Search Results for: EY
European Stocks Decline for Fourth Day Amid Iraq Violence
June 25th, 2014
European stocks fell for a fourth day, the longest stretch in seven weeks, as violence in the Middle East escalated. U.S. index futures were little changed, while Asian shares declined. GDF Suez SA dropped 3 percent after France said ...
Etihad to Buy 49% Stake in Alitalia
June 25th, 2014
Alitalia SpA, the Italian carrier bailed out by the government last year, said it has agreed on “principal terms” with Etihad Airways PJSC that will give the Middle Eastern airliner a 49 percent stake. The two airlines will next ...
Singapore to Require Banks to Hold Liquid Assets for Crises
June 25th, 2014
Banks in Singapore will soon be required to keep certain amounts of easy-to-sell assets on hand in the country to support themselves in times of stress. The new liquidity framework applies to lenders with a “significant retail presence” in ...
U.S. Ruling Loosens Four-Decade Ban On Oil Exports
June 25th, 2014
The Obama administration cleared the way for the first exports of unrefined American oil in nearly four decades, allowing energy companies to start chipping away at the longtime ban on selling U.S. oil abroad. In separate rulings that haven’t ...
US court fines Credit Suisse trader over bond prices
June 25th, 2014
A New York court has fined a former UK-based Credit Suisse trader for his role in artificially inflating bond prices. David Higgs was spared prison, which was the fate of his boss. Higgs pleaded guilty in 2012 to a ...
Andy Coulson guilty over phone hacking as Rebekah Brooks walks free
June 24th, 2014
David Cameron’s former communications chief Andy Coulson is facing jail after being found guilty of conspiring to hack phones while he was editor of the News of the World. Rebekah Brooks, his predecessor in the job, walked free from ...
Don’t Shortchange Short Sellers
June 24th, 2014
More finance journalists and industry people should go to academic conferences. There is a lot of good stuff to learn. Case in point: I recently attended the Western Finance Association’s annual meeting in Monterey, California, and saw several papers ...
SEC Charges Hedge Fund Advisory Firm
June 24th, 2014
The U.S. Securities and Exchange Commission has charged a West Palm Beach, Fla.-based hedge fund advisory firm and its founder with fraudulently shifting money from one investment to another without informing investors. The firm’s founder and another individual later ...
Canada Amends National Law to Regulate Bitcoin Businesses
June 24th, 2014
The Parliament of Canada has passed a bill that amends the country’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act of 2000 to extend to both foreign and domestic businesses working in the bitcoin and digital currency sectors ...
Rule Field Test Foretells Crunch in Closing the Audit
June 24th, 2014
Field testing of a proposed expansion of the auditor’s report suggests the new requirements will produce a new crunch in the closing phase of the audit, and auditors will need some additional guidance to assure they focus on the ...
