Search Results for: NFA
Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
January 11th, 2016
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at least 35 multinationals mainly from the EU, who must ...
Greece’s economic crisis goes on, like an odyssey without end
January 7th, 2016
When Stavros Staikos thinks of the year ahead, he expresses dread. Although stoic in demeanour, the retired merchant seaman struggles to be upbeat about his country and his own circumstances. “It’s hard to be optimistic,” he says, waiting his ...
The ‘Bitcoin Island’accept the digital currency for everyday transactions
January 4th, 2016
Bitcoin: How the Isle of Man is leading a cryptocurrency revolution A scattering of businesses on ‘Bitcoin Island’ accept the digital currency for everyday transactions alongside sterling Like most coffee shops, Java Express in Douglas offers its clientele ...
Southeast Asia Launches Huge Trade Bloc
December 30th, 2015
Ten countries formalize their integration efforts in a bid to rebalance regional power and riches Ten Southeast Asian nations start an ambitious, U.S.-backed experiment on Thursday: integrating their economies in a bid to bring more global sway and prosperity ...
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 30th, 2015
CSRC rule proposals seen taking effect in as early as 2016 Proposal to levy fees on high cancel rates echoes Clinton plan Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the ...
11 Bitcoin Startups That Went Bust in 2015
December 28th, 2015
This year was a time of further consolidation for the bitcoin industry. After what you might call a ‘Wild West’ period (when it seemed everyone with the urge was setting up their own bitcoin-based service), the space is now rapidly becoming ...
China fines global shippers on price-fixing charges
December 28th, 2015
China fined seven foreign shipping companies that carry vehicles for automakers a total of $65 million on price-fixing charges Monday in its latest effort to end anti-competitive behavior in the auto industry. Investigators found Europe’s Wallenius Wilhelmsen, South Korea’s ...
Analysis – Record highs predicted for bitcoin in 2016 as new supply halves
December 23rd, 2015
2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason – slower growth in the money supply. Bitcoin ...
IOSCO Publishes Statement on Regulation of Crowdfunding
December 23rd, 2015
The International Organization of Securities Commissions (IOSCO) today published a Statement on regulation of crowdfunding. IOSCO believes it is important for regulators and policy makers to balance the need for supporting economic growth and recovery with that of protecting ...
Morgan Stanley Settles Charges in “Parking” Scheme
December 23rd, 2015
The Securities and Exchange Commission today announced that Morgan Stanley Investment Management has agreed to pay $8.8 million to settle charges that one of its portfolio managers unlawfully conducted prearranged trading known as “parking” that favored certain advisory client ...
