Search Results for: VAT
Predatory Trading Rules Considered in Canada
June 13th, 2014
The Ontario Securities Commission may consider measures to regulate high-frequency trading if evidence of predatory activity is found as it reviews its market-structure policies, Chairman Howard Wetston said. “The important question for us is, is our market fair?” Wetston ...
US stocks retreat; Dow record winning streak ends
June 12th, 2014
The Dow Wednesday snapped a four-day streak of record highs in a US equity retreat attributed in part to a shock Republican primary election and profit taking. At the closing bell, the Dow Jones Industrial Average slumped 99.73 points ...
FASB Seeks to Simplify Accounting Rules
June 12th, 2014
With an eye on simplification, the Financial Accounting Standards Board has taken up a few short-term projects to cut some unnecessarily complexity out of accounting rules and finalized new rules for development-stage entities. FASB recently decided based on constituent ...
Europe Bankers Cringe at Rising U.S. Fines Amid BNP Probe
June 12th, 2014
HSBC Holdings Plc (HSBA) Chairman Douglas Flint had some advice for bank executives meeting in London last week: Read up on how the U.S. uses financial warfare against its enemies in a foreign-policy shift that’s entangling lenders. Since HSBC ...
Asian Stocks Retreat From Six-Year High as Kiwi Advances
June 12th, 2014
Asian stocks fell, with the regional benchmark index retreating from its highest close in six years, after U.S. stocks dropped by the most in three weeks. Euronext delayed the opening of cash markets due to a “critical issue” while ...
Tel Aviv acquires the first Bitcoin ATM in Middle East
June 11th, 2014
The first Bitcoin ATM will be launched in the Middle East and more precisely in Tel Aviv . Bitcoin is a peer-to-peer virtual currency that allows for transactions between users without any third party or middle man. The “cash-out ...
Slow Your Judgments on Fast Trading
June 11th, 2014
In a recent pair of articles, hedge-fund magnate Cliff Asness defended high-frequency trading against most of the attacks that have been leveled against it. Asness is known for his strong opinions. And while I’m generally on his side in ...
Microsoft fights U.S. search warrant for customer e-mails held in overseas server
June 11th, 2014
Microsoft, one of the world’s largest e-mail providers, is resisting a government search warrant to compel the firm to turn over customer data held in a server located overseas. In what could be a landmark case, the Redmond, Wash., ...
Fed Prepares to Keep Super-Sized Balance Sheet for Years to Come
June 11th, 2014
Federal Reserve officials, concerned that selling bonds from their $4.3 trillion portfolio could crush the U.S. recovery, are preparing to keep their balance sheet close to record levels for years. Central bankers are stepping back from a three-year-old strategy ...
FCA finalises rules to improve the protection of client money and custody assets
June 10th, 2014
The Financial Conduct Authority (FCA) has announced in a press release that it has finalised changes to the client money and custody assets (client assets) rules. These changes affect approximately 1,500 FCA regulated firms that carry out investment business, ...
