Oil is above $102 as Libya tensions continue
May 20th, 2014
The price of oil hovered above $102 a barrel Tuesday as the threat of further violence in Libya threw into question the country’s ability to ramp up its crude exports. Benchmark U.S. crude for July delivery was up 18 ...
Central Bank Gold Agreement
May 19th, 2014
ECB and other central banks announce the fourth Central Bank Gold Agreement as follows: The European Central Bank, the Nationale Bank van België/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of ...
ASIC reports on dark liquidity rule
May 19th, 2014
The Australian Securities and Investments Commission (ASIC) today released the results of a review of rule changes affecting ‘dark trading’ and their impact on market quality. The meaningful price improvement rule and changes to block tier thresholds were introduced ...
Gunmen Storm Libya Parliament as Violence Grips Oil-Producer
May 19th, 2014
A Libyan military police chief said he disbanded parliament after a militia group he backs stormed it yesterday, spreading violence in the energy-rich nation to its capital and sending world oil prices higher. In a televised speech late yesterday ...
Springtime for Bankers
May 19th, 2014
By any normal standard, economic policy since the onset of the financial crisis has been a dismal failure. It’s true that we avoided a full replay of the Great Depression. But employment has taken more than six years to ...
SocGen Ex-Trader Kerviel Taken in by French Police at Border
May 19th, 2014
Jerome Kerviel, the former Societe Generale SA trader facing prison for a record banking loss, was taken charge of by French police after prosecutors said his failure to turn himself in would have made him a fugitive. More than ...
Putin to boost ties with China
May 19th, 2014
Amid a bitter crisis in relations with the West over Ukraine, Russia’s President Vladimir Putin is moving to bolster ties with China. Russia sees relations with China as a top priority and their ties now are the best ever, ...
AstraZeneca chief executive calls for a tax risk
May 19th, 2014
The US pharmaceutical seeking to acquire UK rival AstraZeneca represents a tax avoidance risk, according to the UK druggist’s chief executive Pascal Soriot. Pfizer, which has proposed a £63bn takeover of the UK business, intends to use the AstraZeneca ...
Corporate tax rates table
May 16th, 2014
The following table indicates all corporate tax rates in percentage for a number of countries worldwide. Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Country % % % % % % % % % % Afghanistan ...
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 ...
