Search Results for: MoU
Certain financial derivatives such as binary options, CFDs with leverage will be restricted by FSMA
August 16th, 2016
The Financial Services and Markets Authority (FSMA) of Belgium has issued an announcement to inform that the authority establishes a framework for the distribution of OTC Derivatives (Binary options, CFDs, etc.). According to FSMA’s announcement, the distribution of certain ...
Xetra-Gold holdings rise by more than 50 per cent since the beginning of the year
August 16th, 2016
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50 per cent since the ...
Paysafe published Unaudited Interim Results for the 6 months ended 30 June 2016
August 12th, 2016
Paysafe Group plc, global provider of payment solutions, reports strong growth in the six months ended 30 June 2016. Reported H1 2016 revenue increased 118% to $487m (H1 2015: $223m); pro-forma constant currency revenue growth was 20%, up from ...
Why Say’s law is always true
August 12th, 2016
One of my regular readers has raised the important subject of Say’s law, the denial of which both Keynesian and modern monetarists are emphatic. They need this fundamental axiom to be untrue to justify state stimulation of aggregate demand. ...
Mass Bank Account Data Shared By German State
August 12th, 2016
The German state of North Rhine-Westphalia has sent to foreign tax authorities information on more than 100,000 bank account holders suspected of attempting to evade tax in 19 countries, the state’s finance ministry has announced. The state Government revealed ...
Financial technology: Money finds new paths
August 12th, 2016
Africa may be slowest to embrace fintech, but the continent is ripe for disruption. WHAT IT MEANS: Australia’s progress a benchmark for Africa. Africa’s unbanked are an opportunity for tech firms. Disruption of the banking sector is well on ...
Fitch: Negative-Yielding Sov Debt in Japan Down, Europe Up
August 11th, 2016
The global stock of negative-yielding sovereign debt fell modestly to $11.4 trillion as of August 2, compared with $11.5 trillion on July 15, according to Fitch Ratings. Japanese yields moved higher in late July in response to the latest ...
PwC Fights $5.6 Billion Fraud Trial over Taylor Bean’s Collapse
August 11th, 2016
PricewaterhouseCoopers LLP failed to spot for seven years a multibillion-dollar fraud that led to the demise of Taylor Bean & Whitaker Mortgage Corp., a lawyer for the lender’s bankruptcy trustee told a Miami jury on Tuesday. At issue is ...
TradeFx fired 80 workers in Israel; Playtech Cyprus Ltd looking to reduce the space planned to rent
August 11th, 2016
Sources inform “Globes” that following a wave of layoffs, Playtech Cyprus Ltd. (LSE:PTEC), managed by CEO Mor Weizer, notified Azrieli Group Ltd. (TASE: AZRG) last week that it was reducing the amount of space it had planned to rent in the new business tower ...
Asia mostly lower as oil retreats further; BOK keeps rates steady
August 11th, 2016
Asia markets were mostly lower on Thursday following U.S. losses, with sentiment likely driven by Wednesday’s oil price falls and anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 slid 35.71 points, or 0.64 percent, ...
