Search Results for: UBS AG
New Chairman for UHY
November 12th, 2015
UHY, the international accounting and consultancy network, has elected Bernard Fay as the new chairman of UHY, following 17 years as a UHY Board Director. With Bernard’s election, the UHY network will be led for the first time by ...
SFC on Investors fraud: Maxim Trader site suspended and $23.5 million assets of Maxim Capital Limited freezed
November 12th, 2015
The Court of First Instance has granted various interim orders against Maxim Capital Limited (Maxim Capital), an unlicensed investment firm, including freezing all its monies in Hong Kong totalling approximately $23.5 million following legal proceedings brought by the Securities ...
The Middle East Could Face A Historic Crisis By Century’s End
November 10th, 2015
Regarding the Middle East and its oil, the late Sheikh Rashid Bin Saed Al Maktoum, longtime Emir of Dubai and Prime Minister of the United Arab Emirates, once famously remarked: “My grandfather rode a camel, my father rode a camel, ...
HSBC hopes to leapfrog rivals with new China partnership
November 10th, 2015
HSBC to use JV to tap China’s onshore bond market Foreign rivals on restrictive licences have made little inroad HSBC will have full control of JV and broader licence Risk of rising defaults in slowing Chinese economy HSBC is ...
Pimco Asks Court to Throw Out Bill Gross’s Civil Suit
November 10th, 2015
Firm calls suit ‘legally groundless and sad postscript’ to a storied career Pacific Investment Management Co. on Monday asked a California court to throw out the civil lawsuit of bond investor Bill Gross, saying the complaint is “legally groundless” ...
FSB publishes report on implementation and effects of the G20 financial regulatory reforms
November 10th, 2015
The Financial Stability Board (FSB) published today its first annual report to the G20 on the Implementation and effects of the G20 financial regulatory reforms. The report describes progress by FSB member jurisdictions in implementing the financial reforms agreed in ...
OPEC’s Strategy Seen Potentially Backfiring
November 10th, 2015
Decision against controlling oil output could add to sustained period of low oil prices and dent revenues, IEA says OPEC’s unwillingness to limit its oil output could help usher in a sustained period of low prices and more pain ...
MTN CEO Dabengwa Resigns After $5.2 Billion Nigeria Penalty
November 9th, 2015
Dabengwa is replaced by Chairman Nhleko for up to six months The shares pare early losses to trade higher in Johannesburg MTN Group Ltd. Chief Executive Officer Sifiso Dabengwa unexpectedly resigned from Africa’s biggest mobile-phone operator to take responsibility ...
HMRC imposes 45% corporation tax without warning
November 9th, 2015
The government have imposed a 45% corporation tax on restitution interest from 21 October without any warning or consultation. Corporations will be charged at the special rate of 45% instead of the normal 20% rate of corporation tax on restitution interest. Businesses ...
Goldman’s BRIC Era Ends as Fund Folds After Years of Losses
November 9th, 2015
BRIC fund loses 21% in five years, leading to investor exodus Acronym-based investment strategy comes under greater scrutiny The BRIC era is coming to an end at Goldman Sachs Group Inc. The bank’s asset-management unit folded its money-losing BRIC ...
