Search Results for: Citi
Britain Urged to Step Back in Feud With E.U.
October 21st, 2014
José Manuel Barroso, the departing president of the European Commission, said Britain’s confrontational stance with European Union states is hurting its chances of winning the policy changes it wants. The departing president of the European Commission warned Britain on ...
Microsoft plans to launch smartwatch soon
October 20th, 2014
Microsoft Corp. (MSFT.O) is on track to launch a smartwatch within the next few weeks that will passively track a user’s heart rate and work across different mobile platforms, Forbes reported on Sunday. The wearable gadget’s battery life will ...
Foreign direct investment in China declines for third month
October 17th, 2014
Foreign direct investment (FDI) for September rose year-over-year, even as the flow of foreign investment for the year to date continued its third month of decline, Reuters reported, citing a statement from the Commerce Ministry. China attracted US$9 billion ...
Merkel urges EU to keep up reforms as crisis not over
October 16th, 2014
German Chancellor Angela Merkel told parliament on Thursday that Europe must push ahead with efforts to cut public deficits and improve competitiveness because the euro zone debt crisis has not yet been overcome and its causes have not been ...
Fall in Oil Prices Poses a Problem for Russia, Iraq and Others
October 16th, 2014
From Moscow to Caracas, Riyadh to Baghdad, in Tehran, Algiers, Kuwait City and Lagos, officials are confronting the plunge in prices — roughly 25 percent since a peak in June. A steep decline in oil prices is straining the ...
Draghi’s Whatever It Takes Bid Saved Euro Area, ECB Says
October 15th, 2014
European Central Bank President Mario Draghi helped save the euro with his pledge to do “whatever it takes” as lenders prepared for a collapse of the currency, an ECB lawyer told a hearing today. The European Court of Justice, ...
China Approves Brokerages to Start HK-Shanghai Trading
October 15th, 2014
China approved brokerages including Central China Securities Co. (1375) to offer trading services that pave the way for the start of a program allowing investors in Shanghai and Hong Kong access to each other’s stock markets. Central China shares ...
Calculating the Grim Economic Costs of Ebola Outbreak
October 14th, 2014
The topic everyone on Wall Street is discussing urgently but quietly isn’t the volatile global stock market. It is Ebola. While thousands of health care workers seek to control the deadly virus in West Africa, and the Centers for ...
In Court, Lawyer Calls E.C.B. Bond Plan ‘an Egregious Extension’ of Powers
October 14th, 2014
In legal news, Europe’s highest appeals court began hearing arguments on Tuesday morning on a suit that aims to block a European Central Bank bond-buying program that has never been deployed — but whose mere announcement two years ago ...
FATCA and the real cost of compliance
October 14th, 2014
Foreign account tax Compliance Act (FATCA) was introduced by the US government in the year 2010. The main focus of FATCA act is to reduce tax evasion by foreign finance institutions through offshore Accounts and shell companies. Apart from ...
