UPDATE: ‘ ACE WORLDWIDE NEWS GROUP ‘


I have just updated news room with all our sites and changes made over last 12 months. This is where on the cutting room floor, our news and views about the news will be made.

' Ace News Services '
‘ Ace News Services ‘

As anyone who knows me – l have slowly built a group of sites all listed below with links to view, that represent as broad range of topics as possible.

This site, blog or room as it will be known is simply my news, views and feelings and thoughts as an editor.

I have also spoken to a number of my friends and followers and asked if they would like to join the news team, either regularly or as featured writers. I feel honoured by their response to wanting to be part.

Some and l say some are amazing writers, and some are able to make words jump off the page and say read me. These writers do not consider themselves great in their own right. They are humble and write from their heart their feelings, thoughts and musings about the world.

So today this day l open the news room to the world and say welcome to my friends and writers and of course you all who one day hopefully enjoy reading our words as much as we enjoyed writing them.

With kindest best wishes and love to you all and thank you for following my news.   

Ian

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BRITAIN: ‘ GEORGE OSBORNE’S AUTUMN STATEMENT KEY POINTS ‘


#AceFinanceNews – BRITAIN – Dec.03 – Well the Chancellor has updated us on the state of the economy since his last statement: Here it is in key points courtesy of BBC UK reporting live. Read More and Share: Editor.    

BRITAIN: ‘ GEORGE OSBORNE’S AUTUMN STATEMENT KEY POINTS ‘.

LONDON: ‘ FIVE OF THE WORLD’S BANKS FINED UNDER RIGGING FOREX MARKET ‘


#AceFinanceNews – LONDON – Nov.12 – Five of the world’s biggest banks have today been handed fines totalling more than £2billion for rigging the £3.5trillion-a-day foreign exchange market.

' Five of world's biggest banks are fined record £2BILLION over rigging foreign exchange markets - but no bankers are prosecuted '
‘ Five of world’s biggest banks are fined record £2BILLION over rigging foreign exchange markets – but no bankers are prosecuted ‘

British, US and Swiss authorities all launched an onslaught after an 18-month investigation as regulators today revealed the latest scandal to rock the industry.

State-owned Royal Bank of Scotland has been fined £217million ($344million) by the London-based Financial Conduct Authority (FCA) as well as £182million ($290million) by the US Commodity Futures Trading Commission (CFTC).

The others involved in the settlement are Citibank, HSBC, JPMorgan Chase and UBS, who will also pay up to £500million each. Barclays said it continues to hold discussions with regulators.

More than 30 traders have been fired, suspended, put on leave, or resigned since the probes started, and the Serious Fraud Office has launched a criminal investigation – but there have been no arrests.

The FCA said today that bankers, who referred to themselves as the ‘A-Team’ and ‘Three Musketeers’, colluded on-line by sharing information about foreign exchange orders so they could make cash for their banks and bag big bonuses themselves.

The FCA has said it issued the record fines because five banks were failing to control business practices in their foreign exchange trading operations.

Barclays will be next to be punished.

Its penalties dwarf the £532 million imposed by the regulator on banks and City brokers over the previous big regulatory scandal involving the manipulation of the interbank lending rate, Libor.

RBS chief executive Ross McEwan said: ‘To say that I am angry about the misconduct would be an understatement.

‘We had people working at this bank who did not know the difference between right and wrong, or worse, didn’t care about the distinction.’

The FCA said traders at different banks formed tight-knit groups in which information was shared about client activity, including using code names to identify clients without naming them.

Names given to these groups included ‘the players’, ‘the 3 musketeers’, ‘1 team, 1 dream’, ‘a co-operative’ and ‘the A-team’. Traders shared the information obtained through these groups to help them work out their trading strategies.

FCA chief executive Martin Wheatley said: ‘Today’s record fines mark the gravity of the failings we found and firms need to take responsibility for putting it right.

‘They must make sure their traders do not game the system to boost profits or leave the ethics of their conduct to compliance to worry about.’

An inquiry by the Bank of England found that no official was involved in any unlawful or improper behaviour in the forex market.

