Search Results for: Allen
Hedge Funds Lose Faith in Oil Rally as OPEC Seen Boosting Supply
May 18th, 2015
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012. Their net-long position in West Texas Intermediate crude dropped 2.1 percent, as long wagers fell the most in ...
AICPA Proposes Six-Point Plan to Improve Audit Performance
May 15th, 2015
The American Institute of CPAs (AICPA) today released a Six-Point Plan to Improve Audits that provides a roadmap for the profession’s continued journey to audit excellence. The plan concentrates on financial statement audits for private companies, employee benefit plans and governmental entities in ...
Central Bank of Russia: Acts to Rein In Russia’s Ruble Rally
May 15th, 2015
The Russian ruble fell sharply on Thursday after the Central Bank announced it was buying foreign currency worth $100-200 million daily to replenish its reserves, a sign it thinks the ruble has strengthened enough. At 8 p.m., the ruble ...
U.S. SEC a stumbling block in banks’ forex guilty pleas – sources
May 15th, 2015
Banks want assurances from U.S. regulators that they will not be barred from certain businesses before agreeing to plead guilty to criminal charges over the manipulation of foreign exchange rates, causing a delay in multibillion-dollar settlements, people familiar with ...
Forex Probes Caused by Isolated Traders’ Misbehavior, Task Force Chief Says
May 14th, 2015
A few individuals are responsible for a scandal that is costing banks billions A few traders are responsible for the foreign-exchange scandal that is costing banks billions in fines, said the central banker assigned to help restore confidence in ...
Greece clears IMF hurdle but don’t relax just yet
May 12th, 2015
With news that talks between Greece and its lenders are making slow but sure progress and Greece made a multi-million euro loan repayment to one of its lenders a day early, goodwill towards the country is hitting highs not ...
Nasdaq Launches Enterprise-Wide Blockchain Technology Initiative
May 12th, 2015
Initial Application for Nasdaq Private Market Appoints Blockchain Technology Evangelist to Lead Effort Nasdaq (Nasdaq:NDAQ) announced plans to leverage blockchain technology as part of an enterprise-wide initiative. Nasdaq will initially leverage the Open Assets Protocol, a colored coin innovation ...
China’s imports plunge in new sign of economic weakness
May 8th, 2015
China‘s imports and exports contracted again in April in a new sign of economic weakness, adding to pressure on Chinese leaders to reverse a politically dangerous slump. Imports fell by a bigger-than-expected 16.2 percent over a year earlier to ...
Number of law firms planning to raise charge out rates increases
May 7th, 2015
Third of commercial firms likely to raise rates in bid to boost profits, despite continued client pressure on fees The number of commercial law firms expecting to overcome customer resistance and increase charge out rates over the coming year ...
Statistical evidence from Acritas reveals law firm brand growth is linked to revenue growth
May 7th, 2015
Law firms which have grown their brands the fastest over the last four years have seen 45% faster growth in revenue compared to the rest of the field. Over the past four years, Acritas has conducted more than 2,600 ...
