Search Results for: Global Markets
Brokers under SEBI’s scanner for moving investors’ money abroad
April 6th, 2015
At least five stock brokers have come under regulatory scanner for siphoning off securities and funds worth over Rs 500 crore from investor accounts for personal gains to foreign locations, including Switzerland and Singapore, as also for private ventures ...
Legal Revenue Grows as Elite Law Firms Set the Pace
April 6th, 2015
Tech sector, M&A fees help to make 2014 law industry’s best year since recession Last year, on average, was the best year for law firms since the recession. But averages can be misleading. Revenue at large, corporate law firms ...
UAE signs up as founding member of Asian Infrastructure Investment Bank
April 6th, 2015
The UAE has joined the China-led US$50 billion Asian Infrastructure Investment Bank (AIIB) as a founding member, the government announced on Sunday. The Abu Dhabi Fund for Development, which has Dh8bn in capital, will represent the UAE government on ...
Asian central banks back in action this week
April 6th, 2015
The week ahead starts with Asian markets digesting the crucial U.S. nonfarm payrolls report, which continued to fuel the ongoing debate over when the Federal Reserve will launch its first interest rate hike. After digesting the U.S. jobs data, ...
Asia up after dismal U.S. jobs data, dollar pressured
April 6th, 2015
Asian shares rose and the dollar steadied but remained under pressure on Monday, after a dismal U.S. jobs report led investors to pare bets the U.S. Federal Reserve would hike interest rates anytime soon. Major European markets were closed from Friday to ...
Citibank Seen as Target for Plea in U.S. Currency Case
April 3rd, 2015
The U.S. Department of Justice is pressing for Citigroup Inc.’s main banking subsidiary to plead guilty to a felony tied to the rigging of foreign-exchange markets, according to two people briefed on the matter. Citigroup has countered with an ...
EU lawyers: EU cannot maintain protection against Chinese imports
April 3rd, 2015
EU lawyers say EU cannot ignore rules on China‘s new WTO status EU yet to decide, could favour China to win favour with Beijing European fears of being forced to lower tariff defences against cheap Chinese imports have grown following a confidential ...
Independent Research firm names KPMG a ‘Leader’ among midsize mobile enterprise application services providers
April 3rd, 2015
KPMG Cited as a Leader among Providers in ReportFocusing on Business-to-Enterprise and Business-to-Business Mobile Capabilities. KPMG has been named a Leader in the Forrester Research, Inc. report, The Forrester Wave™: Mobile Enterprise App Services Providers – Midsize Providers, Q1 ...
China’s thriving brokerage minnows set to come under M&A spotlight
April 3rd, 2015
* Stock market boom saw brokers doubling profits in 2014 * Beijing plans to open up sector to more financial firms * Stiff industry competition ahead to lead to more deals In the shoals of China’s little-known stockbrokers, fast-growing ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
