Search Results for: IG Group
45 leading banks sign up to SWIFT’s global payments innovation initiative
January 22nd, 2016
Major banks around the world take action to dramatically improve the customer experience in cross-border payments SWIFT announces that 45 leading banks have signed up to its global payments innovation initiative, announced at the end of December 2015. The ...
Convict Libor brokers only if they played ‘significant’ role, UK jury told
January 22nd, 2016
Jurors in Britain’s second Libor trial were instructed on Thursday not to convict the six former brokers in the dock unless evidence showed they played a “significant” part in an alleged plot to help convicted trader Tom Hayes rig ...
China’s Central Bank Discusses Digital Currency Launch
January 21st, 2016
The People’s Bank of China (PBoC), the country’s central bank, is moving toward the launch of its own digital currency. The PBoC said in a 20th January release that it had held a meeting discussing the possibility in Beijing. Attendees included central bank governor Zhou Xiaochuan and ...
FTSE and European markets edge higher ahead despite Asia decline
January 21st, 2016
UK and European stocks wavered early on 21 January before gradually edging into the black, as they successfully shrugged off a disappointing session in Asia, where equity markets fell across the board. Midway through the session, London’s FTSE 100 ...
Legal fight over the shape of the iPhone
January 21st, 2016
Tech Giants Back Samsung at Supreme Court in Apple Patent Fight A legal fight over the shape of the iPhone could have big repercussions, a tech industry trade group warns. A trade group for Google, Microsoft, and other big ...
FTSE 100 index plunges into ‘bear market’ territory as oil price rout wipes another £52bn off top-flight share values
January 21st, 2016
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 high – firmly a bear market Panic over oil price after ...
CME Group Announces Record Eurodollar Options Volume
January 21st, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, announced it reached a trading volume record for Eurodollar options yesterday, January 19, of 4,279,584 contracts, surpassing the previous record of 3,493,675 set on June 24, 2013. Open interest ...
Deutsche Bank to Face British Lawsuit Over High-Speed Trading
January 19th, 2016
Deutsche Bank, already troubled by lawsuits and official investigations, faces another challenge. A group of lawyers said on Monday that they planned to sue the company in British court, accusing the bank of using high-speed trading software to profit in foreign ...
UK Planning Law Change For VAT Groups
January 18th, 2016
The UK Government has announced a consultation on changes to the nation’s VAT grouping provisions, following the European Court of Justice’s rulings in the cases Larentia + Minerva and Marenave (C-108/14 and C-109/14) and Skandia (C-713). The consultation process ...
Digital Technologies: Huge Development Potential Remains Out of Sight for the Four Billion Who Lack Internet Access
January 14th, 2016
A new World Bank report says that while the internet, mobile phones and other digital technologies are spreading rapidly throughout the developing world, the anticipated digital dividends of higher growth, more jobs, and better public services have fallen short ...
