The UK Supreme Court ruled in a 8-3 vote that an act of Parliament is required in order for the May government to trigger 'Article 50' and formally begin the UK's withdrawal from the EU. The court effectively rejected the arguments put forth on behalf of Theresa May's government, which wanted to trigger Article 50…
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The Securities and Exchange Commission (SEC) announced fraud charges and an emergency asset freeze obtained against a businessman in South Carolina accused of siphoning funds he raised from investors for the purpose of purchasing or renovating senior housing facilities. The SEC alleges that Dwayne Edwards improperly commingled money from several different municipal bond offerings and…
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EnQuest PLC announced an agreement to acquire from BP an initial 25% interest in the Magnus oil field representing c.15.9 MMboe of additional net 2P reserves (gross reserves of 63.4 MMboe) with net production of 4.2 Mboe/d in 2016 (gross production 16.6 Mboe/d) as well as a 3.0% interest in the Sullom Voe oil terminal…
Read morePayments services and technologies provider SafeCharge International Group Ltd (LON:SCH) has announced that it recently completed a £4.29 million (USD $5.4 million) share buyback. On January 23, 2017, it purchased for treasury 2,200,000 ordinary shares at a price of 195 pence per share. SafeCharge has not announced a formal share buyback program, so it remains…
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Investment management giant Pacific Investment Management Co (PIMCO) has announced that Kimberley Stafford, Managing Director and current Global Head of PIMCO's Consultant Relations Group, has been named the new Head of Asia-Pacific. Ms. Stafford will assume her responsibilities immediately and will relocate to Hong Kong mid-year. She will report to PIMCO's Chief Executive Officer, Emmanuel…
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Online trading industry leading broker IG Group Holdings plc (LON:IGG) has reported its results for the first half of fiscal 2017, indicating record Revenues for the company. IG Group has a May 31 fiscal year end, so the period covered runs from June 1 to November 30, 2016. (Q2 results we refer to are for September…
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ASIC has today released a consultation paper proposing to consolidate and clarify Australia's market integrity rules. There are currently 14 market integrity rule books that set out obligations and prohibitions applying to activities and conduct on eight licensed financial markets. Collectively, these rule books amount to more than 1,300 pages of regulation, and a further…
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The Securities and Exchange Commission (SEC) announced an award of more than $7 million split among three whistleblowers who helped the SEC prosecute an investment scheme. One whistleblower provided information that was a primary impetus for the start of the SEC’s investigation. That whistleblower will receive more than $4 million. Two other whistleblowers jointly provided…
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Irvine, California based Match-Trade Technologies LLC, which provides customizable technology solutions for Forex brokers, has announced the opening of a new office in Warsaw, Poland to target business development opportunities for the European and Asian markets. Heading the new Match-Trade Warsaw office will be Michael Karczewski. He will have he title Head of Business Operations, with…
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LeapRate Exclusive... LeapRate has learned that online trading industry leader IG Group Holdings plc (LON:IGG) has instituted new policies with regards to Binary Options. Specifically, IG has decided to distance itself from the Binary Options product in most geographies around the world. IG has decided that it will no longer promote binary (and what it now…
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