Search Results for: EY
IMF in warning over Argentina ruling at US Supreme Court
June 18th, 2014
The International Monetary Fund (IMF) has warned that Argentina’s legal defeat in its fight against hedge fund investors may have wider implications. On Monday, a US Supreme Court ruling sided with bondholders demanding Argentina pay them $1.3bn (£766m). The ...
China signs £14bn trade deals with UK amid Premier’s visit
June 18th, 2014
China says it wants to back major UK infrastructure projects and has signed £14bn in trade deals. The news comes on the first full day of a visit by its leader. The BBC understands the projects the state-owned China ...
Deutsche Bank Japan, SEC Whistleblower, Italy: Compliance
June 18th, 2014
Deutsche Bank AG’s Japanese securities unit entertained officials from 45 funds that manage public pensions, according to a report obtained by Bloomberg News, signaling that the potentially illegal practice was more widespread than regulators disclosed. Deutsche Securities Inc. spent ...
China Auditor Blames CIC Mismanagement for Investment Losses
June 18th, 2014
Mismanagement at China Investment Corp., the nation’s $575 billion sovereign wealth fund, led to overseas investment losses that could widen, according to the National Audit Office. A dereliction of duty by managers, inadequate due diligence and post-investment management were ...
Brent holds above $113 amid Iraq violence
June 18th, 2014
Brent crude held above $113 per barrel on Wednesday as heavy fighting in Iraq shut the country’s biggest refinery and led to the withdrawal of staff by foreign oil firms, stoking worries about exports from the key oil producer. ...
CySec: Publication of new EU Directives and Regulation
June 17th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the Cyprus Investment Firms (‘the CIFs’) about the following: 1. On June 12, 2014, the following Directives/Regulations were published in the Official Journal of the European Union, which are ...
GASB’s OPEB proposals may have big impact
June 17th, 2014
Proposed new accounting standards for other post-employment benefits (OPEB) published Monday by GASB are expected to have a significant impact on state and local government financial statements. GASB’s work on OPEB is intended to complement its development of new ...
CySec warning against unauthorised firms
June 17th, 2014
The Cyprus Securities and Exchange Commission (CySec) wishes to inform the investors that the company ‘Comlife Investments (Cyprus) Ltd’ (http://www.comlifeinvestments.com/) and the entity which operates via the internet domain, (http://www.5markets.com): 1. Are not permitted to provide investment and ancillary services in ...
German investor confidence slips again
June 17th, 2014
A survey shows that German investor confidence has fallen for the sixth consecutive month and has hit its lowest level since December 2012 amid concerns about a soft patch in Europe’s largest economy. The ZEW institute said Tuesday that ...
Bitcoin faces biggest threat yet
June 17th, 2014
The Bitcoin digital currency system is in danger of losing its credibility as an independent payment system because of the growing power of a group that runs some of the computers behind it. In recent weeks, a British-based “mining ...
