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Oil Prices Rise on Hint of Willingness to Cut Supplies

January 27th, 2016 (0)
Iraq’s oil minister cites signs that Saudis, Russia may be more ‘flexible’; other OPEC leaders defend pumping strategy Oil prices rose above $30 a barrel Tuesday as traders speculated that large producers might be more willing to cut production, ...

UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK

January 26th, 2016 (0)
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...

PwC builds identity and access management capability with acquisition of Praxism UK

January 25th, 2016 (0)
PwC is strengthening its fast-growing cyber security practice with the acquisition of Praxism, an Edinburgh-based consultancy specialising in identity and access management (IDaM). Praxism is renowned for solutions to effectively tackle staff, customer and consumer identity management problems faced ...

Europe’s big banks remain wary of doing business with Iran

January 25th, 2016 (0)
Sanctions have been lifted but uncertainty over US authorities’ stance means banks are reluctant to handle payments A week after the lifting of sanctions against Iran, major European banks are still reluctant to handle Iranian payments as they remain wary of ...

China, Iran Agree to Expand Trade to $600 Billion in a Decade

January 25th, 2016 (0)
China and Iran mapped out a wide-ranging 25-year plan to broaden relations and expand trade during the first visit by a Chinese leader to the Islamic republic in 14 years. President Xi Jinping met with his counterpart Hassan Rouhani ...

S.Korean antitrust agency probes Volkswagen over emissions ads

January 22nd, 2016 (0)
South Korea’s antitrust regulator is probing Volkswagen AG over its advertising claims on emissions from its cars, an official at the agency told Reuters on Friday. The Fair Trade Commission official said a probe is under way without elaborating. ...

KPMG’s Top Financial Adviser quits over alleged tax scandal

January 21st, 2016 (0)
KPMG’s Patrick McCoy quits over alleged tax scandal Patrick McCoy, one of the top financial advisers in the UK, is among 10 people allegedly charged with tax evasion. Days after being accused, McCoy, the head of investment advice and ...

Oil plumbs new lows below $27 as oversupply woes persist

January 21st, 2016 (0)
U.S. oil prices crashed below $27 dollars a barrel on Wednesday for the first time since 2003, caught in a broad slump across world financial markets with traders also worried that the crude supply glut could last longer. Oil ...

Asia markets take another tumble as rout persists

January 21st, 2016 (0)
Markets in Asia lost early gains and tumbled into negative territory in afternoon trade, following another selloff on Wall Street overnight on global growth concerns, uncertainty in China and fresh lows in oil prices. The Shanghai composite touched its ...

FTSE 100 index plunges into ‘bear market’ territory as oil price rout wipes another £52bn off top-flight share values

January 21st, 2016 (0)
Footsie plunged 203 points or 3.5% to close at 5,673 That means £52bn has been wiped off blue-chip share values today Now more than 20% below April 2015’s 7,103 high – firmly a bear market Panic over oil price after ...
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