Search Results for: Swiss
Asia Stocks Drop With Mexican Peso as Election Angst Boosts Gold
November 2nd, 2016
Havens buoyed after poll shows Trump edging ahead of Clinton Kiwi climbs after jobs data damps outlook for more rate cuts A global equities selloff deepened in Asian trading and Mexico’s peso weakened as polls indicated a tightening race ...
Standard Chartered faces sanctions over Hong Kong flotation
November 1st, 2016
Standard Chartered has become ensnarled in another regulatory problem after admitting it faced potential sanctions from the Hong Kong authorities over its handling of a stock market flotation. As the London-listed bank reported its third quarter results, it admitted that ...
Market Volatility Has Currency Traders Abandoning a Tool to Stop Losses
October 30th, 2016
Some currency investors, worried that events such as the pound’s recent collapse could become more common, are abandoning an automated trading mechanism that was supposed to protect them from losses after big market swings. The trading mechanism, known as ...
FINMA added a Binary Options provider in its Warning List
October 27th, 2016
FINMA, the Swiss Financial Market Supervisory Authority, has updated its Warning List adding a Binary Options Provider suspected of conducting unauthorised activities in the financial market. FINMA added on October 25 the below company in its Warning list: Swiss ...
Switzerland adopts strategic directions to boost its Financial sector
October 25th, 2016
During its meeting on 19 October 2016, the Federal Council adopted a report and laid the foundations for a future-oriented financial market policy. The focus is on five strategic directions that should enable the Swiss financial centre to boost ...
Embraer Paying $205 Million to Settle FCPA Charges
October 25th, 2016
The Securities and Exchange Commission today announced a global settlement along with the U.S. Department of Justice and Brazilian authorities that requires aircraft manufacturer Embraer S.A. to pay more than $205 million to resolve alleged violations of the Foreign ...
MAS: Falcon Bank to Cease Operations due to serious failures in AML controls
October 11th, 2016
The Monetary Authority of Singapore (MAS) announced today that it is withdrawing the merchant bank status of Falcon Private Bank Ltd, Singapore Branch (Falcon Bank) for serious failures in anti-money laundering (AML) controls and improper conduct by senior management ...
Fifa faces legal challenge ahead Qatar 2022 World Cup
October 10th, 2016
Fifa is facing legal action in the Swiss courts over its alleged complicity in the mistreatment of migrant workers in Qatar ahead of the 2022 World Cup, the Guardian can reveal. Since Fifa voted in December 2010 to hold the ...
Switzerland Reforms VAT Rules On Foreign Suppliers
October 10th, 2016
The Swiss Parliament has passed reforms that will require all overseas companies with a turnover of over CHF100,000 (USD102,421) to impose value-added tax on transactions with Swiss customers. Under the current rules, there is an exemption from import VAT ...
LMAX Exchange announces 2015 growth figures and is on track to deliver significant profitability in 2016
October 7th, 2016
Today, LMAX Exchange releases its 2015 results that show the company delivered on its core growth objectives despite a small financial loss. The results show continued growth in institutional client acquisition and margined client funds, further global expansion, product ...
