Search Results for: sec
Emerging Stocks Fall on China, Euro-Area Slowdown; Ruble Gains
November 20th, 2014
Emerging-market stocks fell as manufacturing gauges in China and Germany retreated, dimming the outlook for exporters. The ruble rose as Russian companies sought funds to meet their tax commitments. The MSCI Emerging Markets Index lost less than 0.1 percent ...
ASIC takes civil action against LM founder and former directors
November 20th, 2014
ASIC has started legal action against LM Investment Management Ltd (LMIM) founder, Peter Charles Drake, and former directors, seeking financial penalties and banning orders following the collapse of the Gold Coast-based fund manager. ASIC’s civil penalty proceedings in the ...
RBNZ releases Brighter Money designs
November 20th, 2014
New Zealand’s banknotes are getting brighter and better, with the RBNZ today unveiling more vibrant and secure banknote designs which will progressively enter circulation later next year. The Bank today also launched a Brightermoney.co.nz website which contains basic information about the ...
ASIC shuts down unlicensed FX business and removes its director from the industry
November 20th, 2014
ASIC has taken action in the NSW Supreme Court to permanently shut down unlicensed foreign exchange (FX) business, Vault Market Pty Ltd (Vault Market), and to remove its sole director, Mr MD Anamul Amin, from the financial services industry. ...
Yahoo to replace Google as default search engine on Firefox in US
November 20th, 2014
Yahoo will replace Google as the default search engine on the Firefox web browser in the US, signalling Yahoo’s resolve to regain some of the ground that it has lost in the most lucrative part of the internet’s ad market. The ...
FCA fines RBS, NatWest and Ulster Bank Ltd £42 million for IT failures
November 20th, 2014
The FCA has taken this action against the Banks for failing to put in place resilient IT systems which could withstand, or minimise the risk of, IT failures. The actual cause of the IT incident was a software compatibility ...
Islamic finance body AAOIFI to revise four standards, eyes sukuk
November 20th, 2014
The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) will revise four of its standards in the first half of next year while expanding its guidance for Islamic bonds, the industry body said. Earlier this month, AAOIFI issued ...
Gold Holds Drop Below $1,200 as Dollar Strengthens, SPDR Shrinks
November 20th, 2014
Gold held losses below $1,200 an ounce as a gauge of the dollar traded near the highest level in five years on expectations that U.S. interest rates will rise and assets in the largest exchange-traded product shrank. Bullion for immediate delivery ...
BNP Baribas: Another blow for France’s beleaguered bank
November 20th, 2014
Just months after paying a $9 billion fine to the American authorities for violating sanctions against Cuba, Iran and Sudan, BNP Paribas is back in the gunsights. France’s national financial prosecutor is looking into allegations that senior figures at ...
Yen Falls to Seven-Year Low on Election Outlook as Won Drops
November 20th, 2014
The yen declined to a seven-year low versus the dollar amid speculation Prime Minister Shinzo Abe will win elections and extend his economic stimulus program. Japan’s currency dropped against all except one of its 16 major counterparts. A gauge ...