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Hong Kong & Dubai Regulators Agree Fintech Collaboration

Hong Kong’s securities regulator has partnered with its counterpart in Dubai to support the development and use of financial technology (fintech). The Hong Kong Securities and Futures Commission (SFC) announced earlier this week that it had entered into a formal

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Chinese Restrictions On Foreign Investments To Affect Australia

The recent crackdown on foreign real estate investments by the Chinese government is likely impact several countries including Australia. China's State Council issued sector specific restrictions last week on overseas investments where property investments in foreign countries have been classified

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India Risks Getting Rapped By The US Over Currency Manipulation

Financial analysts have warned that sustained intervention by India’s central bank in the foreign exchange market could result in the United States deeming India as a currency manipulator. The United States issues a semi-annual report to the Congress on International

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Provident Financial Sees £1.7bn Wipeout After Second Warning

British sub-prime lender Provident Financial has plunged into a crisis after a series of setbacks. The FTSE 100 company which offers loans to people who are cash strapped has issued its second profit warning in two months. The company said

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Enigma Cryptocurrency Hacked & $500k In Ethereum Stolen

Enigma, a cryptocurrency investor platform suffered after being hacked on August 21. The online platform was compromised and resulted in nearly $500,000 of its virtual currency Ethereum being stolen. The heist occurred as the marketplace was planning for its first

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China Restricts Overseas Investments By Domestic Companies

China has rolled out new regulations restricting property investments overseas as it continues with its campaign of stemming the outward flow of capital. The measure is part of a new policy that comprises wide ranging restrictions on overseas investments. This

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Indian Banks Continue To Reel With Highest NPAs Recorded

The continued growth of bad loans in the Indian banking industry is alarming observers. According to the latest data released by Care Ratings, total bad loans held by 38 listed commercial banks has crossed Rs 8 lakh crore at the

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Japanese Market Shows Up Strong With Robust Q2 GDP Results

The Japanese market has recorded a surprisingly strong second-quarter gross domestic product (GDP) performance which has put the country at the top of growth charts comprising Group of Seven (G-7) economies. Recording an annualized growth of 4 percent for the

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SEBI Initiates Action Against Suspected Shell Companies In India

India’s securities regulator, the Securities and Exchange Board of India (Sebi) has asked the country’s stock exchanges to start action against 331 listed units suspected to be shell companies. Sebi’s circular has also ruled that the companies would not be

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Financial Institutions Looking To Amsterdam For EU Access

Amsterdam, the capital of Netherlands is emerging as one of the European cities likely to benefit from the Brexit-triggered hunt for a new base to serve the EU market. Paris and Frankfurt are other options for banks and financial institutions

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