Archives
European Stocks Advance as Stocks Extend Gains
March 26th, 2014
European stocks advanced for a second day, after the Stoxx Europe 600 climbed the most in three weeks, as investors awaited data on U.S. durable-goods orders. U.S. index futures were little changed, while Asian shares rose. Airbus Group NV ...
Clifford Chance escapes £130m derivatives negligence claim as case settles
March 26th, 2014
JP Morgan’s £130m legal battle with Berlin’s public transport provider BVG in which Clifford Chance was implicated for allegedly providing negligent advice has settled. The mammoth battle was one of the first cases involving derivatives concluded by European public ...
ASIC accepts enforceable undertaking from Franchelen Pty Ltd
March 26th, 2014
ASIC has accepted an enforceable undertaking (EU) from Franchelen Pty Ltd (Franchelen), after an investigation found they engaged in unlicensed credit activity. ASIC’s investigation looked at the financing offered by Franchelen to consumers who were purchasing units in a ...
First legal steps taken against Malaysia Airlines, Boeing
March 26th, 2014
A Chicago-based attorney has taken the first formal legal steps related to Malaysia Airlines Flight 370, the opening shot in what promises to be a sustained litigation campaign. Monica Kelly, a lawyer at Ribbeck Law, asked an Illinois state ...
Rich Chinese overwhelm U.S. visa program
March 26th, 2014
A dramatic surge in interest from wealthy Chinese is threatening to overwhelm a U.S. program offering investors green cards in exchange for cash. The number of applicants is now so great that the government might run out of permits. ...
Bank of England: Index-Linked Treasury Stocks
March 26th, 2014
In accordance with the terms of the prospectus dated 12 October 1983, the Bank of England announces that the rate of interest payable on the above stock for the interest payment due on 16 October 2014 will be £3.8298 ...
CBC: Financial Indicators of stability
March 26th, 2014
The Central Bank of Cyprus has published the basic aggregate financial indicators for the Cypriot banking and co-operative sector, for the fourth semester of 2013, which are based upon the Consolidated Banking Data (CBD) as follows: Financial Stability Indicators ...
Disney to buy YouTube network Maker Studios for $500 million
March 26th, 2014
The Walt Disney Co has agreed to buy Maker Studios, one of YouTube’s largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire. ...
Oil prices jump back above $100 a barrel
March 24th, 2014
Oil prices rose back above $100 a barrel Monday as an oil spill in Texas closed a major shipping channel and continuing global tensions over the crisis between Russia and Ukraine brought upward pressure on prices. Benchmark crude oil ...
HMRC new account raiding powers are “draconian”
March 24th, 2014
NEW POWERS which will allow HMRC to raid bank accounts are “draconian” and could lead to an abuse of power suggest a tax reform group and ACCA. The March Budget saw HMRC given powers to take money from bank ...
