Search Results for: EU
JPMorgan: Feds pursue criminal forex probe
November 4th, 2014
JPMorgan said it faces a criminal probe of its foreign exchange business and boosted its legal budget by $1.3B. JPMorgan Chase (JPM) disclosed Monday that the New York-based global bank is in talks with the Department of Justice over ...
Jury acquits ex-Swiss banker in tax-dodging case
November 4th, 2014
Raoul Weil acquitted of charges he helped wealthy Americans to hide $20B from the IRS. A federal jury acquitted a former top Swiss banking executive of U.S. charges that he conspired with wealthy Americans to hide $20 billion in ...
Dow, S&P 500 close slightly lower; semis boost Nasdaq
November 4th, 2014
The S&P 500 and the Dow closed with slight losses on Monday after briefly touching intraday records, but strength in semiconductors boosted the Nasdaq. Monday’s subdued trading followed the Dow’s biggest weekly gain since January 2013 and the S&P’s ...
Japan Stocks Rise, Standing Out Amid Asian Markets
November 4th, 2014
Asian stocks dipped as China growth slowed, but the Nikkei index rallied because of a weak yen. Asian stocks dipped on Tuesday with latest signs of slower growth in China and the euro zone, although Japan rose to seven-year ...
Merkel Toughens Position on Britain’s E.U. Demands
November 4th, 2014
Prime Minister David Cameron of Britain, under mounting pressure from anti-European populists, continued to insist on new measures limiting the right of Europeans to live and work there. Chancellor Angela Merkel of Germany has indicated that she is prepared ...
Apple plans investor call ahead of a potential bond sale
November 3rd, 2014
Apple Inc (AAPL.O) is planning an investor call on Monday ahead of a potential bond sale, the Wall Street Journal reported, citing a banker working on the deal. Deutsche Bank AG (DBKGn.DE) and Goldman Sachs Group Inc (GS.N) are ...
ACCA: Tax offence penalises ‘simple ignorance’
November 3rd, 2014
The creation of a new, strict liability offence to tackle offshore tax evasion may have serious unintended consequences, the Association of Chartered Certified Accountants (ACCA) has warned. In its formal response to HMRC’s consultation on the proposed new offence, ...
Accounting For Startups
November 3rd, 2014
When you first bring a newborn home from the hospital and want reassurance the baby is doing ok, you’ll probably listen periodically for breathing sounds. It’s unlikely that you’ll track the number of breaths per minute and compare it ...
German manufacturing sector rebounds in Oct after Sept dip – PMI
November 3rd, 2014
German factory activity rebounded in October after shrinking slightly in September for the first time in over a year, although there are signs of weak domestic demand in Europe’s largest economy, a survey showed on Monday. Markit’s Purchasing Manager’s ...
Hedge funds pursue alternative lending
November 3rd, 2014
Sharp-suited hedge fund managers used to look down with disdain at the humdrum world of commercial banking. Now, this low-octane finance is being viewed by some as the biggest opportunity in a generation. In the past year some of ...
