Archives
Consob reports unauthorised firms
July 8th, 2014
The National Commission for Companies and the Stock Exchange (Commission Nazionale per le Società e la Borsa) reports that the companies: Itc Group Capital Holdings Limited Ibc Capital Limited are not authorised to provide investment services and business in ...
FMA issues New Zealand’s first licence for peer-to-peer lending services
July 8th, 2014
The Financial Markets Authority (FMA) has issued its first peer-to-peer lending service licence. Auckland-based Harmoney is the first provider of this new financial service, under the provisions of the Financial Markets Conduct Act 2013. “This is a new service ...
Macquarie drawn into Commonwealth Bank financial planning row; ASIC undertaking
July 8th, 2014
Macquarie Group’s private wealth unit has been accused of not co-operating with the Senate committee that delved into unethical financial planning practices at the Commonwealth Bank of Australia. Inquiry chairman Labor senator Mark Bishop said Macquarie had similar “systematic ...
Total CEO keeps costly drilling strategy to end: 2014
July 8th, 2014
The chief executive of French oil major Total (TOTF.PA) is giving himself until the end of the year to strike oil at a big new field somewhere in the world before considering whether to change direction and cut the ...
Australian dollar lifts to 3-day high on confidence boost
July 8th, 2014
The Australian dollar rose to a three-day high today as improved domestic business confidence data sparked a further recovery after it hit a two-week low last week. National Australia Bank’s Business Confidence Index rose a point to positive eight ...
GBP Is A Bad Apple While Dollar Is Squeezed
July 8th, 2014
Not the ideal start to a week where many expected more enthusiasms being expressed across the various asset classes, especially after last week’s stronger US employment headline print. Maybe the market is priming itself for the summer doldrums? The ...
Commerzbank Shares Fall on News of Settlement Talks
July 8th, 2014
Shares in Commerzbank fell about 3.5 percent on Tuesday following news that Germany’s second-largest lender could be the latest European institution to settle with the American authorities over suspicions that it violated sanctions. The broader German stock market was ...
China says GSK-linked trial being handled according to law
July 8th, 2014
The trial of a couple arrested last year following work they did for British drugmaker GlaxoSmithKline PLC (GSK.L) in China will be handled according to the law, China’s foreign ministry said on Tuesday, brushing off U.S. concern about the ...
How internal audit can meet growing expectations
July 8th, 2014
Broadening duties in a rapidly changing business environment make it imperative for the internal audit profession to evolve, according to a new research report. Although audits of operations still make up the largest portion of internal audit plans for ...
U.A.E. Bank Rules, EU Bank Legal Fees, Tibor: Compliance
July 8th, 2014
The United Arab Emirates may amend rules governing bank lending against shares after reviewing June’s stock price swings in Dubai and Abu Dhabi, the market regulator said yesterday. Representatives of the Securities and Commodities Authority, the central bank and ...