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The S&P 500’s new sector could be a really big deal
August 23rd, 2016
The S&P 500 is about to undergo a landmark change, and it could have interesting and important developments for investors. Since 1999, the index of large-cap stocks has been cut into 10 broad sectors, with the distinctions critical for ...
Nukkleus which obtained a shareholder stake in IBIH Limited the parent company of IronFX Global Group files Q2 financial report
August 22nd, 2016
Nukkleus Inc. has filled its Quarterly Report with the U.S. Securities and Exchange Commission (SEC) in the Form of FORM 10-Q/A, providing, among other, insights of the acquisition of a 9.9% shareholder stake in IBIH, as well as the acquisition ...
Samsung is planning to re-sell refurbished phones at a lower price
August 22nd, 2016
Samsung plans to launch a programme to sell refurbished used versions of its premium smartphones as early as next year, a person with direct knowledge of the matter told Reuters. The South Korean technology firm is looking for ways ...
Bank of Japan released review on FX margin trading in Japan
August 22nd, 2016
The Bank of Japan has issued a Review to make publish recent trends in Foreign Exchange (FX) margin trading in Japan. Below is a summary of the Review: Foreign exchange (FX) margin trading in Japan has an enormous impact ...
Baker & McKenzie announces global revenues of $2.62 billion
August 22nd, 2016
Revenues up 8% or 16% in constant currency Net profit grew by 14% or 22% in constant currency Profits per Equity Partner up 13% or 21% in constant currency 150 new partners Baker & McKenzie, the world’s premier global ...
CySec imposed an Administrative Fine of €105.000 on a Cyprus Investment Firm
August 22nd, 2016
The Cyprus Securities and Exchange Commission (CySec) has issued an announcement to inform investors that the Commission decided to impose a total administrative fine of €105.000 to the CIF HF Markets (Europe) Ltd for non-compliance with the following legislation: ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Zervant Closes €4 Million Series A Round to Expand in Europe
August 17th, 2016
Finnish fintech startup Zervant has announced €4 million in funding, led by Northzone and Conor Venture Partners. The investment will be used to further boost the international expansion of Zervant’s invoicing services, designed for freelancers and small businesses. The additional funding will also see ...
KPMG Special Administrator of Alpari UK reports compensation payment of 51.3 million
August 17th, 2016
KPMG, the Special Administrator of Alpari (UK) Limited has issued an update report to inform regarding the progress for the period 19 January 2016 to 18 July 2016. Below are highlights of the report as it was published. Executive ...
Bitcoin Exchange OKCoin Fined in Money Laundering Case
August 16th, 2016
Chinese Bitcoin exchange OKCoin was recently fined for unknowingly aiding money laundering operations on its platform. The Beijing-based company, which records the maximum daily Bitcoin volume, has been ordered by the Heilongjiang Provincial Court to cough up 627,569 Yuan ...