#AFN2014 

Welcome Everyone to `Ace News Services ‘ Please Comment or Post to be Approved ‘


#AceNewsServices says good evening from my UK home and to all my friends and readers of my news articles and posts, well just so you can write your news as it happens, and chat on the go.

Ace Friends News

` Follow my news and views and post in the box’

It is not just 140 characters and you can post a link to a video or promote your group, charity, idea or really anything.

Anyone wanting to post a video best way is copy and paste the short URL from the YouTube site and post.

Add your own tags and links and enjoy chatting to fellow bloggers.

I ask for you to observe that we do not use it as a spam area, should this happen it will be closed to everyone and l will email those people ,to be the only users.

Thank you Editor (Ace News Group) 

Share – Tweet – Comment – News and Views @AceNewsServices with #ANS2014   

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` European Union offers 15 Billion Euro’s to Ukraine and Yatsenyuk is asking for 35 Billion over Two Years ‘


#AceFinanceNews says that the decision by the European Union to provide massive economic aid to Ukraine comes after the crisis around Crimea began.

Huge figures have been mentioned, the European Commission talks about 15 billion euros. The new Ukarinian government wants more, however: new prime minister Arsenyi Yatsenyuk is asking for 35 billion euros over the next two years.

Meanwhile, few people would argue that the crisis around Crimea was a direct result of the disturbances that have enveloped Ukraine since its failure to sign an Association Agreement with the EU in November last year.

Back then, in November, it was not signed because Ukraine’s president Yanukovich did not secure from the EU that same 15 billion euros in the short term and 35 billion euros over the next two years.

Courtesy of :Dmitry Babich

#AFN2014

` Nakamoto denies he is the creator of `Bitcoin ‘ despite earlier reports ‘


#AceFinanceNews says that Dorian Prentice Satoshi Nakamoto has denied that he is the creator of Bitcoin, despite an earlier report.

Newsweek claimed Nakamoto is the person who wrote the computer code underpinning Bitcoin.

However, he denied in an interview with AP that he had anything to do with the digital currency. Nakamoto, 64, said he had never heard of Bitcoin until his son told him he had been contacted by a reporter three weeks ago.

Bitcoin has become increasingly popular because it allows people to make one-to-one transactions, buy goods and exchange money without involving banks, credit card issuers or other third parties.

#AFN2014

` @GSElevator loses his book deal as he goes down to ground level ‘


#AceFinanceNews says that the man behind a popular Twitter account that appeared to provide a rare insider look at Goldman Sachs has lost his book deal after revelations the former banker never actually worked at the firm.

Banker John Lefevre gained Internet fame through his @GSElevator account, where he posted dialogue he claimed to have overheard in the elevators of the top global investment firm, angering many at Goldman Sachs and other Wall Street executives.

Lefevre, formerly of Citibank, had remained anonymous for three years, until The New York Times revealed his identity last week.

“In light of information that has recently come to our attention since acquiring John Lefevre’s ‘Straight to Hell,’ Touchstone has decided to cancel its publication of this work,” the division of Simon & Schuster said in a statement.

Goldman responded to the news with some humour. “Guess elevators go up and down,” it posted on its Twitter account.

#AFN2014

` Crimea `Autonomy within the Ukraine’ will join `Ruble Zone’ if admitted to Russia ‘


#AceFinanceNews says that according to latest news from Crimea (autonomy within Ukraine) will join the Ruble Zone if admitted to Russia, the peninsula’s First Deputy Prime Minister Rustam Temirgaliyev told a news conference on today – Itar-Tass

“As a part of Russia we will be in the Russian economic environment and therefore in the Ruble Zone” – he said.

#AFN2014

` European Central Bank leaves `Key Interest Rates ‘ steady with ` Refinancing ‘ rate at 0.25 Percent’


#AceFinanceNews says that the European Central Bank held its key interest rates steady as largely expected on Thursday.

The ECB left its central “refi” or refinancing rate unchanged at 0.25 percent at its monthly policy meeting, it said in a statement.

