Archives
CySec: suspension of Licence authorisation
March 31st, 2014
The Cyprus Securities and Exchange Commission announces the continuity of the suspension of the authorization of the Cyprus Investment Firm, Infina Investments (Cyprus) Limited, with number 099/09 until 21st May2014. The suspension of the authorization is in pursuant to section ...
Insolvency profession says fee changes will see fewer rescues
March 31st, 2014
THE INSOLVENCY PROFESSION believes that government proposals to change fee structures in corporate collapses will lead to fewer business rescues. More than three quarters (77%) of practitioners said that enforcing the use of fixed-fees would lead to practitioners taking ...
Lobbyists and lawmakers, one big family
March 31st, 2014
The American people do not like Congress — and they don’t like Congress at historic levels. Gallup polling showed that only 12% of the American people approved of Congress in February. And it’s easy to see why. Americans think ...
FCA to investigate how firms deal with risk benchmark manipulation
March 31st, 2014
The Financial Conduct Authority (FCA) has announced plans to look into how firms can reduce the risk of traders manipulating key benchmarks as a central part of its Business Plan for 2014/15, which was published today. The forward-looking thematic ...
European Stocks Climb After Weekly Gain; Novartis Gains
March 31st, 2014
European stocks rose, after the biggest weekly gain in more than a month, as investors awaited economic data out of Europe and America later this week. U.S. stock-index futures and Asian shares climbed. Novartis AG advanced 2.8 percent after ...
Siemens CEO Rebuked as German Business Defends Putin Partnership
March 31st, 2014
Chancellor Angela Merkel’s deputy chided Siemens AG (SIE) Chief Executive Officer Joe Kaeser for traveling to Moscow, saying German companies shouldn’t sell out European values to protect business with Russia. The conflict over Kaeser’s meeting with President Vladimir Putin ...
Dashed Ikea Dreams Show Decades Lost to Bribery in Ukraine
March 31st, 2014
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe. ...
Littlewoods VAT court win leaves HMRC with £1.2bn bill
March 31st, 2014
LITTLEWOODS has won a VAT dispute with HM Revenue & Customs in the High Court, a ruling set to cost the taxman more than £1bn. The retailer contested HMRC should pay it compound interest on VAT overpayments that it ...
China Mulling Implementing FATCA-Like Law To Reduce Tax Evasion On Mainland; Hong Kong Agreed To Share Tax Information Of US Expats Earlier This Week
March 31st, 2014
China is to looking to formulate a law similar to one in the U.S., which now requires financial institutions worldwide to disclose information on American taxpayers to the U.S. government, South China Morning Post, or SCMP, reported Friday. China ...
Amazon Web Services gets Defense security authorization
March 31st, 2014
Amazon Web Services, Amazon’s cloud services company, has received a security authorization that would allow it to work with all agencies within the Defense Department, the company announced last week. The new authorization — under the department’s cloud security ...
