Search Results for: IG Group
Rangers tax case: questions over HMRC’s motivation
July 11th, 2014
Her Majesty’s Revenue and Customs (HMRC) on Wednesday lost its latest legal fight over a claim that Rangers were liable for a £46.2 million bill over the club’s use of a scheme to make payments to its employees. Placing ...
Eurex Enters FX Trading Business, Could Force CME To Reduce Prices
July 11th, 2014
In its recent monthly volumes breakdown, CME Group reported a decline in trading volumes in the last several months over the year-ago period across almost all derivative classes, other than interest rate derivatives, after a solid start to 2014. ...
Netagio Launches Exchange for Gold, Sterling and Bitcoin Traders
July 11th, 2014
Bitcoin storage firm Netagio has today launched an exchange that allows users to trade bitcoin, pounds sterling and gold. The exchange offers users three order-books, allowing trades between bitcoin and gold, bitcoin and sterling, and gold and sterling. “ ...
Economists downgrade forecasts for U.S. growth
July 11th, 2014
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter. A survey by the National Association of Business Economics, released ...
Global stock markets hit by Portuguese bank concerns
July 11th, 2014
Stock markets in Europe and the US have fallen over concerns about the health of one of Portugal’s biggest banks. Shares in Banco Espirito Santo were suspended after falling 17% following concerns about accounting irregularities at its parent group. ...
Asian Stocks Slip With Won on Portugal as Gold Holds Gain
July 11th, 2014
Asia’s benchmark stock index headed for its first weekly loss since May 9, the cost of insuring bonds in the region climbed and the yen maintained gains with gold amid concern that Europe’s debt problems haven’t been resolved. South ...
Stock futures fall sharply on Portuguese, Italian woes
July 10th, 2014
U.S. stock index futures fell sharply on Thursday as European shares tumbled on growth concerns after weak data out of Italy and concern over the health of Portugal’s top listed bank. With U.S. stocks trading near record highs, the ...
HMRC justifies new powers to take money from your bank account
July 10th, 2014
HMRC is seeking new powers to trawl through debtors’ financial accounts and take money directly if significant debts of over £1,000 are owed. This power has been dubbed ‘Direct Recovery of Debts’. The HMRC Business Plan 2014-16 states that ...
State Street Agrees to Settle Forex Fee Suit for $60 Mln
July 10th, 2014
State Street Corp. (STT) agreed to pay $60 million to settle investor claims it inflated revenue by overcharging clients for foreign-exchange services, in a pact that resolves almost four years of litigation. The preliminary accord filed in Boston federal ...
European Stocks Drop for Fifth Day; Fugro Tumbles
July 10th, 2014
European stocks fell for a fifth day, as Chinese exports (CNFREXPY) missed estimates and some Federal Reserve officials expressed concern over complacency about risks in the economy. U.S. index futures and Asian shares also slid. Fugro NV sank the ...
