The head of the International Monetary Fund (IMF), Christine Lagarde, must stand trial in France over a payment of €403 million (now £340m, then £290m) to tycoon Bernard Tapie. Mr Tapie, a former French football team owner, won €403 million in 2008 in a case against the French public bank Crédit Lyonnais, after he said…
Read moreHong 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…
Read moreEnterprise software, hardware and services corporation Lexmark International, Inc. (NYSE: LXK) has announced that its shareholders have approved the definitive merger agreement under which Lexmark is to be acquired by a consortium of investors led by Apex Technology Co., Ltd. and PAG Asia Capital and including Legend Capital Management Co., Ltd. Upon completion of the transaction,…
Read moreLeapRate Exclusive... Last time we shared Spreadex annual report was 2015 and the comment was that the year was good for the shareholders of Spreadex.com. Well, since we're about to share their latest report, this year good should be replaced with great. UK sports and financial spreadbetting company Spreadex Limited, which has a May 31 financial year end,…
Read moreThe European Central Bank (ECB) has decided to leave rates unchanged despite worries about how Brexit will affect the economy. The broad-based major European markets closed mixed on Thursday. The Japanese yen surged by over 1% right after the BBC showed a recorded video in which the BOJ’s governor Kuroda said there is no need…
Read moreMarkets operator and provider of post trade risk mitigation and information services ICAP plc (LON:IAP) has just published its electronic markets metrics for June 2016 and showed significant 10% rise in YoY US Treasury volumes. A bit lower, but still 9% jump in US Repo, and up 3% in EBS Volumes. European Repo YoY per…
Read moreOn Thursday July 21, 2016 meeting, the Moscow Exchange (ticker MOEX) Supervisory Board appointed Anna Kuznetsova, Managing Director of MOEX's Equity & Bond Market and Igor Marich, Managing Director of MOEX's FX and Money Markets to be members of the Executive Board for two years. These appointments increase the number of members of the Executive…
Read moreHiWayFX has recently launched HiWayFX Analytics, an innovative application that provides traders with a range of valuable features, from live currency news and key financial events to in-depth market analysis. The brand new app aggregates the latest analytical studies conducted by the leading specialists of Claws & Horns. Key benefits of the HiWayFX Analytics app…
Read moreFollowing an ASIC application, the Federal Court in Perth has made asset preservation orders, by consent, against Ms Jane Rosemary Flegg, a Western Australia-based company secretary of ASX-listed company Continental Coal Limited (now in liquidation). ASIC obtained these orders in connection with its ongoing investigation into matters including the use of investors' subscription money at…
Read moreAt its meeting on July 21, 2016, Moscow Exchange’s Supervisory Board resolved to call an Extraordinary General Meeting of Shareholders (EGM) to address the question of corporate restructuring of PJSC Moscow Exchange. The EGM will be asked to approve consolidation by PJSC Moscow Exchange of its 100%-owned subsidiaries CJSC MICEX Stock Exchange and MB Technologies…
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