Archives
U.S. Oil Export ban no longer necessary says Exxon Chief
October 7th, 2014
Rex Tillerson, ExxonMobil’s CEO, says the ban on exports of U.S. crude oil that’s been in effect for decades is no longer necessary and a lifting of regulatory constraints on liquefied natural gas (LNG) would increase America’s energy and ...
U.S., UK regulators might settle Deutsche Bank Libor case this year
October 7th, 2014
U.S. and British regulators are in a plan to settle the Deutsche Bank AG (DBKGn.DE) Libor case in the next few months as they hope to extract major penalties from the bank for alleged manipulation of the benchmark interest ...
Politicians must decide on tax changes said ACCA
October 6th, 2014
Politicians of every party face a stark choice between raising taxes or cutting spending, ACCA (the Association of Chartered Certified Accountants) has claimed as the Liberal Democrats autumn conference continues. Chas Roy-Chowdhury, head of taxation at ACCA, said ahead ...
Guidance from Bahamas on VAT implementation
October 6th, 2014
The Bahamas Ministry of Finance has said that businesses will not be required to provide a tax identification number when applying to be covered by the value-added tax transitional virtual warehouse arrangement for commercial importers, applications for which must ...
MFSA warning against unauthorised firm
October 6th, 2014
The Malta Financial Services Authority (MFSA) has issued a warning against FOREX MMCIS Group warning the public, in Malta and abroad, that Forex MMCIS Group is NOT licensed nor awaiting to be licenced by the Malta Financial Services Authority to provide any type of ...
Danish regulator warns against unauthorised firm
October 6th, 2014
The Danish Financial Supervisory Authority has been informed that Ventures GB (www.venturesgb.com) unsolicited has offered to carry out financial services in Denmark. The company’s address is Calle Pinar 5, 28006 Madrid, Spain. Ventures GB does not have authorisation from ...
Herbalife hires former U.S. regulator to lead compliance team
October 6th, 2014
Herbalife Ltd, the marketer of weight-management products, energy drinks and nutrition supplements that has come under investigation by the Federal Trade Commission as well as other agencies, has hired a former FTC official as its chief compliance officer. Herbalife ...
Kobre & Kim Adds Hong Kong Law to Follow the Money
October 6th, 2014
Kobre & Kim LLP, a law firm that secured an acquittal for one of the defendants in the U.S.’s first foreign bribery sting operation, added a local legal practice to its Hong Kong office this month according to latest ...
IG Group obtains License for Swiss Banking Business
October 6th, 2014
IG Group Holdings Plc, the U.K. spread-betting firm, is set to start operations in Geneva, close to the private banks it hopes to win as customers. The London-based company chose Geneva partly because many institutional customers it wants to ...
Brent falls below $92 on strong dollar, surplus supply
October 6th, 2014
Brent crude futures fell but held above $92 a barrel on Monday, extending this year’s rout that saw the international benchmark hit a 27-month low in the previous session due to a strong US dollar and ample oil supply. ...
