Search Results for: ELA
Bank of America instructs Shearman & Sterling disputes head for forex lawsuit
June 19th, 2014
Shearman & Sterling has landed a major advisory role for Bank of America on a sprawling US lawsuit over alleged rates rigging in the foreign exchange market. A filing earlier this month shows a New York-based group of Shearman ...
US central bank cuts growth forecast for 2014
June 19th, 2014
The US Federal Reserve has cut its growth forecast for 2014 because of the harsh winter weather. The central bank is now predicting growth of between 2.1% and 2.3% for this year, down from its March forecast of 2.8% ...
European court to rule on allegations Facebook passes personal data to NSA
June 18th, 2014
A European court has been asked to rule on a landmark case which seeks to force watchdogs to audit the personal data Facebook allegedly releases to US spy chiefs. The high court in Dublin has referred to Strasbourg a ...
There Might Be a Lot of Insider Trading
June 18th, 2014
As I may have mentioned over and over and over and over and over again, the first rule of insider trading is just don’t insider trade, but the second rule is: If you have inside information about an upcoming ...
Brokers offer hope of revival in corn futures
June 18th, 2014
Brokers, citing hedge fund positioning and the firm US cash market, offered hope of at least a temporary lull in the selling in US corn, even as prices staged a small rebound from their weakest close in four months. ...
Three large multinationals under pricing investigations
June 18th, 2014
The European Commission has launched an investigation into the transfer pricing arrangements of three large multinationals about how they’re treated in three countries. The companies are Apple in Ireland, Fiat Finance and Trade in Luxembourg and Starbucks in the ...
Bernie Madoff’s Accountant Paul Konigsberg to Plead Guilty to Fraud Charges
June 18th, 2014
Convicted fraudster Bernard Madoff’s former accountant Paul Konigsberg is expected to plead guilty to charges in connection with the swindler’s $65bn Ponzi scheme, a US prosecutor has said. Konigsberg, a former senior tax partner at Konigsberg Wolf & Co, ...
China signs £14bn trade deals with UK amid Premier’s visit
June 18th, 2014
China says it wants to back major UK infrastructure projects and has signed £14bn in trade deals. The news comes on the first full day of a visit by its leader. The BBC understands the projects the state-owned China ...
China Auditor Blames CIC Mismanagement for Investment Losses
June 18th, 2014
Mismanagement at China Investment Corp., the nation’s $575 billion sovereign wealth fund, led to overseas investment losses that could widen, according to the National Audit Office. A dereliction of duty by managers, inadequate due diligence and post-investment management were ...
European companies continue to be impacted by the sovereign debt crisis
June 16th, 2014
Despite signs of improving stability in the European economy, strong headwinds from the sovereign debt crisis continue to impact corporate defaults. The sovereign debt crisis affecting much of Europe continued to impact the economic stability of the entire continent ...
