Search Results for: OSC
EU raises eurozone growth forecasts
May 12th, 2017
Economic growth in the eurozone this year should be a bit better than previously forecast according to the latest outlook unveiled by EU Economic and Financial Affairs Commissioner Pierre Moscovici. Gross domestic product for the 19-country bloc is expected ...
Emmanuel Macron has pledged to reduce taxation on companies to 25 percent
May 10th, 2017
Emmanuel Macron, France’s president-in-waiting after a resounding poll victory Sunday, campaigned on a platform that combined unstinting support for the EU with tax cuts for business and a pledge to maintain the country’s social safety net. Following are key ...
DCCC launches “Active Risk” Risk Management System
May 9th, 2017
The Dubai Commodities Clearing Corporation (DCCC), the leading Central Counter Party (CCP) in the region and a wholly owned subsidiary of the Dubai Gold & Commodities Exchange (DGCX), has announced the launch of a state-of-the-art Risk Management System (RMS) ...
MOEX reports turnover grew on FX Market +9.5% in April 2017
May 4th, 2017
In April 2017, total trading volumes across Moscow Exchange’s markets amounted to RUB 70.9 trln. Turnover grew on the Money Market (+20.2% YoY), Equity and Bond Market (+17.9%) and FX Market (+9.5%). Equity and Bond Market Total trading volumes ...
The Bank of Russia decided to reduce the key rate to 9.25% p.a.
May 2nd, 2017
On 28 April 2017, the Bank of Russia Board of Directors decided to reduce the key rate to 9.25% per annum. The Board notes that inflation is moving towards the target, inflation expectations are still declining and economic activity is recovering. At the same time, inflation risks ...
End of empire
April 30th, 2017
“Already, China dominates world trade. Her own economy is already significantly larger than that of the US on the PPP estimates. While being the largest consumer of raw materials, China also exports more finished goods by value than any ...
Bank of Russia revoked the licence of a Bank
April 25th, 2017
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform on revocation of banking licence of credit institution Finars Bank and appointment of provisional administration. By its Order No. OD-1057, dated 21 April 2017, the ...
ASIC signs fintech Cooperation Agreement with OJK to promote innovation in financial services
April 21st, 2017
The Australian Securities and Investments Commission (ASIC) and Indonesia’s Otoritas Jasa Keuangan (OJK) have entered a Cooperation Agreement to promote innovation in financial services in their respective markets. The agreement, signed today in Melbourne, establishes a framework for cooperation ...
Google reaches settlement in antitrust case in Russia
April 19th, 2017
In relation to an antitrust case in Russia, the Federal Antimonopoly Service of the Russian Federation (FAS) has issued an announcement to inform that its has reached a settlement with Google. According the announcement: On April 17, 2017, the ...
Japan Stocks Tumble, Yen Gains Amid Risk Aversion: Markets Wrap
April 12th, 2017
Gold remains at year’s high as geopolitical concerns linger Treasuries extend gains, oil climbs for seventh session Japanese shares tumbled after the yen jumped to the highest since November as investors avoided riskier assets amid lingering geopolitical concerns. Treasuries ...
