Search Results for: Citi
U.S. Supreme Court rejects former UBS executives’ appeals
January 12th, 2016
The U.S. Supreme Court on Monday declined to hear an appeal filed by three former executives of Swiss global investment bank UBS AG (UBSG.VX) convicted of conspiring to deceive U.S. cities and towns by rigging bids to invest municipal ...
Asia markets close lower, Nikkei 225 slips 2.71%
January 12th, 2016
Asia’s major markets closed mostly lower, with investor sentiment in the region remaining fragile as oil prices continued to slide and China concerns weighed. The Australian market erased its morning gains to slip into negative territory, with the main ASX ...
Commission concludes Belgian “Excess Profit” tax scheme illegal; around €700 million to be recovered from 35 multinational companies
January 11th, 2016
The European Commission has concluded that selective tax advantages granted by Belgium under its “excess profit” tax scheme are illegal under EU state aid rules. The scheme has benefitted at least 35 multinationals mainly from the EU, who must ...
Euribor trial: 11 former Barclays, Deutsche Bank and Societe Generale employees set for first court appearance over rate fixing allegations
January 11th, 2016
Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office. 11 former employees of Barclays, Deutsche Bank and Societe ...
In Saudi Aramco IPO, Global Refining Empire May Be the Prize
January 11th, 2016
Saudi state-owned company mulls `bundle’ of refiners listing Aramco will be world’s top refiner by 2020, overtaking Exxon Investors hoping a Saudi Arabian Oil Co. IPO will provide a chance to buy a stake in the world’s largest crude ...
Venezuelans Escape Currency Collapse with Bitcoin
January 11th, 2016
Cryptocurrency Users Double in One Year “Bitcoin adoption in Venezuela will explode any time now,” one early cryptocurrency adopter in the South American nation confidently predicts. Bitcoin experts argue that the worse an economy is, the more interest there ...
BDO Italy Adds Grant Thornton Experts
January 11th, 2016
BDO Italy has announced a substantial expansion of its national presence through the addition of nearly 50 professionals from Grant Thornton, including 7 partners. These partners and their teams of experts offer a wide range of accounting and consulting ...
Shanghai drops 5%, Shenzhen down 6.5% in renewed sell-off
January 11th, 2016
Chinese markets extended an already rough start to the year Monday, losing further ground and other Asian markets came along for the ride lower. The Shanghai composite was down as much 5.22 percent in late-afternoon trade, while the Shenzhen Composite shed 6.5 percent. ...
Gold in 2016
January 8th, 2016
Advance signs of a global slump in economic activity emerged in 2015. Furthermore, the dollar’s strength, coupled with widening credit spreads confirms a global tendency for dollar-denominated debt to contract. These developments typically precede an economic and financial crisis ...
Slater & Gordon bankers bring in investigative accountants
January 8th, 2016
Slater & Gordon faces further scrutiny after it emerged that the company’s lenders have appointed investigative accountants to take a closer look at its books. The move follows a shock abandonment of its earnings guidance in late 2015 that unnerved shareholders ...
