News
Investment | news 16 Jan 18
UK inflation falls for the first time since June
Having hit 3.1% in November, the Consumer Prices Index (CPI) 12-month rate fell to 3% in December, prompting suggestions UK inflation may have peaked.
Globaleye exits Hong Kong, sells out to Holborn
Holborn Assets has acquired Globaleye Hong Kong, in a move that sees the Dubai-headquartered advice firm exit the special administrative region.
Eight jurisdictions to be dropped from EU tax haven blacklist
The European Union’s finance minister is expected to remove almost half of the jurisdictions, including Panama and the UAE, from the tax haven blacklist next week, in a move that critics may see as a watering down of its tax avoidance campaign.
Alternatives | news 16 Jan 18
DeVere launches cryptocurrency app as Bitcoin hits 6-week low
Global independent financial advice firm deVere Group has added a cryptocurrency app to its suite of products to meet “soaring global demand”, despite lingering concerns about the viability and legitimacy of digital currencies.
Victims defend $11bn Chinese Ponzi scheme
Investors across China are continuing to support the founder of an alleged Ponzi scheme, even after he turned himself into police, despite standing to lose CNY70bn (£7.9bn, $10.8bn, €8.9bn).