Search Results for: EY
Stocks tumble at the open a day after Argentina defaults
July 31st, 2014
Stocks tumbled at the open Thursday as bond yields spiked and global markets took a tumble a day after Argentina defaulted on its debt. A breakdown in talks between Argentina and U.S. creditors late Wednesday sent the country plunging ...
Exxon Mobil reports profit 28 percent
July 31st, 2014
Exxon Mobil Corp, the world’s largest publicly traded oil company, on Thursday reported better-than-expected quarterly profit on Thursday on higher prices for crude and natural gas. The company said net income rose to $8.78 billion, or $2.05 per share, ...
FCA reports that firms fail to deliver best execution
July 31st, 2014
The Financial Conduct Authority (FCA) has released a review setting out some major points, highlighting the fact that most firms fail to properly apply the rules on best execution when trading on their behalf Looking at 36 firms the FCA ...
Large UK law firms ‘more effective’ at social media than US counterparts
July 31st, 2014
DLA Piper, Allen & Overy and Clifford Chance rank highest overall in the UK Social Law Firm Index Large UK law firms have a significantly more effective presence on social media than similarly-sized US firms. That’s according to The ...
Microsoft Probe Fuels China Uncertainty
July 31st, 2014
It’s hard to keep a straight face as China accuses Microsoft of “monopolistic behavior” and raids its offices in Beijing, Shanghai and elsewhere. What, that cartel known as the Communist Party suddenly has a problem with large organizations that ...
Gold Flat Ahead of Unemployment Claims
July 31st, 2014
Gold prices are steady on Thursday, as the metal continues to trade close to the $1300 level. In the European session, the spot price stands at $1295.01 per ounce. In the US, today’s highlight is Unemployment Claims. The markets ...
Euro zone inflation declines to near five-year low in July
July 31st, 2014
Annual inflation in the euro zone fell in July to its lowest since the height of the financial crisis in 2009, keeping the risk of deflation on policymakers’ radar but unlikely to spur the European Central Bank into further ...
Switzerland, Italy Working To Remedy Tax Disputes
July 31st, 2014
Swiss President Didier Burkhalter has called for a constructive, coherent, and balanced approach to the resolution of a number of outstanding tax issues with Italy. Burkhalter made the comments during a meeting with Matteo Renzi, Italy’s Prime Minister, after ...
CFTC Says Flexibility essential to Oversee Cross-Border Swaps
July 31st, 2014
U.S. regulators need flexibility in overseeing cross-border swaps, a lawyer for the Commodity Futures Trading Commission told a federal judge as he defended the agency’s reliance on guidance rather than formal rules in a lawsuit brought by Wall Street’s ...
Record award for former Yukos investors after tribunal finds “political motivation” for Russia’s actions
July 31st, 2014
An arbitral tribunal sitting in The Hague has unanimously held that the Russian Federation breached its international obligations under the Energy Charter Treaty when it liquidated and part-nationalised the former Yukos Oil Company in 2007. The Permanent Court of ...
