Archives
Bunzl is leaving KPMG
May 20th, 2014
FTSE 100 outsourcer changes auditors after first tender in 28 years BUNZL has said that PwC will replace its long term auditors KPMG after the FTSE 100 outsourcing group conducted its first audit tender in 28 years. In its ...
US pivotal to OECD tax plan
May 20th, 2014
It’s becoming increasingly apparent that the OECD’s plan to reduce tax base erosion and profit-shifting, as laudable as it is, is hugely reliant on the US making significant and drastic alterations to its corporate regime if it is to ...
CySec: acquisition of Administrative Services Providers (ASP) licence
May 20th, 2014
The Cyprus Securities and Exchange Commission (CySec), the Cypriot financial regulatory authority, has announced that the following firms have successfully obtained the CySec licence to operate as Administrative Services Providers (ASP): Polymage Consulting Ltd Epsilou Management Services Ltd Therefore, ...
UK inflation rate rises to 1.8%
May 20th, 2014
Higher fares for flights and ferries helped to push the rate of inflation up in April, the first increase in the rate for 10 months. The Consumer Prices Index, rose to 1.8% in April from 1.6% in March, according ...
CySec: renouncement of licence
May 20th, 2014
The Cyprus Securities and Exchange Commission announces that, on 6 May 2014, the CIF «Harvest Financial Services Ltd», renounced its authorization pursuant to section 24(1)(b) of the Investment Services and Activities and Regulated Markets Law of 2007, as in ...
CySec: regarding the harmonized implementation of T+2 as standard settlement
May 20th, 2014
CySec has issued a press release regarding the harmonized implementation of T+2 as standard settlement period in OTC Secondary Markets for transferable government securities as of 6 October 2014 by the 28 member states, as follows: The text of the ...
The Greek Bond Dump
May 20th, 2014
Here’s a chart showing Greece’s 10-year bond yield during the past 10 days: Here’s what happened. On Thursday, speculation swept the markets that the government was about to levy a retroactive tax on profits made on trading Greek government ...
European Stocks Little Changed Amid Earnings Reports
May 20th, 2014
European stocks were little changed, with the Stoxx Europe 600 Index trading within 1 percent of a six-year high, as investors weighed corporate earnings. U.S. index futures and Asian shares were little changed. Carnival Plc climbed 3.8 percent after ...
SEC’s Insider-Trading Case Against Obus Revived on Appeal
May 20th, 2014
Wynnefield Capital Inc.’s Nelson Obus traded on confidential information to make $1.3 million for his hedge fund and confessed to it twice, a lawyer for the U.S. Securities and Exchange Commission said in a civil trial of Obus and ...
Oil is above $102 as Libya tensions continue
May 20th, 2014
The price of oil hovered above $102 a barrel Tuesday as the threat of further violence in Libya threw into question the country’s ability to ramp up its crude exports. Benchmark U.S. crude for July delivery was up 18 ...
