Search Results for: Sage
Kleiner to invest in Snapchat at near-$10 billion valuation
August 27th, 2014
Venture capital firm Kleiner Perkins Caufield & Byer has agreed to invest in fast-growing messaging startup Snapchat at a valuation close to $10 billion, the Wall Street Journal reported on Tuesday, citing people with knowledge of the matter. The ...
Interview with Danièle Nouy, Chair of the SSM
August 26th, 2014
Interview with Danièle Nouy, Chair of the Supervisory Board of the Single Supervisory Mechanism (SSM), conducted by Theano Theiopoulou from Phileleftheros newspaper: 1. How is preparatory work for the Single Supervisory Mechanism (SSM) progressing? Will everything be ready by 4 November? As ...
Amazon snaps up live video startup Twitch for $970 million
August 26th, 2014
Amazon.com Inc snapped up live-streaming gaming network Twitch Interactive for about $970 million in cash, reflecting Chief Executive Officer Jeff Bezos’ resolve to transform Amazon into an Internet destination beyond its core retail operations. The move, announced by the ...
Scotland to impose its own tax authority
August 22nd, 2014
Edinburgh took a step closer to operating its own version of HMRC this week, after the Scottish parliament passed the Revenue Scotland and Tax Powers Bill. The chair of the Chartered Institute of Taxation’s (CIOT) Scottish technical subcommittee, Moira ...
Judge scolds Argentina, but no contempt order
August 22nd, 2014
Nation’s plan to evade legal orders, failing to make required payments to U.S. bondholders is illegal. According to a federal judge in Manhattan, Argentina’s plans to evade his orders by failing to make required payments to U.S. bondholders is ...
Samsung Told by Tax Man to Use Apple-Topping Cash: Korea Markets
August 21st, 2014
Samsung Electronics Co. is sitting on a cash pile 58% bigger than Apple Inc. (AAPL)’s war chest. The tax man has a message for South Korea’s biggest company: “Use it or lose it.” The government of President Park Geun ...
PWC fined $25m regarding Bank of Tokyo consult issues
August 19th, 2014
PWC has been fined $25m (£15m) and banned from some consulting work for two years by New York State’s financial regulator because of misconduct during work at Bank of Tokyo-Mitsubishi. The deal, agreed yesterday with New York’s Department of ...
Billionaire Named in Suit Against Anti-Iran Group
August 19th, 2014
A billionaire Wall Street commodities investor has been drawn into a court fight against one of the nation’s most influential anti-Iran advocacy groups. The fight stems from a defamation lawsuit by Victor Restis, a Greek businessman whom the group, ...
FCA Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’)
August 12th, 2014
Financial Conduct Authority (FCA) Thematic Review: Best Execution and Payment for Order Flow (‘PFOF’) FCA thematic review of best execution and Payment for Order Flow (‘PFOF’) found that many firms do not understand key elements of FCA requirements and ...
The Tricks of China’s Trade
August 11th, 2014
Last year, China ostensibly reached another milestone in its meteoric rise, surpassing the United States to become the world’s largest trading country, with its total trade turnover valued at CN¥25.83 trillion ($4.16 trillion). But this achievement is largely illusory ...
