Search Results for: ELA
Lloyd’s sells €1.1bn of bad bank to Lone Star
October 16th, 2014
Lloyds has jettisoned €1.1bn (£883m) of bad bank. Lloyds Banking Group, which is partly owned by the UK government, has sold its Irish residential home loans to Lone Star, a US private equity group. Lloyds’s Irish operation was heavily ...
Islamic Corporation for the Development of the Private Sector (ICD) signs two MoUs in Washington DC
October 16th, 2014
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IsDB), and the Small Enterprise Assistance Funds (SEAF), a US-based international financial institution mandated to promote economic development ...
The Rise and Fall of the Cypriot Economy (Part 1)
October 16th, 2014
Part 1 – Blue Skies, Growth & Wealth Development The Cypriot economy has had its fair share of ups and downs over the past 60 years since the island gained independence from the United Kingdom. The purpose of this ...
Australia 200 – Bounces Strongly Off Support at 5100
October 15th, 2014
Australia 200 for Wednesday, October 15, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 ...
Three more directors suspended as Tesco scandal inquiry continues
October 15th, 2014
Three more Tesco directors were suspended yesterday as part of the £250m accountancy scandal at the UK’s biggest supermarket. Dan Jago, director of beers and wines, William Linnane, director of impulse purchases, and Sean McCurley, director of convenience, were ...
Canada To Implement 2014 Budget Tax Provisions
October 15th, 2014
The Canadian Government has tabled a detailed Notice of Ways and Means Motion to implement tax provisions contained in its 2014 Budget, along with a number of previously unannounced measures. Finance Minister Joe Oliver said: “Canada’s Economic Action Plan ...
In Court, Lawyer Calls E.C.B. Bond Plan ‘an Egregious Extension’ of Powers
October 14th, 2014
In legal news, Europe’s highest appeals court began hearing arguments on Tuesday morning on a suit that aims to block a European Central Bank bond-buying program that has never been deployed — but whose mere announcement two years ago ...
$20 Billion Property Trusts in India halted by Tax Rules
October 14th, 2014
The Indian government has announced rules for setting up real estate investment trusts, vehicles that may spur $20 billion of property development. None of the money will be spent unless the country’s tax code is revised. “REITs cannot take ...
Da La Rue’s share price climbs after BoE’s 10 year deal
October 14th, 2014
De La Rue’s share price rose after its 10-year deal to print sterling bank notes received the final approval. The printer and passport manufacturer will take on the new contract, producing bank notes from the Bank of England’s base ...
CSSF imposes administrative fine on Roadchef Finance Ltd
October 13th, 2014
CSSF, Luxembourg’s financial regulator, fined RoadChef Finance Limited according to Article 25(1) of the law of 11 January 2008 on transparency requirements for issuers of securities (the “Transparency Law“). The CSSF noticed that the issuer in question failed to act ...
