Search Results for: EY
Hungary Verdict to Pave Way for $15 Billion FX Loan Plan
June 16th, 2014
Hungary’s supreme court will complete its precedent rulings today on foreign-currency mortgages, paving the way for the government to phase out loans worth about $15 billion. The court, known as Kuria, will brief reporters at 12:30 p.m. in Budapest ...
Tough bank test
June 16th, 2014
A European Central Bank policymaker is voicing concern that Europe may be too tough on banks as they undergo “stress tests” to measure their financial resilience. European officials are trying to make this year’s new round of tests tougher ...
US Supreme Court working on 17 unsolved cases
June 16th, 2014
It’s crunch time at the Supreme Court, where the justices are racing to issue opinions in 17 cases over the next two weeks. The religious rights of corporations, the speech rights of abortion protesters and the privacy rights of ...
Medtronic to buy Covidien for $42.9 billion, rebase in Ireland
June 16th, 2014
U.S. medical device maker Medtronic Inc said on Sunday it had agreed to buy Covidien Plc for $42.9 billion in cash and stock and move its executive base to Ireland in the latest transaction aiming for lower corporate tax rates abroad. ...
Ukraine crisis: Kiev faces halt to gas supply
June 16th, 2014
Gazprom has reaffirmed its Monday deadline for Ukraine to pay its debts after talks between Moscow and Kiev ended without agreement. The Russian gas giant said it will cut Ukraine’s supply if Kiev fails to pay $1.95bn (£1.15bn) by ...
The Secret to Southwest’s Success
June 13th, 2014
Every time I fly Southwest Airlines I come away impressed by what they do and how they do it. You don’t have to be a management guru to understand that the company offers insight into one of the toughest ...
FASB revises standard for accounting of repurchase agreements
June 13th, 2014
FASB on Thursday issued a revised standard that addresses investors’ concerns with the financial reporting of repurchase agreements and brings U.S. GAAP accounting for such transactions into closer alignment with IFRS. Under the updated standard, Transfers and Servicing (Topic ...
New EU Bank-Creditor Loss Rules Leave Room for Confusion
June 13th, 2014
The European Union has served notice that senior bondholders will be in the firing line for losses when banks go bust, yet the law’s fine print leaves room for confusion. Policy makers from Michel Barnier to Jeroen Dijsselbloem have ...
Facebook Australia launches auto video ads
June 13th, 2014
Facebook will today launch controversial video ads that begin playing automatically in Australian users’ news feeds on the social network. McDonald’s will be the first local advertiser to use the format as the FIFA World Cup gets underway and ...
Bitcoins Seized From Silk Road Marketplace To Be Auctioned
June 13th, 2014
The United States government is planning to sell one of the biggest caches of bitcoins, a hoard that’s part of the bitcoin cache seized in October from the Silk Road marketplace, which was used for buying and selling drugs, ...
