Search Results for: UBS
Swiss police raid HSBC’s Geneva office
February 18th, 2015
Swiss police are searching offices of the Geneva subsidiary of HSBC bank in an inquiry into alleged money-laundering. Prosecutors said they are investigating HSBC Private Bank (Suisse) and “persons unknown for suspected aggravated money laundering”. The investigation could be ...
Indonesia Stocks Rise to Record as Rupiah Falls After Rate Cut
February 18th, 2015
Indonesian stocks headed toward a record close and government bonds advanced, while the rupiah fell, after the central bank unexpectedly cut borrowing costs. The benchmark rate was lowered to 7.5 percent from 7.75 percent after local markets closed Tuesday, ...
Bank of Indonesia Rate Lowered by 25 bps to 7.50%
February 17th, 2015
On 17th February 2015, the Bank Indonesia Board of Governors decided to lower the BI Rate 25 bps to 7.50%, with the Deposit Facility rate also reduced 25 bps to 5.50% and the Lending Facility rate maintained at 8.00%, effective ...
Local investors regain largest share of HKEx’s securities market trading
February 17th, 2015
Local investors have regained the largest share of securities market trading at Hong Kong Exchanges and Clearing Limited (HKEx), according to the findings from HKEx’s Cash Market Transaction Survey 2013/14. The survey found local investors contributed 45 per cent ...
UAE To Conclude FATCA IGA This Month
February 17th, 2015
The Ministry of Finance of the United Arab Emirates (UAE) held a press conference on February 15, 2015, to discuss the latest developments regarding the draft agreement on implementing the US Foreign Account Tax Compliance Act (FATCA). FATCA, which ...
Is Gold’s Pullback Another Buying Opportunity?
February 17th, 2015
There are reasons in the technical charts, in the fundamentals, and in investor sentiment, to believe gold is ready for at least a tradable bear market rally. In a January column, I noted that gold plunged 48% from its ...
Self protection against money laundering
February 16th, 2015
There is much that both financial and non-financial businesses can do to take the initiative and implement their own money laundering prevention measures. The framework for such prevention measure for protection against money laundering is: Know your administration Know ...
ASIC issues stop order on pre-prospectus publications by Bitcoin Group Limited
February 13th, 2015
ASIC has placed a stop order prohibiting Bitcoin Group Limited (a proposed Bitcoin ‘miner’ in Australia) from publishing any statements concerning its intention to make an initial public offering of its shares until the lodgement of a prospectus. ASIC’s ...
New ETF: offers first-time access to euro zone equities with currency hedging against US dollar
February 13th, 2015
New exchange-listed equity index fund has been tradable since Thursday. The UBS ETF – MSCI EMU Hedged USD UCITS ETF (USD) A-dis gives investors the opportunity for the first time to track the performance of the equity markets in ...
HSBC files: Swiss bank hid money for suspected criminals
February 13th, 2015
HSBC’s Swiss bank concealed large sums of money for people facing allegations of serious wrongdoing, including drug-running, corruption and money laundering, leaked files reveal. Despite being legally obliged since 1998 to make special checks on high-risk customers, the bank ...
