Archives
Isle of Man removed from Colombian Tax ‘Blacklist’
October 20th, 2014
Colombia has removed the Isle of Man from its offshore blacklist, recognizing its commitment to the international exchange of tax information. The move recognizes that the Isle of Man and Colombia have both joined the OECD Convention on Mutual ...
IBM to pay Globalfoundries to take chip unit
October 20th, 2014
IBM Corp (IBM.N) said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing, mobile and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years ...
Australia 200 – Desperately Trying to Return to Above 5400
October 20th, 2014
Australia 200 for Monday, October 20, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Before a Bailout, E.C.B. minutes showed doubts over keeping a Cyprus Bank afloat
October 20th, 2014
As the Cypriot economy reeled from the collapse of its second-largest bank in 2013, the European Central Bank faced a thorny question: Should it keep the institution, Cyprus Popular Bank, alive with short-term loans or pull the plug? By ...
Modern accountancy firms
October 20th, 2014
At the 2020 Group annual conference last week, US chairman Chris Frederiksen spoke about how to build a modern firm. Based on the group’s research and Frederiksen’s own experience of firms around the world, he came up with five ...
Russia Rating Cut by Moody’s on Sluggish Economic Growth
October 20th, 2014
Russia’s credit rating was cut to the second-lowest investment grade by Moody’s Investors Service, which cited sluggish growth prospects and an erosion of the country’s reserves amid sanctions over Ukraine. Moody’s downgraded the sovereign one level to Baa2 from ...
Companies target baby boomers and the $15tn silver economy
October 20th, 2014
Ford is developing a driving seat that can detect a potential heart attack and bring the car safely to a stop, joining a lengthening list of companies tapping into the world’s growing market of wealthy over-60s. The global spending ...
Eurozone fails to benefit from weak currency as oil price slides
October 20th, 2014
Pity the policy makers given the job of rescuing the eurozone from deflation. The unorthodox steps the European Central Bank has taken since June – including a programme of private-sector asset purchases – have caused a steep fall in ...
Volatility unlikely to alter Fed’s Policy Course
October 20th, 2014
The Federal Reserve still plans to wrap up its bond-buying campaign at the end of October and remains likely to raise interest rates in mid-2015, although it now seems less likely to act sooner, analysts say. The Federal Reserve ...
Exante features in RBK
October 20th, 2014
Anatoliy Knyazev, Exante’s CEO and co-founder, discussed the first Bitcoin Fund with RBK – Russian leading news media. Anatoliy was quoted on the journey of the fund as well as speaking about the benefits it brought to its investors. ...
