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Category Archives: Fintech

A roundup of today’s market tech news and a look at tomorrow’s disruptors

Asia Pacific Financial News from John Lothian News – August 17, 2017 Standard

Lead Stories Australia follows Japan in move to regulate bitcoin; Control of digital currencies is part of drive to strengthen money-laundering rules Jamie Smyth in Sydney – FT Australia plans to strengthen its anti-money laundering laws and regulate digital currencies such as bitcoin in the wake of a financial scandal involving its biggest bank, Commonwealth Bank of Australia. https://goo.gl/eyBEba Monthly Report: Clearstream supports liberalization of the Chinese financial market; Opening of the Chinese market is progressing / Clearstream will support BondConnect’s initiative Frankfurt, Eschborn, September, October and November Deutsche Börse Recent announcements, according to which a selection of A-shares from…

Asia Pacific Financial News from John Lothian News – August 16, 2017 Standard

Lead Stories Now Asia eyes up City after Brexit despite EU attempts to snatch business; BREXIT will not diminish the opportunities for Asian investment in British financial services, the City of London Corporation has claimed. JON ROGERS – Express.co.uk In a policy document issued by the Asia team of the local authority that promotes the Square Mile the Corporation said it would aim to “focus on” building relationships with countries like China, India and Singapore in the coming year, wanting to create a bridge between London and Asia to discuss finance and services connections”. https://goo.gl/zm3PDm SingX expands online remittance service…

Alphabet Soup: The DAO, ETH, ICOs and the SEC Standard

By Jim Falvey Technology usually outpaces the law. It can take months, if not years, for legislators, regulators and courts to gain an understanding of technology and then to apply existing law to the new technology and/or create new laws for the technological developments. In the remarkable world of cryptocurrencies and distributed ledger technology (often referred to as “Blockchain”), we are seeing both occur. In May 2016, a virtual organization called The DAO, which stands for Decentralized Autonomous Organization, came onto the scene in the Ethereum world. For the uninitiated, the Ethereum Blockchain sponsors the second most significant virtual currency…

Asia Pacific Finacial News from John Lothian News – August 11, 2017 Standard

Lead Stories Wall Street’s ‘Fear Gauge’ Skyrockets as Tensions Rise With North Korea By LANDON THOMAS Jr. – NY Times Exit greed, enter fear. After a record-breaking run of buoyant market behavior, investors appeared unnerved on Thursday by a series of provocative remarks by President Trump and increasing tensions with North Korea. https://goo.gl/ciyNgL Trump and Kim’s War of Words Has Asia Bracing for Conflict By Jason Scott and Ting Shi – Bloomberg China’s Global Times: Defend North Korea if U.S. attacks; Japan prepares to deploy missile interceptors: Nikkei The escalating war of words between U.S. President Donald Trump and North…

Asia Pacific Financial News from John Lothian News – August 10, 2017 Standard

Lead Stories Former HK commodities exchange chief charged with conspiracy to defraud regulator: court Reuters Prominent businessman Barry Cheung, who founded the now-defunct Hong Kong Mercantile Exchange, appeared in a Hong Kong court on Thursday charged with conspiracy to defraud the securities regulator and fraud. https://goo.gl/AXG4vE SEC pushes back on Chinese-led takeover of Chicago Stock Exchange; After initially supporting deal, regulator delays approval of politicised transaction Don Weinland and Hudson Lockett in Hong Kong – FT The US Securities and Exchange Commission has delayed approval of a Chinese-led takeover of the Chicago Stock Exchange, the latest setback for an acquisition…

Asia Pacific Financial News from John Lothian News for August 9, 2017 Standard

Lead Stories Trump’s ‘Fire and Fury’ North Korea Warning Puts World on Edge By Justin Sink and Shinhye Kang – Bloomberg Kim Jong Un ‘has been very threatening,’ Trump tells reporters U.S. markets jolted, South Korea and Japan stocks both fall President Donald Trump’s threat to hit North Korea with “fire and fury” jolted markets from New York to Seoul even as U.S. lawmakers questioned the president’s willingness to back up the heated rhetoric. https://goo.gl/Yc22if Trump’s Harsh Language on North Korea Has Little Precedent, Experts Say By JULIE HIRSCHFELD DAVIS – NY Times President Trump’s warning on Tuesday that North…

Asia Pacific Financial News from John Lothian News – August 8, 2017 Standard

Lead Stories Asia is building its own world order Parag Khanna – CNN Much has been made recently of how the policies of the Trump administration clash with the global conventional wisdom — and how these contrast with the new spirit of global leadership emanating from China. https://goo.gl/wNXVhL Time’s come for an Asian-Asean century By Roberto F de Ocampo – Asia News Network The first step in Asean’s long journey to today can, perhaps, be said to have been taken about 13 years before its formal founding in August 1967 with the signing of the Bangkok Declaration by the Philippines,…

Asia Pacific Financial News from John Lothian News – August 4, 2017 Standard

Lead Stories NSEL scam: Jignesh Shah denies violation of Sebi rules; alleges conspiracy; I stand tall, no agency has found anything against me, he said in the press conference Business Standard Embattled businessman Jignesh Shah on Friday denied any violation of insider trading norms following Sebi order against 13 entities, including his relatives, with regard to trading in shares of MCX and erstwhile FTIL even as he alleged “conspiracy” against him. https://goo.gl/34Xmkt China blacklists nine HSBC mutual funds for IPO violations; Regulators target market corruption in share subscription process Gabriel Wildau in Shanghai – FT HSBC’s China fund management venture…

Asia Pacific Financial News from John Lothian News -August 3, 2017 Standard

Lead Stories Your Evening Briefing: China Fears a Meltdown, Hong Kong’s Tiny Flats Bloomberg News China is afraid of what it might become – more specifically, it’s afraid of becoming Japan. A new light has been shone on the reasons for Beijing’s dramatic crackdown on private firms snapping up foreign assets — a report commissioned by President Xi Jinping’s top economic adviser, in which a key recommendation was to curtail big private companies’ global buying spree. The study warns China is in danger of emulating Japan in the 1980s, when it had become a manufacturing powerhouse and started buying up…