Search Results for: UBS
Tesla Motors under fire for using prohibited accounting metrics
December 1st, 2016
Tesla Motors Inc. has come under fire from the Securities and Exchange Commission for using prohibited accounting metrics and sharing that information with investors, according to regulatory correspondence. The SEC said Tesla in its August earnings release used “individually ...
The second country in the world to develop a National Digital Currency
December 1st, 2016
Senegal has recently become only the second country in the world to introduce a digital currency based on blockchain technology. Named eCFA, the digital currency will be legal tender just as the current currency, CFA Franc, is. Senegal’s eCFA ...
Playtech’s founder Teddy Sagi is selling part of his Playtech holdings
November 30th, 2016
Playtech plc (“Playtech,” or the “Company”) announced that it has been advised that Brickington Trading Limited (“Brickington”) is proposing to sell approximately 32.3 million ordinary shares in the Company (the “Placing Shares”) via an accelerated bookbuild through UBS Limited ...
The dollar climbed 0.4 percent to 112.78 yen
November 30th, 2016
Output pact under threat as day of Vienna meeting dawns Greenback climbs with Treasuries premium at nine-year high Oil held below $46 a barrel ahead of a make-or-break OPEC meeting on stabilizing the crude market, while the dollar headed ...
Calypso partners with R3 to build distributed ledger applications for financial services
November 29th, 2016
Calypso Technology has become the first firm to partner with R3 to develop capital markets applications on its Corda distributed ledger-based smart contract platform. The two firms are currently developing a multi-party trade confirmation solution and testing it with ...
Insurance commissioner’s enforcement action against Zenefits results in multi-million dollar penalty
November 29th, 2016
Insurance Commissioner Dave Jones today announced the enforcement action taken against Zenefits for multiple license violations has resulted in a $7 million penalty. Zenefits was charged with allowing unlicensed employees to transact insurance and circumventing insurance agent education requirements. ...
Barclays announces completion of sale
November 28th, 2016
Barclays has completed the sale of its Wealth and Investment Management (WIM) business in Singapore and Hong Kong to Bank of Singapore Limited, the wholly-owned private banking subsidiary of Oversea-Chinese Banking Corporation Limited (OCBC). Barclays WIM in Singapore and ...
TechFinancials to receive $1 Million dividend pay-out from DragonFinancials
November 28th, 2016
TechFinancials Inc. (AIM: TECH), a leading technology provider to financial trading brokers, has issued a press release to announce a dividend pay-out by its subsidiary, DragonFinancials. The board of directors of DragonFinancials have declared an interim dividend pay-out of ...
India Showcased Fastest Growth in E-commerce Market: Ken Research
November 28th, 2016
China’s e-Commerce market develops in spite of the monetary slowdown. Japan, South Korea and Australia are saturated e Commerce markets. Web based retailing is seen as a convenience channel for shopping. Ken Research announced its latest production on, “Online Retailing ...
The economic consequences of Mr Modi
November 26th, 2016
Two weeks ago, India’s Prime Minister Narendra Modi demonetised an estimated 86% of rupees in circulation, offering conversion into a bank account or into smaller currency notes until 31 December, after which these notes will have no redemption value. ...
