Search Results for: ELA
Draghi’s Trillion-Euro Journey Starts Today
September 18th, 2014
Mario Draghi’s trillion-euro journey is under way. The European Central Bank will announce the result of its first targeted lending program today as part of its effort to stave off deflation in the euro area. Draghi’s first step may ...
CySec: Council regulations over Ukraine
September 18th, 2014
The Cyprus Securities and Exchange Commission (CySec) informs the Cyprus Investment Firms, Management Companies, Administrative Services Companies and Regulated Markets (‘the Regulated Entities’) about the publication in the Official Journal of the European Union the following: 1. Council Regulation (EU) No.959/2014 of ...
Economists can’t tell Scots how to vote
September 17th, 2014
Here is the bad news if you haven’t made up your mind whether to vote for Scotland to become independent – economic analysis cannot give you the answer. That is partly because this dismal science is not capable of ...
Drug maker seeks to block competitor’s inversion
September 17th, 2014
Pharmaceutical company, Endo International, which struck an inversion last year and reincorporated in Ireland, tries to stop an inversion by Auxilium Pharmaceutical, a smaller rival. Endo made on Tuesday an unsolicited offer to buy Auxilium for $28.10 a share ...
Accountant gets three year ban over audit failures
September 16th, 2014
A tribunal has excluded an ICAEW member from membership of the profession for three years following a Financial Reporting Council (FRC) investigation over audit failures. The accountant, Paul Newsham was a former partner, Sixthreeone Limited (formerly known as HWCA), ...
FCA bans and fines financial adviser with £300,000
September 16th, 2014
The Financial Conduct Authority (FCA) has concluded to ban and fine financial adviser, Peter Carron, with the amount of £300,000 after clients lost out investing in companies he controlled. Between 2004 and 2010, Peter Carron, formerly a senior partner at St ...
Defeating India’s disastrous food price inflation with trade
September 16th, 2014
Indian economic data in July on industrial growth and inflation was disappointing. Industrial sector growth slowed to 3.4 per cent in June 2014 with the manufacturing sector, the largest component, growing at an anaemic 1.8 per cent. But the ...
Clyde & Co drafted in by RBS shareholders for potential class action
September 16th, 2014
Clyde & Co partner Julian Connerty is advising a group of shareholders planning to sue the Royal Bank of Scotland (RBS) for allegedly forcing small companies out of business through its global restructuring group (GRG). The action group is ...
Senior BNP Paribas energy traders quit; bank denies downsizing
September 16th, 2014
Two senior BNP Paribas energy traders in New York have left, but the Paris-based bank said on Monday it was not downsizing its U.S. commodity and energy businesses. Keith Shoemaker, managing director of North American natural gas trading, and ...
CEO of tax specialist cleared of wrongdoing after HMRC climb down
September 15th, 2014
The chief executive and a former director of the tax specialist arm of financial group Montpelier have been cleared of cheating the public revenue of £1m, after HM Revenue and Customs (HMRC) dropped the case against them. Watkin Gittins, ...
