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Last Minute Misconduct Complaint Filed against Chinese Financial Giant Citic
- Citic, a leading Chinese state-owned consortium of firms will face a legal battle against Hong Kong’s financial watchdog. The regulator claims Citic misled investors which resulted in major financial losses.
by
Adil Siddiqui
IronFX Grilled on Chinese TV by Affiliates, Criminal Fraud Investigation Filed on Air - Updated
- In a 20 minute report, a journalist went undercover to experience the deposit process and track the money. A Chinese official called for a “severe punishment” in the event that IronFX is found to be operating illegally.
by
Avi Mizrahi
Chinese Internet Giant Alibaba Is Set for Biggest IPO in Tech History
- Towards the $200 billion Wall Street IPO in September, Forex Magnates profiles the empire behind the Chinese versions of Amazon, Ebay and PayPal. Will Alibaba be disrupting finance next as it eyes westward expansion?
by
Avi Mizrahi
Bitcoin Picks: US Judge Rules Bitcoin as Money, Google Analytics Styled Blockchain Unveiled
- Several developments transpired this week in the world of Bitcoin, including the ruling by US Judge ruling that Bitcoin is money – meanwhile, a BitLicense proposal was penned by China’s big 3 crypto exchanges.
Russia Pushes for More Chinese Currency Swaps to Escape U.S Dollar Dependency
- The Russian and Chinese agree on having more direct Yuan/Ruble currency swaps in the future, seen as a part of a Russian drive to bypass and weaken the USD in retaliation for recent Western economic sanctions.
by
Avi Mizrahi
Payment Picks: Facebook Launches New Payment Method, Wikipedia Accepting Bitcoin Donations
- This week led to a series of developments in the payments realm, characterized by an alternative form of purchasing for Facebook, as well as the introduction of Bitcoin as a viable payment method on Wikipedia.
Why the Chinese Buy US Real Estate and What it Shows About China's Economy
- In the first part of Forex Magnates Special China Series, we examine how trends in foreign housing purchases in the American market can reveal undercurrents in the global financial order and the Chinese economy.
by
Avi Mizrahi
US Vs Them: BRICS Countries to Establish Competing Financial Institutions
- The Sixth BRICS Summit in Brazil has revealed several initiatives, such as a new development bank and reserve currency fund. New institutions highlight the group's increasing role in international trade & commerce.
by
Adil Siddiqui
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