News 

Qualcomm to meet China regulators in push to clear $44 billion NXP deal: sources

“Qualcomm is likely to meet Chinese regulators before U.S. Commerce Secretary Wilbur Ross arrives in China on Saturday, the sources briefed on Qualcomm’s discussions said” writes Midwest Communications Inc for 95kqds.com. “The degree to which the two sides are moving to resolve trade tensions clearly has an impact,” one source said.The company in April was forced to refile its China anti-trust application to clear the NXP deal, after talks reached a dead end.The deal has got a nod from eight of the nine required global regulators, with Chinese clearance the…

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Policy Daily Review May 25, 2018

Policy Daily Review for May 25, 2018 Argentina Needs The Best IMF Deal Ever, Or It’s Curtains For Macri In 2019 Bond lords giving Macri a year to fix Argentina’s cash crunch.   Bitcoin (BTC) Slump Continues on US Justice Department Probe Talk Bitcoin (BTC) continues to weaken and is likely to make fresh lows for the year as talk of a US Justice Department probe into illegal   A crypto exchange hired a top lawyer portrayed in a Netflix series about a big bank robbery to help it navigate…

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GDPR is a shadow monster that can hunt down US firms

“Under the terms of GDPR, a company needs to report any data breaches to the regulators within 72 hours after it was found” reports alphastreet.com. GDPR is pretty complex that even the regulators are unsure how it is going to work.Europe is a major market for many US firms and they cannot ignore these regulations for long. Source: alphastreet.com Share This:

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Policy Daily Review May 24, 2018

Policy Daily Review for May 24, 2018 The surprise winners of the bank regulation roll-back Some of the biggest winners from the softening of Dodd-Frank aren’t tiny lenders at all.   Dovish ECB Forward Guidance to Keep EUR/USD Rate Under Pressure EUR/USD may continue to work its way towards the November-low (1.1554) should the European Central Bank (ECB) cast a dovish forward guidance for monetary policy.   Italy president asks Giuseppe Conte to form government: reports Italy President Sergio Mattarella on Wednesday asked law professor Giuseppe Conte to form a…

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Policy Daily Review May 23, 2018

Policy Daily Review for May 23, 2018 Implications of Oversold EUR/USD Reading Ahead of FOMC, ECB Minutes Recent price action in EUR/USD keeps the near-term outlook tilted to the downside as the pair takes out the December-low (1.1718), while the RSI sits   US AM Digest: GBP Rises on Hawkish Vlieghe, EUR Dips as MS5/League Seek EU Critic as Economy Minister US AM Digest: GBP Rises on Hawkish Vlieghe, EUR Dips as MS5/League Seek EU Critic as Economy Minister   Congress is set to pass the largest rollback of Wall…

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Policy Daily Review May 22, 2018

Policy Daily Review for May 22, 2018 Asian Stocks Decline, ASX 200 May Fall More. GBP Awaits BOE Speak Most Asian stocks were down by Tuesday afternoon trade. The ASX 200 may be at risk of more declines while the British Pound awaits a   GBP Nudges Higher as BOE Policy MakersTestify The Bank of England governor and three MPC members are giving their views on the May Inflation Report to the Treasury Select Committee and Sterling   Asian Stocks Decline, ASX 200 May Fall More. GBP Awaits BOE Speak…

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Crypto News 

U.S. and Canadian regulators open probes into cryptocurrency scams

“WASHINGTON (Reuters) – U.S. and Canadian state securities regulators announced Monday they have launched dozens of investigations into cryptocurrency scams” writes Midwest Communications Inc for 95kqds.com. The move by state regulators to crack down on cryptocurrency scams comes amid growing attention to virtual currencies by federal regulators, including the Securities and Exchange Commission and the Commodity Futures Trading Commission.Officials said there will be additional enforcement actions to come against companies looking to defraud cryptocurrency investors.A task force convened by the group of state regulators in April has launched 70 investigations,…

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Crypto News 

U.S. state and Canadian regulators open dozens of probes into cryptocurrency scams: Washington Post

“FILE PHOTO: Representations of the Ripple, Bitcoin, Etherum and Litecoin virtual currencies are seen on motherboard in this illustration picture Thomson Reuters WASHINGTON (Reuters) – U.S. state and Canadian regulators have opened “as many as 70 investigations” into cryptocurrency scams, according to The Washington Post” reports businessinsider.com. The investigations, some of which have already concluded, are aimed at unregistered securities offerings and initial coin offerings that promise significant returns without informing investors of the risks, the Post reported. Source: businessinsider.com Share This:

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Policy Daily Review May 21, 2018

Policy Daily Review for May 21, 2018 Italy may soon have a new government. Will that lead to Europe’s next crisis? Populists are about to take charge of Italy with a program of big spending promises and tax cuts that could set the indebted country on a collision course with the European Union.   GBPUSD Forecast: Plethora of UK Data to Dictate Near-Term Direction & BoE Policy GBPUSD saw a somewhat calm week with the pair finding a base at 1.3450, while employment data remained robust. Key risk next week…

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Beijing official says Qualcomm-NXP deal looking more optimistic: WSJ

“FILE PHOTO: A sign on the Qualcomm campus is seen in San Diego Thomson Reuters (Reuters) – Qualcomm Inc’s $44 billion deal to buy Dutch chipmaker NXP Semiconductors NV is looking “more optimistic now”, the Wall Street Journal quoted a Beijing official as saying” reports businessinsider.com. However, Chinese regulators this week have cleared two big deals – Toshiba Corp’s $18 billion sale of its chip unit to a consortium led by U.S. private equity firm Bain Capital, and Microchip’s $8.35 billion deal to buy Microsemi .The deal has been approved…

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