The Trump Administration issued two executive orders last week giving US companies 45 days’ notice to stop dealing with TikTok and WeChat, a Chinese messaging platform owned by Tencent. Trump alleges that the Chinese government has access to user data collected through the TikTok app. Trump said: It can’t be controlled, for security reasons, by…
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What to watch Barrick Gold: While the price of gold has soared from $1,500 an ounce at the start of the year to more than $2,000 now, many gold miners have ridden that wave to even greater heights, as the higher price greatly expands the profit margins they are able to generate. Barrick Gold, a…
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Many foreign banks reportedly started to preemptively refuse accounts of senior Hong Kong officials as early as the end of July. Local politician Bernard Chan, part of the cabinet that Hong Kong’s chief executive Carrie Lam said US banked closed his accounts. Closing of accounts is the first step of banks’ compliance with the US…
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DXtrade offers many of the benefits available from existing bespoke platforms, but with the efficiency of an off-the-shelf platform. It allows for full customisability, with brokers being able to determine everything from the layout and set-up, including the back-end configurations and user interface. FXCM Pro will now provide multi-asset liquidity to retail brokers utilising DXtrade.…
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The ASIC also announced cancelling the Australian financial services (AFS) licence of Global Merces Funds Management Limited. The reason for the cancellation is that Global Merces is in liquidation. The license of the company was previously suspended after the company got external administrator appointed in January. Read More: Former CFS Private Wealth financial adviser sentenced…
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EUROPEAN SHARES European shares are trading higher on Monday as hopes of a US stimulus package and strong macro data from China provided a fresh boost to bullish sentiment. Even if the recent battle between Republicans and Democrats over the new stimulus package scared some investors last week, the four new executive orders recently signed…
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Eurex Repo posted 8.7% MoM decline in GC Pooling, however Repo markets grew by 0.1% MoM. At the EEX, electricity went down 9.4% MoM for July 2020, gas dropped 12.3%, however emissions trading grew 21.3%. Jul-20 Jun-20 Change Financial derivatives: Traded contracts Eurex Exchange European equity index derivatives (million) 60.3 111.8 -46.06% European interest rate…
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The New Zealand watchdog found that representatives of TFR Global offer private investment in Merlin Biotechnologies to New Zealand residents. TFR Global and Merlin Biotechnologies are not incorporated companies or registered financial service providers in New Zealand and they are therefore not permitted to provide financial services/products in the country. TFR Global claim they are regulated by Investment…
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Since the Wirecard scandal blew up six weeks ago, CEO Markus Braun and other executives have been arrested. The company’s second in command and believed to be the mastermind behind the scandal Jan Marsalek, however, is still missing. He was thought to be hiding in the Philippines until recently but was discovered that immigration data…
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The Gallant Exchange’s platform is designed to support the trading of Athlete Coins (ACs), as well as the popular cryptocurrencies. Athlete Coins can be minted on the ERC20 protocol and traded on Gallant platform. Users can enter into trading competitions and contests for collectibles and memorabilia of the respective athlete as a coin holder. Gallant…
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