Archives
Temporary prohibition of short selling: Portugal Telecom
November 5th, 2014
The Financial Conduct Authority (FCA) notifies that it temporarily prohibits short selling in the following instrument under Articles 23 (1) and 26 (4) of Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March ...
Accountants Warn Against UK 50 Percent Income Tax Rate
November 5th, 2014
High earners in the UK would pay 24 percent more tax than the current global average if the Labour Party succeeds in reintroducing the 50 percent tax rate, according to international accountants UHY Hacker Young. According to the firm, ...
BHP to test U.S. oil export ban by selling without formal ruling
November 5th, 2014
BHP Billiton Ltd is set to be the first company to export lightly processed ultra-light U.S. oil without explicit permission from the government, further testing the limits of an increasingly contentious ban on foreign sales. Eight months after two ...
Commercial Bank of Kuwait cancels KWD 120 million bond
November 5th, 2014
In a statement to the Kuwait Stock Exchange on Tuesday, 4 November, Commercial Bank of Kuwait (CBK) announced that it was cancelling the sale of its proposed KWD 120 million bond. The bank said the decision was taken as ...
FCA warning against unauthorised firms
November 5th, 2014
The Financial Conduct Authority (FCA), the British regulator, has issued a warning against Prime Financial Management Services Limited (www.primefms.com), “Wolffe Commodities” (www.wolffecommodities.eu), “Aspen Greene Ltd” (www.aspengreene.com) and The Cash Monkey Ltd (http://www.thecashmonkey.net/) The warning recommends that the public exercises extreme caution ...
Australia Needs Stimulus to Avoid Recession, Morgan Stanley Says
November 5th, 2014
Australia could face its first recession in almost 25 years unless authorities further stimulate the economy, Morgan Stanley (MS:US) said. The nation’s economy will expand just 1.9 percent in 2015, with 1.5 percentage points of that coming from higher ...
French, German banks each to pay 15 billion euros into resolution fund
November 4th, 2014
France and Germany have agreed that banks in each country should pay 15 billion euros ($19 billion) toward a bank resolution fund designed to limit the fallout from a banking collapse, French Finance Minister Michel Sapin said on Tuesday. ...
Euro zone to avoid recession, stagnation risks remain: EU Commission
November 4th, 2014
The euro zone will need another year to reach even a modest level of economic growth, the European Commission said on Tuesday, calling on Germany to help as Chancellor Angela Merkel again rejected a spending spree. The EU executive ...
Former UBS executive found not guilty in U.S. tax cheating trial
November 4th, 2014
A former top banker who headed global wealth management at UBS AG (UBSN.VX) (UBS.N) was found not guilty on Monday on U.S. charges of conspiring with wealthy Americans to hide $20 billion in secret offshore accounts. Raoul Weil, the ...
Hong Kong Introduces RMB Liquidity Measures
November 4th, 2014
The Hong Kong Monetary Authority (HKMA) has designated seven banks as Primary Liquidity Providers (PLPs) for the renminbi market (RMB) in Hong Kong and announced the provision of intraday liquidity – two moves that it said would reinforce the ...
