Search Results for: UBS AG
Central bankers claim bitcoin could break the internet
June 21st, 2018
Who’s right about bitcoin: the Bank of International Settlements (BIS) or cryptocurrency advocates? The Bank of International Settlements on Sunday said bitcoin is “a poor substitute for the solid institutional backing of money.” Critics in the crypto world say ...
Oil, the petrodollar, and the next emerging market crisis
June 21st, 2018
Oil prices are up over the past year, which is bad if you’re, say, a developing country that imports a lot of the stuff. But the US dollar (aka the petrodollar) is also up, which compounds the problem because ...
Key Brexit vote likely to prompt volatility in GBP/EUR
June 21st, 2018
MP’s are set to debate the government’s Brexit withdrawal bill for the second time today, after the House of Lords voted to amend the bill and send it back to the lower house on Monday. The key point ...
Cryptocurrency tether used to boost bitcoin prices, study finds
June 18th, 2018
There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin BTC and other cryptocurrencies, according to a research paper released by the University of Texas on ...
Living Dangerously
June 18th, 2018
Regular readers of Goldmoney’s Insights should be aware by now that the cycle of business activity is fuelled by monetary policy, and that the periodic booms and slumps experienced since monetary policy has been used in an attempt ...
US small cap stocks continue to outperform big caps this year
June 18th, 2018
The rally in shares of small-capitalization shares relative to large caps has accelerated in recent weeks. A month ago, the Russell 2000 (a widely followed gauge of small companies) was ahead of its large-cap counterpart (Russell 1000) by roughly ...
PwC fined £10m over audit failures
June 14th, 2018
The Financial Reporting Council (FRC), the UK’s accounting industry regulator, has issued an announcement to inform that has sanctioned PriceWaterhouseCoopers (PwC) and audit partner Steve Denison. In accordance the announcement, the Financial Reporting Council has sanctioned PriceWaterhouseCoopers (PwC) and ...
Is the EU ready for a Common Consolidated Corporate Tax Base?
June 12th, 2018
In 2011, an ambitious Common Consolidated Corporate Tax Base (CCCTB) directive was proposed by the European Commission. It sought to harmonise the 28 different corporate tax codes of the Member States into one set of rules while retaining the ...
Asian shares edged higher on Monday; Investors kept an eye on trade tensions
June 11th, 2018
Asian shares edge higher amid trade tensions and ahead of central bank meetings. Markets in the region edged higher on Monday, shrugging off the cautious mood seen earlier as investors focused on a mix of trade tensions and a ...
UK regulator fined a Bank for anti-money laundering systems failings
June 7th, 2018
The UK regulator Financial Conduct Authority (FCA), has issued an announcement to inform that has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are ...