May 29, 2017 BY FIBO Group

Opec won't help oil price

Published on 29.05.2017 21:46 The oil price is under further pressure today, following on from last week’s steep decline as the market remains uncertain how effective Opec’s and Non Opec countries such as Russia extended production cuts will be in boosting the price. There have been problems right from the start with two countries that…

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May 29, 2017 BY FIBO Group

Pound settles after big losses

Published on 29.05.2017 21:18 The pound has made a slight recovery today after suffering its biggest loss since January, on the back of election polls released showed the forthcoming elections to be held in the UK will be much closer than earlier predicted. At 7.05pm(GMT) the British currency was trading at $1.2841 up from $1.2795…

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May 29, 2017 BY admin

Kazakhstan's new financial exchange to be powered by Nasdaq

Nasdaq Inc (NASDAQ: NDAQ) and Astana International Financial Centre JSC (AIFC) today announced a new, significant agreement. Nasdaq has been selected to power Kazakhstan’s nascent stock exchange, the AIFC Exchange. The exchange is targeted to launch in late-2017 and will initially trade equities and fixed income with other asset classes for future phases. Within the…

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cnmv spain forex regulation
May 29, 2017 BY Valentina Kirilova

Spanish regulator CNMV warns against Binary Options Robot and IAlphaGroup

The National Securities Market Commission (CNMV) has issued warnings on the following entities: BINARY OPTIONS ROBOT, operating at www.binaryoptionrobot.com and  www.binaryoptionsrobot.com, and IAlphaGroup, operating at www.ialphagroup.com. According to CNMV records, these institutions are not registered in the corresponding registry of this Commission and, therefore, are not authorized to provide investment services. CNMV warnings on unauthorized…

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May 29, 2017 BY Valentina Kirilova

Six new BNP Paribas ETCs on industrial metals launched on Xetra

ETCs track futures contracts on aluminium, lead, copper, nickel, zinc and tin Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Monday. The new ETCs enable investors to participate in the performance of futures contracts on individual industrial metals. Futures contracts represent…

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May 29, 2017 BY Valentina Kirilova

Securities Commission Malaysia charges former substantial shareholder of Maxbiz for insider trading

Securities Commission Malaysia (SC) today announced that has charged a former substantial shareholder of Maxbiz Corporation Bhd, Datuk Andrew Leong Wye Keong, with four counts of insider trading. Andrew Leong was charged under section 188(2)(a) of the Capital Markets and Services Act 2007 (CMSA) for disposing 2,131,400 units of Maxbiz shares in his son’s account…

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How would the FCA use the temporary transitional power or what firms and other regulated persons to do now
May 29, 2017 BY LeapRate Staff

Britain’s Elections a radar on coming to terms with Brexit

The following article was written by Adinah Brown, content manager at Leverate. Britain’s relationship with the EU, if nothing else is turning out to be the most speculated break-up of the 21st century, whose unraveling drama is rivaling some of the best midday television’s romantic sagas. It all follows the typical narrative; the EU courts…

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May 29, 2017 BY Valentina Kirilova

DIFC announces enactment of electronic transactions law 2017

Dubai International Financial Centre Authority (DIFC Authority) has announced that His Highness Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler of Dubai, has enacted new Electronic Transactions Law, DIFC Law No. 2 of 2017 (Electronic Transactions Law). The enactment of the Electronic Transactions Law clarifies, for all purposes in the DIFC,…

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May 29, 2017 BY FxPro

Chinese, UK and US Holidays = Muted Markets

Markets are generally quiet as Markets in China, the UK and the US are closed for National Holidays. As a result, markets have seen overall subdued trading. The recent gains in Asian equities have pushed back; falling short of pushing towards new two-year highs. GBP is currently trading above 1.2830 as it moved off Friday’s…

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