Search Results for: dollar
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 ...
Foreign exchange trade suspension in Nigeria; Investors dump shares of Nigerian banks
August 25th, 2016
Investors sold shares in Nigerian banks on Wednesday, a day after the central bank suspended nine lenders from foreign exchange transactions for failing to remit money owed to the government. The central bank suspended FCMB, First Bank, United Bank ...
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 ...
Man Who Introduced Millions to Bitcoin Says Blockchain Is a Bust
August 22nd, 2016
‘Blockchains are a pain to work with,’ says Stefan Thomas Tweaks require consensus, which he says slows progress Stefan Thomas, who introduced millions of people to bitcoin, has had a change of heart. Blockchain, the ledger software that makes ...
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 ...
Baker & McKenzie announces global revenues of $2.62 billion
August 22nd, 2016
Revenues up 8% or 16% in constant currency Net profit grew by 14% or 22% in constant currency Profits per Equity Partner up 13% or 21% in constant currency 150 new partners Baker & McKenzie, the world’s premier global ...
