Virtual currency as a payment method in Japan officialy from April 1
March 29th, 2017
Virtual money poses accounting dilemma for Japan’s early adopters Asset or expense? The bottom line depends on the answer A new law defining virtual currency as a payment method goes into effect in Japan this Saturday, but in the ...
Wells Fargo announced a $110 million settlement of a lawsuit
March 29th, 2017
Wells Fargo announces agreement in principle to settle class action lawsuit regarding retail sales practices Wells Fargo announced today that it has reached an agreement in principle to settle a class action lawsuit concerning retail sales practices, which was ...
Star investor Bill Gross reaches $81 million settlement with Pimco
March 29th, 2017
Legendary investor Bill Gross has reached an $81 million truce with Pimco, ending a war with the firm he founded and built into the world’s biggest bond manager. Gross and Pimco announced on Monday they reached an “amicable settlement” ...
All you need to know about Article 50 and the Brexit process
March 29th, 2017
The formal two-year process governing Britain’s departure from the European Union (EU) begins when Article 50 of the Treaty of Lisbon, which became law in 2009, is triggered on Wednesday. Here, CNBC breaks down all the issues as the ...
Deutsche Bank and its UK subsidiary to pay $775 million penalty
March 29th, 2017
DB Group Services (UK) Limited (DBGS), a wholly owned subsidiary of Deutsche Bank AG (Deutsche Bank), was sentenced today for its role in manipulating London Interbank Offered Rates (LIBOR) for U.S. Dollar and several other currencies. LIBOR is a ...
Tesco to pay redress for market abuse
March 28th, 2017
The Financial Conduct Authority (FCA) today announces that Tesco plc and Tesco Stores Limited (Tesco) have agreed that they committed market abuse in relation to a trading update published on 29 August 2014, which gave a false or misleading ...
Java Developers
March 28th, 2017
Java Developers Reference Number: PD2017 With over 1,000,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader. With a workforce of more ...
Amazon to acquire Middle East ecommerce leader Souq.com
March 28th, 2017
The global e-retailing giant Amazon has acquired Souq.com, the regional ecommerce leader, in one of the most anticipated corporate deals in the region so far this year. The value of the deal has not been formally announced. The acquisition ...
Venezuelan citizens are adopting alternatives like the bitcoin to survive
March 28th, 2017
With its economy in shambles and its national currency in steep decline, Venezuelan citizens are adopting alternatives to survive—chief among them the crypto-currency Bitcoin. But that’s not the only option that’s popping up. In the wake of the financial collapse, ...
Japan, Australia, Hong Kong, South Korea stock indexes gain
March 28th, 2017
Japan, Australia, Hong Kong, South Korea stock indexes gain Yen higher after earlier loss, Australian bonds continue rally The selloff in riskier assets eased after U.S. stocks staged a recovery, with most Asian equity markets resuming their upward trajectories ...
