Search Results for: US
Expedia to accept Bitcoin payments for hotel bookings
June 12th, 2014
One of the world’s largest online travel agencies, Expedia, has become the latest company to accept Bitcoin transactions as a form of payment. The firm will initially accept the virtual currency for hotel bookings only, and is currently restricting ...
Levine on Wall Street: Revenue Models
June 12th, 2014
Is Uber’s valuation reasonable? Aswath Damodaran thinks no, Andrew Ross Sorkin thinks yes, but two data points from Henry Blodget that may or may not be true are that its revenue (1) is now $2 billion a year and ...
FCA warning against unauthorised firms
June 12th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: BBC Debts.com ZoomPayday (www.zoompayday.co.uk) Seth Cohen LLP (www.sethcohen.us) ...
RBNZ raises OCR to 3.25 percent
June 12th, 2014
The Reserve Bank of New Zealand (RBNZ) has issued a press release informing that it has increased the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. New Zealand’s economic expansion has considerable momentum, with GDP estimated ...
FASB Seeks to Simplify Accounting Rules
June 12th, 2014
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new rules for development-stage entities. FASB recently decided based on constituent ...
CySec: acquisition of Administrative Services Providers (ASP) licence
June 12th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Providers (ASP): Investcor Corporate Ltd Alter Domus (Cyprus) Limited Therefore, ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
Asian Stocks Retreat From Six-Year High as Kiwi Advances
June 12th, 2014
Asian stocks fell, with the regional benchmark index retreating from its highest close in six years, after U.S. stocks dropped by the most in three weeks. Euronext delayed the opening of cash markets due to a “critical issue” while ...
PCAOB Cracks Down on Fraud
June 12th, 2014
A new PCAOB standard will require auditors to probe more deeply into related-party deals, unusual transactions and executive pay. Citing “decades of financial reporting frauds,” the Public Company Accounting Oversight Board yesterday issued new rules aimed at tightening auditor ...
Crédit Agricole (CIB) Selects Solace Systems Messaging Appliances for Next Generation eTrading Platform
June 11th, 2014
Solace Systems announced that Crédit Agricole Corporate and Investment Bank (CIB), has decided to implement Solace messaging appliances as the data distribution backbone as part of its continuous investment in low latency electronic trading in FX, Rates and Bonds. ...
