Archives
U.S. Stock-Index Futures Rise as Apple, IBM Rally on Deal
July 16th, 2014
U.S. stock-index futures advanced as China’s second-quarter economic growth topped estimates and as Apple Inc. and International Business Machines Corp. rallied after announcing a partnership. Apple and IBM rose at least 2 percent each in early New York trading ...
Litigation costs hit Bank of America quarterly profit
July 16th, 2014
Bank of America Corp (BAC.N), the second-largest U.S. bank by assets, reported a 43 percent drop in second-quarter profit as mortgage revenue fell and litigation costs soared. Earnings attributable to shareholders fell to $2.04 billion, or 19 cents per ...
Trafigura Targets $8B India Metals Market With Online Store
July 16th, 2014
Switzerland-based Trafigura has launched an online store in India to sell aluminum, copper and other metals, seeking a slice of the $8 billion market and becoming the first big commodities trader to cater to hordes of small manufacturers dotting ...
Unemployment in Britain Falls to 6.5 Percent
July 16th, 2014
British workers’ earnings grew at the slowest rate on record in the three months to May, one gauge showed, even as unemployment fell further, giving the Bank of England pause for thought as it prepares to start raising interest ...
BlackRock’s second-quarter profit rises 11 percent
July 16th, 2014
BlackRock Inc (BLK.N), the world’s largest money manager, reported an 11 percent jump in second-quarter profit on Wednesday, boosted by strong markets that helped drive flows into its products across asset classes. The New York-based asset manager reported net ...
ICAEW edges closer to approved regulator status
July 16th, 2014
The representative body for chartered accountants has inched another step closer to gaining the authority to license alternative business structures (ABSs). Parliament agreed yesterday that the Institute of Chartered Accountants in England and Wales (ICAEW) has an appropriate appeals ...
EUR/USD: Dollar Rally Continues on Yellen Remarks
July 16th, 2014
EUR/USD continues to point southward on Wednesday. In the European session, the pair is trading in the low-1.35 range. The dollar is broadly higher following remarks from Janet Yellen on Tuesday concerning an interest rate hike. The Fed chair ...
South Africa’s Davis Committee Proposes Tax Reforms For SMEs
July 16th, 2014
The Davis Tax Committee (DTC), which was set up by the South African Ministry of Finance in July 2013 to make recommendations for possible tax reforms, has issued an updated report for public comment, covering issues regarding the taxation ...
IRS Issues Final Regs On Truncated TINs
July 16th, 2014
As part of efforts to combat identity theft and tax refund fraud, the United States Treasury Department has released, in the Federal Registry, final regulations applicable to the use of Internal Revenue Service (IRS) truncated taxpayer identification numbers (TTINs). ...
CoinPip Supports Merchants Internationally
July 16th, 2014
Singapore-based bitcoin payment solution CoinPip Pte Ltd has been working tirelessly to make accepting digital currency even easier for its clients and for merchants in over 122 countries. Using CoinPip’s recently updated system, merchants can now instantly convert their ...
