Archives
Implementing the new European accounting directive
July 17th, 2014
In implementing the New European Accounting Directive, the Member States have choices which give them the chance to improve accounting in their country and those choices should be more evidence-based. This was the main conclusion of a roundtable facilitated ...
SEC Announces Charges in Scheme to Secretly Enable Lawbreakers to Run Microcap Company
July 17th, 2014
The Securities and Exchange Commission has announced fraud charges against four individuals and a microcap company for concealing from investors that two lawbreakers ran the company. According to the SEC’s orders instituting administrative proceedings, the mission of Natural Blue ...
LVMH and eBay settle litigation over fake goods
July 17th, 2014
LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company’s online auction website. The companies are implementing cooperative measures aimed at protecting intellectual property ...
Gold Steady Ahead of Key US Numbers
July 17th, 2014
Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment ...
World Bank Report: Bitcoin is a ‘Naturally Occurring’ Ponzi
July 17th, 2014
A recently published World Bank policy research working paper on Ponzi schemes mentions bitcoin as a “naturally occurring Ponzi”, clarifying that it has nothing to do with deliberate Ponzi schemes, as some bitcoin critics have claimed. Kaushik Basu, World ...
MAS against money laundering and terrorist financing
July 17th, 2014
The Monetary Authority of Singapore (MAS) is seeking public feedback on proposed new measures to further protect Singapore’s financial system from being used to launder money or finance terrorism. A consultation paper has been released on Tuesday (July 15). ...
Silver futures up 0.63% on global cues
July 17th, 2014
Tracking a rising trend in global markets, silver futures prices today rose by 0.63 per cent to Rs 45,730 per kg as speculators built fresh positions amid covering-up of short positions. At the Multi Commodity Exchange, silver for delivery ...
GSK confirms it fired staff for corruption in China in 2001
July 17th, 2014
GlaxoSmithKline said it fired staff in China for bribing officials in 2001 in a case that predates wider allegations of corruption for the British drugmaker in the country by more than a decade. About 30 staff in GSK’s vaccines ...
New sanctions cause Russian shares and rouble to tumble
July 17th, 2014
The United States imposed its toughest sanctions yet on Moscow on Wednesday, and Russian stocks and the rouble tumbled on Thursday. Safe-haven assets such as gold, yen and German bonds rose. The rouble-traded MICEX stock market dropped 2.5 percent ...
Tories ‘to challenge European court with British bill of rights’
July 17th, 2014
David Cameron is heading for a major showdown over Europe with a plan to assert the supremacy of parliament over the European court of human rights to avoid a repeat of the rows over the deportation of foreign criminals, ...
