Search Results for: US authorities
VW emissions scandal: Porsche and luxury Audi and VW models have cheat device says US EPA
November 3rd, 2015
Volkswagen has found itself embroiled in a widening emissions scandal after the US Environmental Protection Agency accused the company of using illegal software in certain six-cylinder diesel engines that drags Porsche and luxury Audi and VW models into the ...
Mario Draghi Interview: We must propose a way forward to Europeans
November 2nd, 2015
Interview with Il Sole 24 Ore Interview with Mario Draghi, President of the ECB, conducted by Alessandro Merli and Roberto Napoletano, published on 31 October 2015 President Draghi, in Malta last week, you stressed the downside risks for both ...
China police bust major futures manipulation case
November 2nd, 2015
Police have netted three suspects and is seeking to arrest more overseas for pocketing huge funds via manipulating futures trades, the Ministry of Public Security announced Sunday in a statement. Authorities locked onto “Yishidun,” an international trade company founded ...
Brussels orders EU countries to claw back ‘illegal’ tax rulings
October 22nd, 2015
Europe’s competition chief ordered the Netherlands to recover €20-30 million in back taxes from Starbucks on Wednesday (21 October) and told Luxembourg to claim the same amount from Fiat Chrysler Automobiles. The move is a heavy blow to profit-shielding ...
European Court of Justice: Bitcoin is a currency and exchanges are VAT-exempt
October 22nd, 2015
The European Court of Justice (ECJ) has ruled that bitcoin exchange transactions should be exempt from VAT. The ECJ ruling stated that bitcoin transactions “are exempt from VAT under the provision concerning transactions relating to currency, bank notes and ...
Facebook’s transfer of European Union users’ data to the United States – Court ordered investigation
October 22nd, 2015
Irish court orders investigation of Facebook data transfers to US Ireland’s High Court on Tuesday (20 October) ordered an investigation into Facebook’s transfer of European Union users’ data to the United States, to make sure personal privacy was properly ...
Barclays settles civil lawsuits for US$ 325m
October 20th, 2015
Barclays Settles Certain RMBS Securities Claims with the National Credit Union Administration (NCUA) Barclays has issued a press release to inform investors reached a settlement with the NCUA to resolve two outstanding civil lawsuits for US$ 325m. These lawsuits are part of ...
Regulatory authorities of Italy and Belgium warn the public for unauthorised investment firms
October 13th, 2015
The Commissione Nazionale per le Società e la Borsa (Consob), the regulatory authority of Italy and the Financial Services and Markets Authority (FSMA), the regulatory authority of Belgium, have issued “Warning” announcements to inform investors and public for companies ...
Facebook paid £4,327 corporation tax despite £35m staff bonuses
October 12th, 2015
Social networking firm paid average of £210,000 to staff in Britain, but overall loss in UK of £28.5m meant very little corporation tax was due Staff at Facebook’s UK arm took home an average of more than £210,000 last ...
Hackers targeted retail brokerage Scottrade customers
October 5th, 2015
Scottrade has issued an announcement to inform investors in relation to cybersecurity crimes investigations involving the theft of information from the company. Scottrade says that: “Federal law enforcement officials recently informed us that they’ve been investigating cybersecurity crimes involving ...
