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Moneylife Digital Team 22 May 2018
National Stock Exchange (NSE) has filed a case in Bombay High Court against Singapore Exchange (SGX) over its plan to launch derivative products based on Indian stocks. NSE is seeking an interim injunction on new products to be launched by SGX from June 2018.    In a release, SGX...

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Cryptocurrency marketplace Coinbase has shut the account of whistleblowing website WikiLeaks' Shop for allegedly violating its terms of service -- which means it cannot convert payments like bitcoin into conventional money.   According to a report on tech website Engadget, Coinbase...

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The Singapore Exchange (SGX) on Wednesday said it will list new India equity derivative products in June.   "The SGX will list new India equity derivative... to provide market participants with continuity and the ability to seamlessly transition their current India risk management...

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Twitter has confirmed that it will begin blocking cryptocurrency-related ads on the platfrom from Tuesday even as the micro-blogging site updated its policy relating to such advertisements.   "We are committed to ensuring the safety of the Twitter community. As such, we have added a...

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In after-hours trading on the eve of the US Independence Day, a stock market data error set major tech companies like Apple, Google and Amazon listed on the Nasdaq exchange to the same share price of $123.47 late on Monday, that saw Amazon going down 87% and Facebook game maker Zynga up a...

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 In yet another milestone, Apple's market capitalisation briefly soared past USD 800 billion threshold, making it the first company ever with such a mammoth valuation.   Apple's shares closed up 2.7 per cent for the day at $153.01 late on Monday, taking the company to a market value...

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Jesse Eisinger (ProPublica) 13 February 2017
Deutsche Bank is President Donald Trump’s largest lender. While the troubled bank has settled several of the charges against it, it’s still undergoing scrutiny by the Justice Department and other federal regulators, and is being overseen by six independent monitors, making conflicts of...

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An Indian-American man has been sentenced to 20 months in prison for a USD 1 million insider trading scheme involving the failed Apollo Tyres bid to takeover Cooper Tire, prosecutors said on Wednesday.   Amit Kanodia, 49, was sentenced in Boston by Federal Judge Nathaniel M. Gorton,...

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Moneylife Digital Team 15 July 2016
The ‘Magic Formula’ strategy of hedge fund manager and professor Joel Greenblatt is well known among serious investors. Joel Greenblatt is a value-styled manager of the investment firm Gotham Capital which has averaged 40% annual returns for over 20 years. The strategy outlined in the Little...

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 In a move to speed up the availability of internet-connected cars in India, WhatsApp Co-Founder Brian Acton with other global business leaders on Monday announced they will invest an undisclosed amount in Trak N Tell -- a Gurgaon-based car tracking telematics solutions...

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Asset managers have started their detachment from London following Britain’s historic vote to leave the European Union (EU), with fund companies finalising plans to reduce their reliance on the capital city.   M&G, Columbia Threadneedle, Legg Mason, Fidelity International and T Rowe...

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The year was 1991. India was on the verge of launching its financial sector reforms under pressure to meet global payment obligations. The Bombay Stock Exchange (BSE), then 116 years old, dominated the capital market but was more of a brokers’ club. Trading settlements were delayed; there were...

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Moneylife Digital Team 17 June 2016
We, at Moneylife, have come to the firm conclusion that financial products are rarely sold to benefit the customer; they are, often, created to mislead the customer into buying something that is harmful. Indian financial firms are known to widely mis-sell financial products including, but not...

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Moneylife Digital Team 30 May 2016
The probability of a rate hike at the US Federal Open Market Committee (FOMC)’s meeting on 14-15 June 2016 meeting rose to 28% from 13% a month ago. Bets on a rate increase at the 26-27 July 2016 policy meeting edged up to 61%, more than double the estimate from a month ago. If the economy...

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Robert Faturechi  and   Derek Willis (ProPublica) 30 May 2016
A little more than a year ago, Hillary Clinton's imminent entry into the race for the Democratic presidential nomination was setting off political and financial ripples around the country. One of the most unlikely was a spike in the stock price of an obscure Las Vegas company that once built...

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Moneylife Digital Team 06 May 2016
Prem Watsa, chairman and chief executive of Fairfax Financial Holdings, is known as the Warren Buffett of Canada. He has just issued the annual letter to his shareholders which discusses a variety of current issues including private high-tech companies such as Uber, Dropbox, Airbnb and so on....

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