August 04, 2016 BY Valentina Kirilova

Visa to launch financial education program for Olympic athletes

Visa Inc. (NYSE:V) has announced a global financial education program at the Rio 2016 Olympic Games that will help Olympic athletes take control of their financial futures. The program, developed in partnership with the International Olympic Committee (IOC), will help current athletes, and those nearing sports retirement, to access resources that can build their financial skills…

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August 04, 2016 BY Valentina Kirilova

Bank of England cuts rates to 0.25%

The focus for investors on Thursday was BoE's rate decision. UK interest rates have been cut from 0.5% to 0.25% and the Bank of England has reported that they could go even lower if the economy worsens. BoE has announced a range of measures to stimulate the UK economy, including a £100 billion scheme to…

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August 04, 2016 BY Valentina Kirilova

ASIC warns investors about Titantrade.com

ASIC is warning the public not to click on any advertising being marketed under the brand Titantrade, a website by which trading in binary options is being offered. The U.S. Commodity Futures Trading Commission’s (CFTC), the Ontario Securities Commission (OSC) and Italy's Consob have already warned against Titantrade binary options website. The public should avoid using the…

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August 04, 2016 BY Valentina Kirilova

FTSE 100 fluctuates, Bank of England in focus

UK stocks oscillated on Thursday, as investors wait to hear if the Bank of England (BoE) has decided to cut its key interest rate for the first time in 7 years in the aftermath of the Brexit vote. The FTSE 100 turned lower by 3 points to 6,631.15 after a slightly higher open. Financial, oil…

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August 04, 2016 BY LeapRate Staff

FXCM Revenues down 1% in Q2, still owes Leucadia $192.5 million

The quarterly financial reports of retail forex broker FXCM Inc (NYSE:FXCM) have been increasingly difficult to decipher. On paper, FXCM just reported a $60.5 million net profit for Q2 on revenues of $70.6 million. Which looks great. However a number of accounting charges mask what is really going on. The highlights from our standpoint are: Revenues…

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August 04, 2016 BY Valentina Kirilova

Tesla shares drop 6% this year, although vehicle orders rise 67%

Tesla Motors, Inc. (NASDAQ: TSLA) has reported a Q2 loss, way greater than analysts had forecast, as well as revenues that fell short of expectations. The electric-car maker's reported a second-quarter adjusted loss of $1.06 per share on $1.56 billion in sales. That's more than double the loss analysts, on average, were expecting. “How do…

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