Search Results for: SME
Swiss to Vote on Federal Inheritance Tax
June 9th, 2015
Opponents say the measure could cripple hundreds of Switzerland’s small and midsize companies Switzerland will vote this month on introducing a federal inheritance tax, a levy that opponents say could threaten the small and midsize companies that employ roughly ...
Japan’s revised Q1 growth blows past expectations
June 8th, 2015
Japan posted stronger-than-expected growth in the first quarter as a pickup in capital spending drove the world’s number three economy, but some economists warn that the recovery could be short-lived. The 1.0% expansion in January-March—or 3.9% on annualised basis—was ...
Lloyds Banking Group fined £117m for failing to handle PPI complaints fairly
June 5th, 2015
The Financial Conduct Authority (FCA) has issued its largest ever retail fine (£117m) to Lloyds Bank Plc, Bank of Scotland Plc and Black Horse Ltd (together Lloyds) for failing to treat their customers fairly when handling Payment Protection Insurance ...
New Bundesbank projection: German economy shows an upward trend
June 5th, 2015
The German economy has recovered more quickly than expected from the cyclical lull in the middle of last year and has returned to a growth path that is underpinned by both domestic and foreign demand. “Domestic economic activity is ...
US economy expanded between April and May says Federal Reserve
June 4th, 2015
The US Federal Reserve said the economy grew between April and May in its latest assessment of the economy, rebounding from a contraction in the first quarter. In the so-called Beige book, it said surveys from across the country ...
FTSE 100 companies to cough up £24bn in legal liabilities
June 3rd, 2015
Companies forced to delay dividends and sell off assets to pay legal costs FTSE 100 companies have warned their shareholders they face total legal liabilities of £24bn, according to Thomson Reuters. Raichel Hopkinson, head of the practical law dispute ...
World Stock Exchanges announce trading volumes for May 2015
June 3rd, 2015
Moscow Exchange Moscow Exchange announces trading volumes for May 2015. The Derivatives Market and FX Market posted the strongest growth, with volumes increasing 33% and 27% YoY, respectively. Secondary market turnover in bonds increased 12%. Equity & Bond Market Secondary market ...
Statement by Glenn Stevens, RBA Governor: Monetary Policy Decision
June 2nd, 2015
At its meeting today, the Reserve Bank of Australia (RBA) Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, but some key commodity prices are much lower than ...
Bank of Israel leaves June interest rate unchanged
May 26th, 2015
The Bank of Israel has left the rate unchanged at an historic low of 0.1% for the third consecutive month. The Bank of Israel Monetary Committee headed by Governor Dr. Karnit Flug has kept the interest rate for June unchanged at ...
Emirates Global Aluminium to spend $5bn boosting capacity
May 26th, 2015
State-owned Emirates Global Aluminium (EGA) is spending US$5.2 billion to boost capacity at its smelter in Dubai and build an alumina refinery in Abu Dhabi, a company executive said yesterday. EGA, the world’s fifth-largest aluminium producer, was formed last ...
