Search Results for: EY
USD/CHF bounced off 0.8824/13
April 29th, 2014
Pair’s Outlook There was only a brief rally yesterday during which USD/CHF closed a bearish gap—nothing critical was altered by this behaviour of the pair. The bias therefore remains negative and it implies a decline down to the 2011 ...
Invesco Fined, EU Stress Test, Libor Charges: Compliance
April 29th, 2014
Invesco Perpetual (IPE) was fined 18.6 million pounds ($31.3 million) for failing to comply with risk limits or tell clients about the use of derivatives as leverage in their funds. Invesco Perpetual, the largest retail investment manager in the ...
China North East Petroleum Executive’s Case Ends in Mistrial
April 29th, 2014
A fraud case against a former vice president of China North East Petroleum Holdings Ltd. ended in a mistrial after jurors failed to agree on charges that he was part of a scheme to divert share offering proceeds, according ...
“Killer B” anti-abuse regulations are on the way
April 29th, 2014
Recognizing that taxpayers are exploiting the rules in ways it had not intended, the IRS on Friday announced that it will amend the existing regulations on cross-border reverse triangular reorganizations, popularly known as “Killer B” transactions (Notice 2014-32). Killer ...
Asian Stocks Swing From Gain to Loss on Earnings Outlook
April 29th, 2014
Asian stocks swung between gains and losses as investors weighed corporate earnings and after U.S. equities advanced. China Petroleum & Chemical Corp. slid 1.3 percent in Hong Kong after Asia’s biggest refiner posted first-quarter profit that missed analyst estimates. ...
Deutsche Bank Profit Beats Estimates on Trading Revenue
April 29th, 2014
Deutsche Bank AG (DBK), Europe’s largest investment bank by revenue, said first-quarter profit declined less than expected as trading revenue exceeded analysts’ estimates. Net income dropped 34 percent to 1.08 billion euros ($1.5 billion) in the three months through ...
China opens first forex trading centre on border with Vietnam
April 28th, 2014
China has opened a currency trading center, the first of its kind in the country, on the China- Vietnam border to end rampant illegal private forex trading. The ASEAN (Association of Southeast Asian Nations) Currency Business Center, will allow ...
Buy London Mansions on Russia Sanctions
April 28th, 2014
Targeted sanctions against Russians and pro-Russian Ukrainians are proving a boon to London’s real estate market. Some of the $51 billion that fled Russia in the first quarter of 2014 is headed there, with attempts by the U.K. government ...
Stocks: Federal Reserve to the rescue?
April 28th, 2014
Janet Yellen and economic data are poised to steal the business spotlight from Corporate America this week. After a bonanza of corporate report cards dominated recent headlines, investors will likely refocus on the state of the U.S. economy and ...
ASIC cancels Banksia’s AFS licence
April 28th, 2014
Australian Securities and Investments Commission (ASIC) has cancelled Banksia Mortgages Limited’s (Banksia Mortgages) Australian financial services (AFS) licence. Banksia Mortgages is one of four subsidiaries of the Victoria-based Banksia Financial Group, which collapsed in 2012. The others include the ...
