Search Results for: UBS AG
Bitcoin Exchange Bitstamp Enables EUR/USD Trading
June 2nd, 2016
In an announcement yesterday, Bitstamp has announced that clients can now trade Euros for Dollars, marking the bitcoin exchange’s entry into the biggest traditional currency trading pair in the foreign exchange market. Bitcoin exchange Bitstamp has entered the largest and the ...
CEO fired after firm loses millions following email scam
June 1st, 2016
FACC, an Austrian aerospace manufacturer, has fired its CEO, Walter Stephan, after losing €50million (£38.5million) in a business email compromise scam at the beginning of the year. The scam impersonates an executive – preferably a finance one – and ...
Dollar sits below two-month high; Aussie buoyed by solid GDP
June 1st, 2016
The dollar fell against the yen on Wednesday, pulling away from a one-month peak set earlier in the week, with its drop gaining momentum after breaching technical support levels. The dollar shed 0.7 percent to 109.95 yen, weakening from ...
Three reasons why bitcoin’s price is surging higher
June 1st, 2016
Bitcoin is trading at its highest price in almost two years, driven by several factors including market conditions in Asia, according to experts in the cryptocurrency. The online currency ended Monday at around $542.77 and hit a high of ...
EU Approves Directive On CbC reporting of tax information
June 1st, 2016
On May 26, 2016, the Council of the European Union approved a Directive on the country-by-country (CbC) reporting of tax information by multinational corporations and automatic exchange of that information between EU tax authorities, which member states would be ...
Currency Traders Beware as Danske Bank Eliminates Human Element
May 31st, 2016
Danske Bank A/S is pitching a new product to help clients net their currency transactions and reduce the need for human traders. The second-biggest Nordic bank won a contract last week with Sweden’s government to provide the service and ...
Can the IMF afford to stand back on Greece bailout money?
May 30th, 2016
IMF turns its back on Europeans in Greece bailout The IMF said it won’t give another penny until it sees a concrete plan from the Europeans to substantially cut the country’s debt burden. The “breakthrough” deal announced Wednesday to ...
Regulation – the hidden curse
May 27th, 2016
Regulations are nearly always introduced with the best intentions. In financial services, they aim to stop unscrupulous brokers and banks from ripping off the public through bad practices. Manufacturers are banned from making products which are dangerous to children, ...
Saudi Arabia Has a Plan B to Try to Stop Iran’s Economic Rise
May 26th, 2016
The kingdom is mobilizing its Gulf allies to make sure that Iran’s opening-up to the global economy doesn’t go smoothly. Saudi Arabia couldn’t stop the Iran nuclear deal from being signed. Plan B is to limit Iran’s ability to ...
A computerized trading firm beat Banks in the rankings of the world’s biggest spot currency traders
May 26th, 2016
XTX is the first electronic specialist to break into top five Deutsche Bank was the biggest currency trader until 2014 Computerized trading firm XTX Markets Ltd. has come from nowhere to dethrone major banks including Deutsche Bank AG in the ...
