Month: February 2018
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Global dividends break new record in 2017, with more to come for the year ahead
DENVER and LONDON, Feb. 19, 2018 /PRNewswire/ — A strengthening world economy and rising corporate confidence pushed global dividends to a new high in 2017, according to the Janus Henderson Global Dividend Index. Global dividends rose 7.7% on a headline basis, the fastest rate of growth since 2014, and reached a total of $1.252 trillion. Every region of the world and…
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UnionPay mobile payment transaction volume grows as Chinese tourists celebrating the Spring Festival all around the world
SHANGHAI, Feb. 19, 2018 /PRNewswire/ — Today is the fifth day of the Chinese Spring Festival holiday, and the Chinese New Year has become a global tourism peak season with more and more Chinese tourists celebrating the festival abroad. According to the data from China Tourism Academy, as many as 6.5 million Chinese people travel abroad this Spring…
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Trade/Project Financier, Bachmann & Welser To Launch USD 2 billion Project Finance Fund
EDINBURGH, Scotland, February 17, 2018 /PRNewswire/ — Global Trade/Project Financier, Bachmann & Welser will launch a USD 2 billion Project finance fund in March 2018 with funds that will be backed by several private and institutional investors. The launch will coincide with Bachmann & Welser’s Asian Headquarters opening in Hong Kong. The fund, which is to be called, B&W Global Project Finance Fund,…
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New Study Shows Independent Operators Provide Majority of U.S. ATMs & Serve Under-Banked
JACKSONVILLE, Fla., Feb. 16, 2018 /PRNewswire/ — As part of Congressional testimony offered during yesterday’s hearing before the U.S. House Subcommittee on Financial Institutions and Consumer Credit, Chaired by Congressman Blaine Luetkemeyer (R-MO), The National ATM Council (NAC) submitted the findings of a new independent study on the state of the U.S. ATM marketplace, entitled Location Study of ATMs in…
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Bitcoin Tax Implications and the CRA
There are many players in the world of digital currencies, like LiteCoin, Ripple, PeerCoin and DogeCoin. But in the world of cryptocurrencies, Bitcoin is king! Unfortunately, for many unsuspecting Canadians, investing or trading in Bitcoin could hold a potential risk. It could run you afoul of the Canada Revenue Agency for Bitcoin tax. A WILD…
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Total Cryptocurrency Market Capitalization Holds Above $400 Billion
According to data from CoinMarketCap, the total market capitalizations of cryptocurrency market held steady above $400 billion. The sector has rebounded over 50 percent from its low of about $280 billion earlier this month. The price of Major cryptocurrency also bounced back on Monday. According to CoinDesk, bitcoin, the world’s largest cryptocurrency by market cap, rose 7.46 percent…
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INTL FCStone Financial Enhances Its Offshore Mutual Fund Offering Through Agreement with Allfunds Bank
NEW YORK, Feb. 13, 2018 /PRNewswire/ — INTL FCStone Inc. (NASDAQ: INTL) today announced that its wholly owned subsidiary, INTL FCStone Financial Inc. (“the Company”), has entered into an agreement with offshore mutual fund distribution platform Allfunds Bank. The relationship further enhances the offerings of the Company’s Correspondent Clearing Division, which is now the only U.S.-based clearing firm with access to the…
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KPMG Issues Wide-Ranging, Digital Resource Outlining Practical Implications Of U.S. Tax Reform
NEW YORK, Feb. 12, 2018 /PRNewswire/ — When President Trump signed into law H.R.1 in December 2017, it marked the culmination of a lengthy process in pursuit of business tax reform that encompassed more than 20 years. Recognizing that the implementation of the new law could present challenges for corporate taxpayers, KPMG’s Washington National Tax practice today released a digital…
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Grayscale Investments Announces Launch of the Grayscale Digital Large Cap Fund
NEW YORK, Feb. 11, 2018 /PRNewswire/ — Grayscale Investments, LLC (“Grayscale”), the sponsor of the Bitcoin Investment Trust (OTCQX: GBTC), the Ethereum Classic Investment Trust and the Zcash Investment Trust, announced today the launch of a new investment vehicle, the Grayscale Digital Large Cap Fund LLC (the “Fund”). The Fund intends to hold the top digital assets by…