Search Results for: US authorities
EU competition chief says unclear when Apple tax probe will be decided
April 5th, 2016
A two-year investigation into whether Apple’s (AAPL.O) tax deal with Irish authorities gave the iPhone maker an unfair advantage will take a lot longer because of the large amount of data involved, the EU antitrust chief said on Monday. ...
A tale of two currencies
April 5th, 2016
There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort. In this article I argue that we are in the eye of a financial storm, that it will blow again from ...
Biggest Ever Saudi Overhaul Targets $100 Billion of Revenue
April 4th, 2016
Levies on expats, energy, luxury goods, sugary drinks seen Plan is to boost non-oil revenue to balance budget by 2020 The biggest economic shake-up since the founding of Saudi Arabia would accelerate subsidy cuts and impose more levies, a ...
Greece’s Euro Future May Be Back in Play If Rescue Talks Drag On
April 4th, 2016
Creditors resume talks in Athens on bailout program review Pensions, tax policy remain obstacles, EU officials say Greece could again face the threat of being pushed into default and out of the euro if its current bailout review drags ...
Thomson Reuters acquires FX Benchmarks from State Street Corporation
April 4th, 2016
Thomson Reuters today announced it has acquired WM/Reuters FX benchmark rate calculation business of The World Markets Company (WM) from State Street Corporation. The acquisition will be effective immediately. The acquisition of the WM/Reuters FX benchmark means Thomson Reuters ...
Shell faces corruption probe over $1bn oil deal in Nigeria
March 31st, 2016
Italian officials to investigate company’s role in acquisition of disputed oil block jointly owned with energy group Eni Italian anti-corruption investigators have opened a formal investigation into Shell’s acquisition of a stake in a $1.09bn (£755m) oil block in Nigeria. ...
Iranian Miniskirts, Bags of Cash Raise Doubts Over Controls at HSBC
March 30th, 2016
Monitor finds lapses in bank’s efforts to prevent money laundering and evasion of sanctions following 2012 settlement with Justice Department The monitor overseeing HSBC’s compliance with a landmark anti-money-laundering settlement has uncovered a range of potential lapses including loans ...
Financial Policy Committee statement from its policy meeting, 23 March 2016
March 29th, 2016
1. The Bank of England’s Financial Policy Committee (FPC) assesses the outlook for financial stability by identifying the risks faced by the financial system and weighing them against the resilience of the system. In doing so, its aim is to ...
U.S. succeeds in cracking Apple’s iPhone, drops legal action
March 29th, 2016
The U.S. Justice Department said on Monday it had succeeded in unlocking an iPhone used by one of the San Bernardino shooters and dropped its legal case against Apple, ending a high-stakes legal battle but leaving the broader struggle ...
Virtual Currency that is rival to Bitcoin, attracts attention and has soared in value
March 28th, 2016
A new virtual gold rush is underway. Even as Bitcoin, riven by internal divisions, has struggled, a rival virtual currency — known as Ethereum — has soared in value, climbing 1,000 percent over the last three months. Beyond the ...