The central bank also held its other two key rates — the marginal lending rate and the deposit rate — unchanged at 0.75 percent and zero percent respectively.

There had been speculation that the central bank might ease monetary conditions in the 18 countries that share the euro given the worryingly low level of inflation.

ECB President Mario Draghi was scheduled to explain the reasoning behind the latest decision at a news conference.

This decision is key to the strategy adopted by the European Central Bankers and will largely prevent inflation rises, but it will eventually lead to a slow down in the economy of the Western Nations. this is due mainly to the huge indebtedness and risk factor in the Asia-Pacific Investment markets.

More soon ………………………………………………………………………………….

#AFN2014

` While Americans pay their `Taxes ' Corporations like `Apple ' avoid theirs by moving billions to `Tax Havens '


#AceFinanceNews says Apple has shifted billions in untaxed profits from its Australian operations to Ireland over the past decade, a report said on Thursday.

The Australian Financial Review obtained 10 years’ worth of financial accounts for Apple Sales International – an arm of the organization it described as the “secretive” Irish company at the heart of the group’s global tax arrangements, AFP reported.

The newspaper said the US tech giant moved an estimated US$8.1 billion in untaxed profits from Australia to a tax haven structure in Ireland, paying just 0.7 percent of its turnover in tax.

Apple in Australia has previously said it has done everything required by the tax office.

#AFN2014

` Banking World changes as `Japan’s biggest brokerage `Nomura Holdings’ has chosen a `Woman’ to head its Banking Arm’


#AceFinanceNews says in a world dominated by men this happens Japan’s biggest brokerage Nomura Holdings said Wednesday it has chosen a woman to head its banking arm, in what is believed to be a first for the country’s male-dominated financial sector.

Chie Shimpo, 48, will next month become president of Nomura Trust and Banking, as Japanese Prime Minister Shinzo Abe calls for more women to join the labour force and for companies to bring female employees into the boardroom.

None of the nation’s three biggest banks — Mitsubishi UFJ, Sumitomo Mitsui and Mizuho Financial — have top female executives, according to a government survey.

The central bank, Bank of Japan, has just one woman on its nine-member board.

In an interview last year with a Japanese business on-line magazine, Shimpo dismissed her gender as a factor at the office.

#AFN2014

` Bank of England suspends worker over possible manipulation in `Forex’ or `Sharing of Confidential Client Data’


#AceFinanceNews says that the Bank of England has suspended a worker amid a probe into the suspected rigging of foreign exchange trading but added there was no evidence of collusion, it said Wednesday.

The central bank said in a statement that the suspension was linked to an investigation into whether officials “were informed of manipulation in the foreign exchange market or the sharing of confidential client information”.

#AFN2014

` Bitcoin storage site `Flexcoin ' is closed after hackers robbed it of `$600.000 ' from its Hot Wallet '


#AceFinanceNews says that Bitcoin storage site Flexcoin announced Tuesday that it has closed after hackers robbed it of some $600,000 worth of digital currency.

“On March 2nd 2014 Flexcoin was attacked and robbed of all coins in the hot wallet.

The attacker made off with 896 BTC,” the bitcoin bank said on its website.

“As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately.”

The stolen 896 bitcoins come to a loss of around US$600,000, depending on current bitcoin trading value. Bitcoin is not backed by deposit insurance since it is a crypto-currency.

Flexcoin kept bitcoins offline, or in “cold storage,” to remain secure.

Cold storage is separate from a hot wallet, or a bitcoin wallet which is on-line and connected to the internet.

RT News and #AFN2014

` First there was a `New Currency ‘ called `Bitcoin’ then came `Greed ‘ now comes Taxation ‘ allowing `Greed ‘ to have its own Reward’s


#AceFinanceNews says according to latest news Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based MtGox exchange after a half-billion-dollar theft.

The finance ministry and the national tax agency are studying possible rules that could govern transactions using the digital currency, the Yomiuri Shimbun newspaper said.

Authorities believe purchases made with Bitcoin can be subject to consumption and corporate taxes, even though the unit is not a legal currency, the Yomiuri said without citing sources.

