Search Results for: Pound
Volkswagen recall plans rejected by US regulators
January 13th, 2016
US regulators have rejected Volkswagen’s recall plan for diesel cars fitted with emissions “cheat” devices. The California Air Resources Board said the proposals did “not adequately address overall impacts on vehicle performance, emissions and safety”. The board also said ...
Israel’s foreign currency market in 2015
January 12th, 2016
The Exchange Rate Moderate weakening of the shekel against the dollar, in parallel with the strengthening of the dollar worldwide. In 2015, the shekel weakened by 0.3 percent against the dollar. The exchange-rate trend was not consistent—until June, the ...
VAT MOSS traders question business status
January 12th, 2016
Businesses caught up in the EU VAT changes are considering if they are actually “in business” and within the scope of the VAT MOSS scheme, following a recent HMRC briefing document. The tax authority’s latest guidance states that the compliance rules only apply “where supplies are made ...
CMC Markets to decide on stock market float
January 12th, 2016
CMC Markets, the spread-betting company founded by City of London financier Peter Cruddas, will decide whether to float on the stock exchange this week. The float would make millions of pounds for Hackney-born Cruddas, who founded the company with ...
Egyptian central bank outlines plan to help small firms
January 11th, 2016
Egypt’s central bank on Sunday issued guidelines on how it will incentivise banks to participate in a “comprehensive programme” to help finance small- and medium-sized enterprises in the latest move to try and create jobs and support its battered ...
Euribor trial: 11 former Barclays, Deutsche Bank and Societe Generale employees set for first court appearance over rate fixing allegations
January 11th, 2016
Nearly a dozen people accused of manipulating a key rate of lending between European banks are due to make their first appearances in court this week in the latest of several rate rigging prosecutions brought by the Serious Fraud Office. 11 former employees of Barclays, Deutsche Bank and Societe ...
Asian stocks steeply lower after China suspends trade early
January 7th, 2016
China’s stocks were suspended from all trade on Thursday after the CSI300 tumbled more than 7 percent in early trade, triggering the market’s circuit breaker for a second time this week. That drop-kicked stock markets across Asia, which were already ...
The ‘Bitcoin Island’accept the digital currency for everyday transactions
January 4th, 2016
Bitcoin: How the Isle of Man is leading a cryptocurrency revolution A scattering of businesses on ‘Bitcoin Island’ accept the digital currency for everyday transactions alongside sterling Like most coffee shops, Java Express in Douglas offers its clientele ...
Asia trades mixed, ASX sheds 2% for the year
December 31st, 2015
Asian markets were treading water on the final trading day of 2015, with investors eyeing oil prices for further clues after a turbulent year for stocks. The Australian market, which closed early, shed over 2 percent for the year ...
Britain’s stock market just had its worst year since the financial crisis
December 30th, 2015
2015 is a year that investors in Britain’s biggest companies won’t want to repeat for a long, long time, and it’s all down to crashing commodity prices. At the time of writing, the FTSE 100, Britain’s blue chip share index dropped by ...
