Japan
March 23, 2020 BY Steffy Bogdanova

Japan considers spending ¥30 trillion to counter coronavirus impact

During the 2008 global financial crisis, caused by the implosion of US housing market, Japan released packages for over ¥15 trillion to combat the financial crisis. Liberal Democratic Party policy chief Fumio Kishida said: We need more drastic measures. Policy chief at Komeito, the LDP’s coalition partner, Noritoshi Ishida suggested granting fixed amount without setting…

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March 23, 2020 BY Steffy Bogdanova

Deutsche Börse launches TAIFEX data product to market data offering

Alireza Dorfard, Head of Data Services at Deutsche Börse commented: The product launch marks another milestone in the successful market data partnership between Deutsche Börse and TAIFEX. Under the partnership, which has been in place since 2016, Deutsche Börse acts as licensor of TAIFEX market data to all international clients. Clients can conveniently access data…

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Goldman Sacks supports money market funds with $1 billion
March 23, 2020 BY Steffy Bogdanova

Goldman Sachs spends $1 billion to support money market funds

The assistance came as an extraordinary move in the staid money-market fund industry after another week of volatile markets. Goldman’s plans were disclosed to the US Securities and Exchange Commission last Friday. Investors in the US withdrew tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt. Usually, the are tame…

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fca warning
March 20, 2020 BY Steffy Bogdanova

New companies and clone firms added to FCA warning list

CCX Markets/ Online Media Solutions LTD Address: 3 Cavendish Row, Dublin 1 D01A2T5, Ireland and Suite 305, Griffith Corporate Centre P.O. Box 1510, Beachmont Kingstown, St. Vincent and Grenadines Telephone: +442038077885 Email: [email protected] and [email protected] Website: https://www.ccxmarkets.com Trafalgar Group (clone of UK registered public company) Telephone: 08708200071; 0845528061; 07469889888; +13232757293; +79670963187; +74996851810 Email: [email protected]; [email protected]

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March 20, 2020 BY Steffy Bogdanova

UK & US firms predict recession in 2020

In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…

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ASIC suspends AFS license
March 20, 2020 BY Steffy Bogdanova

ASIC suspends Longhou Capital Markets Pty Ltd's AFS licence

Until 13 March, Longhou  has 18 representatives with authorization, providing financial services on the company's behalf. The suspension of Longhou 's AFS licence means that the representatives must immediately cease providing financial services Read More: ASIC releases new regulation for foreign financial services providers ASIC takes steps to ensure stability of Australian equity market ASIC cancels RVM Capital’s…

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regulations
March 20, 2020 BY Steffy Bogdanova

EU financial regulators protect the market by banning short selling

On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…

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