold, Silver, Copper, and Crude Oil Futures Markets Order Finds that Posen ...
Mobile Money Revolution In Africa
August 2nd, 2017
These Global Payments Players Are Attempting To Move In On Mobile Money Revolution In Africa Africa is home to several mobile payment platforms and services like M-Pesa, yuCash, Orange Money, eTranzact and EcoCash, among several others, which have been ...
1 in 3 Europeans cannot afford a one-week annual holiday
August 2nd, 2017
For many people in the European Union (EU), summer means holidays and travel. However, around a third (32.9%) of the EU population cannot afford a one-week annual holiday away from home. Slightly more households with dependent children (34.6%) than ...
EU Requires Belgium, France To End Port Tax Breaks
August 1st, 2017
Belgium and France must abolish corporate tax exemptions granted to their ports so as to align their tax regimes with European Union state aid rules, the European Commission has said. In a statement issued on July 27, the Commission ...
Financial Regulators around the world warn for unauthorized financial services firms
August 1st, 2017
The supervisory authorities of Austria (Financial Market Authority – FMA), Belgium (Financial Services and Markets Authority – FSMA), Switzerland (Swiss Financial Market Supervisory Authority – FINMA), Hong Kong (Securities and Futures Commission – SFC) and British Columbia (British Columbia ...