Archives
Canada’s international transactions in securities
May 16th, 2014
Canadian investors acquired $7.9 billion of foreign securities in March, the largest such outflow of funds since November 2012. Meanwhile, foreign investors reduced their holdings of Canadian securities by $1.2 billion, the first monthly divestment this year. This activity ...
Sustainability Matters
May 16th, 2014
The global accountancy profession has an important role in making organisations more responsible and accountable in the pursuit of sustainable development, says ACCA (the Association of Chartered Certified Accountants) in a new policy paper called Sustainability Matters. The paper ...
What property investors need to know about the Law of Accumulation
May 16th, 2014
I’ve found that to succeed in property, investors must understand the Law of Accumulation, which states that everything great and worthwhile in life comes about as an accumulation of hundreds, if not thousands, of tiny efforts or sacrifices. This ...
Deutsche Bank’s Birmingham legal team is growing
May 16th, 2014
Deutsche Bank has appointed a new head of legal for its Birmingham office, charged with growing the department’s size and the range of business-critical advice it provides to the bank across Europe, Asia and Africa. Jonathan Marshall joined the ...
Clifford Chance, Eversheds and Allen & Overy triumph at Middle East awards
May 16th, 2014
Clifford Chance (CC), Eversheds and Allen & Overy (A&O) were the main law firm winners at the third annual Corporate Counsel Middle East Awards last night (15 May), which saw CC named International Law Firm of the Year, while ...
FCA warning against unauthorised firm
May 16th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that “TimeBinary” is not permitted to provide any financial services or products. Furthermore, FCA points out that “TimeBinary” is neither regulated nor authorised by ...
Election results boost India stocks to another record high
May 16th, 2014
India’s benchmark index surged to a record high Friday after initial election results suggested a sweeping victory for Narendra Modi and the pro-business Bharatiya Janata Party. Investors reacted to the news with marked enthusiasm, sending Mumbai’s Sensex index up ...
Detroit Creditors Seek to Defend Pension Debt in Lawsuit
May 16th, 2014
A bond insurer wants the chance to fight Detroit’s effort to cancel $1.4 billion in pension debt, while the city is asking a judge to take a bus tour of its blighted areas before ruling on its $18 billion ...
Credit Suisse Said Close to Guilty Plea, $2.5 Billion Accord With U.S.
May 16th, 2014
Credit Suisse Group AG (CSGN) is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar ...
Russia’s economy fall sharply in growth
May 16th, 2014
Russia’s economy slowed sharply in the first three months of 2014 as the Ukraine crisis slammed business confidence and investment. Official Russian statistics showed gross domestic product grew by an annual rate of 0.9% in the first quarter. That ...
