August 11, 2016 BY Valentina Kirilova

Alibaba's revenue beat estimates with an increase of 59% YoY

Alibaba Group Holding Limited (NYSE: BABA) has announced its financial results for the quarter ended June 30, 2016 and they are better than ever. What were the highlights this time: Revenue was RMB32,154 million (US$4,838 million), an increase of 59% year-over-year. China retail marketplaces revenue was RMB23,383 million (US$3,518 million), an increase of 49% yearover-year; and…

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August 11, 2016 BY Valentina Kirilova

Bitcoin's Jered Kenna partners with TradeZero to create the first digital currency dark pool trading

Bitcoin pioneer Jered Kenna has teamed up with online broker dealer TradeZero to create the world's first dark pool exchange for Bitcoin and hopefully other digital currencies. Dark pools are the name given to private exchanges or forums for trading securities, which facilitate very large orders without impacting the market and creating adverse price movements. The…

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August 11, 2016 BY Valentina Kirilova

Raphaels Bank to join Faster Payments

Raphaels Bank is to begin offering Faster Payments services to UK fintech companies as it becomes the first new bank to connect directly to the scheme since its inception in 2008. The 230-year old bank is the 12th direct participant of the Faster Payments Scheme, which is creating new access arrangements to open up the…

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August 11, 2016 BY Valentina Kirilova

SGX welcomes the world’s first green corporate Masala bond

Singapore Exchange (SGX) has listed the world’s first green corporate Masala bond from NTPC Limited (NTPC), India’s largest energy conglomerate. NTPC raised Rs. 20 billion (USD 300 million) from issuance of this five-year green bond with a coupon rate of 7.375% per annum. Established in 1975, NTPC is India’s largest power utility with an installed capacity…

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August 11, 2016 BY Valentina Kirilova

Hong Kong SFC adds Kelly & Gomez Holdings to its alert list

Hong Kong’s financial regulator the Securities and Futures Commission (SFC) has updated its Alert List, which features the names of businesses that are unlicensed in Hong Kong and are believed to be, or to have been, targeting Hong Kong investors or claim to have an association with Hong Kong. Added to the SFC Alert List…

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August 11, 2016 BY Valentina Kirilova

ASIC disqualifies company director from managing corporations

ASIC has disqualified Mr Christopher Moylan, of New Lambton, New South Wales, from managing corporations for four years. The disqualification follows ASIC's investigation into Mr Moylan's roles in Moylan Business Solutions Pty Ltd (MBS), MCD Holdings Pty Ltd (MCD), Moylan Investment Group Pty Ltd (MIG), Wallalong Investments Pty Ltd, Decrawood Pty Ltd and Moylan Business…

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August 11, 2016 BY Valentina Kirilova

AAT affirms permanent banning of financial adviser by ASIC

The Administrative Appeals Tribunal (AAT) has upheld ASIC's decision to permanently ban former credit representative, Shiv Sahay from providing financial services and engaging in credit activity. On October 22, 2015, Mr Sahay applied to the AAT for a review of ASIC’s decision. On August 9, 2016, the AAT decided the permanent bans imposed by ASIC…

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