Search Results for: US Dollar
SEC fined 13 Investment Advisory Firms
August 26th, 2016
The Securities and Exchange Commission today announced penalties against 13 investment advisory firms found to have violated securities laws by spreading the false claims made by an investment management firm about its flagship product. An SEC enforcement sweep of ...
The small beautiful African country of Malawi said to legalise forex black market traders
August 25th, 2016
The Reserve Bank of Malawi (RBM) has said it will formalise traders selling foreign currency outside the official exchange rate, following pronouncements made by Financial Intelligence Unit (FIU) director Atuweni Juwayeyi Agbermodji that parallel foreign exchange traders need to ...
U.S. Warns Apple Tax Probe in Europe Could Set ‘Undesirable Precedent’
August 25th, 2016
Just weeks before the European Commission is expected to make a decision in its landmark Apple tax probe, the U.S. Treasury department has criticized the Brussels-based body for “threatening international agreements on tax reform,” and warned that a decision against ...
Emerging-Market Assets Rally on Yield Hunt Before Yellen Speech
August 25th, 2016
‘The market is back to the search for yield,’ CBA’s Ji says Emerging-market currency volatility touches eight-week high Emerging-market currencies and stocks rose as investors sought out higher-yielding assets before a speech by Federal Reserve Chair Janet Yellen which ...
Asian stocks slip on profit-taking; oil falls
August 24th, 2016
Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take profits, while oil prices slipped after a surprise jump in U.S. ...
Bitcoin to withdraw from Turkey, due to failure to find bank to collaborate with
August 23rd, 2016
The electronic currency Bitcoin (BTC) has halted TL deposits into BTCTürk, which gives investors the opportunity to conduct transactions with TL/BTC conversion. After Paypal’s decision to pull out of Turkey, which resulted from failing to acquire the necessary permits, the ...
Accounting whistleblower turns down multi-million reward
August 22nd, 2016
A whistleblower whose information helped reveal false accounting at Deutsche Bank has turned down a huge financial reward from the Securities and Exchange Commission in protest of failure to punish wrong-doing executives at the bank. Eric Ben-Artzi, a former Deutsche risk ...
Robots predicted to make major savings for legal departments
August 22nd, 2016
The next decade will see robots and artifical intelligence become key drivers in the delivery of legal services, research conducted for the GC Futures Summit has revealed. Legal departments will increasingly rely on technology and the advances of AI ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Yen’s World-Beating Surge to 100 Has Traders in Buy-on-Dip Mode
August 19th, 2016
Dollar will lack trend until Fed keeps raising rates: Shinkin Options show traders remain bullish on Japanese currency Any lull in the yen’s rally past 100 per dollar is being seen as a buying opportunity for Japanese investors who ...
