Search Results for: china
Former Goldman Sachs trader refuses to return stolen trade secrets
December 19th, 2016
A former Goldman Sachs banker who stole his employer’s trade secrets has ignored an order to surrender them, in order to cash in on profits after his release from prison, a London court was told. Jurors at Southwark Crown ...
A Baht-Yuan cross-currency settlement system using blockchain technology
December 19th, 2016
KASIKORNBANK, in cooperation with International Business Settlement Co., Ltd. (IBS), a Chinese FinTech giant, has developed a real-time Sino-Thai settlement system based on the Next Generation Settlement Network (NGSN) which helps save time and costs while providing the utmost ...
Dollar Extends Loss Amid Drone Concern, Oil Rises for Second Day
December 19th, 2016
China seized U.S. drone in international waters in Asia Japan shares fall for first time in three days as yen gains The dollar retreated versus most major peers, as heightened geopolitical tensions over China’s seizure of a U.S. naval ...
Singaporean court convicts private banker in 1MDB money laundering case
December 16th, 2016
Yvonne Seah Yew Foong, a former BSI SA private banker, became the second person to be convicted in Singapore’s probe into alleged money laundering linked to 1Malaysia Development Bhd. Judge Salina Ishak found Seah guilty of three charges in ...
Dollar Climbs to Strongest Since 2003 on Fed Path; Bonds Drop
December 16th, 2016
‘It feels like going long dollar is free money, no one loses’ Asian index futures diverge as yen drives haven-asset retreat The dollar rallied to its strongest level since 2003 against the euro, while gold plunged as the prospect ...
The Legal Industry Is Still On Life Support
December 15th, 2016
Perhaps it’s a bit much to say a multi-billion-dollar industry handing out fat bonuses is on life support, but it’s equally important not to let appearances deceive you. The legal industry (and we’re talking specifically about law firms… not ...
BDO reports Global revenues rise to US$7.6 billion
December 15th, 2016
FY16 global revenues up by 8% High number of strategic mergers – over 30 network-wide Commitment to digital transformation delivering leading-edge services to clients Growth spearheaded by BDO firms in US (+12%) and China (+13%) Long-term investment in ...
Oil prices stable, supported as output cuts hit market
December 13th, 2016
Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with years of oversupply. International ...
Shanghai stocks extended their worst losses in six months and the dollar’s rally faltered
December 13th, 2016
U.S. oil hovers below $53 a barrel after OPEC-fueled advance Shanghai share index declines as sovereign yield keeps rising Shanghai stocks extended their worst losses in six months and the dollar’s rally faltered as investors weigh the impact of ...
Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold
December 10th, 2016
Euro Devaluation Accelerates – Millions Of Europeans Wishing They’d Bought Gold ECB Chairman Mario Draghi’s announcement of bigger and better QE this morning should have surprised no one. The fact is that the eurozone is coming apart at the ...
