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FinTech Industry Now Higher On U.S. Government Radar
The rapid growth of the FinTech industry in the past few years has largely escaped extensive regulation. However U.S. administration and regulatory agencies are looking to increase their scrutiny of the industry, with a number of officials now being dedicated
Read MoreEuro to weaken on decline in business sentiment
The US dollar is once again gaining strength against most of the major currencies, as the market speculates on a Fed rate hike in June. Naturally, the Euro, which moves in the opposite direction to the US dollar, is the
Read MoreFDI Into Scotland Soars To Its Highest Ever Level In 2015
Scotland saw an increase of 51 percent in the number of foreign direct investment (FDI) projects secured by it in 2015 according to latest results from the Ernst & Young Scotland Attractiveness Survey. A total of 119 projects were secured
Read MoreBloomberg Voices Concerns Over Possible Damage From Brexit
Former New York mayor and billionaire Michael Bloomberg has warned that Britain’s economy would be harmed should the UK exit the European Union (EU). The billionaire made it clear that he was not preaching to the British voters but since
Read MoreHargreaves Lansdown Results Show Brexit Fears
The UK financial services group Hargreaves Lansdown has warned that investor confidence in the U.K has declined as a result of the uncertainty over the Brexit. The referendum in Britain is scheduled to be held in June this year and
Read MoreMexican Peso to strengthen on strong GDP growth forecast
Beginning the last week of April, we were repeatedly (pls., go through our reports on GBPCAD and GBPDKK pairs) saying that Pound would spike at any time considering the high Brexit risk premium and oversold scenario. We had given a
Read MoreCypress beat Q1 earnings estimates, turns bullish
Silicon chip manufacturer Cypress Semiconductor Corporation (CY) announced fiscal 2016 first-quarter earnings of $0.07 per share, which beat analysts’ estimates by a cent. Following the company’s merger with Spansion, Inc. last year, the y-o- y revenue has more than doubled.
Read MoreYen Drops As Japan Continues to Keep Its Options Open
The yen weakened ahead of the scheduled Group of Seven (G7) meeting that Japan is hosting even as the country reiterated its willingness to intervene to manage the yen’s steady strengthening over the past few months. Vice finance minister for
Read MorePound to gain from limited unwinding of Brexit premium
The Pound lost almost 17% against the Danish Krone in the past six months. Well, it does not need a high level of economic intelligence to guess the reason for the decline. Brexit, which has now become a lingua Franca
Read MoreUK’s FCA Defends Its Expensive Insider Trading Probe
The Financial Conduct Authority (FCA), the security regulator in the U.K has defended its expensive long-running probe into insider trading investigations on the basis of its conviction record. Two senior finance professionals were convicted earlier this week of insider trading
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