Archives
Alibaba announces share sale details
September 8th, 2014
China’s biggest e-commerce firm Alibaba Group Holding says it expects to price its initial public offering (IPO) at between $60 and $66 per a share. It has filed to sell up to $24.3bn (£15bn) stock, which would make it ...
Top Scottish firms break recession spell with £438.2m combined turnover
September 8th, 2014
Scotland’s top independent firms have pulled out of the recession in earnest in 2013/14, with the top 20 turning over a combined revenue of £438.2m, a rise of 8 per cent on £406.9m the previous year. Brodies and Burness ...
IMF’s Lagarde urges France for structural reforms
September 8th, 2014
The head of the International Monetary Fund (IMF) is urging France to speed up structural reforms to bolster economic growth and warning against using weak inflation as an excuse to relax public deficit reduction efforts. In an interview with ...
As Brazil Vote Nears, Testimony Ties Top Political Figures to Corruption Scandal
September 8th, 2014
As Brazilians prepare to vote in a national election next month, a scandal involving the state-controlled oil giant Petrobras flared up again this weekend over testimony that implicated dozens of top figures in President Dilma Rousseff’s governing coalition in ...
Russian European food sanctions have consequences
September 5th, 2014
Bas Feijtel has a bumper crop of pears and no place to sell them all, so he’s leaving a quarter of them to rot. That’s because the price he gets for his pears plunged 70 percent from last year after ...
Japan PM’s stance on next tax hike ‘utterly neutral’
September 5th, 2014
Prime Minister Shinzo Abe stands “utterly neutral” on whether to decide in December to raise the sales tax again next year but he will be very cautious in his decision given the potential blow to the economy, Japan’s economy ...
Argentina says ‘many creditors’ want to swap into local law debt
September 5th, 2014
Many investors are interested in swapping global Argentine bonds for paper governed by local law, cabinet chief Jorge Capitanich said on Friday, a day after the Senate approved the proposed debt exchange as a way to circumvent U.S. court ...
Bahamas Releases Sector-Specific VAT Guides
September 5th, 2014
The Bahamas VAT Department on September 1, 2014, released fifteen value-added tax (VAT) guides, providing additional in-depth guidance on the taxation of different economic sectors and on special schemes. The Bahamas will introduce a 7.5 percent value-added tax regime ...
CySec warns of malicious sms
September 5th, 2014
The Cyprus Securities and Exchange Commission (CySec) has issued a warning announcement on misleading sms phone message. More precisely, the Chairwoman of the Cyprus Securities and Exchange Commission, Mrs. Demetra Kalogerou, submitted a formal complaint to the Police earlier today ...
Solid U.S. employment growth eyed in August
September 5th, 2014
U.S. job growth likely accelerated a bit in August and the unemployment rate probably fell to 6.1 percent, offering fresh evidence of sustained momentum in the economy. The government reported last month that the economy added 209,000 jobs in ...
