Search Results for: ELA
European Stocks Climb on Chinese Economic Growth Report
July 16th, 2014
European stocks advanced, rebounding from yesterday’s decline, as a report showed China’s economy expanded in line with the government’s target. U.S. index futures and Asian shares were little changed. Gtech SpA gained 3 percent after agreeing to buy International ...
Hedge-Fund Boutiques Show Dubai Nurturing Oasis Trading: Cities
July 16th, 2014
When Ahmad Zuaiter started a frontier-markets hedge fund, the former Soros Fund Management LLC money manager chose Dubai over New York and London. Zuaiter’s Jadara Capital Partners LP and VY Capital Management Co. Ltd. opened in the emirate in ...
SEBI bars Satyam’s B Ramalinga Raju, 4 others from capital markets for 14 years
July 16th, 2014
The Securities and Exchange Board of India on Tuesday barred former Satyam Computer Services, founder-chairman B Ramalinga Raju and four others from the market for 14 years for perpetuating the biggest accounting fraud in the country. The capital market ...
Emerging Nations Bloc to Open Development Bank
July 16th, 2014
At a meeting in Brazil, the leaders of Brazil, Russia, India, China and South Africa announced on Tuesday that they were establishing a development bank to challenge the influence of venerable institutions like the World Bank and the International ...
ESMA details new market abuse regime
July 15th, 2014
The European Securities and Markets Authority (ESMA) has launched a consultation on the new Market Abuse Regulation (MAR) which entered into force on 2 July 2014. It is issuing two consultation papers seeking stakeholders’ views on the draft regulatory ...
IFRS Foundation and ESMA sign joint Statement of Protocols
July 15th, 2014
The IFRS Foundation and the European Securities and Markets Authority (ESMA) today announced the agreement of a joint Statement of Protocols to serve as the basis for future co operation in areas of mutual interest. The IFRS Foundation, through ...
EU’s Juncker says countries should get incentives to reform, warns on U.S. trade pact
July 15th, 2014
Euro zone countries should get financial incentives if they make ambitious economic reforms, the designated candidate to become the president of the European Commission said on Tuesday. Speaking to lawmakers in the European Parliament who will later vote on ...
China’s corruption purge nears tricky second phase
July 15th, 2014
China is entering the second stage of its colossal fight against graft. Nabbing high-profile culprits was a good start. Now, other miscreants have to believe the same could happen to them. Finally, the rewards for good behaviour must be ...
Ernst & Young settles SEC accusations for $4 million
July 15th, 2014
Ernst & Young agreed to pay $4 million to settle charges that it compromised its independence. Ernst & Young has agreed to pay $4 million to settle charges by the Securities and Exchange Commission that its auditors illegally lobbied ...
UK Government defends mass interception of online data at tribunal
July 15th, 2014
Mass interception of online communications by intelligence agencies is necessary – even if only one person is being targeted, lawyers for the UK government have told a tribunal hearing complaints about surveillance. The government’s arguments were disclosed as lawyers ...
