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Digital tax increase to take effect in Europe

January 2nd, 2015 (0)
A change in fiscal rules in the EU is raising the tax on many purchases of digital content, such as e-books. Europe’s tax showdown could be headed straight to people’s wallets. With the new year, a change in fiscal ...

Brent drops towards five-year low near $57, supply glut weighs

December 30th, 2014 (0)
Brent oil extended losses into a fourth session on Tuesday, with prices hovering close to a more than five-year low above $57 per barrel, as persistent worries about a global supply glut offset concerns about output disruptions in Libyan. ...

Financial adviser included in a group of Mortgage fraudsters receive 18 years total jail time

December 29th, 2014 (0)
The four fraudsters caught in a £5m mortgage and property scam received jail sentences at Swansea Crown Court totaling just over 18 years. The group, which included a financial adviser and an estate agent, bought and sold properties across ...

Dollar Matches Two-Year High Against Euro as Rupiah Strengthens

December 22nd, 2014 (0)
The dollar rose to match a two-year high versus the euro amid speculation the Federal Reserve will increase interest rates as early as April while other major central banks maintain monetary easing. A gauge of the U.S. currency was ...

UK Government to resume sell-off of its stake in Lloyds Banking Group

December 18th, 2014 (0)
The government is to resume the sell-off of its stake in Lloyds Banking Group over the next six months, potentially disposing of a further £3bn worth of shares in the run-up to the general election. Chancellor George Osborne took ...

Grant Thornton resigns Quarto audit over conflict of issue and Deloitte duly took over with immediate effect

December 17th, 2014 (0)
DELOITTE has scooped the audit account of international publishing group Quarto from incumbent firm Grant Thornton following a conflict of interest issue. Quarto’s directors announced the move to the stock market following the emergence of a conflict of interest ...

Yen Falls From Four-Week High Before Fed as N.Z. Dollar Slides

December 17th, 2014 (0)
The yen retreated from the strongest in four weeks against the dollar before the Federal Reserve concludes a two-day policy meeting today. The yen has been the biggest gainer among the 10-currency Bloomberg Correlation-Weighted Indexes in the past week ...

Yen Gauge Rises to Five-Week High on Haven Bid; Rupiah Declines

December 16th, 2014 (0)
A gauge of the yen climbed to a five-week high as investors sought a haven after crude oil slumped and Russia raised interest rates. Australia’s dollar touched the lowest level in more than four years against the greenback after ...

Switzerland bows to pressure; Tightens money-laundering rules

December 15th, 2014 (0)
The Swiss Parliament has bowed to international pressure, tightening the country’s money-laundering rules. There will be a CHF100,000 ($104,000) cap on cash transactions, and not just foreign dictators, but also senior politicians and officials like Sepp Blatter, will be ...

London FinTech stars join Tech City UK’s Future Fifty scheme as booming digital finance sector steals the spotlight

December 11th, 2014 (0)
The capital’s crown as the financial technology epicentre of the world will be reaffirmed today as seven of London’s rising FinTech stars will join the government-backed Future Fifty scheme. TransferWise, Go Cardless and Algomi are among the group of ...
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