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FCA Warns Against Unauthorized Giant Global and Morgan Consultancy ‎Clone

“The FCA also exposed another fraudulent entity, this time bringing to light a clone that has been posing as affiliated entity of banking giant Morgan Stanley” reports financemagnates.com. The FCA reminded UK investors that clones employ the tactic of adopting a legitimate company’s name when they cold call potential victims.By extension, the group’s clone, Morgan Consultancy Group, is attempting to mislead investors into thinking that it is offering a legal product by using similar details of an authorised firm. Source: financemagnates.com Share This:

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News Stocks 

IPO activity surged in 2017, thanks to pick up in tech stocks

“There were 374 global IPOs over the course of the year, the highest number since 2014, when 413 companies went public” writes Markets Reporter for marketwatch.com. While some of the most high-profile initial public offerings of 2017 disappointed, with the stocks trading down significantly from their debut prices, they helped the overall IPO market stage a sharp rebound in activity from 2016. Source: marketwatch.com Share This:

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Earth will likely warm way beyond the crucial tipping point that the Paris agreement was meant to avoid

“But according to a new report from Climate Tracker, an independent research group, we’re way off track to hit the target laid out in the Paris climate agreement” writes Jeremy Berke for businessinsider.com. In order to hit the targets laid out by the Paris agreement, global greenhouse gas emissions need to peak around 2020 then rapidly fall.And while the report notes that carbon dioxide emissions have flattened over recent years, it’s too soon to say that global emissions have peaked.Climate Tracker estimates that policies implemented in 2017 reduced their global…

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Brokers News 

Global Brokerage’s bankruptcy case triggers stay of legal actions brought by investors, ex-clients

“At this hearing, the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan for Chapter 11 bankruptcy” reports financefeeds.com. A number of legal actions against Global Brokerage Inc (NASDAQ:GLBR), formerly known as FXCM Inc, are stayed as a result of the filing of a bankruptcy petition by the broker on December 11, 2017.On Thursday, Counsel for Global Brokerage filed documents about the bankruptcy with the New York Southern District Court, thus informing all parties in the cases of the start of…

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Here Comes the Meat Tax

“The person who eats 400 pounds of animal meat every year is treading on the environment for others, and so a meat tax could be implemented as a matter of protecting personal liberty” writes James Hamblin for theatlantic.com. The Danish Council on Ethics also recently recommended a meat tax to help the country achieve its obligations to the United Nations.A meat tax is an idea that could be part of not just health and climate debates, but economic conversations in decades to come.Earlier this year, Germany’s environmental agency expressed interest…

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G10FX : 4 Key Themes To Drive FX Performances In 2018 – EUR/USD could rise – Credit Agricole

“A potential spike in risk-aversion on the back of tighter global financial conditions and rampant protectionism, which may put risk-correlated G10 FX in a vulnerable position; 4” writes Yohay S Google for forexcrunch.com. The intensifying global divergence FX trade, based on the diverging outlook for G10 central banks in 2018; 2.Global investment portfolios being rebalanced in favour of EUR should in our view propel EUR/USD towards 1.23 in Q418 and 1.27 in Q419, CACIB projects. Source: forexcrunch.com Share This:

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Report: Rich will get still richer unless policies change

“Following Europe’s example in adopting policies to benefit middle and low income earners could help counter the trend toward extreme inequality, it said” reports foxbusiness.com. It shows inequality has soared since 1980 although the global top “1 percent” saw their share of global income slip slightly after the 2008 financial crisis, to just above 20 percent. Source: foxbusiness.com Share This:

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Brokers News 

Bankruptcy Judge grants Global Brokerage’s Motion to pay Trade Claims

“In the ordinary course of business, Global Brokerage incurred various fixed, liquidated, and undisputed payment obligations (Trade Claims) to various third-party providers of services (Trade Creditors)” reports financefeeds.com. For the 12 months prior to filing the bankruptcy petition, Global Brokerage’s average aggregate monthly payment to Trade Creditors was about $250,000.At this hearing, the Bankruptcy Court will consider, among other things, the adequacy of the Disclosure Statement and confirmation of the Prepackaged Plan for Chapter 11 bankruptcy. Source: financefeeds.com Share This:

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Israeli drugmaker Teva to cut quarter of global work force

“The cuts will be scattered across Teva’s global operations and will occur over the next two years, with most expected in 2018” reports foxbusiness.com. Teva Pharmaceutical Industries Ltd., the world’s largest generic drugmaker, on Thursday said it would lay off over a quarter of its workforce as part of a global restructuring meant to salvage its ailing business.He promised that Teva’s global headquarters would remain in Israel.Israeli Prime Minister Benjamin Netanyahu’s office said he called Schultz and urged him to do his utmost to protect Israeli jobs, especially in poorer…

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