Search Results for: UBS Group
The World Federation of Exchanges publishes position paper on FinTech in the market infrastructure space
January 12th, 2018
The World Federation of Exchanges (“The WFE”), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a position paper summarising the WFE’s current views on FinTech and the regulatory environment surrounding it. The purpose ...
Ethereum Rises Above $1,000 for the First Time as Ripple Soars
January 5th, 2018
Even as the arguable star of 2017 Bitcoin stalls thousands below its all-time high, the third largest cryptocurrency by market value, Ethereum, is soaring to new records Thursday. For the first time ever, Ethereum prices rose above $1,000 per ...
Finance chiefs say bitcoin is ‘real’ but many think it’s in a bubble right now
November 21st, 2017
Ninety-seven chief financial officers (CFOs) on CNBC’s Global CFO Council were asked their view on bitcoin Out of the 43 that responded, 27.9 percent said the cryptocurrency is “real but in a bubble” Another 14 percent said that bitcoin ...
BNP Paribas Launches WeChat Pay In Europe
November 10th, 2017
BNP Paribas, Europe’s leading bank for Cash Management, is introducing WeChat Pay a popular mobile payment solution in China, to retailers in France and subsequently across Europe, thus underlining its determination to support retail sector clients wishing to attract ...
Financial advice firm to pay $1 million penalty
October 30th, 2017
The Australian Securities and Investments Commission (ASIC) has issued an announcement to inform that: The Federal Court has imposed a civil penalty of $1 million against Melbourne-based financial advice firm NSG Services Pty Ltd (currently named Golden Financial Group ...
Former top Executives of one of the world’s largest metals and mining corporations charged with fraud
October 18th, 2017
The Securities and Exchange Commission charged mining company Rio Tinto and two former top executives with fraud for inflating the value of coal assets acquired for $3.7 billion and sold a few years later for $50 million. The SEC’s ...
Coffee futures dive
October 12th, 2017
Coffee futures fell, despite data showing an “unexpected” dip in Brazilian exports last month, as weather forecasters injected a little extra rain into the outlook for the South American country. Arabica coffee futures for December dropped 3.1% to 127.00 ...
ISXPay: Further Australian card acquiring/processing contracts executed
October 11th, 2017
Highlights ISXPay gains further traction in Australia with customer addition Card Transactions in excess of $52m per annum to be processed, cleared and settled to Merchants bank accounts by ISXPay Average Net Margin in excess of 77 basis points ...
EU ordered Luxembourg to collect around €250 million from Amazon
October 5th, 2017
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...
Brent oil edges up, near 26-month high amid supply concerns
September 27th, 2017
Brent oil prices rose on Wednesday, hovering around a 26-month high hit in the previous session, after U.S. data showed an unexpected drop in crude stocks as refineries boosted output and amid threats from Turkey to cut crude exports ...
