Search Results for: IG Group
India’s economic growth not as expected
June 2nd, 2014
India’s economic growth has remained subdued, due largely to a slowdown in the manufacturing sector, official figures have shown. The economy grew at an annual rate of 4.6% between January and March, below analysts’ forecasts and the same pace ...
SEC Charges Chicago-Based Investment Fund Manager With Stealing Investor Money and Conducting Ponzi Scheme
May 30th, 2014
The U.S. Securities and Exchange Commission has announced fraud charges and an asset freeze against a Chicago-based investment fund manager accused of stealing money he raised from investors to pay personal and business expenses. The SEC alleges that Neal ...
USA ‘to fine BNP Paribas €7 billion’ in sanctions probe
May 30th, 2014
The US is seeking more than €7.4 billion ($10 billion) to resolve a criminal probe into allegations that the French bank evaded US sanctions against Iran, Sudan and Cuba, the Wall Street Journal reported Thursday. BNP – the largest ...
New revenue guidance: Six things to consider
May 30th, 2014
The release Wednesday of a long-awaited new revenue recognition standard had financial statement preparers settling in to read hundreds of pages of text, as standard-setters celebrated the achievement of producing that text. Members of the US Financial Accounting Standards ...
Tax Breaks May Not Be Enough to Jumpstart Crimea’s Struggling Economy
May 30th, 2014
In an effort to jumpstart Crimea’s faltering economy, a government plan could offer tax breaks and other juicy business conditions on the peninsula for the next half century — but even this may not be enough to attract businesses ...
Tesco and China Resources Enterprise agree on retail deal
May 29th, 2014
Tesco has come into a deal with the state-run China Resources Enterprise (CRE) in order to start the largest food retailer in China. The joint venture will combine Tesco’s 131 outlets in the country with CRE’s almost 3,000 stores, ...
Credit Agricole Said to Accuse EU of Bias in Euribor Case
May 28th, 2014
Credit Agricole SA (ACA), which refused to settle an antitrust probe over Euribor manipulation, accused European Union regulators of bias and said they should step down from the case, according to two people with knowledge of a letter the ...
Levine on Wall Street: Wise Rabbits and Philosophical Regulators
May 28th, 2014
Paul McCulley is back. Pimco’s new chief economist is Paul McCulley, back for his third stint at the firm that he previously left in 1992, returned to in 1999, and left again in 2010. So he knows what the ...
Japanese Lawmakers to Lobby Abe for Russian Gas Pipeline
May 28th, 2014
Japanese lawmakers are reviving efforts for a 600 billion yen ($5.9 billion) natural gas pipeline from Russia, which last week signed a supply deal with China, to cut energy costs after the Fukushima nuclear disaster. A group of 33 ...
CySec fines Sheltons Services Ltd
May 28th, 2014
Announcement from CySec The Cyprus Securities and Exchange Commission (‘CySEC’) wishes to inform all interested parties that: 1. On March 27, 2014 CySEC decided to impose a €5.000 fine to Sheltons Services Ltd (the Company) as it provided administrative services ...
