Archives
Dana Gas secures $100 million project financing for UAE offshore gas field
September 10th, 2014
This facility will contribute the debt component of the financing needed to complete the project and bring the Zora gas field on-stream. The credit facility, with Emirates Bank NBD Capital Limited as Initial Mandated Lead Arranger, Bookrunner and Coordinator, ...
Accountant banned for signing audit reports
September 10th, 2014
An accountant has been excluded from the ICAEW and fined nearly £15,000 for issuing audit reports on behalf of his firms when they were not registered to carry out audit work. Robert Binfield, from Chester, issued reports for companies ...
Argentina’s stock market is up 100%
September 10th, 2014
If you read the headlines, Argentina is in default (again) and its economy is tanking. But here’s the funny thing: the country’s stock market is hotter than an underground tango show on a sultry Buenos Aires night. Argentina’s Merval ...
Commodities Suffer in 2014 Because of Strong U.S. Dollar
September 10th, 2014
Commodities declined to the lowest in almost eight months as the dollar advanced on speculation that the Federal Reserve will increase interest rates next year, curbing demand for raw materials. The Bloomberg Commodity Index (BCOM) that tracks 22 futures ...
Bonds Starting to Cause Concern for U.S. Stocks
September 10th, 2014
The bond market is starting to give the stock market agita, and focus could remain on interest rates Wednesday as traders try to handicap the Fed’s next move. A report from the San Francisco Fed staff, released Monday, injected ...
U.S. Charges Belize Agents Linked to Cynk’s Stock Surge
September 10th, 2014
Two men working out of the same Belize building as the penny-stock company Cynk Technology Corp. (CYNK), which surged to a market value of more than $6 billion for an hour in July, were among six people accused by ...
Zulutrade fined by CFTC
September 10th, 2014
The U.S. Commodity Futures Trading Commission (CFTC) announced the filing and simultaneous settlement of charges against Zulutrade, Inc., a CFTC-registered Introducing Broker located in Piraeus, Greece, for failure to diligently supervise activities relating to its business as a CFTC ...
World’s leading economies warned over ‘global jobs crisis’
September 10th, 2014
The world’s largest economies are still failing to create enough jobs and too many of those that are being produced are too low quality to generate a meaningful boost to global growth, three leading international institutions warned on Tuesday. ...
U.S. regulator would welcome delay of EU clearing rules
September 10th, 2014
A top U.S. regulator said on Wednesday he would welcome a delay by the European Union that gave more time to resolve a conflict with Washington over making derivatives markets safer. Reuters reported last week that the EU is ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
