Search Results for: Vest Financial
Dollar buoyant against yen, pound hits 1-year high on inflation jump
September 13th, 2017
The dollar was buoyant against the yen on Wednesday, although it was capped against the euro with a potentially supportive spike in U.S. yields neutralised by a similar move by their German counterparts. Dollar/yen extends rally, hits 12-day high ...
China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades
September 11th, 2017
China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading ...
Cryptocurrency Transactions Could Surpass $1 Trillion This Year
September 6th, 2017
The value of cryptocurrency transactions is forecast to surpass $1 trillion this year, which is 15 times the level reached in 2016. That’s according to a new study from Juniper Research called The Future of Blockchain: Key Vertical Opportunities ...
EY announced global revenues of US$31.4b
September 6th, 2017
EY announces combined global revenues of US$31.4b for the financial year ended 30 June 2017. Overall, financial year (FY) 2017 revenue grew by 7.8% in local currency (versus FY16). All EY service lines delivered strong growth in FY17: Assurance ...
Moscow Exchange launches FX fixing instruments
September 6th, 2017
From 4 September 2017, Moscow Exchange has offered instruments to trade at the MOEX FX USD/RUB and EUR/RUB fixing prices with clearing and settlement via its clearinghouse, NCC Clearing Bank. Russian banks including subsidiaries of large global financial groups ...
China’s Central Bank Is Banning Initial Coin Offerings
September 5th, 2017
Initial coin offerings, or ICOs, are the hot fundraising tactic of the year, giving startups—usually cryptocurrency-related ones—the chance to get funded in exchange for virtual coins rather than company shares. But China isn’t hopping on board. On Monday, the ...
Former Tesco executives set to appear in court on fraud charges
September 4th, 2017
Three former Tesco executives will appear in court, charged with fraud relating to the supermarket’s 2014 accounting scandal. The three men were charged by the Serious Fraud Office (SFO) last September, and pleaded not guilty to the charges at ...
See no evil, speak no evil…
September 1st, 2017
The Jackson Hole speeches of Janet Yellen and Mario Draghi last week were notable for the omission of any comment about the burning issues of the day: …where do the Fed and the ECB respectively think America and the ...
Burger King launches own cryptocurrency in Russia
September 1st, 2017
Customers will be able to claim one virtual coin for every rouble (1.3p) they spend and once they have accumulated 1,700 WhopperCoins, they will be able to buy the eponymous Whopper. Burger King will be launching accompanying Apple and ...
Several big banks are teaming up for a new digital currency
August 31st, 2017
Six of the world’s biggest banks have joined a project to create a new digital currency, the Financial Times reported Thursday. The crytocurrency will be used for clearing and settling transactions over blockchain. Barclays, Credit Suisse, Canadian Imperial Bank ...
