Archives
Merrill Lynch Equities (Australia) Limited pays $96,000 infringement notice penalty
September 11th, 2014
The Australian Securities and Investments Commission has ruled a fine against Merrill Lynch Equities (Australia) Limited (Merrill Lynch). The company has paid a total penalty of $96,000 to comply with an infringement notice given to it by the Markets ...
Argentina’s Congress passes debt restructuring law
September 11th, 2014
Argentina’s Congress gave final approval on Thursday to a law proposing to restructure the country’s debt to skirt a U.S. court ruling that forced it into its second default in 12 years. The debt restructuring plan aims to enable ...
SEC Announces Charges Against Corporate Insiders for Violating Laws
September 11th, 2014
The Securities and Exchange Commission today announced charges against 28 officers, directors, or major shareholders for violating federal securities laws requiring them to promptly report information about their holdings and transactions in company stock. Six publicly-traded companies were charged ...
U.S. Oil Boom Revitalizing Rust Belt Economy
September 11th, 2014
The American Midwest is enjoying a one-two punch of an economic boom thanks to hydraulic fracturing. The relatively new and still controversial technique is not only generating more energy, it’s also sparking a revitalization of old industries and boosting ...
CBC fines Alpha Bank Cyprus Ltd
September 11th, 2014
The Central Bank of Cyprus (CBC) has decided the imposition of fine amounting to €89.000 against Alpha Bank Cyprus Ltd for failing to comply with specific Laws and Directives. The Central Bank of Cyprus (CBC), within the remit of exercising its ...
Google warned of harder line from EU
September 11th, 2014
The EU’s incoming digital policy chief has put Google on notice that it faces a potentially more hostile Brussels regime, suggesting the US group could be forced to be neutral in presenting search results. The US internet group has ...
Russian Oil Exploration Could Be Next on West’s Hit List
September 11th, 2014
The United States and European Union plan to stop billions of dollars in oil exploration in Russia by the world’s largest energy companies including Exxon Mobil Corp and BP Plc, U.S. government sources said. The planned sanctions over Russia’s ...
Gender inequality in accounting
September 11th, 2014
More than half of UK accountants consider men and women to have equal opportunities in the workplace, according to a survey by CareersinAudit.com. However, a significant chunk of the 300 accountants surveyed – 38.7% – still think that men ...
PwC to face U.S. lawsuit over Colonial Bank collapse
September 11th, 2014
Accounting firms PricewaterhouseCoopers and Crowe Horwath must face a lawsuit accusing them of professional malpractice and breach of contract for not catching a fraud that led to the 2009 collapse of Colonial Bank, a federal judge has ruled. Filed ...
Senators urge Burger King to ditch move to Canada
September 11th, 2014
A group of U.S. senators wants Burger King Worldwide (BKW.N) to scrap its plans to invert, or move its tax domicile to Canada, as part of a deal to buy coffee and donut chain Tim Hortons Inc. (THI.TO) Burger King ...
