Search Results for: UBS
EU fines Google €2.42 billion for manipulating search engine results
June 27th, 2017
Antitrust: Commission fines Google €2.42 billion for abusing dominance as search engine by giving illegal advantage to own comparison shopping service The European Commission has fined Google €2.42 billion for breaching EU antitrust rules. Google has abused its market ...
Alibaba’s founder predicts in 30yrs people will work 4 hours a day
June 23rd, 2017
People will work much less three decades from now, according to Jack Ma, the founder of Chinese e-commerce giant Alibaba. “People only work four hours a day and maybe four days a week. My grandfather worked 16 hours ...
Oil prices rose on Thursday
June 22nd, 2017
Oil prices climb off 10-month lows as U.S. stockpiles drop Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued ...
Chairman of the Financial Conduct Authority UK confirms plan to leave the FCA
June 20th, 2017
John Griffith-Jones, Chairman of the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR), has confirmed that he will leave both organisations at the end of his term of office, on 31 March 2018. John Griffith-Jones commented: “I ...
MoU Signed to Accelerate the Development of the African Fintech Ecosystem
June 20th, 2017
Techpreneur Africa Signs Memorandom of Understanding with Abu Dhabi Global Market to Accelerate the Development of the African Fintech Ecosystem Speaking from a joint press release, TechPreneur Africa, a social impact firm focused on harnessing innovation and entrepreneurship to ...
Trax and Bats Europe Connect for MiFID II Equities Trade Reporting
June 16th, 2017
Trax®, a subsidiary of MarketAxess Holdings, Inc. and a leading provider of regulatory reporting, trade matching and capital market data services, and Bats Europe, a CBOE Holdings, Inc. company and the region’s largest equities exchange operator, today announce plans ...
The Netherlands Financial Markets Regulator Fines International Card Services
June 16th, 2017
The Netherlands Authority for the Financial Markets (AFM) announced that it is fining International Card Services (ICS), a wholly-owned subsidiary of ABN AMRO, for excessive credit limits. In March 2017, ICS took the initiative itself and prepared a compensation ...
How gold can rescue pensions
June 15th, 2017
The World Economic Forum, in conjunction with Mercers (the actuaries) recently estimated that the combined pension deficit currently stands at $66.9tr for eight countries, rising to $427.8tr in 2050. The eight countries are Australia, Canada, China, India, Japan, Netherlands, ...
FCA UK issued an update on regulatory sandbox
June 15th, 2017
The Financial Conduct Authority of UK (FCA UK) today provides an update on its regulatory sandbox and unveils the list of firms that were successful in their applications to begin testing in the second cohort of the sandbox. The ...
Toshiba facing fresh lawsuit from another group of foreign investors
June 14th, 2017
Japanese electronics giant Toshiba says it is facing a fresh lawsuit from another group of foreign investors seeking damages following its $1.2bn accounting scandal. The company says it has now been served with 26 complaints in total, demanding nearly ...
