Search Results for: US authorities
Hanjin takes legal steps to prevent ship seizures as more vessels blocked
September 5th, 2016
South Korea’s Hanjin Shipping plans to take legal action in jurisdictions worldwide to prevent its vessels being seized, as more of its ships were blocked from docking at ports in the wake of its collapse. As of Monday, 79 Hanjin ships ...
SWIFT Discloses More Cyber Thefts
August 31st, 2016
SWIFT, the global financial messaging system, on Tuesday disclosed new hacking attacks on its member banks as it pressured them to comply with security procedures instituted after February’s high-profile $81 million heist at Bangladesh Bank. In a private letter ...
European recognition of FMA oversight of auditors
August 30th, 2016
The European Commission has announced its recognition of the New Zealand audit oversight regime as equivalent to EU standards, permitting NZ-regulated auditors to operate in the European Union. With this announcement, the Commission has concluded that the New Zealand ...
Baidu Freezes Bitcoin related promotions
August 29th, 2016
China’s leading search engine Baidu has halted—sans any warning—all bitcoin and digital currency-related advertising on its network. Chinese media outlet CnLedger broke the news on Friday, with a tweet that said Baidu “has stopped all virtual coin related keyword advertising (paid search), including bitcoin.” Local bitcoin exchanges ...
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 ...
Cashpoint merger faces in-depth investigation
August 23rd, 2016
Diebold and Wincor face an in-depth merger investigation by the CMA unless the companies offer undertakings to address competition concerns. Diebold, Incorporated (Diebold) and Wincor Nixdorf AG (Wincor) both supply ATMs (cashpoints) to banks and independent ATM deployers. The ...
Citi Sees Yen at 95 Per Dollar as Intervention Fears Recede
August 22nd, 2016
Yen strengthened beyond 100 last week for second time in 2016 ‘There’s not a great deal of fear’ of intervention, Elmer says The yen will probably climb to a three-year high of 95 over the next month as Japan ...
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 ...
Dollar edges up, but on track for weekly loss
August 19th, 2016
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry ...
