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Asia markets mostly higher; Nikkei edges up despite yen strength

April 7th, 2016 (0)
Most Asian markets rose on Thursday, with Japan’s benchmark index snapping a seven-day losing streak despite fresh strength in the yen. Japan’s benchmark Nikkei 225 closed up 34.48 points, or 0.22 percent, at 15,749.84, after wavering between positive and negative territory ...

Bitcoin graduate Circle launches free social payment app in UK with Barclays

April 6th, 2016 (0)
Circle, the leading digital payments company which uses the blockchain as a settlement rail, is launching a social payment app in the UK with the help of Barclays. It’s the first time the Financial Conduct Authority has granted an ...

China Forex Losses Jump 13-Fold as Investors Brace for More

April 6th, 2016 (0)
Continued yuan depreciation’ to hurt bottom lines: Schroder Air China, Agile Property to cut exposure to dollar debt The impact of August’s yuan devaluation has shown up in Chinese publicly traded companies’ annual results — and investors are bracing ...

Can A Divided OPEC Agree On Anything In Doha?

April 6th, 2016 (0)
Only two weeks remain until the fated meeting between the OPEC countries and their counterparts from outside the organization, scheduled to take place in the Qatari capital of Doha on the coast of the Persian Gulf. The meeting could ...

Asia markets higher; Nikkei turns up on slightly weaker yen

April 6th, 2016 (0)
Asia markets turned higher on Wednesday, shrugging off a global sell-off in equities overnight, as oil prices advanced and activity in China’s services sector showed signs of pick-up. Australia’s ASX 200 was up 0.54 percent. Japan’s Nikkei 225 wavered before trading up 0.28 ...

PwC launches New Global Technology Team to Tap into Blockchain

April 5th, 2016 (0)
PwC has recruited 15 leading technology specialists to exploit and commercialise Blockchain, the technology that powers the crypto-currency, Bitcoin. The new Blockchain team will be based in PwC’s Belfast office and is expected to grow to over 40 digital ...

EU competition chief says unclear when Apple tax probe will be decided

April 5th, 2016 (0)
A two-year investigation into whether Apple’s (AAPL.O) tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. ...

HMRC’s response to the ICIJ story on offshore tax evasion

April 5th, 2016 (0)
Jennie Granger, Director General of Enforcement and Compliance, HM Revenue and Customs, said: HMRC is committed to exposing and acting on financial wrongdoing and we relentlessly pursue tax evaders to ensure that they pay every penny of taxes and fines ...

Looming gasoline glut pulls down global crude oil prices

April 5th, 2016 (0)
Oil prices dropped for a third session on Tuesday, as weakening demand for gasoline and persistent doubts on whether crude producers will be able to reach an agreement to rein in a worldwide supply glut dragged on the market. ...

Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue

April 4th, 2016 (0)
Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a ...
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