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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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China’s FX Regulator Reviewing Overseas Deals Of Chinese Companies

China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE) is reportedly looking into the practice followed by large dealmakers in China who are using their domestic assets to obtain overseas loans. According to sources, SAFE has initiated a

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Bitcoin Heading For A Split Amid Disagreements Over Its Future

There are reports of a development that could have significant implications for the crypto currency community, Bitcoin is heading for a split with a new currency being formed called ‘Bitcoin Cash‘. The move has been largely the result of a

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China’s FX Regulator Reprimands Nine Banks For Irregularities

The foreign exchange regulator in China has taken the rare step of penalizing banks for irregularities related to cross-currency transactions. According to an official statement, these banks were negligent in monitoring transactions that involved movement of capital offshore. The State

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UK Regulator Signals Death Knell For Libor By 2021

The much-maligned Libor benchmark lending rate is set to be phased out by end of 2021 according to a UK regulator. Andrew Bailey, head of the Financial Conduct Authority (FCA) said that the London Interbank Offered Rate (Libor) will cease

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SEC Indicate Digital Coin Offerings Subject To Securities Law

The U.S. Securities and Exchange Commission (SEC) has determined that the country's securities regulations would be applicable in case of initial coin offerings (ICO) which is a form of new digital coins issuance. The agency said in a statement that

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New Survey Shows That 400,000 Elderly Scots Targeted By Scammers

A recent survey conducted among the elderly in Scotland has revealed that more than 400,000 elderly people have been targeted by scammers. We also reported in May, Cifas released a report showing the number of UK Bank accounts which were

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IMF Cuts 2017 Growth Forecasts For The U.K

The International Monetary Fund (IMF) has slashed its forecast for Britain’s economy citing slowing economic growth and the uncertainty arising from Brexit. The IMF has forecasted a growth of 1.7 percent this year for the UK, which is a drop

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