This latest case of irregularities that has lead to an the recent investigation as cites by Reuters in saying Mt Gox, once the world’s largest bitcoin exchange, filed for bankruptcy in a Tokyo district court on Friday, the company’s lawyer citing ‘outstanding debts of $63.2 million, after mysteriously going offline on Monday.
Investors may have lost all of their virtual coins, as the exchange’s computer system was exposed to fraudulent transactions and technical failures. More on this story at http://wp.me/pzTwj-2tk

Has allowed a way for countries to tax Bitcoin transactions and bring them in line with many other the Monetary Systems controls, as was always wanted by the a number of countries.

This latest round of investigations, has only added fuel to the fire.

#AFN2014

` First Chartered Black-Owned Bank in the `US ‘ Opened in 1888 ‘ by a former Slave’


Ace News Group:

#AFN2014

Originally posted on Ace Finance News :

#AceFinanceNews says `First Black Owned Bank’ was opened in the `US‘ back in 1888 and was on the site of the `Vanquished Confederacy

WASHINGTON, March. 2, 2014 /PRNewswire-USNewswire/ — Following is the daily “Profile America” feature from the U.S. Census Bureau:

FIRST BLACK-OWNED BANK

Profile America — Sunday, March 2nd.

The capital of the vanquished Confederacy was the site of the first chartered black-owned bank in the U.S., founded on this date in 1888 by former slave and Union Army veteran William Washington Browne.

Savings Bank of the Grand Fountain, United Order of True Reformers.It was known as the Savings Bank of the Grand Fountain, United Order of True Reformers.

The bank provided mortgage loans and other banking services that were difficult for African-Americans to obtain in the segregated climate after reconstruction. When the bank opened, Richmond had a population of just over 81,000 people, 32,000 of them African-American. Today, Richmond is home to…

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` Mt Gox the largest ` Bitcoin Exchange ‘ files for ` Bankruptcy ‘ amid rumours of Hacking ‘


Ace News Group:

#AFN2014

Originally posted on Ace Finance News :

#AceFinanceNews says that `Tokyo‘s Mt Gox Bitcoin Exchange has filed for `Bankruptcy‘ amid missing currency‘.

Published time: March 02, 2014 11:54
 
Reuters/Jim Urquhart Reuters/Jim Urquhart
Mt Gox, once the world’s largest bitcoin exchange, filed for bankruptcy in a Tokyo district court on Friday, the company’s lawyer citing ‘outstanding debts of $63.2 million, after mysteriously going offline on Monday.

Investors may have lost all of their virtual coins, as the exchange’s computer system was exposed to fraudulent transactions and technical failures.

A leaked internal Mt Gox “crisis strategy” document suggesting that the exchange site had been hacked and hundreds of millions of dollars’ worth of the cryptocurrency stolen began to circulate online.

Technical glitches in February forced the trading platform to halt deposits, causing the already volatile crypto-currency to plunge 20 percent. On Friday it was listed at $565.07 on Winkdex, a New York-based bitcoin value…

View original 205 more words

` Russia recently passed part of new `Security Legislation’ that could control People’s Live’s’


Ace News Group:

#AFN2014

Originally posted on Ace Finance News :

#AceFinanceNews says that recently the `Russian Lower House passed its very first reading that broadens `Security’ powers in Russia‘.

The Russian Lower House has passed the first reading of a set of amendments that broadens the security service’s powers, increases punishment for terrorist activities and also imposes additional state control over the internet.

Duma passes first stage of security billThe bill was submitted in mid-January after a string of deadly terrorist attacks shook southern Russia in December killing 37 people. One of its main sponsors, MP Irina Yarovaya of the centrist conservative party United Russia told other Russian legislators earlier this week that the draft must be passed as soon as possible to allow law enforcers to conduct preventive measures against the terrorist threat. MP Andrey Lugovoy of the populist nationalist party LDPR jokingly suggested that all those who were in doubt, or just scared to take resolute measures make a trip to the…

View original 408 more words