Search Results for: tax
Bitcoin experts are having a spat on whether it’s a currency or a commodity
August 2nd, 2016
Bitcoin experts have weighed into a debate regarding the legal status of the cryptocurrency following a ruling by a Florida judge last week. Florida judge Teresa Pooler dismissed felony charges including money laundering against Michell Espinoza, who had sold ...
Europe expected to retreat at open
August 2nd, 2016
European stocks were lower in morning trade Tuesday, dragged down by banking shares as worries about the health of the region’s lenders continued to weigh on sentiment. The pan-European STOXX 600 was down 0.71 percent. The banking sector was once again ...
3 ex-bankers jailed over Ireland’s biggest accounting fraud
August 1st, 2016
Three former senior bankers were sent to prison Friday for their roles in concealing the loss of billions in deposits at the defunct Anglo Irish Bank, the biggest accounting fraud in Irish corporate history. Judge Martin Nolan told the ...
The Bank of Japan released Japan’s economy Outlook
July 29th, 2016
Japan’s economy has continued its moderate recovery trend, although exports and production have been sluggish due mainly to the effects of the slowdown in emerging economies. Looking ahead, sluggishness is expected to remain in exports and production for some ...
MasterCard reports Second Quarter 2016 net revenue increase of 13%
July 29th, 2016
Second-quarter net income of $983 million, including a special item, or $0.89 per diluted share Second-quarter net income of $1.1 billion, excluding a special item, or $0.96 per diluted share Second-quarter net revenue increase of 13%, to $2.7 billion Second-quarter gross dollar volume up 11% and ...
Leading London based accounting firm announces investment by HgCapital a private equity firm
July 27th, 2016
Blick Rothenberg, a leading provider of accounting, audit and tax services based in the United Kingdom, has announced today an investment by HgCapital, which will sit within HgCapital’s Services sector. The terms of the transaction were not disclosed. Founded ...
King & Spalding advised Henkel on a $3.6 billion acquisition financing
July 26th, 2016
King & Spalding advised Henkel – a leading Germany-based manufacturer of home care, beauty and adhesive products – on the $3.6 billion acquisition financing for its purchase of US detergent and household products business Sun Products Corporation. Henkel purchased ...
Jersey, Guernsey Eligible For EU Funds Passport
July 25th, 2016
The European Union securities regulator, the European Securities and Markets Authority, said there are no significant obstacles to extending the Alternative Investment Fund Managers Directive (AIFMD) passport to Guernsey and Jersey. ESMA’s view is contained in advice to the ...
Verizon to announce $5 billion deal to buy Yahoo on Monday: source
July 25th, 2016
Verizon Communications Inc (VZ.N) will announce an agreement on Monday to buy Yahoo Inc (YHOO.O) for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, ...
The real message from asset inflation
July 22nd, 2016
The earliest signs are developing of hyperinflation, more correctly described as a collapse of the purchasing power of all the major government currencies. Central bankers are almost certainly unaware of this danger, partly because their chosen statistics fail to ...
