Search Results for: Shares
Rolls-Royce calls in top law firm to deal with fraud investigation
November 17th, 2015
The engine maker’s decision to bring in Slaughter and May underlines seriousness of allegations Rolls-Royce has called in a leading law firm to help it deal with bribery allegations and a Serious Fraud Office (SFO) investigation. Slaughter and May has ...
Australia, Germany Sign New DTA
November 17th, 2015
Australia and Germany have signed a new double tax agreement (DTA) that lowers withholding tax rates on cross-border income and introduces new anti-abuse and prevention of non-taxation rules. The new agreement was signed on November 13 and replaces the ...
Intercontinental Exchange to acquire Trayport from BGC Partners and GFI for $650 million in stock
November 17th, 2015
Intercontinental Exchange (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that it has entered into a definitive agreement to acquire Trayport for $650 million in ICE common stock. Trayport is a subsidiary of GFI Group, which ...
U.S. Stocks Rally, Led by Energy Sector
November 17th, 2015
Traditional haven investments such as gold and government bonds tick higher Markets broadly shook off concerns stemming from the deadly terror attacks in Paris, even as oil prices rose on the prospect of greater violence in the Middle East. ...
Saudi Arabia Preparing To Fuel Its $100 Billion Oil War With Debt
November 16th, 2015
Saudi Arabia has probably spent around $100 billion of its foreign reserves by now to prosecute its war against American shale and other low-cost oil producers. The oil kingdom’s decision one year ago not to cut production to support ...
CommSec: Investors are increasingly looking abroad to overseas stock exchanges
November 16th, 2015
Investors are increasingly looking abroad to overseas stock exchanges to broaden their investment portfolio, according to new data from CommSec. CommSec, Australia’s largest online broker, has seen a sharp increase in demand for foreign owned shares. The number of ...
Nasdaq to develop blockchain services in Estonia
November 16th, 2015
Exchange and clearing house operator Nasdaq Inc plans to develop several applications for blockchain, the technology underpinning the digital currency bitcoin, using its Estonian settling and clearing business, a senior Nasdaq executive said on Friday. The blockchain is a ...
KCG Releases October 2015 Trade Volumes
November 16th, 2015
KCG Holdings, Inc. (NYSE: KCG) released trade volumes for the month of October 2015. In Market Making, KCG averaged $30.3 billion dollar volume traded, 4.8 billion shares traded, and 3.8 million trades per day in U.S. equities. In Global ...
PayPal Completes Acquisition of Xoom
November 13th, 2015
PayPal, Inc. (NASDAQ:PYPL) and Xoom Corporation (NASDAQ:XOOM) announced that PayPal has completed its previously announced acquisition of Xoom. In accordance with the terms of the acquisition agreement announced on July 1, 2015, PayPal acquired all of the outstanding shares of ...
BlackRock partners with Euroclear and Clearstream to migrate 20 ETFs to international settlement structure
November 13th, 2015
Centralised post-trade arrangements increase liquidity, efficiency and reduce cost BlackRock, Euroclear and Clearstream have partnered to migrate 20 iShares ETFs to an international issuance and settlement structure. BlackRock issued the first ETF with an international security structure in 2013, ...
