This article was written by Luis Aureliano, a business writer and financial analyst. With over 15 years of experience in global finance and an MBA in economics and management, Luis’s areas of expertise include business, marketing, communications, personal finance, macro economics, stocks and emerging markets. Crude Oil has been suffering from a supply glut that…
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On 31 January 2017, the Administrative Appeals Tribunal (AAT) affirmed ASIC's decision to suspend the Australian financial services (AFS) licence held by MASU Financial Management Pty Ltd (MASU) for a period of eight weeks. ASIC's decision ASIC made a decision to suspend MASU's AFS licence for 8 weeks on 26 April 2016 following concerns that…
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Derivatives marketplace operator CME Group Inc (NASDAQ:CME) has announced that it has declared a first-quarter dividend of $0.66 per share, a 10 percent increase from the prior rate of $0.60 per share. The dividend is payable March 27, 2017, to shareholders of record as of March 10, 2017. The increase comes several days after CME Group reported…
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LeapRate Exclusive… LeapRate has learned from regulatory filings that binary options brokerage group EZTD Inc (OTCMKTS:EZTD) has received the second tranche of a $3 million equity investment made in the company by alternative investment firm Yorkville Advisors Global, LLC. The second tranche consisted of $2.2 million. We had reported on the first $800,000 tranche invested in EZTrader…
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Hotspot, the institutional FX market owned and operated by Bats Global Markets Inc (Bats: BATS), today announced expansions to its global sales team including the promotions of Benjamin Leit to Head of Sales, Europe, and Jonathan Watras, to Head of Sales, Asia-Pacific. Mr. Leit, currently based in New York as a Director of Sales, joined…
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UK financial regulator Financial Conduct Authority (FCA) has issued its latest warning against an unregulated financial services provider targeting UK consumers. The FCA’s latest warning is against the firm Donaldson Findlay. Donaldson Findlay is not authorised by the FCA but has been targeting people in the UK and is also carrying on regulated activities which…
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New Gold Inc. (NYSE MKT:NGD) just announced that has entered into a binding letter agreement with Goldcorp Inc. (NYSE:GG) to sell the company's gold stream on the El Morro project to Goldcorp for $65 million cash. The transaction will provide New Gold with additional liquidity as the company advances the construction of its Rainy River…
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Following our earlier report that New York based retail forex broker FXCM Inc (NASDAQ:FXCM) had been banned from the US market (alongside bans for CEO Drew Niv and co-founder William Adhout) after FXCM settled allegations of defrauding customers regarding its market making activities, FXCM has put out a statement confirming the settlement with US regulators CFTC…
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Ordinary shares of Public Joint Stock Company Detsky mir will begin trading on Moscow Exchange on 10 February 2017. The security has been admitted to the top Level 1 List. The key parameters of the security are described in the table below: Security Ordinary share Company name Public Joint Stock Company Detsky mir Type Ordinary…
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The Financial Conduct Authority (FCA) has published a Discussion Paper which seeks stakeholder views on the practice of investing in illiquid assets through open-ended funds and the challenges that can pose to managers and investors. Illiquid assets in the context of this Paper may include land and buildings, infrastructure and financial assets such as unlisted securities.…
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