Archives
FCA warning for unauthorised firms
April 16th, 2014
The Financial Conduct Authority (FCA), the British financial regulatory authority, has issued a warning informing the investors that the following firms are not permitted to provide any financial services or products: Frenson Capital Limited t/a Light Loans (www.lightloans.co.uk) LSE ...
ASIC suspends auditor
April 16th, 2014
The Australian Securities and Investments Commission (ASIC), has announced the suspension of the registration of Wayne John Wessels, the former auditor of whitegoods distributor Kleenmaid, following a successful application to the disciplinary body, the Companies Auditors and Liquidators Disciplinary ...
SEC Charges San Diego-Based Investment Adviser
April 16th, 2014
The U.S. Securities and Exchange Commission has announced charges against a San Diego-based investment advisory firm, its chief executive officer, chief compliance officer, and another employee for misleading investors and breaching their fiduciary duties to clients. The SEC’s Enforcement ...
Regulators Fear Big Data Threatens Audit Quality
April 16th, 2014
Does audit firms’ emphasis on data analytics mean that audits themselves are suffering? Regulators around the world are worried that a rise in audit firms’ consulting business and a corresponding slowdown in the growth of revenues from traditional audits ...
Tax Havens Put U.S. Filers on Hook for $1,259 Each, Report Says
April 16th, 2014
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. “Tax haven abusers ...
HMRC targets evasion in further power push
April 16th, 2014
Further powers are set to be afforded to HM Revenue & Customs as the government looks to tighten the noose on those holding funds offshore and maximise its revenues. Already, the taxman has added to its arsenal. Avoidance schemes ...
Asia shares rise, shrug off slower China growth
April 16th, 2014
Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine’s crisis and slower economic growth in China. The Nikkei jumped 2.5 percent to 14,347.41 as a weaker yen boosted exporter stocks and Softbank Corp. shares ...
Credit Suisse profits down 34 percent
April 16th, 2014
Swiss bank Credit Suisse says net profit fell 34 percent in the first quarter as bond-market woes hurt earnings at its investment banking business. Profit fell to 859 million Swiss francs ($979 million) from 1.303 billion francs in the ...
EUR/USD set to decline to 1.37
April 16th, 2014
Pair’s Outlook At the moment EUR/USD is testing the support at 1.3816/15 represented by the monthly and weekly pivot points. If this level is breached, the next significant concentration of demand is expected to be at 1.3787—20 and 55-day ...
Oil falls to near $103 ahead of Ukraine meeting
April 15th, 2014
The price of oil fell to near $103 a barrel Tuesday ahead of talks aimed at defusing tensions between the West and Russia over Ukraine. By early afternoon in Europe, benchmark U.S. crude for May delivery was down 92 ...
