Search Results for: taxes
Russian economy hit by oil price slide
January 25th, 2016
Russia’s economy contracted by 3.7% in 2015, according to preliminary figures published by the country’s statistics service. Retail sales plunged by 10% and capital investment fell by 8.4% in the economy’s worst performance since 2009. In contrast, Russian GDP ...
CFTC Grants Registration to 18 Swap Execution Facilities
January 25th, 2016
The U.S. Commodity Futures Trading Commission (CFTC) today issued Orders granting registration to 18 swap execution facilities (SEFs). The SEFs issued a Registration Order today previously were operating under temporary registration status. SEFs are trading facilities that operate under ...
Google tax deal labelled ‘derisory’, as criticism grows
January 25th, 2016
An agreement for US firm Google to pay £130m in UK back taxes has been labelled as “derisory” and a “sweetheart deal” by critics. The payment covers money owed since 2005 and follows a six-year inquiry by Her Majesty’s ...
Russian Oil: Output Grows as Prospects Shrink
January 25th, 2016
Plummeting prices and U.S.-led sanctions raise questions about Russian oil’s capacity to continue underwriting Putin’s global ambitions In the frosty swamplands of West Siberia, the drilling rigs of oil giant OAO Lukoil are helping raise Russia’s oil output to its highest ...
Deutsche Bank reports preliminary full year and fourth quarter 2015 results
January 21st, 2016
Deutsche Bank (XETRA: DBKGn.DE/NYSE: DB) today announced that it expects to incur a number of charges that will contribute to an overall loss for the fourth quarter 2015: Expected litigation charges of approximately EUR 1.2 billion, the majority of ...
KPMG’s Top Financial Adviser quits over alleged tax scandal
January 21st, 2016
KPMG’s Patrick McCoy quits over alleged tax scandal Patrick McCoy, one of the top financial advisers in the UK, is among 10 people allegedly charged with tax evasion. Days after being accused, McCoy, the head of investment advice and ...
Interactive Brokers Group Announces 2015 Results
January 20th, 2016
REPORTS COMPREHENSIVE EARNINGS PER SHARE OF $0.62, INCOME BEFORE TAXES OF $458 MILLION ON $1,189 MILLION IN NET REVENUES, AND EARNINGS PER SHARE ON NET INCOME OF $0.78. DECLARES QUARTERLY DIVIDEND OF $0.10 PER SHARE. Interactive Brokers Group, Inc. ...
Morgan Stanley Reports Fourth Quarter 2015
January 20th, 2016
– Fourth Quarter Net Revenues of $7.7 Billion and Earnings per Diluted Share of $0.39 – Excluding DVA, Net Revenues of $7.9 Billion and Earnings per Diluted Share of $0.43 – Full Year Net Revenues of $35.2 Billion and ...
Government urged to use Bitcoin-style digital ledgers
January 19th, 2016
The UK’s chief scientific adviser has urged the government to adopt the technology that powers crypto-currency Bitcoin to run various public services. Bitcoins are powered by blockchains – digital ledgers that record information from Bitcoin transactions to DNA. Sir ...
China GDP Slows to Weakest Since 2009 on Manufacturing Slide
January 19th, 2016
As growth ticked lower, yuan and stocks volatility marked 2015 Two-speed divergence as old drivers slow, services do better China’s economy slowed in December, capping the weakest quarter of growth since the 2009 global recession, as the Communist leadership ...
