Daily news: Crude oil prices keep rising
The main focus for EUR/USD today will be on the ECB president Mario Draghi speech at 4 pm MT time…
Trading curbs on suspected shell companies are imposed by India
India suddenly imposed trading restrictions on up to 162 shell companies. The given shocking move is considered to be a part of an intense crackdown on tax evasion as well as illegal offshore transfers.
Monday’s announcement by the Securities Exchange Board of India didn’t clarify what illegal activities the companies might have been involved in.
The restrictions suggest restricting trading in the affected companies to once a month as well as curbs in the trading of equities held by the promoters, not to mention the directors of the companies.
India’s government has been chasing companies it actually suspects of engaging in illegal transactions after the previous year’s ban on high-value currency bills, including evading taxes and "black money."
Some financial experts told these restrictions had taken market participants by surprise.
Financial experts stress that if these companies have been really practicing money-laundering, then severe penal action should be taken. On the contrary, If not, they should be immediately excluded from the list.
Similar
American business activity declines to 17-month minimum
In September, American private sector activity speeded down to a 17-month minimum, as follows from Friday’s survey data…
Weekly CryptoNews
John Mccaffee, crypto enthusiast, investor: “Stay true, stay the course and hold…
Latest news
Forex today: easing geopolitical tensions
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
Greenback edges down
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
Deposit with your local payment systems
