Archives
Hong Kong-Shanghai Stock Connect delay hits bourse shares
October 27th, 2014
Shares of Hong Kong Exchanges and Clearing have tumbled by as much as 5% to a six-month low after a landmark scheme to connect it with Shanghai’s stock market was delayed indefinitely. Hong Kong’s benchmark Hang Seng Index also ...
Asian cooperation hanging on a handshake
October 27th, 2014
The APEC summit is just over a week away and all stops are out in Beijing to make it an economic and diplomatic triumph, despite the huge underlying challenges in managing China’s relations with the region. The primary goals ...
Gas prices drop 18 cents in 2 weeks
October 27th, 2014
Price to fill up the tank has dropped 65 cents a gallon since May and is 29 cents cheaper than a year ago. A national survey of gas prices reports that the average cost of U.S. regular grade gas ...
US firms now dominate London, UK200 shows
October 27th, 2014
The largest US firms are now so entrenched in the UK legal market that they are collectively generating over £2bn annually and are major players in the 100 firms bringing in the most revenue from the UK. New research ...
Twenty-four European banks fail financial stress tests
October 27th, 2014
One in five European banks have failed crucial tests of their financial strength, leaving a €25bn (£19.6bn) capital hole in the continent’s banking system at a time of renewed fears that the five-year long eurozone crisis may be flaring ...
Swiss officials search Sarasin bank in German tax probe
October 24th, 2014
Swiss authorities have searched the offices of private Bank J. Safra Sarasin as part of a probe led by German prosecutors into dividend stripping, an investment strategy that can be used to help clients avoid taxes, a Zurich prosecutor ...
Serious Fraud Office to seek extra £26.5m funding
October 24th, 2014
Ongoing fraud investigations into Barclays, Rolls-Royce and Libor rigging have forced the Serious Fraud Office to ask the government for an extra £26.5m. The cost of paying compensation to Robert and Vincent Tchenguiz, who built their fortune through investments ...
BFSC warns the public against unauthorised company
October 24th, 2014
The Bulgarian Financial Supervision Commission (BFSC) warns the public against the activities of the company TRADERXP LTD. The Bulgarian Financial Supervision Commission warns that company TRADERXP LTD is not licensed by the BFSC and thus is not eligible to provide investment ...
FCA warning against unauthorised firms
October 24th, 2014
The Financial Conduct Authority (FCA), the British regulator, has issued a warning against “Crown Capital Management” (www.crowncapitalmanagement.com), and “Burton Capital Partners” (www.burtoncapitalpartners.com, www.bcp.com). The warning recommends that the public exercises extreme caution when dealing with these companies, since are ...
AMF warns investors against the activities of CAC Invest
October 24th, 2014
The AMF has issued a warning to draw public’s attention to the activities of CAC Invest, noting in particular that the company is not authorized to provide investment services on French territory. CAC Invest, www.cac-invest.com, presents itself as a ...
